Stock Market in Landmark Plunge<P>

self | 06-21-2002 | self

[Tuco-bad]

The S&P experienced its worst 17-week period ever (based on number of up/down S&P weeks), with the S&P down 14 of the past 17 weeks.

[newcats]

INFIDEL!!!! Off with your head!!!!!

[LiveFreeOrDie2001]

Buying opportunity...?

I used to think that way too, but it keeps going lower, we keep losing money, what do we watch it lose more significantly and keep saying buying opportunity?

[Digger]

I'll quit the Bush trashing when he starts becoming a conservative. When he cleans up Washington by setting an example by putting the Klintoons up on trial. When he cuts the government spending. When he throws out George Tenent & all of the Klintoon hangovers. When he protects us by closing the boarders insted of cowtowing to the Mexicans. When he stops the payout to Teddy Kennedy for a corrupt or inefficient school system. When he acts like a leader & votoes just ONE of Tommy Dascholes increased spending bills- 1 1/2 yrs in office & NO VETO. Again when he acts like a conservative, when he acts like a Patton & not a Mr. Rogers.

[Lazamataz]

I could change.

Please do.

Those underwear are nasty.

[Tuco-bad]

Did someone say today that perhaps Merck would be the next one caught with "creative book keeping"??????

We must have the same sources.

[AdA$tra]

what do we watch it lose more significantly and keep saying buying opportunity?

No: I recomend running mad through the streets in a paninc, screaming our heads off.

[OK]

Yes, PE's are way too high. I am astounded that there are still those hoping to get their money out, or even worse, putting more money in.

Value is based on earnings, earnings, earnings, people. It is the PE, keep your eye on the ball.

[Lazamataz]

If the bad economy of the late 1970s is (justifiably) blamed on Carter, why isn't the successful economy of the 1990s credited to Clinton?

I call the Clinton years, the Cocaine Economy. Sure, it felt good, but in the long term it was deadly.

The ramifications of the Decade of Fraud are that we had a good stock market while businesses all overstated earnings. Your guy, Clinton, taught the business community that there were no ramifications to lying under oath. The CEO's learned the lesson well. So they lied in the Prospectus' and in the Yearly Earning Reports.

RIGHT NOW is the Clinton Economy, because RIGHT NOW is when all the fallout is happening from the Decade of Greed.

So put that in your crack-pipe and smoke it.

[Tuco-bad]

Those underwear are nasty.

"no one's perfect." - Joe E. Brown, Some Like IT Hot" 1959

[Stentor]

Agreed, although I thought that was the case several months ago and acted on it. Oh well, dollar cost averaging will eventually come out ahead...probably...

After the next 30% drop on the S&P and about a 5 year stagnant market you might be right.

[eeriegeno]

WJ Clinton, with the help of his buddies Alan, Robert, William and Janet, started this snowball rolling downhill back in 1999. And it seems that GW is too slow to comprehend the serious situation that exists. As a matter of fact, I have not seen Mr O'Niell's face for months. Damn shame when politicians are allowed to destroy the largest booming economy in the world. Soon, we will be throwing rocks like they do in third world countries........

[SteamshipTime]

I feel constrained to point out that when the market hiccuped while Clinton was prez, Republicans fulminated that he was "destroying wealth." Now it's sinking below prior lows and the sober, calm observation is that it's a "much-needed correction."

It may or may not be. Time will tell.

[OK]

I call the Clinton years, the Cocaine Economy. Sure, it felt good, but in the long term it was deadly. The ramifications of the Decade of Fraud are that we had a good stock market while businesses all overstated earnings. Your guy, Clinton, taught the business community that there were no ramifications to lying under oath. The CEO's learned the lesson well. So they lied in the Prospectus' and in the Yearly Earning Reports. RIGHT NOW is the Clinton Economy, because RIGHT NOW is when all the fallout is happening from the Decade of Greed. So put that in your crack-pipe and smoke it.

Laz, that was the best explanation of the '90's I have ever seen. Bravo.

[rdavis84]

Everybody Bypassed this one except meenie ---http://www.freerepublic.com/fo cus/news/703636/posts

Read it and weep.

[rohry]

"Your guy, Clinton, taught the business community that there were no ramifications to lying under oath. The CEO's learned the lesson well. So they lied in the Prospectus' and in the Yearly Earning Reports."

Well said. Also, not generally recognized, was the concerted campaign by Rubin and Summers to trash gold (by leasing it at 1% per year through the BIS) in order to make it seem as though there was no inflation and to boost the value of the dollar by 40%. That is all unwinding now as the dollar starts to drop back where it should be and foreigners withdraw their money.

[dighton]

Bush would benefit us all by consulting with Clinton or making him Secretary of Treasury -- a way of being bipartisan and thanking liberals for their support of the current war effort.

This is Compliment Weekend at FR.

Thank you for the funniest post of the day -- even though you didn't mean it as such.

[patriot_wes]

It's always the same with the gays...no matter how in·noc·u·ous the discussion, it has to end up being about sex....argh!

[OK]

The Clinton economy is NOT happening now.

The slow motion stock market crash started in 2000 while Clinton was still in office. It takes years of policy to have this much effect on the economy. What you are saying is like saying the 1920's had nothing to do with the 1930's.