Official death of the Dow thread.

[Carehn]

In this thread we will discuss the death of the Dow like those who watch fireworks or a burning building.

Predictions anyone? I say it drops another 500 today.

[brandon]

Maybe another down day, down month, or down year. But I don't think it's the death. For those of us with our retirements still decades away, this presents a great buying opportunity.

I could see -500 today though.

[Danke]

What about the Plunge Protection Team?

http://www.bitsofnews.com/images/graphics/economy/bernanke_superman_intro300px.jpg

[Carehn]

What about the Plunge Protection Team?

http://www.bitsofnews.com/images/graphics/economy/bernanke_superman_intro300px.jpg

Turns out that reality is like kryptonite to them.

[nobody's_hero]

I predict that the Fed will inject 5 bazillion dollars into the market, and people will see the numbers rise and not question the value of the numbers (as the sheeple often do with money).

The Dow Jones Industrial Average will skyrocket to 500,000, and the government will claim that business is booming!

Your stock is suddenly worth $5,000 a share. . .

. . . the problem $5,000 won't buy a loaf of bread after the inflation.

[Don Lapre]

I think we're going to see some knee-jerk selling today, but don't expect a 500 pt drop.

The markets have already taken a pretty big hit over the past week, and some of it was in anticipation of a credit downgrade.

If I had to make a prediction for today, I'd say the dow will shed about another 200 pts.

[Bern]

Dow will swoon, but it won't die. At least, not completely.

[Cowlesy]

Dow down 83.

[WilliamC]

The Dow never dies, they just switch out the stocks that comprise it on a regular basis.

By picking the right stocks for the Dow index they can make it anything they want to.

[Carehn]

No way guys. This is the big one. It may not die today but im calling no more little bumps on the way down. Shit has hit the fan and this time i don't see them papering over it.

ITS BLACK MONDAY!


http://www.youtube.com/watch?v=e8-sMJZTYf0

45 mins till detonation

[Carehn]

Im off to work. see you boys on the other side.

[pcosmar]

What about the Plunge Protection Team?



This was my thought. Will we see the PPT use their dark arts to pull some rabid rabbit from their pointy hats?

[Bern]

PPT team is focused on FX & PMs right now.

[Kludge]

-220

[Diurdi]

The truth is that there are good and value creating companies on the Dow, and because of that fact alone it will never die.

Sure, it will still probably drop alot and the fundamentals are bad. But there is still genuinely productive activity being conducted in the US.

[YumYum]

The Dow has been over-valued because of speculation. If the speculators finally get out of the stock market, maybe we will see the true value of stocks. Maybe the Dow will go down to 5,000-6,000 and stay there.

[moostraks]

Turns out that reality is like kryptonite to them.

:D

[brushfire]

What about the Plunge Protection Team?

http://www.bitsofnews.com/images/graphics/economy/bernanke_superman_intro300px.jpg
Turns out that reality is like kryptonite to them.

Isn't that wall street sign made of Kryptonite? Super Ben is flying away from it...

Maybe he finally figured out... "Know what you're good at, and know your weaknesses."

[Kludge]

-300

Gold up over $50 today. S&P decided to downgrade Fannie & Freddie just now, too. Pushed DJI from -220 to -300. Are they just f'ing with the USG? Oil down nearly 4%.

[YumYum]

How is everybody feeling right now?

1) excited/happy

2) depressed

3) afraid

4) angry

5) panic/anxiety

6) not feeling anything

[brushfire]

What about the Plunge Protection Team?

http://www.bitsofnews.com/images/graphics/economy/bernanke_superman_intro300px.jpg


How is everybody feeling right now?

1) excited/happy

2) depressed

3) afraid

4) angry

5) panic/anxiety

6) not feeling anything

7) concerned

[pcosmar]

How is everybody feeling right now?

1) excited/happy

2) depressed

3) afraid

4) angry

5) panic/anxiety

6) not feeling anything

Curious.

