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Black monday coming up?

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Blanka:
AEX of Amsterdam lost almost 9%, Austrian stock lost more than 8%, Brazilian market was closed after more than 10% drop, oil went down 10%, and the Dow is doing pretty bad today as well. Good day for those with no savings, no stock and no debts either. Having close to 0€ was never that good. I have a beer on it  :cheers:

ark_ader:
I always believe in being liquid, and have portable wealth.    :applaud:

If I had to put some money fast, then the gold markets would be my next stop.

I'm kind of glad the banks are getting it bad.  It is about time for a change.

I'm sorry for all those who borrowed to the hilt and have cars, boats and big houses....

Too much to lose in such a short time.   :o

SithMaster:
I realized the other day that people could borrow the money and deduct the interest on the mortgage essentially getting free rent.  They could just never pay off the principle and keep deducting the interest.  Since the economy is generally moving towards short term investments and making as much money as possible before going under I guess that makes sense.  Of course it wouldn't make your credit rating look good and if tax laws change it wouldn't work anymore.

Don't be sorry for them.  They, more the most part, knew affording those luxury items was beyond their means yet they accepted the conditions of the payment plans.  Hopefully some good comes from fubaring the economy.

RayB:
My money's in arcade machines.  ;D

ChadTower:

--- Quote from: RayB on September 30, 2008, 01:31:25 pm ---My money's in arcade machines.  ;D

--- End quote ---

I'm sure that's a joke in your case, but I know a lot of guys right now trying to sell off their "savings" and finding that there are no buyers.  A couple of them are starting to get desperate because they actually did put their money into games.

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