Crash of stock market prices can be expected from time to time as markets correct themselves following false highs but what happened that October began an economic downturn that lasted for years. Starting on the Thursday October 24th, 1929 crash of stock market confidence became even worse on the following Monday and Tuesday. While the opening and closing prices clearly refer to the price at the opening or closing of the stock exchange each day the bid and ask ones perhaps are not so obvious. The easiest way to remember is to realize they are stated from the brokers point of view. This means that the ask price is the price being asked for by the broker and the bid is what they will bid for any stock you wish to sell. For those who have decided that they would like to go for the full blooded approach of buying stocks and shares directly they need to have between $3,000 and $5,000 if they want to use a full service stock broker. There are a few brokers who will consider investments of less but they will need seeking out. But before picking up the phone it's a good idea to make sure you are going to present your application in the best possible way. Begin by listing every item of outstanding credit you have. This will ensure you don't forget anything and have to go back to the bank later. Secondly if you have any past due payments on your credit record make certain that you have a good explanation as to why it happened. Once you've got that figure you need to work out the cost of your consolidation loan. At least with that you will have a rough idea in advance. All you have to do is multiply the monthly repayment by the term of the loan. Having done that it is simply a case of taking the bill consolidation figure from the credit card cost. More especially so if you have chosen one of the latest style ones. One reason for this is because with all the abbreviations that the financial markets use you can sometimes find that you are looking for the wrong definition. That could be a major problem when your investments are at stake! Of course this is the age of the internet so as an alternative to books you can search for financial and stock market terminology online.