DOW = historic low drop

[Jeremy]

Boom

 

[ItsTime]

maybe we will stop being a DEBTOR NATION!

 

[Mister Grieves]

I wonder now if any of that blood on the street belongs to Buffett.

 

[Join The Paul Side]

Good. Fuck 'em. They broke, they bought it. Period.

On a high note, oil is down today.

 

[Alex Libman]

Stop panicking, tofunuts!

First of all, points don't matter, percentages do, and as far as percentage drops go today is nowhere close to the Top 10.

Second of all, the reason why it fell, some were expecting more corporate welfare sooner and didn't get it. That's a good drop.

Third of all, smart money isn't in Dow Jones right now. It's in Hong Kong and Seoul and so on. DJI isn't the pulse of world capitalism it once was. Yes, those markets will drop too, but in the long term they're still very good places to invest.

Life goes on.

 

[Kludge]

Up 200 points in just a few minutes. Danged Austrian day traders.

I'm looking at you, Cowlesy, OT.

 

[Join The Paul Side]

Down closes down more than 700 points. Most ever. Biggest drop since 9/17/01 in the aftermath of the 9/11 attacks. I'm waiting for Dubya to pop up on my TV screen and tell us all to go shopping.

 

[Scribbler de Stebbing]

It's a correction from an artificial high.

Besides, the Fed is managing to come up with the $700 billion it claimed to need from us (er, is still taking from us against our consent), so that should re-inflate the stock market.