Dow Jones down to 8,580 - How does it affect domains?

[shinysign]

I know that this has been talked about on other threads especially recently. But overall, how do you think this news affects domain sales? I have a feeling that when it comes to domains it will affect domainers and end users differently.

 

[shockie]

hm, let's see... everyone's more worried about their finances and are spending less so... this obviously predicts more domain sales and of higher values too... :hehe:

 

[nrmillions]

i think the value of domains are going down so it is a good time to be a buyer but a bad time to be a seller.

 

[Traveler]

I think there are going to be some great buying opportunities in the months and possibly years ahead.

 

[clickcents]

some price drop may be there for premium domains..but long term ,it will come back with double effect..so dont believe in speculation..believe in patience..

 

[kong707]

Dow Jones will be down below 8000 level . In 1930 crisis, there was 90% slump in the Dow Jones. From the peak , DJI was down for around 40% . We still have a long way down to see.

 

[metronome]

Dow Jones will be down below 8000 level . In 1930 crisis, there was 90% slump in the Dow Jones. From the peak , DJI was down for around 40% . We still have a long way down to see.

I will have to remind myself to buy a lot of US stocks after the DJI goes down 50% more:D. (after that I think I should pray the stocks will increase in value in the future~~)

 

[DotWeekly]

Dow Jones will be down below 8000 level . In 1930 crisis, there was 90% slump in the Dow Jones. From the peak , DJI was down for around 40% . We still have a long way down to see.

It's almost there!!! 8,088.48

They were just talking about it going below 10,000 the start of this week.

 

[-REECE-]

To a certain extent, it's important to factor where you live into the equation. Here in Canada, the CDN is down about 12% in the last 3 weeks versus the USD and I've heard in Australia the AUD is down a whole lot more than that versus the USD over the past few months. For some of us the USD has appreciated so much versus our currency lately that it completely negates any effect on domain prices we've experienced.

 

[shinysign]

Crazy. I remember it being a big deal when the Dow went below 10,000 about 4 years ago. But it went back up again so that's a good sign.

But on the upside, my grandma said that she has been through 5 economic crisises of varying severity and that well, she got through them. So unless this is the end of all economics in America, we can just wait it out.

 

[-REECE-]

"These are days when many are discouraged. In the 93 years of my life, depressions have come and gone. Prosperity has always returned and will again." -- John D. Rockefeller

Crazy. I remember it being a big deal when the Dow went below 10,000 about 4 years ago. But it went back up again so that's a good sign.

But on the upside, my grandma said that she has been through 5 economic crisises of varying severity and that well, she got through them. So unless this is the end of all economics in America, we can just wait it out.

 

[Spade]

<removed>

As Reece was typing the quote, I was looking it up. Beat me by a few minutes. LoL. Stop reading my mind Reece!

 

[homebuyer]

Sure, Buddy

"These are days when many are discouraged. In the 93 years of my life, depressions have come and gone. Prosperity has always returned and will again." -- John D. Rockefeller

If a man like him loses 90% of his assets, he's still rich and can eat well. The working stiff, on the other hand, would be wiped out, his family would suffer, and they'd face the real possibility of starving to death before any markets rebounded.

If the next time I am on a jet and it runs out of fuel in midair, should I take comfort in knowing that there is a full-service prosperous gas station on the ground?

Try standing in a sealed room as all the air is sucked out. Should you take comfort in knowing that some day someone will open the windows and doors?

 

[-REECE-]

I don't mean to sound callous, but if your average working class American spent one tenth as much time following the stock market as they spend watching Monday night football, they would have seen this coming a long, long time ago -- I certainly did.

If a man like him loses 90% of his assets, he's still rich and can eat well. The working stiff, on the other hand, would be wiped out, his family would suffer, and they'd face the real possibility of starving to death before any markets rebounded.

If the next time I am on a jet and it runs out of fuel in midair, should I take comfort in knowing that there is a full-service prosperous gas station on the ground?

Try standing in a sealed room as all the air is sucked out. Should you take comfort in knowing that some day someone will open the windows and doors?

