Dow started out up like 160. Now down by about 10.

[WeDidIt]

Bummer.

[spanone]

1. tricks will not save this katrina economy....they've been lying about it for 8 years

[TheWatcher]

27. Delete.

Dupe

[TheWatcher]

28. Looks like 180 Billion doesn't go as far as it used to.

They are NOT going to be able to Print their way out of this or Paper over this.

It looks like "The Power Of Bullshit" is finally losing it's steam.

[Virginia Dare]

32. That's what I'm afraid of, is that they will go too far in trying to save..

the market, and in the end make the currency value worthless.

[HereSince1628]

2. Flopping around like a fish on the deck...the sign to be a market scavenger

is when the blood in the scuppers starts to congeal.

That may be after the White Sales winter.

[zeemike]

3. That is because they are taking the sucker money.

you know the ones that think they see a bargain and rush in to buy.

[high density]

4. So you're assuming the market will never recover?

I guess that's a possibility (see Japan) but for the sake of this country I hope not.

[WeDidIt]

6. Well, not any time real soon

Not within the next couple fo weeks at the least.

Possibly not even in the next six months.

It will recover, but it's nowhere near the bottom yet. I predict 7500 will be the bottom. I may be estimating high, though.

[high density]

10. If you have money in the stock market, the time horizon for withdrawal should be years or decades

[WeDidIt]

14. Yeah, but if the market is going to drop any more (and it will)

you can wait to buy and still keep it in for years or decades. Your profit will be higher if you do. Now is not the time to buy. Wait a few weeks.

[high density]

18. You can try your predictions and attempts to time the market

It's usually a losing proposition since it's impossible to know where the bottom or high is until after the fact.

[WeDidIt]

37. The only thing I am 100% certain of

is that we haven't hit the bottom yet.

[zeemike]

22. No I expect the ponzi scheme to be revived

Until the players who start it capture as much wealth as they can.
All of this market value is based on the assumption that you as a buyer will be able to sell it to someone else at a higher price and put that money in your pocket. But someone always must be left holding the bag oe there is no profit.
The stock market is no longer a method of collecting dividends from a successful company but a pyramid scheme.

[Bonhomme Richard]

5. It's going down now. n/t

[Marrah_G]

7. -40 and falling

[Marrah_G]

8. -51

[Fluffdaddy]

9. Lets stop being happy when the Dow goes down.

It makes us look like a bunch of jerks

[rucky]

11. I don't think anyone's happy about this.

But I'll admit to some relief that there appears to be some finality to this disasterous path we've been on for years. It's like the alcoholic that has to hit bottom before agreeing to go to rehab - it's a relief to the family when it happens. Fair enough?

[Fluffdaddy]

12. Fair enough

[leftynyc]

19. I don't see anyone cheering

Do you have a link for that?

[TahitiNut]

34. I just love seeing DUers take a shit on the ground, climb on top of it, ...

... and then speak down to others like they're delivering the Sermon From The Mount.

:rofl: :rofl:

[Virginia Dare]

36. I did notice a disconnect there..

the OP says bummer and the reply is let's stop being happy?...:wtf:

[TheWatcher]

39. Typical DLC Bullshit.

DO you guys ever get any new material, or are you just hoping that the current tired memes will continue to resonate with the lambs in the meadow?

No one is HAPPY about the Market going down, and every time someone expresses legitimate observation about the seismic events happening in our economy, or attempting to look beyond the constant stream of BULLSHIT we are being fed by Mainstream And Financial Media about the true state of things, as sure as the sun rises, we see one of these cautionary "concern" posts.

I'm sure after the Orgy that happened in the final hour today, you will be one of the many memebrs of the "Rose-Colored Brigade" that will be marching full force through the streets of the forum, cajoling everyone that everything is fine once again, "look they fixed it with that scheme they came up with in 1980 the last time they needed to save themselves."

Please, just give it a rest, and stop it with the bullshit generalizations masked as "concern."

"It makes us look like a bunch of jerks."

No sweetie, it just makes people like you look more OBVIOUS.

:eyes:

[Marrah_G]

13. -117.

[MadHound]

15. Down 60 plus now, looks like it's going into its daily death spiral

I think that the bargain hunters were out this morning, but the ones who are looking for a safe haven and bailing out of the market have completely swamped the bargain hunters. Once the price went up a bit, a lot of people did a cut and run for safer places like gold, t bills, etc.

Now down 100 plus as a wrote this. Going to be another long day.

[TahitiNut]

16. Like a platform diver, it goes up, twists, and then plunges.

It's NOT going to find a "bottom" for quite a while. This is why the "Greater Fool" predators keep trying to edict/legislate mindless cash infusions to feed the beast.

Even a vampire eventually drains the victims dry.

[WeDidIt]

17. Now lower than when Dubya took office

Damn.

Just damn.

Dubya is responsible for negative growth during his presidency.

[Marrah_G]

20. -124

Ugh- Not a great day!

[zeemike]

23. Not for the buyers it is not

But the sellers are up 124

[onenote]

25. up 144 as of 1:40 pm

Its going to be a roller coaster for a while.

[Marrah_G]

26. Yup- big infusion of cash.

You are SO right about the roller coaster. I'll be curious to see what it's at when the bell rings tomorrow afternoon.

[alfredo]

21. I wonder when the Dow will sink below 10,000? It seems that the

S&P 500 would be a better indicator.

[paparush]

24. Kraft! Kraft will save us! Mac and Cheese rather than Freddie Mac.

[alfredo]

38. Mac and Cheese? It's been decades since I've had that.

[paparush]

40. Kraft Foods was added as a DOW listing -

4:02pm 09/18/2008

KFT 33.74, +1.09, +3.3%) on Sept. 22 will be added to the Dow Jones Industrial Average, replacing troubled insurance giant American International Group (AIG:American International Group, Inc AIG 2.69, +0.64, +31.2%) , Dow Jones & Co. said Thursday.

http://www.marketwatch.com/news/story/financials-crater-kraft-foods-becomes/story.aspx?guid={65823FCD-3B11-4F7F-AFCD-37D6536D0F9B}&dist=msr_2

[alfredo]

41. I'd rather see russet potatoes on the list than a company that makes

faux food.

[Liberal_in_LA]

29. 'they' dumped a whole bunch of money on the market today to shore up the economy

[Virginia Dare]

30. I wonder where this phantom money keeps coming from..

when the cash finally dries up, that's when the trouble really starts.

[nadinbrzezinski]

31. printing press, yes I am that cynical

Hyperinflation comes to mind

[Virginia Dare]

35. GODS I hope not...

but in the end they'll throw us all under the bus to save their own asses, of that I have no doubt.

[Supersedeas]

33. Bush and all his window dressing