Skip to comments.Forget the rally - stocks pummeled
Posted on 03/05/2009 9:40:35 AM PST by pissant
NEW YORK (CNNMoney.com) -- Stocks fell hard Thursday after a litany of grim developments: GM said its survival is in doubt, bank shares took a beating and Citigroup broke the buck.
Adding to the global woes: China defied expectations by failing to boost its economic stimulus program.
The Dow Jones industrial average (INDU) fell 196 points, or 2.9%, over two hours into the session. Earlier, the Dow fell as low as 6654.59, the lowest point since April 22, 1997.
(Excerpt) Read more at money.cnn.com ...
Sorry, but that's too good to pass up. Can I use it for a tagline?
His long time buddy CNBC Cramer tried to predict a long term rally yesterday, idiot!
What really puzzles me is why, at this particularly vulnerable point, we have not seen some human bombs going off at a bunch of Malls simultaneously. I think this is almost inevitable and, if any are captured, O and Holder will provide them with Counsel and 5th Amend. protections.
The World is definitely dangerous, especially since it has been literally turned upside down over the past year.
Cramer becomes a bigger buffoon by the minute!
probably people buying after the “I will buy when it closes below 7000” self prophecy happened.
He reminds me of J Fred Muggs, the Today Show Chimpanzee, who put a bunch of Brokers to shame by selecting stocks throwing darts at a list from the WSJ. His 'Picks' beat them handily!
The one minute of possible good information requires you to wade through an hour of his antics, gimmicks and ads. To me, a waste of time - Besides, if you watch it long enough your liable to have a seizure.
Absolutely! It's yours.
However it plays out, sooner or later, I agree...around 3000. It could happen very fast if everyone heads for the door at the same time....
Meanwhile the party continues in the White House.
I remember the drop in 1987....It happened so fast no one could do anything or move anything.....
Danke! Very much...
Trying to clean up the tagline
I'm really starting to believe that the collapse of the market IS Obama’s precise plan. He will destroy all wealth (opposition) in America.
I think a lot of the initial internal violence will be gangs (mostly black and hispanic) on the left and “disgruntled ‘redneck’ white folk” on the right.
I think the Muslims in this country will be treated like the German American Bund was treated back before WWII.
THEN we will have exploding muslims.
That was automation. That kind of drop won’t happen now. At least, not for the same reason.
I noticed a sudden spike in the market in the last 15 minutes. Was there an announcement of some sort?
Is it bad to hope that all of the lefties believed what Obama said and loaded up on stocks the last few days? :D
They say when you’re opponent is hurting himself, stay out of the way. I would think they’d wait til we’re on the brink of recovery.
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