DOW Falls Below 10,000(Down over 300 Points)

DJIA ^ | 10-6-08

[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

[ravingnutter]

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

And McCain cosponsored legislation and spoke out forcefully to reform them in 2005 - 2006 to prevent this type of crisis...way before looney boy...so I don't understand why you would make that comment.

[marshmallow]

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

Osama bin Laden's stated aim was to destroy Wall St., and bring America to its knees. He wanted to destroy us economically. I trust the huge irony in all of this is not lost on anyone.

We've saved him the trouble and done the job ourselves. All through our own greed and dishonesty. I expect we'll see a video or audio from either bin Laden or one of his acolytes in the near future, making exactly this point.

However, the ultimate humiliation would be if there is massive civil unrest in this country and some sort of large military presence is required to quell it, such that we have to abandon Iraq and bring home the troops, in order to stabilize the situation on our own shores. As bad as 9/11 was, we at least had our dignity and pride intact as we were being attacked from without by cowards who slaughtered innocent civilians.

The present situation is more humiliating because we're imploding from within.

[montag813]

Dollar making new two-year highs, which makes things worse for export-related companies.

[LowTaxesEqualProsperity]

Many peoples’ retirement savings are gone now.

This is worse than 1987.

This is starting to approach 1929.

I don’t want another New Deal.

[montag813]

The market is falling in proportion to Obama’s poll gains.

[Momaw Nadon]

What percentage does the market have to be down by for an automatic halt of trading to happen?

[montag813]

The Dow may well be down 1000 by the end of the day if the Fed doesn’t cut rates a full point.

[greatvikingone]

Stock piled last week.

[Crazieman]

10%

[Cold Heat]

Since our dollar was valued upon the full faith and credit of our government, and all other major societies do the same, the financial systems of all the world have been public/private partnerships with government controls and regulation.

Nothing at all has changed in this regard. It is no more or less socialized then it was before.

I think this is the primary hangup with conservatives, and I must say, having watched these inane responses ans arguments for the past few weeks, that the conservative wing of the party is even more ignorant about finance then the democrat counterparts.

BTW, I wrote Limbaugh and told him essentially the same thing. he is wrong, you are wrong, and this nonsense has really hurt a already broken political party.

Shiavo, Immigration, Globalization, and now Fed financial interventions have destroyed the internals of the party, caused a vacuum in leadership, loss of the majority, and now the likely loss of the White House and further declines in gross numbers of voters and support.

I you keep this up, we will disappear entirely, ceding it all to the liberals.

[Cold Heat]

I=if

[RoseofTexas]

I don’t get it and the American people are going to elect these clowns, the DEMONrats, back in control of both houses with a bigger majority? What planet are we living on? Surely the anti-christ is already beginning to make his move! Come Lord Jesus Come!

[montag813]

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?

I am more concerned about Russia, which is being decimated, market down 15% and now halted for the third time. A wounded bear is a dangerous one.

[sarasota]

My retirement is gone. I will continue to work and thank God for what I have. (And look forward to social security.)

[Hacklehead]

SAVE US OBAMA!! O GREAT AND MERCIFUL!! WE BESEECH YOU!!!
LET THE HUMAN SACRIFICES BEGIN!

[Crazieman]

Hey look. Another so-called conservative dork that thinks more socialism is better because it keeps us away from socialists.

[AU72]

Can we call Obama, now that we need him?

[montag813]

It has not hit bottom yet, folks. We are talking about a dip well BELOW 9,000 coming.

As I said back in March, the head and shoulders indicates a move down to 7,500.

[tiredoflaundry]

Obama keeps saying he will tax the rich, not the middle class. Well from the looks of the market, those who are considered “rich”, are all now broke! Soooooooo who in the hell is he going to “tax” to pay for his socialist agenda??

[Captain Kirk]

And McCain cosponsored legislation and spoke out forcefully to reform them in 2005 - 2006 to prevent this type of crisis...way before looney boy...

Since when was 2005 "long before" 2003. You apparently are a victim of the New Math. Here is what Ron Paul said on the House floor about Fannie Mae/Freddie Mac back in 2003: http://www.mercuryserver.com/forums/showthread.php?t=60084

Unlike John "billionaire socialist bailout" McCain, Paul spoke to the fundamentals of the problem not just regulatory window dressing via a failed change-the-chairs on the titantic bill. Unlike McCain (who has consistently praised Bernanke's easy money policies, Paul has consistently stood bravely alone against Fed credit expansion and the CRA.