posted on Oct, 10 2008 @ 01:05 AM
To LowLevelMason: What mainstream media are you watching? The MSM is trying to cause a panic over this? I call shenanigans on you. Every single
damned time I've turned on any cable news channel outside of the financial channels, all they've been blabbering on about is McCain/Obama,
Obama/McCain, is he allied with terrorists? Is he too old to lead? Has he waited to long to make a move? Has he satisfactorially answered questions
about his devotion to this country, etc, etc, etc. If anything the MSM is totally trying to divert people's attention away from the fact that the
rug is being yanked right out from under the world by distracting them with the shiny trinkets and bilabial fricative farting sounds of two
pointlessly identical candidates in a meaningless campaign when compared to the real crisis going on right now.
Also, your talk about Japan shedding 80% of their market value since 1989 and comparing that to the US is complete crap. First of all, we haven't
dropped 39% since 2003, we've dropped 40% in exactly ONE YEAR! At our current rate, it isn't a stretch to say that we could see an 80%
attrition of value before this is finally said and done. Do you realize that we've shedded 23% of our market's value since last Monday alone?
Allow me to assist you on the math for a moment... at the current rate of losses, we'll leave the Nikkei's percentage losses over the past 19 years
in our dust before Halloween. (Let us all hope and pray that we do not see the current rate of losses continue because I almost promise you if we see
the market in the 3,000s anytime soon it will mean that almost all of us have lost our jobs, have no access to any form of credit, and probably have
urban warfare being waged around us.)
Anyone else who knows: Is the fact that the dollar is losing to the yen right now possibly a good sign? I'm not very learned in currency markets,
but I noticed that when our market first started this huge slide last week the dollar immediately began an upward march in value. If that march is
now over, could that indicate a possible ebb in this massive sell off or am I grasping for straws of light here?