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BREAKING US markets tanking - S&P 500 & Nasdaq down >7%

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Comments

  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    This is no time for jest. It's time Ladies and Gentlemen to retire to one's bunker until the state of emergency is officially over. Sensibly I've stockpiled 18 months supplies of food and fuel, so who's laughing now.

    Me. At you.

    ...........
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    Sensibly I've stockpiled 18 months' supplies of food and fuel, so who's laughing now.

    quite possibly your grocer and fuel merchant.

    But its who has the last laugh surely...that laughs the loudest. Or longest.
  • worldtraveller
    worldtraveller Posts: 14,013 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    edited 6 May 2010 at 9:03PM
    I was expecting a correction and pullback of around 10% in the FTSE around this time period, but it looks like it could well end up being larger than that.

    Tomorrow will be interesting.
    There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    But its who has the last laugh surely...that laughs the loudest. Or longest.

    If we get to a stage where we all need 18 months of sockpiled food none of us will be laughing as it will mean society has broken down. However, I might be slightly less depressed that Doctor Gloom when the entire community, who have no food, work out that the good Doctor has 18 months worth of the stuff and starts making their way to his house armed with baseball bats and Mad Max-style haircuts to liberate him from his supplies.
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    Cleaver wrote: »
    If we get to a stage where we all need 18 months of sockpiled food none of us will be laughing as it will mean society has broken down. However, I might be slightly less depressed that Doctor Gloom when the entire community, who have no food, work out that the good Doctor has 18 months worth of the stuff and starts making their way to his house armed with baseball bats and Mad Max-style haircuts to liberate him from his supplies.

    I'll be laughing. I might finally run out of body fat . I might not laugh for long, I grant you, but I'll be laughing!
  • tomterm8
    tomterm8 Posts: 5,892 Forumite
    Part of the Furniture Combo Breaker
    Finally, being a porky might come in use!
    “The ideas of debtor and creditor as to what constitutes a good time never coincide.”
    ― P.G. Wodehouse, Love Among the Chickens
  • Doctor_Gloom
    Doctor_Gloom Posts: 397 Forumite
    Exocet wrote: »
    Well, I am laughing a bit. .
    This is the true British Bulldog spirit which the rest of the world so much admires. Only we the British can stick two fingers up at and laugh so disdainfully when faced with such adversity. It's times like this when I feel so proud to be British.
    We better stick together, it's going to be really tough this time
  • Oil_Shock
    Oil_Shock Posts: 26 Forumite
    Who is this Doctor Gloom character ?, my my, I'm gone for 3 months and someone has jumped into my shoes, listen mate, the true Doctor is back now, so step aside.:D
  • worldtraveller
    worldtraveller Posts: 14,013 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Dow closed down 3.27%; Nasdaq 3.37%; S&P 3.33%
    There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
  • tomterm8
    tomterm8 Posts: 5,892 Forumite
    Part of the Furniture Combo Breaker
    I didn't see this earlier:
    Cleaver wrote: »

    I'm sure it was awful at the time and everything, but you look back at it on a chart and it looks quite insignificant. Almost like you wouldn't notice it if someone didn't point it out to you.

    At the worst of this, the dow was down 9%... in the '87 crash, it dropped more than 20%, and they closed the stock market.
    “The ideas of debtor and creditor as to what constitutes a good time never coincide.”
    ― P.G. Wodehouse, Love Among the Chickens
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