Today, I Am NOT Cheering the Fall of the DOW

[ghengis86]

My eyes have been opened; no more cheering. Only crying.

[Anti Federalist]

I hated to look.

What was the final close yesterday?

What is it right now?

[ShowMeLiberty]

My eyes have been opened; no more cheering. Only crying.

I haven't been cheering either, but what changed your mind?


I hated to look.

What was the final close yesterday?

What is it right now?

Yesterday closed down about 360-something, iirc.
Right now, down 146.95 at 9808.55

[zach]

Someone explain the significance of the DOW please. :) I'm not schooled in it yet.

[JoshLowry]

My eyes have been opened; no more cheering. Only crying.

lolsarcasm?

[brandon]

Someone explain the significance of the DOW please. :) I'm not schooled in it yet.

Dow is just an 'index' that tracks the stock price of the 30 largest US companies. It's value is supposed to reflect the US economy as a whole, but some people claim other indexes are more accurate. The DOW is the most reported and analyzed of all the indexes though.

[thechitowncubs]

Someone explain the significance of the DOW please. :) I'm not schooled in it yet.

Its like a handpicked index of large companies with some criteria. It is a good measure of how the big business's are doing.

[freelance]

Someone needs to tell Bernanke to SHUT UP. The market has begun to tank ever since he started his blathering on TV.

[Daamien]

Its like a handpicked index of large companies with some criteria. It is a good measure of how the big business's are doing.

Somewhat correct. It more accurate to say that it's a good measure of how investors think big business will be doing in the future, given that investors are either seeking income though dividend payments and/or a growth in share value by assuming the company will be profitable in the future on the basis of publicly available information.

[Cleaner44]

Someone needs to tell Bernanke to SHUT UP. The market has begun to tank ever since he started his blathering on TV.

Let it tank. Let this whole phoney system of unsound money collapse into a heap.

[ShowMeLiberty]

Let it tank. Let this whole phoney system of unsound money collapse into a heap.

I agree with that and I believe it is inevitable. I'm still not cheering though because it means dangerous and frightening times ahead before new, sound systems are able to fill the void.

[ClockwiseSpark]

"When Ben Bernanke talks the DOW drops." lol

[LibertyEagle]

Someone needs to tell Bernanke to SHUT UP. The market has begun to tank ever since he started his blathering on TV.

+1

[ghengis86]

I haven't been cheering either, but what changed your mind?



Yesterday closed down about 360-something, iirc.
Right now, down 146.95 at 9808.55

all the rational arguments made in yesterday's thread. specifically that since i am self sufficient, i must make the jump in thought that even if there is a fall of a fraud based monetary system and regulations of which i am severely removed, i must be admonsihing those who didn't figure this out before the system collapsed and my enthusiasm for this economic downturn is actually celebrating grandpa joes inability to understand economics or propaganda and i am directly cheering his demise and ultimately my own (since i'm so tied to the market).

[ClockwiseSpark]

Every Breath Bernanke Takes

http://www.youtube.com/watch?v=ipJTqCbETog

[ghengis86]

Dow322.57-3.24% 9,632.93
nasdaq71.32-3.83% 1,791.64
s&p 50038.12-3.61% 1,018.77
1:54 est

[MikeStanart]

Every Breath Bernanke Takes

http://www.youtube.com/watch?v=ipJTqCbETog

lol!

Not necessarily a criticism of the FED, (just bernake) but creative and funny nevertheless!

[thomaspaine23]

Congratulations America, You've just Been Bernankeed!!

[anaconda]

I agree with that and I believe it is inevitable. I'm still not cheering though because it means dangerous and frightening times ahead before new, sound systems are able to fill the void.

This has been my hope as well. Unfortunately, I don't have overwhelming confidence that wonderful new things will arise from the ashes. The jury is out.

[ronpaulhawaii]

I haven't been cheering either, but what changed your mind?



all the rational arguments made in yesterday's thread. specifically that since i am self sufficient, i must make the jump in thought that even if there is a fall of a fraud based monetary system and regulations of which i am severely removed, i must be admonsihing those who didn't figure this out before the system collapsed and my enthusiasm for this economic downturn is actually celebrating grandpa joes inability to understand economics or propaganda and i am directly cheering his demise and ultimately my own (since i'm so tied to the market).

