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A look at the Dow's worst drops since 1899 (AP to 0bama's Rescue)
AP ^ | Aug. 4, 2011

Posted on 08/04/2011 7:00:14 PM PDT by PROCON

The Dow Jones industrial average plunged 513 points, or 4.3 percent, to 11,384 on Thursday. Here's a look at the Dow's 10 worst days since 1899:

By percent decline:

(Excerpt) Read more at breitbart.com ...


TOPICS: Chit/Chat
KEYWORDS: 0bama; dowjones; mainstreammedia
Here comes the MSM spin; doesn't help my portfolio, (what's left of it)!
1 posted on 08/04/2011 7:00:19 PM PDT by PROCON
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To: PROCON

The worst is yet to come. Not a single piece of good news on the horizon.


2 posted on 08/04/2011 7:02:32 PM PDT by Huskrrrr
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To: PROCON

Worst recession since Hoover. Isn’t that what the communist media was saying about GWB?


3 posted on 08/04/2011 7:05:52 PM PDT by 23 Everest (Bonnie 831. I carry a gun because a cop is too heavy.)
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To: PROCON

That would make it a tie for the 9th worst drop in 20 years. Oh joy.


4 posted on 08/04/2011 7:06:56 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: 23 Everest

Yeah, but they just said that for no reason. This time it’s true.


5 posted on 08/04/2011 7:18:37 PM PDT by ClearCase_guy (The USSR spent itself into bankruptcy and collapsed -- and aren't we on the same path now?)
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To: 23 Everest

/Sarc ...Yep. Worst recession since Hoover, when GDP was over 3% and UE was around 5%, those were the bad days.


6 posted on 08/04/2011 7:19:45 PM PDT by CommieCutter (Promote Liberal Extinction: Support gay marriage and abortion!)
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To: PROCON

There was a large spike in volume just before 4pm. Watch what happens at opening time tomorrow!


7 posted on 08/04/2011 7:23:43 PM PDT by CharlyFord (t)
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To: PROCON

Brother, can you spare a dime?


8 posted on 08/04/2011 7:25:02 PM PDT by Sparky21555
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To: PROCON
Hard to miss that the biggest drop occurred when that looser Carter was President.
9 posted on 08/04/2011 7:27:35 PM PDT by Doe Eyes
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To: PROCON

I never realized how many stock market crashes Bush caused.


10 posted on 08/04/2011 7:31:06 PM PDT by Redmen4ever
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To: Redmen4ever
As the Krat said Obama’s only hope is to repeal all the regulations he imposed in the last year and promise not to permit anymore.
11 posted on 08/04/2011 7:36:44 PM PDT by scooby321
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To: Redmen4ever
As the Krat said Obama’s only hope is to repeal all the regulations he imposed in the last year and promise not to permit anymore.
12 posted on 08/04/2011 7:36:49 PM PDT by scooby321
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To: CharlyFord

Exactly.


13 posted on 08/04/2011 7:41:46 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: PROCON

I watched NBC Evening News tonite to see what the Spin would be, and the FIRST words out of Brian Williams mouth were

“A situation beyond Obama’s Control...”,

blaming EUROPE for today’s carnage, and COMPLETELY ignoring that the markets have fallen by 1,200 points in the last 10 days.


14 posted on 08/04/2011 7:43:51 PM PDT by tcrlaf (PREFRONTAL LOBOTOMISTS FOR OBAMA2012!)
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To: tcrlaf
“A situation beyond Obama’s Control...”,

I know, what a crock, the MSM at it's finest...

15 posted on 08/04/2011 7:47:45 PM PDT by PROCON (My Passion for FREEDOM is Stronger Than That of Democrats Whose Obsession is to Enslave Me.)
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To: Redmen4ever

I know! Bush has been crashing the market since 1899!


16 posted on 08/04/2011 7:51:07 PM PDT by Thane_Banquo
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To: Huskrrrr
Not a single piece of good news on the horizon.

Sure there is good news. We are at record high food stamp levels, record high debt, record high durations of unemployment compensation, record high levels of EPA regulations..........

Ob'ama is doing a great job!

17 posted on 08/04/2011 8:19:06 PM PDT by mlocher (Is it time to cash in before I am taxed out?)
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To: PROCON

Bias is on display, isn’t it????

Every bad event when Bush was president was blamed on Bush.

But now bad things happening are not blamed on the president. Instead, the media spin is that some things are beyond a president’s control. Amazing that the criteria for evaulating events change depending on the political leanings of the president.


