Telecoms in a FreeFall

[banana republican]

Verizon stock is off $.79 as of 11:18 AM Wed 5/17/06

http://money.cnn.com/quote/quote.html?symb=VZ

This is after yesterdays crash of $.36 for a total 2 day loss of 1.15


AT&T is off $.71 change that to $.82 as I write

http://money.cnn.com/quote/quote.html?symb=T

Bell South is off $1.11

http://money.cnn.com/quote/quote.html?symb=BLS

[Tandalayo_Scheisskopf]

1. Fine.

The market has spoken. Isn't that the way it's supposed to work in this Randian Paradise the neocons have constructed?

[Union Thug]

2. Oh yeah? Well be glad you didn't buy Sirius stock two weeks ago..

ask me why.

[hlthe2b]

5. ok, why?

[Union Thug]

9. Free fall...

at least as impressive as the telcos called out here!

[quisp]

3. It sounds like the invisible hand is flipping the bird! n/t

[Warpy]

4. I dumped my dad's telecom stock last month.

Ha. Ha. Ha.

Occasionally blind ignorance results in a minor triumph.

[banana republican]

6. The really bad news is that the whoe market is off

by $164 (Dow Jones Industrial). 3% in two days not good.

[leftofthedial]

7. I hope they all go out of business

they've become predatory scum

their senior executives belong in prison

[Catrina]

8. How ironic. Rightwingers always told me (when defending the attacks

on the Dixie Chicks and others they launched boycotts against, that 'money is speech' and that they weren't being hateful or suppressing anyone's first amendment rights by burning their CDs and smearing them in an effort to ruin their careers and livlihoods! They were just encouraging people to 'talk with their pocketbooks'!

I can't wait to ask some of my friends on the right who say that Americans don't mind being spied on, what this could possibly mean, given their own argument that money is speech? :rofl:

This is the very best way to let these treasonous spies know that we the people will not tolerate the intended destruction of this democracy. Of course they knew that, that's why they tried to keep it secret ~

[onenote]

10. "free fall"? A bit over-the-top don't you think?

Just checked Bell South, which is now down -.63 (or less than 2%) at 12:13 pm. ATT down .46. verizon down .67. Not much of a "free fall" if they are coming back up from their low...

onenote

[heartofthesiskiyou]

11. Going out on a limb here

and I might be wrong, But I believe that Monday, May 15, 2006 will be marked as the beginning of the "Great Depression of 2006" and the second great depression. This has nothing to do with the Telcos per-say. It's about unsustainable deficit spending which brought about the collapse of the dollar on the international currency markets, coupled with the effects of artificially contrived collapse of energy markets with war and other mechanisms.

It may very well be that this is not the exact beginning and the market will temporally rebound, but if so then it will occur in the next few months. It is the classic model of why the government should not be in the business of the management of the economy. The idea of massive tax cuts for the purpose of managing the economy, (alleged stimulus) year after year, is unsound and not sustainable.

I know it flies in the face of popular perception, but I have believed for more then a year that it was not going to be corruption, indictments, the war, or any of the many particulars of maleficence foisted upon the nation but the systematic rape of the economic condition will just nail the neocons to the wall. Suddenly it's going to dawn on the world, these aren't conservatives at all, they are something else. Not even an Allen Greenspan could fix this mess. The famous question he whispered behind closed doors, 'what happens when we go into the next recession'in 85 the last time the neocons tried this so called supply side economics is fully in play. With deficits already at $400 billion before we entered the recession, the government will simply not be in any position bale out the economy or the so called 'pain and suffering' that will occur. The result, DEPRESSION.....