:cool:

http://i209.photobucket.com/albums/bb19/mkauai/Applause2.gif

[rockandrollsouls]

all the rational arguments made in yesterday's thread. specifically that since i am self sufficient, i must make the jump in thought that even if there is a fall of a fraud based monetary system and regulations of which i am severely removed, i must be admonsihing those who didn't figure this out before the system collapsed and my enthusiasm for this economic downturn is actually celebrating grandpa joes inability to understand economics or propaganda and i am directly cheering his demise and ultimately my own (since i'm so tied to the market).

Well, forgive me for fueling the fire, but what makes you guys think that the dollar will be replaced with hard money? I expect a move to the "Amero."

[torchbearer]

Dow322.57-3.24% 9,632.93
nasdaq71.32-3.83% 1,791.64
s&p 50038.12-3.61% 1,018.77
1:54 est

did it finish below 10,000?

[ghengis86]

Dow443.56-4.46%
9,511.94nasdaq91.45-4.91%
1,771.51s&p 50050.64-4.79%
1,006.25

[ghengis86]

Well, forgive me for fueling the fire, but what makes you guys think that the dollar will be replaced with hard money? I expect a move to the "Amero."

speaking for myself only, I don't think I've ever stated that I thought the dollar would be replaced with hard money. but even if there was the amero, wouldn't gold/silver protect your wealth?

[ihsv]

Well, forgive me for fueling the fire, but what makes you guys think that the dollar will be replaced with hard money? I expect a move to the "Amero."

I think they'll skip the Amero and come up with a global currency, global regulations, global trade rules, global-everything-financial. Imagine the incredible monetary power (as if they don't have it already) they'd have over any nation that wishes to take part in the "global community?" Global financial turmoil is the perfect storm for such a move. It may be decades before they have another chance like this.

[ghengis86]

DOW500.51-5.03% 9,454.99
NASDAQ108.08-5.80% 1,754.88
S&P 50060.44-5.72%

still not cheering, pass the tissue please. (where's the PPT?)

[ihsv]

still not cheering, pass the tissue please. (where's the PPT?)

Bankrupt?

[Thomas_Paine]

Let it tank. Let this whole phoney system of unsound money collapse into a heap.

I hear you loud and clear, trouble is a lot of good people are going to be hurt by the collapse. Pension funds are all at risk

[ghengis86]

tagline on money.cnn.com

"Dow sheds 508 points. Fed plan fails to reassure; Bernanke adds to worries"

Sooo...admitting you have a problem is the first step in treating a credit addiction; so why does benanke want to cut interest rates?

[angelatc]

I hear you loud and clear, trouble is a lot of good people are going to be hurt by the collapse. Pension funds are all at risk

Money that people are expecting to use in a short period of time shouldn't have been in the market.

I worry more about my husband's job. At least he sells food and not cars.

[newyearsrevolution08]

Let it tank. Let this whole phoney system of unsound money collapse into a heap.

+1

[ghengis86]

~900pts lost in two days

that bailout idea was awesome! we're barney frank and his male whores when you need him (by 'male whores' i'm obviously referring to his buddies in the house...duh)

[Deborah K]

I think they'll skip the Amero and come up with a global currency, global regulations, global trade rules, global-everything-financial. Imagine the incredible monetary power (as if they don't have it already) they'd have over any nation that wishes to take part in the "global community?" Global financial turmoil is the perfect storm for such a move. It may be decades before they have another chance like this.

Yeah, and it will start with Obama's f'king 'Poverty Tax Act'. http://www.capmag.com/article.asp?ID=5152

[TonySutton]

My eyes have been opened; no more cheering. Only crying.

I relate this to finding out you have cancer. Is it terrible? Yes... Is the cure bad? Yes... Will you be happy once the cure has rid you of the cancer? HELL YES

It just sucks until you get through it, but to get healthy again, we must get through this.

[ghengis86]

for some that have missed it
http://www.ronpaulforums.com/showthread.php?t=161316

hence the current thread.