Watching to see what exactly happens.
I have no money in the market.
Am Unemployed (with no real hope of employment)
Have listened to many predictions for some time.

I'm standing on the Moon.

[YumYum]

7) concerned

I'm glad you listed that.

I was number 3) "afraid", but I am more concerned than anything at this moment. That may change as the day wears on.

[Kludge]

-370. Debt downgrade irrelevant in this dip? Influx of cash to treasury bonds.

[YumYum]

Curious.

Watching to see what exactly happens.
I have no money in the market.
Am Unemployed (with no real hope of employment)
Have listened to many predictions for some time.

I'm standing on the Moon.

Great view!:)

[eduardo89]

-500 seems a bit high, i predict -276 for today

[moostraks]

Curious.

Watching to see what exactly happens.
I have no money in the market.
Am Unemployed (with no real hope of employment)
Have listened to many predictions for some time.

I'm standing on the Moon.


curious would be about my stance as well...maybe mixed with a bit of concern as to how things pan out as the media spins the issue to tptb's advantage.

[Diurdi]

-500 seems a bit high, i predict -276 for today -350 already.

[flightlesskiwi]

7) concerned

option 7 (and a bit 3--afraid)

no money in the stock market here.

but i want to be able to feed my kids in the future.

[Kludge]

curious would be about my stance as well...maybe mixed with a bit of concern as to how things pan out as the media spins the issue to tptb's advantage.
10-yr treasury bond yield dramatically down, suggesting faith in USG (relative to EU, at least) is majorly up.

[eduardo89]

-350 already.

it's still early. it'll probably drop down a bit more, before it stabilizes and closes at the -250 to -302 range

[YumYum]

it's still early. it'll probably drop down a bit more, before it stabilizes and closes at the -250 to -302 range

The only reason it would do that it is because of the day traders. If it does go down and closes next to 500, it's because it has a lot further to go and the day traders will wait.

[eduardo89]

-304.63 (-2.66%) as of 10:50AM EDT

I actually should revise my prediction to -300 to -320, which would be about the same percentage drop that we saw in Asia and Europe today.


Nasdaq seems to be taking more of a hit than the DJIA, currently at -3.85%!!

[Kludge]

-220

[Fredom101]

Gold up 50 bucks over 1700 now! Wow!

[osan]

In this thread we will discuss the death of the Dow like those who watch fireworks or a burning building.

Predictions anyone? I say it drops another 500 today.

Down about 250 so far.

Dow has lost about 10% of its value in the past several days. Market lost 6% in '29 and that was called a "crash". Funny how that word is getting no traction in the MSM these days.

Move along folks... nothing to see here.


-287 moments ago.

[Pants]

Hard telling where this thing will close. Depends on if any other bad or good news comes down. Also depends on if the Fed will pump money into the market. CNBC thinks that will happen around 11,000 if it dips that far, A lot of people might have a lot of automated sell offs set around 11,000 and that will cause a domino effect. I'm surprised we didn't have a 500 point drop.. I guess -350 was close enough.

[angelatc]

Gold up 50 bucks over 1700 now! Wow!

I was up late last night watching it tear up the charts. According to Kitco, spot hit $1716.50 at one point, but couldn't hold it.

My Dow today prediction - -130.

[TCE]

I was up late last night watching it tear up the charts. According to Kitco, spot hit $1716.50 at one point, but couldn't hold it.

My Dow today prediction - -130.

Are you thinking there is going to be a late rally? Looks like widespread uncertainty right now but typically clarity is gained as the day goes on. I'm wondering if this is in response to something other than the downgrade 'cause it seemed like the market tumble last week was related to the impending downgrade. Could this be the result of Fannie and Freddie and a bit of a delayed reaction to the unemployment numbers? Funny how the Asian markets rushed to PM's and the U.S. market rushes to Treasuries.

[Pants]

I just hope it doesn't drop too far. I have been unemployed for over a year. I have a couple of interviews this week for a couple of positions that just opened up. I hope this doesn't crash too hard where they say "sorry we decided we aren't going to hire right now"..

