Posted on 10/09/2008 12:59:03 PM PDT by Red Badger
The Dow Jones industrials fell under 9,000 this afternoon for the first time since the summer of 2003 as investor confidence that markets would stabilize appeared to collapse. At 3:40 p.m. ET, the blue chips were down 641 points, or 6.9%, to 8,617. The Standard & Poor's 500 Index was off 74 points, or 7.5% to 911. The Nasdaq Composite Index was down 94 points, or 5.4%, to 1,646. The S&P fell under a closely monitored support level of 960. A support level is important because it is supposed to trigger new buying. At those levels, the crash of 2008 has left the Dow 39% below its record close of 14,164.53 and the S&P 500 down 41% from its record close of 1,565.15. Ironically, both records were set exactly one year ago today.
(Excerpt) Read more at articles.moneycentral.msn.com ...
Yep, he did! And, he and Palin got an earful of “Mid-Western Heartland” anger and frustration. They can’t say they don’t know how we feel now! Many stood up and were literally BEGGING them to be more aggressive in going after Obama, and people were reporting that for the first time in a LONG time, McCain appeared VERY serious, and VERY angry as well...
Here’s hoping and praying that McCain’s gloves have TRULY come off now... There’s not much time left, but all hope is not lost! He is starting to “name names” and led off with Frank and Dodd. McCain also spoke about the Voter Fraud and ACORN investigations.
Its time to rebalance your 401k. Swap some of your bond mutual funds for stock mutual funds.
you know this can only give a bump to the muslim, don’t you?
the great unwashed moderates cannot see past the end of their noses and watch the MSM for the answer....
...quite unfortunate.
>>Comments like those made recently telling everyone who will need their money in the next five years to pull out now have not helped.<<
See post #175. Also Bernanke’s and Reid’s comments do not help.
We had another catcher of falling knives said the same thing a couple weeks or so ago when the Dow was a couple thousand points higher.
Not a US stock exchange holiday.
The wife and I were in Japan when the Nikkei went from 40,000 to 15,000. Everyone there said it was because the number 4 in Japanese, “shi”, is a homonym for death. When it hit 14,000 here, Mrs. VanShuyten told us to jump. I thought I was being smart by keeping 20% in stocks. She’s been nice and hasn’t said anything, but that will only hold until we get our quarterly reports, I think.
The only thing I could think of was that volume was so great that the ticker was running behind....
The indexes reached their alltime highs exactly one year ago today. Since then they are down 30 to 40%. After they blow past the last Fibonacci number (NASDAQ already has) there is no support. Anywhere.
Ahhh, the good old days. That was funny!
My 401(k) is now a 201(k).
ROTFLMAO. I literally started cracking up by that. I sincerly hope you get back every penny in your 401K. I am too afraid to look at my portfolio.
Why would Wall St heed polls that have shown to be erroneous in the past elections. Unless this said poll has amazing historical accuracy.
7000 for now.
After the Obambi capital gains tax increase passes the Congress with an overwhelming majority, 5000.
Well I for one think that Doohickey should stop riding his damn bike.
Well, since Bush doesn't seem to think it worth his time to defend himself, I guess he just gets to eat it. He cares more about "let history decide" than protecting his political capital so he just might be able to do something useful.
It's a New York State pension. I do know they had money invested in AIG, and probably lost more with other investments since the bailout bill, and the ensuing fall of the market.
I have said on this forum since Febrauary that we are going to 7500. Check my history. Charts included to show the technical basis for it. It is the next support from here. NOTHING supports this market here.
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