Dow Drops $27 in Five Days

http://Array Bat One

Its interesting that there is not one single leftist comment on this thread. Almost as if they haven’t a clue what this market stuff is all about!

http://www.valleydeals.com/cgi-bin/board2/YaBB.pl Kevin

Panic can be profitable!

http://SayAnythingBlog.com The_Whistler_ofnd

Nice try Mike, you’re Canadian. You don’t know anything but the price of beer.

docdave

Well spart, yesterday you could have gained by putting more into your fund.

Real investors love the downturns because they result in oppotunities only present when there is panic selling.

Not sure that I would put myself in the ‘real’ investor category but today I purchase some high-yield bonds that were not available a few weeks ago.

http://SayAnythingBlog.com The_Whistler_ofnd

Certainly not intended as a slam.

Probably more whimsy than a compliment.

I just put a largish bit of money in the 529. I’m quite nervous about things.

http://claude.betancourt.us/blog/ Claude

By the way, the Dow Jones Industrial Average value is not a dollar amount. From the Dow Jones web site:

The numbers themselves don’t mean anything, except as they relate to what has gone before. If the industrial average is at 9000 and you know that a month before it was at 8700, then you know the market’s basic trend is upward. If you look into your crystal ball and see the industrial average at 10000, it may look like good news from here and now, but may actually be bad news if the preceding milestone was 11000. In short, the purpose and value of the industrial average is to indicate the market’s general trend; the numbers are just marks on the measuring stick.

http://insanereindeer.blogspot.com/ Kenny

Well yesterday was a panic attack.

Or it was people thinking that their stocks were going to go down so they wanted to transfer their money elsewhere. Still the natural flow of the market. Nothing wrong with that. Even if it was a panic, that drives down the price of stocks, and people who couldn’t previously afford them now buy while they can and it goes back up.

Either way, no big deal.

Palinisabimbo

Bat1:

Its interesting that there is not one single leftist comment on this thread. Almost as if they haven’t a clue what this market stuff is all about!

How about now, bat? Is there a leftist comment now?
Gawd, you people are so gosh darn clueless. Market fluctuations. The basics of our economy are strong. Thousand points of light. Sarah Palin still gaining acceptance.

http://www.lawyers-that-win.com/ San Antonio Attorney

Enjoyed reading your comments. Learned a lot

http://SayAnythingBlog.com The_Whistler_ofnd

Slumlord!

MikeAdamson

I think it’s a bipartisan boondoggle.

pparets

Whistler: I rent rooms cheap.

http://www.valleydeals.com/cgi-bin/board2/YaBB.pl Kevin

I made 5.6% or 2066% on an annualized basis today!

robert108

I think they’re trying real hard to come up with a way to link it to Sarah, in a negative way.

Bat One

P,

There is no indication in your “comment” on this thread, or on any other, the you have a clue what all this market/economics stuff is all about.

Mike,

My apologies. I ought to have made my observation more specific to the “progressives” of the species. You and I may often disagree, but I don’t believe I have ever disparaged your knowledge or doubted the sincerity of your views.

Incidentally, I bought gas this weekend for $2.99 per gallon. It was regular, not premium, but even still…

Bat One

R108,

McCain’s chief problem has always been that he is simply to inclined to compromise. In essence he is a Republican of the Bob Michel mold, and not a true conservative.

While we’re on the subject of the bailout, let me suggest that it is clearly now a Democrat boondoggle and not the creation of conservatives at all.

As for the market, while I’m of the opinion that we’ve probably reached the bottom, or vary soon will have done so, I also think its safe to say that much of the market’s latest fall has been due to the prospect of a Democrat victory in next month’s elections and at least 4 years of unbridled socialist policies in Washington.

robert108

Bat: It should be obvious to any intelligent observer that the bailout boondoggle has completely overwhelmed the normal cycle of the market. Had this problem really been caused by “greedy bankers”(or whatever antibusiness mantra the lefties are presently mouthing), the bailout boondoggle would have caused the market to perk up, but the opposite is true, in spades. Therefore, the real cause has yet to be addressed. When it is, the markets will recover.
Of course, since both candidates supported the bailout boondoggle, investors in general aren’t too optimistic about the next administration.
As I said before, if McCain had used the last debate as a platform from which to end his support for the bailout, and for promising he would immediately work to end the social engineering home loan mandates, as well as cutting off Fannie and Freddie from further govt connection, the market would be in recovery by now, and McCain would be rising in the polls, on the way to a big victory in the election.
Unfortunately, he wasn’t smart enough to do that.

robert108

Almost as if they haven’t a clue what this market stuff is all about!