[TCE]

I just hope it doesn't drop too far. I have been unemployed for over a year. I have a couple of interviews this week for a couple of positions that just opened up. I hope this doesn't crash too hard where they say "sorry we decided we aren't going to hire right now"..

Good luck with your interviews. Statistically speaking, at least one of the interviewers won't say that and more likely than not, you should be fine. Remember that all of last week there was mass uncertainty in the stock market. Also, if the places you are interviewing for have money invested in PM's or use oil, which is down 3-4%, they will be more than happy to hire you as their costs have dropped. In all likelihood, though, companies won't decide to stop hiring based on this alone. You should be in the clear. Again, good luck!

[Peace&Freedom]

Dow at about -315-320 now.

[heavenlyboy34]

How is everybody feeling right now?

1) excited/happy

2) depressed

3) afraid

4) angry

5) panic/anxiety

6) not feeling anything
A little depressed, but hopeful the crash will destroy my major debt-holders (my student loan issuers).

[Pants]

I understand. I suppose with the market down, that will also put us in deflation mode, and cut the prices for energy down (which is about as important to a business as interest rates). I think this is a correction we needed for a long time, there were too many artificially inflated stocks out there.


Good luck with your interviews. Statistically speaking, at least one of the interviewers won't say that and more likely than not, you should be fine. Remember that all of last week there was mass uncertainty in the stock market. Also, if the places you are interviewing for have money invested in PM's or use oil, which is down 3-4%, they will be more than happy to hire you as their costs have dropped. In all likelihood, though, companies won't decide to stop hiring based on this alone. You should be in the clear. Again, good luck!

[Pants]

haha.. Bank of America nearly 10%..

[Uncle Emanuel Watkins]

This is all being caused by the jobless economy. That in turn was caused by the government which continues paying unemployment compensation which has worked to keep people idle in the communistic states located up in the northern and in the western part of the nation. When the last large recession happened, the people up and moved to the states that had better economic policies, socially speaking.
In other words, this so-called "double dip" will just be people migrating away from the states with poor economic policies towards those states with better economic policies.
The sooner the market figures this out, the sooner it will stabilize.
President Obama realizes a mass migration is a worst case scenario concerning the development of his new brand of American communism. This is why he has bowed to the other global economists around the world working with them in an attempt to destroy the rest of the bright spots and healthy economies within other states that people might move to. Examples of this is the energy business in Texas. People tend to get truck driving jobs during recessions which is why the Federal government has destroyed the American trucking industry. In other words, in order to fix this problem once and for all, the whole economy needs to be destroyed and made a shambles.
If this doesn't work, he will have the FED counterfeit the rest of our economy out of business. Ultimately the extinction caused by mass starvation will lead to more green jobs, an ideal Muslim society, and the ultimate kind of service economy needed to help advance the remaining civilization to mass construct huge space vessels to colonize the Dark Side of the Moon and Mars.

[Pants]

I agree with you to some point, but there are 3 to 5 trillion dollars in FHA loans that are in default or about to go in default. So do you give people a few grand in extended unemployment with the hopes they find jobs so they can keep their homes? or bail out another 4 trillion in failed FHA loans.. Pick your poison.. Next thing to go are about 4 trillion in student loan defaults.

[sailingaway]

People have to challenge the idea that the Dow Jones industrial average is 'the market'. It is a specific list of 500 companies picked for global importance and is slanted to sensitivity to specific issues which do not correlate perfectly (by any means) to the welfare of our nation. I can assure you not a single small business nor a single 'poorly connected' business is listed in the 500 tracked. We need a more neutral means of evaluating the MARKET, not merely companies listed on the DOW.

Between that and the fact (from what I have read) that Goldman Sachs alone controls a sufficient percentage of daily trades to stop and start panics, we need to pay attention to and address fundamentals, not emotional indicators.

