Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

DOW Falls Below 10,000(Down over 300 Points)
DJIA ^ | 10-6-08

Posted on 10/06/2008 7:07:18 AM PDT by icwhatudo

DJIA just prior to House defeat of bailout: 10843

DJIA close the day after House defeat of bailout: 10850

DJIA just prior to Senate approval of bailout: 10831

DJIA close the day after Senate approval of bailout: 10482

DJIA just prior to House approval of bailout: 10679

DJIA close the day after House approval of bailout:??? 9999 and dropping

(Excerpt) Read more at finance.google.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: 110th; 2008; bailout; congress; corruption; democrat; democrats; demron; djia; elecitons; election; elections; financialcrisis; radicalleft
Navigation: use the links below to view more comments.
first 1-5051-100101-150151-192 next last

1 posted on 10/06/2008 7:07:18 AM PDT by icwhatudo
[ Post Reply | Private Reply | View Replies]

To: icwhatudo

nice

another buying opp

gonna load up on aapl today


2 posted on 10/06/2008 7:09:08 AM PDT by housedeep
[ Post Reply | Private Reply | To 1 | View Replies]

To: icwhatudo

Time to buy.


3 posted on 10/06/2008 7:09:22 AM PDT by greatvikingone
[ Post Reply | Private Reply | To 1 | View Replies]

To: icwhatudo

Wow, amazingly, the free market doesn’t react well to socialism.


4 posted on 10/06/2008 7:09:23 AM PDT by MrB (0bama supporters: What's the attraction? The Marxism or the Infanticide?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: housedeep

Oooh, blood in the streets!


5 posted on 10/06/2008 7:09:51 AM PDT by billorites (freepo ergo sum)
[ Post Reply | Private Reply | To 2 | View Replies]

To: icwhatudo

Thank God we threw our money down that hole.


6 posted on 10/06/2008 7:09:51 AM PDT by cripplecreek (Paying taxes for bank bailouts is apparently the patriotic thing to do. [/sarc])
[ Post Reply | Private Reply | To 1 | View Replies]

To: icwhatudo

Asian and European markets leveled off after a sharp drop.
Bargain frenzy this afternoon or Tuesday.


7 posted on 10/06/2008 7:10:04 AM PDT by ConservativeGreek
[ Post Reply | Private Reply | To 1 | View Replies]

To: icwhatudo

—a low of about 8000 was achieved during the Clinton years , IIRC-—


8 posted on 10/06/2008 7:10:33 AM PDT by rellimpank (--don't believe anything the MSM tells you about firearms or explosives--NRA Benefactor)
[ Post Reply | Private Reply | To 1 | View Replies]

To: icwhatudo

Treasury and Congress waited too long to intervene. They caused the problem and had plenty of time to fix it.


9 posted on 10/06/2008 7:11:17 AM PDT by frankjr
[ Post Reply | Private Reply | To 1 | View Replies]

To: icwhatudo

Have Reid, Schumer and Frank said the dow is going to 3000 yet?

Oh wait, they may not be entirely shorted up yet..


10 posted on 10/06/2008 7:11:20 AM PDT by vietvet67
[ Post Reply | Private Reply | To 1 | View Replies]

To: MrB

surprise, surprise, huh. Let Rome burn and then we can build it again. Bad companies and bad decisions must be punished and made to fail and new ones can arise in their place.


11 posted on 10/06/2008 7:11:30 AM PDT by Ravi
[ Post Reply | Private Reply | To 4 | View Replies]

To: MrB

We're in a tight spot!


12 posted on 10/06/2008 7:11:45 AM PDT by billorites (freepo ergo sum)
[ Post Reply | Private Reply | To 4 | View Replies]

To: ConservativeGreek

Bankrate.com
30 yr fixed mtg

Today 5.93%
Last Week 5.98%

Interesting, why is the cost of borrowing money “decreasing”?


13 posted on 10/06/2008 7:12:04 AM PDT by icwhatudo (PALIN VID=========>>>>>http://www.overstream.net/view.php?oid=n1ronxelmtin<++++++++)
[ Post Reply | Private Reply | To 7 | View Replies]

To: cripplecreek

Exactly...morons in DC...once again..


14 posted on 10/06/2008 7:12:24 AM PDT by padre35 (Sarah Palin is the one we've been waiting for..Rom 10.10..)
[ Post Reply | Private Reply | To 6 | View Replies]

To: icwhatudo

S**T!!I’m afraid if the Dow doesn’t recover somewhat, that it plays into the hands of the Messiah. That was my one silver lining hope regarding that stupid bailout.


