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Bill fails...DOW down 630 points...where will it end?

I say down 750 by close.

 

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Comments

  • LibertasplzLibertasplz Member Posts: 221

    725...28 minutes left.  This is bad.

  • SlytheSlythe Member UncommonPosts: 952

    It spiked to -740, and then went back up again. Biggest drop ever, passing the old record of -684 which was when the markets re-opened after September 11th.

  • n25phillyn25philly Member Posts: 1,317

    great time to buy

    member of imminst.org

  • FishermageFishermage Member Posts: 7,562

    So far, it's down about 6-7%. Not as bad as 1987.

  • FishermageFishermage Member Posts: 7,562
    Originally posted by Slythe


    It spiked to -740, and then went back up again. Biggest drop ever, passing the old record of -684 which was when the markets re-opened after September 11th.

     

    It's bad, but we must learn to ignore the point drop and look at the percentage drop. That's the real drop.

  • DekronDekron Member UncommonPosts: 7,358
    Originally posted by Fishermage 
    It's bad, but we must learn to ignore the point drop and look at the percentage drop. That's the real drop.

    I'm honestly not too concerned with the close. I am more concerned what is going to happen at open tomorrow - when the rest of the world's markets are at a close.

  • MidnitteMidnitte Member Posts: 510


    Originally posted by Fishermage
    So far, it's down about 6-7%. Not as bad as 1987.
    Not as bad but it will probably get worse, 6-8% is nothing to laugh at.

    image

  • FishermageFishermage Member Posts: 7,562
    Originally posted by Midnitte


     

    Originally posted by Fishermage

    So far, it's down about 6-7%. Not as bad as 1987.
    Not as bad but it will probably get worse, 6-8% is nothing to laugh at.

     

     

    I said it was bad, and I'm not laughing.

  • LibertasplzLibertasplz Member Posts: 221

    Bah, only ~600 points.

    Only a moderately disasterous day.

  • FishermageFishermage Member Posts: 7,562
    Originally posted by Libertasplz


    Bah, only ~600 points.
    Only a moderately disasterous day.

     

    There's always tomorrow... 

  • FishermageFishermage Member Posts: 7,562

    Close 688.08. I hope you're happy 

  • LibertasplzLibertasplz Member Posts: 221

    Oh nice at least it swung sorta in my direction.

  • MidnitteMidnitte Member Posts: 510


    Originally posted by Fishermage
    Close 688.08. I hope you're happy  image
    I won't be happy until Bush does set his precedented of not being the best or worse president but the last.

    Can we take bets for tomorrow? I'll bet a 100 point drop and at least another bank failure.

    image

  • FishermageFishermage Member Posts: 7,562
    Originally posted by Midnitte


     

    Originally posted by Fishermage

    Close 688.08. I hope you're happy 
    I won't be happy until Bush does set his precedented of not being the best or worse president but the last.

     

    Can we take bets for tomorrow? I'll bet a 100 point drop and at least another bank failure.

     

    Correction: 748.21 -- I bet Libertasplz is REAL happy now

    I'm not taking any bets. Back in the summer I told my friends I wouldn't be surprised to see DOW 10,000. Now I'm thinking it might go lower after this all works through.

  • frodusfrodus Member Posts: 2,396

    Its been over valued for yrs.Global problem now.Trump predicted this some time back.' now ' its going to be fun to watch oil drop,oil being the life blood of our economy.Oil will drop like a rock if their is no bill from congress.

    I predict,

    The liberal tinkering with the economy has (fail)

    No BAIL out.the paper is poisonous for the tax payer.yep

    Trade in material assumptions for spiritual facts and make permanent progress.

  • GorairGorair Member Posts: 959


    Originally posted by unconformed
    <Mod edit>

     
    or its the guys representing the mom and pops moving investments and retirement funds of their middle class customers to safer more stable places. This is HUGE market as online trading , funding from things like 401K 's , trading houses who usualyl buy stuff just to hold it for later are now trying to protect their customers the avg joe american who can think far enough ahead to put 5-10% of his earning away.