[YumYum]

People have to challenge the idea that the Dow Jones industrial average is 'the market'. It is a specific list of 500 companies picked for global importance and is slanted to sensitivity to specific issues which do not correlate perfectly (by any means) to the welfare of our nation. I can assure you not a single small business nor a single 'poorly connected' business is listed in the 500 tracked. We need a more neutral means of evaluating the MARKET, not merely companies listed on the DOW.

Between that and the fact (from what I have read) that Goldman Sachs alone controls a sufficient percentage of daily trades to stop and start panics, we need to pay attention to and address fundamentals, not emotional indicators.

An economist said that the sock market is not what needs to be followed to analyze the world's economy. The three markets to watch are the Credit Market, Derivatives Market and Mortgage Securities Market, and all three are bankrupt.

[squarepusher]

10-yr treasury bond yield dramatically down, suggesting faith in USG (relative to EU, at least) is majorly up.

or a PPT is manipulating that

[Original_Intent]

People have to challenge the idea that the Dow Jones industrial average is 'the market'. It is a specific list of 500 companies picked for global importance and is slanted to sensitivity to specific issues which do not correlate perfectly (by any means) to the welfare of our nation. I can assure you not a single small business nor a single 'poorly connected' business is listed in the 500 tracked. We need a more neutral means of evaluating the MARKET, not merely companies listed on the DOW.

Between that and the fact (from what I have read) that Goldman Sachs alone controls a sufficient percentage of daily trades to stop and start panics, we need to pay attention to and address fundamentals, not emotional indicators.

I thought the DJIA was only 30 companies - are you thinking of the S&P 500?

[Rothbardian Girl]

A little depressed, but hopeful the crash will destroy my major debt-holders (my student loan issuers).
LOL. Same here, man, same here.

[KingRobbStark]

The Dow is already dead. Its merely haunting the markets at the moment.

[eduardo89]

I thought the DJIA was only 30 companies - are you thinking of the S&P 500?

The the Dow Industrial is 30 companies. Used to be all industrial companies, but now it's basically just 30 really big companies from all sectors.

[eduardo89]

Today 12:50 PM

Dow Jones Industrial Index -2.61%
NASDAQ Composite Index -3.66%
S&P 500 Index -4.59%
NYSE Composite Index -3.93%
NYSE Arca Technology 100 Index -3.39%
PHLX Gold/Silver Index +2.53%


See a trend?

[RideTheDirt]

I approve of this thread:D

[Uncle Emanuel Watkins]

I agree with you to some point, but there are 3 to 5 trillion dollars in FHA loans that are in default or about to go in default. So do you give people a few grand in extended unemployment with the hopes they find jobs so they can keep their homes? or bail out another 4 trillion in failed FHA loans.. Pick your poison.. Next thing to go are about 4 trillion in student loan defaults.

I don't like putting it this way, but president Obama has been putting on a performance of trying to pull an economic recovery from his ass. In other words, all this suffering he is causing isn't funny.
So far, much of the audience has been quite pleased by president Obama because he has been able to get them extended unemployment benefits. People moving by mass migration to the other more successful states will be the metaphorical equivalent of the audience getting up to walk out on his performance.
Really, a mass migration is our nation's only hope out of this mess. Rooting up people from generations of tradition and culture is the high price one should have to pay when the states that they have lived for so long decide to abandon them by adopting Obamian Communism.

[dannno]

How is everybody feeling right now?

1) excited/happy

2) depressed

3) afraid

4) angry

5) panic/anxiety

6) not feeling anything


I need an emotion for when you read the script to a movie first and then watch it later.

Thanks Peter Schiff.

[sailingaway]

I thought the DJIA was only 30 companies - are you thinking of the S&P 500?

sorry! yes, I was thinking of the S&P earlier and the wrong index came out! It is the same, point, though.

[truthdivides]

I know this is a Dow thread, but the Nasdaq is down over 5% now.

