Posted on 09/15/2008 1:16:57 PM PDT by illiac
Bad day for Wall Street
(Excerpt) Read more at finance.google.com ...
After what happened, I’m surprised this is all it fell.
Me too.....
Is it finished falling? With the news about Wachovia, AIG, etc, I bet not...
Sherman: “We’ve had the devil’s own day today, haven’t we?”
Grant: “Yes. Lick ‘em tomorrow, though.”
Shiloh, TN, April 7, 1862.
BUY!!!
(everything is on sale again!!)
Let’s see how the media cover this on the 6 PM news - doom, gloom, scare people, Bush bad.
Market fears regulation from Obama if he wins (that’s in the back of the markets mind). Though I am surprised the market hasn’t been rallying since it became clear McCain would win.
Bet it falls more...someone already mentioned AIG...and Wash Mutual is in dire straits (I guess “money for nothing” will do that...)
At least the Fed Govt didnt bail anyone out.
They will run Pelosi’s tirade on the failed Bush economic policies.....
It held pretty steady at 300 for most of the day and then took a dive before closing.
The market has been pretty much falling since SanFranNan and the dem’s took over two years agao.
This has nothing to do with the presidential race. This is the continuing bank meltdown. Lehman Brothers is going away, AIG is in trouble. Some serious economic underpinnings are in very bad shape right now.
Lehman Brothers went under today and Merrill is being sold... Fed FINALLY stopped bailing out the financial companies.. we need to let them fail and start cleaning up the mess instead of bailing em out.. they should have let Bears fail, all they did with that was delay and prolong the mess.
No mystery. It's clear what the economy needs as a morale/confidence booster is a massive tax increase.
I'm glad the Fed didn't spend even more taxpayer money for the purpose of isolating businesses from the natural consequences of their actions.
There's a lot of blame to go around, unfortunately.
Maybe, when we get to the other side of this, we'll all be wiser and stronger.
Please pray for our nation.
This is a democrat’s dream day. Right up there with Iraq chaos. The more gloom and doom the more the rats love it.
Great Civil War reference.
re: Dow Closes Down 504.48
Is that a record? If not, it’s a damn good average.
The market goes up
The market goes down
(repeat at leisurely pace)
It’s just a flesh wound.
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