 

[homebuyer]

Me Too

I don't mean to sound callous, but if your average working class American spent one tenth as much time following the stock market as they spend watching Monday night football, they would have seen this coming a long, long time ago -- I certainly did.

I don't think the average American watches Monday night football, but I get your point - football, basketball, QVC, soaps, Deal or No Deal, Prison Break, etc. For me, I stopped liking football when I was in the 8th grade and was running towards the goal line with the ball, saw three of the meanest bullies chasing me, qucikly tossed one of them the ball so they'd stop chasing me, and got viciously tackled anyway. So I learned to keep my eye on the ball no matter who had it.

Yes, I saw it coming too. I had a site up briefly (propertyblog), predicting the foreclosure crisis and things to come. Nobody cared so I took it down but acted on what I foresaw anyway. For now, my assets are safe. Now that's not to say that they'll be worth much if the dollar becomes worthless, although I might invest in some wheelbarrows since these are usually the way people cart around money when the currency collapses.

Too sum it up, I think that some people either live in denial, or wear blinders when facing meaningful issues. No one wants to believe that it can happen to them. This is especially true for those who have never faced real hardships in life.

 

[-REECE-]

I've been telling friends and family to liquidate most of their stock holdings for a couple months now... Their answer "There's no point, it'll go back up eventually".

Is that how your average person thinks? Why wouldn't you sell out, wait until the market bottoms out and then buy back in? Seems like common sense to me.

I don't think the average American watches Monday night football, but I get your point - football, basketball, QVC, soaps, Deal or No Deal, Prison Break, etc. For me, I stopped liking football when I was in the 8th grade and was running towards the goal line with the ball, saw three of the meanest bullies chasing me, qucikly tossed one of them the ball so they'd stop chasing me, and got viciously tackled anyway. So I learned to keep my eye on the ball no matter who had it.

Yes, I saw it coming too. I had a site up briefly (propertyblog), predicting the foreclosure crisis and things to come. Nobody cared so I took it down but acted on what I foresaw anyway. For now, my assets are safe. Now that's not to say that they'll be worth much if the dollar becomes worthless, although I might invest in some wheelbarrows since these are usually the way people cart around money when the currency collapses.

Too sum it up, I think that some people either live in denial, or wear blinders when facing meaningful issues. No one wants to believe that it can happen to them. This is especially true for those who have never faced real hardships in life.

 

[OctaneInv]

I've been telling friends and family to liquidate most of their stock holdings for a couple months now... Their answer "There's no point, it'll go back up eventually".

Is that how your average person thinks? Why wouldn't you sell out, wait until the market bottoms out and then buy back in? Seems like common sense to me.

They're right though. For the "average" person, this is so true. To them, it's not that easy, and it's a hassle to buy/sell, buy/sell, buy/sell. The markets go up, they go down.

FYI: The DOW is only down 2 points, NASDAQ up 11, and the S&P 500 only down 8.

We need to relax and hold or buy.

 

[Traveler]

"These are days when many are discouraged. In the 93 years of my life, depressions have come and gone. Prosperity has always returned and will again." -- John D. Rockefeller

Funny you would quote that. You do realize the Rockefellers are one of the families behind the FED, which is not Federal nor a Reserve, but it is the source of the economic crisis we are facing today.

 

[-REECE-]

Oh yes.

And after this bust is over we'll have another boom just like we always do. 10 years from now people will be talking like it's '99 again, Mom and Pop will want to be in the latest biotech stocks and then, soon after, we'll probably have another bust again.

Honestly, the man's a genius. Creating booms and busts is the perfect way to make anyone rich who plays their cards right.

Funny you would quote that. You do realize the Rockefellers are one of the families behind the FED, which is not Federal nor a Reserve, but it is the source of the economic crisis we are facing today.

 

[Compassion]

Oh yes.

And after this bust is over we'll have another boom just like we always do. 10 years from now people will be talking like it's '99 again, Mom and Pop will want to be in the latest biotech stocks and then, soon after, we'll probably have another bust again.

Honestly, the man's a genius. Creating booms and busts is the perfect way to make anyone rich who plays their cards right.

It's pretty easy to utilize creative genius when your family owns the central banks.