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Here we go again...........DOW opens down sharply.....
MSN Money ^ | 08-08-2011 | Staff

Posted on 08/08/2011 6:56:33 AM PDT by Red Badger

Edited on 08/08/2011 4:28:42 PM PDT by Admin Moderator. [history]


(Excerpt) Read more at moneycentral.msn.com ...


TOPICS: Business/Economy
KEYWORDS: bhodjia; dow; downgrade
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THE RIDE WILL BE WILD TODAY.................
1 posted on 08/08/2011 6:56:35 AM PDT by Red Badger
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To: Red Badger

Plunge Protection Team, start your buying machines!


2 posted on 08/08/2011 6:57:31 AM PDT by E. Pluribus Unum (Palin is coming, and the Tea Party is coming with her.)
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To: Red Badger

Nah, I doubt it will top -5%.


3 posted on 08/08/2011 6:58:26 AM PDT by Palter (Celebrate diversity .22, .223, .25, 9mm, .32 .357, 10mm, .44, .45, .500)
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To: E. Pluribus Unum

I thought the PPT just turned off the computers..................


4 posted on 08/08/2011 6:59:06 AM PDT by Red Badger ("Treason doth never prosper.... What's the reason? Why if it prosper, none dare call it treason.")
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To: Red Badger

”It’s easy to grin - when your ship comes in - and you’ve got the stock market beat.

But the man worthwhile - is the man who can smile - when his shorts are too tight in the seat”


5 posted on 08/08/2011 6:59:24 AM PDT by Perdogg (0bama got 0sama?? Really, was 0sama on the golf course?)
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To: E. Pluribus Unum

I think they did. At open I saw it drop to -230 or so in the first minute. Now it’s -150 and climbing.


6 posted on 08/08/2011 6:59:24 AM PDT by cableguymn
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To: Red Badger; E. Pluribus Unum

I know what to do. I'll have a fund raiser!

7 posted on 08/08/2011 7:00:17 AM PDT by Baynative (If the government was in charge of the desert , we'd soon have a shortage of sand.)
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To: Red Badger
THE RIDE WILL BE WILD TODAY

Yep. Pretty bad when you link to Marketwatch and the lead article says "Get Ready to Tumble".
8 posted on 08/08/2011 7:01:16 AM PDT by Girlene
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To: Red Badger

9 posted on 08/08/2011 7:01:23 AM PDT by OB1kNOb (Obama will heretofore be known in history as the downgraded President.)
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To: Red Badger

The Dow will be in the neighborhood of 8,000 by the next election. Not statically there, but been there at some time. Unless they actually fix the deficit spending, and address the mounting debt, the US and world economy cannot recover.


10 posted on 08/08/2011 7:01:43 AM PDT by runninglips (Republicans = 99 lb weaklings of politics.)
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To: Red Badger

ZeroAA and the Democrats OWN this failing economy...


11 posted on 08/08/2011 7:03:07 AM PDT by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: Girlene
It will drop until 10:am Eastern. Then there will be an uptick as the short sellers lock in their profits. If it sticks we will see the day down only 100 or so. If the uptick immediately heads south again put on your hard hats and watch for falling brokers.
12 posted on 08/08/2011 7:04:09 AM PDT by GonzoGOP (There are millions of paranoid people in the world and they are all out to get me.)
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To: who knows what evil?

It’s the Barack Obama Downgrage.


13 posted on 08/08/2011 7:05:16 AM PDT by Lazamataz (America. Great idea. Couldn't last.)
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To: Lazamataz

The Hussein Drain.


14 posted on 08/08/2011 7:07:06 AM PDT by EGPWS (Trust in God, question everyone else)
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To: Red Badger

I would buy at some point....this downgrade has been already priced to some extent.

The most cash laden companies...solid ones...they are just waiting out till next November

I used to invest in the markets...day trading.

Buy rumour, sell fact.

Selling now probably makes less sense...although if you dumped NASD in April 2000 at first rumblings you saved 1000s of NASD points of downful

But panic selling is usually just that.

Only stock I own now is private. Markets are too risky for what cash I have left.


15 posted on 08/08/2011 7:08:09 AM PDT by wardaddy
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To: Palter

5% would be down 600 pts. That would be huge, curious, how old are you?


16 posted on 08/08/2011 7:08:36 AM PDT by jpsb
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To: runninglips

S and P has a charm offensive out.

