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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

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To: Nachum

The Govt is selling short to drive buyers to Treasuries and get more money to help the deficit?

Foreign investors pulling the plug because of the dumb debt deal?

How’s all that hopey changy working out for you libs? I think a lot of freepers saw this coming.


41 posted on 08/04/2011 2:22:21 PM PDT by Bookwoman ("...and I am unanimous in this...")
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To: MeneMeneTekelUpharsin

Uh, actually the S&P 500 and NASDAQ drops were greater than the DOW’s drop.


42 posted on 08/04/2011 2:26:16 PM PDT by rbg81
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To: napscoordinator

Buy low and sell high? That sounds so crazy it just might work!

You are correct though. All too many individual investors do the exact opposite.


43 posted on 08/04/2011 2:26:56 PM PDT by FerociousRabbit
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To: Mr. Peabody; All

“Note to self: Don’t own stocks when President is a communist.”

NO,NO, NO!

This is NOT the currently acceptable, Party/MSNBC-Approved Current truth!

TODAY’S current truth, parotted by Daily KOS all day today, has been this is THE TEA PARTY’S FAULT, for asking for financial Responsibilities!

There is no sarc tag because this isn’t Sarcasm, it’s TRUE....

And I’d be willing to bet worthless American Greenback that this line is repeated tonite on the MSNBC Hate Shows.


44 posted on 08/04/2011 2:29:14 PM PDT by tcrlaf (PREFRONTAL LOBOTOMISTS FOR OBAMA2012!)
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To: Nachum
Wait until tomorrow morning!


45 posted on 08/04/2011 2:30:22 PM PDT by Iron Munro (The more effeminate & debauched the people, the more they are fitted for a tyrannical government.)
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To: napscoordinator

You’re absolutely right. My IRA was never doing that hot for many years, and then in March 2009, at it’s absolute bottom, I made my yearly investment, plus reallocated some of my existing investments. I got a lot of shares for the money invested, a heck of a lot more than if I had invested at the high points of the market. After it went back up, I’ve been way ahead ever since.


46 posted on 08/04/2011 2:31:44 PM PDT by lado
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Boop the Kittehs!

Did You Donate To Free Republic?
Ha Ha Ha! Of Course!


Become a New Monthly Donor and End FReepathons Forever

47 posted on 08/04/2011 2:33:26 PM PDT by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list.)
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To: Nachum
Not to worry...there are people, even here, who think this is the time to get in the market while prices are low....ordinarily, I'd agree because that tactic is based on the historical performance that the stocks will eventually come back and (step 2 -----profit!).

Only that is the problem - assuming a rebound. That will only happen if Obama is banished and we get some real-balled Republicans to control all three branches come 2012.

I really don't think that is going to happen.

48 posted on 08/04/2011 2:35:12 PM PDT by Gaffer
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To: rbg81

That’s right and the NASDAQ leads the DOW.
Probably be more excitement tomorrow.


49 posted on 08/04/2011 2:36:57 PM PDT by Mr. Peabody
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To: ziravan

Thats a great tag line. You should get quote of the day.


50 posted on 08/04/2011 2:43:58 PM PDT by Sawdring
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To: napscoordinator

Why do you think I bought so many dollars?

Housing is really hit and miss, depends on where you are, there’s a large oversupply and deflationary forces pushing prices down long term.

But I agree. I hope it falls all the way to 5k like it should have back in ‘08, and that we don’t get a TARP round 3, and let the market actually nuke all the malinvestments.

Then we can build up from scratch and start making money again.


51 posted on 08/04/2011 2:46:29 PM PDT by BenKenobi (Honkeys for Herman!)
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To: MeneMeneTekelUpharsin
It's so refreshing to see someone else who both understands what is occurring and can help clearly explain the various issues.

At times (ok, most times) it's really despairing so many knee-jerk posts blaming Obama, the debt ceiling, or any other economic data for that matter. As you observe, it's got absolutely nothing to do with any fundamental factors. In fact, it's all about the agenda. It's been a long time in the making (98 years to be exact), but we're nearing some kind of transition point.

Now that the debt ceiling has been raised, my guess is the oligarchs are demanding those extra $trillions to be immediately funneled into the markets, or else. Bernanke knows he can't fool people with another round of stealth QE. Nope, this time we-the-people have to literally beg for it; that way he can operate clearly in the open.

At some point when they determine the cries for money-printing have reached a fever pitch, they'll jump back in and send the Dow to over 20k. Of course, in real terms it will be worth far less than 10k a decade ago, but the sheep have proven time & time again that they react only to surface level stimuli.

The % of people who actually understand our debt-as-money system are probably under 1% - and that would still be 3m people. Hmm, make that .001%.

52 posted on 08/04/2011 2:50:01 PM PDT by semantic
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To: FerociousRabbit

PAY ATTENTION, FOLKS...

The DOW was way Down late yesterday afternoon, and somebody (Geitner?) stepped in and bought a CRAPLOAD of securities in the last hour or so to push it to a slight gain for the day.

After the bloodbaths on the Asian And Euro markets overnight, there was just too much Down pressure for any kind of rescue today.


53 posted on 08/04/2011 2:50:58 PM PDT by tcrlaf (PREFRONTAL LOBOTOMISTS FOR OBAMA2012!)
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To: Nachum
Look at the increase in volume of trading as the average goes down approaching 4pm.

What can we suppose will happen at the opening tomorrow (Friday) morning?? It could be real ugly!! Or, the Market may be closed??

54 posted on 08/04/2011 2:51:26 PM PDT by CharlyFord (t)
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To: Bookwoman

“I think a lot of freepers saw this coming.”

Anybody with a brain, paying the slightest bit of attention saw this coming...

And that is the problem, isn’t it. How many pay attention, and think, “Oh, it doesn’t effect ME, so I don’t care!”?


55 posted on 08/04/2011 2:56:07 PM PDT by tcrlaf (PREFRONTAL LOBOTOMISTS FOR OBAMA2012!)
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To: Nachum

Actually it is a very much needed correction.

If 0bama won’t stop borrowing and printing money

...”somebody else” is going to remove it for him.

The market is over inflated, they over did it and now we will have an over correction.

And very unfortunately we don’t have a leader who can handle this.


56 posted on 08/04/2011 2:57:36 PM PDT by EBH (God Humbles Nations, Leaders, and Peoples before He uses them for His Purpose)
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To: wayoverontheright

I would not try to catch a falling knife. Professional trader are in the market.


57 posted on 08/04/2011 3:02:53 PM PDT by Orange1998
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To: CharlyFord
Time to lighten up and enjoy a song! Ray Stevens: Throw The Bums Out
58 posted on 08/04/2011 3:06:55 PM PDT by CharlyFord (t)
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To: semantic
It's been a long time in the making (98 years to be exact), but we're nearing some kind of transition point.

Is it coincidental that the Federal Reserve Act was enacted in 1913, and the 16th Amendment (income tax) was ratified the same year?

59 posted on 08/04/2011 3:08:16 PM PDT by matt1234 (ObamaCare: Killing mommies for commies.)
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To: ziravan; Sawdring

I agree. Great tagline!


60 posted on 08/04/2011 3:13:09 PM PDT by Inyo-Mono (My greatest fear is that when I'm gone my wife will sell my guns for what I told her I paid for them)
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