Woohoo. DOW breaks 9000 - in the wrong direction

CNN | 10/9/08 | staff

[pissant]

8995. Wow, I'm impressed how well socialism has helped the markets.

[ArrogantBustard]

TC = me ... It's my tank!

That's how volunteer regiments worked in the Civil War.

You raise a regiment, you get to be Colonel.

[Cedar]

All this massive selling....but who is massively buying? Someone is.

I think the entire stock market has been in a bubble for some time now. Maybe this is just a major correction.

[meyer]

When it hits mad max, I’m selling...

[buccaneer81]

If no one can afford clothes, I guess I'll be forced to live among half-naked women.

[BGHater]

Indeed. It is amazing to watch.

Like staring at a campfire on a cold winter night.

There is similar dangers. Put your hand in and you will get burned.

However, if you understand the fire it will provide heat, cook your food and allow you to survive.

Much like understanding the market. Except the Gov’t wants to put water on the fire.

[pissant]

Yep.

Like Michael Reagan said, here is the American Reaganite Capitalist conservative who republicans should have known to trust...

[politicket]

There’s lots of support at 8,600. If it free falls past that tomorrow then that’s the signal that we’re too late for any fixes.

[DannyTN]

"Can someone contact that group that was praying at gas stations to lower the cost of fuel?"

I don't know if thats a case of "be careful what you ask for" or "pray more specifically".

[pissant]

It is the world market reacting EXTREMEMLY negatively to the socialization of American Capitalism.

[swarthyguy]

Especially when starvation diets make even heifers attractive.

[BGHater]

The PPT is buying.

[politicket]

Can anyone say “Fed pump” into the closing minutes?

[GOPJ]

"January 4, 2007 (the day Democrats regained control of Congress): DOW 12,480"

I think you've found a nice tagline there...

[RobRoy]

>>All this massive selling....but who is massively buying? Someone is.<<

People are still buying homes...

[Lazamataz]

The best part about the economic meltdown is that women will get thin and hot-looking.

[Danae]

Wow, I heard rumors you were back, how did you do it?

[TADSLOS]

Damn. Now I am depressed after that post. LOL! Oh, well, back to the reloading bench. There’s gonna be more zombies than I thought.

[swarthyguy]

"FED pump"

Anything like this?

[Lazamataz]

The PPT can cause minor upticks.

But the trend is death-spiral.

[atomicweeder]

Based upon historical data, the S&P 500 should be at 820 (based upon avg. growth 1950-1980).

Interesting. That's 47% off its high. I don't look at S&P -- tend to focus on DOW - but I predict DOW to go to ~7700 which is 45% off its high. So our numbers are pretty close.

My wife wanted to invest yesterday, I told her to wait for 7700.