[Carehn]

-496!!!
now what did i say??? 500

I just peter schiffded the hell out of that prediction.

peter schiff eat your heart out!
http://www.google.com/finance?client=ob&q=INDEXDJX:DJI

[Carehn]

Dow Jones Industrial Average ends wild day up 61 points; S&P 500, Nasdaq ...
Patriot-News - Aug 5, 2011
All news for .DJI » Subscribe
Advertisement

10,947.67 -496.94 (-4.34%)
Real-time: 2:17PM EDT
INDEXDJX real-time data - Disclaimer
Range 10,947.67 - 11,434.09
52 week 9,936.62 - 12,876.00
Open 11,433.93
Vol. 247.98M
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[bunklocoempire]

-496!!!
now what did i say??? 500

I just peter schiffded the hell out of that prediction.

peter schiff eat your heart out!
http://www.google.com/finance?client=ob&q=INDEXDJX:DJI

"I just peter schiffded the hell out of that prediction."

Lol! Sig line worthy if there ever was one!


Bunkloco

[Machiavelli]

600

[amonasro]

Testing -600...

[LibertAtOnce]

Wolf Blitzer: "Good news, stocks rallying to -520 after hitting -600 just 5 minutes ago."

[Carehn]

Wolf Blitzer: "Good news, stocks rallying to -520 after hitting -600 just 5 minutes ago."

No way!!! Times like this i wish i had TV. Hope someone finds a tube of that.

[eduardo89]

at 2:32 PM


Dow Jones Industrial Index -4.73% -541.25 points
NASDAQ Composite Index -6.11%
S&P 500 Index -5.89%
NYSE Composite Index -6.40%
NYSE Arca Technology 100 Index -5.62%

Silver $38.94 +$0.62 +1.67%
Gold $1714.60 +$51.20 +3.08%

[Fredom101]

No way!!! Times like this i wish i had TV. Hope someone finds a tube of that.

It's even funnier to watch CNBC on days like this. Maria Bartaromo used to crack me up. "The Dow is down 700 points today...BUT it's off it's low of the day, once being down over 900 points!" Hahahaha, yeah, it's GREAT!

[Carehn]

http://www.youtube.com/watch?v=dgQzZbNxZZ0

[ronpaulfollower999]

Burn baby burn! So much for the little money I had in to begin with years ago. Could care less at this point.

[eduardo89]

No way!!! Times like this i wish i had TV. Hope someone finds a tube of that.

here's CNN http://en.justin.tv/bandittv

[nobody's_hero]

This isn't my video, it's from the 2008 stock market fiasco. I thought I'd dig it up because it seems to be rather relevant today as well.


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

[Bordillo]

I doubt it will go below 9000

[dannno]

I doubt it will go below 9000

Today?

[TNforPaul45]

Looks like the Dow is over 9000!.... THAT'S IMPOSSIBLE!

[moostraks]

trending back up -333

[Diurdi]

-513

http://img827.imageshack.us/img827/9154/immposibru.jpg

[pcosmar]

-5i7

Wonder what caused that little (out of place) spike?

[amonasro]

-600 and falling...

It's a madhouse, a maaaadhouse!!!

[Original_Intent]

Cuz I'm FREE! Free-Fallin'! -630 and rush for the exits.

[Uncle Emanuel Watkins]

-600 and falling...

It's a madhouse, a maaaadhouse!!!


Get ready for the Great Economic Migration!

[PastaRocket848]

trending back up in the final moments... looks like we'll close -5xx... beats the -630 we were at lol

EDIT: OK i was wrong... back to -600+ at the bell.

