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%)

[TrappedInLiberalHell]

I vote for the first guy mentioning "dead cat bounce" in this thread getting banned for the rest of the day. I HATE that cliche!

Looks like the first guy mentioning it is some guy named SamAdams76. Let's ban him! :)

[Alberta's Child]

When we atack Iraq, the markets will reel all over again.

I wouldn't be too concerned about that -- the U.S. has no intention of attacking Iraq anytime soon.

[AntiScumbag]

Post more about the certification deadline

ok

the deadline is meaningless, markets discount known future events

certification is meaningless, other than the fact that it will tend to drive good c.e.o.s out of the way of the hunt for scapegoats by trial attorneys

years from now, when the market bottoms, you won't read about it here or anywhere else, there will be no public interest in the market at all

[NeoCaveman]

That is a very good point. I'm not terribly concerned about the upcoming weeks, months, or even years. I'm really interested in what the stock market will look like in 2035.

Sure I wish I had sold two years ago but I didn't so the last thing I'm going to do is sell out to the smart old men at a discount.

2035? You must be a young one like I am.

[Denver Ditdat]

I vote for the first guy mentioning "dead cat bounce" in this thread getting banned for the rest of the day. I HATE that cliche!

"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.

[RightWhale]

I pretty much agree with your analysis. It might work out. Or perhaps we will be neighbors in cardboard boxes on skid row in a couple of years.

[cajungirl]

I am buying today. So there!!!

[xzins]

True. But that railroad has a real means of getting a slow, steady return based on real sales of a real commodity. The same with autos, soap, goods, etc.

But stability isn't a bad thing right now. Bonds have low returns anyway, don't they? Isn't that the only true alternative?

[Mo1]

Not sure when the best time is .. but I hear Warren Buffitt started buying last week

[Lower55]

LOL

[wardaddy]

You are quite right. The Dems and Media are absolute dogs on this issue. They would torpedo the economy thru emotive flame fanning if it will destroy Bush at the same time. And what's their solution? A decidedly more state-oriented econmy.....more "dustbins of history" ideas.

[Wyatt's Torch]

You swerved into it. What happened 2 weeks ago when the Senate rejected expensing stock options? the market rallied from 400+ down to near even. Every time Bush or some other government big-wig talks about "corporate responsibility" and "punishing the crooks in corporate America" the markets slide further. When is the defining point of when the indices began their slide today? Around 11:15 - 11:30? What time did Bush speak? Try this on for size - A Runaway Train on Wall Street

[Alberta's Child]

Good strategy.

"A bear market is the environment in which stocks are returned to their rightful owners."

I wish I could attribute that quote properly, but I don't know the source.

[Lower55]

Most Overused FReeper Phrases

I hate 'LOL"..........LOL

[It'salmosttolate]

Below is a link to a Miami Herald article that you may find of interest:

Economy threatens president's standing

[Dog Gone]

[ken5050]

OK..it's a "snipe" hunt.....

[VRWC_minion]

It seems as if its going down 200-300 pts a day and then holding level.

[Cold Heat]

CFOs and their CPA firms err on the side of caution and reduce earnings expectations just to be totally free of future scrutiny

This is what is happening now! The accounting proffession is guilty of not staying with solid general accouting priciples. They got careless during the dot com boom and invented ways of making companies look good. Their man in the whitehouse enjoyed the glory and encouraged more of it.

The things accountants are doing like EBIDA calculations, etc have finally come around to bite them.

The financial universe must achieve balance!

[NeoCaveman]

"A bear market is the environment in which stocks are returned to their rightful owners."

I wish I could attribute that quote properly, but I don't know the source.

I'm not sure probably J.P. Morgan, then again the phrase may predate even him.