I'm Cheerin the Fall of the DOW!

[dawnbt]

Dow 9,841.36 -484.02 -4.69%

 

[Bigvick]

well my shares in google went down another 5% today. horray.............

I think I will cut my losses soon lol

 

[DFF]

Things are starting to cool down...

 

[Kade]

Cheer the fall of the Dow!

 

[werdd]

Cheer the fall of the Dow!

yeah, how are we ever going to get universal healthcare with our economy melting down, we need more bailouts!

::facepalm::

 

[Bigvick]

was recovering but back down we go, 600-650 by close I think..

 

[LibertyEagle]

i'm not cheering "honest, hard-working people losing their life's savings" you dolt. when did i ever say it was a good thing for people to lose their savings? my level of failure? maybe you haven't kept up with the posts, but my household is self sufficient for at least a year. maybe if people weren't so busy working their asses off for the almighty dollar and actually took a second to think about their own precarious position in life, it would be different.

what if you were heavily invested into the market and it was booming? would you be cheering? or would you condem the meteroic rise of the stock market because it wasn't benefitting everyone?

What's this "benefiting everyone" BS? Sounds to me a little like Karl Marx's... from each according to his ability, to each according to his needs.

what about the hard working people who didn't rely on the stock market for wealth? would you be so concerned about those souls?

I don't cheer ANYONE losing money, if they came by it honestly. Apparently, you see it differently.

The point is, that there are all kinds of every day people out there, who are losing their life savings right now. They earned their money honestly and thought they had invested it wisely. While I understand that those of you celebrating this, are probably just wanting to get back at the bankers and others who created this mess, you've got to know that these people are not the ones being hurt. They however, will be the ones bailed out by Paulson, Bernanke and crew.

 

[Mini-Me]

I don't cheer other people's misery. I guess in the end, this is where I differ most from conservatives.

It looks like you're in the same boat as rockandrollsouls then...who I believe considers himself conservative.

In other words, don't generalize.

BTW (not to Kade), Liberty Eagle is right. The poor and middle class will lose their life savings, whereas the people who screwed up our economy will find a way to keep their wealth. Stock prices have been in a bubble and they need to return to realistic levels for long-term economic sustainability, but a precipitous crash is not a good thing.

As ANOTHER edit, it looks like the DOW might go up over 10k again today. That might be because of the PPT, or it could just be a bunch of people buying at what they consider low prices. Hopefully, more people who aren't prepared can and will get scared enough by today's events that they'll start taking some extra precautions.

 

[Kade]

yeah, how are we ever going to get universal healthcare with our economy melting down, we need more bailouts!

::facepalm::

Don't you have more goat children to father?

Seriously, you are getting on my bad side Werdd. Your comments make absolutely no sense, and I'm beginning to think the Goat Porn is a reality. I apologized to you once, I won't again.

 

[LibertyEagle]

Another rare time I disagree with you LE.

I am sure my 401(k) is getting wiped out as we speak. And I wouldn't say I am cheering, but deep down I am glad to see this because the only thing that will wake people up is pain, be it physical pain, financial pain whatever.
I do not celebrate people losing their jobs, I do celbrate what I see as a necessary step to us having any chance of saving this country. This will get people to stop watching NASCAR for 5 minutes and take notice to what is going on in this country.

I agree that it is waking up more people and of that, I am happy. However, I still don't agree celebrating honest people being wiped out. I can't celebrate that at all. Beyond that, just imagine what kind of jerks we look like to people who are searching for answers and come over here looking for them. Do you think that would encourage them to give Austrian Economics a look-see? I don't. I think we should employ a little more class.

 

[werdd]

Point taken, there is quite a bit of shadenfreude going on ATM.

We were right, no need to rub it in anyones face. If someone ask's how did this happen, we can give them the answers.

The fed creating artificially low interest rates, which in turn caused companies to give low APR mortgages, which inflated the price of everyones home.

We cant let people accept what the media is now telling them, that it's the companies fault and we need more regulation. We must make it known that it goes back a step further, and originates entirely with the fed, and our monetary policy.

I look forward to hearing peter schiff tonight

 

[ghengis86]

What's this "benefiting everyone" BS? Sounds to me a little like Karl Marx's... from each according to his ability, to each according to his needs.


I don't cheer ANYONE losing money, if they came by it honestly. Apparently, you see it differently.

The point is, that there are all kinds of every day people out there, who are losing their life savings right now. They earned their money honestly and thought they had invested it wisely. While I understand that those of you celebrating this, are probably just wanting to get back at the bankers and others who created this mess, you've got to know that these people are not the ones being hurt. They however, will be the ones bailed out by Paulson, Bernanke and crew.

No shit it sounds like Karl Marx, that's the point. if right now the Dow was going through the roof, would we still be worrying about the honest, hard worker losing his shirt because he made a bad investment (HD-DVD)? Or that he spent all his hard earned wealth investing, even with the disclaimers that stocks can lose value? No, people would be saying 'you should have done this or that'.

