Posted on 11/20/2008 12:34:05 PM PST by Red Badger
7,760.80 down -236.48 -2.96%
(Excerpt) Read more at moneycentral.msn.com ...
The Obama Meltdown continues.
Pray for W, America and Our Troops
I don’t see why everyone is worried.
When things get bad enough, the holy hussein, messiah and all around good guy will break out the loaves and fishes.
What do you need money for when you’ll be fed by the hand of the Wright-eous one?
If you haven’t sold yet, your portfolio has dropped about 45% since January. What a freakin mess.
I guess the oil companies will be next to ask for a bailout.
if that is the case then they had better suspend some of the delisting rules.
(I think much of this is Obama Panic. Eventually they will need to blame someone so the markets will blame obama, to the horror of the MSM o-worshipers.)
Uh huh, try IT’s BUSH’s FAULT. Obama is a neighborhood organizer, look in the dictionary under “victim”. Now u-get-it.
LOL!!! Now THAT my FRiend, was FUNNY!!!
Considering that we've just elected a communist President, and both the house and Senate are controlled by liberals, you might want to be careful about buying.
Down from here, that’s where.
There is no leadership in DC or NY. There is no one who has proven to be correct except the guys who were being derided as doomsayers only a year ago.
All the big name optimists on the credit bubble have been proven wrong - not a little wrong - head up the backside wrong.
And now people are pulling money out of funds left, right and center, we’re in the tax loss selling season. There’s no reason to expect anything but unsustainable blips upward from here to at least February, perhaps March.
The questions now are:
1. Do the lows of October 2002 hold? 7,286 DJIA and 1,114 Nasdaq?
2. Do Citi and GM fail and de-list?
3. At what point do we all agree that Paulson should be thrown out on his face and replaced with a crack-smoking chimpanzee?
If those don’t hold, look out below. We’re going downhill until there are simply no more sellers.
Love to see the look on Nanci’s face if they asked her for a bailout...
BINGO!
No bailout deal for the UAW so the stock market tanks. Down 400 right now. Screw ‘em.
Put put...put it up
I said it goes like this
And you do it like this
It's going down.......
(lol)
Gas at the NYMEX briefly touched .9999.
The market is so large and so deep that no one person or party could manipulate it.
This consistent believe by too many conservatives that Soros could manipulate the stock market for political ends just has to stop. The persistent pollyanna believe that the economy was A-OK! under Bush also has to stop.
This was a mediocre economy *at best*. It was purchased on huge amounts of debt. In no way was the Bush economy sustainable - at some point, we were going to hit a wall.
What Bush didn’t understand (and still likely doesn’t) is how the interlocking debt issues are swallowing whole banks, markets and even countries without pause for policy makers to get their heads out of their nether regions.
Re: At what point do we all agree that Paulson should be thrown out on his face and replaced with a crack-smoking chimpanzee?
On this one, I think everyone is in agreement;-)
Smart cookie. The lower Dow ends on George Bush's "watch", the better in comparison it will be on Obama's "watch". That's, in part, how the myth of "stock market does better under Democratic Presidents" originate.
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