Is today the day the Dow sinks 1000 in a single day?

Discussion in 'Current Events' started by Baruch Menachem, Oct 16, 2008.

  1. Baruch Menachem
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    Baruch Menachem '

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    Last nights debate... McCain wasn't there. Joe did a good job for him instead, but it isn't enough.

    So now the markets are going to price in Obama's victory. All those of you with 401Ks, kiss them goodbye.
     
  2. Ravi
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    Ravi Diamond Member

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    Surely not forever.
     
  3. strollingbones
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    strollingbones Diamond Member

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    i think its perceptions like this that are hurting the overall view of americans.....of course i dont like the bail out and the fact that now banks etc are being bailed out instead of forcing them to sell on private market...why sell on a private market for 30 cents to a dollar when you can wait on a bail out paying 80 cents to the dollar...why did the party of free enterprise and captalism toss in the towel...why are the americans taxpayers getting the worst of both systems,,, captalism and socialism.
     
  4. DavidS
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    DavidS Anti-Tea Party Member

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    You're obviously clear in your disdain for Obama, however; I'm curious as to why you would think an Obama victory would cause the market to crash.

    Anyone remember the day Bush was innagurated? The DOW posted a new, then, intraday low of 770.

    Btw - They would halt trading at down 870. That's 10%.
     
  5. politicalguy
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    politicalguy PoliticalGuy

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    I agree- I highly doubt Obama's inauguration would cause the market to crash. Of course, whenever there is a new President put into office, the market is unstable.

    I don't think the Bail Out Plan will entirely work, nor is Obama and McCain prepared to handle such a crisis. During the great depression, the President imposed the New Deal which helped to alleviate the distress. When Mayor La Guardia of NYC got hold of this plan he took the funds granted by the feds to establish public works and supplying jobs for these projects. Today, I'm not sure a New Deal would be appropriate. Federal regulation as such is not as accepted in this world as it was then. While Americans are suffering, I do not see Wall Street workers waiting in a bread line before heading back to their Hoover Homes at Riverside Park. Also, I think the biggest problem right now with Americans is what Mayor Bloomberg stated to John Gambling on WOR 710 radio, which is the United States citizens have lost their confidence in the markets.

    Until McCain and Obama propose a clear cut plan, similar to the New Deal in alleviating the financial downfall but not in its socialist ideals, I do not think either of them will help the economy regain its strength.
     
  6. Bern80
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    Bern80 Gold Member

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    I don't think it will be as severe as that. My latest view is that there may be some misconception by the general public that this bailout is the beginning fo a turnaround. I don't see that happening. I think all you're going to see is a less severe decline for awhile.
     
  7. doeton
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    doeton Senior Member

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    good lord we're tettering on disaster.

    the debt has doubled in 8 years.

    DOUBLED.

    The dow is down what 20 percent?

    we've just spent an unheard of trillion dollars. On who the fxck knows what.

    we're in for a recession.

    the last 8 years were just borrowed time.
     
  8. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Dogs and cats living together, MASS HYSTERIA!

    (Sounds like JCC)
     
  9. trobinett
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    trobinett Senior Member

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    What a jerk.

    Don't you have something important to do?

    Wait, your doing it, watching television, and calling out the end of the world.

    Carry on dick head...........:eusa_hand::eusa_hand:

    Will you be having soup dejour with that?
     
  10. Charles_Main
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    Charles_Main AR15 Owner

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    Wall street has already priced in an Obama victory, Anyone that does not think Obamas policies, particularly when it comes to Capitol gains and dividens would not hurt the market is a FOOL.
     

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