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WTH DOW..........
Tyres100
Member Posts: 704
It is below 9900 around 9800 now and falling, what happens when we hit 9000 and below? Are we going to be doomed for the next few years because of this. I have serious doubts that things will be ok. KRAFT foods is now laying off people in N. America plants. Everyone is losing jobs right now, how can Greedy America survive this now. I see about 10 businesses near me closed up since last week. Many more seem to be closing, small businesses. These people run America, without them we won't be making any ground. Stupid Bailout will kill America.
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This goes to show the bailout was a pathetic plan. And, I predict, as usual, the Democrats will blame the Republicans.
wasnt that "Bailout" supposed to prevent this?
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9790 NOW and fluctuating.
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And I predict politicians will blame each other, regardless of party affiliation. Is there no end to partisan squabbling and division in America?
Is this really crashing or is it just adjusting like all the housing appraisals are doing these days?
Don't be terrorized! You're more likely to die of a car accident, drowning, fire, or murder! More people die every year from prescription drugs than terrorism LOL!
9750 now, and when all 3 major news channels are ignoring it essentially then you know they have been told to not touch that hot topic to create any panic. They are being censord. It is going up and down and adjusting for the major layoffs and speculations. One trader blog says the market is in a panic right now and could go below 9600 tomorrow.
My thoughts are since we lose 1 trillion dollars for every 100 lost then could this potentially make more companies go bankrupt this week or create more layoffs. Lets watch and see, we don't know if it will go back up tomorrow or not. I'm trying to be OPTOMISTIC here.
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Makane....You sir, are correct!
All this political culture war hasn't helped the American citizen at all. It's just ego run amuck..
It is down because the value of a dollar last week became a piece of shit. It has been going down since the fed has been injecting money into the market by printing more money.
Its wonderful! The smoke is in the air!
As people are layed off and companies adjust to the reality of what the economy is and will be like its like a forest fire. Beautiful glowing red hot embers leaving a ash strewn landscape of defunct businesses ran by the weakened remains of megacorps. Thats when its the best people!
Once things cool off you have more opportunities to buy, grow and spend then at any point in a economy
Things will get better. It just takes time. When a company crashes the assessed value of a commiditiy drops. Oh and my gold locket.. worth 50 bucks in the 1980s? Worth 4000 now hahaha, go gold!
The worst is yet to come
Umm, sorry but the dollar has been going up. It is up 1% on the Euro today.
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Ohh and the market dipped below 10,000 today which was what it was at in 2004. Do yall remember times being bad in 2004? NO! We are just seeing the rediculous bubble popping and the markets readjusting to REALISTIC levels. Calm down, your money is safe.
The government on the otherhand pulled a fast one over the American peoples eyes. Welcome to the U.S.S.A. comrads!
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You must be new to the markets.
Things like this happen all the time.
It's just a over flooded market with a bunch of knock offs, now the knock offs are dying out and it's OMG FIRE OMG FIRE..
Years of doom and gloom would be nice, I'd probably profit from it but it's not going to happen.
We saw far worse in market damage in the 90's than what we are seeing today.
Just a FYI to you small business closing fearists.
Yes a lot are closing, do you know why? Not because this current market screwed them.
They screwed themselves by not latching down in the previous markets. They are closing down because they didn't change with the times, unlike big business which does change with the times.
Small businesses generally flop first due to bad business planning. When the economy gets rough they sink.
If only HALF of the small business owners went to some form of business education we'd not see such epic failures, but no.
Most small business owners are owned by those people who say " I don't want to work for no one else but me---who needs school", as they reflect later while collecting food stamps....maybe business courses would of helped me predict the flow...
Of course either way I'll be looking to leech the blood out of someone.
It's what I do.
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Yes you are soooo right. Please everyone read the above and fear not. There are so many things that have to happen for us to go into another great depression that it almost makes it impossible. For one there is still a lot of money held by consumers and their money is now insured up to 250,000 in banks. That money would have to disappear for another Great Depression to happen.
Just let Wall Street flounder for a couple months and then I bet in January after the new prez takes office it will settle out.
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Supposeably it will take time for the bailout to have an effect *gags*
The people wanted Congress to work in a bi-partisan fashion and they didn't fail to dissapoint on this one. It was a bi-partisan effort to transfer money from the middle and lower classes's paychecks right to the corporations, wall street, and politicians like Pelosi.
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That bailout pretty much sealed the country' fate. 859billion dollars with no legal oversight. The next 2 years are going to be interesting.
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I don't know, I think we were screwed one way or the other. Plausibly the bill brought on the next (Global) Great Depression a bit sooner than it would have, but there is 0 doubt in my mind that it was going to happen by the end of 2009 at the latest. Oh and we just don't have any of that money for later to face that Other Crisis that we CAN'T AVOID now =D
People trying to claim that this isn't the next GD are either totally oblivious to what is happening all over the globe or they are in an extreme state of denial. Even if "the fundamentals are sound", which they certainly are not, you now have a crisis of confidence that was exacerbated by the Bailout Bill. Make no mistake about it- a large part of the bills intention was to restore confidence in the market.
When the house and senate explicitly went against the wishes of the people they were supposed to represent, people lost faith and/or retaliated. The No Banker Left Behind Act backfired.
I am also 100% sure the only reason the market 'recovered' today from a 800+ point plunge to 400 was because of Plunge Protection Team (look this up) intervention. That is to say, what happened today was a whole hell of a lot worse than what even the media is relating. The 'reality' was that it 'crashed' today. It's going to continue tomorrow. And the day after that. Until the PPT can do no more, and reality rears its ugly head for all and sundry to see. I predict that, barring a real life miracle, it is going to happen this week.
Just to reiterate and make it absolutely crystal clear, all of this is entirely my opinion. I am not advising anyone to do or not do anything whatsoever.
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