[LadyBastiat]

This is all being caused by the jobless economy. That in turn was caused by the government which continues paying unemployment compensation which has worked to keep people idle in the communistic states located up in the northern and in the western part of the nation. When the last large recession happened, the people up and moved to the states that had better economic policies, socially speaking.
In other words, this so-called "double dip" will just be people migrating away from the states with poor economic policies towards those states with better economic policies.
The sooner the market figures this out, the sooner it will stabilize.
President Obama realizes a mass migration is a worst case scenario concerning the development of his new brand of American communism. This is why he has bowed to the other global economists around the world working with them in an attempt to destroy the rest of the bright spots and healthy economies within other states that people might move to. Examples of this is the energy business in Texas. People tend to get truck driving jobs during recessions which is why the Federal government has destroyed the American trucking industry. In other words, in order to fix this problem once and for all, the whole economy needs to be destroyed and made a shambles.
If this doesn't work, he will have the FED counterfeit the rest of our economy out of business. Ultimately the extinction caused by mass starvation will lead to more green jobs, an ideal Muslim society, and the ultimate kind of service economy needed to help advance the remaining civilization to mass construct huge space vessels to colonize the Dark Side of the Moon and Mars.

I would agree with your statement except for the fact that I already agree with what Schiff has to say in general about "planning" in this extreme.... Obama (and the majority of those who surround him) just isn't smart enough to carry out a plan like this. ;)

[LibertAtOnce]

I'm guessing all the big investors will buy at then end, so they can say that the stock are on the upswing

[PastaRocket848]

ok... so... watching these graphs has me asking a question:

how is this legal? if i bet $10 on a boxing match i go to jail. if i bet $10mil on the company that puts on the show... i'm all good. atleast i could hedge my boxing match bet with a state-issued lottery ticket...

twisted society....

[Feeding the Abscess]

http://www.youtube.com/watch?v=Y-VtFJ0eMTw

[pcosmar]

twisted society....

A Bizzaro world. I'm glad I don't play this game.
just watching is confusing.

[LadyBastiat]

ok... so... watching these graphs has me asking a question:

how is this legal? if i bet $10 on a boxing match i go to jail. if i bet $10mil on the company that puts on the show... i'm all good. atleast i could hedge my boxing match bet with a state-issued lottery ticket...

twisted society....

I've often wondered exactly the same thing. Even though I know enough now to argue otherwise, because of the stupidity of our government, the stock market IS more akin to gambling.

[YumYum]

I've often wondered exactly the same thing. Even though I know enough now to argue otherwise, because of the stupidity of our government, the stock market IS more akin to gambling.

It shouldn't be. When will people learn? There was a time when people bought stocks based on the performance of a company, not because Jim Cramer screams.

Rothschild is laughing in his grave right now!


The Dow is off 15.6% from its 2011 closing high. The Nasdaq is down 17.95%, and the S&P is down 17.9% from its closing high. We're getting closer and closer to bear-market territory, a 20% decline.

The S&P has lost 16.8% in just 11 days. Extraordinary.

The Russell 2000, meanwhile, is down 24.77% from its high.

http://blogs.wsj.com/marketbeat/2011/08/05/live-blog-markets-turmoil/?mod=e2tw

[Cowlesy]

Dow down 83.

roflmao i was so wrong!

[dannno]

I'm guessing all the big investors will buy at then end, so they can say that the stock are on the upswing

Maybe, but I doubt they'll use their own money.

[DamianTV]

Just because the DOW does good doesnt mean that its good for Main Street. They are accustomed to doing things at our expense now.

[eduardo89]

roflmao i was so wrong!

So was I, I predicted "only" -270

[pcosmar]

Just because the DOW does good doesnt mean that its good for Main Street. They are accustomed to doing things at our expense now.

Exactly my conundrum.
I have often wondered when Wall street was "doing well", when the reality was that the jobs, incomes, and livelihoods around the country were being lost.

And I watch the price of oil, Dropping is GOOD. The lower the better.
But Wall Street doesn't see it that way.

[Carehn]

We should start placing money in this thread. Better odds then the market at least. Tuesday...
down about 300

[Carehn]

Exactly my conundrum.
I have often wondered when Wall street was "doing well", when the reality was that the jobs, incomes, and livelihoods around the country were being lost.

And I watch the price of oil, Dropping is GOOD. The lower the better.
But Wall Street doesn't see it that way.
Not all of wall street is a scam and not all of it wants high gas prices.

There are many companies you can buy stock of (portions of) that are not evil.