    Most of those "rich" guys you hate are doing what they can to protect the people who count on them to keep their trust safe and protect their customers, protect uncle freds retirement fund , sally's college inventsment portfolio etc and at the same time themselves , because i dont know a single person in business who doesnt tie up alot of their personal money into his/her own business.

    Plus they are trying to keep their customers who ARE paying their bills on time from suffering from those who dont and are dragging everyone else down with them.

    Dont blame the rich, blame the guy making 32K a year who bought a 200k$ house AND a 45k$ car. Its those "rich" guys making sure those of you who stayed within their lifestyle and pay on time dont have to foot the bill for the others who didnt or wont.

    This whole rich - poor thing is entire a media scare tactic that only people who refuse to understand how things work buy into.

    Im ashamed so many people are falling for it. The more i read and see what peolpe think vs whats real the more i really start to beleive we should give the middle and lower class exactly what they want for 10 years ... then come back and ask " How s that working out for you ".

    Now im not saying there arent greedy bad people out there , but thats not a rich/ poor thing thats a personality thing. For every 1 bad company you hear of, there are 10-20 goosd ones working in the rules , doing the right things that you will NEVER hear of.

    Never underestimate the power of stupid people in large groups.

  • DekronDekron Member UncommonPosts: 7,358

    Seems that things are only getting worse. Seems an economic collapse is near.
    DOW DOWN 25%

  • FishermageFishermage Member Posts: 7,562
    Originally posted by Dekron


    Seems that things are only getting worse. Seems an economic collapse is near.

    DOW DOWN 25%

     

    Oh geez ya got me

  • GazenthiaGazenthia Member Posts: 1,186

    It is tanking faster than Yahoo! or MSN can keep up with it. What does that say?

    ___________________
    Sadly, I see storm clouds on the horizon. A faint stench of Vanguard is in the air.-Kien

    http://www.penny-arcade.com/comic/2006/12/13/

  • DekronDekron Member UncommonPosts: 7,358
    Originally posted by Fishermage

    Originally posted by Dekron


    Seems that things are only getting worse. Seems an economic collapse is near.

    DOW DOWN 25%

     

    Oh geez ya got me

     

    Something had to lighten the mood here.

  • GazenthiaGazenthia Member Posts: 1,186

    Oh my god, its down 777+ (7%). Are they going to wind up halting trading at this point?

    ___________________
    Sadly, I see storm clouds on the horizon. A faint stench of Vanguard is in the air.-Kien

    http://www.penny-arcade.com/comic/2006/12/13/

  • streeastreea Member UncommonPosts: 654

    Just sick... it's not going to end anytime soon. And if it does end quickly, we'll be socialist because of it.

  • Reborn17Reborn17 Member Posts: 414
    Originally posted by unconformed


     who makes it drop like this?
    is it them rich folk that want the bailout and are flexing their economic muscles?
    wall street having a sissy attack cause they are not getting things their way?
    liberate me. free my mind. teach me a thing or two.



     

    Seems so. The international industrial and financial chieftains have a lot to gain from this bailout. The whole Dow Jones Industrial Average is based on only 30 stocks, so enough of them take a nosedive, the little guys will follow. Hysteria. Fact is, any true investor abhors the bailout, missing out on buying loan portfolios for pennies on the dollar sucks gonads. It could've made millions of millionaires in theory, and provide the liberated borrowers huge amounts of equity, reenergizing the economy, but what would a fascist dictatorship be if it did what was good for the people?

    "The people never give up their liberties but under some delusion." -Edmund Burke

    Who will rise up for me against the evildoers? or who will stand up for me against the workers of iniquity?"
    (Psalm 94:16)

  • LibertasplzLibertasplz Member Posts: 221

    Oh goody that worked out nicely...too bad I wasnt more aggressive in terms of the size of my options.

    A lot easier money than working. :)

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