Posted on 09/29/2008 1:33:22 PM PDT by AngieGal
Still above 10,000. Seems stuck on 777 now. Is this the new 666?....LOL
KEEP CALLING YOUR CONGRESSCRITTERS! NOT ALLOWING THIS COUNTRY TO BECOME SOCIALIST,MARXIST OR COMMUNIST IS MORE IMPORTANT THAN OUR WALLETS RIGHT NOW!
just my humble screaming opinion (grin)
The nervous ninnies on Wall street will calm down and it will recover in the next few days.
That's called a double top.
Isn’t it normal for them to react? We’ve had worse times.....by the way, did I hear correctly oil fell $10.00? Hmmmmm, these oil people seem pretty smart to me regarding money. If this bailout was such a good idea and it was booted, wouldn’t they raise prices instead?
I wonder if the bill had passed....would oil have risen $20 or more?
I had intended to address that to all, but forgot to before I hit post. SAT
As of today it's gone down 4,000 points from its high.
And going lower unless we get a plan.
“...lose another 20% before it’s all over.”
8300. Then...All In.
Not for another 6-9 months is my thought. We still have earnings to work through and they are likely to be a bit disappointing.
lol - I’m glad that makes sense to you!
This is interesting. While this is the most points ever, it’s not the largest % (which would seem to be more important to me, but what do I know?)
http://www.mdleasing.com/djia-losses.htm
susie
Availability of credit is pretty fundamental to capitalism. This is NOT a trivial matter.
Am I missing some significance?
This Paulson guy, if I understtand correctly, is a liberal Democrat. Why should we let him have our money? I'm glad the bill failed and thanked my Representative Virgil Goode (R-VA 5th) and or neighbor Bob Goodlatte (R-VA 6th) for standing against this crap samwich!
I’ll start looking in 6 months to see where we are. I need to hear some more bad news before I get excited to buy. 8,300 sounds good but then again, the NASDAQ sounded good at 3,000 in 2001 then went on to lose another 1,700 points as I recall....
Your right, but I think your being conservative. The housing prices still have yet to find a bottom.
No matter who wins this charade we are gonna have alot of work to do.
And the 1929 crash was Oct. 29. The Dow went down 12.8% and it didn't stop there, eventually losing 90%. October is not a good month for stocks and it's just about to start.
Dow ended down 777.68.
==
Paulson LIVE statement just a few moments ago:
Very disappointed.
Foreign markets under stress.
Families feel credit crunch.
==
CNBC commentators are upset that Paulsen is upset that they can’t get the bailout.
[CNBC sure is spinning FOR this bailout.]
I had to turn him off... He really is a drama queen.
susie
It's the Brokers who sold stock for their investors who made plenty of money today. And they'll make it on the upswing too.
sw
Yes, quite some time ago. ;-)
CNN was going on as if it were the end of the world. The market closed down 777. Isn't triple sevens supposed to be good luck?
I believe the market will revive, given time. Our 401Ks might not be real pretty for a while and there are likely to be some economic hits, but we are a free nation and that's what matters most.
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