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Stocks sharply lower as global crisis persists (Dow under 10,000 1st time in nearly 4 years)
MarketWatch ^
| Oct. 6, 2008
| Nick Godt
Posted on 10/06/2008 7:33:49 AM PDT by AngieGal
click here to read article
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1
posted on
10/06/2008 7:33:49 AM PDT
by
AngieGal
To: AngieGal
This market is shedding points faster than a fat girl on Jenny Craig. It may test bottoms around 8,500 by Thanksgiving.
Buyers market in the new year.
2
posted on
10/06/2008 7:36:44 AM PDT
by
shankbear
(Al-Qaeda grew while Monica blew)
To: shankbear
I don’t know. I think suspending trading for a day or two might be better.
3
posted on
10/06/2008 7:37:25 AM PDT
by
edcoil
To: AngieGal
Thanks congress! Those that passed this bill what a bunch of dumba$$e$. Opposite of progress is truly congress!
4
posted on
10/06/2008 7:37:25 AM PDT
by
Issaquahking
(Maverick Barracuda voter!)
To: Issaquahking
Ditto ... of course their argument will be that 850 billion just wasn’t a “big enough” bailout ... Time to remove a few people from the House and Senate ...
5
posted on
10/06/2008 7:40:08 AM PDT
by
so_real
("The Congress of the United States recommends and approves the Holy Bible for use in all schools.")
To: AngieGal
“My government threw $850B at the fiscal crisis and now all I’ve got is this t-shirt”
6
posted on
10/06/2008 7:40:29 AM PDT
by
ClearCase_guy
(I ain't gonna quit until I'm laid in my tomb and even then they better shut it tight.)
To: Issaquahking
Should be 500 points down in the next ten minutes from the opener - 458 right now.
7
posted on
10/06/2008 7:40:52 AM PDT
by
Issaquahking
(Maverick Barracuda voter!)
To: AngieGal
DOW down now 481 and falling. Welcome to Great Depression II.
8
posted on
10/06/2008 7:41:19 AM PDT
by
RichardW
To: AngieGal
I consider myself pretty well read in econ. I’ve read tons of Hazlett, Friedman, Sowell, etc. But I am utterly baffled (maybe somebody can help) as to how giving a bunch of bad loans could lead to all this. Tell me that 50% of our homes are in default, and it makes sense. Tell me that, what???, THREE per cent are in default, and I’m really puzzled.
9
posted on
10/06/2008 7:42:42 AM PDT
by
Lord Jim
To: AngieGal
This should be the mantra McCain and Palin repeat from now till Nov 4th:
When Reid, Pelosi and Obama took over, gas was at 2.40 a gallon...now it’s almost $4.00
When Reid, Pelosi and Obama took over, the Dow was over 12,000...now it’s under 10,000 today
When Redi, Pelosi and Obama took over...
10
posted on
10/06/2008 7:43:00 AM PDT
by
JRios1968
(Sarah Palin smash Hulk!)
To: Issaquahking
Blew through 500 like it was standing still-
Scottrade info-
There are currently no gainers today.
11
posted on
10/06/2008 7:43:51 AM PDT
by
Issaquahking
(Maverick Barracuda voter!)
To: AngieGal
Good news for RATS. Here's the "donate" picture that I got when I clicked on this thread (how appropriate).
No one will ever convince me that this whole "financial crisis" is anything more than politics. After the election: Buy! Buy! Buy! I bet you'll double your money in three months.
12
posted on
10/06/2008 7:44:43 AM PDT
by
advance_copy
(Stand for life or nothing at all)
To: Issaquahking
Down over 500 now.
9,791.03 -534.35
13
posted on
10/06/2008 7:44:47 AM PDT
by
AngieGal
To: edcoil
Russia shut down down its stock market and once it opened it fell 15 percent. When the market assert itself, you only lose when you try to cover it up. That’s why the bailout was horrific mistake.
To: AngieGal
15
posted on
10/06/2008 7:45:25 AM PDT
by
OB1kNOb
(EVERYBODY REMAIN CLAM !)
To: AngieGal
they need another $700 Billion dollars. /s
To: AngieGal
Wasn’t the bailout supposed to solve this?
No doubt the Dems will suggest that we should throw more good money after bad.
17
posted on
10/06/2008 7:45:56 AM PDT
by
Spktyr
(Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
To: AngieGal
Getting ready to pull the plug.
This is going to kill McCain. Welcome to Obamaland...:-(
18
posted on
10/06/2008 7:46:10 AM PDT
by
chimera
To: chimera
Sadly, I believe you to be right. This DOW plunge is breathtaking.
19
posted on
10/06/2008 7:47:59 AM PDT
by
mek1959
To: AngieGal
$700 billion on Moday...$850 billion on Friday...Congress sold out the American people for more pork spending...and it is still not enough for these clowns...
USA Today (October 9, 2008):
"This measure is an important step, but there is a possibility it may not be enough," says Frederic Mishkin, a former Federal Reserve Board governor.
20
posted on
10/06/2008 7:48:20 AM PDT
by
MaestroLC
("Let him who wants peace prepare for war."--Vegetius, A.D. Fourth Century)
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