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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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It’s time to: Run for the hills, and don’t look back.

Oh for the days of Bill Clinton and his PPT (Plunge Protection Team).

1 posted on 06/21/2002 1:00:28 PM PDT by Tuco-bad
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To: Tuco-bad
Oh for those days indeed . . . because they were brought to us by Reaganomics! (Pull your head out, my friend.)
2 posted on 06/21/2002 1:02:57 PM PDT by Xenalyte
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To: Tuco-bad
Also, it's only time to run for the hills if you plan to retire tomorrow. If you're under 50, you have plenty of time. This is a buying opportunity the likes of which we haven't seen in two decades.
3 posted on 06/21/2002 1:03:33 PM PDT by Xenalyte
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To: Xenalyte
Only if the dollar doesn't go any lower.
4 posted on 06/21/2002 1:05:38 PM PDT by d4now
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To: Tuco-bad
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?
5 posted on 06/21/2002 1:06:42 PM PDT by Digger
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To: Xenalyte
Powder..Patch..Ball FIRE!

This is a buying opportunity the likes of which we haven't seen in two decades.

Agreed.. I've really started loading the cash into the 401k, etc...

6 posted on 06/21/2002 1:07:12 PM PDT by BallandPowder
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To: Tuco-bad
Looks like the fraudulent market of the 90's is still taking its toll. Those purportedly in the know say that Demron and Global Crossing aren't the only companies with cooked books and crooked bean counting. Now, nobody knows who to trust. Sure was great while it lasted though. Gave a certain grifting, lying, predating, do nothing positive ex-president some good press...
7 posted on 06/21/2002 1:07:14 PM PDT by eureka!
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To: Tuco-bad
The Clinton economy was built at first on industrial production, which was a good thing.

Then came the Tulip Craze, which the Toons did nothing to reign in, as they benefited from it politically. Only in the Toon years could Dot Commers float isp's for websites that sold nothing and had no source of reliable income.

When the histories are written, the Clinton years will be ranked alongside the Roaring Twenties for sheer economic madness.

Be Seeing You,

Chris

8 posted on 06/21/2002 1:09:19 PM PDT by section9
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To: Digger
Where did you get that?

The market numbers are dropping because of overseas markets.

And the buble created by Clintons economy is bound to correct itself, just a matter of when.

The only point of your post is to trash bush. When will you guys quit?

9 posted on 06/21/2002 1:09:33 PM PDT by RedBloodedAmerican
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To: Xenalyte
Exactly. Everyone is panicking but if you're in it for the long term, there is nothing to really worry about. I also agree that now is prime buying time.
10 posted on 06/21/2002 1:09:36 PM PDT by inflorida
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To: Tuco-bad
A one-line vanity post, written by a man who promised to leave this forum if Bush won the election without winning California.

Breathtakingly audacious.

11 posted on 06/21/2002 1:09:44 PM PDT by Lazamataz
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To: Xenalyte
This is a good time to buy things that have some real value. I would not invest a dollar in this market. Of course I don't buy lottery tickets either...
12 posted on 06/21/2002 1:10:39 PM PDT by Raymond Hendrix
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To: Xenalyte
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.

13 posted on 06/21/2002 1:12:13 PM PDT by Tuco-bad
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To: Tuco-bad
So much for the '80s being the decade of greed.
14 posted on 06/21/2002 1:14:28 PM PDT by WhiteKnuckles
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To: RedBloodedAmerican
Stocks go down for the simple reason that they NEED to go down.They need to be sold off to purge the weak holders.So it is in EVERY bear market, and there is no reason why they go down except for that.The news will go in the direction of the trend, but how can you get a low unless you get selling and fear??

Things tend to look their worst at the or near the lows as well ;-)
15 posted on 06/21/2002 1:16:35 PM PDT by habs4ever
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To: Tuco-bad
Old Chinese saying about the market,bylo,selhi. It is apparent that all the "experts" did not heed that warning.
16 posted on 06/21/2002 1:17:32 PM PDT by cynicom
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To: Tuco-bad
"It’s time to: Run for the hills, and don’t look back."

Promises, promises...MUD

17 posted on 06/21/2002 1:18:16 PM PDT by Mudboy Slim
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To: Xenalyte
PEs are still too high. When they return to normal and everyone is wondering how low will they go, then buy.
18 posted on 06/21/2002 1:19:19 PM PDT by eno_
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To: cynicom
Bylo Selhi was my D.J. name in Philadeplhia back in the 1980's.

