Has the New Tech Bubble Burst? - U2 Feedback

Go Back   U2 Feedback > Lypton Village > Free Your Mind > Free Your Mind Archive
Click Here to Login
 
 
Thread Tools Search this Thread Display Modes
 
Old 02-01-2006, 08:30 AM   #1
Blue Crack Addict
 
nbcrusader's Avatar
 
Join Date: Aug 2002
Location: Southern California
Posts: 22,071
Local Time: 11:09 AM
Has the New Tech Bubble Burst?

Google Falls 16%

Quote:
A sudden chill fell on Google's red-hot share price on Tuesday as the stock market's latest internet darling unveiled earnings that for the first time failed to far exceed Wall Street expectations.

The search engine company's shares slumped by more than 16 per cent in after-hours trading, wiping more than $20bn from its stock market value.
__________________

nbcrusader is offline  
Old 02-01-2006, 08:36 AM   #2
ONE
love, blood, life
 
A_Wanderer's Avatar
 
Join Date: Jan 2004
Location: The Wild West
Posts: 12,518
Local Time: 05:09 AM
Interesting, and just after they began pursuing a slightly evil policy too - what a coincidence.
__________________

A_Wanderer is offline  
Old 02-01-2006, 08:38 AM   #3
Blue Crack Addict
 
Liesje's Avatar
 
Join Date: Mar 2002
Location: In the dog house
Posts: 19,563
Local Time: 03:09 PM
Quote:
Originally posted by A_Wanderer
Interesting, and just after they began pursuing a slightly evil policy too - what a coincidence.
totally
Liesje is offline  
Old 02-01-2006, 10:55 AM   #4
ONE
love, blood, life
 
MrBrau1's Avatar
 
Join Date: Aug 2000
Location: Verplexed in Vermont
Posts: 10,436
Local Time: 02:09 PM
I'm more concerned about the housing bubble. ALOT of people are gonna be fucked.
__________________
"If you needed my autograph, I'd give it to you." Bob Dylan
MrBrau1 is offline  
Old 02-01-2006, 12:21 PM   #5
Blue Crack Addict
 
deep's Avatar
 
Join Date: Apr 2002
Location: A far distance down.
Posts: 28,600
Local Time: 11:09 AM
I can't believe I did not move $200,000 into google before this happened?

My timing is usually impeccable.
deep is offline  
Old 02-01-2006, 12:34 PM   #6
Rock n' Roll Doggie
ALL ACCESS
 
Justin24's Avatar
 
Join Date: Oct 2005
Location: San Mateo
Posts: 6,716
Local Time: 12:09 PM
I see another bubble bursting. It was bad when it first happened here in the Bay Area. I think Google just fucked themselfs.
Justin24 is offline  
Old 02-01-2006, 12:40 PM   #7
Rock n' Roll Doggie
 
randhail's Avatar
 
Join Date: Mar 2005
Location: Outside Providence
Posts: 3,560
Local Time: 02:09 PM
I'm not even close to being a market expert, but other than Google what tech stocks are seemingly absurdly high or inflated? Is Google really that powerful to bring other stocks down with it?

I can't wait for that housing market bubble to burst. I'll be a potential buyer in short time and want there to be a glut of houses out there at cheaper prices.
randhail is offline  
Old 02-01-2006, 02:22 PM   #8
ONE
love, blood, life
 
MrBrau1's Avatar
 
Join Date: Aug 2000
Location: Verplexed in Vermont
Posts: 10,436
Local Time: 02:09 PM
Quote:
Originally posted by randhail
I can't wait for that housing market bubble to burst. I'll be a potential buyer in short time and want there to be a glut of houses out there at cheaper prices.
Wait until 2007 and 2008 when all those ARM loans start adjusting up. It's going to be a bloodbath.

I'll be primed to buy with my 20% down payment.

My bigger concern is it's effect on the overall economy. Cheap loans and 100% appreciation have been propping the US economy up. A rash of foreclosures could kill it. Depression, not recession.
__________________
"If you needed my autograph, I'd give it to you." Bob Dylan
MrBrau1 is offline  
Old 02-01-2006, 02:24 PM   #9
Blue Crack Supplier
 
Irvine511's Avatar
 
Join Date: Dec 2003
Location: Washington, DC
Posts: 32,367
Local Time: 03:09 PM
Quote:
Originally posted by MrBrau1
My bigger concern is it's effect on the overall economy. Cheap loans and 100% appreciation have been propping the US economy up. A rash of foreclosures could kill it. Depression, not recession.


why do you hate freedom?
Irvine511 is online now  
Old 02-01-2006, 03:00 PM   #10
ONE
love, blood, life
 
MrBrau1's Avatar
 
Join Date: Aug 2000
Location: Verplexed in Vermont
Posts: 10,436
Local Time: 02:09 PM
Quote:
Originally posted by Irvine511




why do you hate freedom?


NYC Mayor Bloomberg hates freedom too.

He's predicting 10% price drops and 14% sales drops in NYC.

ALOT of people who think they're rich, are about to find out they're poor.