15 posted on 10/06/2008 7:12:27 AM PDT by Marathoner (For the 1st time in years, I'm proud to be a Republican.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ravi

Capitalism doesn’t work without failure as well as success.


16 posted on 10/06/2008 7:12:42 AM PDT by MrB (0bama supporters: What's the attraction? The Marxism or the Infanticide?)
[ Post Reply | Private Reply | To 11 | View Replies]

To: MrB

exactly


17 posted on 10/06/2008 7:13:15 AM PDT by Ravi
[ Post Reply | Private Reply | To 16 | View Replies]

To: billorites

So, what graphic did you intend to post -

or are you chastising me for posting on your thread?


18 posted on 10/06/2008 7:13:16 AM PDT by MrB (0bama supporters: What's the attraction? The Marxism or the Infanticide?)
[ Post Reply | Private Reply | To 12 | View Replies]

To: icwhatudo

Any chances for McCain to win are pretty much gone now.

When the “investor class” sees that years worth of gains are gone when they get their 401k quarterly statements, they will vote for “change”.


19 posted on 10/06/2008 7:13:19 AM PDT by LowTaxesEqualProsperity
[ Post Reply | Private Reply | To 1 | View Replies]

To: billorites

You really shouldn’t be stealing bandwith in a tight economy. ;-)


20 posted on 10/06/2008 7:13:50 AM PDT by rightwingintelligentsia (Jim DeMint: "If you took the name off the top, the Senate could pass the Communist Manifesto.")
[ Post Reply | Private Reply | To 12 | View Replies]

To: icwhatudo

“Don’t run we are your friends..Don’t run we are your ...”


21 posted on 10/06/2008 7:14:27 AM PDT by Archon of the East (Universal Executive Power of the Law of Nature)
[ Post Reply | Private Reply | To 1 | View Replies]

To: LowTaxesEqualProsperity

I will vote for change...just not Obama’s kind.


22 posted on 10/06/2008 7:14:56 AM PDT by donnab (some people use change to promote their careers...others use their careers to promote change.)
[ Post Reply | Private Reply | To 19 | View Replies]

To: housedeep

Grab your cash your guns and your bible. The ponzi is going down!


23 posted on 10/06/2008 7:16:13 AM PDT by screaminsunshine
[ Post Reply | Private Reply | To 2 | View Replies]

To: icwhatudo

“why is the cost of borrowing money “decreasing”?”

Not at our bank (Wachovia). We locked in our mortgage last Tuesday at 5.875% and it went up several hours later. It hasn’t gotten back down to that rate yet. I watch it daily!


24 posted on 10/06/2008 7:16:30 AM PDT by twigs
[ Post Reply | Private Reply | To 13 | View Replies]

To: icwhatudo

I thought that $700 billion Bush and Pelosi sold us on was supposed to save Wall St which was needed to rescue Main St.

What a bunch of crap.

$700 billion to Fat Catters who can now wipe out their bad loans and sell off their stock.

We’re screwed.


25 posted on 10/06/2008 7:16:49 AM PDT by nhwingut (,)
[ Post Reply | Private Reply | To 1 | View Replies]

To: icwhatudo

Simple there is no money.


26 posted on 10/06/2008 7:17:11 AM PDT by screaminsunshine
[ Post Reply | Private Reply | To 13 | View Replies]

To: frankjr

Maybe the Congressional intervention into the mortgage marker caused the problem and now the bailout will make it worse by prolonging it. This is now a global problem with no simple fix.


27 posted on 10/06/2008 7:17:21 AM PDT by kabar (.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: icwhatudo

cost of borrowing money “decreasing”?

Lots of money available.
They’re taking their cash from stocks.


28 posted on 10/06/2008 7:18:25 AM PDT by ConservativeGreek
[ Post Reply | Private Reply | To 13 | View Replies]

To: icwhatudo

29 posted on 10/06/2008 7:18:45 AM PDT by McGruff (Read my lips, NO NEW BAILOUTS!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: LowTaxesEqualProsperity

This is what happened in Germany when the Nazis got in. Wonder how long we have if Obama wins.


30 posted on 10/06/2008 7:18:50 AM PDT by screaminsunshine
[ Post Reply | Private Reply | To 19 | View Replies]

To: LowTaxesEqualProsperity

Get a grip.


31 posted on 10/06/2008 7:19:31 AM PDT by sarasota
[ Post Reply | Private Reply | To 19 | View Replies]

To: icwhatudo

Has Obama released his plan yet?

