Oct. 24: Stock Market Crash

ctophil · 10-23-2008, 05:05 PM

Quote:

Originally Posted by mmerlinn

We will see very shortly how accurate this assessment I made last July is correct. And ANYONE who did the same research and applied it could have made the same prediction.

Hi mmerlinn,

Thanks for clearing up things in this forum and especially my own thread. Yesterday, we all saw a huge stock market decline, and the Nasdaq and S&P 500 hit new rock-bottom records! And today, we are seeing some extreme ups and downs. At this moment, the stocks are going down again. These are all precursors to perhaps what will happen tomorrow (October 24). Overnight, we also saw massive declines in the Asian markets. So everybody...hold on tight for a wild ride this weekend!

-Phillip

warrenog · 10-23-2008, 05:11 PM

Ok, here is another question to which I cannot find an answer. I have read article after article about derivatives, collapse of the dollar, etc. Can it be explained to me on an elementary level what a derivative is and how it works?
Also, how does it affect the dollar?

10-23-2008, 05:11 PM	#2
warrenog Avalon Senior Member Join Date: Sep 2008 Posts: 14	Re: Oct. 24: Stock Market Crash Ok, here is another question to which I cannot find an answer. I have read article after article about derivatives, collapse of the dollar, etc. Can it be explained to me on an elementary level what a derivative is and how it works? Also, how does it affect the dollar?