[Highland]

Congratulations America, You've just Been Bernankeed!!

that was a great thread wasn't it! :)

[Highland]

for some that have missed it
http://www.ronpaulforums.com/showthread.php?t=161316

hence the current thread.

Thanks for understanding my point...it is a very hard time for all of us...especially when Americans become desperate.;)

[JosephTheLibertarian]

My eyes have been opened; no more cheering. Only crying.

Why?

[Highland]

Why?

shhh it is because he is bi-polar....:D

[Dequeant]

I'm cheering the fall. The way I see it, the only way to shake the apathy out of america is to have the powers that be take away everything.

Only then will they wake up to the whole farse of a system we have in government.

[Carole]

Someone needs to tell Bernanke to SHUT UP. The market has begun to tank ever since he started his blathering on TV.
:D

If only his meek little voice did not SHAKE so much when he speaks. Somehow it does not evoke confidence. :) It sounds like he is scared to death.

[JosephTheLibertarian]

shhh it is because he is bi-polar....:D

Sometimes I think I am ;)

[cybloo]

I keep having this scene like A&E's Intervention going through my brain:

There is a large room where multiple people are sitting in a circle. Ben Bernanke, Alan Greenspan, the Bush Administration, and a handful of CEOs from Fannie, Freddie, Goldman, AIG, and others (such as Representatives and Senators) are a part of the circle along with many, many Americans. The intervention counselor is sitting at the head of the circle, between me and Paulson. She has a stack of documents on the floor sitting next to her chair and she is holding a legal tablet. The officials present look like they want to be anywhere else but there and some Americans are crying, others look frustrated, and the rest just look completely pissed off.

Counselor: "Courtney, how did it make you feel when you found out the House passed the revised Senate bailout bill?"
Courtney: "I was so upset," I sniffle, "I mean, I called all of my representatives and senators, called a lot of other representatives and senators, faxed and emailed them all too and it was like, whatever... they didn't want to listen to me."

The counselor nods for me to continue. I dab my eyes with a tissue.

Courtney: "It's like... I work so hard, I go to school, I try and do everything I'm told to do, and they," I gesture angrily at all of the officials there, "don't give a shit! I mean, they'd rather get their money fix no matter what -- and they don't care how it affects those around them."

The counselor then looks sternly at some of the officials. Ben Bernanke is rolling his eyes along with Barney Frank and Nancy Pelosi.

The counselor sighs. I burst into tears.

[libertarian4321]

I relate this to finding out you have cancer. Is it terrible? Yes... Is the cure bad? Yes... Will you be happy once the cure has rid you of the cancer? HELL YES

It just sucks until you get through it, but to get healthy again, we must get through this.

Most people who get cancer die from it, they don't recover.

Those that do recover are almost never "better" than they were before they got it.

This economic collapse helps no one.

[ghengis86]

shhh it is because he is bi-polar....:D

not me my friend. i only like girls.

[enjerth]

I'm not cheering the fall, but I'm relieved to see it happen.

The way I see it, this is as a tidal wave set to unleash. The longer it swells up, the more devastating the results will be. I believe that the sooner this happens the less severe it will be. Mercy is in a swift execution.

[ghengis86]

Why?

how dare you ask such a question in times like these when people are losing EVERYTHING!!!! If you're cheering the end of a shitty monetary system, government intervention and fascism, you're cheering Joe Doe's citizens' demise. Can't you see how myopic you are? Think of the greater good; think of the best interest of amerika; think of socialism.(see the thread below)

http://www.ronpaulforums.com/showthread.php?t=161316

[dr. hfn]

Fall dow fall!!!

American revolution 2!!!!!!!!!!!!!

[GunnyFreedom]

I'm not cheering the fall, but I'm relieved to see it happen.

The way I see it, this is as a tidal wave set to unleash. The longer it swells up, the more devastating the results will be. I believe that the sooner this happens the less severe it will be. Mercy is in a swift execution.

Hear here!

[ghengis86]

come on you guys, seriously. stop cheering the fall of the dow. can't you see that even if you are sympathetic to the effects of a collapsing economy on the regular citizen, you can't enjoy the fall of a corrupt system? jezz

[Malakai]

Let it tank. Let this whole phoney system of unsound money collapse into a heap.