My partner was Byhi Sello. He was broke a lot.

19 posted on 06/21/2002 1:19:57 PM PDT by Lazamataz
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To: section9
The '90's as an era of madness?? Hardly.It was a transformational epoch where the promise of technology materialized in an exceptional productivity boom, with the consumer being the main beneficiary.America also came out ahead richer, as well.There was nothing fake about the '90's, except the Clinton's ;-)
20 posted on 06/21/2002 1:19:57 PM PDT by habs4ever
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To: eno_
I'm just gonna keep dollar cost averaging.
21 posted on 06/21/2002 1:20:22 PM PDT by Lazamataz
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To: Tuco-bad
BTW - If you are interested - I am a lesbian, trapped in a man's body.

She don't like liberals.

22 posted on 06/21/2002 1:21:23 PM PDT by Lazamataz
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To: Xenalyte
This is a buying opportunity the likes of which we haven't seen in two decades.

Agreed, although I thought that was the case several months ago and acted on it. Oh well, dollar cost averaging will eventually come out ahead...probably...

23 posted on 06/21/2002 1:23:15 PM PDT by ThinkDifferent
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To: Lazamataz
Isn't that a Flaming Lips song?
24 posted on 06/21/2002 1:24:46 PM PDT by Xenalyte
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To: Lazamataz
She don't like liberals.

Speak for yourself John Alden.

Besides I'm the most consevative person in the FReeRepublic.

25 posted on 06/21/2002 1:25:05 PM PDT by Tuco-bad
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To: Lazamataz
Laz...

Some of those "experts" get their Chinese twisted, and it comes out "byhi sello". Of course that language problem pops up when they are spending your money.

26 posted on 06/21/2002 1:25:57 PM PDT by cynicom
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Comment #27 Removed by Moderator

To: Tuco-bad
Many thanks, but I already have an overly liberal guy at home. :)
28 posted on 06/21/2002 1:27:44 PM PDT by Xenalyte
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To: Tuco-bad
Desperation doesn't play well!!!
29 posted on 06/21/2002 1:28:11 PM PDT by KSCITYBOY
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To: Xenalyte
Isn't that a Flaming Lips song?

Hah! No, but I hear she don't use jelly.

30 posted on 06/21/2002 1:29:18 PM PDT by Lazamataz
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To: inflorida
Well, I bought today. Not that my measly purchase can compare to institutional investors, but hey, I'm doing my part. Besides, I just can't resist things on sale. ;)
31 posted on 06/21/2002 1:30:55 PM PDT by Aggie Mama
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To: Tuco-bad
Besides I'm the most consevative person in the FReeRepublic.

In an "up-is-down", "black-is-white", "what-is-the-definition-of-'is'" kind of way.

32 posted on 06/21/2002 1:30:55 PM PDT by Lazamataz
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To: eureka!
Those purportedly in the know say that Demron and Global Crossing aren't the only companies with cooked books

Last night, PBS's Frontline did a couple of hours on this. Terrific show, well-balanced, extremely informative. Traced Arthur Anderson problems back through the last decade, showed Connecticut Senators Dodd and LIEberman as part of the reason why Enron could lie, cheat, and steal so easily, pointed fingers at Tauzin of Lousiana too and at Bush's new SEC chairman, named Pitt, who came in from heading the accounting industry's lobby organization.

All in all, it's a huge mess, with questionable accounting practices sanctioned by congressional piggies unwilling to offend their big donors.

Frontline really got on LIEberman's case, showing his picture with voiceover "some of the senators who were the most shocked, shocked I tell you, were the very senators who made sure accounting regulations were swiss-cheesed with loopholes."

But Pitt is going to be very vulnerable to attack. As accounting industry spokesman until recently, he's accused of being "the fox who guards the henhouse." Plus, he looks like a jerk. Hope Bush can find a better SEC chairman before the foodfight begins.

33 posted on 06/21/2002 1:31:05 PM PDT by PoisedWoman
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To: edbarry
You're kidding, right? Sheesh.

I thought I was done explaining that Reaganomics WORKED for us.