However it seems to be failing big time as their credibility is flagging. It is crystal clear their downgrade was a political not ecconomic decision. they keep citing the need for tax increases.

For the big boys who depend on the SandP to push paper it is clear they want a big government tarp2.


17 posted on 08/08/2011 7:08:56 AM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: Red Badger

Mission Accomplished SOBama.


18 posted on 08/08/2011 7:10:49 AM PDT by crosshairs (If Sharia Law becomes the law of the land, heads are gonna roll.)
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To: jpsb
Serious? That wouldn't even kick in the Dow Circuit Breakers. Let me know when we go back to 08' when we had -10% plus a couple of times.

People have short memories.

19 posted on 08/08/2011 7:12:49 AM PDT by Palter (Celebrate diversity .22, .223, .25, 9mm, .32 .357, 10mm, .44, .45, .500)
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To: Red Badger
Jeff Saut: It's Too Late To Panic
20 posted on 08/08/2011 7:13:01 AM PDT by blam
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To: Palter

Correction, -7%.


21 posted on 08/08/2011 7:14:21 AM PDT by Palter (Celebrate diversity .22, .223, .25, 9mm, .32 .357, 10mm, .44, .45, .500)
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To: Red Badger

I’ve asked the Admin Mod to pull my thread and put yours in Breaking News.


22 posted on 08/08/2011 7:14:45 AM PDT by CedarDave (Use the FR sidebar to track favorite keyword threads.)
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To: longtermmemmory

TARP2, QE3, ......FORE!.......................


23 posted on 08/08/2011 7:14:59 AM PDT by Red Badger ("Treason doth never prosper.... What's the reason? Why if it prosper, none dare call it treason.")
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To: Palter

Don’t believe there were any -10% days during the 2008 debacle.


24 posted on 08/08/2011 7:15:27 AM PDT by John W (Natural-born US citizen since 1955)
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To: Red Badger
New numbers (on the left side) had to be placed on the chart to keep up before reaching 10 AM. If there is another drop and more numbers are added, the speed of this ride could near the speed of light. Kids will scream, adults will pass out, and zer0 will be laughing when the jumpers start down toward the pavement.
25 posted on 08/08/2011 7:15:30 AM PDT by no-to-illegals (Please God, Protect and Bless Our Men and Women in Uniform with Victory. Amen.)
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To: GonzoGOP

I predict it will continue to drop. But, I like (and prefer) your optimism.


26 posted on 08/08/2011 7:16:55 AM PDT by Girlene
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To: Girlene

Dead cat bounce from -225 up to under the -200 mark, at -195 now. Wonder who had the pleasure of hitting the opening bell this morning?


27 posted on 08/08/2011 7:19:40 AM PDT by kingu (Everything starts with slashing the size and scope of the federal government.)
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To: Red Badger
Somehow, someway, this has to be the fault of those violent, terrorist tea baggers. Their lack of civility makes me foam at the mouth.
28 posted on 08/08/2011 7:21:59 AM PDT by South Hawthorne (In Memory of my dear Friend Henry Lee II)
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To: Girlene
I predict it will continue to drop. But, I like (and prefer) your optimism.

Actually I'm not terribly optimistic that the short covering will hold. Too many people want out of this market. They will sell every good sized uptick. At least until there is some other new event to change their minds.
29 posted on 08/08/2011 7:22:27 AM PDT by GonzoGOP (There are millions of paranoid people in the world and they are all out to get me.)
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To: jpsb

The NASDAQ is down about 5%. That is a real killer for pension funds that have a tech component. It’s all the fault of President Downgrade.


30 posted on 08/08/2011 7:27:11 AM PDT by chimera
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To: Red Badger
According to the downhill graphic of the first drop, rescue personnel reports several casualties at the first end drop. The slope will too severe and the ride leveled off too quickly. Additional rescue personnel have been called to the scene as fears of another drop increase.

This is satire. Do not take the above seriously.

31 posted on 08/08/2011 7:29:20 AM PDT by no-to-illegals (Please God, Protect and Bless Our Men and Women in Uniform with Victory. Amen.)
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To: Perdogg

Judge Smails


32 posted on 08/08/2011 7:30:31 AM PDT by al baby (Hi Mom!!! I know i was kidding)
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To: who knows what evil?