18 posted on 08/04/2011 8:25:13 PM PDT by Dilbert San Diego
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To: PROCON

Strange, for all the spin in this article I have never heard obama blame McKinley for our financial issues.


19 posted on 08/04/2011 8:33:06 PM PDT by goodwithagun (My gun has killed fewer people than Ted Kennedy's car.)
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To: PROCON; tcrlaf; Redmen4ever; Huskrrrr; mlocher; Dilbert San Diego; goodwithagun; Nachum; ...

No, not a single piece of good news that anybody cares about on the horizon.

I don’t see anything good going on even with corporate profits high as they are and so much money in the banks. Nobody seems to care. It seems things are determined to crash in spite of whatever may be the fact about Apple’s 100% gain in year over year profits, high corporate profits or anything else. If these things are a factor the market does not care, it is an emotional animal or sees something else than corporate profits at this writing.

The likes of Roubini and Denniger mouth off constantly about the market being a place where fools put their money and yet they offer no alternative. Gold? Really? Maybe a few years ago. Obastard has just about successfully shut down growth.

I will report to you that between 1-1-99 and 1-1-11 the DOW went from 7906 to 11891, a whopping 3.189% annual rate of gain. Make your 401K pay on that bubba.

I think it will be easy enough to see when things get better and I don’t see how it will get fundamentally better until this bastard obastard is gone and we restructure entitlements, taxes, regulation and the size of government... it will be DREADFULLY painful if it happens and WORSE if it doesn’t. QE3 may artifically prop things up but this house can’t stand forever with just props for support when the foundation is crumbling. We saw the market look for bottom yesterday on the rumor of QE3 but the fundamentals keep falling.

If this nation and economy doesn’t recover it won’t matter where your money is. If it does recover, and I think it will in time after this administration is gone, I will have saved myself worry thorough the trough by being on the sideline. If a new lower base is established and things calm down and this administration is gone the cash on the sidelines will buy more assets to appreciate.

I still have some small amount of control over this Bastard Administration and I am going to exercise it. I can’t vote with my feet and I can’t get the politicians to listen to what I ask them to do so I am already out of the market as my stupid way of sending a message.


20 posted on 08/04/2011 8:52:37 PM PDT by Sequoyah101 (Half the people are below average.)
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To: tcrlaf

I was taped for Brian Williams show. When they heard what I had to say, they killed the interview.


21 posted on 08/04/2011 9:17:44 PM PDT by whitedog57
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To: tcrlaf

I was taped for Brian Williams show. When they heard what I had to say, they killed the interview.


22 posted on 08/04/2011 9:18:16 PM PDT by whitedog57
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To: Sequoyah101

I’m waiting to buy low myself.


23 posted on 08/04/2011 9:18:19 PM PDT by Huskrrrr
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To: Huskrrrr

That is what I am saying. I think we will know when the trend is going to be better but not now.

What do you think is the “sign”?


24 posted on 08/04/2011 9:22:43 PM PDT by Sequoyah101 (Half the people are below average.)
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To: whitedog57

This isn’t the Brian Williams show. What do you have to say?


25 posted on 08/04/2011 9:24:41 PM PDT by Sequoyah101 (Half the people are below average.)
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To: PROCON

The stock movements of 100 years ago before controls on the market could be downright evil. Today’s honestly was orderly and in historic terms a piker.


26 posted on 08/04/2011 9:55:18 PM PDT by Free Vulcan (Obama/Biden '12: No hope and chump change.)
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To: Sequoyah101

What do you think is the “sign”?

Unfortunately I think the Feds will announce another QE at some point. That should bring stocks back up (for how long?).


27 posted on 08/04/2011 10:08:33 PM PDT by Huskrrrr
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To: Free Vulcan

True but I’m just sick of it all and oblabla and the constant bashing of capitalism. I just don’t things are going anywhere until he is gone and true changes are made that need to be made.

It doesn’t feel like many other people are as fed up with the market as I am if they are still in.


28 posted on 08/04/2011 10:11:08 PM PDT by Sequoyah101 (Half the people are below average.)
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To: Huskrrrr

Yup, I think they will as well but I am just pissed at the whole affair.

Aren’t they going to use our debt to prop up their market investments or something like that? I noticed today that the treasuries are going for near ZERO interest rates. Kinda like free money isn’t it?

Holding commodities.


