I'm getting kind of sick of hearing about how the dow keeps dropping and how it's all about confidence in the market. Why should the average joe give a shit. 2009-03-05T17:26:37-05:00 23 2009-03-05T14:30:38-05:00 15175 false false 3168 3168 1 2009-11-08T06:21:00-05:00 372 Um... because if the stock market crashes, the entire economy goes with it... Ever hear of the great depression? 15175 Post 2009-03-05T14:59:44-05:00 393261 2329 2009-03-05T15:03:16-05:00 yeaaa, why should we care about st00pid shiz like the economy? thats dumbbb 15175 Post 2009-03-05T15:06:24-05:00 393267 1208 2009-03-05T15:06:24-05:00 <blockquote><cite>RustyEight said:</cite> Um... because if the stock market crashes, the entire economy goes with it... Ever hear of the great depression?</blockquote> 15175 Post 2009-03-05T15:07:00-05:00 393269 12155 2009-03-05T15:07:00-05:00 /me puts his palm to his face 15175 Post 2009-03-05T15:07:45-05:00 393270 2329 2009-03-05T15:07:45-05:00 I'd have to say that the average Joe out of anyone should worry the most. When the economy goes down the average Joe loses his job, the rich people just lose a little money. (Not always obviously) 15175 Post 2009-03-05T15:08:40-05:00 393271 12155 2009-03-05T15:08:40-05:00 my stocks are taking a beating right now... really i have stocks.. 15175 Post 2009-03-05T15:09:32-05:00 393272 9051 2009-03-05T15:09:32-05:00 The Dow Jones Industrial Average is an arbitrary group of 30 companies out of thousands that trade on the stock exchange. It means little in relation to the "entire economy." Stock prices in general can be manipulated so much that they don't really mean that much anyway. Look at some of the companies in the DJIA: McDonald's, WalMart, Exxon... You think these companies are worried about going under? 15175 Post 2009-03-05T15:13:44-05:00 393276 9528 2009-03-05T15:16:46-05:00 /me agrees with <b><i>RustyEight</b></i> 15175 Post 2009-03-05T15:15:45-05:00 393277 1514 2009-03-05T15:15:45-05:00 Dow Jones Industrial Average is only 30 different stocks and includes some of the bailout companies and car companies. You don't make money with stocks in the dow you make money by picking the right stocks that will end up in the dow 10 years from now. 15175 Post 2009-03-05T15:17:08-05:00 393281 3168 2009-03-05T15:17:08-05:00 Now is the time to buy people! dont take huge risk and put all your money into some random company but save $100 bucks a month and in 4 to 6 months watch a company then invest. For example invest in a Microsoft or Apple because there stock is half of what it was 3 years ago and you know there not going bankrupt and in 3 years youll thank me 15175 Post 2009-03-05T15:19:05-05:00 393285 1067 2009-03-05T15:19:23-05:00 <blockquote><cite>joeybstarr said:</cite> The Dow Jones Industrial Average is an arbitrary group of 30 companies out of thousands that trade on the stock exchange. It means little in relation to the "entire economy." Stock prices in general can be manipulated so much that they don't really mean that much anyway. Look at some of the companies in the DJIA, McDonald's, WalMart, Exxon... You think these companies are worried about going under?</blockquote> Its not about the individual companies tanking... its about the people who had invested in these companies too. The lower they fall, the more people money lose. The companies themselves, if they fall, will leave thousands without jobs. No, Dow doesn't represent the entire market... but it's not just the Dow that has this downward trend and lack of confidence. Its all of them.. Nasdaq, Dow, hell markets around the world are tanking. So back to the original question... why should the average joe care? Because by seeing the market trends, we can kind of keep track of the state of our economy, and how long it will be before we are all living in deer skin huts again. 