Posted on 06/27/2008 6:10:34 AM PDT by Eddiehaskell7
Brace Yourselves.
Hold on for a wild ride. Market opens soon.
Things could also go the other direction. There is no reasoning.
This is only the beginning.
But don’t worry.... congress will create new spending programs and that will fix everything, right?
Wall Street is ugly every day. For someone.
I don’t know if I can take 2 days in a row. I’m almost out of scotch
I am waiting for that day that dow drops below 10000...that is when I will start worrying. Right now I think we are just going up and down basically in the 11000-12000 range.
I thought yesterday was bad enough. :-)
Brother, can you spare a fifth?
Ugly in shorts maybe. Hot and humid. Should allow wall streeters and other NYC denizens the rights of Bermudas.
It’s Bush’s fault.
I recall the same was predicted for Tuesday October 20th, 1987.
We survived 1987.
But it used to be 13,000-14,000 then 12-,000-13,000.
We survived 1929 and 1987. True.
But today the dollar is worth nothing, the Fed is stuck between a rock and a hard place. They can’t spend their way out of this. Credit is already overextended and you have oil and food prices skyrocketing while housing appears to be headed for a depression.
Solutions: Get out of Iraq Now. I am sorry to say it but we no longer have the money to spend over there. Let the cards fall where they do.
Then stop spending on Illegal Immigrants and welfare for those who can work.
Take all that money and create tax breaks for businesses and working people. Especially to stimulate the manufacturing sector.
And start offshore drilling.
Sorry, but that is what it has come down to.
We are in big trouble as a country. Headed for BK if we don’t take drastic measures.
Monday is the last day of the quarter and next week is going to be a short week. The fund managers will be spending today and Monday trying to make their portfolios look as good as possible in a down market and that means probably selling some decent and stable stocks that they can show profits on.
People who can afford to and have sense will be buying, that’s my plan.
I don’t think so. Now MONDAY, IMO, could be the waterfall.
But it used to be 13,000-14,000 then 12-,000-13,000.
True...It just seems so long ago.
Sorry, the Lawyer Full Employment Act, won’t allow that for a couple of decades, at least.
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