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

Skip to comments.

Panic: S&P down over 6%, Dow down over 5%
Bloomberg Terminal | 10/6/08 | Me

Posted on 10/06/2008 7:45:09 AM PDT by Thane_Banquo

click here to read article


Navigation: use the links below to view more comments.
first previous 1-5051-100101-150151-200 ... 401-439 next last
To: Norman Bates
This is an orchestrated collapse.

Greenspan. But he had the best of intentions.

51 posted on 10/06/2008 7:56:49 AM PDT by palmer (Some third party malcontents don't like Palin because she is a true conservative)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Thane_Banquo

If anyone has any money to invest, BUY NOW!!!!!!!!!!!!!!!

Hold what you buy....In 6 months, you could double/triple your investment....


52 posted on 10/06/2008 7:57:17 AM PDT by Boonie
[ Post Reply | Private Reply | To 1 | View Replies]

To: palmer
But he had the best of intentions.

Don't they all...

53 posted on 10/06/2008 7:57:32 AM PDT by EternalVigilance (You went to Washington like you said. Named any names yet, Senator?)
[ Post Reply | Private Reply | To 51 | View Replies]

To: Maelstorm
Bailout didn’t work.

The "bailout" hasn't even started yet. We would have been better off if the first version would have passed. There are some concerns that it is too restrictive.

54 posted on 10/06/2008 7:57:32 AM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
[ Post Reply | Private Reply | To 37 | View Replies]

To: Thane_Banquo
The markets rose on news of the bailout failure then nose-dived on news of its passage????
55 posted on 10/06/2008 7:57:57 AM PDT by TexasCajun
[ Post Reply | Private Reply | To 1 | View Replies]

To: Boiling Pots
I heard some of the Reps saying that they voted for the bail out bill after hearing sob stories from their constituents about not being able to access credit lines to meet payroll.

The banks apparently just in between the time the first bail out was voted down and the next came up for a vote shut off credit in a major way.

It is my belief that the banks forced the issue by cutting off most people's credit lines in that short period of time and that there should be an investigation about collusion, conspiracy, and fraud. Heck, I bet the Demonrats went to the banks with the idea and they, along with the banks, should be prosecuted.

Or, I am still getting credit increases and credit offers maybe those people lied?

56 posted on 10/06/2008 7:58:06 AM PDT by Freedom Dignity n Honor (There are permanent moral truths.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Thane_Banquo
100 bp cut.

It's always worked before, right?

57 posted on 10/06/2008 7:58:06 AM PDT by palmer (Some third party malcontents don't like Palin because she is a true conservative)
[ Post Reply | Private Reply | To 35 | View Replies]

To: listenhillary
Capital gains tax, corporate tax cut to zero.


If you do that now and make it immediately effective all you will do is to guarantee that anyone with a long term profit sells immediately to book the non-taxed income. They WILL NOT REINVEST at this time.

As a son of a money manager in his 53rd year of managing money (actually studined under Ben Graham at Columbia), you don't try to catch a falling knife and get in front of a runaway train.

Fortunes are not made calling bottoms, THEY ARE LOST trying to call bottoms.

This sell off will end when the larger, cash rich corporations start to announce stock buybacks. That is what turned the market the day after the crash in 1987.

58 posted on 10/06/2008 7:58:09 AM PDT by LRoggy (Peter's Son's Business)
[ Post Reply | Private Reply | To 30 | View Replies]

To: Thane_Banquo

The problem for the Fed is “what will it do?”

It isn’t as tho the Fed is in control of interest rates as it is. The Funds rate shows little relation to actual lending rates right now. So let’s chop the funds rate and make the spread a little wider.


59 posted on 10/06/2008 7:58:09 AM PDT by NVDave
[ Post Reply | Private Reply | To 35 | View Replies]

To: snowrip
This isn't in response to the bailout. This is because the bailout took too long to agree on and too much damage was done in the mean time.

Now we have a full scale panic on our hands.

60 posted on 10/06/2008 7:58:10 AM PDT by DannyTN
[ Post Reply | Private Reply | To 9 | View Replies]

To: Wilder Effect

no wire taps

oh I’m afraid there will be...just not on suspected terrorists


61 posted on 10/06/2008 7:58:32 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 42 | View Replies]

To: mysterio

I’m almost willing to bet that’s what they actually do.


