Anyone else feel good about the Dow closing 777 points lower?
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Trigonx
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I see it as a correction, it will show the true value of what the stocks should be. However, I can see the government using this as reasoning that we need a bailout and we need it RIGHT NOW. When it goes down enough to where people see value in the stocks it will stabilize, but I think we will see some intervention very very soon that will not let the market correct itself.
max
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It's better to know what the DOW and housing markets are REALLY worth so we can can better understand and address the problem.
If I have a serious illness.....I'd want to know how bad it is , so I can formulate a plan to get healthy again..... as opposed to the doctor propping me up with temporary feel good meds that mask the problem and make the inevitable day of reckoning worse...
let the DOW and housing markets go where gravity must take them......It has to happen.
If I have a serious illness.....I'd want to know how bad it is , so I can formulate a plan to get healthy again..... as opposed to the doctor propping me up with temporary feel good meds that mask the problem and make the inevitable day of reckoning worse...
let the DOW and housing markets go where gravity must take them......It has to happen.
slacker921
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I don't "like" it, but realize it's just the result of failed economic policy. It also beats the alternative, which is borrowing or printing more money to prop up the markets for a few months longer and paying for it for several generations.
Completely agree. It also makes me wonder, how I should actually invest and save my money.
cheapseats
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Seven percent, as well, if I'm not mistaken.
If you're a sign kind of person, which stock market people certainly seem to be, it seems like as good a sign as you're gonna get on the alley part of going around the block.
If you're a sign kind of person, which stock market people certainly seem to be, it seems like as good a sign as you're gonna get on the alley part of going around the block.
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If the Fed would stop printing so much money, it would go down to its real value, which would be healthy in the long run. Oil would also go down to a reasonable value very quickly, and the dollar would start rising. The negative impact would be the economy would slow down and we would likly face deep recession/depression. But that beats, a new financial world order, where the fed takes over the economy and we have an extended hyperinflation depression this country would never recover from without a revolution. We do not want the dollar to collapse.
Original_Intent
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Exact same.
angelatc
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Yeah, what's good for the stockholders isn't always what's good for the economy. And hey - the bond traders were busy for the first time in years.
NEPA_Revolution
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Ironically.... seeing the numbers taking a plunge due to a correct economic decision does make me feel all fuzzy inside.
i should add... i do feel good but damn it, my job may vanish and I am worried about the depression because we avoided "the bailout" but the Fed is still bailing out anyway and we're in scary shape. i wouldn't tough a stock, even at these prices... i'll wait till money's more worthless and stocks are more lower... it will make it a double coupon.
Indy4Chng
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Yes... as Peter Schiff says... a recession is when the economy corrects what it did wrong. This is good we need to keep it going, the sooner we hit bottom, the sooner we can start to fix this mess.
Also why does the Dow get so much play the S&P 500 is such a better measure of the market, btw it was down over 9% today. I think we need about a 25% pullback, we are at about 10-12%. We also need short-term interest rates to go to about 9-10% from the 5% we are at now.
Also why does the Dow get so much play the S&P 500 is such a better measure of the market, btw it was down over 9% today. I think we need about a 25% pullback, we are at about 10-12%. We also need short-term interest rates to go to about 9-10% from the 5% we are at now.
jkm1864
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Considering the number 7 is the number of completion .... 6 is the number of man
777 is the number for god
666 is the number for the anit christ
Yes I think its kind of prophetic to say the least and it just shows the end is near. I will loose my job more than likely but I can't be happier. I'll move in with my family and spend time with my family and enjoy all my food stores while the Obama & Mc'Cain zombies tear each other apart under martial law. As a matter of fact those fooooooks deserve it for stealing my tax money all these years and trampling all over my rights. They should have read their constitution and we wouldn't have got into this mess. Oh its their fault they just don't know it yet. I am sure happy to know true patriots like You guys because I at least know when all is said and done true patriots will move in and pick up the pieces.
777 is the number for god
666 is the number for the anit christ
Yes I think its kind of prophetic to say the least and it just shows the end is near. I will loose my job more than likely but I can't be happier. I'll move in with my family and spend time with my family and enjoy all my food stores while the Obama & Mc'Cain zombies tear each other apart under martial law. As a matter of fact those fooooooks deserve it for stealing my tax money all these years and trampling all over my rights. They should have read their constitution and we wouldn't have got into this mess. Oh its their fault they just don't know it yet. I am sure happy to know true patriots like You guys because I at least know when all is said and done true patriots will move in and pick up the pieces.
