with republican fiscal policy, the basement is the limit
KerrynowCampau
· 1 year ago
I'm no financial expert but I think it will get a lot worse before it gets better. I wouldn't be surprised if it got as low as 7000.
Cpeterka
· 1 year ago
Watch it start to go back up, as the Treasury pumps lots of PAPER Money into firms to buy it back up. yea, let's devalue the dollar to save Wall Street. What a failure Georgie is.
hardeknox
· 1 year ago
When the market went to 14k, I bailed out on almost everything, and took out a bunch of 5+% CD's. Now, I'm trying find the bottom to buy back in. I only hope the maturity dates and the market lows coincide. Please remember that there are Bulls and there are Bears, but Hogs get slaughtered.
ron071
· 1 year ago
hardeknox needs to find a bottom in the value of the US Dollar before he can make any intelligent investment decision. His CD,s are wotrth a lot less than when he invested in them. He did not " bail out" because the dollar has continued to go down. Does he understand how much the lower dollar impacts him? For his sake I hope so.
hardeknox
· 1 year ago
Oh baby, do I know how much the buck has shrunk. It was nice to get a profit and a return while others have losses, with as low risk as possible.
vwcat
· 1 year ago
Chris, quit hyping this. It's only a dream and you are just whining. hahahaha. I wonder how Gramm feels today with the dow plunging.
rja4429
· 1 year ago
What difference does it make how Gramm "feels today"? He's a rich, powerful, filthy lying poltician -- he doesn't have to "feel." Hell, he doesn't even have to "whine."
By the time this blood bath is over, the DOW wil be sitting around 7,500 or lower and the S&P will be in the 750 range. No doubt about it. The closer we get to the fall season, the closer we get to depression territory.
Dave of the Jungle
· 1 year ago
Clearly, we need a Whine Index in this country.
jeffg166
· 1 year ago
Dubya is the 21st century Hoover. Heck of a job Dubya.
Sage24
· 1 year ago
Did you see Bush blaming the Dems for the energy crisis? He said they were responsible and answerable to the American people if they did not pass a resolution allowing drilling off shore etc. What a master plan the two oil barons in the WH are trying desperately to get this passed before they leave the WH. This must be the Master Plan. Oil prices rise, and the people will change their minds about off shore drilling. They have been successful in changing the minds of the American people when it came to attacking Iraq for instance, they lied and exaggerated, so I will not be surprise if they dupe the American people again. I hope that our two wimpy Democratic leaders in Congress will NOT cave in to these criminals. I also hope that Obama will not cave in again, and give that SOB Bush what he wants. I am sick of these politicians. Bush and Cheney's last few months are disastrous. They want to decimate this country, and give their equally ruthless buddies, the energy companies, all our resources. I wonder how much richer these two parasites are today, than when they first took over to ruin this country.
ron071
· 1 year ago
Words cannot adequately describe the disasters visited upon this country by the Bush/Cheney/Republican cabal. History will be a very strong condemnation of this crowd who got into office practicing the corruption they continued for 2x4=8years of disaster. Remember the Florida Supremes in 2000 and the Ohio Republican Secretary of State in 2004. We need a theft-proof LANDSLIDE in 2008 to restore democracy to the U.S.
ron071
· 1 year ago
Bush blaming the Democrats for the oil " crisis " he created with the secret Cheney energy task force 7 years ago is beyond laughter. How does this man look in the mirror?
ron071
· 1 year ago
It has become rather easy to understand what is happening and why. Just take any Bush/McSame comment and know that the direct opposite is the correct path to take. The remainder of the Bush term is becoming painful and it can't end too soon for the survival of the U.S.
Bostonian_Queer_in_Dallas
· 1 year ago
Mmmm how about this scenario...
gasoline = $12 per gallon DOW = 3,500 points Loaf of Bread = $34.95 Your salary = what it is now.
Can you spell American Wake up call?
Maybe then Idiot America will stop watching "Prancing with the Stars" and start paying attention to what is going on their capitol. Maybe then they will vote based on sound domestic and foreign policy and not who is sticking his dick in me at night. Maybe then they will stop worrying about what Laura Bush is wearing to her tacky WH event. Maybe then an uprising so horrid will wake up everyone to rebuilding what our Founding Fathers laid out for us 200 years ago.
Bubbles
· 1 year ago
How low has it gone?
Considering that the Dow is denominated in dollars, and the dollar has lost between 40 and 50% of its value in 8 years.
The real value of the dow, and stocks in general, for shareholders, has plumetted.
lucky hussein
· 1 year ago
imo, s+p and dow will test 03 and 99 lows at least (7K dow), and lower - that's where it belongs. People should be earning money mostly from dividends in a sustainable economy, not share price 'casinos'.
Indigo
· 1 year ago
There's another 500 points of sag to experience and there's even a possiblity of a 9,500 bottom. Go figure. I blame George W. Bush and all who voted for him.
jimfromthefoothills
· 1 year ago
Chris, you are too smart to be a chartist. The real bottom of the market could be in the 3-4,000 range. We will find this if people figure out that our stock market is at least in part, a ponzi scheme.
ron071
· 1 year ago
Today's repeated reversals from the 11,000 DOW was only the latest proof of government/Wall St. manipulation by the PPT and its ilk. What magic hand intervened each time the DOW went far below the psychologically magic 11,000 number? Check out the Plunge Protection Team and other Republican/Wall St./ Banking creations which have created the real manipulation while these creatures rail at the " speculators ".
cosanostradamus
· 1 year ago
. PHONY WAR WITH IRAN JUST TO FURTHER A BULL (SH*T) MARKET FOR OIL?
Does this make sense to you: Iran is years away from having nukes. They had to Photoshop "evidence" of their failed missile test yesterday. Today, the U.S. allowed Israeli warplanes to be staged on U.S. air bases in Iraq, five minutes from Iran. This has caused a rally in the price of oil, which had been going down. U.S. consumers will be hurt at the pump and at the grocery store. U.S. businesses will be further damaged, and more layoffs are inevitable. The economy may collapse if oil supplies are actually cut. Even the threat is hurting, big time, in case you wanted to know why prices are so high when demand is down and supply is up. Yet, it's a tough election year for the Repukelickin's, and all this is coming directly from the White House. So, nu?
Fox is playing the "economy's great because some people are buying an iphone" card while the Nasdaq is 2800 points lower than when Clinton was prez
OlderAndWiser
· 1 year ago
Reuters reported that Bernanke told the Freddie Mac CEO that Freddie/Fannie would be able to get money at the Fed discount window. Of course, Bernanke later denied it. But does anyone know what that would mean? More money printed, further devaluing the dollar...more inflation.
Then, Freddie/Fannie was said to have excellent capitalization. If true, why has Freddie lost 70% of its value, and Fannie over 40% since last fall? Even though both supposedly contain "mostly" 30 yr fixed mortgages, how much did they participate in the subprime scheme, buying up securitized mortgages in the last few years? Has anyone really looked at their books?
Our economic conditions are just one of the many disasters wrought by 8 years of Bush/Cheney/Republican control. Given these disasters , and the McSame disaster of his candidacy, how can any voter seriously consider more off the same? Surely, the Democrats will win in November, but it ought to be a landslide or something hidden is working behind he scenes. Just give this some thought.
All Comments
---
How high can gas rise?
yea, let's devalue the dollar to save Wall Street.
What a failure Georgie is.
I wonder how Gramm feels today with the dow plunging.
This must be the Master Plan. Oil prices rise, and the people will change their minds about off shore drilling. They have been successful in changing the minds of the American people when it came to attacking Iraq for instance, they lied and exaggerated, so I will not be surprise if they dupe the American people again. I hope that our two wimpy Democratic leaders in Congress will NOT cave in to these criminals. I also hope that Obama will not cave in again, and give that SOB Bush what he wants. I am sick of these politicians.
Bush and Cheney's last few months are disastrous. They want to decimate this country, and give their equally ruthless buddies, the energy companies, all our resources. I wonder how much richer these two parasites are today, than when they first took over to ruin this country.
gasoline = $12 per gallon
DOW = 3,500 points
Loaf of Bread = $34.95
Your salary = what it is now.
Can you spell American Wake up call?
Maybe then Idiot America will stop watching "Prancing with the Stars" and start paying attention to what is going on their capitol. Maybe then they will vote based on sound domestic and foreign policy and not who is sticking his dick in me at night. Maybe then they will stop worrying about what Laura Bush is wearing to her tacky WH event. Maybe then an uprising so horrid will wake up everyone to rebuilding what our Founding Fathers laid out for us 200 years ago.
Considering that the Dow is denominated in dollars, and the dollar has lost between 40 and 50% of its value in 8 years.
The real value of the dow, and stocks in general, for shareholders, has plumetted.
PHONY WAR WITH IRAN JUST TO FURTHER A BULL (SH*T) MARKET FOR OIL?
Does this make sense to you: Iran is years away from having nukes. They had to Photoshop "evidence" of their failed missile test yesterday. Today, the U.S. allowed Israeli warplanes to be staged on U.S. air bases in Iraq, five minutes from Iran. This has caused a rally in the price of oil, which had been going down. U.S. consumers will be hurt at the pump and at the grocery store. U.S. businesses will be further damaged, and more layoffs are inevitable. The economy may collapse if oil supplies are actually cut. Even the threat is hurting, big time, in case you wanted to know why prices are so high when demand is down and supply is up. Yet, it's a tough election year for the Repukelickin's, and all this is coming directly from the White House. So, nu?
"THE PRICE OF TEA IN CHINA, THE PRICE OF GAS IN IOWA"
.
Then, Freddie/Fannie was said to have excellent capitalization. If true, why has Freddie lost 70% of its value, and Fannie over 40% since last fall? Even though both supposedly contain "mostly" 30 yr fixed mortgages, how much did they participate in the subprime scheme, buying up securitized mortgages in the last few years? Has anyone really looked at their books?
Pick and choose who to believe...
http://www.bloomberg.com/apps/news?pid=20601087...
The whole thing scares the hell out of me.