If there was any chance of this coming of the fall of the current system I would clap and cheer.

Unfortunately we will get more big gov and more corporatism to replace the current big gov corporatism.

[PatriotLegion]

If there was any chance of this coming of the fall of the current system I would clap and cheer.

Unfortunately we will get more big gov and more corporatism to replace the current big gov corporatism.

Maybe if that happens the sheeple will awaken from the comfy beds of apathy!

[GunnyFreedom]

Maybe if that happens the sheeple will awaken from the comfy beds of apathy!

What offices are you currently planning on running for? :)

[TruthAtLast]

for all those people who want the economy to tank so that a new "sound" economy can emerge.... what makes you so certain that any new economy will be any better? What makes you think that the people in power are just going to fold and hand it back to the People?

I agree that the only way to get the nation's attention is for the House of Cards to collapse, but we can already see that they don't understand WHY it is collapsing. You see it on the news and in the Congressional debates and even in the hearings the last two days. They are blaming it on deregulation, predatory lending, and greedy Wall Street executives.

If Congress, the media, and the American People don't understand how this happened then why on earth would we except the "next" system to be any better? In many cases it will be WORSE. You can already see this! They are asking for more money to be pumped in, and more regulation. Their solution is more of the same thing that caused the disease!

[tpreitzel]

If Congress, the media, and the American People don't understand how this happened then why on earth would we except the "next" system to be any better? In many cases it will be WORSE. You can already see this! They are asking for more money to be pumped in, and more regulation. Their solution is more of the same thing that caused the disease!

I guess we're desperate and at a crossroads. Roll the dice and see what flies? The result is bound to be ugly, I agree. If it doesn't crash on its own, we can always try to blow it out of the skies like the Federal Reserve.

[worl]

that bush has not planned this. He has been secretly planning the nau for many years. It looks like him & congress has done everything they could to distroy the dollar. I think it's the amero & the nau next. Anyone here know how the eu was started.

[Arklatex]

I'm cheering the fall.


I have a ton of money in the market too.


to quote Benjamin Graham
"The intelligent investors loves the bear market"

or something like that :D

[thomaspaine23]

for all those people who want the economy to tank so that a new "sound" economy can emerge.... what makes you so certain that any new economy will be any better? What makes you think that the people in power are just going to fold and hand it back to the People?

I agree that the only way to get the nation's attention is for the House of Cards to collapse, but we can already see that they don't understand WHY it is collapsing. You see it on the news and in the Congressional debates and even in the hearings the last two days. They are blaming it on deregulation, predatory lending, and greedy Wall Street executives.

If Congress, the media, and the American People don't understand how this happened then why on earth would we except the "next" system to be any better? In many cases it will be WORSE. You can already see this! They are asking for more money to be pumped in, and more regulation. Their solution is more of the same thing that caused the disease!


In short we can't. However, I think the same argument was made in 1776.

[crackyflipside]

What offices are you currently planning on running for? :)

I'm too young to run for office... :(

[thomaspaine23]

So Thursday and Friday of this week are the biggies,

http://www.globalresearch.ca/index.php?context=va&aid=10474

This is what the bailout was for IMO. If there are a lot of contracts covering lehman's bad paper, many firms could go under. This will be the peak of the crisis IMO (Oct 9th and 10th).

In addition I think AIG CDS stuff comes due Oct 24th. So even if the financial system makes it through Lehman, we still have a big unknown coming down the pike.

[GunnyFreedom]

for all those people who want the economy to tank so that a new "sound" economy can emerge.... what makes you so certain that any new economy will be any better? What makes you think that the people in power are just going to fold and hand it back to the People?

I agree that the only way to get the nation's attention is for the House of Cards to collapse, but we can already see that they don't understand WHY it is collapsing. You see it on the news and in the Congressional debates and even in the hearings the last two days. They are blaming it on deregulation, predatory lending, and greedy Wall Street executives.

If Congress, the media, and the American People don't understand how this happened then why on earth would we except the "next" system to be any better? In many cases it will be WORSE. You can already see this! They are asking for more money to be pumped in, and more regulation. Their solution is more of the same thing that caused the disease!

