Stocks Stomped in Financial Freefall , page 2

reply to post by grimreaper797

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3 pm news conference yesterday by either Bernacke or Paulson, I can't remember which. They laid out the timeline for the bailout.

[edit on 9-10-2008 by JaxonRoberts]

reply to post by grimreaper797

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Uh, if you want to make that batter at the plate comparison, let's be realistic. The bailout isn't Inchiro or Chipper Jones... it's more like Bob Uecker. If Wall Street anticipated the bailout to be effective, we wouldn't be seeing these daily mass losses, man. The fact is, perceptions are often more important than realities and frequently, perceptions change realities. Whether the bailout will or will not make a positive change in this magical future point when it actually gets under way (which is comical since we were told it was so imperitive it had to be ultra fast tracked through Congress... but now apparently we can afford to take our time actually implementing it? To steal an old Sci-Fi line: "DOES NOT COMPUTE! ERROR! ERROR!") is all meaningless because the fact is, right now, today, the bailout hasn't done jack squat except make Americans more paniced as we now know we're on the hook for trillions of dollars while Wall Street shows absolutely zero confidence or indication of positive effects in the plan.

reply to post by infinite

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1987 is the year my husband lost everything. He's wised up a lot from that experience & manages his investing much differently now. He's more conservative with what every dollar is used for & I think it's a lesson other people will be learning the hard way as well.


BTW- it's under 8,800 now...

reply to post by 38181

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That's actually an excellent analogy!

As the Black Knight stands there minus his arms: "It's just a flesh wound!"
Arthur chops off one leg, then the last leg, leaving the Black Knight's torso resting upright on the ground. Arthur leaves, as the Black Knight shouts after him:
"Running away, eh? You yellow (snip)! Come back here and take what's coming to you. I'll bite your legs off!

It's a lot like what's going on with the Dow this last month.

Twenty minutes to the bell close and we're down over 500 points. 8698.

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