ftse100 showing at -363
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Stocks Tumble at Open, page 4
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reply posted on 6-10-2008 @ 11:02 AM by alphabetaone
reply to post by burdman30ott6
To further this point, the DOW actually closed at 8341 in December 2002.
It's been lower for sure...these just seem more drastic, but if SUSTAINED losses are felt then we'll know the S-really did-HTF ...time's measure rusts as it crawls, and it's the only way to find out.
AB1
To further this point, the DOW actually closed at 8341 in December 2002.
It's been lower for sure...these just seem more drastic, but if SUSTAINED losses are felt then we'll know the S-really did-HTF ...time's measure rusts as it crawls, and it's the only way to find out.
AB1
reply posted on 6-10-2008 @ 11:03 AM by sos37
Originally posted by deeprivergal
The Dow dropped 280 points on opening.
Watching it live, the DOW hit below 10000 for the first time since 1999. They are currently down more than 300 points and trading at around 10003.
Apparently the bailout didn't work. The overseas stocks didn't do well at all last night with the Russian trading halting several times.
money.cnn.com
(visit the link for the full news article)
Hold on there - You're jumping the gun WAYYYY to early by saying it didn't work and blaming the Dow's fall on the bailout. I am/was against the bailout like the next guy, but you can't expect something that big to take effect immediately, especially with the market being as volatile as it is. Read the market dispatches on MSN. The Dow is being brought down by European banks at the moment. And, the bailout that was voted in hasn't taken effect. It takes time for that much money to make it into circulation. I would imagine it will take at least a couple of months to see if the bailout has any effect at all.
reply posted on 6-10-2008 @ 11:04 AM by alphabetaone
reply to post by eradown
With all due respect era, to try and comfort a nation where one man turns apples into affluence, while the other 99 around him drop dead of starvation is not exactly the solace I think most are looking for.
However, that being said, I DO have apples, and anyone interested.....
AB1
With all due respect era, to try and comfort a nation where one man turns apples into affluence, while the other 99 around him drop dead of starvation is not exactly the solace I think most are looking for.
However, that being said, I DO have apples, and anyone interested.....
AB1
reply posted on 6-10-2008 @ 11:04 AM by dariousg
Originally posted by deeprivergal
The Dow dropped 280 points on opening.
Watching it live, the DOW hit below 10000 for the first time since 1999. They are currently down more than 300 points and trading at around 10003.
Apparently the bailout didn't work. The overseas stocks didn't do well at all last night with the Russian trading halting several times.
money.cnn.com
(visit the link for the full news article)
Actually, I believe the market dipped below 10k in 2003 last. However, even though I don't believe the bail out was right or will work, it is still simply too soon to reap any benefits from it.
My views on the bailout are completely different than the economy. I won't go there. This is a sign that things aren't going to get better anytime soon. Will we be forced into cannabalism like Russia during the middle part of last century? I don't believe so. But are we facing harsh, money tight times? Well, the writing has been on the wall for a LONG time. I think it's time to take the people responsible for this to task.
Our government is supposed to be there to represent us. Not to benefit from the bribery of large corporations. Well, it's time to tell them that it is simply NOT acceptable.
However, I fear that many will simply keep living their lives as they have been. Watching TV, say hi and good night to your kids for a total of 30 seconds of interaction a day, kiss your spouse (if you have one) goodnight for the 10 seconds of interaction, then simply sleep some more. I don't say go back to sleep because the bulk of this country IS ALREADY ASLEEP.
Time to wake up and make these people pay dearly for their thievery.
He claimed governments would be able to have relief teams and food to go around. Are people really that stupid?
reply posted on 6-10-2008 @ 11:16 AM by eradown
Originally posted by alphabetaone
reply to post by eradown
With all due respect era, to try and comfort a nation where one man turns apples into affluence, while the other 99 around him drop dead of starvation is not exactly the solace I think most are looking for.
However, that being said, I DO have apples, and anyone interested.....
AB1
I don't think as many people will starve to death as the elites would like. There is a reason why no one was ever told that the old man did not starve to death during the depression ,that the old man regained everything he had lost and then some. The souless things responsible for the latest crash want everyone to give up. This to shall pass.
reply posted on 6-10-2008 @ 11:19 AM by themamayada
Sty: That is an awesome question. Who/what is behind all this? My gut reaction is to blame terrorists, who instead of putting fear into us with
violence, decided to some how mess with the USA economic system (hence the rest of the world's as some "trickle sideways" effect). However, after
looking at my friends and neighbors, who many of them are racked up to the sky with credit card debt, never pay their mortgage on time, 5 TVs, 10 cell
phones, a mansion bigger than a king's, etc... I'm wondering if the "trickle down" effect now has some kind of odd reverse "trickle up"
effect... where the little guy is truly affecting big business.
reply to post by sty
reply to post by sty
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