Posted on 11/10/2008 11:41:59 AM PST by BenLurkin
(Excerpt) Read more at finance.yahoo.com ...
The worst part about that is that it’s non-union employees who will be laid off. The unionized people stay.
I am utterly disgusted.
Down another 215 at the moment.
I think we might see the higher 7000’s in 2008. Better from there, at least for a while. We could be saved by a Republican takeover of Congress in 2010.
And Smith & Wesson Holdings will do well for the next few months, too!
It will take the Obama crew a while to really screw the pooch, so I still am watching for a short term recovery (may take 3-6 months to get here) in the markets before we get “Atlas Shrugged B*tch Slapped”.
For some reason CNN is showing today's plummeting DOW in green numbers!
Guess if the market ever goes up again the numbers will change to red?
bkmk
8.93% of the markets’ total value lost in six trading days showing the market confidence in President-Elect Obama.
Ha Ha! Yes, red is now green and green red; good is evil and evil good.
And the market falling is a good indicator that the greedy and rich are getting their just desserts?
No. The greedy and rich are shorting the market making boadloads of cash while the 401k bagholders are slipping deeper and deeper in despair.
Obama will spend the next year blaming all of this on Bush and the Republicans. And he will use his clever smooth talk to repackage his allegations so they don’t become stale.
But at some point, the people will tire of his continued deflecting and shifting the blame. He will be held accountable.
It's still the W economy and the W stock market. I doubt Obama could do any worse when h gets the chance.
You do understand how stock values are determined, do you not? Stocks aren't dropping due to the actions of a lame duck president - they are dropping because investors see much less value in owning shares in a communist country. And come January, we will become just that.
Anticipating atomic wars?
“Anticipating atomic wars?”
Simply anticipating that all this newly created money has to lead to high inflation down the road. That’s the fuel for golds rise.
Dow will fall more than anyone expects. Dividend yield on the dow yesterday was 3.88%. Past bear market bottoms have been in the 6% range so I suspect we have quite a ways to go.
Dow and gold cross? Possible down this uncharted road we’re on.
You are speaking of a world with widespread civil unrest.
Not anymore ... did you see how bad they took it in the shorts today? The volatility in this market makes investing about as safe as walking into a casino.
Yes, I do, and if it weren't for the hope of W retiring soon, stocks would be a lot lower.
For someone claims to understand the stock market, you sure do ignore the obvious.
The USPS is laying off 40,000 workers but said customers will not notice.
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Really, then why were they employing 40,000 EXTRA people??
I digress.
Customers won’t notice, people will still be on a long line with people talking and laughing in the back room until some loudmouth (ME!) says “Is it possible to open another register please?” Only then do all the drones on the line say “yeah, let’s”.
Can’t wait till the government takes over healthcare.
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