They still don’t, apparently, even when they do comment.

robert108

The strength of the market allows it to rebound from the many blows struck by the Dem/MSM cabal which is determined to destroy our economy for partisan political purposes.

http://SayAnythingBlog.com The_Whistler_ofnd

Eventually it gets to a high level and people sell their stocks so they can (drumroll) make money.

Well yesterday was a panic attack.

It seems that the fundamentals of the economy are doing ok. Where the problem lies is where big time financial institutions dabble with derivatives and that.

On the other hand how much of their problem will become our (my) problem unless we bail them out is something I don’t understand.

I would say that the government might want to step up to provide commercial banks with enough funding if they lose their Wall Street funding.

robert108

Another ignorant and inaccurate generalization from you, Sparkie. Here’s the truth, to refute your stupid lie:

BTW, the bipartisan nature of this boondoggle is one of the reasons for the big drop in the market, IMO. Neither candidate will be good for business, since they both supported it.

You seem to be losing brain cells at an alarming rate. Back away from the pipe.

robert108

I think that’s about 30 per cent of it, but the market dropped precipitously within a few minutes of the announcement of the passage of the bailout boondoggle by the House. I don’t think that was a coincidence.
Since both candidates supported the bailout boondoggle, and since both candidates wrongly blamed “Wall Street” for the financial mess, investors probably aren’t very optimistic about the upcoming administration, no matter who is in charge.
Since Obama will never even lie about supporting our present economic system, the opportunity is there for McCain, if only he’s smart enough to take it.

MikeAdamson

Its interesting that there is not one single leftist comment on this thread. Almost as if they haven’t a clue what this market stuff is all about!

I bought eggs and a loaf of bread at the market…the price of bread has dropped 25% over the last couple of weeks at my market which is fine by me.

robert108

The root of the problem is not bipartisan, but you certainly may choose to focus on what agrees with your position, Mike.

BTW, the bipartisan nature of this boondoggle is one of the reasons for the big drop in the market, IMO. Neither candidate will be good for business, since they both supported it.

http://SayAnythingBlog.com The_Whistler_ofnd

today I purchase some high-yield bonds

Mr. Wall Street.

MikeAdamson

The market seems to love the bailout this morning…perhaps it appreciates the Treasury’s intention to invest directly in the banks rather than simply buying junky assets from them.

But then the market moves for a variety of reasons.

docdave

Mr. Wall Street.

Is that a slam or a complement? Oh, never mind.

http://www.valleydeals.com/cgi-bin/board2/YaBB.pl Kevin

Markets tend to fluctuate; go figure.

MikeAdamson

Sort of like the punt returner who runs back and forth, one sideline to the other and ends up with a 3 yard return.

Spartacus

Incidentally, I just checked how my stocks and mutual funds did they did today. Compared to last Friday, at yesterdays close I was down a little over 4 grand, today compared to last Friday I’m only down a few hundred. I’ve still got half a working life to go until I retire, so I blow snot on the current situation, however I can see why anyone with less than a 5 years until retirement would be worried, although they should have trimmed back on the risk prone investments in exchange for securities backed up by the treasury years ago.

http://insanereindeer.blogspot.com/ Kenny

With today’s $485 increase the Dow closed at $10,850. On September 24, just five days ago, it was $10,877.
Certainly the events of the week are concerning, but let’s not get overwrought.

The market cannot go up forever. Eventually it gets to a high level and people sell their stocks so they can (drumroll) make money.

Hardly a crisis.

robert108

The truth is the truth, Sparkie; Mike claimed that the bailout boondoggle was a bipartisan thing, and I agreed, thus giving the lie to your ignorant generalization.

I notice you failed to make either a factual or logical argument for your position, as usual.

Spartacus

Actually DocDave, today your smart money would have been on…drumroll…Wachovia! Had you bought at the near the end of trading yesterday you could have sold today for nearly 50% profit.

I’m young enough that when it comes to my 401k I still “drive 80 in 55′s” but even I’m not that crazy.

robert108

Way to spin the good news, Mike! I congratulate you.
It’s probably that the investors have figured out a way around this big, stinky turkey of a bailout boondoggle.
We’ll see.

docdave

One more example of free market correction even correcting the idiocies of our government.

WE DON’T NEED NO STINKING BAILOUT!!!!!

Government should remove whatever artificial business restrictions it has imposed and then adjorn for 6 months or more letting the market resolve what it deems to be important issues.

Spartacus

NRO interviewed John Shadegg regarding the bail out. Interesting read, especially his response to the second question, in particular the last 2 paragraphs of his response.

http://sayanythingblog.com/readers/author/sparkiearbuckle sayanything-81

r108
problems are never bipartisan for you. its always the left. no one listens anymore. you don’t, why should we?

http://sayanythingblog.com/readers/author/sparkiearbuckle sayanything-81

im sorry, who wrote this

the root of the problem is not bipartisan

?

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Dow Drops $27 in Five Days

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