Our financial system is crumbling this week.

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heyzeus
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Our financial system is crumbling this week.

Post by heyzeus »

Today would be a good day to take all of your money out of the bank, exchange it to a commodity metal (let's say copper), and put it under your mattress.
Last edited by heyzeus on September 18 08, 10:20 am, edited 1 time in total.
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Popeye_Card
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Re: Our financial system is crumbling today.

Post by Popeye_Card »

I would love to do that had I not spent all of my life savings on hookers and blow last weekend.

I'll place the over/under on the NYSE fall today at 500 points. I'm leaning towards the over.

EDIT: Right now, it's down 280.
Last edited by Popeye_Card on September 15 08, 8:34 am, edited 1 time in total.
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Michael
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Re: Our financial system is crumbling today.

Post by Michael »

Popeye_Card wrote:I would love to do that had I not spent all of my life savings on hookers and blow last weekend.



This is a better investment plan than the one my coworker had. He bought a ton of Lehman stock last week thinking the government would bail them out.
TimeForGuinness
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Re: Our financial system is crumbling today.

Post by TimeForGuinness »

Michael wrote:
Popeye_Card wrote:I would love to do that had I not spent all of my life savings on hookers and blow last weekend.



This is a better investment plan than the one my coworker had. He bought a ton of Lehman stock last week thinking the government would bail them out.


Ouch.

I really wonder if there is going to be a run on the banks soon.

/Looks like I should pull out some cash and stash it in my safe-deposit box.
//I doubt anything bad will happen, but mob mentality is weird
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Popeye_Card
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Re: Our financial system is crumbling today.

Post by Popeye_Card »

Michael wrote:
Popeye_Card wrote:I would love to do that had I not spent all of my life savings on hookers and blow last weekend.



This is a better investment plan than the one my coworker had. He bought a ton of Lehman stock last week thinking the government would bail them out.


I'd laugh at him, but I just checked my 401k, and I'm down 14.4% so far this year. Ouch.
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TheoSqua
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Re: Our financial system is crumbling today.

Post by TheoSqua »

Popeye_Card wrote:
Michael wrote:
Popeye_Card wrote:I would love to do that had I not spent all of my life savings on hookers and blow last weekend.



This is a better investment plan than the one my coworker had. He bought a ton of Lehman stock last week thinking the government would bail them out.


I'd laugh at him, but I just checked my 401k, and I'm down 14.4% so far this year. Ouch.


I'd laugh at you, but I don't even have a 401k. Actually.... I do have one, it's got $800... or it did when I last looked at it 8 months ago.
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wart57
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Re: Our financial system is crumbling today.

Post by wart57 »

pop_haines wrote:I just knew that hole in my backyard would come in handy.


You mean there is no dead body in it yet?
TimeForGuinness
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Re: Our financial system is crumbling today.

Post by TimeForGuinness »

Popeye_Card wrote:
Michael wrote:
Popeye_Card wrote:I would love to do that had I not spent all of my life savings on hookers and blow last weekend.



This is a better investment plan than the one my coworker had. He bought a ton of Lehman stock last week thinking the government would bail them out.


I'd laugh at him, but I just checked my 401k, and I'm down 14.4% so far this year. Ouch.


As long as I keep buying in at a cheaper prices...I'm happy. I've got a long way to go until retirement.
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The Third Man
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Re: Our financial system is crumbling today.

Post by The Third Man »

I've got my shotgun and packaged foods ready for the apocalypse.
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ghostrunner
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Re: Our financial system is crumbling today.

Post by ghostrunner »

Michael wrote:
Popeye_Card wrote:I would love to do that had I not spent all of my life savings on hookers and blow last weekend.



This is a better investment plan than the one my coworker had. He bought a ton of Lehman stock last week thinking the government would bail them out.


Good lord, that is dumb. You don't invest based on the news.
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