15175 Post 2009-03-05T15:19:08-05:00 393286 2329 2009-03-05T15:21:07-05:00 <blockquote><cite>Time Without the E said:</cite> Now is the time to buy people! dont take huge risk and put all your money into some random company but save $100 bucks a month and in 4 to 6 months watch a company then invest. For example invest in a Microsoft or Apple because there stock is half of what it was 3 years ago and you know there not going bankrupt and in 3 years youll thank me</blockquote> It's like a fire sale for billionaires, the rich will end up richer after this. 15175 Post 2009-03-05T15:25:37-05:00 393291 3168 2009-03-05T15:25:37-05:00 Not to mention the stock market is speculative of what is to come. Its like seeing into the future of our economy. If it keeps going down, we know in a month or more it will be worst, and vice versa. You should give a shit because its relevant to your life, and greatly affects it. If you're sick of hearing about it, then don't pay attention and let the less apathetic people care about everyone's livelihoods. 15175 Post 2009-03-05T15:28:51-05:00 393295 665 2009-03-05T15:28:51-05:00 I have heard that more americans are saving money. actually saving monay that is good news, too much credit for too long. 15175 Post 2009-03-05T15:29:24-05:00 393296 7336 2009-03-05T15:29:24-05:00 <blockquote><cite>isaboa said:</cite> I have heard that more americans are saving money. actually saving monay that is good news, too much credit for too long.</blockquote> This I have nothing against credit... but so many people had so little knowledge of how to use it. 15175 Post 2009-03-05T15:30:26-05:00 393298 2329 2009-03-05T15:31:01-05:00 <blockquote><cite>mitchbones said:</cite> Not to mention the stock market is speculative of what is to come. Its like seeing into the future of our economy. If it keeps going down, we know in a month or more it will be worst, and vice versa. You should give a shit because its relevant to your life, and greatly affects it. If you're sick of hearing about it, then don't pay attention and let the less apathetic people care about everyone's livelihoods.</blockquote> I'm just sick of hearing about the dow as if it's the whole market. A lot of those stocks have very lil chance of making you alot of money there a lot of companies in trouble and the healthy ones have very little chance of growing much bigger. All you hear is the dow is down. The dow is not the stock market it's part of it and the stock market isn't the economy it part of it. 15175 Post 2009-03-05T15:48:31-05:00 393312 3168 2009-03-05T15:48:31-05:00 The DOW is just one of many market barometers. Usually as the DOW goes, so does the rest of the market. How often do you see a day where the DOW is down a ridiculous amount but the S&P 500 is way up? It just doesn't really happen. It's not just the DOW that is down. S&P is way off. Nasdaq is way Off. Like has been said before, most all markets around the world are taking a beating right now. For those of us that are younger and have about 40+ years until retirement.. this is a great time to be investing. Put a little in every month. Dollar Cost Average it out and in the long run, we'll be just fine. 15175 Post 2009-03-05T16:22:35-05:00 393344 2973 2009-03-05T16:22:35-05:00 im going to live in a tree house on some uncharted island... 15175 Post 2009-03-05T16:29:47-05:00 393345 2870 2009-03-05T16:29:47-05:00 i iz dow jones... 15175 Post 2009-03-05T16:32:33-05:00 393346 9757 2009-03-05T16:32:33-05:00 <blockquote><cite>ChristianTW said:</cite> The DOW is just one of many market barometers. Usually as the DOW goes, so does the rest of the market. How often do you see a day where the DOW is down a ridiculous amount but the S&P 500 is way up? It just doesn't really happen. It's not just the DOW that is down. S&P is way off. Nasdaq is way Off. Like has been said before, most all markets around the world are taking a beating right now. For those of us that are younger and have about 40+ years until retirement.. this is a great time to be investing. Put a little in every month. Dollar Cost Average it out and in the long run, we'll be just fine.</blockquote> im actually tracking some companies to invest in within the next year, given we don't plunge into anarchy 15175 Post 2009-03-05T16:38:09-05:00 393352 5570 2009-03-05T16:38:09-05:00 <blockquote><cite>edword said:</cite> <blockquote><cite>mitchbones said:</cite> Not to mention the stock market is speculative of what is to come. Its like seeing into the future of our economy. If it keeps going down, we know in a month or more it will be worst, and vice versa. You should give a shit because its relevant to your life, and greatly affects it. If you're sick of hearing about it, then don't pay attention and let the less apathetic people care about everyone's livelihoods.