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BigPapaSmurf
SFN Die Hard
3192 Posts |
 Posted - 03/03/2008 : 08:26:55
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Updated: 10:20 am ET, March 03
-3.66(-0.03%)Dow 12,262.73+3.84(+0.17%)Nasdaq 2,275.32-1,197.21(-89.97%)S&P 133.42
From CNN.com, they better hope that doesnt trigger any panic.
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"...things I have neither seen nor experienced nor heard tell of from anybody else; things, what is more, that do not in fact exist and could not ever exist at all. So my readers must not believe a word I say." -Lucian on his book True History
"...They accept such things on faith alone, without any evidence. So if a fraudulent and cunning person who knows how to take advantage of a situation comes among them, he can make himself rich in a short time." -Lucian critical of early Christians c.166 AD From his book, De Morte Peregrini |
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Dave W.
Info Junkie
USA
26022 Posts |
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filthy
SFN Die Hard
USA
14408 Posts |
 Posted - 03/03/2008 : 09:21:56 [Permalink]
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I am so glad that I resisted the temptation of a couple of years ago and kept my little scrap of savings out of Wall Street related funds! If I'm going to gamble, it'll be at a table where I can see if seconds & bottoms are being dealt.
Captalism is great, but only if it's properly regulated. This is but another example the government trusting buisness to regulate itself, which is like asking my house 'possum not to devour the cat's food as soon as the lights get turned out for the night (actually, that's regulated. Cat's bowl is on a 'possum-proof stand).
I am not envious of the task facing the next administration.
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"What luck for rulers that men do not think." -- Adolf Hitler (1889 - 1945)
"If only we could impeach on the basis of criminal stupidity, 90% of the Rethuglicans and half of the Democrats would be thrown out of office." ~~ P.Z. Myres
"The default position of human nature is to punch the other guy in the face and take his stuff." ~~ Dude
Brother Boot Knife of Warm Humanitarianism,
and Crypto-Communist! 
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bngbuck
SFN Addict
USA
2437 Posts |
Posted - 03/03/2008 : 12:00:01 [Permalink]
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I am so glad that thirty years ago I put my hard-earned little nest egg into gold and diamonds. Precious metals and jewelry can't be beat for ROI! Government bonds and treasury notes are great income and appreciation too, but they don't touch diamonds. Think of the carbon footprint!.... No, I guess that doesn't make sense! Well, think of the bling factor!
I'm just rattling your snake chain, Filth, don't take me seriously! Seriously, tho', what do or did you invest in, if not market securities? I know it's NOMDB, but what smart people put their money in is really interesting to me! If it's personal, tell me to fuck off, I will completely understand! It is NOMFB!
Anybody else want to reveal what investment vehicle they employ? Are there stock market advocates or critics out there? |
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filthy
SFN Die Hard
USA
14408 Posts |
 Posted - 03/03/2008 : 12:28:42 [Permalink]
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Originally posted by bngbuck
I am so glad that thirty years ago I put my hard-earned little nest egg into gold and diamonds. Precious metals and jewelry can't be beat for ROI! Government bonds and treasury notes are great income and appreciation too, but they don't touch diamonds. Think of the carbon footprint!.... No, I guess that doesn't make sense! Well, think of the bling factor!
I'm just rattling your snake chain, Filth, don't take me seriously! Seriously, tho', what do or did you invest in, if not market securities? I know it's NOMDB, but what smart people put their money in is really interesting to me! If it's personal, tell me to fuck off, I will completely understand! It is NOMFB!
Anybody else want to reveal what investment vehicle they employ? Are there stock market advocates or critics out there?
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Marijuana & dealing Three Card Monte..... 
All but a tag end of my savings went to others in the family. What remains is in an interest-bearing account that I can quickly access in emergencies.
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"What luck for rulers that men do not think." -- Adolf Hitler (1889 - 1945)
"If only we could impeach on the basis of criminal stupidity, 90% of the Rethuglicans and half of the Democrats would be thrown out of office." ~~ P.Z. Myres
"The default position of human nature is to punch the other guy in the face and take his stuff." ~~ Dude
Brother Boot Knife of Warm Humanitarianism,
and Crypto-Communist!