[pcosmar]

Not all of wall street is a scam and not all of it wants high gas prices.

There are many companies you can buy stock of (portions of) that are not evil.

It was not a study of individuals, but rather an observation of the whole.

A general observation.
But I have often thought that speculation artificially manipulates prices.

[Uncle Emanuel Watkins]

I would agree with your statement except for the fact that I already agree with what Schiff has to say in general about "planning" in this extreme.... Obama (and the majority of those who surround him) just isn't smart enough to carry out a plan like this. ;)

A massive migration happening during this second dip that we are entering would be metaphorically comparable to the American people walking out as an audience on Obama's performance as president. We really need the massive migration to happen where people from the bad socialist states move to the good ones. In order for thisto happen, the government needs to be made to quit counterfeiting unemployment benefits.

[Carehn]

It was not a study of individuals, but rather an observation of the whole.

A general observation.
But I have often thought that speculation artificially manipulates prices.
Speculators serve a purpose as well. They free up resources from willing sellers who are better at moving on to the next thing wile the speculator has the skill of specific foresight.

Without speculators other portions of the market would be forced to hold much wealth for much longer in non liquid assets when they could be out using it to advance whatever skill they have onto the next project.

I know you did not say anything about outlawing speculation but i hear lots of people talk about it and i can only hope that most people come to understand the benefits of the speculators may go unseen but it far outweighs the cost that you hear about.

Speculation is a right of property. My right to speculate with my money. and Washington would have us believe that if i'm good at it i benefit at the loss of everyone else. That's what they say about all trades though and we know its not true.

[DamianTV]

Exactly my conundrum.
I have often wondered when Wall street was "doing well", when the reality was that the jobs, incomes, and livelihoods around the country were being lost.

And I watch the price of oil, Dropping is GOOD. The lower the better.
But Wall Street doesn't see it that way.

I really wish it was the other way around. What is good for Wall Street (IE Gas Prices) was good for Main Street, but sadly this just isnt so.

It pits them against us. Their profit margins are afforded on the backs of the people that still have jobs. And if it is more profitable for Wall Street to have less people working on Main Street. This is the exact opposite of what we need it to be. It should be that the more people that are working, the more we can produce (if we produced anything), and the more that is produced, the higher their profit margins would be. If all we do is Sales and Service, and dont produce anything, of course we are going to end up in an industry where it is profitable to import everything we consume from Communist countries, offer Tax Breaks to companies for producing there, have low tariffs to allow those prices to be lower in this country than what we produce here, we end up with this whole Wall Street vs. Main Street policy.

[AuH20]

Asian markets are bleeding out of the gate as well. Oh boy. Let it rain.

[headhawg7]

Asian markets are bleeding out of the gate as well. Oh boy. Let it rain.

Hong kong down 6.34%

[TulsaRevolution]

Financial markets are the poster child of unproductive monetary assessment.

The basis of an honest monetary system should be upon PRODUCTION. It is either productive, or it is valuable in the savings it provides you over the years (Something well built as opposed to something disposable). The economy today was built on basing dollar amounts higher and higher off of disposable consumable junk. Junk has no value, yet in the debt based system it somehow became the engine of economic growth.

So how do corner office occupants moving numbers around electronically produce anything? How productive is the financial sector? What do they add to our economy other than their ability to buy disposable junk with their bank accounts that have the balances 3-7 powers of 10 above yours? Their purchasing power may help the economy, but the promotion in the minds of everyone of the idea of not having to PRODUCE something is more harmful in the long run.

Productivity is the bottom line and we have lost it to the idea of the stock market being the measurement of prosperity.

[Uncle Emanuel Watkins]

I really wish it was the other way around. What is good for Wall Street (IE Gas Prices) was good for Main Street, but sadly this just isnt so.

