Back to where we were at the end of November. In light of IBMs earnings and Obama officially in office though, I wonder if we'll see a rally tomorrow? All in all though what a horrible day on the markets. 
Dow down another 332 points
- Thread starter 30ashopper
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The Dow can suck it! :angry:
We elect a great new president, millions turn out to see him sworn in w/o incident, and he gives a fabulous speech that gives the populace hope for tomorrow and the pucking thing goes down 300+ points.
Rather rude IMO!
We elect a great new president, millions turn out to see him sworn in w/o incident, and he gives a fabulous speech that gives the populace hope for tomorrow and the pucking thing goes down 300+ points.
Rather rude IMO!
The Dow can suck it! :angry:
We elect a great new president, millions turn out to see him sworn in w/o incident, and he gives a fabulous speech that gives the populace hope for tomorrow and the pucking thing goes down 300+ points.
Rather rude IMO!
Yeah, i guess historically the dow usually falls on these days but personally I was expecting a rally from last week. Obama and Congress need to get past all the sillyness and get the new team in place, fast. We need a little stability right now and I think the markets are saying - "we don't see any signs of that yet."
This drop isn't a political comment on today's activities.
For expected events the good or bad effects are factored in as soon as it is known that the event will occur. That effect was applied last November.
This is just the Dow's inexorable decline due to where the U.S (and world) economy will be for the next several years.
I'm just hoping the Dow is above 7000 on 12/31/09 (but I am surely not expecting it.)
For expected events the good or bad effects are factored in as soon as it is known that the event will occur. That effect was applied last November.
This is just the Dow's inexorable decline due to where the U.S (and world) economy will be for the next several years.
I'm just hoping the Dow is above 7000 on 12/31/09 (but I am surely not expecting it.)
The country (globe actually) is celebrating and cautiously optimistic about the future and the Dow is pouring cold water on that. It seesaws all the time on political events, so I fail to see why a wildly successful inauguration couldn't temper the negative news that also came out today - especially since it wasn't anything unexpected.
Since we wouldn't BE in such a mess if Wall Street had behaved themselves, the bat turds can take their -332 pts. and shove it where the sun don't shine!
Since we wouldn't BE in such a mess if Wall Street had behaved themselves, the bat turds can take their -332 pts. and shove it where the sun don't shine!
While Wall Street may bear some of the blame for the current economic disaster, to blame it and say they misbehaved is to ignore a lot of causes that stretch far beyond Wall Street. You can blame a lot of speculators, hedge funds and CEO irresponsiblility but you had also better blame greedy lending institutions who loaned money to many they should have known couldn't repay it. I say you can chalk a lot of it up to our "instant gratification" society.The country (globe actually) is celebrating and cautiously optimistic about the future and the Dow is pouring cold water on that. It seesaws all the time on political events, so I fail to see why a wildly successful inauguration couldn't temper the negative news that also came out today - especially since it wasn't anything unexpected.
Since we wouldn't BE in such a mess if Wall Street had behaved themselves, the bat turds can take their -332 pts. and shove it where the sun don't shine!
In short, there is plenty of blame to go around.
It's pretty scary that on this day of hope for change, the hope of the financial world didn't correspond.
The DOW isn't directly connected to the Inauguration? Why is anyone surprised when the DOW drops or climbs 300 pts? Nothing new there.
It is indeed. The only way to make money in this volatile stock market is to buy on the dips <pray for it to go up> and cash out when it goes higher <hopefully before others cash out first>...wash, rinse, repeat.
Most of the talking heads reporting the market on TV have tossed fundamentals aside and have taken to guessing on how the next piece of news is going to move the markets. Some times they're right--but most of the time they've been wrong.
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