And how does one make honest money in the stock market if these banks are selling fraudulent investments, inflated earnings, etc.? All that money being made to boost Enron stock was fraudulent, so should the honest employee/investor still have a right to that money that was made dishonestly? Wouldn't they be taking someone elses investment money? Do people get their money back after they've been duped into a ponzi scheme?

so why is it wrong to cheer the fall of the Dow for those of us who weren't over exposed and allocated our wealth in to things that will secure our future? Rockandrollsoul is making a killing today (accroding to him, but I tend to believe he's made the right calls/puts). We should have compassion, but nobody put a gun to their head and told them "do this or that with your money, or else!"

I'm not saying i'm cheering people getting wiped out financially. All I'm saying is that when things are booming, I would hope there is still such defense for the 'honest hard worker' that gets laid off, makes a bad investment, etc. otherwise its hypocritical

 

[Anti Federalist]

the fact of the matter is that this is all orchestrated by an elite group. The american people as well as a large part of the world will play into this trap. This will usher in a new era in civilization. One that many of us will detest. There will be very bad times for people soon but this will also breed an awakening and real patriotism! We must fight like our lives, and the lives of our families depend on it, as they most surely do

+1776

 

[Anti Federalist]

Maybe this will also be what it takes to make people understand how dangerous and foolish a "globally connected" marketplace is, with transnational corporations running roughshod over and trumping more important considerations of national sovereignty and independence.

Using a marine analogy, the "global" marketplace is like building a 1000 foot ship with one single water tight compartment. Put a hole in it anywhere and the whole thing sinks.

 

[sirachman]

Go back and read my other posts. You deserve every harsh word you get, buddy. You're not immune from a collapse, and most of the posts cheering a total failure are from little kids who live with their parents. Get a grip.

You seriously need to stop insulting people and lean to debate intelligently and with respect. You don't win arguments by using cuss words or attacking peoples age, gender, background, or family.

 

[sirachman]

I agree that it is waking up more people and of that, I am happy. However, I still don't agree celebrating honest people being wiped out. I can't celebrate that at all. Beyond that, just imagine what kind of jerks we look like to people who are searching for answers and come over here looking for them. Do you think that would encourage them to give Austrian Economics a look-see? I don't. I think we should employ a little more class.

Being in the stock market involves risk that is assumed upon investment by all those who spend the time to actually research where they are putting their money. If you put money into anything other than a can in the back of your yard in the attempt to make money off of it that is gambling and there is thus always a level of risk. Because of this it is patently false to go around feeling sorry for all the "poor honest people" who lose all of their money. Some lose and some gain that is how the market works, because if it didn't noone would be able to make money off of the stock market because without risk there could be no reward.

 

[Kade]

You seriously need to stop insulting people and lean to debate intelligently and with respect. You don't win arguments by using cuss words or attacking peoples age, gender, background, or family.

You do on these forums. RockandRoll lost pretty soundly in the last flame war, he has learned that we don't admire intelligent thought here, unless you are intelligent and forthright in your ability to insult the person back into their corner of mediocrity.

The only bit of intelligent discourse on these forums happens in my private message box with the people who won't openly admit they support and admire me.

 

[weatherbill]

Well for one, I started working in my career in 1991 and that's when housing started to go thru the roof, as an electrician looking to possibly get into a home, everytime I considered, the price would go up 5 or 10 grand. It became rediculous! SO I was robbed along with others, of our labor thru savings, as also the dollar wasn
t worth what it used to be, since housing went from 85 grand to 110 to 120 and up and up it went, so honest hard working individualslike my self who did everything right and had saved and not gotten into debt, we were punished!

SO NOW IT IS PAY DAY! I don';t like to see economic suffering at all, but the lies and the abuse must stop. Why should the righteous suffer from this??? I still can;t afford a house unless I get in debt to a banker and I labored for over 17 years in this bullshit economy! So, don't go crying to me about economic suffering! I've been thru it and it sucks, but now it's my turn to reap my reward for saving instead of borrowing........ I did my time of suffering economically. Now everyone is crying when the game is turned agaisnt them........well, go cry on someone els'es shoulder you wall st bastards!

 

[ghengis86]

You do on these forums. RockandRoll lost pretty soundly in the last flame war, he has learned that we don't admire intelligent thought here, unless you are intelligent and forthright in your ability to insult the person back into their corner of mediocrity.

The only bit of intelligent discourse on these forums happens in my private message box with the people who won't openly admit they support and admire me.

i admire and support you, kade. am i exempt from sending private messages now?

 

[Kade]

i admire and support you, kade. am i exempt from sending private messages now?

Pm away. I try to respond to everyone! =)

If I don't, it only means that I have taken a few days off or my inbox is full again. (100 message limit is hard on me)