</blockquote> I'm just sick of hearing about the dow as if it's the whole market. A lot of those stocks have very lil chance of making you alot of money there a lot of companies in trouble and the healthy ones have very little chance of growing much bigger. </blockquote> The Dow is a good representation of the market though. I definitely wouldn't invest in any of the Dow companies because they are so high, though if you see an smart opportunity, take it. Also, I bet when google was at $200 people said it didn't have room to grow much bigger, then were left speechless when it was at $745 <blockquote>All you hear is the dow is down. The dow is not the stock market it's part of it and the stock market isn't the economy it part of it.</blockquote> You act as if the dow rating isn't important.It being at a record low, IS A BIG DEAL. It means the top 30 american companies are doing the worst in decades. Imagine you have a class of two thousand students. The class make up is 30 of the students are the Straight A's, then S&P 500 is B students. The Russel 2000 is C's and lower. In this class there is a test coming up (our economic downturn), and all of the Straight A students are doing fucking poooooorly, worst they have ever done in their lives. Common sense will tell you that the B students and C students will do poorly also, which reflects the Class Average going down (our economy). You could say that out of the 2000 students some did good, and are healthy, but if you look at the big movers and shakers, things are bad. 15175 Post 2009-03-05T17:02:09-05:00 393363 665 2009-03-05T17:02:09-05:00 <blockquote><cite>Jaypantastic! said:</cite> i iz dow jones...</blockquote> NO, I R DOW JONES. 15175 Post 2009-03-05T17:10:38-05:00 393376 12410 2009-03-05T17:10:38-05:00 <blockquote><cite>mitchbones said:</cite> <blockquote><cite>edword said:</cite> <blockquote><cite>mitchbones said:</cite> Not to mention the stock market is speculative of what is to come. Its like seeing into the future of our economy. If it keeps going down, we know in a month or more it will be worst, and vice versa. You should give a shit because its relevant to your life, and greatly affects it. If you're sick of hearing about it, then don't pay attention and let the less apathetic people care about everyone's livelihoods.</blockquote> I'm just sick of hearing about the dow as if it's the whole market. A lot of those stocks have very lil chance of making you alot of money there a lot of companies in trouble and the healthy ones have very little chance of growing much bigger. </blockquote> The Dow is a good representation of the market though. I definitely wouldn't invest in any of the Dow companies because they are so high, though if you see an smart opportunity, take it. Also, I bet when google was at $200 people said it didn't have room to grow much bigger, then were left speechless when it was at $745 <blockquote>All you hear is the dow is down. The dow is not the stock market it's part of it and the stock market isn't the economy it part of it.</blockquote> You act as if the dow rating isn't important.It being at a record low, IS A BIG DEAL. It means the top 30 american companies are doing the worst in decades. Imagine you have a class of two thousand students. The class make up is 30 of the students are the Straight A's, then S&P 500 is B students. The Russel 2000 is C's and lower. In this class there is a test coming up (our economic downturn), and all of the Straight A students are doing fucking poooooorly, worst they have ever done in their lives. Common sense will tell you that the B students and C students will do poorly also, which reflects the Class Average going down (our economy). You could say that out of the 2000 students some did good, and are healthy, but if you look at the big movers and shakers, things are bad.</blockquote> The dow is important but look at some the companies in it. Bank of America,Citigroup, JPMorgan Chase,General Motors of course they are going to tank. The point I'm trying to make is the dow is not the economy and the way they talk about it on the news make it sound like it is. 15175 Post 2009-03-05T17:26:37-05:00 393396 3168 2009-03-05T17:26:37-05:00