Hooray for $0 debt!
__________________
"If you needed my autograph, I'd give it to you." Bob Dylan
MrBrau1 is offline  
Old 02-01-2006, 03:25 PM   #11
Blue Crack Addict
 
nbcrusader's Avatar
 
Join Date: Aug 2002
Location: Southern California
Posts: 22,071
Local Time: 11:09 AM
Quote:
Originally posted by MrBrau1
My bigger concern is it's effect on the overall economy. Cheap loans and 100% appreciation have been propping the US economy up. A rash of foreclosures could kill it. Depression, not recession.
Interest rates have been rising for over a year. Some people will be at risk if they jumped on an overpriced property. Though it is usually done with the expectation that the home will continue to grow in value (with big profit in mind).

But the vast majority of homeowners are far better off today than they were 5-10 years ago - even with a price drop.

The factors leading to a depression are not in sight.
nbcrusader is offline  
Old 02-01-2006, 03:29 PM   #12
Blue Crack Addict
 
deep's Avatar
 
Join Date: Apr 2002
Location: A far distance down.
Posts: 28,600
Local Time: 11:09 AM
Quote:
Originally posted by nbcrusader


Interest rates have been rising for over a year. Some people will be at risk if they jumped on an overpriced property. Though it is usually done with the expectation that the home will continue to grow in value (with big profit in mind).

But the vast majority of homeowners are far better off today than they were 5-10 years ago - even with a price drop.

The factors leading to a depression are not in sight.
National Association of Realtors

check is in the mail
deep is offline  
Old 02-01-2006, 03:41 PM   #13
ONE
love, blood, life
 
MrBrau1's Avatar
 
Join Date: Aug 2000
Location: Verplexed in Vermont
Posts: 10,436
Local Time: 02:09 PM
Savings Rate at Lowest Level Since 1933

http://news.yahoo.com/s/ap/20060130/...NlYwN5bmNhdA--
__________________
"If you needed my autograph, I'd give it to you." Bob Dylan
MrBrau1 is offline  
Old 02-01-2006, 03:44 PM   #14
Blue Crack Addict
 
nbcrusader's Avatar
 
Join Date: Aug 2002
Location: Southern California
Posts: 22,071
Local Time: 11:09 AM
Quote:
Originally posted by deep


National Association of Realtors

check is in the mail
I hope they don't dock you too much.
nbcrusader is offline  
Old 02-01-2006, 03:45 PM   #15
ONE
love, blood, life
 
MrBrau1's Avatar
 
Join Date: Aug 2000
Location: Verplexed in Vermont
Posts: 10,436
Local Time: 02:09 PM
MA foreclosure cases hit 12-year high

http://www.boston.com/realestate/new...zes_borrowers/
__________________
"If you needed my autograph, I'd give it to you." Bob Dylan
MrBrau1 is offline  
Old 02-01-2006, 03:47 PM   #16
Blue Crack Addict
 
nbcrusader's Avatar
 
Join Date: Aug 2002
Location: Southern California
Posts: 22,071
Local Time: 11:09 AM
It is clear that our consumer appetite causes many to live beyond their means. Today's generations want what their parents have, without spending the time to build savings first.
nbcrusader is offline  
Old 02-01-2006, 03:59 PM   #17
Forum Moderator
 
yolland's Avatar
 
Join Date: Aug 2004
Posts: 7,471
Local Time: 08:09 PM
^^

"Do not put a stumbling block in front of a blind man" (Lev 19:14).

And one contemporary rabbi's interpretation of this:
Quote:
When a person seeks advice, he has a right to expect that the guidance being offered is intended solely for his benefit. If, for some reason, his advisor feels incapable of offering neutral advice he is obligated to explain why or to offer no advice at all...it is forbidden to pretend to help someone by giving advice, when that advice is actually intended to benefit the person offering it.
Brazen and unrealistic incompatibility with free market values and an ethos of individual responsibility, or a collective ethical challenge worth taking on?
yolland is offline  
Old 02-01-2006, 04:06 PM   #18
Blue Crack Addict
 
nbcrusader's Avatar
 
Join Date: Aug 2002
Location: Southern California
Posts: 22,071
Local Time: 11:09 AM
Quote:
Originally posted by yolland
Brazen and unrealistic incompatibility with free market values and an ethos of individual responsibility, or a collective ethical challenge worth taking on?
Definitely an ethical challenge worth working on (though, you better drop the biblical reference ).

We currently have rules and regulations regarding fiduciary responsibilities. The more challenging part of these rules is the ability to show that a loss was due to a breach of fiduciary responsibility, instead of other market forces.
nbcrusader is offline  
Old 02-01-2006, 04:09 PM   #19
Blue Crack Addict
 
deep's Avatar
 
Join Date: Apr 2002
Location: A far distance down.
Posts: 28,600
Local Time: 11:09 AM
Quote:
Originally posted by nbcrusader


I hope they don't dock you too much.
It's all just a money-go-round

Markets move
and money is made.
deep is offline  
Old 02-01-2006, 04:12 PM   #20
Blue Crack Addict
 
deep's Avatar
 
Join Date: Apr 2002
Location: A far distance down.
Posts: 28,600
Local Time: 11:09 AM
Quote:
Originally posted by nbcrusader
It is clear that our consumer appetite causes many to live beyond their means. Today's generations want what their parents have, without spending the time to build savings first.
you may recall

after 911

the President's first advice

go spend money.


I think America is consuming way too much
and I am more guilty than most.

I don't need a Plasma TV
I don't need a new second car

but I may buy them both, soon
__________________

deep is offline  
 

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -5. The time now is 02:09 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Design, images and all things inclusive copyright © Interference.com
×