Our financial system is crumbling this week.

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Freed Roger
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Re: Our financial system is crumbling this week.

Post by Freed Roger »

ghostrunner wrote:Image

Seriously though, this is not a bad time for my 401k to have started.
Unless this is the End of Times....nevermind.
Image

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slide_into_first
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Re: Our financial system is crumbling this week.

Post by slide_into_first »

International Tower Hill Mines was an $11 stock a few years ago because of their gold deposit in Alaska. The stock crashed because gold prices fell and oil prices rose, making developing their property not feasible. The stock is at 23 cents, oil has fallen below $40 and gold looks like it might have bottomed. I may start a small position. Disclaimer: I don't know what I'm talking about.

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Joe Shlabotnik
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Re: Our financial system is crumbling this week.

Post by Joe Shlabotnik »

pioneer98 wrote:Vanguard's servers are crashing.
My nephew who works as a civilian in the local army installation says the governement TPS (their 401k) servers are crashing as well.

I told him to wait til everyone was done and then buy.

AWvsCBsteeeerike3
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Re: Our financial system is crumbling this week.

Post by AWvsCBsteeeerike3 »

It's like everyone got drunk last night while China continued to crash and started trying to sell. There are reasons to be concerned, obviously China's bubble is bursting and has been for a month or so now and the market in general is due for a pullback. But, jesus, seeing companies like apple and google and the like open down 8% or so after losing about 10% last week was stupid and unsurprisingly has bounced back. Apple, for example was at $115 last week, it finished the week at $105 and hit $92 this morning for a second before ascending to where it is now at $108.

MrSaigon

Re: Our financial system is crumbling this week.

Post by MrSaigon »

So which shards should I pick up in Chinese stocks? and when? and also, please quickly and easily secure my financial future.

TIA.

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heyzeus
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Re: Our financial system is crumbling this week.

Post by heyzeus »

MrSaigon wrote:So which shards should I pick up in Chinese stocks? and when? and also, please quickly and easily secure my financial future.

TIA.
Invest in low cost, high quality jerseys.

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slide_into_first
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Re: Our financial system is crumbling this week.

Post by slide_into_first »

Jinko Solar looks like it is a solvent company whose stock was caught in the selloff. Yingli Green Energy is under $1 but could be headed for bankruptcy. Disclaimer: I don't know what I'm talking about.

MrSaigon

Re: Our financial system is crumbling this week.

Post by MrSaigon »

slide_into_first wrote:Jinko Solar looks like it is a solvent company whose stock was caught in the selloff. Yingli Green Energy is under $1 but could be headed for bankruptcy. Disclaimer: I don't know what I'm talking about.
Next time put your disclaimer on the top. I just put all but rights to my first-born on Yingli.

AWvsCBsteeeerike3
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Re: Our financial system is crumbling this week.

Post by AWvsCBsteeeerike3 »

And, just like that, yesterdays losses are about to be erased. Last weeks losses otoh....

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Secret Weapon
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Re: Our financial system is crumbling this week.

Post by Secret Weapon »

Nuts, I sold everything when it dropped 1,000 points yesterday, I guess I'll buy back in tomorrow

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