Below 1000? By the end of the week it'll be below 8000

Discussion in 'Politics' started by Caligirl, Oct 9, 2008.

  1. Caligirl
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    Caligirl Oh yes it is too!

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    Amazing - Here's the dow since friday, when the "necessary" bailout was passed.

    [​IMG]

    If someone could edit the title to make the 1000 a 10,000 I'd be much grateful.
     
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  2. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    What? The "Crap Sandwich" didn't work? They said we needed it immediately else suffer market meltdown. I'm shocked that our elected officials would lie to us like that!
    I'm Shocked I tell ya!
     
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  3. editec
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    editec Mr. Forgot-it-All

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    One year from today will we be talking about the former General Motors?

    If American car makers can't finance cars, and at very sweet rates, too, can they really sell enough cars (in a consumer depression economy ) to stay afloat for one more year?

    I doubt it.

    Remember when the quip used to be what is good for General Motors is good for America?

    Well, folks to great extent that is still true.

    Consider not only General motors, but all the companies making their parts, and all their dealers, and GM finanical services, too.

    Consider the fact that we are witnessing the decline in housing market and the auto market at the same time.

    All I know is I sure picked a lousy time not to be independently wealthy.
     
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  4. Skull Pilot
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    Skull Pilot Platinum Member

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    The DJI really doesn't mean anything. especially now. Do you really think that all the companies traded on the NYSE are suddenly going out of business?


    The truth is you can buy solid dividend paying stocks that could really boost your retirement in the next 25 years.

    Good Stocks to Buy Now
     
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  5. Seraph
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    Seraph Mid West

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    1000 seems appropriate with the direction it's going :/
     
    Last edited: Oct 9, 2008
  6. Paulie
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    Paulie Platinum Member

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    Not to worry. A foreign company will buy it up with Dollars they don't want anymore.

    This country would be just fine without ANY of those 30 companies. I don't see what the big deal is. Move your damn money out of it and use your head. There is a bull market somewhere.
     
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    Last edited: Oct 9, 2008
  7. editec
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    editec Mr. Forgot-it-All

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    I think many of the tech stocks are in good cash positions.

    Assuming, of course, they weren't carrying their assets in the form of Fannie Mae bonds, of course.
     
  8. editec
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    editec Mr. Forgot-it-All

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    Yes, but is GM's management foolish enough to take payment in USD?

    I'd hold out for payment in Yauns if I were them.
     
  9. Paulie
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    Paulie Platinum Member

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    I don't know. Budweisers' were.
     
  10. AVG-JOE
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    AVG-JOE American Mutt Staff Member Gold Supporting Member

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    I'm afraid Bush didn't ram that legislation through to save the stock market... He has a different agenda.

    What do you bet our e-mail campaign to thwart the original bail out of 4 pages played right into his hands for jamming through the 600 page version.

    These are history making days... and not the fun kind!

    -Joe
     

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