Posted on 10/22/2008 12:38:35 PM PDT by tatown
DOW currently down 561 points.
The little gamblers on Wall Street seem a bit agitatited.
If they think things are bad now, they should consider what will happen if Obama wins the election - AND CUT OUT THE CRAP with this stuff!!!!
Another benefit of trashing the US economy is that it actually does attract foreign capital as other investment economies suffer more than ours. That leads to a capital flight toward America because we remain the most stable alternative.
Other economies cannot survive a weak US economy.
My financial advisor said he expects the Dow to bottom out at 7500+/-. Of course, what does he know?!
What the hell did they think the damn earnings reports were gonna say?
Why invest if Obama is going to take your fains ans “spread” them around?
Relax.........500 is the new 100......:-)
Well...I heard Rush say that today, also....YESTERDAY, I went shopping.....at COSTCO....staples kind of stuff....figuring if there’s an Obama Pres....costs will go up....and even if there is NOT....costs are going to go up (INFLATION) because of how the Democrats have SCREWED us with this financial coup.
I’ve been out of the market for awhile. My brother is a banker and he’s been telling me the credit crash was coming for more than a year. When the DOW dropped below 9000, I put a portion back in. If it goes below 7000, I’m buying more.
I won’t go all in until I see who’s the next president.
This market is going to be a huge gift for somebody.
I really can’t remember. I was with Fidelity and when we switched to Vanguard a couple years ago I used my wife’s method of picking horses: I chose some at random that looked good.
`Drunks and fools’, huh?
SOLYLENT GREEN
This may come as a shock to you, but U.S. exports were practically the only thing keeping our economy afloat through the second quarter. And I notice not many people here are begging for higher tariffs. Why do you think that is?
My guess is that the panic will continue until the Steely-Eyed Financiers have run the last sheep through the shearing shed.
Got to admit, I have been thinking of that possibility myself.
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