The same way we made Congress fail the first bailout vote; and by putting OUR OWN PEOPLE in offices throughout the land over the next 4-6 years.

We have a hard 4-6 year effort ahead in making the 'rebuilding' go our way. Maybe as long as 8 years. Rome wasn't built in a day, and neither can our nation rebuild in a day.

Right now, we apply grassroots pressure to listen to Peter Schiff and Ron Paul etc on the economy. Tomorrow we vote to put our own people in charge of the GOP, and the day after we vote to put our own people in power.

[GunnyFreedom]

I'm too young to run for office... :(

Not too young to find or back someone else; and look at 2010, 2012, 2014, 2016.

[tonesforjonesbones]

Well...you can cheer...because you were proved to be right? alas, if you think you will come out of this unscathed...er...more power to ya. Have you ever been hungry? Most of you have never been with out your ipod! Take a gander at this:

Look up on snopes.com "store closings"

PARTLY TRUE.

i.e. Pier 1, Ann Tayor and more

An FYI,

If you have gift cards, hurry up and use them!!

Just passing this along


Ann Taylor closing 117 stores nationwide A company spokeswoman said

The company hasn't revealed which stores will be shuttered. It will let

The stores that will close this fiscal year know over the next month


Eddie Bauer to close more stores Eddie Bauer has already closed 27 shops in the first quarter and plans to close up to two more outlet st ores by the end of the year.


Cache closing stores

Women's retailer Cache announced that it is closing 20 to 23 stores

This year.


Lane Bryant, Fashion Bug, Catherines closing 150 stores nationwide

The owner of retailers Lane Bryant , Fashion Bug , Catherines Plus Sizes

will close about 150 underperforming stores this year.

The company hasn't provided a list of specific store closures and

can't say when it will offer that info, spokeswoman Brooke Perry said today.


Talbots, J. Jill closing stores

About a month ago, Talbots announced that it will be shuttering all 78

of its kids and men's stores. Now the company says it will close

another 22 underperforming stores.. The 22 stores will be a mix of Talbots

women's and J. Jill , another chain it owns. The closures will occur

this fiscal year, according to a company press release.


Gap Inc. closing 85 stores

In addition to its namesake chain, Gap also owns Old Navy and

BananaRepublic . The company said the closures - all planned for

Fiscal 2008 - will be weighted toward the Gap brand.


Foot Locker to close 140 stores

In the company press release and during its conference call with

analysts today, it did no t specify where the future store closures -

all plan ned in fiscal 2008 - will be. The company could n ot be

immediately reached for comment


Wickes is going out of business

Wickes Furniture is going out of business and closing all of its

stores, Wickes, a 37-year-old retailer that targets middle-income customers,

filed for bankruptcy protection last month.


Goodbye Levitz / BOMBAY - closed already

The furniture retailer, which is going out of business. Levitz first

announced it was going out o f business and closing all 76 o f its

stores in December. The retailer dat es back to 1910 when Richard

Levitz opened his first furniture store in Lebanon , PA. In the 1960s, the

warehouse/showroom concept brought Levitz to the forefront of the

furniture industry. The local Levitz closures will follow the shutdown

of Bombay .


Zales, Piercing Pagoda closing stores

The owner of Zales and Piercing Pagoda previously said it plans to

Close 82 stores by July 31. Today, it announced that it is closing another

23 underperforming stores. The company said it's not providing a list

of specific store closures. Of the 105 locations planned for closure,

50 are kiosks and 55 are stores.


Disney Store owner has the right to close 98 stores The Walt Disney

Company announced it acquired about 220 Disney Stores from

Subsidiaries of The Children's Place Retail Stores. The exact number of stores

acquired will depend on negotiations with landlords. Those

subsidiaries of Children's Place filed for bankruptcy protection in late March.

Walt Disney in the news release said it has also obtained the

right to close about 98 Disney Stores in the U.S. The press release

didn't list those stores.


Home Depot store closings ( E. Brunswick , Rt 18 just put up their

Closing sign) ATLANTA - Nearly 7+ months after its chief executive said there were

noplans to cut the number of its c ore retail stores, The Home Depot

Inc.announced Thursday that it is shuttering 15 of them amid a

Slumping U.S.economy and housing market. The move will affect 1,300 employees.