62 posted on 10/06/2008 7:58:37 AM PDT by savedbygrace (SECURE THE BORDERS FIRST (I'M YELLING ON PURPOSE))
[ Post Reply | Private Reply | To 3 | View Replies]

To: mlocher

If you can’t trust Barney Frank, who can you trust?


63 posted on 10/06/2008 7:58:52 AM PDT by Mr Rogers (Government that is powerful enough to protect you is only one election away from attacking you.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Thane_Banquo
Very hugh!

It could be ceriois!!

64 posted on 10/06/2008 7:59:20 AM PDT by DrNo
[ Post Reply | Private Reply | To 1 | View Replies]

To: Moonman62

Democrats control the house. They could have passed Paulson’s first egg he laid.


65 posted on 10/06/2008 7:59:23 AM PDT by listenhillary (Should we turn Alaska or Texas into our Galt's Gulch?)
[ Post Reply | Private Reply | To 54 | View Replies]

To: Thane_Banquo

Of course it’s down. These investers know that the same liberal democrats who caused this are still in charge, and they will very likely be in charge for 8 more years.


66 posted on 10/06/2008 7:59:25 AM PDT by xzins (Retired Army Chaplain Pro Deo et Patria)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Thane_Banquo

I thought the bailout was going to prevent this?

ONCE AGAIN THE INTENTIONS OF THE GOVT ARE NOBLE BUT END UP EXACTLY THE OPPOSITE!


67 posted on 10/06/2008 7:59:25 AM PDT by conservativeinferno (My SUV is the urban squirrel's worst predator.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Thane_Banquo
Well .... DUH!!!!

Congress puked up that turd of a "bailout" bill last week. What did folks expect?

68 posted on 10/06/2008 8:00:10 AM PDT by ArrogantBustard (Western Civilization is Aborting, Buggering, and Contracepting itself out of existence.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Thane_Banquo

[Traders saying Fed will likely slash rates by end of the day. Here some people speculating 100 bp cut.]

Which will do absolutely nothing. The reason for this mess IS paper money and easy credit. Can’t solve an infection by injecting more of the same bacteria.


69 posted on 10/06/2008 8:00:12 AM PDT by FastCoyote (I am intolerant of the intolerable.)
[ Post Reply | Private Reply | To 35 | View Replies]

To: Perdogg

It may be Obama’s fire, but George Bush and John McCain and John Boehner set the kindling, bought the accelerant, and drove the getaway car.


70 posted on 10/06/2008 8:00:16 AM PDT by pissant (THE Conservative party: www.falconparty.com)
[ Post Reply | Private Reply | To 4 | View Replies]

To: ari-freedom

Oh no, I’m sure many conservatives will be branded as terrorists under an Obama administration and dealt with accordingly.


71 posted on 10/06/2008 8:00:25 AM PDT by thecabal (Conservatives who don't live up to the liberal caricature are now hypocrites.)
[ Post Reply | Private Reply | To 61 | View Replies]

To: evad

"Don't woowy. We have it all undoo contwol."

72 posted on 10/06/2008 8:00:26 AM PDT by Future Snake Eater (My freq'n head hertz...)
[ Post Reply | Private Reply | To 23 | View Replies]

To: Maelstorm

trust me, it won’t be fun for us when the rest of the world tanks. that’s when they get angry...and dangerous


73 posted on 10/06/2008 8:00:41 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 37 | View Replies]

To: RockinRight

Well, maybe we need to get Harry Reid to insinuate that he knows of some big insurance company that’s going to go under!


74 posted on 10/06/2008 8:01:22 AM PDT by brytlea (Obama--Keep the change!)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Mr Rogers
If you can’t trust Barney Frank, who can you trust?

And from Mr. Rogers, no less. The most honorable and honest man to walk the face of the earth in the 20th century.

75 posted on 10/06/2008 8:01:27 AM PDT by mlocher (USA is a sovereign nation)
[ Post Reply | Private Reply | To 63 | View Replies]

To: ari-freedom

Will they target the right people?


76 posted on 10/06/2008 8:01:36 AM PDT by listenhillary (Should we turn Alaska or Texas into our Galt's Gulch?)
[ Post Reply | Private Reply | To 73 | View Replies]

To: DannyTN
This is because the bailout took too long to agree on and too much damage was done in the mean time

LOL!

