Posted on 07/11/2008 8:58:49 AM PDT by meandog
The Dow Jones Industrial Average recently traded down more than 240 points, around 10988. The blue-chip indicator hasn't closed beneath the 11000 level since July of 2006. It hit a record high of 14164.53 on Oct. 9, 2007.
The S&P 500 was down 1.7% to 1232.02. All of its sectors traded lower, led by a 5% slide in its financial sector. The energy-sensitive consumer-discretionary category was close behind, down 3.5%. The Dow and the ...
(Excerpt) Read more at online.wsj.com ...
Perhaps we should ask the former executives to return their bonuses...
Oh, well. It’s the end of the world. Run for your lives.
Or quit being chickens, and take care of Iran. Oil would go back down a few months after Iran is done.
This Fannie, Freddie thing has been going on forever. The stocks dropped 50% today, but likely nobody owned any of it at this late date. Nobody but widows and orphans.
Yes, it would back down from $300 when everybody has starved to death. Well, not everybody. A billion might still be hanging around whining.
It sure is a good time to have no assets.
Wow! We need a tax increase and fast!
The market is,but I’m making a killing on Freddie.Bought it at this mornings low.Just had a “hunch”.
Even worse is the gold shower they got to encourage them to leave.
Better lock in that profit pretty quick quack.
Yup. Call Pillosi the pill head and tell her to drill.Think we safely blame Congress and the Press for this one.
My “play” money is in it,so it doesn’t matter if I lose.Pretty interesting watching the money come in,then go out,then come in.....
Oil would go down within five minutes after Bush stood up in a press conference and announced that we were going to start drilling on Monday.
Can't he use an Executive Order, citing national security?
2007 Board to CEO - You've steered us onto the rocks. Here's $100 million. Please go.
My IRA has fallen and it can’t get up.....
I always knew that a fool and his money are soon parted; what I have yet to figure out is how they get together in the first place....
According to Richard Russell of Dow Theory Letters, the transportation average has not yet confirmed the Dow’s bear signal. It would have to violate 4140.29. Now at 4729.47.
Yikes
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