08-08-2011, 12:18 PM | #16 | |
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I remember when Chrysler first started offering vehicles that would run on any combination of ethanol/gas up to E85 - the engines didn't require any significant changes. The primary change was the addition of a sensor that could detect the percentage of ethanol in the fuel and upgraded fuel lines to deal with the corrosive properties of ethanol. |
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08-08-2011, 12:21 PM | #17 | |
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The Dow Jones if off by about 400 points as I type this and the NASDAQ is getting hit even harder in perrcentage terms. No worries though, the President says America is still a AAA country. |
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08-08-2011, 12:23 PM | #18 |
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Hello, 401k.....hello?...hello?.....where have you gone?
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08-08-2011, 02:35 PM | #19 | |
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Bank of America drops 20% in a single day
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08-08-2011, 02:43 PM | #20 |
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Market finished down 634 points
If last week wasn't bad enough the market fell an additional 634 points today - the worse decline since the credit crisis of 2008.
I've read some interesting reports that S&P may have actually botched their analysis when they downgraded the U.S. debt but they've refused to change their debt rating. (It's alleged they made a $2 Trillion error when estimating the future levels of the national debt.) Regardless, the decline in the stock market is real and the "fear factor" is on the climb again. That's not good news for the car market.... |
08-08-2011, 05:05 PM | #21 |
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Its scary, but this is also when some people will make some money. If you ever wanted to buy an expensive stock, this is your time. It will come back, and there is money to make.
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08-08-2011, 06:35 PM | #22 |
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The best advice I ever heard from a old car guy. Money is only lost if you sell. I think it applies to days like today perfectly.
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08-08-2011, 06:40 PM | #23 |
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Ouch! I just looked at my 401K. I lost $2,000 in a week! Screw you S&P.
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08-09-2011, 11:10 PM | #24 | |
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Bank of America's stock was up $1.09 today - an increase of almost 17%. |
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08-09-2011, 11:13 PM | #25 | |
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On a side note, I agree with the "Screw you S&P" comment. As I've stated before if Moody's and S&P had been doing their jobs the whole real estate bubble and collapse would have never happened. |
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08-10-2011, 06:33 AM | #26 |
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08-10-2011, 10:57 AM | #27 |
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The stock market predicted 9 recessions & we’ve only had 5.
The price has fallen on profitable companies that have more cash than debt. The average stock buyers buys at the high & sells at the low. Good fundamentals coupled w/ a decent timeline will still make money. |
08-10-2011, 03:40 PM | #28 |
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Down 530 today......ouch! Rollercoasters make me sick
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08-10-2011, 05:53 PM | #29 |
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My only regret is the limited monies I have to buy with right now! This "correction" will pay off down the road, and if it doesn't, we are in more than economic trouble.
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08-11-2011, 06:41 AM | #30 | |
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