Or perhaps you're younger than I am, which means you have no memory of the Carter years, and therefore lack understanding of what Democrat leaders do to this country every damn time they get elected.
34 posted on 06/21/2002 1:32:05 PM PDT by Xenalyte
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To: edbarry
That was funny!
35 posted on 06/21/2002 1:32:11 PM PDT by WhiteKnuckles
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To: edbarry
you haven't been watching the news. The reason things "did well" in the Clinton economy was that the fox was gaurding the hen house. As more and more companies get busted for bad accounting practices it's becoming apparent that things weren't going well under Billy, they just looked that way because the books were cooked. And we all saw this trouble coming in 2000, Bush wasn't making things up when he said the economy was headed for trouble, all the halfway honest talking heads had been saying the same thing long before he did. The problem with an economy based on smoke and mirrors is that eventually somebody turns on a fan.
36 posted on 06/21/2002 1:33:04 PM PDT by discostu
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To: Tuco-bad
Did someone say today that perhaps Merck would be the next one caught with "creative book keeping"??????
37 posted on 06/21/2002 1:34:31 PM PDT by cynicom
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To: Tuco-bad
I just looked in the Landmark Plunge (it's just down the street from my apartment), and the stock market wasn't in there.
38 posted on 06/21/2002 1:34:46 PM PDT by BeHoldAPaleHorse
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To: Xenalyte
Many thanks, but I already have an overly liberal guy at home. :)

Do you need a conservative?

I could change.

39 posted on 06/21/2002 1:38:00 PM PDT by Tuco-bad
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Comment #40 Removed by Moderator

To: edbarry
INFIDEL!!!! Off with your head!!!!!
41 posted on 06/21/2002 1:41:32 PM PDT by newcats
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To: Xenalyte; BallandPowder
Buying opportunity...?

I used to think that way too, but it keeps going lower, we keep losing money, what do we watch it lose more significantly and keep saying buying opportunity?

42 posted on 06/21/2002 1:42:14 PM PDT by LiveFreeOrDie2001
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To: RedBloodedAmerican
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. Again when he acts like a conservative, when he acts like a Patton & not a Mr. Rogers.
43 posted on 06/21/2002 1:42:28 PM PDT by Digger
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To: Tuco-bad; Xenalyte
I could change.

Please do.

Those underwear are nasty.

44 posted on 06/21/2002 1:42:51 PM PDT by Lazamataz
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To: cynicom
Did someone say today that perhaps Merck would be the next one caught with "creative book keeping"??????

We must have the same sources.

45 posted on 06/21/2002 1:43:09 PM PDT by Tuco-bad
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To: LiveFreeOrDie2001
what do we watch it lose more significantly and keep saying buying opportunity?

No: I recomend running mad through the streets in a paninc, screaming our heads off.
46 posted on 06/21/2002 1:44:32 PM PDT by AdA$tra
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To: eno_
Yes, PE's are way too high. I am astounded that there are still those hoping to get their money out, or even worse, putting more money in.

Value is based on earnings, earnings, earnings, people. It is the PE, keep your eye on the ball.

47 posted on 06/21/2002 1:46:01 PM PDT by OK
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To: edbarry
If the bad economy of the late 1970s is (justifiably) blamed on Carter, why isn't the successful economy of the 1990s credited to Clinton?

I call the Clinton years, the Cocaine Economy. Sure, it felt good, but in the long term it was deadly.

The ramifications of the Decade of Fraud are that we had a good stock market while businesses all overstated earnings. Your guy, Clinton, taught the business community that there were no ramifications to lying under oath. The CEO's learned the lesson well. So they lied in the Prospectus' and in the Yearly Earning Reports.

RIGHT NOW is the Clinton Economy, because RIGHT NOW is when all the fallout is happening from the Decade of Greed.

So put that in your crack-pipe and smoke it.

48 posted on 06/21/2002 1:47:29 PM PDT by Lazamataz
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To: Lazamataz
Those underwear are nasty.

"no one's perfect." - Joe E. Brown, Some Like IT Hot" 1959

49 posted on 06/21/2002 1:47:38 PM PDT by Tuco-bad
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To: ThinkDifferent
Agreed, although I thought that was the case several months ago and acted on it. Oh well, dollar cost averaging will eventually come out ahead...probably...

After the next 30% drop on the S&P and about a 5 year stagnant market you might be right.

50 posted on 06/21/2002 1:48:26 PM PDT by Stentor
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