Posted on 02/17/2009 6:59:48 AM PST by wny
And away we go....
How bout a magic trick....(chuckle)
Wall Street knows the difference between S-— and Shinola!
If a (R) was in the White House, it'd be "Stocks Plummet..."
Hey look on the bright side, the day is not over yet....**sigh**
Democrat Crash of 2009
If it was a Republican, they’d being showing a ‘side by side’ shot of the market tanking as the Republican President was speaking....oh, wait,...they did that to Bush all the time....
If nothing else, the Dubya era ended any rational debate related to Mainstream Media bias.
The PPT and the rest of the merry band will step in. The Dow at 8K will probably be a standard for a while :(
I predicted 7600 back on Friday.
Just the beginning...
By Summer 5000 dow
This is a good thing. The Market has been overinflated for quite some time. Just check out the PE ratios for the S&P.
Democrash™
Today’s reaction is more probably tied to the severe dislocations occurring in Europe, triggered by what went on in Asia over our weekend...which was pretty dramatic. But, not to split hairs.
Markets are going to go where they have to go. They are bigger than any government effort to ringfence them. In its zeal to provide for our common welfare, government will, once again, wring every conceivable means of profitability out of capitalism. In doing so, wasteful, functionless/negative-functioning, and insider-dealing entities will have become the profit centers of the system; but only for a select few. At which point, it will make litle sense to conclude that for-profit companies will be able to generate profits anything like they once did. So, the decimation in the markets is nothing but logical. Indeed, the markets will relentlessly outwit the incompetents running the joint.
I think the DOW will drop below 7500 today.
U.S. MOST ACTIVE BY VOLUME
| PRICE | %CHANGE | VOLUME | |
| SIRIUS XM RADIO | 0.1999 | 90.56 | 59930084 |
This definitely ain't shoe polish!
“I predicted 7600 back on Friday.”
I predict 6900 will be the bottom when it tanks in June....hey, I can speculate as good as anyone else!
DOW was down 258.
Now it’s only down 259 (Typical CNBC comment)
250 Excuse me
“Wall Street knows the difference between S-— and Shinola!
“
Wall Street has a dictionary.
The Kenyan Manchild is definitely in over his head.
It’s a victory for the NEA, I suppose. We finally have an electorate stupid enough to elect an idiot.
DOW at 7575 now.
273 and dropping...... Has the One spoken yet? He had an awful lot to say during the campaign. He promised the autoworkers in Detroit jobs... he promised the coal miners in PA and OH jobs.... He ran and got elected on the economy and hs is failing to deliver. That “inherited it” B.S. isn’t going to cut it. The markets have gone south since he was elected.
That means “it’s off its lows of the day!”.
"What the hell kind of a clown are you?", "The crying inside kind...I guess" "Exact change or off the bus!"
He's such a tool.
sw
...Indeed, the markets will relentlessly outwit the incompetents running the joint.
***I hope you are right...we’re retired and although we don’t depend on “the market” for living expenses, it’s nice to have some “just in case $$.”
Meeting with our financial guy this A.M. and I honestly am so floored by this news I can’t even think of anything intelligent to ask him.
We can’t pull out... actually we could but something tells me that what Hussein wants us to do and I won’t give him the satisfaction.
Not quite panicked, yet, but damn close to it. I wish someone would wake me up from this nightmare...
Too late to bail out now.
They understand that Obama is tanking the economy intentionally.
“I predict 6900 will be the bottom when it tanks in June....hey, I can speculate as good as anyone else!”
The Dow will be at 5,000 by May Day.
I don't honestly know about that. Is the cup half full or half empty?
sw
Well said, though I don’t think anyone could extract us from what we’ll have to go through here economically. But I’ll remain in full blame mode as far as the elitist view of the left that the tyrrannical and Marxist idiocies they propose are any kind of solution for anyone other than themselves and their power and revenge-hungry minions.
I hate to say it, but not even the Democrats hold that much sway over the stock market. Mainly People just like to panic and run in herds over a cliff.. the Sheeple( who are quite possibly mainly Democrats) who invest in the stock market. Good ridance to them. Be glad when they all jump, so the stock market will reflect the value of the stock in the companies they represent, and American businesses can get back to business.
If the World markets are depressed, there is no where I had rather be than in the United States Economic Market.
I still have faith in American companies and their productivity, and their ability to produce a product that will generate a dividend to their stock holders.
bttt
ROFLMAO!
Dow down 252
Gold up 26 to $968.
Oh yeah, this “Stimulus” is going to fix what ails us.
The markets do in fact know the difference between s—t and shinola!!!!!!
I have the radio on, and the FOX news guys is practically in tears with excitement—”The wheels are up and Air Force One is in the sky, as President Barack Obama is on his way to sign the....” blah blah blah.
Good God, the worship for this guy is embarassing.
I Hope that when this all shakes out, I still have some Change in my pocket.
But the liberals in my office cube are still blaming Bush. I had to put my iPod earphones on just to shut them out.
Out at the Wal*Mart, on the bottom shelf in the grains aisle, they have a ten pound sack of rice for about four bucks.
Do yourself a favor next time you’re there. Grab a couple.
i had called 6000 as the target by 0bama and crew back in september.
at 6000, they’d be able to push us closer to the edge.. keeping people in need of the social program / government assistance
thank goodness for change. in 2007, the markets were at 14,000. now with change... they are going below 7,000.
excellent!
we need a road construction sign with the tanking stock market in the background and ‘dems at work’ in the foreground
Bush Mid-Term Inauguration Day 2004:
Election Day 2008
Obama’s Inauguration Day:
This would be interesting information to use as we go through the next four years of revisionist history.
Good advice.
I’ve actually bought a couple at Sam’s Club a while back...after I read someone here at FR say they had done so.
My dad and I have plans to plant an even bigger garden this year, too.
This is seed catalog season, right now.
Cyborg and I are planting victory gardens this summer. Seed potatoes, massive beds of onions and garlic, early/often tomatoes for canning, zucchinis and squash for the freezer (soups), etc. We are tilling under big patches of side lawn to do it.
Nothing exotic, purely staples.
In 15 minutes 0bama will have been in office just 4 weeks.
Dow on 11/4/08: 9625
Dow on 2/17/09: 7589 -2036 (-21%)
1. This market crash is Bush's Fault. It's axiomatic because anything bad that happens to anybody anywhere from now until the end of time is Bush's Fault. Just ask any member of the media if you need confirmation. President Nappy O'Buckwheat is blameless, now and forever.
2. "People", sheep or otherwise, are not what is causing the markets to tank. Small investors, even as a group, have only a marginal impact on the stock market. The moneychangers and market manipulators (who control our economy & media and also pull the puppet strings on our President and his party) who run the big banks & brokerages are the ones who can (and do) send the market down with a flick of their collective fingers.
3. Why? As one poster already mentioned, to impoverish more citizens and make them more dependent on our new National Socialist Welfare State Government - i.e., the Democrats. The manipulators themselves don't lose a dime when the market tanks; in fact, they do quite well (ever hear of "short selling"?) - THEY aren't going to be 'impoverished' anytime soon.
But what they OUGHT to be doing is serving as fertilizer in some cemetery, and perhaps once enough (formerly) hard-working, taxpaying patriotic Americans find themselves in severely hard times, that's exactly where the manipulators will wind up. Hopefully.
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