the dow dropped almost 700 points today. it's official were in a recession.

[npor]

dang...

this is both good, and bad.


and today is the day that we're officially in a recession.

[skilzz]

wat does this mean?

[coletrain]

stocks or something like that

[1990accordex-r]

That sucks. Were doing a unit in my class about this.

[skilzz]

stocks or something like that

ooo i see... well thats too bad

[C91BLX7]

Fuk money, its all about gold bitches!

[skilzz]

Fuk money, its all about gold bitches!

fuk gold.. oil bitch

[npor]

gold and oil both dropped today as well.

i wish i was still in my economics class. i took it in 9 weeks, 4 weeks ago. hah.

still...this is both good and bad.

a good rule of thumb though.

you always buy clothes on sale..shoes on sale...try ot get money off on cars..and other stuff.

so think about it this way. the economy is in terrible shape. so stock prices are down. so are housing prices.

stocks are in a way, on sale.
same with houses.

buy while it's cheap! just do your research BIG TIME before you do anything.

[lil_dcb7]

gold and oil both dropped today as well.

i wish i was still in my economics class. i took it in 9 weeks, 4 weeks ago. hah.

still...this is both good and bad.

a good rule of thumb though.

you always buy clothes on sale..shoes on sale...try ot get money off on cars..and other stuff.

so think about it this way. the economy is in terrible shape. so stock prices are down. so are housing prices.

stocks are in a way, on sale.
same with houses.

buy while it's cheap! just do your research BIG TIME before you do anything.

yep. i REALLY hope to buy my own house within the next three years, while this economy is still in the john. Terrible market + foreclosed houses = the price of a car.

[skilzz]

car parts?

[npor]

yep. i REALLY hope to buy my own house within the next three years, while this economy is still in the john. Terrible market + foreclosed houses = the price of a car.

exactly.

sucks though...freddie and fannie were down to UNDER .50 a share last week...with a bail out that was passed, they both shot up over 50%

i didnt buy in time so i lost out on the profits!

they're back down to almost a dollar now...hopefully they'll go sub .50 again, or even sub .30 so i can buy a few thousand shares when the times right.

lets say freddie mac (FRE) is back down to $.30 a share again.
if i bought 3000 shares at .30 a share, that would cost me $900

if the market has another rally like last week, and it shoots back up to $1 a share, that's $3,000.

$2100 profit.

[92vig]

Read an article earlier that said the official beginning of the recession started in December 07. were fucked....

[Rck92DX]

your barely noticing that were in a recession. we are reaching 1929 conditions in the stock market. just because the media tells you its not going on doesnt make go away. we are going to go into a drepession soon. hope youre all ready.

[jhondayaaj]

yeah, that shit sucks. just found out today that the dealership that I work for is cutting all the employees wages 10 percent. so if you make 20 dollars an hour, now you're making 18. their excuse is that the economy's gone to shit. well, as bad as it is for us techs, (we don't get paid hourly either, no cars, no money) now it's even worse. I have 5 kids, take care of my mom, and my younger sis that is kinda slow, and a mortgage payment, and bills. 26 years old too, and now my company is cutting my wages. that hurts, tell you honostly, I feel like shit now.

[lokuputha]

a technical recession is two consecutive quarter of economic downturn...best time to start buying some stocks, houses, gold, what ever.