Todays Stock Market Thread (DJIA 7784.58 (-234.68; -2.93%) NASDAQ 1282.55 (-36.60; -2.77%)

[newsperson999]

Dow 7,784.93 -234.33 (-2.92%)
Nasdaq 1,288.09 -31.06 (-2.35%)
S&P 500 819.51 -28.25 (-3.33%)

[varon]

It may be that these assets (offices, factories, railroads, mines, etc.) can be a burden on the bottom line .....

If a company has none of your mentioned assets, how and where do they create income?

[steveegg]

Anybody who wants to put in a high-capacity electric transmission line between two places.

Please, build! We need more power.

[andy_card]

So, when in 20 weeks you hit ZERO, will you need a Federal Gambling Stamp in order to write off your losses ;-)

Not to worry. I've been partying like its 1929.

[Lee_Atwater]

So, Level 3 is a company in need of cash. As a shareholder will you refuse needed cash because of a dilution? Without the bond issue you may very well lose your equity. With the bond issue you MAY have a chance for a return, even with diluted ownership of the firm.

[mwl1]

What do you call a mutual fund manager this week?

Waiter!

[wardaddy]

This Bear started in 2000. Sept 11th was a lightning strike and has added to the emotion....understandably so. That combined with the Tech Meltdown and the Accounting Scandals are what is fueling this Bear. The Tech Meltdown is the only non-emotive factor and even that is now emotive based on a fear that it will happen again....in other words...it's generated pessimism. I do not think P/Es have to go back down to 1970s levels in order to have a stable market. P/Es even though correcting appear to have little to do with how individual stocks are performing in this highly charged market.

[Alberta's Child]

Anybody who wants to put in a high-capacity electric transmission line between two places.

You would think so, and yet over the last 50 years utilities and telecommunications companies rarely took advantage of the opportunity to purchase some of the cheapest rights of way available for this purpose (abandoned railroad alignments).

[steveegg]

Let's review the math. A compounded drop in a given number of periods is {1 - [(1 - drop in one period in decimal form) ^ number of periods]} * 100%. A daily drop of 5% yields a net drop in...
1 week of 22.6%
2 weeks of 40.1%
3 weeks of 53.7%
4 weeks of 64.2%
5 weeks of 72.3%
20 weeks of 99.4%

A weekly drop of 5% (more realistic given this market) yields...
2 weeks of 9.75%
3 weeks of 14.3%
4 weeks of 18.6%
5 weeks of 22.6%
10 weeks of 40.1%
20 weeks of 64.2%.

[Lazamataz]

This from someone who can't get a job.. now thats rich!!

Please post your evidence or citation that I have no job.

[Lazamataz]

And how does your commentary in any way deflect from the demonstrable thesis that you are mind-numbingly pig-ignorant?

[Alberta's Child]

If a company has none of your mentioned assets, how and where do they create income?

They could lease them. In fact, one of the trends in this country over the last few decades is that companies are less enthusiastic about owning the places where they conduct business. The flexibility of being able to move as circumstances change is one advantage, but in general I think companies would simply prefer to focus on what they do well (their primary line of business) and not worry about things that someone else does well (owning, managing, and maintaining real estate).

[Centurion2000]

Dead cat bounce" and "Hold muh beer" seem to be competing to knock the perrenial favorites "Nothing to see here, move along", "It's a religion of peace", and "A moose bit my sister once..." out of the top spots in the Most Overused FReeper Phrases category

I can't believe you .... you completely forgot the cheese references. :)

[G.Mason]

"Every time Bush or some other government big-wig talks about "corporate responsibility" and "punishing the crooks in corporate America" the markets slide further."

I'm with you.

Let's bring back the sleeze.

We'll help start them off with a slogan for the 2004 run.

How about.....

"HILLARY AND GORE
FOR THE POOR"

[Free Vulcan]

A very much needed correction. Though the Dow is around 8000, the Dow equivalent of the S&P right now is about 6600. I think we are very close to a bottom here, I am looking for a 400 point plus selling climax day to mark it. This is a GOOD thing folks, better in an upswing and not a recession.

[Alberta's Child]

Or, in the case of Jesse Jackson's campaign stops in urban areas, "HIL'REH AND GAW FOR THE PAW!"

[Lazamataz]

Thanks for saving me the trouble. Besides, what you wrote was funnier than what I came up with.

I have nothing against somewhat ignorant dottering old ladies. Heck, G-d has been making them since time began.

What I do have a problem with, is when they infest a party nominally dedicated towards freedom and call for ever-increasing statism, GPS monitoring, and the like. This Vet's person, I have been watching do just that.

[steveegg]

Your attention please; the next Cooked Book domino is Citigroup.

Dow -111
NASDAQ -21
S&P -16

[PayNoAttentionManBehindCurtain]

This should help the market today.

Breaking:Citi-Group About To Release Enron Like Problem.

BigMack

[Willie Green]

Please post your evidence or citation that I have no job.

Well, my sources have no information along those lines.
Of course, they're more concerned with the big picture rather than (no offense) trivial details..

[Lazamataz]

Well, my sources have no information along those lines. Of course, they're more concerned with the big picture rather than (no offense) trivial details..

LOL! Willie, you are irrascible. As much as I TRY I cannot dislike you. :o)