They need to shut the markets down worldwide!!

[Allisonfaye]

My husband came home today from his (evil corporate job) and he said they need to shut down the markets worldwide like they closed the US markets after 911. He thinks if they do this until the credit crunch is solved, they can open the markets back up again after that. He wants me to post it on the boards to get the idea out there. I would say call your Congressman but we all know they are out of session.

 

[purrfectpear]

So no one gets to trade because the markets are screwy? OK then

I''m thinking we caused enough of a mess...maybe we shouldn''t be suggesting what other countries should do with their economy

 

[ksinger]

Date: 10/9/2008 9:15:13 PM
Author: purrfectpear
So no one gets to trade because the markets are screwy? OK then

I''m thinking we caused enough of a mess...maybe we shouldn''t be suggesting what other countries should do with their economy

Yeah, like they WOULD listen to any advice from US at this point??

 

[LaraOnline]

Well, Russia closed trading because the numbers were looking bad... but then, they do that from time to time, don''t they?
closing trade until everybody''s ''bad feelings'' wear off a little is more accepted practice in other parts of the world, it seems... I don''t know what that does to those markets'' credibility...

 

[AGBF]

I don''t want to be picky, but isn''t nationalizing the banks enough change for one day?



Deb

 

[Harriet]

How long does he think it will take for the credit problem to be solved?

 

[Allisonfaye]

Well, the TARP program is supposed to begin next week. (That is the acronym for the bailout thing). I see that many overseas markets have halted trading. It shouldn''t take that long. But the problem in the markets now is the panic. If the credit markets show signs of life, the fears will ease.

 

[Allisonfaye]

Date: 10/9/2008 9:17:35 PM
Author: ksinger

Date: 10/9/2008 9:15:13 PM
Author: purrfectpear
So no one gets to trade because the markets are screwy? OK then

I''m thinking we caused enough of a mess...maybe we shouldn''t be suggesting what other countries should do with their economy

Yeah, like they WOULD listen to any advice from US at this point??

Well, the way I figure it is, THEY can''t figure it out. I tried to call CNBC last night. They were having this thing where they have people call in. Couldn''t get though.

 

[NewEnglandLady]

Nothing strikes up confidence in people like freezing their assets so they don''t even have access to it if they WANT to take it out--then when the markets re-open their stocks will most likely be worthless. When people are nervous about the market, they want access to their money, so shutting the market down would most likely have a very negative effect.

 

[LaraOnline]

Date: 10/10/2008 9:19:42 AM
Author: NewEnglandLady
Nothing strikes up confidence in people like freezing their assets so they don''t even have access to it if they WANT to take it out--then when the markets re-open their stocks will most likely be worthless. When people are nervous about the market, they want access to their money, so shutting the market down would most likely have a very negative effect.

Yeah, a financial friend said the exact thing to me today... that when the market re-opens, the stocks would dip worse...

 

[hibiscus]

Date: 10/9/2008 8:04:26 PM
Author:Allisonfaye
My husband came home today from his (evil corporate job) and he said they need to shut down the markets worldwide like they closed the US markets after 911. He thinks if they do this until the credit crunch is solved, they can open the markets back up again after that. He wants me to post it on the boards to get the idea out there. I would say call your Congressman but we all know they are out of session.

No way. It won''t work to close the asian market.

 

[Dancing Fire]

Date: 10/10/2008 9:47:31 AM
Author: LaraOnline

Date: 10/10/2008 9:19:42 AM
Author: NewEnglandLady
Nothing strikes up confidence in people like freezing their assets so they don''t even have access to it if they WANT to take it out--then when the markets re-open their stocks will most likely be worthless. When people are nervous about the market, they want access to their money, so shutting the market down would most likely have a very negative effect.

Yeah, a financial friend said the exact thing to me today... that when the market re-opens, the stocks would dip worse...

i agree with your friend.