Posted on 02/17/2009 6:59:48 AM PST by wny
How bout a magic trick....(chuckle)
Wall Street knows the difference between S-— and Shinola!
If a (R) was in the White House, it'd be "Stocks Plummet..."
Hey look on the bright side, the day is not over yet....**sigh**
Democrat Crash of 2009
If it was a Republican, they’d being showing a ‘side by side’ shot of the market tanking as the Republican President was speaking....oh, wait,...they did that to Bush all the time....
If nothing else, the Dubya era ended any rational debate related to Mainstream Media bias.
The PPT and the rest of the merry band will step in. The Dow at 8K will probably be a standard for a while :(
I predicted 7600 back on Friday.
Just the beginning...
By Summer 5000 dow
This is a good thing. The Market has been overinflated for quite some time. Just check out the PE ratios for the S&P.
Democrash™
Today’s reaction is more probably tied to the severe dislocations occurring in Europe, triggered by what went on in Asia over our weekend...which was pretty dramatic. But, not to split hairs.
Markets are going to go where they have to go. They are bigger than any government effort to ringfence them. In its zeal to provide for our common welfare, government will, once again, wring every conceivable means of profitability out of capitalism. In doing so, wasteful, functionless/negative-functioning, and insider-dealing entities will have become the profit centers of the system; but only for a select few. At which point, it will make litle sense to conclude that for-profit companies will be able to generate profits anything like they once did. So, the decimation in the markets is nothing but logical. Indeed, the markets will relentlessly outwit the incompetents running the joint.
I think the DOW will drop below 7500 today.
U.S. MOST ACTIVE BY VOLUME
| PRICE | %CHANGE | VOLUME | |
| SIRIUS XM RADIO | 0.1999 | 90.56 | 59930084 |
This definitely ain't shoe polish!
“I predicted 7600 back on Friday.”
I predict 6900 will be the bottom when it tanks in June....hey, I can speculate as good as anyone else!
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