Posted on 10/09/2008 12:05:59 PM PDT by pissant
8995. Wow, I'm impressed how well socialism has helped the markets.
Funny how the precipitous drop in the stock markets after they passed the “critical”, “urgent” socialist boondoggle ‘rescue’ has made them hungry fo more counterproductive socialist boondoggles, like acquiring part ownership of the banks.
Wall St. is in the process of selling $700 billion dollars worth of stock they just bought a few days ago. Poof! The money’s all gone!
Now off to the resort!
What number will represent the bottom?
Please no lectures on how you can’t time the market or that the bailout didn’t work. Just answer the question if you have an opinion.
CDS and MBS chickens coming home to roost, perhaps?
LOL. Thanks for the humorous sidebar. It was needed today.
Once I built a railroad, I made it run,
Made it race against time.
Once I built a railroad, now it’s done —
Brother, can you spare a dime?
What number will represent the bottom?
Please no lectures on how you can’t time the market or that the bailout didn’t work. Just answer the question if you have an opinion.
Socialism and Soros.
Okay, let’s all put our tin foil hats on . . .
A fellow at work has a wife who works in the financial industry. She is beginning to wonder if the market is being manipulated by folks who wish us ill - Islam, EEC? If it’s the EEC, it would be cutting off their nose to spite their face, but there’s a lot of bucks running around Islamic countries.
Down down down derry down down down
I’ve seen two levels suggested as bottoms: 7800-8000 and somewhere around 5500.
I only report what I’ve seen. I don’t think we can know.
The stunner is that the Dow dropped below 10000 just this Monday.
That's my historic parallel, and I am sticking to it.
There is a certain level of BDS on FR too...
anything but putting the blame squarely where it belongs..
The sooner the Gov’t gets out of the way and lets the housing prices find a bottom the sooner we can get out of this.
Not sure on the bottom. I was looking at 7500 to really put into the market, I may wait until later.
Yep! You’re sooo right...Pissant is confused.
FOX News just reported that one third of auto loan applications in the past week were denied.
If they killed the bailout tomorrow, the markets would gain 1000 immediately (large bank stocks might not share in the joy).
It seems like just a couple of days ago it had gone above 10,000 again.
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