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Dr. Mabuse
Septic Fiend
Sweden
9688 Posts |
Posted - 03/03/2008 : 14:53:49 [Permalink]
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| What's S&P 500 ??? |
Dr. Mabuse - "When the going gets tough, the tough get Duct-tape..."
Dr. Mabuse whisper.mp3
"Equivocation is not just a job, for a creationist it's a way of life..." Dr. Mabuse
Support American Troops in Iraq:
Send them unarmed civilians for target practice..
Collateralmurder. |
| Edited by - Dr. Mabuse on 03/03/2008 14:54:06 |
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Cuneiformist
The Imperfectionist
USA
4955 Posts |
Posted - 03/03/2008 : 15:17:14 [Permalink]
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Originally posted by Dr. Mabuse
What's S&P 500 ???
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Standard & Poor's 500. It's a stock index of 500 large corporations. The Dow-Jones is a more popular reference for the happenings of the stock market, but it's an index of 30 (admittedly huge) corporations (think Wal-Mart, MicroSoft, and ExxonMobil), and so sometimes isn't as good an indicator of things as the S&P. |
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Dude
SFN Die Hard
USA
6891 Posts |
Posted - 03/03/2008 : 17:06:36 [Permalink]
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Must have been an updating error, because the S&P500 closed up a small ammount from yesterday. DOW and NASDAQ are down a couple points, but nothing like a 90% fluctuation.
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Ignorance is preferable to error; and he is less remote from the truth who believes nothing, than he who believes what is wrong.
-- Thomas Jefferson
"god :: the last refuge of a man with no answers and no argument." - G. Carlin
Hope, n.
The handmaiden of desperation; the opiate of despair; the illegible signpost on the road to perdition. ~~ da filth |
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moakley
SFN Regular
USA
1888 Posts |
Posted - 03/03/2008 : 18:34:11 [Permalink]
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Originally posted by Dude
Must have been an updating error, because the S&P500 closed up a small ammount from yesterday. DOW and NASDAQ are down a couple points, but nothing like a 90% fluctuation.
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I'm not sure what I should have seen either. I went to the link provided by Dave selected advanced charts for today by minute and never saw the 90% fluctuation. What did I miss?
Edited to add: This is the humor folder  |
Life is good
Philosophy is questions that may never be answered. Religion is answers that may never be questioned. -Anonymous |
| Edited by - moakley on 03/03/2008 18:52:56 |
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Cuneiformist
The Imperfectionist
USA
4955 Posts |
Posted - 03/03/2008 : 20:08:09 [Permalink]
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| I think (guessing here) that there was a CNN typo (like a decimal place or two off?) which only lasted for a short time, but which had the S&N down much more than it should have?? |
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Dave W.
Info Junkie
USA
26022 Posts |
Posted - 03/03/2008 : 21:21:11 [Permalink]
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When I checked on it - at the link I provided - the markets had been open for an hour-and-a-half or so and there were two huge downward-pointing spikes on the graph. The then-current spike had a low point of 133-point-something. Not 133 points down, but 133 as the absolute value of the index (just like in BPS's OP). Eight minutes later, it was showing +3 again instead of nearly -1200.
Obviously, CNN fixed whatever ticker problem they were experiencing, and has revised their own history to match reality. In hindsight, I should have taken a screen-shot to prove that I (and BPS) am not crazy. |
- Dave W. (Private Msg, EMail)
Evidently, I rock!
Why not question something for a change?
Visit Dave's Psoriasis Info, too. |
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Dr. Mabuse
Septic Fiend
Sweden
9688 Posts |
Posted - 03/04/2008 : 02:17:42 [Permalink]
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| NASDAQ is the one that's interesting for me, since the company I work for is listed there. Ericsson. |
Dr. Mabuse - "When the going gets tough, the tough get Duct-tape..."
Dr. Mabuse whisper.mp3
"Equivocation is not just a job, for a creationist it's a way of life..." Dr. Mabuse
Support American Troops in Iraq:
Send them unarmed civilians for target practice..
Collateralmurder. |
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oops! S&P 500 loses 90%!
