Stocks Stomped in Financial Freefall , page 3
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ATS Members have flagged this thread 17 times


reply posted on 9-10-2008 @ 03:02 PM by grimreaper797
reply to post by burdman30ott6


These losses were inevitable. How big they would be without a bailout package, I would bet MUCH higher. The lack of confidence would be MUCH higher without any government bailout. That is certain.


reply posted on 9-10-2008 @ 03:09 PM by grimreaper797
reply to post by The Axeman


Again, you can't possibly know that as it hasn't even taken effect yet. This fall was happening one way or another. Given the situation, this market is set to go down to 7500 is my bet.

Once it goes down another 1000 points, I think it will start to balance itself out. Hopefully by that time, Paulson will get his ass mobilized. The sooner they get to work, the better.

With no bailout plan, there would be no reason to believe that the credit market would unfreeze at all.


reply posted on 9-10-2008 @ 03:11 PM by lynn112
reply to post by The Axeman


Thanks for the laugh there. Sums it all up pretty well IMO.

This is a huge mess made even worse by adding debt onto an already strained working class citizen. We can't take anymore, yet we are expected to pay for the screw-ups of these corp. jerks.


reply posted on 9-10-2008 @ 03:12 PM by The Axeman
reply to post by Maxmars



The Securities and Exchange Commission took the very drastic step of outlawing the essential financial practice of short selling in an attempt to galvanize financial markets. (The SEC recently extended at least some portions of its initial ban through October 17.) But short selling provides essential information to market participants and helps us update our expectations accordingly. By outlawing short selling, the SEC has eliminated a crucial element of what makes markets work.


Source

Could be. It certainly doesn't seem to have helped (the right people, that is).


reply posted on 9-10-2008 @ 03:13 PM by Truther
reply to post by anotherdad


If the dow was to lose 500 points everyday for the next 8 days what happends when it gets to zero?
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