The stock market is really tanking!
vraiblonde said:The stock market is really tanking!
Wall Street plunged again Thursday, extending an almost relentless downward spiral after problems at Countrywide Financial Corp. (CFC) confirmed investors' fears that credit problems are spreading. The market shrugged off the Federal Reserve's injection of $17 billion into the banking system, and the Dow Jones industrial average fell almost 200 points.
Investors' confidence, already diminished by months of bad news about mortgages and credit, took a further pummeling after Countrywide, the nation's largest mortgage lender, said it was forced to draw on an $11.5 billion credit line to fund operations.
It hasn't been this low since April 17. I realize time flies when you get older, but that still is four months, not last month.aps45819 said:It's almost down to last month's levels
MMDad said:It hasn't been this low since April 17. I realize time flies when you get older, but that still is four months, not last month.
Airgasm said:The mortgage situation continues to be troublesome. Damn, that's my mortgage company
Airgasm said:http://apnews.excite.com/article/20070816/D8R29DCG2.html
The mortgage situation continues to be troublesome. Damn, that's my mortgage company
poor guy. You should maybe take a deep breath and have a beer before the next phone call.Toxick said:I feel guilty now because I was just on the phone with my broker salivating and screaming "SELL EVERYTHING RIGHT NOW YOU MOTHER ####ER! OR I'LL RIP OUT YOUR SPLEEN AND THROW IT IN YOUR FACE".
I hope he didn't take that the wrong way.
I should send a meat and cheese gift package over there so he knows it wasn't personal.
baileydog said:Makes me happy Im poor and have no stocks.
Toxick said:Does that mean if they go bankrupt, your mortgage is paid off?
OOOO!!! Pick me! Pick me!! I want in on this deal!!!Toxick said:Does that mean if they go bankrupt, your mortgage is paid off?
Toxick said:Does that mean if they go bankrupt, your mortgage is paid off?
onebdzee said: