Author Topic: Dow Plunges!!!!  (Read 1414 times)

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Offline ksyc13

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Dow Plunges!!!!
« on: December 02, 2008, 10:23:58 AM »
Is this the beginning of worse things to come? Logged on to yahoo and the first thing that was highlighted was this news. 

http://news.yahoo.com/s/ap/20081202/ap_on_bi_ge/financial_meltdown

They were saying that this time around it be very much worst since the great depression - even the 1997 financial crisis is nothing compared to what's coming.

Getting me very worried!!! Any advice on what to do and what to expect?
"You know the world is going crazy when the best rapper is a white guy, the best golfer is a black guy, the tallest guy in the NBA is Chinese, the Swiss hold the America's Cup, France is accusing the U.S. of arrogance, Germany doesn't want to go to war ..."

Offline Aezam

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Re: Dow Plunges!!!!
« Reply #1 on: December 02, 2008, 10:41:40 AM »
Probably that's why "they" let Obama win the elections ... This will be the worse of times!
"Nobody ever looked up and saw a good shot."

Offline mrfeelgood

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Re: Dow Plunges!!!!
« Reply #2 on: December 03, 2008, 12:49:51 PM »
ayoyo! ... was with a fren the other day, he was saying his bro-in-law, who's working with one of the electronics MNCs based in Penang, was laid off - given only a month's severance pay - and his bro-in-law has 4 mouths 2 feed. Apparently quite a number of MNCs have started laying off theirs workers - I heard somewhere about 15,000 workers were laid off!  Dunno how true .. but if it is ... real scary-lah!!!
« Last Edit: December 03, 2008, 12:55:33 PM by mrfeelgood »

Offline ksyc13

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Re: Dow Plunges!!!!
« Reply #3 on: December 06, 2008, 01:12:18 AM »
Doesn't look too good - the Dow Jones Index plunge further down went it opened this morning ...
"You know the world is going crazy when the best rapper is a white guy, the best golfer is a black guy, the tallest guy in the NBA is Chinese, the Swiss hold the America's Cup, France is accusing the U.S. of arrogance, Germany doesn't want to go to war ..."