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Markets Tumble Into Correction
Wall Street Journal ^ | 8 January 2008 | PETER A. MCKAY

Posted on 01/08/2008 2:52:49 PM PST by shrinkermd

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1 posted on 01/08/2008 2:52:51 PM PST by shrinkermd
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To: shrinkermd

What changed today except perception................


2 posted on 01/08/2008 2:58:04 PM PST by PeterPrinciple ( Seeking the truth here folks.)
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To: PeterPrinciple
What changed today except perception

Perception finally catching up to the fundamentals: Countrywide is dead meat.

3 posted on 01/08/2008 3:00:13 PM PST by palmer
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To: PeterPrinciple

Perception?

Retail season sucked and ATT warned re: profits. That is why the market tanked after lunch.


4 posted on 01/08/2008 3:06:42 PM PST by spanalot (*)
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To: shrinkermd; All

5 posted on 01/08/2008 3:07:04 PM PST by Fiddlstix (Warning! This Is A Subliminal Tagline! Read it at your own risk!(Presented by TagLines R US))
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To: shrinkermd

UCPIX up 5.5% today.


6 posted on 01/08/2008 3:08:56 PM PST by steve86 (Acerbic by nature, not nurtureā„¢)
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To: shrinkermd

When the parking lot at Wal Mart is nearly empty mid afternoon, it tells a lot about the economy.
People are hunkering down. Worried about heating their homes and filling their gas tank.
And there are a lot of people out of work, not reflected in the “government’s statistics”.
A lot of money is being lost on wal Street.


7 posted on 01/08/2008 3:10:18 PM PST by o_zarkman44 (No Bull in 08!)
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To: shrinkermd

It hurting me!!! I am way down 20% or more in two stks...


8 posted on 01/08/2008 3:11:20 PM PST by devane617 (Stop Illegal Immigration. Call your Senator today. Senate Switchboard at 202-224-3121.)
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To: o_zarkman44
The gas situation is beginning to hurt many people. I see the sub-prime issue getting the press, but gas prices from the past two years is beginning to be priced into everything we buy, and it is hurting many.
9 posted on 01/08/2008 3:13:09 PM PST by devane617 (Stop Illegal Immigration. Call your Senator today. Senate Switchboard at 202-224-3121.)
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To: o_zarkman44

o_zarkman44: “A lot of money is being lost on Wall Street.”

A lot of opportunities to make money on Wall Street when this turns around. I just love bargain hunting, even though it’s pretty perilous right now.


10 posted on 01/08/2008 3:13:45 PM PST by CitizenUSA
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To: shrinkermd
Cue to standard FR reply...

Everything is Fine

You're all Chicken Littles

What goes up must come down

Uncle Benny will save us all, Reserve Banks are run by Geniuses

Go out and Shop

Whatdcha expect, we never promised a rose garden!

And remember without Fwee Twade and Good Ol' Mexican labor, things would be a lot worse

Really Worse

Don't complain, or we'll call you a DU troll and the VK's will come and eat you

/economic dogmafest

11 posted on 01/08/2008 3:15:59 PM PST by Regulator
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To: shrinkermd
It’s time for value investors to evaluate their portfolio and buy more of what they have. Dollar cost averaging can be your friend in the long run.
12 posted on 01/08/2008 3:16:41 PM PST by Walmartian
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To: palmer
From USA Today, dated 8/27/07:

Shares of Countrywide were up 25 cents, or 1.15%, to $22.07 after rising as high as $24.46 earlier in the day. Shares of Bank of America rose 27 cents to $51.92.

"Bank of America's investment in Countrywide represents a vote of confidence and strengthens our balance sheet, enabling us to position Countrywide for future growth and success," Mozilo said in a statement late Wednesday.

Under the terms of the deal, Charlotte-based Bank of America acquired $2 billion in the form of non-voting, convertible preferred stock yielding 7.25% annually, Countrywide said. The shares can be converted into common shares of Countrywide at $18 a share, with certain restrictions.

Wonder how Ken Lewis & the BofA Board of Directors feel about that $2B now?

13 posted on 01/08/2008 3:16:51 PM PST by Left2Right ("Democracy isn't perfect, but other governments are so much worse (especially Iran's)")
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To: PeterPrinciple
What changed today except perception................

Nothing. But that's always the case. Prices move based on the psychology of those who buy and sell. Nothing else matters.

14 posted on 01/08/2008 3:17:48 PM PST by sourcery (Fred: Because "united we stand, divided we fall.")
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To: CitizenUSA

A nice thought if there is anything extra left to invest.

Although a market downturn may cause lower demand on oil and send those prices down.
Last January, I paid $1.73 for Gasoline in south East Missouri. A few weeks at that price would certainly be helpful for my economic situation.


15 posted on 01/08/2008 3:18:23 PM PST by o_zarkman44 (No Bull in 08!)
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To: shrinkermd

I’m reminded of the words of Ben Bernanke, the yield curve is irrelevant, and subprime is contained.


16 posted on 01/08/2008 3:27:34 PM PST by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: palmer

If the DC Liberal morons get their way, the stock market will be toast for at least the next four years along with the economy that will be in the toilet bowl.


17 posted on 01/08/2008 3:33:18 PM PST by ExTexasRedhead
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To: o_zarkman44

5% unemployment is recessionary? FULL employment is 4%!

People need to turn the MSM crapmongers off!


18 posted on 01/08/2008 3:34:21 PM PST by kaktuskid
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To: ExTexasRedhead
If the DC Liberal morons get their way, the stock market will be toast for at least the next four years along with the economy that will be in the toilet bowl.

Lot of people said the same thing right before klintun was elected the first time. My stock portfolio went like gangbusters in the 90's The politicos don't control the economy as much as the corporation lobbyist.

19 posted on 01/08/2008 3:41:16 PM PST by am452 (Globalist: Converting the American people to the Democrat party since 1992)
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To: CitizenUSA

this is nothing new, the volatility of the stock market is a constant and beautiful thing. hopefully the fed wont enact any stupid policies


20 posted on 01/08/2008 3:43:15 PM PST by smartrightstudent
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