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Nightmare on Wall Street: Dow Plunges 513
Fox Business ^
| 8/4/11
| Adam Samson
Posted on 08/04/2011 1:38:29 PM PDT by Nachum
click here to read article
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To: Nachum
21
posted on
08/04/2011 1:55:25 PM PDT
by
blam
To: SIDENET
22
posted on
08/04/2011 1:56:41 PM PDT
by
GOPRaleigh
(I cannot afford any more hope and change)
To: Palladin
23
posted on
08/04/2011 1:57:10 PM PDT
by
DTA
(U.S. Centcom vs. U.S. AFRICOM)
To: Nachum
Happy Birthday, Dictator Obama.
24
posted on
08/04/2011 1:58:00 PM PDT
by
TexasRepublic
(Socialism is the gospel of envy and the religion of thieves)
To: Palladin
the plunge protection team must have had an obama birthday party hangover.
25
posted on
08/04/2011 1:58:13 PM PDT
by
longtermmemmory
(VOTE! http://www.senate.gov and http://www.house.gov)
To: fortheDeclaration
This market was way overvalued and this correction had to come. Do people think the market is only suppose to go up?
The value of the market includes inflation. The inflationary effects of QEn get included.
26
posted on
08/04/2011 2:00:39 PM PDT
by
DrDavid
(George Orwell was an optimist.)
To: Nachum
VIX is up over 30%...
IMPORTANT NOTE: Investors are fleeing to CASH or Gold, not bonds or treasuries. There are no safe havens left.
Friday’s Unemployment Report is going to be a real killer, and a lot of people know it. Mid-Level retail stocks got killed today.
27
posted on
08/04/2011 2:01:47 PM PDT
by
tcrlaf
(PREFRONTAL LOBOTOMISTS FOR OBAMA2012!)
To: gaijin
“Its going to be REALLY interesting what happens, tomorrow.”
The poor are going to sell off to protect what little money they have left.
The well connected are going to wait until the carnage is over and buy up everything at discounts.
The middle class will pay for it with some coaccamammie bill to protect them from predators.
28
posted on
08/04/2011 2:04:41 PM PDT
by
EQAndyBuzz
(Sarah Palin 2012 - Nothing but Net)
To: Nachum
29
posted on
08/04/2011 2:06:17 PM PDT
by
Huskrrrr
To: Nachum
I hope it keeps going down. Yes I am taking a hit right now but I want to buy more shares and this is an excellent way to do so. I have always purchased when the stock market is down. Some people are so crazy and buy when the stock market is doing well. Never made a bit of sense to me. I pray that is plummets more and more and most people should hope the same thing. It is a buyers market just like housing is. I have been making money like crazy during this time. People never take advantage of down times. They always buy when things are good......I must not understand people's thinking. I think people just get scared. I heard a few people say they were going to sell soon. I said are you freaking insane.....BUY. What am I missing? Certainly nothing in my bank account that is for sure.
To: Nachum
"The mood is pervasively negative," said Peter Kenny, managing director at Knight Capital Group. "It would take quite the imagination to come up with a silver bullet" to re-instill confidence in the economy. Want a silver bullet? REPEAL OBAMACARE!
31
posted on
08/04/2011 2:08:47 PM PDT
by
SunTzuWu
To: Huskrrrr
You forgot the sarc tag. FREEPERS are not that stupid.
To: Nachum
33
posted on
08/04/2011 2:08:56 PM PDT
by
haywoodwebb
(The "Manchurian Candidate" Will Fall!! - - You Betcha!)
To: wayoverontheright
Cause and effect are funny things. Oil has been dropping because of drop in demand worldwide. The world economy is slowing. And there is nothing on the horizon to suggest a turnaround.
Sure, prices are cheap tonight compared to whatever marker you pick, but that doesn't mean that after a dead cat bounce maybe, they will go anywhere upward.
The private sector in Japan was resilient too, until it went flat for about ten years.
To: Nachum
Did someone say nightmare on my street?
35
posted on
08/04/2011 2:09:48 PM PDT
by
Trueblackman
(Posting on FR since 1998 and 100% teleprompter free post as well.)
To: gaijin
Its going to be REALLY interesting what happens, tomorrow.I agree. Isn't there a labor report coming out tomorrow? (not that it will really matter since I personally believe those numbers are WAY too massaged.)
To: napscoordinator
And why would cashing out be stupid, there are a lot of things to invest in, probably a lot of traders will be pawning their stuff tomorrow. LOL
37
posted on
08/04/2011 2:14:01 PM PDT
by
org.whodat
(What does the Republican party stand for////??? absolutely nothing.)
To: fortheDeclaration
Very true! True this: "Large investors have moved so much money into cash accounts at Bank of New York that on Thursday the bank said it would begin charging some clients a 0.13 percent fee to hold their cash.
"In the past month, we have seen a growing level of deposits on our balance sheet from clients seeking a safe-haven in light of the global interest rate and credit environment," the bank said in a statement to The Associated Press."
From this source: Click here.
38
posted on
08/04/2011 2:14:28 PM PDT
by
MeneMeneTekelUpharsin
(Freedom is the freedom to discipline yourself so others don't have to do it for you.)
39
posted on
08/04/2011 2:15:28 PM PDT
by
markomalley
(Nothing emboldens the wicked so greatly as the lack of courage on the part of the good-Pope Leo XIII)
To: org.whodat
Well the penny stock people obviously cash out daily or so but long term people should not cash out unless they are still ahead. If they are losing money then it is a pretty dumb thing to do.
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