It pits them against us. Their profit margins are afforded on the backs of the people that still have jobs. And if it is more profitable for Wall Street to have less people working on Main Street. This is the exact opposite of what we need it to be. It should be that the more people that are working, the more we can produce (if we produced anything), and the more that is produced, the higher their profit margins would be. If all we do is Sales and Service, and dont produce anything, of course we are going to end up in an industry where it is profitable to import everything we consume from Communist countries, offer Tax Breaks to companies for producing there, have low tariffs to allow those prices to be lower in this country than what we produce here, we end up with this whole Wall Street vs. Main Street policy.

Wall Street is good for tyranny the same way gambling is good for milking the people back into poverty. Let's not forget, what racism will always be to the south, so, loyalism will always be the same regarding New York City. I consider the place to be ground zero for the enemy to the United States just as it once was a loyalist friend to the British. In comparison to all that financial absurdity that goes on up in New York City, the best investment for the people of the United States is the creation of small businesses on the local level. Small companies pay more, create more useful products, pay more into taxes, and fill up more office space than huge corporations.

[LibertyEagle]

TulsaRevolution,
Your post would have been really good, if you wouldn't have sunk down into the gutter with nasty language.

[TulsaRevolution]

TulsaRevolution,
Your post would have been really good, if you wouldn't have sunk down into the gutter with nasty language.

Comedy is all relative to how you think, so I understand you not appreciating that. I edited my post and extend you the option to re-read it.

[Carehn]

35 Minuets till DETONATION!

I'm Starting to think this could be another -500 day.

[Carehn]

Check it out! They changed the opening bell for these modern days.


http://www.youtube.com/watch?v=2Kjh9lQXLWk

[pcosmar]

This morning makes no sense to me, and all made the same jump at the same time,,,

What happened to cause that? And how can it be a "good" thing?

is there some inside information that I'm missing?

[brandon]

^^People oversold yesterday. Those that think this is a bottom, short term or long, are buying back in.

[gls]

I feel so bad for my friends/family who have been losing big in the market. Why didn't they listen to me four years ago?? :mad: This is the most predictable "crisis" ever.

[dannno]

^^People oversold yesterday. Those that think this is a bottom, short term or long, are buying back in.

http://lessknownfacts.com/images/posts/dead-cat-bounce.jpg

[pcosmar]

What is Ludomania?

http://www.betfilter.com/index.php?page=what-is-ludomania

[truthdivides]

-100 today

[UWDude]

LoL. Stock market cant even get a good dead cat bounce. Eventually it will, but everybody will already know that is exactly what it is.

[Zippyjuan]

As of right now it is about the same as the opening quote.

[truthdivides]

Opening with -320

[Aliangel]

Yes we can boys and girls!!!!

[flightlesskiwi]

http://i1195.photobucket.com/albums/aa384/flightlesskiwi/gold1776.jpg

got it.:D

[truthdivides]

-400

[JamesButabi]

http://www.youtube.com/watch?v=7YEPUswpbMc

[truthdivides]

Down over 500 for the day.

[eduardo89]

-520 today. Predictions for tomorrow?

[Aliangel]

-257 tommorrow

[UWDude]

gets down 300 pts, then in last hour, has a magical comeback to break even or even 200 pts up.

[Vessol]

http://www.youtube.com/watch?v=7YEPUswpbMc

E-trade keeps pulling it.

Just youtube it, it's constantly being reloaded.

[DamianTV]

http://www.youtube.com/results?search_query=etrade+baby+loses+everything&aq=1z&oq=etrade

[Carehn]

You guys see what they said about the up swing on tuesday? Said it may have been due to a computer glitch.... WTF is that. I get the filling people are not only Fing with the market through the fed but even the numbers are being messed with. So all of Tuesday was a ''mistake'' Hu! I wonder what someone who pumped half a mill into the markets thinks about these little computer glitches.

Today its down -777. I have a filling the market is about to humble this nation.

[Carehn]

God money is about to smite us down.

http://www.youtube.com/watch?v=cV2EUUF47Ms

[DamianTV]

Uncle Sam goes to the Doctor and says "Doctor! It hurts when I do this!" to which the Doctor replies "Then don't do that!"

(I.E. Spend Crazy)