Our financial system is crumbling this week.

[AWvsCBsteeeerike3]

I wish I knew more about how to trade stocks.

They allowed short selling again today and with the world markets getting pummeled, you knew the US wasn't going to have a great day.

BTW, how does short selling work?

[sighyoung]

Minutes into trading, and we're already below 8000.

Bounce, you effers.

Well, back to over 8300. Hope it stays up.

[TimeForGuinness]

Minutes into trading, and we're already below 8000.

Bounce, you effers.

Listen to pop

[Hungary Jack]

With stock prices at the current level, I wonder what the P/E ratios are for the trailing 12 months. Stock prices must be incredibly cheap right now based on earnings ratios. At some point, after the smoke clears, stock prices will rise dramatically. I wish I knew when...

[sighyoung]

Back over 8500.

[cardinalkarp]

Wild times!

[Hungary Jack]

This is a bit late in the thread, and may have already been posted, but I think it provides a good synopsis of the problem. The solution, alas, is less clear.

Cochrane

[AWvsCBsteeeerike3]

This is a bit late in the thread, and may have already been posted, but I think it provides a good synopsis of the problem. The solution, alas, is less clear.

Cochrane

Where would we be without the bailout right now?

[clevername]

I've stayed out of this thread because I know jack squat about it, but I'd think right about now would be a good time to buy stocks, wouldn't it?

I wish I knew what to buy. Never done it before.

[Hungary Jack]

This is a bit late in the thread, and may have already been posted, but I think it provides a good synopsis of the problem. The solution, alas, is less clear.

Cochrane

Where would we be without the bailout right now?

Same place we are now, probably.

The bailout plan really has not been implemented yet, to my knowledge. It will probably take several weeks to ramp it up. But I doubt it will have much effect on the stock market either way. Investors are in a panic right now.