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Panic: S&P down over 6%, Dow down over 5%
Bloomberg Terminal
| 10/6/08
| Me
Posted on 10/06/2008 7:45:09 AM PDT by Thane_Banquo
click here to read article
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To: Boonie
If anyone has any money to invest, BUY NOW!!!!!!!!!!!!!!! I hereby nominate you for the "Stupid Post of the Day" award.
If you had even a modicum of financial sense you would see that this problem is getting exponentially worse (like many of us have been writing about for weeks).
The Fed is about to step in and offer the discount window to U.S. states, municipalities, and companies - and you're advising people to buy stocks? Not very wise advice my FRiend.
161
posted on
10/06/2008 8:27:30 AM PDT
by
politicket
(Palin-tology: (n) - The science of kicking Barack Obambi's butt!)
To: elpadre
162
posted on
10/06/2008 8:27:44 AM PDT
by
Thane_Banquo
("They aren't people! They're the ACLU!" - General Patton in An American Carol)
To: Thane_Banquo
Sure wish you hadn’t included the word PANIC.
To: b4its2late
Wouldn’t be surprised if those in charge, have “The One” (puppet on a string) spun up to speed for getting ready to go on the attack against the only hope we have. That would be a woman who made money the old fashioned way, and is seeking the vice presidency.
164
posted on
10/06/2008 8:28:16 AM PDT
by
Issaquahking
(Maverick Barracuda voter!)
To: NVDave
I speculated here on FR last week that if a big country in the EU (like Germany or France) pulled Irelands stunt, that it could spell the end of the Euro.I've been saying for years that the Euro and the EU itself were not going to last, simply because of Europe's intense history of nationalism and war. The U.S. is a real "economic union" because that union is bathed in the blood of our Civil War. Union between states doesn't come easy, and certainly not by signing some agreement in Brussels.
165
posted on
10/06/2008 8:28:44 AM PDT
by
LikeLight
(http://www.believersguidetolegalissues.com)
To: b4its2late
McCain was forced to agree thanks to Bush being suckered by Paulson.
The Obama media would have crucified McCain if he voted NO !
He would have been blamed for the mess today ???
I dont know what fair and balanced media you’ve seen .
I see a Obama media that will spin anything to make McCain look BAD !
To: Norman Bates
This is an orchestrated collapse.
The GOP lightweights in washington got suckered into believing Paulsen and the Pelosi congress BS about the bailout being absolutely needed. it was a lie, as is everything that comes out of their mouths. Smart Conservatives and conservative economists said the market would, and needed to correct itself. No one listened. now we have the worst of both worlds- the market tanks, which helps the non-incumbent party, AND we are stuck with a socialist bailout bill. Idiots
167
posted on
10/06/2008 8:29:05 AM PDT
by
Canedawg
(If the law supposes that, said Mr. Bumble, the law is a ass, a idiot.)
To: Future Snake Eater
>>We have it all undoo contwol.<<
LOL..
just like the captain of the Titanic..
and he’s standing right next to “Mr. We Don’t Know What To Do”
168
posted on
10/06/2008 8:29:13 AM PDT
by
evad
(.!.)
To: sarasota
Well, it is accurate with what I’m seeing in the market.
169
posted on
10/06/2008 8:29:26 AM PDT
by
Thane_Banquo
("They aren't people! They're the ACLU!" - General Patton in An American Carol)
To: Thane_Banquo
Most here knew this would happen, which is why the bailout was flat out wrong. Watch. The Dems will ask for ANOTHER bailout. Screw them all.
170
posted on
10/06/2008 8:29:33 AM PDT
by
rintense
(Chuck Norris wears Sarah Palin pajamas.)
To: Thane_Banquo
Australian dollar off almost 8.6% on the day against the USD.
One bank said they are seeing literally NO BIDS in the Australian dollar,
which is huge considering that you can usually trade several million
with the click of a mouse.
I'm an absolute moron on valuations of currencies.
But your report on the Austalian dollar seems shocking to my
naive brain.
As the last page of the editorial pages of The Wall Street Journal
(just before the last "A" page that usually is just a big advert)
is penned by an Australian summing up the situation of how liberal
the US mortgage system (no-recourse home loans) is versus the
conservative (sensible in VOA's book) nature of mortgages in
Australia.
171
posted on
10/06/2008 8:29:44 AM PDT
by
VOA
To: Newtoidaho
Some of it is. A larger part of it is de-leveraging. Hedge funds are getting crush with redemption demands.
Right about now, the “funds of funds” are pulling their money out in a fat hurry.
172
posted on
10/06/2008 8:30:19 AM PDT
by
NVDave
To: NVDave
What exactly does Obama have going for him to save the economy, to make people see he has a real plan?
To: VOA
Australian banks are having problems as well, and their economy is dependent on China and commodities doing well.
174
posted on
10/06/2008 8:30:49 AM PDT
by
Thane_Banquo
("They aren't people! They're the ACLU!" - General Patton in An American Carol)
To: palmer
I expect a 1.0% rate cut. And I expect it to have no impact on the liquidity crisis. Japan’s rates are still at 0.5% and little good they have done for economic growth. We are going the same way.
To: uncbob
The Government and Culture has made sure that every American feels a sense of entitlement, and that any and all risks should ultimately be borne by the Public as a whole.
Anything that is “unfair” must be remedied by a heavy handed authority and personal responsibility is now racism.
176
posted on
10/06/2008 8:31:14 AM PDT
by
Boiling Pots
(Hey B. Hussein, are you going to prosecute me now?)
To: ari-freedom
Some of us warned about the Patriot Act in the wrong hands. I think we are soon to find out just how prophetic that was.
To: Freedom_Is_Not_Free
Fed added $900 billion (with a B) in TAF auctions. Did jack nothing. Rate cut will only be a psychological band-aid. Nothing going on in the market is based on reason. This is pure emotion. Pure panic.
178
posted on
10/06/2008 8:32:14 AM PDT
by
Thane_Banquo
("They aren't people! They're the ACLU!" - General Patton in An American Carol)
To: chimera
I hear there are many Americans living in CR. I can see the lure, warm turquoise water, sandy beaches, palm trees, nice weather, fresh seafood, etc.. I’ve dreamed about things like that myself.
179
posted on
10/06/2008 8:32:35 AM PDT
by
HollyB
To: Thane_Banquo
180
posted on
10/06/2008 8:33:41 AM PDT
by
dragnet2
(We witnessed the biggest expansion of government in American history)
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