Or, maybe the $150 billion Fund to create 5 million permanent “green” high paying permanent jobs and eliminate our dependence on imported oil will cover the tanking equity markets too?

We need The One’s divine intervention to stop this spreading credit crisis.


32 posted on 10/06/2008 7:20:53 AM PDT by dashing doofus (Those who are too smart to engage in politics are punished by being governed by those who are dumber)
[ Post Reply | Private Reply | To 1 | View Replies]

To: icwhatudo

Out riding our bikes yesterday and ran into a liberal college teacher that is in our bike club. All they could complain about was him losing $40,000 last week in the market. I mentioned Arnold wanting $7 billion from the feds and she said no wonder look what party he is in. I said, right, he is a member of the dimocrat party because he is married to a Kennedy. I then told them that Fanny and Freddie WERE DIMOCRAT RAN ORGANIZATIONS, FOUNDED BY DIMS, RAN BY DIMS, PUSHED BY DIMS, THREATS MADE BY DIMS TO GIVE LOANS TO UN QUALIFIED BUYERS, yada yada yada, and they just huffed up and rode off as quickly as they can. Hit them with the facts, they fold and run.


33 posted on 10/06/2008 7:21:29 AM PDT by RetiredArmy (Is McCain EVER going to go on the attack? Nope. That will never happen.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: vietvet67

As I watch my oil stocks drop 27% this morning... (there may not be a bottom).

I wonder what this drop in oil prices will do to IRAN and Venezuela who recently wanted to cut production and keep the price over $100. As Oil moves below 90, how will these other countries survive?

Our markets dive a lot, but other countries who are totally dependent on Oil as their only source of income may just belly up.

As a side benefit to our $700 billion gamble, do we get other good things from it? Macro economics is very complex and we may have accidentally done the right thing, even if it was for the wrong reason.


34 posted on 10/06/2008 7:21:29 AM PDT by mtngrandpa ( Fighting the Insurgency at Home)
[ Post Reply | Private Reply | To 10 | View Replies]

To: icwhatudo
The problem caused by the fact the rest of the world realizes they have the same problem the USA has--only worse. (Europe's bank situation is quite precarious and China is starting to realize their financial situation is even more precarious than the USA.) As such, it's the rest of the world that is dragging us down now.

DJIA 8500 could be where the stocks settle, while the rest of the world will suffer some very serious declines in stock value.

35 posted on 10/06/2008 7:23:11 AM PDT by RayChuang88
[ Post Reply | Private Reply | To 1 | View Replies]

To: icwhatudo
Interesting, why is the cost of borrowing money “decreasing”?

Not in all markets. Look at spiking LIBOR rates, and rates that US Domestic Governments have to pay in the short term fixed income markets. In those markets, credit is very, very scarce, and if you can get it, very expensive.

36 posted on 10/06/2008 7:23:34 AM PDT by dashing doofus (Those who are too smart to engage in politics are punished by being governed by those who are dumber)
[ Post Reply | Private Reply | To 13 | View Replies]

To: icwhatudo
What is it that you expected the stock market to do?

The Fed bill just passed was to bail you out, not the damn stock market, which BTW is reacting to global slowdowns which directly affect our export sector.

The credit markets and their derivatives are not traded on the stock market. What you seeing is a business forecast for the next six months, and it is not expected to be good.

There is no relationship to what is happening in the stock market, and the passage of the bailout, except to say definitively that the six month outlook would have have much worse without it.

You could assess it like a massive bomb that is cooking off, as opposed to exploding. In that respect, the Fed interventions are working and without it, our markets would look much more like some of the Asian markets that are down 70% as opposed to our 30%.

37 posted on 10/06/2008 7:23:47 AM PDT by Cold Heat (Well....................................That's .....that.........)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Marathoner

that’s what you get when you sell your soul to the devil


38 posted on 10/06/2008 7:24:27 AM PDT by ari-freedom (Betcha they're good. Why shouldn't they be? Their one mistake was giving up me!)
[ Post Reply | Private Reply | To 15 | View Replies]

To: icwhatudo
John McCain, you know, the Maverick for Change, voted the same way Obama and Biden voted.

Some Maverick for Change.

39 posted on 10/06/2008 7:25:06 AM PDT by servantboy777
[ Post Reply | Private Reply | To 1 | View Replies]

To: mtngrandpa
Our markets dive a lot, but other countries who are totally dependent on Oil as their only source of income may just belly up.

Russia is particularly screwed...good!