This is a simple crisis today, Europe is melting down. All the real players have switched from fake cooperation to financial protectionism. Germany flipped yesterday. What will happen next is Europe will have an emergency meeting and agree to some new and improved fake cooperation. Won't work of course.

77 posted on 10/06/2008 8:01:57 AM PDT by palmer (Some third party malcontents don't like Palin because she is a true conservative)
[ Post Reply | Private Reply | To 60 | View Replies]

To: Thane_Banquo

"Thanks Henry...I just can't stand that b@st@rd McCain! I figured, after he had the audacity to run against me in 2000, that I trashed him for good with the "black child" fib we told but he proved he had more lives than a cat. This bailout and the economic news oughta do it, though. Four years of Obama and they'll forget all about my legacy."
78 posted on 10/06/2008 8:02:09 AM PDT by meandog (please pray for future President McCain, day minus 107-Jan. 20--and counting)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Thane_Banquo

Beebers set to stune, standing by...


79 posted on 10/06/2008 8:02:21 AM PDT by Redcloak (A møøsë once bit my broker.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mysterio

The problem is that the ink is running out
http://www.google.com/search?hl=en&q=%22exponential+curve+on+the+move%22


80 posted on 10/06/2008 8:02:31 AM PDT by VlPu
[ Post Reply | Private Reply | To 3 | View Replies]

To: Future Snake Eater

Bawney Fwank talks like he has something in his mouth all the time???


81 posted on 10/06/2008 8:02:34 AM PDT by TexasCajun
[ Post Reply | Private Reply | To 72 | View Replies]

To: mysterio

I’m sorry, but Paulson doesn’t know the secret chant...only ONE knows it...


82 posted on 10/06/2008 8:02:39 AM PDT by brytlea (Obama--Keep the change!)
[ Post Reply | Private Reply | To 26 | View Replies]

To: NVDave
What you’re seeing is a deflation as a result of de-leveraging,/i>

I've been following your posts for the past few weeks and you seem very knowledgeable - can you please explain what you mean by this.

83 posted on 10/06/2008 8:02:45 AM PDT by ARCADIA (Abuse of power comes as no surprise)
[ Post Reply | Private Reply | To 44 | View Replies]

To: frankenMonkey

Cramer telling everyone to sell? Good Lord....


84 posted on 10/06/2008 8:02:49 AM PDT by sarasota
[ Post Reply | Private Reply | To 33 | View Replies]

To: ari-freedom

I hate to say it, and do not condone it, but Obama will be more hated than Lincoln was in 1860.

Maybe it is time for Conservatives to just concentrate on State Government and use States Rights.

Give up on Washington entirely, make the Red states stronger, and dare Washington to interfere.


85 posted on 10/06/2008 8:03:59 AM PDT by Wilder Effect
[ Post Reply | Private Reply | To 61 | View Replies]

To: Thane_Banquo

There are no financial problems. Not a single one.


86 posted on 10/06/2008 8:04:01 AM PDT by McGruff (Read my lips, NO NEW BAILOUTS!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Freedom Dignity n Honor

they were waiting for what deal they would get before making new loans. So the market probably took a hit on monday when it realized they’d have to wait even longer (uncertainty) for a final deal so that banks could go back to lending again.


87 posted on 10/06/2008 8:04:15 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 56 | View Replies]

To: Freedom Dignity n Honor

I received letters last week raising my credit limit from every single credit card company where I have an open account.


88 posted on 10/06/2008 8:04:21 AM PDT by jennyjenny
[ Post Reply | Private Reply | To 56 | View Replies]

To: sarasota

Craemer was Eliot Spitzer’s best friend from Harvard.

He is a LIBERAL for Obama.


89 posted on 10/06/2008 8:04:38 AM PDT by Wilder Effect
[ Post Reply | Private Reply | To 84 | View Replies]

To: frankenMonkey
This just in... Cramer over at NBC told everyone to sell everything as fast as possible. Me... I'm buying up some great bargains this morning.

Cramer probably is too...
90 posted on 10/06/2008 8:04:39 AM PDT by Antoninus (Ignore the polls. They're meant to shape public opinion, not measure it.)
[ Post Reply | Private Reply | To 33 | View Replies]

To: Thane_Banquo

I think we will see the biggest rally in the history of the market once people realize that McCain will win.

That said, today’s market certainly takes the Obama cavorts with Terrorist message off message for today.