It is the first time the world's largest home improvement store chain has

ever closed a flagship store for performance reasons. Its shares rose

almost 5 percent.The Atlanta-based company said the underperforming

U.S.stores being closed represent less than 1 percent of its existing

sto res. They will be shuttered < /SPAN>within the next two months.


CompUSA (CLOSED) clarifies details on store closings Any extended

warranties purchased for products through CompUSA will be honored by a

third-party provider, Assurant Solutions. Gift cards, rain checks, and

rebates purchased prior to December 12 can be rede emed at any time

during the final sale. For those wh o have a gadget currently in for

service with CompUSA, the repair will be completed and the gadget will

be returned to owners.


Macy's - 9 stores


Movie Gallery - 160 stores as part of reorganization plan to exit

Bankruptcy The video rental company plans to close 400 of 3,500 Movie

Gallery and Hollywood Video stores in addition to the 520 locations the video

Rental chain closed last fall.


Pep Boys - 33 stores


Sprint Nextel - 125 retail locations New Sprint Nextel CEO Dan Hesse

appears to have inherited a company bleeding subscribers by the

thousands, and will now officially be dropping the ax on

4,000 employees and 125 retail locations. Amid the loss of 639,000

post paid customers in the fourth quarter, Sprint will be cutting a

total of 6.7% of its work force (following the 5,000 layoffs last year) and

8% of company-owned brick-and-mortar stores, while remaining mute on

other rumors that it will consolidate its headquarters in Kansas . Sprint

Nextel shares are down $2.89, or nearly 25%, at the time of this

writing.


J. C. Penney, Lowe's and Office Depot are scaling back


Ethan Allen Interiors: The companies announced plans to close 12 of 300+

stores in an effort to cut costs.


Wilsons the Leather Experts - 158 stores


Pacific Sunwear will close its 154 Demo stores after a review of

strategicalternatives for the urban-apparel brand. Seventy-four

underperforming Demo stores closed last May.


Sharper Image: The company recently filed for bankruptcy protection

And announced that 90 of its 184 stores are closing. The retailer will

still operate 94 stores to pay off debts, but 90 of these stores have

performed poorly and also may close.


Bombay Company: (Freehold Mall store closed) The company unveiled

Plans to close all 384 U.S.-based Bombay Company stores. The company's

Online storefront has discontinued operations.


KB Toys posted a list of 356 stores that it is closing around the

United States as part of its bankruptcy reorganization. To see the

List of store closings, go to the KB Toys Information web site, and click

On Press Information


Dillard's to Close More Stores. Dillard's Inc. said it will continue to focus on closing

Underperforming stores, reducing expenses and improving its merchandise in 2008. At

The company's annual shareholder meeting, CEO William Dillard II said the

company will close another six underperforming stores this year.

[GunnyFreedom]

come on you guys, seriously. stop cheering the fall of the dow. can't you see that even if you are sympathetic to the effects of a collapsing economy on the regular citizen, you can't enjoy the fall of a corrupt system? jezz

Don't you get it? :( :( :(

It's a cold, and it's a broken 'hallelujia.'

http://www.youtube.com/watch?v=AratTMGrHaQ

[GunnyFreedom]

Don't you get it? :( :( :(

It's a cold, and it's a broken 'hallelujia.'

http://www.youtube.com/watch?v=AratTMGrHaQ

Reference:

What Song Would You Want Playing on The Moment The Economy Tanks?
http://www.ronpaulforums.com/showthread.php?t=157203

My post on September 24th:
http://www.ronpaulforums.com/showpost.php?p=1703956&postcount=109

[libertarian4321]

In short we can't. However, I think the same argument was made in 1776.

Not really. In fact, when the war began in early 1775, the intention of the rebels was NOT to break away from England. They didn't want to turn the world upside down, they just wanted concessions.

[ghengis86]

Reference:

What Song Would You Want Playing on The Moment The Economy Tanks?
http://www.ronpaulforums.com/showthread.php?t=157203

My post on September 24th:
http://www.ronpaulforums.com/showpost.php?p=1703956&postcount=109

yes i do get.

thank you for the links/reference.