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Stock Market Crash '08


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Bad news like this has been looming the background for months, even years now:

  • more companies are moving abroad (Halliburton moved to Dubai),
  • the dollar is being used less and less (Dick Cheney exchanged his entire account for euro's) and
  • the burst of the housing/credit bubble in the USA didn't do any good for the markets either.
I can't say why now and not six months earlier, but the time seems ripe for a global recession. European markets seem to be recovering today, but that may soon change again once the Wall Street NYSE opens in about an hour. And Asia is still struggling while trying to limit the damage.

 

In the meantime my mother has asked me what she should do with a couple of stocks she owns. I told her selling now is a little too late, but there ?re some bargains available. And investing in gold is a good option as well -- I've been saying this for years. (If only I had the money...)

 

I hope you haven't, but gave any of you had any trouble with the stock market lately?

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Can't say that I have, but I'm pretty much in the same boat as you O. My family does own a bit of land, but it's a good distance outside of the rapidly expanding (for now) metropolitan areas in North Carolina...so no chance to capitalize on that. Not that I would. The land's been in the family for a little more than 230 years, and if I have my way about it, it will stay there for another 230.

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Can't say that I have, but I'm pretty much in the same boat as you O. My family does own a bit of land, but it's a good distance outside of the rapidly expanding (for now) metropolitan areas in North Carolina...so no chance to capitalize on that. Not that I would. The land's been in the family for a little more than 230 years, and if I have my way about it, it will stay there for another 230.

well be careful of your land because when the devlopments do get out you they will build. My family doesnt own a lot of land in Northeastern NC but we have a decesnt sized farm and land. And we live in a nice rural community where we never had to lock our doors ever, then they built a subdevision across the street from our farm and now the crime rate for the area is rising. Im slightly glad that the housing market burst well at least for my corner of the world be cause the plans to build more subdivisions were halted. Though when the coast guard bases do their reassignments there will be a slight rise in the building market in areas around Coast Guard Bases.

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If a crash would to hit Britain it would probably pritty damn bad. Considering this country's finances are in a sh*t state. Also considering my mother and step-father have just opened their own business, which I am to inherit. The only good thing is that i could probably get a car for pennies. I hope.

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The whole thing with that French rogue trader has apparently put a bit of a ding in the recovery of the European markets, or as is my understanding. Which is admittedly rather lacking, as my grasp on the whole financial system is not particularly brilliant.

 

I suspect we're heading for a crash, though. Which will be a massive bugger for all of us, with or without owning land.

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