Dow now down 434...? Thanks Obama!

10/15/14

[Wyatt's Torch]

I’m enjoying the buying opportunity :-)

[SIRTRIS]

Buying on the way down?

[Robert A Cook PE]

Fuel prices can’t drop the way they are without having SOME affect on the economy.

There are many, many implications to a $1.00 plus price drop.

????

Lower energy prices CREATE a better economy! (Unless you are a Saudi/OPEC/Russian apologist who WANTS more European, Japanese, American, and Indian money to GO TO the oil-soaked depots in Russia, Saudi Arabia, and OPEC ...

[SoConPubbie]

So did you stay home rather than vote for a Mormon? Romney would have shut down travel immediately. Hope you're happy with your choice.
And that POS Romney would have implemented Gay Marriage, loosened Abortion laws, implemented his own form of Socialized Medicine to replace Obamacare, and granted Amnesty by now, all with the support of the GOP thereby destroying the GOP for many, many election cycles.

In short, we don't want a Progressive Liberal, a Socialist, a Marxist, or a Communist as POTUS. Doesn't matter their party affiliation.

Give us a conservative, or GO POUND SAND!

[5thGenTexan]

Buffet says his philosophy is "be scared when others are greedy; be greedy when others are scared". Everybody looks pretty scared right now.

I am riding this one out. Last time, when Obama was reelected, I got out. It rebounded so quick that I lost money before I could get back in. Everything is in a mutual fund, so The way I think about it now is I am playing someone to balance these times out.

[mware]

Glad I don’t have shares in any airlines right now.

[5thGenTexan]

Everything is in a mutual fund, so The way I think about it now is I am playing someone to balance these times out.

Everything is in mutual funds, so the way I think about it now is I am paying someone to balance these times out.

[napscoordinator]

It will never be as bad as that horrible 1987 that resulted in a disaster for our country. Because of that day, they have controls and will just close down the stock market if it gets too bad. They got smart after the idiots in charge in 1987 destroyed our country.

[RinaseaofDs]

Patton once said, “I’d rather have three German divisions in front of me than two French ones behind me.”

I pretty much feel the same way about RINOs. They stab you in the back, and then tell you, “Must have slipped.”

[Secret Agent Man]

given the economy if anyone doesn’t think the dow is inflated/a huge bubble/overvalued, no one can help you.

[Wyatt's Torch]

There are some good buys if you look at the fundamentals.

[ladyjane]

I remember clearly when that happened. Alan Sinai was on tv that night an he looked absolutely somber. He was in shock.

[Capt. Tom]

It will never be as bad as that horrible 1987 that resulted in a disaster for our country. Because of that day, they have controls and will just close down the stock market if it gets too bad. They got smart after the idiots in charge in 1987 destroyed our country.

INVESTOPEDIA EXPLAINS 'Plunge Protection Team - PPT'
"Plunge Protection Team" was the nickname given to the Working Group by The Washington Post in 1997. The team was initially perceived by some to have been created solely to shore up the markets or even manipulate them. The team was created in response to the 1987 market crash.

[Yosemitest]

"Why Is Obama President?"

Barack Hussein Obama II, aka Barry Soetoro, is defiling the Oval Office because he made a deal with ...

Satan's
Own
Representative
Over
Sin.

[Steven Scharf]

Not nearly as bad as 1987 the second worst day in stock market history.

I made a lot of money because of the 1987 crash and I didn’t even have to invest in the market. Just went to work for the NY law firms who were representing all of the fools who were suing each other because of the debacle. Michael Millken provided lots of employment for young people like me.

I espescially need to Thank Jim Dahl for his phone call to a company they wanted to take over.

[Steven Scharf]

FYI, the market closed DJIA  -155.12 16,160.07 So much for the sky is falling rethoric on this thread.

[cuban leaf]

Don’t get me wrong. I think it is great, but it is deflationary, which is poison to our seriously indebted gov. They need inflation to keep debt from getting out of control. Deflation is, to the gov, what getting a cut in pay is to you or me. An if you’re already barely treading water...

[vpintheak]

Well, honestly, you may be on to something. Maybe a bunch of trumped up BS stocks in companies that rely heavily on government funding are tanking?
Wouldn’t that be nice?

[dfwgator]

PPT to the rescue.

[jsanders2001]

Maybe not today but the CiC’s actions have help set the table for this to happen in a very big way (hopefully I don’t need to spell ou the reasons; they should be evident to a 6th grader at this point). Whether its intentional or not it’s on his watch and from what I can tell golfing is a lot more important to him than being invaded by ISIS, illegal immigrants, or Ebola.