Is it any wonder that capital throughout the world is hunkering down as the U.S. faces the prospect of an Islamo-Marxist presidency?
To: libsmacker75
Yep, and Dow Futues/Aftermarket are down another 299 as I last looked.
BTW, has anyone noticed the extreme premiums on Options? There are many ways to get some protection than just selling or hanging on while this thing melts down.
2 posted on
10/09/2008 8:09:26 PM PDT by
TCats
To: libsmacker75
The Nikkei lost 25.2% just this week.
3 posted on
10/09/2008 8:10:53 PM PDT by
CatOwner
To: libsmacker75
On the plus side, a copy of Jim Glassman’s book, Dow 36,000, can be had for as little as $0.01 from Amazon.com.
6 posted on
10/09/2008 8:13:40 PM PDT by
Koblenz
(The Dem Platform, condensed: 1. Tax and Spend. 2. Cut and Run. 3. Man on Man)
To: libsmacker75
and if that happens, what good will the money they pulled out do?
When it looks like the end of the world is near, buy stock. Because if they are wrong, you win. And if they are right, you won’t win anyway.
7 posted on
10/09/2008 8:16:15 PM PDT by
ari-freedom
(Betcha they're good. Why shouldn't they be? Their one mistake was giving up me!)
To: libsmacker75
It’s becoming obvious that the US markets and the world is terrified of a bho presidency. BOR did bring it up tonight. The plan is for bho to ‘rescue’ after the election thus enhancing his US and world status.
9 posted on
10/09/2008 8:19:42 PM PDT by
Doug TX
To: ex-Texan; TigerLikesRooster
"The crisis of the abuses of banking is arrived. The banks have pronounced their own sentence of death. Between two and three hundred millions of dollars of their promissory notes are in the hands of the people, for solid produce and property sold, and they formally declare they will not pay them. This is an act of bankruptcy, of course, and will be so pronounced by any court before which it shall be brought. But cui bono? The laws can only uncover their insolvency, by opening to its suitors their empty vaults. Thus by the dupery of our citizens, and tame acquiescence of our legislators, the nation is plundered of two or three hundred millions of dollars, treble the amount of debt contracted in the Revolutionary war, and which, instead of redeeming our liberty, has been expended on sumptuous houses, carriages, and dinners. A fearful tax! if equalized on all; but overwhelming and convulsive by its partial fall. Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge of bank paper, as we were formerly by the old Continental paper. It is cruel that such revolutions in private fortunes should be at the mercy of avaricious adventurers, who, instead of employing their capital, if any they have, in manufactures, commerce, and other useful pursuits, make it an instrument to burthen all the interchanges of property with their swindling profits, profits which are the price of no useful industry of theirs. Prudent men must be on their guard in this game of Robin's alive, and take care that the spark does not extinguish in their hands. I am an enemy to all banks discounting bills or notes for anything but coin. But our whole country is so fascinated by this Jack-lantern wealth, that they will not stop short of its total and fatal explosion." ~~Thomas Jefferson to Dr. Thomas Cooper, 1814
13 posted on
10/09/2008 8:25:18 PM PDT by
Travis McGee
(--- www.EnemiesForeignAndDomestic.com ---)
To: libsmacker75
Foreign markets are sometimes slower to react, and can often have a delay showing up the next day in “early trading”. They also have their own problems as brought to center stage by what is happening in this country. Remove capital gains TAX. Right now we are rewarding ONLY the ones that got us into this mess, those that should never have owned homes and defaulted, the bundlers of the loans (fraudulently rated), ACORN, Politicians (Obama, culpable members of Congress, etc) who have received donations from related above, no quick urgency to investigate, nor prosecute those in the Fannie Greed Camp, (only one example). Now Pelosi will offer up some crumb of a little stimulus..will $300 do it for you again??
ALSO Timed appropriately, don't ya think? for the New Revolution as Alinsky (who wrote the letter of recommendation for Obama when he applied to Harvard Law School), Obama’s other “acquaintences” and our present students of the same, have fought for through their indoctrination of young academic new world order pups with ambitions but no money, politicians and others since the 60’s.
Under the Alinsky model, “organizing is a euphemism for revolution — a wholesale revolution whose ultimate objective is the systematic acquisition of power by a purportedly oppressed segment of the population, and the radical transformation of Americas social and economic structure. The goal is to foment enough public discontent, moral confusion, and outright chaos to spark the social upheaval that Marx, Engels, and Lenin predicted — a revolution whose foot soldiers view the status quo as fatally flawed and wholly unworthy of salvation. Thus, the theory goes, the people will settle for nothing less than that status quos complete collapse — to be followed by the erection of an entirely new system upon its ruins.”
To: libsmacker75
My reasons for stock meltdown:
1. B.H.Obama wants to increase capital gains tax. That caused selling to lock in lower taxes in 2008.
2. Hedge funds, Wall Street bankers and speculators were heavily leveraged.
As market went down they were forced to sell due to margin calls.
3. Banks can't lend because they need 10% reserves to lend.
No one can define what their reserves are worth since lot of it is sub-prime junk.
16 posted on
10/09/2008 9:09:09 PM PDT by
ajay_kumar
(Obama loved EVERY tax increase..94 votes for increases, 0 votes for taxcuts.)
To: libsmacker75
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson