Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

US STOCKS-Wall St. sinks; Dow drops below 9,700 level
Reuters ^ | 10/8/08 | Kristina Cook

Posted on 10/06/2008 11:45:21 AM PDT by pissant

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 101 next last
To: NeilGus
The good news is that it CAN’T drop over 500 for very many days.

It can’t go below zero :-)!

The GREAT news is that the DOW could be over $1,000,000 by later in an Obama term.

The BAD news is that $1,000,000 in the DOW will be worth about $50 in the DOW today.

41 posted on 10/06/2008 11:59:55 AM PDT by C210N (The television has mounted the most serious assault on Republicanism since Das Kapital.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: CA Conservative
Well, now it is “only” 700 points down - must be the Fed money.

I know 700 is a lot. But we would have already "hit the stops" a long time ago and had the market halted if it weren't for the injection of funds.

42 posted on 10/06/2008 12:00:16 PM PDT by politicket (Palin-tology: (n) - The science of kicking Barack Obambi's butt!)
[ Post Reply | Private Reply | To 38 | View Replies]

To: All

One more time.

Anyone besides me buying today?

Anyone? Anyone? Anyone?


43 posted on 10/06/2008 12:01:22 PM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
[ Post Reply | Private Reply | To 42 | View Replies]

To: rightinthemiddle
The MSM is driving fear and panic now. All so Obama can provide Socialism as the answer.

Everyone paying attention knows it is coming.

The scariest part is an economically weakened United States is going to be a very appealing target to our Islamo-Fascist enemies. Obama's "solution" will mark the end of the United States as we know it.

God help us all.

44 posted on 10/06/2008 12:02:28 PM PDT by comebacknewt
[ Post Reply | Private Reply | To 16 | View Replies]

To: The Bronze Titan

it seems to me that this is going to be alot worse than the infamous Black October


45 posted on 10/06/2008 12:02:53 PM PDT by RummyChick
[ Post Reply | Private Reply | To 33 | View Replies]

To: abb

I bought WMT and BKC. BKC is doing better than the Dow today.


46 posted on 10/06/2008 12:03:39 PM PDT by Crawdad (Joe Biden- the Fredo Corleone of the Democrat Party)
[ Post Reply | Private Reply | To 43 | View Replies]

To: comebacknewt

The Japanese thought the same thing, once..........


47 posted on 10/06/2008 12:03:43 PM PDT by AxelPaulsenJr (God Save The United States From Barack Hussein Obama And The Democrats. Amen.)
[ Post Reply | Private Reply | To 44 | View Replies]

To: abb

I’m waiting for DOW 8,000.


48 posted on 10/06/2008 12:04:06 PM PDT by library user
[ Post Reply | Private Reply | To 43 | View Replies]

To: Crawdad

MMM looked good for me today. On sale. P&G not quite at the lows of July.


49 posted on 10/06/2008 12:04:59 PM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
[ Post Reply | Private Reply | To 46 | View Replies]

To: pissant

Well I hope everyone gets out and welcomes their congressman home. Mine is one of the brave few who won’t have to hide.


50 posted on 10/06/2008 12:06:35 PM PDT by cripplecreek (Paying taxes for bank bailouts is apparently the patriotic thing to do. [/sarc])
[ Post Reply | Private Reply | To 1 | View Replies]

To: pissant

thank your local congress critters and senators for your 401k’s going buh bye folks....


51 posted on 10/06/2008 12:06:36 PM PDT by tatsinfla
[ Post Reply | Private Reply | To 1 | View Replies]

To: pissant
Dow chart over last 10 days:

Note that more than half of last Monday's record point drop occurred BEFORE the House voted against the bailout. The Tuesday recovery was reported by the lamestream drive-by media as reflecting investor confidence that congress would do something by week end. However, the market was down a bit on Thursday, and then tanked on Friday after the senate and house voted respectively to pass this latest iteration of the crap sandwich economic rescue package.

52 posted on 10/06/2008 12:06:59 PM PDT by VRWCmember
[ Post Reply | Private Reply | To 1 | View Replies]

To: Hattie
-- The media is now saying this is "Bush’s bill". --

I don't think that's unfair. The general layout was proposed by Secretary Paulson, and was pushed HARD by President Bush, to the exclusion of any alternative. The negotiated bill was basically the Paulson plan with a mandatory reporting window by the Secretary of the Treasury to Congress, and some decorative "checks" that amount to squat as a matter of substance.

The most the Democrats can be accused of, as far as passing this, is agreement. They didn't originate it.

53 posted on 10/06/2008 12:07:17 PM PDT by Cboldt
[ Post Reply | Private Reply | To 27 | View Replies]

To: pissant
I suspect the real problem here is AIG and the CDS’s.

That news about AIG burning through it's bailout load cash is very scary. Now they won't be able to sell their profitable assets, and the cascade of panic begins.

Insurance is not collateral, and never was.

54 posted on 10/06/2008 12:07:41 PM PDT by Wiseghy ("You want to break this army? Then break your word to it.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Hattie

It really is McCain’s Bill! He was the one who supposedly suspended his campaign to get it passed and then, cowardly, said not a work on the Senate floor but just voted for it.

Had he stood up with the House Republicans this would have been irretrievaby a Democrat mess.


55 posted on 10/06/2008 12:07:46 PM PDT by sonofdob
[ Post Reply | Private Reply | To 27 | View Replies]

To: Crawdad
BKC is doing better than the Dow today.



I CAN HAS BAILOUT 2?

56 posted on 10/06/2008 12:07:52 PM PDT by library user
[ Post Reply | Private Reply | To 46 | View Replies]

To: Crawdad

DD also on sale - five year low May pick up some of that, too. Dividend yield of over 4%.


57 posted on 10/06/2008 12:07:55 PM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
[ Post Reply | Private Reply | To 46 | View Replies]

To: rightinthemiddle

“The MSM is driving fear and panic now.”

That was George Bush and Paulson who started it.

“All so Obama can provide Socialism as the answer.”

Obama is deep into Wall Street’s pockets. The Bailout was structured so not to change any past behavior and control the financiers. There will be no socialism but freedom for financiers to do what they want and some bailouts.


58 posted on 10/06/2008 12:08:13 PM PDT by Shermy
[ Post Reply | Private Reply | To 16 | View Replies]

To: library user

I heard on the news that the banks won’t take the bailout money because it has caps for CEO’s bonuses and golden parachutes.


59 posted on 10/06/2008 12:12:15 PM PDT by Ugot2Bkidding
[ Post Reply | Private Reply | To 56 | View Replies]

To: C210N
The BAD news is that $1,000,000 in the DOW will be worth about $50 in the DOW today.

Yes, but my current mortgage payment will look real reasonable.

60 posted on 10/06/2008 12:13:21 PM PDT by Prokopton
[ Post Reply | Private Reply | To 41 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 101 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson