DISQUS

Nick_the_Dog · 1 year ago

Kind of reminds me of the song from "Annie"....................."Tomorrow, tomorrow, there's always tomorrow. It's only a day away."

samiinh · 1 year ago

More of the Bush legacy of failure and incompetence.

scottinsf · 1 year ago

Even though the economy is fundamentally strong there will still be a day or two that the Dow drops a little.

lucky hussein · 1 year ago

you sound like mccain.. ;)

MaudGonne · 1 year ago

Pritzker had this to say: “Speculation has grown that I am a candidate for Secretary of Commerce. I am not. I think I can best serve our nation in my current capacity: building businesses, creating jobs and working to strengthen our economy.’’
http://blogs.wsj.com/washwire/2008/11/20/pritzk...

What happened to Bloomberg???

HereinDC · 1 year ago

About twice a month I'd either go out to dinner or order-in Chinese.

I haven't done either since September....NOT ONCE!

unrepentant_expat · 1 year ago

GOP recovery plan in action...

http://features.csmonitor.com/backstory/wp-cont...

MaudGonne · 1 year ago

I would not be a bit surprised if the stock market fell another 20% or so from here. But stocks are already on sale – and further markdowns are good news, not bad, for anyone who is not retired or about to be. Since most of us have many years of saving and investing ahead of us, it is in our best interests for the fire sale to last longer and for the discounts to get deeper. As risky assets keep getting cheaper, we get to buy them at prices low enough to take most of the risk out of the equation.

If the history of the financial markets and the psychology of investing have anything to teach us, it is that present emotion and future returns are inversely correlated. Today’s feelings of pain and fear are the building blocks for tomorrow’s wealth. Eras of good feeling are terrible times to buy stocks.
http://blogs.wsj.com/wallet/2008/11/20/can-the-...

unrepentant_expat · 1 year ago

But stocks are already on sale – and further markdowns are good news, not bad, for anyone who is not retired or about to be. Since most of us have many years of saving and investing ahead of us...

Kind of overlooked the 'baby boomers', didn't you. If you try to sweep a demographic like that under the rug, it's going to look like you're hiding a corpse.

lucky hussein · 1 year ago

agree, except most folks don't stash $ on the sidelines, over time, waiting for this possible opportunity. they are already invested. they invest gradually, over time, just they are told to do - which is probably still ok, but you need time on your side now (as you do)

anarchy · 1 year ago

the shrub and the Rethugs OWN this shit.

'nuff said!

HereinDC · 1 year ago

keep repeating it.
The GOP owns this.

boloboffin · 1 year ago

Well, I guess the market didn't like the idea of jeopardizing fuel-efficient cars for short-term benefits.

managizzle · 1 year ago

Wow. I thought 8,000 was going to be the bottom.

munjoyfan · 1 year ago

This is the same pattern, day after day. WHEN is someone going to blow the whistle on what the hedge funds and institutional investors are doing to the market? This should not be allowed. All these senators and congressmen and executive employees are on government pensions--they are nowhere near as vulnerable as the rest of us.

coolcatdaddy · 1 year ago

I'm ready to lobby Congress to suspend 401K rules so I can withdraw my pension and hide it under a mattress where it will be safe....

Older_Wiser · 1 year ago

I think that was one of Obama's proposals during his campaign, for people in crisis. No penalties (although it wasn't clear that it wouldn't be taxed).

lucky hussein · 1 year ago

coming soon to a market near you: p-p-panic!
'black friday' part 2, stay tuned. maybe.

michaelt · 1 year ago

ya ever go to the carnival? get on that one ride that pins you to wall, spins you around and around and the bottom drops out. no?

well you have now.

unrepentant_expat · 1 year ago

http://www.rideaccidents.com/

coolcatdaddy · 1 year ago

An op-ed in today's Wall Street Journal says all this economic mess is happening because we're not religious enough and say "Merry Christmas!" to each other at the mall.

I kid you not.

http://online.wsj.com/article/SB122714101083742...

It's no wonder the country's going down the tubes...

Older_Wiser · 1 year ago

Mall? What's that? [snark]

Soundboy_jeff_meanie · 1 year ago

I believe its a term used for people like Bonnie (of Bonny & Clyde)...

no, wait a minute... that's moll.... okay, ya got me.

Webster · 1 year ago

And to think that he gets paid for writing that drivel!

Gorgonzola · 1 year ago

Its Americas misfortune that at a time when we desparately need a calming, reassuring voice in the White House, we have this useless idiot who must be hiding in a closet sucking his thumb.

Soundboy_jeff_meanie · 1 year ago

nah... he's busy preparing the pop-up books for his library.

... that, and finding all the Heritage University people he put in place Federal jobs so Obama can't fire them.

Gorgonzola · 1 year ago

Of course Bush is a useless, spineless piece of crap, but isn't there anyone in the administration to tell him its time to step up to the plate and do his job.

Soundboy_jeff_meanie · 1 year ago

they've all got golden parachutes and pardons in their pockets... screw everyone else.

you really think after eight years of running the country into the ground, someone will actually try to stop the destruction?

Older_Wiser · 1 year ago

Fannie Mae & Freddie Mac suspending all occupied foreclosures until the end of December.

But other than giving some people a roof over their heads a little longer, what does it matter, it's just putting off the inevitable.

The media is trying to prepare people, though. Along with "how to be frugal" shows in the morning, NPR today had people calling in and telling how they remembered the Great Depression this afternoon.

P. S. Was finally able to fill the tank in my Saturn for $20 today. : ) Well, it FELT like a bargain...

HereinDC · 1 year ago

Chevy Chase Bank here in DC Metro...never forecloses on homes in December.
That's been their policy for many many years.

Gorgonzola · 1 year ago

You don't have to be Lord Keynes to know that if a government embarks on an aggressive program to redistribute wealth from the middle class up to the American aristocracy you effectively strangle the economy. But we do have that partial birth abortion deal to comfort us while we starve.

lucky hussein · 1 year ago

money markets are tightening up again, and now the treasury in considering bailing out a money market fund. hmmm...
http://money.cnn.com/2008/11/20/news/economy/tr...

samiinh · 1 year ago

With the amount of debt the US and its citizens are carrying, this may never get any better. Our days of empire are over.

scooter in brooklyn · 1 year ago

to quote the ever eloquent Atrios: "Wheeeee!"

jimfromthefoothills · 1 year ago

Can't get worse... right?

samiinh · 1 year ago

It is going to get much worse. It may never be what it was.

MaudGonne · 1 year ago

Shocked, shocked.... or were they reducing the number of missionaries??

Thursday, November 20, 2008; 2:34 PM

The CIA repeatedly misled Congress and the Justice Department in their investigations of the 2001 shoot-down of a Peruvian plane carrying U.S. missionaries, according to findings of an internal CIA probe released today by congressional officials. The agency's inspector general concluded that CIA officers in Peru consistently ignored rules of engagement in connection with the downing of at least 10 aircraft suspected of carrying narcotics over the South American country. Yet, CIA managers covered up the problems and knowingly gave false accounts to government officials investigating whether agency employees committed crimes.
http://www.washingtonpost.com/wp-dyn/content/ar...

Nick · 1 year ago

Just a couple of months ago Ali Velshi said the bottom was 8000. Another wanna be economist.

Chris From Maine · 1 year ago

Bush economics in full force. Steal trillions with the help of Congress, bankrupt nation, take money and run.

King Henry Paulson committed the greatest armed robbery in history, and no one has realized it yet.

houstonray · 1 year ago

I've just totally given up looking at any of my investments. I'll just have to hope that someday it will come back....then I can sell 'em all and keep it in my mattress.

VolintheVille · 1 year ago

The economy is fundamentally strong
or
Mission Accomplished

Robert · 1 year ago

The charts of recent activity look like a river starting over a waterfall. Wouldn't be surprised to see the Dow go through 6000, at least by a little before the decline is over. But it won't happen all at once. There will be enough times the bleaters on CNBC will claim it's time to buy. A number of stocks that are cheap today will see half their current price before it's all over. If you're a young long-term investor investor and can live with your stocks at half what you paid for them, then why not now. However, dollar cost averaging would allow you to accumulate over time at various prices. The volatility index shot up to 80 again today, when it gets very high, it often preceeds a big, albeit temporary, turnaround.

scottinsf · 1 year ago

Uh oh. Citigroup is in trouble now. Is looking for somebody else to swallow them up.

green_libertarian · 1 year ago

They'll be LUCKY is 5000 is the bottom of the market.

Mike_G · 1 year ago

One man's theory: A nation whose people can't say "Merry Christmas" is a nation capable of ruining its own economy.


I must confess, I destroyed the stock market by greeting my co-workers with the phrase Happy Holidays last year.
I'd stay and repent, but my unit just got called up for the War on Christmas. "Reindeers lead the way! Hoo-ah!"