by gareth
10 replies
  • OFF TOPIC
  • |
Thats what I told my professor when I got three D's a couple of years ago.

Wasnt my fault I got evicted from my place a week before exams and had a major panic going down.

Well the Dow jones has sunken below 7000 today.

It is anticipated to drop below 1000. Thats by socio-economics pundits.

Also the real prediction is for current events to be worse than the great depression. That is going by elliot wave theory.

Clearly the only way the current crisis could be worse than the great depression is if somebody did an enormous bioterror attack, or knocked out the USA or Europe with EMP, or nuked some major city.

I dont think mass hysteria based on economics alone could do it. But perhaps I am wrong.

Anyway this is the real crisis.

Things will not magically get better. So whats the game plan if the dow really does sink below 1000 and there has been a major terror hit ?
  • Profile picture of the author Star69
    Rubbish, Gareth. Fear mongering. Stop paying so much attention to what you hear from people who want you to believe they know what they are talking about.

    If things are going to be even worse than they are now, why would Warren Buffet be buying shares? He's no dummy.

    The money isn't disappearing, it's just changing hands. Follow the money.

    This is nothing more than a major market correction. It couldn't keep going up and up forever, could it?
    {{ DiscussionBoard.errors[567797].message }}
  • Profile picture of the author David Maschke
    that one is easy to answer

    1. institute martial law
    2. remove all personal freedoms
    3. put communist government in place
    4. start re-writing history
    5. blame capitalism
    6. put price and wage freezes into place
    7. print more money
    8. watch inflation run rampant
    9. laugh at the shortages that will occur

    That is the worst case scenario outcome for the events you described.
    Signature

    I

    {{ DiscussionBoard.errors[567803].message }}
  • Profile picture of the author HeySal
    Crap Gareth - if that goes down then so many americans will be living in our handy little fema "emegency center" camps with the barbed wire pointed INWARD that there won't be anyone with live brain cells on the outside to do anything about it.
    Signature

    Sal
    When the Roads and Paths end, learn to guide yourself through the wilderness
    Beyond the Path

    {{ DiscussionBoard.errors[567830].message }}
  • Profile picture of the author gareth
    Whatever. I bet $100 dow gets below at least 5000
    Signature

    Gareth M Thomas
    Serial Entrepreneur
    Auckland, New Zealand

    {{ DiscussionBoard.errors[568644].message }}
    • Profile picture of the author artwebster
      Originally Posted by gareth View Post

      Whatever. I bet $100 dow gets below at least 5000
      So what?

      The Dow Jones is only a reflection of the opinions of gamblers who are prepared to put the country in jeopardy in order to increase their own financial worth.

      It would be very interesting to close all stock markets for a month to see what would happen. Admittedly this might prevent a few companies from raising capital but I'll bet a lot more companies would benefit from the stability created by locking out the gamblers.
      Signature

      You might not like what I say - but I believe it.
      Build it, make money, then build some more
      Some old school smarts would help - and here's to Rob Toth for his help. Bloody good stuff, even the freebies!

      {{ DiscussionBoard.errors[568664].message }}
  • Profile picture of the author gareth
    Well dont take anything for granted.
    Signature

    Gareth M Thomas
    Serial Entrepreneur
    Auckland, New Zealand

    {{ DiscussionBoard.errors[568729].message }}
  • Profile picture of the author jayottoc
    The More universal thought is focused on disaster the more of it we get.
    We get what we focus on with emotionally.
    Thought are the beginning of the creative process. WOPS--getting into Spiritual area.

    Realize with any News organizations: If it bleeds it Leads. Builds readership for them
    Signature

    Be a Stone Cutter. Have a vision. Keep Chip away until it's revealed. Instill the vision in helpers-fellow visionaries. (paraphrase of Jaysons wisdom) 1000Profits.jaysinvestorsvc.com

    {{ DiscussionBoard.errors[569739].message }}
  • Profile picture of the author primuskannan
    Read that some sectors like pharma especially medical industry is doing well alongwith
    some consumer goods sectors.

    Things can only get better :-)
    Signature

    {{ DiscussionBoard.errors[570282].message }}
  • Profile picture of the author Suthan M
    i just got one question..

    What is E for?
    Signature

    Whats the latest movie you watched? Anything good?

    {{ DiscussionBoard.errors[570302].message }}
  • Profile picture of the author gareth
    And dont forget

    A is for Anus

    or An Asshole which is what I am being starting this thread.
    Signature

    Gareth M Thomas
    Serial Entrepreneur
    Auckland, New Zealand

    {{ DiscussionBoard.errors[572096].message }}

Trending Topics