ØbAmA+


33 posted on 08/08/2011 7:30:31 AM PDT by tomkat (Sarah '12)
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To: Red Badger

34 posted on 08/08/2011 7:31:50 AM PDT by Haiku Guy (If you have a right / To the service I provide / I must be a slave)
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To: Haiku Guy

S&P goes full Rogue — downgrades Fannie and Freddie Mac . . .


35 posted on 08/08/2011 7:34:03 AM PDT by filbert (More filbert at http://www.medary.com--GAME ON!!!)
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To: chimera
Dow is doing better than S&P 500 and NASDAQ 100 by almost a full percentage point. Looks like a flight to quality. The big caps are falling more slowly than the small caps. But everybody is down. Look for Obama or Geither to speak around lunch time. The morning is a write off. The PPT will let the panic over the downgrade work its way out of the system and then try to get a bounce at lunch time. I give them a 75% chance of stopping the bleeding and a 10% chance of being down less than 100 on the day.
36 posted on 08/08/2011 7:34:45 AM PDT by GonzoGOP (There are millions of paranoid people in the world and they are all out to get me.)
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To: chimera

Market is telling us a recession is coming. Wonder what a recession will do to gov debt. Gonna be ugly if we double dip.


37 posted on 08/08/2011 7:35:11 AM PDT by jpsb
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To: Red Badger

obama must be celebrating. Even though he’s being called the downgraded president of a downgraded country, bring the USA down a couple of notches has ALWAYS been a goal of the left!!


38 posted on 08/08/2011 7:35:45 AM PDT by pgkdan (Time for a Cain Mutiny!)
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To: Baynative
Obama has yet to make any comment on the downgrade and the subsequent plunge in the markets.

This is a total abdication of responsibility indicative of total leadership failure.

Time for another hip hop party at the White Crib.

39 posted on 08/08/2011 7:36:10 AM PDT by Gabrial (The Whitehouse Nightmare will continue as long as the Nightmare is in the Whitehouse)
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To: Gabrial

When Teleprompter will give Lecture.
Waiting ..............


40 posted on 08/08/2011 7:37:59 AM PDT by jennychase
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To: jennychase

currently down 300, down 2.56%


41 posted on 08/08/2011 7:39:13 AM PDT by sunmars
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To: Gabrial

They are busy preparing arrest warrants for S&P execs.


42 posted on 08/08/2011 7:39:20 AM PDT by jpsb
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To: Red Badger
One
Big
Ass
Mistake
America
43 posted on 08/08/2011 7:39:35 AM PDT by pgkdan (Time for a Cain Mutiny!)
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To: Gabrial
RE: "Obama has yet to make any comment on the downgrade and the subsequent plunge in the markets."-


"...when faced with the greatest economic crisis, the greatest levels of economic inequality, and the greatest levels of corporate influence on politics since the Depression, Barack Obama stared into the eyes of history and chose to avert his gaze. Instead of indicting the people whose recklessness wrecked the economy, he put them in charge of it." - Drew Westen, New York Times

44 posted on 08/08/2011 7:39:49 AM PDT by Baynative (If the government was in charge of the desert , we'd soon have a shortage of sand.)
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To: filbert
S&P goes full Rogue — downgrades Fannie and Freddie Mac . . .

They were just talking about it on FOX business.

45 posted on 08/08/2011 7:39:49 AM PDT by 444Flyer
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To: jpsb

oh god.

S&P cuts Fannie Mae and Freddie Mac credit ratings from AAA to AA+


46 posted on 08/08/2011 7:40:27 AM PDT by sunmars
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To: Gabrial

When you give ten useless, pointless speeches in two weeks, the “Presidential Address” is somewhat devalued. Obama would catch flak for whatever he does at this point, he has made such a hash of things. I guess he figures it is better to be blamed for something he didn’t do than be blamed for something he did do.


47 posted on 08/08/2011 7:41:38 AM PDT by Haiku Guy (If you have a right / To the service I provide / I must be a slave)
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To: sunmars

no doubt, Obama has pissed off the ratings agency, he called them out, they now say, well screw you then.


48 posted on 08/08/2011 7:41:54 AM PDT by sunmars
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To: sunmars

Yes, not surprising at all, next comes downgrades to state and local gov (fox).


49 posted on 08/08/2011 7:41:59 AM PDT by jpsb
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To: sunmars
S&P cuts Fannie Mae and Freddie Mac credit ratings from AAA to AA+

Do you have a source for that information? Thanks.

50 posted on 08/08/2011 7:42:26 AM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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