Bye Bye Banks and Wall Street

[Morrigoon]

Okay, so the 700-point drop is affecting me right now at this very moment. It's scaring my company's potential customers off pursuing real estate right now, and therefore they don't need what I'm selling (access to foreclosure database). So my performance and commissions are being directly affected.

There, proof that this does affect people directly, even if only because of the effect the emotions have on everything else that happens.

Of course, sales suck in a bad market anyway... just worse when what you're selling relates to one or more of the markets in trouble.

[Moonliner]

Originally Posted by Morrigoon

Okay, so the 700-point drop is affecting me right now at this very moment. It's scaring my company's potential customers off pursuing real estate right now, and therefore they don't need what I'm selling (access to foreclosure database). So my performance and commissions are being directly affected.

There, proof that this does affect people directly, even if only because of the effect the emotions have on everything else that happens.

Of course, sales suck in a bad market anyway... just worse when what you're selling relates to one or more of the markets in trouble.

In the last three hours? I doubt that. The crisis as a whole is causing that effect not a one day drop in the market. The drop is a symptom not the disease.

[Ghoulish Delight]

Originally Posted by Moonliner

In the last three hours? I doubt that. The crisis as a whole is causing that effect not a one day drop in the market. The drop is a symptom not the disease.

I was bitten by a mosquito couple weeks ago. I've started to develop a headache, and now nausea. Oh, and just today, my fever spiked to 103!

But hey, fevers break, it's just a symptom, so I shouldn't really worry.

[Moonliner]

Originally Posted by Ghoulish Delight

I was bitten by a mosquito couple weeks ago. I've started to develop a headache, and now nausea. Oh, and just today, my fever spiked to 103!

But hey, fevers break, it's just a symptom, so I shouldn't really worry.

OK, so go with the idea that Goonies entire business has crashed in the last few hours just due to this one day drop in the market. I expect she'll be rolling in it as soon as the market recovers the 700 points.

[Ghoulish Delight]

Originally Posted by Moonliner

OK, so go with the idea that Goonies entire business has crashed in the last few hours just due to this one day drop in the market. I expect she'll be rolling in it as soon as the market recovers the 700 points.

I was more talking in the context of Kevy's post. I understand that the drop in the stock market has particular instantaneous effect, but that doesn't mean it's "just crap on paper".

[sleepyjeff]

Originally Posted by innerSpaceman

That's not about to make me trust the wolves to suddenly guard the henhouse better. Congress? The Federal Reserve? The Treasury Department? The Administration? Oh, and add-in the Wall Street firms who would manage the re-packaging of the deabbeat mortgage debts for purchase by the government.

Makes sense to me.......who'd hire an arsonist for the Fire Dept?