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Stock Market in Landmark Plunge<P>
self | 06-21-2002 | self

Posted on 06/21/2002 1:00:28 PM PDT by Tuco-bad

The S&P experienced its worst 17-week period ever (based on number of up/down S&P weeks), with the S&P down 14 of the past 17 weeks.


TOPICS: Business/Economy
KEYWORDS: stockmarket
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To: edbarry
That's an awfully broad and negative generalization about liberals, who make up the majority of people in the USA

Since broad and negative generalizations are both the modus operandi and trademark of liberals, why not just accept it and move on to confront the plethora of problems liberalism has caused, not the least of which is the underpinnings of our current economic condition.
101 posted on 06/21/2002 2:49:28 PM PDT by pt17
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To: Tuco-bad
I still think Clinton left a time bomb in the economy.
102 posted on 06/21/2002 2:51:21 PM PDT by The Raven
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To: rohry
I am saddened when I see posts from well-meaning people who are buying stocks in this environment thinking that it is "patriotic."

Read on one of the market forums a guy saying " the bear market won't change until the last bull has given up", might be some truth in that
103 posted on 06/21/2002 2:51:46 PM PDT by steve50
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To: Digger
I'll quit the Bush trashing when he starts becoming a conservative. When he cleans up Washington by setting an example by putting the Klintoons up on trial. When he cuts the government spending. When he throws out George Tenent & all of the Klintoon hangovers. When he protects us by closing the boarders insted of cowtowing to the Mexicans. When he stops the payout to Teddy Kennedy for a corrupt or inefficient school system. When he acts like a leader & votoes just ONE of Tommy Dascholes increased spending bills- 1 1/2 yrs in office & NO VETO.......

Yeah, and pigs will fly.

104 posted on 06/21/2002 2:54:27 PM PDT by Kobyashi1942
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To: edbarry
do you actually believe anything you're writing?! We given you reams of evidence showing that the economy was NOT doing well under Clinton, that the whole thing was propped up on smoke, mirrors and cooked books but you still insist everything was grand.

then you say the mideast was peaceful under Billy?! Just when did the intifada start again? Oh yeah September 2000. How about the Cole bombing? Our embassy in Kenya? Blackhawk down anyone? When did the Taliban take control of Afghanistan? How many times has the CIA now said they knew where Bin Laden was but the president didn't let them go get him? And who was the president during those time?

Presidents don't get to start with a clean slate, all this crap is happening under Bush's watch because Clinton didn't take care of business. He was too busy gettin' BJs from fat interns to actually be president and the whole pile has spun out of control because there was no one at the wheel.
105 posted on 06/21/2002 2:54:33 PM PDT by discostu
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To: edbarry
edbarry member since June 21st, 2002

Bush should hire Clinton as a Mideast negotiator???

Back to DU for you, Bud.

106 posted on 06/21/2002 2:57:01 PM PDT by facedown
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To: Lazamataz
Those underwear are nasty.

Gosh Laz, I keep having to correct your grammar.

It's "Them underwears IS nasty".

107 posted on 06/21/2002 3:03:56 PM PDT by Ole Okie
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To: Lazamataz
Dollar cost averaging... EXACTLY!

Trajan88; TAMU Class of '88

108 posted on 06/21/2002 3:04:09 PM PDT by Trajan88
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To: edbarry
", why isn't the successful economy of the 1990s credited to Clinton? "

Because Clinton inheirited the Regan recovery of the 18% per annum Carter years. It took years just to get the interest rate down to 10%, which made people jump for joy. You have obviously have no idea of how hard it is to buy a house on $50,000 year income when the interest rate is at 12-13%, let alone 18%.

Clinton just happened to be sitting President when the internet "bubble"/Technology economy took off...He had nothing to do with creating it. It would have happened if Ross Perot had been sitting in the White House.

109 posted on 06/21/2002 3:17:08 PM PDT by Rebelbase
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To: scouse
Re#98. Interesting, but not suprising. As to Lieberman, he is, of course, a huge recipient of Anderson $$$. *sigh* at the corruption...
110 posted on 06/21/2002 4:04:22 PM PDT by eureka!
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To: Tuco-bad
During the Reagan years the stock market averaged 11% per year appreciation, good but not great.

That's the whole point. Stock prices shouldn't outrun productivity gains. A bubble is when this happens. And that's what happened during the decade of fakery and shallowness...the 90s. 100 to 1 PEs were ridiculous, and were brought to you by the plunge protectors. Everyone bought while there was no chance of a plunge. It was all fake.

