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US Stocks Drop on Greenspan Comments, Subprime Jitters
Marketwatch ^ | Dec. 17, 2007 | Marketwatch

Posted on 12/17/2007 12:15:39 PM PST by SamuraiScot

NEW YORK (MarketWatch) -- U.S. stocks traded at their lowest in more than two weeks Monday, pulling back as Moody's Investors Services warned it could lower bond-insurer credit ratings because of subprime losses and as a former Federal Reserve chairman warned of the possibility of a recession.

(Excerpt) Read more at etrade.wallst.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: attentionwhore; greenspan; stocks; subprime
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To: NormsRevenge

“at least we know what Andrea keeps in her lockbox.”

Most likely the pool boy.


21 posted on 12/17/2007 12:37:23 PM PST by Beagle8U (FreeRepublic -- One stop shopping ....... Its the Conservative Super WalMart for news .)
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To: SamuraiScot
In the year since the dims regained control of Congress a vibrant housing market has gone into recession, crude oil has doubled in price yet without any major hurricanes, and rumors are that the stock market is tanking sending the world into a recession.

People are taking notice--which is rather shocking...but nice the dims are no longer America's saviors.

22 posted on 12/17/2007 12:42:24 PM PST by BlabItGrabIt (Why has gasoline gone up over $1/gal since dims took Congress???)
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To: SamuraiScot
Shut up, Greenschpahn!

You're just trolling for a top job in a Democrat or Rooty administration!

Go build tarpaper shacks with Jimmie Kahtah.

23 posted on 12/17/2007 12:44:58 PM PST by fweingart (Life's a bitch. So why vote for one?)
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To: BlabItGrabIt
In the year since the dims regained control of Congress a vibrant housing market has gone into recession, crude oil has doubled in price yet without any major hurricanes, and rumors are that the stock market is tanking sending the world into a recession.

The Republicans should use this in their campaigns. Turn it right back around on the Democrats.

24 posted on 12/17/2007 1:00:06 PM PST by Jeff Chandler ("Liberals want to save the world for the children they aren't having." -Mark Steyn)
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To: Finalapproach29er

Better still it is time for the glue factory. CNBC quotes this guy like he was some kind of god.

Give it a rest you old fart.


25 posted on 12/17/2007 1:13:09 PM PST by lone star annie (Duncan Hunter will put America First Always)
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To: SamuraiScot

Someone should tell that old fart to STFU.


26 posted on 12/17/2007 1:24:52 PM PST by LottieDah (Democrats and liberals, they never fail to disappoint.)
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To: SamuraiScot

Him and his buddies were probably short the market.


27 posted on 12/17/2007 1:44:23 PM PST by Racer1
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To: SamuraiScot

Die already Greenspan, how long can he possibly live?


28 posted on 12/17/2007 1:48:56 PM PST by ThisLittleLightofMine
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To: SamuraiScot

Is this like paying more attention to Algore who lost his election than to Pres Bush who won his election?


29 posted on 12/17/2007 1:51:03 PM PST by RightWhale (Dean Koonz is good, but my favorite authors are Dun and Bradstreet)
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To: SamuraiScot

I like all the idiots on Kudlow’s show who’ve been so pissed the economy hasn’t tanked yet. But yet they keep calling for a recession quarter after quarter after quarter after quarter.....


30 posted on 12/17/2007 1:55:33 PM PST by petercooper ("Daisy-cutters trump a wiretap anytime." - Nicole Gelinas - 02-10-04)
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To: SamuraiScot
are his frequent outbursts intentional for the purpose of negatively influencing the market? is this game playing??
31 posted on 12/17/2007 1:56:58 PM PST by elpadre
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To: blackdog
What sub-prime jitters? The default rate on such loans is no worse today than five years ago. Especially when compared to prime loan default rates. This is all one self fulfilling prophecy.

Only because the mortgage holders continue to push back the adjustments that are due, which is of course nothing more than delaying the inevitable.

MM (in TX)

32 posted on 12/17/2007 1:57:20 PM PST by MississippiMan (Behold now behemoth...he moves his tail like a cedar. Job 40:17)
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To: blackdog

Greenspan STARTED this mess with his RATE CUTS!!


33 posted on 12/17/2007 1:57:30 PM PST by Ann Archy (Abortion: The Human Sacrifice to the god of Convenience.)
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To: Ann Archy
"Greenspan STARTED this mess with his RATE CUTS!!"

Nice to read a fact instead of a lot of crap from people who claim they are influenced by what people SAY or the good news today, bad news tomorrow market manipulations.

34 posted on 12/17/2007 2:38:24 PM PST by ex-snook ("Above all things, truth beareth away the victory.")
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To: ex-snook

You can feel the democrats in this Greenspan moment up to the neck. The only problem is that each time he shoots his mouth off I lose a money!! Someone or something should tell him he is “Once Upon A Time”


35 posted on 12/17/2007 2:52:14 PM PST by Mojohemi
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To: ex-snook

How is that NOW people “understand” what MUMBLES is saying, when NO ONE had ANY idea when he was Chairman?? hmmmm


36 posted on 12/17/2007 3:59:19 PM PST by Ann Archy (Abortion: The Human Sacrifice to the god of Convenience.)
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To: Oldexpat
Stop complaining..the sooner we have a big drop in the stock market the sooner we will be able to make money riding it up.

Just so you're comfortable with the fact the Dow charts show a first stop around 11,200, second around 9k and third around 7,200. If the latter is violated, 6k is a certainty.

37 posted on 12/17/2007 5:15:37 PM PST by steve86 (Acerbic by nature, not nurtureā„¢)
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To: steve86

Do you have an opinion on when this may take place?


38 posted on 12/17/2007 7:48:24 PM PST by B4Ranch (( "Freedom is not free, but don't worry the U.S. Marine Corps will pay most of your share." ))
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