91 posted on 10/06/2008 8:04:41 AM PDT by cw35
[ Post Reply | Private Reply | To 1 | View Replies]

To: Boonie

Jim Cramer is telling everyone to pull all their money out of stocks. Whatever will he talk about on his nightly show?

Good contrarian indicator. Everytime, do just the opposite of what he recommends.


92 posted on 10/06/2008 8:04:41 AM PDT by renosathug
[ Post Reply | Private Reply | To 52 | View Replies]

To: Norman Bates
I'm beginning to agree...I think there is a concerted effort behind all of this, to tip the economy over the edge. This is an economic Reichstag Fire.

God save the Republic.

93 posted on 10/06/2008 8:05:16 AM PDT by Boagenes (I'm your huckleberry, that's just my game.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Thane_Banquo

BALLYHOO
(Phil Spitalny & His Orchestra, Hit of the Week, October, 1931)

Sure, business is bunk,
And Wall Street is sunk,
We’re all of us broke, and ready to croak.
We’ve nothing to dunk,
Can’t even get drunk,
And all the while, they tell us to smile:

Cheer up, gentle citizens, though you have no shirts,
Happy days are here again. Cheer up, smile, nertz!
All aboard prosperity, giggle ‘till it hurts!
No more bread-line charity. Cheer up, smile, nertz!

Cheer up, cheer up, cheer up, cheer up, cheer,
Up, cheer up, cheer up, cheer, better times are here.
Sunny smilers we must be, the optimist asserts,
Let’s hang the fat-head to a tree! Cheer up, smile, nertz!

The world’s in the red,
We’re better off dead,
Depression, they say’s in session to stay.
Our judges are queer,
Our banks disappear,
And all the while, they tell us to smile:

Cheer up, gentle citizens, though you have no shirts,
Happy days are here again. Cheer up, smile, nertz!
All aboard prosperity, giggle ‘till it hurts,
No more bread-line charity. Cheer up, smile, nertz!

Cheer up, cheer up, cheer up, cheer up, cheer,
Up, cheer up, cheer up, cheer, better times are here.
Sunny smilers we must be, the optimist asserts,
Let’s hang the fat-head to a tree! Cheer up, smile, nertz!

Nertz!


94 posted on 10/06/2008 8:05:36 AM PDT by Fiji Hill
[ Post Reply | Private Reply | To 1 | View Replies]

To: frankenMonkey

“This just in... Cramer over at NBC told everyone to sell everything as fast as possible.”

___________________________

BOOOYAK, BOOOYA , BOOOHOOO, BOOOHOOOWAAAAAHHH!!!!
(Cramer crying in the corner)


95 posted on 10/06/2008 8:05:52 AM PDT by 1curiousmind
[ Post Reply | Private Reply | To 33 | View Replies]

To: Thane_Banquo

So government doesn’t work, even on bailouts for problems they caused....who knew?


96 posted on 10/06/2008 8:06:06 AM PDT by 1Old Pro
[ Post Reply | Private Reply | To 1 | View Replies]

To: Thane_Banquo
Well that bailout bill sure did the job.

Thanks George Bush.

Thanks McCain.

You might as well raise the retirement age to 90, cause I ain't gonna be able to retire before then.

97 posted on 10/06/2008 8:06:08 AM PDT by P-Marlowe (LPFOKETT GAHCOEEP-w/o*)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NVDave
What you're seeing is a deflation as a result of de-leveraging.

That's exactly the root cause, but today's specific problem is that Europe has turned financially protectionist. Basically each country is trying to protect its own savers at the expense of other countries' creditors. In a spiral now that Germany flipped yesterday.

98 posted on 10/06/2008 8:06:14 AM PDT by palmer (Some third party malcontents don't like Palin because she is a true conservative)
[ Post Reply | Private Reply | To 44 | View Replies]

To: Boagenes
I'm beginning to agree...I think there is a concerted effort behind all of this, to tip the economy over the edge. This is an economic Reichstag Fire.


99 posted on 10/06/2008 8:06:37 AM PDT by NeoCaveman (Back in the USSA)
[ Post Reply | Private Reply | To 93 | View Replies]

To: listenhillary

if angry people targeted the right people, Pelosi wouldn’t be speaker of the house just because republicans spent too much


100 posted on 10/06/2008 8:06:47 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 76 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-5051-100101-150151-200 ... 401-439 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