111 posted on 06/21/2002 4:16:45 PM PDT by #3Fan
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To: discostu
You know do that crap if...

Good post otherwise, but could you check?

112 posted on 06/21/2002 4:49:01 PM PDT by Dec31,1999
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To: dighton
Final comment, liberals and liberal causes. This board was established for discussions by conservatives of events and concepts that are important to us. The media is dominated by liberals. The government is infested by liberals. Our educational institutions are overrun by liberals. The liberal viewpoint and liberal “debate” is forced upon us every day from every news broadcast, TV program, newspaper, school room, congressional debate, and on and on, ad infinitum. We are not suffering for a lack of liberal input. We do not need liberals coming in here to “inform” us or to “debate” with us on the need for so-called gay rights, abortion rights, gun-free rights, or to expand our minds to any other mushy liberal feel good concepts. There are no such rights in natural law, common law or the Constitution. We are well aware of your immoral and perverted desires, believe me. We do not need to hear it again. Your vanity posts on such subjects will likely get deleted, and you will likely get booted if you are a liberal and come in here thinking that we owe you a soapbox. This is not a government funded or approved project and we do not need to offer you equal time. If you are a liberal and want to post on FR (and several long-time posters are), you’d best watch your step and take care not to offend anyone, especially me. I have a very short fuse when it comes to tolerating anyone who wants to deprive me of my Constitutional rights, my God, my livelihood, the fruits of my labor, my children, my unborn grandchildren, my American Heritage, my freedom of association, my freedom or my Liberty.

Is this well-said or what?

113 posted on 06/21/2002 4:53:15 PM PDT by Dec31,1999
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To: discostu
He was too busy gettin' BJs from fat interns to actually be president and the whole pile has spun out of control because there was no one at the wheel.

I'm not sure that is true. He did bomb Iraq a lot, which never made the news. He bombed the hell out of Iraq. Things were different then. There was no way to really believe that we would suffer an attack as we have at that time, which is why the Bush Admin was caught off guard as well.

As far as the Moslems are concerned, they just got us when they were first able to, which is exactly what they will do again as their technology advances.

114 posted on 06/21/2002 5:06:59 PM PDT by Dec31,1999
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To: Dec31,1999
Sorry I'm a lousy typist to start with and it only gets worse when my adrenal gland is pumping.
115 posted on 06/21/2002 6:05:12 PM PDT by discostu
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To: The Raven
I still think Clinton left a time bomb in the economy.

Let me ask you this question, and anyone else who wishes to answer:

In your opinion would the economy be doing well if we were now in a roaring bull stock market?

116 posted on 06/21/2002 6:11:17 PM PDT by Tuco-bad
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To: Digger
"Some thought that GW was going to clean up gov & reduce the budget. Oh, were they fooled. And Bubba & the cellulite legged
Senator still rule with the FBI files & the neudered Ashcroft. Do you want to invest in this corruption?" Short and Sweet. True
117 posted on 06/21/2002 6:12:10 PM PDT by TBall
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To: Dec31,1999
The bombings of Iraq were a classic example of the problem with the Clinton Whitehouse. He knew he had to do "something" but because he was risk averse when it came to the polls, and really wasn't into long term commitment all he ever did was some half assed bombings... usually timed to coincide when he was having other presidential problems. As Bush has shown us, bombing the bejeezus out of somebody can really help matters but if you actually want to accomplish anything you need ground troops, Billy avoided ground troops. Again look at the CIA reports about requesting permission to take out Bin Laden and his answer was know, even knowing from other activites that BL was a clear and present danger to the nation. As we learned very early in his presidency Clinton has a definite fear of body bags and once the Somalia thing occured he went WAAAY out of his way to avoid them.
118 posted on 06/21/2002 6:16:35 PM PDT by discostu
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To: Tuco-bad
If we'd have had this dip back in 95, which is when I first started hearing from traders that the market was over valued, I think the economy would be in good shape now. Instead it had 4 more years to get even MORE over valued, which means the dip is going to have to be much deeper and the climb out is going to have to take longer.
119 posted on 06/21/2002 6:18:42 PM PDT by discostu
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To: Dec31,1999; Jim Robinson
Is this well-said or what?

Yes, it's a good strong statement in plain English. No wonder some libs would utterly fail to comprehend it.

