yitbos
Posted on 01/21/2008 12:28:59 PM PST by Rutles4Ever
Bleeding red across the globe.
http://online.wsj.com/mdc/public/page/mdc_international.html?mod=mdc_h_intlsctnhd
(Excerpt) Read more at online.wsj.com ...
I believe that anyone who didn’t know the markets were closed today should not be allowed on Free Republic, much less commenting on this thread. I am embarrassed.
Problems are much too pervasive and inter-connected (i.e. derivative dependencies in the credit markets) for even the central banks to do much to rectify them. Excesses and mallocations have gone on unfettered for far too long.
Stock analysts on the MSM are telling people to buy stocks on the cheap here -- that is as good an indication as any the bear market is in its infancy. When those analysts are telling people to get out any any cost -- dumping their 401Ks for pennies on the dollar -- then it will be time to buy.
As I recall the TSEC was near 10,000 last year. Was already in a near bear market on a percentage loss basis before this latest siege.
Nice post. Over the years since W has been in office, I often feel like the supply siders have gone away. As you said the market has spoken. The problem is W has shown in the past that he could care less about what investors think.
yitbos
Trying to deal with this using either a fiscal or a monetary quick fix is akin to trying to cure skin cancer with Bactine.
Wow! Imagine how bad it would have been today if the markets were open.
Say hello to President Hillary! Let's see now: a new tax bracket for the "wealthy". Banks closed "for the duration". Mortgage companies nationalized. Oh, and national health insurance.
Very frustrated stock investor.
DON’T watch with sound on and kids present (language).
http://www.youtube.com/watch?v=rCtQL5b_rCM
The guy is nuts to post that video.
When he finally recovers from the emotional trauma of losing $25k last night and goes out to find a real job — No one will hire him when they find about his very public and profane tantrum.
“I believe that anyone who didn’t know the markets were closed today should not be allowed on Free Republic, much less commenting on this thread. I am embarrassed.”
Even better, guess how many professional traders rolled out of bed this morning to check the pre-open from home?
Whoops. Big Whoops.
(I've been working like a madman today, too busy to look up or even think about things like taking MLK day off....)
My wife (after talking to her father who was born in the early 30’s), took out a lot of cash out of our savings account as just in case money. My father in law is pretty spooked.
But then he is one of those old farmer types who is always prepared.
Dow +40.00 +0.35% 11,624.00
NASDAQ +1.75 +0.10% 1,775.00
S&P +2.30 +0.18% 1,267.30
Lots of threads. DJIA might open down 400. Would that trigger an immediate suspension of trading?
I am more concerned about a possible terror attack.
NY being closed today the futures are being traded and they are down considerably.
It wouldn’t have the effect of the WTC911. It wouldn’t help anything, certainly, but what might have a large effect would be a problem in the Strait of Hormuz, probably not tomorrow, though.
Do they have bottom limits any more?
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