29 posted on 08/04/2011 10:23:27 PM PDT by Sequoyah101 (Half the people are below average.)
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To: PROCON
Has anyone totaled up the economic damage done by this regime? I saw a brief squib on CNBC stating that the recent fall in the stock markets alone was a loss of 1trillion dollars worth of wealth. By comparison, Hurricane Katrina did about $ 81 Billion worth of damage. Most Americans aren't accountants, so throwing large numbers wouldn't help, but if we could show graphically how much damage has been done, it would probably look like having been invaded and defeated by a hostile power

30 posted on 08/05/2011 3:09:26 AM PDT by jmcenanly ( "We pay a person the compliment of acknowledging his superiority whenever we lie to him." -Samuel)
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To: Sequoyah101
No, not a single piece of good news that anybody cares about on the horizon.

You are correct right now. This is a very interesting post -- part rant, part words of wisdom. It was worth a couple of reads. Thanks.

I don’t see anything good going on even with corporate profits high as they are and so much money in the banks. Nobody seems to care. It seems things are determined to crash in spite of whatever may be the fact about Apple’s 100% gain in year over year profits, high corporate profits or anything else. If these things are a factor the market does not care, it is an emotional animal or sees something else than corporate profits at this writing.In the US I agree with you. However, broaden your perspective -- consider a more balanced approach that puts a portion of your money in global stocks. Right now many are scared of Europe, but places where the free market is alive have done very well, and will continue to outshine the heavily regulated and taxed economies. The likes of Roubini and Denniger mouth off constantly about the market being a place where fools put their money and yet they offer no alternative. Gold? Really? Maybe a few years ago. Obastard has just about successfully shut down growth.

Many saw Obama's agenda in 2008 as a big failure. Many went overweight in non-US securities immediately after the election, including me. No, I have not flourished and can retire on a dessert island, but I have been able avoid a portion of losses.

I will report to you that between 1-1-99 and 1-1-11 the DOW went from 7906 to 11891, a whopping 3.189% annual rate of gain. Make your 401K pay on that bubba.

Agreed. But if Bubba had a diversified portfolio, then Bubba probably did better than 3.189%. Diversification mitigates risk, including severe political risk.

I think it will be easy enough to see when things get better and I don’t see how it will get fundamentally better until this bastard obastard is gone and we restructure entitlements, taxes, regulation and the size of government... it will be DREADFULLY painful if it happens and WORSE if it doesn’t. QE3 may artifically prop things up but this house can’t stand forever with just props for support when the foundation is crumbling. We saw the market look for bottom yesterday on the rumor of QE3 but the fundamentals keep falling.

I happen to think that 15 years from now economic historians will state that we were in a depression that began in 2008. Fortunately there is plenty of capital out there. Further this is a government induced depression, that could have simply been the panic of 2008. Once Obama is out and businesses get their freedom back -- another very painful 1.5 to 5.5 years -- we will rebound. Whether or not there is QE3 is immaterial in the longer run. We have a severe fiscal problem, not a monetary problem.

If this nation and economy doesn’t recover it won’t matter where your money is. If it does recover, and I think it will in time after this administration is gone, I will have saved myself worry thorough the trough by being on the sideline. If a new lower base is established and things calm down and this administration is gone the cash on the sidelines will buy more assets to appreciate.

Well stated. If you are a long term investor you will be fine. If you can, now is the time to save and invest. You will very happy in the future.

I still have some small amount of control over this Bastard Administration and I am going to exercise it. I can’t vote with my feet and I can’t get the politicians to listen to what I ask them to do so I am already out of the market as my stupid way of sending a message.

My advice is to make your investment decisions based on what is best for you financially (legally, of course). Protesting with your investments, unless you are extremely well heeled, will bite you big time in the long run. Please don't cut off your nose to spite your face.

Things are bad, but remember, free markets have gone through ups and downs far worse than this for over 4000 years. We have the benefit of being able to vote.

31 posted on 08/05/2011 7:50:21 AM PDT by mlocher (Is it time to cash in before I am taxed out?)
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To: mlocher

How are you feeling about all this today?

I did a little 5 year hind cast study on the DOW this weekend. A buy and hold would net about 1.85% annual rate of return. An investor using 50 day rolling average crossings of the 200 day moving average and brutally applying them would have been in and out of the market three times, would have sat out the period from EOY 2008 until fall of 2009 and still have earned almost a 10% annual rate of return.


32 posted on 08/08/2011 10:31:38 PM PDT by Sequoyah101 (Half the people are below average.)
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