120 posted on 06/21/2002 6:33:02 PM PDT by dighton
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To: Tuco-bad
The economy would be doing good if the government wasn't spending half of it. The best economy is near zero government. It's always the socialists to blame for recessions.
121 posted on 06/21/2002 6:42:29 PM PDT by The Raven
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To: edbarry
You mention the Mideast mess--it was more peaceful when Clinton kept the two sides talking, even when that treacherous Arafat was not negotiating in good faith. Bush would be smart to hire Clinton as a Mideast negotiator--let's face it, that's something he was good at.

Uhhhh, maybe your calendar is a little off. The latest violence in Israel STARTED during the wonderful Clinton administration ... September 29, 2000 to be exact. Now, unless you're going to claim that the Palestinians started Intifada II in anticipation of Bush coming into office in 2001, you better take back this "fact".

I guess the FACT that the 9-11 plot was hatched and some of the participants infiltrated this country during your beloved Clinton administration also slipped through your fact-filter.

Clinton's policies and actions were obviously ineffectual, as evidenced by the 9-11 attacks and the Intifada II.

122 posted on 06/21/2002 6:43:24 PM PDT by mikegi
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To: edbarry
They were not plotting to bring down the economy THEN - of course not - because they wanted to stay in power!!!!

But their shot at Microsoft (lawsuits) started the bubble implosion - and the Clinton false bubble is now having to be handled by President Bush's team....while the Clintonistas and their friends in Communist China and in the ARab terrorist states are doing everything possible to keep the stock market - and our econmy - in the doldrums! Clinton deserves ZERO credit for the 90's false economy. He was and is a thief of the highest order - enriching his insider trading friends - like McCauliffe at Global Crossings - while helping build a false euphoria by turning their backs to corporate malfesance - in fact encouraging it!

Keep talking? To Arafat - the chief terrorist in Israel?

President Bush has continued to talk. The latest infifada started in the fall of 2000....under Clinton. The Clinton crime family were using bribery to keep our enemies "incheck". Along with false promises.

If you continue to praise Bill Clinton, you will go the way of other Clinton lovers who have mistakenly ventured in here. We here that claptrap from the presstitutes every day - we do not have to tolerate it here!

123 posted on 06/21/2002 9:38:16 PM PDT by Freedom'sWorthIt
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To: discostu
Remember Burton Malkiel writing in the WSJ? A lot of people saw this coming. I remember arguing with my father-in-law in the mid-90's that since the barriers to entry were so low, margins in IT would approach pennies on the dollar. He disagreed, put A LOT of money in a software training company, and lost it all. Went to work for a second one. Down they went.

These boom-bust cycles are systemic to our inflationary economy. As one commentator has said, we no longer practice capitalism; we practice debtism.

Taxes are still way too high and the government has embarked on a dangerous spending spree. With an aging population and depleted capital stock, our creditors are seriously beginning to be skeptical of our ability to pay our public and private debt. There is more to come.

124 posted on 06/22/2002 6:17:42 AM PDT by SteamshipTime
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To: patriot_wes
"Oh for those days indeed . . . because they were brought to us by Reaganomics! During the Reagan years the stock market averaged 11% per year appreciation, good but not great. BTW - If you are interested - I am a lesbian, trapped in a man's body."

I'm sure no one's interested....
It's always the same with you gays...no matter how in·noc·u·ous the discussion, it has to end up being about sex....argh!

125 posted on 06/22/2002 8:51:50 AM PDT by patriot_wes
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To: SteamshipTime
Well tech isn't necessarily a bad investment, the big problem was that so many people thought that once something had a computer chip the rules suddenly changed, but the rules don't change. The training company is a classic example, there's plenty of money to be made in training people in software IF you're tied to one of the big software manufacturer and they've granted you the ability to certify people in the use their stuff. If your company can't grant recognized certificates forget it, then you have to make sure your local market isn't flooded. Just like if you opened a welding school, only not as messy.

The truth of the new economy is that there never was one. The same basic rules have applied for centuries and they aren't going away any time soon.
126 posted on 06/22/2002 9:04:27 AM PDT by discostu
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To: patriot_wes
I am a lesbian, trapped in a man's body." - Tuco-bad

I'm sure no one's interested....
It's always the same with you gays...no matter how in·noc·u·ous the discussion, it has to end up being about sex....argh! - patriot_wes

Methinks you didn't get my joke.

127 posted on 06/22/2002 11:17:05 AM PDT by Tuco-bad
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To: Lazamataz
I'm just gonna keep dollar cost averaging.

You are going to continue to lose your shirt and possibly your pants too.

Put your money into short term FED bonds until stock P/E ratios are between 7 and 14. Otherwise, It'll take 15 or so years for you to just make up your losses let alone start making money.