40 posted on 10/06/2008 7:25:21 AM PDT by Night Hides Not (McCain is Lucy, McCainiacs are Charlie Brown, & the football was a secure border...before Sarah.)
[ Post Reply | Private Reply | To 34 | View Replies]

To: Cold Heat

In fact, the US stock market could experience a boom next year because people realize that the European and Chinese stock markets are even more over-inflated than we are.


41 posted on 10/06/2008 7:25:21 AM PDT by RayChuang88
[ Post Reply | Private Reply | To 37 | View Replies]

To: icwhatudo

Obama’s fire in the Reichstag continues.


42 posted on 10/06/2008 7:25:37 AM PDT by Perdogg (Vice President Sarah H Palin - Make it happen !!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: icwhatudo

Wow...boy it sure looks like all those Senators who “knew” better than their constituents that opposed the bill were right. Gee I am sure glad that we were wrong. /sarc


43 posted on 10/06/2008 7:26:33 AM PDT by IMissPresidentReagan ("Is it that you can't think or that you only know how to read your talking points?" Dick Morris- H&C)
[ Post Reply | Private Reply | To 1 | View Replies]

To: screaminsunshine

http://www.youtube.com/watch?v=rUEQz5dltmI

Hitler had the Brown shirts, Obama has the Blue shirts.


44 posted on 10/06/2008 7:27:07 AM PDT by Hacklehead (Crush the liberals, see them driven before you, and hear the lamentations of the hippies.)
[ Post Reply | Private Reply | To 30 | View Replies]

To: RayChuang88
The problem caused by the fact the rest of the world realizes they have the same problem the USA has--only worse. (Europe's bank situation is quite precarious and China is starting to realize their financial situation is even more precarious than the USA.) As such, it's the rest of the world that is dragging us down now.

DJIA 8500 could be where the stocks settle, while the rest of the world will suffer some very serious declines in stock value.

Now why did you have to go and add some sanity to this thread?

45 posted on 10/06/2008 7:27:08 AM PDT by BureaucratusMaximus (Game over man...GAME OVER!)
[ Post Reply | Private Reply | To 35 | View Replies]

To: cripplecreek

I wish I could vote for Ron Paul instead of McBama. That “looney” had it it nailed perfectly last year.


46 posted on 10/06/2008 7:27:26 AM PDT by Captain Kirk
[ Post Reply | Private Reply | To 6 | View Replies]

To: Cold Heat
The credit markets and their derivatives are not traded on the stock market.

I quite agree. What do you predict for the TED spread over the next couple of weeks?

47 posted on 10/06/2008 7:27:49 AM PDT by Notary Sojac
[ Post Reply | Private Reply | To 37 | View Replies]

To: icwhatudo

Because money is flooding into the bond market, as the price of bonds goes up the yield goes down.


48 posted on 10/06/2008 7:27:51 AM PDT by Captain Peter Blood
[ Post Reply | Private Reply | To 13 | View Replies]

To: icwhatudo

I think when we look back, this Wall St crisis was the Dems October surprise.

This was well coordinated scam amongst Paulson (Dem), Reid, and Pelosi, along with Soros’ billions manipulating the market.

Bush was taken along for the ride, per usual. I hate to say it but that SNL skit of him (w Frank and Pelosi) was spot on.

Unless something dramatic happens (like video of Michelle yelling “Whitey” or Obama in church during a vile Wright sermon) I don’t think he’ll recover.


49 posted on 10/06/2008 7:27:53 AM PDT by nhwingut (,)
[ Post Reply | Private Reply | To 1 | View Replies]

To: greatvikingone

It has not hit bottom yet, folks. We are talking about a dip well BELOW 9,000 coming. The fact is, a HUGE amount of dollars simply vaporized, resulting in what is a sharp deflation of the value of the dollar. The confidence game is not yet restored to the market, and may not be for weeks or months to come.

Meanwhile, we have an election coming up long before that bottom of the trough will be reached.

America is SO screwed. Yet if this country suffers only a severe upper respiratory infection, the rest of the world will surely contract pneumonia, of the most deadly variety.

One thing about it, there will a LOT less money available to arm up and go to war.

This is no longer a matter of too many dollars chasing too few goods and services. This is a matter of having NO dollars to chase ANY goods or services.

Economically, this is FAR worse than 9/11. Even if it has not (thus far) been nearly as bloody.


50 posted on 10/06/2008 7:28:43 AM PDT by alloysteel (Just because you are a target, does not mean you have to be a victim.)
[ Post Reply | Private Reply | To 3 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-100101-150151-192 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson