"Remain calm, all is well!"
Posted on 03/05/2009 8:20:10 AM PST by Dallas59
Will the line stop going downward when it bangs into the bottom of the graph?
Gyrations? The markets have been in a freefall since the marxist became the frontrunner.
"Remain calm, all is well!"
That is one funny picture.
What an IDIOT!! P/E...and people are rushing in droves...”but the messiah said the P/E is good, we need to buy those things on that chart that spikes downward...”
Gosh, if that were Bush it would written in every history book the next day then people would sue him if the market went down!
“Will the line stop going downward when it bangs into the bottom of the graph?”
Hard to say, obama may trigger a crater effect, a first for the U.S stock market.
Remember, this is far worse than it looks. The median "holding time" for a home loan is around 7 years, so this means that about half of the mortgages written were done before the boom occurred; those are presumed safe, as there is sufficient equity that even if you lost your job you can sell for more than the outstanding balance on the note. So this means that approximately one in five mortgages written in the last seven years are either not being paid or in foreclosure.
ONE IN FIVE! With 1 out of 5 notes going back and average recovery (per HUD) being around 50 cents at best, you're talking about losses of ten percent of the total amount financed over the last seven years!
These are absolutely colossal numbers and there is no possible way for the government to backstop or "print" its way out of it. It cannot be done and if our government doesn't cut their crap out the market, which has sussed out the truth, is going to continue to pummel everyone who has any sort of debt, presuming that all debt was underwritten with similarly crappy documentation and performance characteristics.
Did Biden open his big mouth this time?
When it reaches ZERO it will stop......................along with everything else.................
My 401k is squat.
1-day Dow chart (real-time updating):
http://finance.yahoo.com/echarts?s=^DJI#chart1:symbol=^dji;range=1d;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Citibank dropped below $1
Citi under $1 and JPM new 52 week low.
Perhaps we could reinvigorate the economy by encouraging illegal aliens to buy Citi shares instead of lottery tickets.
The banks are under massive attack here.
May it go as low as it needs, to discredit the Pres ent.*
*Freeper dictionary: Pres ent, <Pres_ent, or present ;
1. President lacking id,
2. Person who voted “present” so often that he acquired a nickname from it.
As long as this clown is President there will be no recovery. He will flood Muslims into America and do what the left did in England.
I have been bashed for being a “birther’ but unless Berg, Gary Kreep, Apuzzo, Leo or somebody gets a case to SCOTUS then we are screwed. If SCOTUS says no standing then we get a military case to SCOTUS that ALL the military will know about and let them tell them no standing.
Actually it may noy stop at zero. It may go into the negative. We will then be in the TwiObamalight Zone.
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