Dow tanking once again . . .

Prages said:
Do you think the first quarter numbers are going to change the momentum of the market?
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no. but i do think it'll shock people into doing something and that may be reflected in 3rd quarter numbers. if not a slower downward trend, then stagnation.
 
I'm glad I dont have any money in the markets. I dont understand this one tiny bit. People are ruining themselves by ....... speculating that they are going to be ruined.

:facepalm:
 
Chihlidog said:
I'm glad I dont have any money in the markets. I dont understand this one tiny bit. People are ruining themselves by ....... speculating that they are going to be ruined.

:facepalm:
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its the reverse of what happened the past few years when they made money by speculating they'd make money. at some point, the market will find a balance. but not as long as the same, short sighted idiots have their jobs.
 
Looking at the financial reports due this week - it probably will drop more before the week is over.
 
Wall street investors aren't duped the way regular Obama voters are. I'm not so sure The man thought of this when conspiring to lure the voters.

Now he has to answer to educated people who are the ones who actually make "the world go 'round". They have no confidence in him or his policy.

His supporters are jumping ship faster than can be counted.

It's gonna be an ugly ride, fellas. This is what you get when you hire a cult of personality. Next time we need to vote on real substance.

Oh, and as fun as it would be, we can't pin this one on goober Bush. This guy has done more damage in weeks than Bush did in 8 years.
 
It would be nice if someone substantive ran. The only one this last time that seemed to know anything about money was Romney. But he never stood a chance.

I dunno. Its like our political system is set up so the poop rises to the top. :mad:
 
derivicus said:
Wall street investors aren't duped the way regular Obama voters are. I'm not so sure The man thought of this when conspiring to lure the voters.

Now he has to answer to educated people who are the ones who actually make "the world go 'round". They have no confidence in him or his policy.

His supporters are jumping ship faster than can be counted.

It's gonna be an ugly ride, fellas. This is what you get when you hire a cult of personality. Next time we need to vote on real substance.

Oh, and as fun as it would be, we can't pin this one on goober Bush. This guy has done more damage in weeks than Bush did in 8 years.
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:confused:

anybody with half a brain would have seen this coming back in October before the election was decided. "oh hey look, the bottom fell out. that means Christmas is gonna suck and the market is gonna tank at least through the first quarter as all the crappy numbers come out and people get laid off. time to hold on for the rollercoaster."

yes, it would have been nice if the bottom was 8000, which is what people hoped it would be two months ago. but its probably more like 5000.

if i've learned one thing from living in NYC, its that traders are more superstitious, streaky, and flighty than ballplayers. if you're counting on them to "jumpstart the economy", i've got a bridge in Brooklyn to sell you. cheap.
 
Help!I'maRock! said:
:confused:

anybody with half a brain would have seen this coming back in October before the election was decided. "oh hey look, the bottom fell out. that means Christmas is gonna suck and the market is gonna tank at least through the first quarter as all the crappy numbers come out and people get laid off. time to hold on for the rollercoaster."

yes, it would have been nice if the bottom was 8000, which is what people hoped it would be two months ago. but its probably more like 5000.

if i've learned one thing from living in NYC, its that traders are more superstitious, streaky, and flighty than ballplayers. if you're counting on them to "jumpstart the economy", i've got a bridge in Brooklyn to sell you. cheap.
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I'm with you on this one. I think this fall has been coming for a while, all politics aside. This is a market problem. I'm just hoping for some post first quarter up starts.
 
Mrs.P said:
I'm with you on this one. I think this fall has been coming for a while, all politics aside. This is a market problem. I'm just hoping for some post first quarter up starts.
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The problem is that the economy is always cyclical. No matter what you thought of Bush (An I am NOT a fan) there were a few things out of his control in the beginning...9/11 being the main one (conspiracy theories aside). The economy can be pushed around a little but ultimately I think it has its own gravity and it will go up and down regardless of what the brain trust on Wall Street or 1600 Pennsylvania Ave do.

If they meddle too much with it it seems the the highs and lows are so extreme that they make things much worse. The economy has been on a downhill slide for nearly 2 years as far as I could see from here. Locally things had started sliding enough by the end of 2007 that my wife and I went into "crash" mode and started slashing our expenses at the beginning of 2008. I am getting my stuff together to do my taxes and I have very few write offs this year compared to years past. On the other hand we were able to adjust our business quickly enough that we are less than 10% off our average from the previous year profit-wise.

A slide that long in the making will only get worse harder and faster as it nears the bottom and slowing it would be like trying to stop an oil tanker at full speed. I doubt that Obama will leave this county in a better state than he received 4 years from now it but the trick will be to make it not as bad as it can be.

Just my .02 as a small business owner....
 
Weren't the stocks way overpriced like California real estate...

And there now coming back down to reality
 
markwein said:
The problem is that the economy is always cyclical. No matter what you thought of Bush (An I am NOT a fan) there were a few things out of his control in the beginning...9/11 being the main one (conspiracy theories aside). The economy can be pushed around a little but ultimately I think it has its own gravity and it will go up and down regardless of what the brain trust on Wall Street or 1600 Pennsylvania Ave do.

If they meddle too much with it it seems the the highs and lows are so extreme that they make things much worse. The economy has been on a downhill slide for nearly 2 years as far as I could see from here. Locally things had started sliding enough by the end of 2007 that my wife and I went into "crash" mode and started slashing our expenses at the beginning of 2008. I am getting my stuff together to do my taxes and I have very few write offs this year compared to years past. On the other hand we were able to adjust our business quickly enough that we are less than 10% off our average from the previous year profit-wise.

A slide that long in the making will only get worse harder and faster as it nears the bottom and slowing it would be like trying to stop an oil tanker at full speed. I doubt that Obama will leave this county in a better state than he received 4 years from now it but the trick will be to make it not as bad as it can be.

Just my .02 as a small business owner....
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My feelings exactly.
 
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