128 posted on 06/23/2002 9:28:26 AM PDT by disclaimer
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To: disclaimer
Otherwise, It'll take 15 or so years for you to just make up your losses let alone start making money.

I've got 15 years.

DollarCostAverageMan... here to right all wrongs... fighting for Truth, Justice and the Murrican way....

129 posted on 06/23/2002 9:30:15 AM PDT by Lazamataz
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To: patriot_wes
It's always the same with you gays...no matter how in·noc·u·ous the discussion, it has to end up being about sex....argh!

You said sex... huhhhuhhuhuhuuhhuhuhuhh hehehheheheheheh

130 posted on 06/23/2002 9:31:14 AM PDT by Lazamataz
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To: Lazamataz
Tuco-Bad is Back?!???

Woo Hoo!!!

I *love* reading his stuff... I mean, as a conservative surrounded by mean-spirited liberals I can relate to the guy... and like him, I deftly use wit and humor to successfully rattle the oposition...

131 posted on 06/23/2002 9:33:30 AM PDT by NapaCA
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To: All
I'd suggest that you move your money into Fed Short Term Bonds to protect your capital until after the following had occurred and returned to normal:

1.) The Stock Market Bubble is Washed Away: this will be the case when the DOW is around 5000, NASDAQ around 500 to 700, and the S&P500 around 300 or so. P/E ratios should be in the 7 to 14 range on your stock purchases. Dividends will then be back in style.

2.) Bond market crisis: Stay away from corporate bonds, state and local government bonds. There are going to be a lot of bankruptcies, and bonds will be hit hard in rating downgrades.

3.) Interest Rate Spike: Interest rates may spike due to government need to retain foreign investor in Fed bonds, and the general risky lending environment banks will encounter in corporate and consumer loans. Stay away from long-term bonds; they will drop in value when rates go up.

4.) Bank Failures: Some banks may fail especially those that issue credit cards. Use FDIC insured accounts only.

We are facing a major financial crisis – focus on preserving your money through the crisis not growing it. Money can be made in all of these phases, but not by the average investor.

The remainder of this post is from the Schaeffers Research site:

This is the beginning of the next leg lower in this bear market, and individual investors who are still influenced by the following widely held conventions will suffer in this coming decline.

1. We are in a developing bull market.
2. Buy and hold for the long haul is the best way to invest in stocks.
3. Blue chips will hold up in the market decline.
4. Small and mid-caps are the safe place to invest currently.
5. Stocks trading under $10 (particularly technology stocks) are cheap, and can't get any cheaper.

Please open your eyes and take some action to protect yourself and your families. This is your money, you have worked hard for it, and deserve to keep it. I am not trying to incite a panic, but I am hoping this will snap people out of the coma that seems to have gripped beaten up investors.

132 posted on 06/23/2002 12:26:02 PM PDT by disclaimer
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To: Lazamataz
disclaimer: Otherwise, It'll take 15 or so years for you to just make up your losses let alone start making money.

Lazamataz: I've got 15 years.

Oh good, you'll regain your investment principal but you won't make any money on it.

You must be a Motley Fool.

133 posted on 06/23/2002 12:30:49 PM PDT by disclaimer
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To: disclaimer
Oh good, you'll regain your investment principal but you won't make any money on it.

I love people who have absolute certain foreknowledge of the events yet to transpire.

What am I having for lunch tomorrow? The company menu is not up yet.

134 posted on 06/23/2002 12:45:49 PM PDT by Lazamataz
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To: Lazamataz
Ground turkey?
135 posted on 06/23/2002 12:58:23 PM PDT by technochick99
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To: technochick99
That's dinner, silly! :o)
136 posted on 06/23/2002 12:59:38 PM PDT by Lazamataz
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To: disclaimer
You are going to continue to lose your shirt and possibly your pants too.

Besides, I can't lose what I never have on.

137 posted on 06/23/2002 1:00:52 PM PDT by Lazamataz
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To: Tuco-bad
"Besides I'm the most consevative person in the FReeRepublic. "

And Laz is a closet Vegan.

138 posted on 06/24/2002 2:45:46 PM PDT by El Sordo
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To: d4now
Only if the dollar doesn't go any lower.

Then buy stock in companies that do more business overseas. Where did you come up with that idea?

139 posted on 06/24/2002 2:49:26 PM PDT by 1rudeboy
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To: 1rudeboy
Then buy stock in companies that do more business overseas

Good idea! Name a few and we'll look at their charts over the last few months.

140 posted on 06/24/2002 4:06:30 PM PDT by d4now
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