Comments on: Dow Plunges 500 Points Amid Financial Meltdown

By: Blain Reinkensmeyer

Blain Reinkensmeyer — Tue, 16 Sep 2008 03:49:17 +0000

Frame it and you have a piece of financial history

By: Blain Reinkensmeyer

Blain Reinkensmeyer — Tue, 16 Sep 2008 03:48:11 +0000

Could be a very good prospect! I am really curious to see what happens with the markets tomorrow. Could there really be another large sell off?

By: rhinodude47

rhinodude47 — Tue, 16 Sep 2008 03:45:46 +0000

“My thought process, borrowed from a buddy, is that if they fail I want to get a letter from the fed telling me how everything is going to be OK. It’s worth the $20 to be part of something special ” Sounds like a good plan! You should keep the letter as memorabilia.

UBS is another good prospect for collapse. I agree, no one is safe.

By: The Stock Speculator

The Stock Speculator — Tue, 16 Sep 2008 00:15:59 +0000

In addition tothe suspects listed above, I am also hearing whispers of UBS. I don’t think there is a sacred cow in this sector anymore that is untouchable. Just a month ago GS were the “smartest guys in the sector.” Now their stock is trading at 2006 levels.

I could be wrong, but if GS and JPM don’t join forces and become lenders of last resort for AIG, tomorrow may be worse than today. I don’t know how the market will receive a rate cut and I don’t know how the market will respond if we don’t get one.

About 3 months ago I closed my accounts out at WAMU, but I have some cash left in one. My thought process, borrowed from a buddy, is that if they fail I want to get a letter from the fed telling me how everything is going to be OK. It’s worth the $20 to be part of something special

By: Matt

Matt — Mon, 15 Sep 2008 23:27:30 +0000

As for what company is next, Washington Mutual closed at $2 even which seems like a good prospect

By: Matt

Matt — Mon, 15 Sep 2008 23:26:21 +0000

That guy says it all, all I wonder if what will happen tomorrow.