DOW down 150 - the market has spoken - thanks for the rip-off!

[grahamhgreen]

[Kurt_and_Hunter]

1. Why post on topics you know nothing about?

The market is down because we are in a serious recession and just got an apalling jobs report.

Duh.

Nobody ever suggested otherwise.

The point is that stocks are not down 2000.

[lib2DaBone]

8. Yes..this is a serious recession. ...

The govt has been fudging the inflation, employment and GDP numbers for the last 6 years. We've had much worse news than today. I thought the market would be giddy (and up at least 400) on the Free Money for Wall Street give-away?

[grahamhgreen]

9. The market is down because this bill collapses our economy... DUH

[livelongandprosper]

18. Bullshit n/t

[grahamhgreen]

23. First, the dollar will crash because of our massivly increased debt.

[Kurt_and_Hunter]

31. You consider 7% percent "massive"?

[girl gone mad]

34. During a time when so much wealth is being wiped out,

7% is a pretty large increase.

Cash is becoming more expensive, which makes debt harder to pay off.

[grahamhgreen]

36. It's 8.5 to start, then everybody knows, that will at least double, or triple....

[Hydra]

2. "The Market needs more tax dollars!"

Expect that next week.

[Raven]

3. Jobless report is terrible, oil futures tanked...my investment

advisor just called and said that nothing is going to get better until Obama is in the White House...this is a Repub, by the way. Irony of all ironies...they are all rooting for Obama.

[TexasObserver]

4. The DOW fell over 400 points AFTER the bailout passed!

The grim reality that this bill is NOT going to fundamentally change anything is sinking in.

[livelongandprosper]

19. It's not the stock market that matters but the credit market.

But that's not on TV so it doesn't exist in your world, right?

[lib2DaBone]

21. good point.. they say the Bond Market is where the real decisions are made.

[grahamhgreen]

26. "It's not the stock market that matters" - tell it to the shareholders

[TexasObserver]

28. Another kool aid drinker, I see.

I understand the world of economics and finance better than you ever will, which is why I am not running around with my hair on fire, like you.

[grahamhgreen]

32. You guys are the ones with your hair on fire to the tune of 850 BILLION MUST BURN!!!

[TexasObserver]

37. you know we're on the same side of this argument, right?

[grahamhgreen]

38. oops..

[mhatrw]

29. LOL! So why the panic about the 777 point drop then? n/t

[question everything]

5. Not a rip off. There is still panic

no one knows how the bailout would affect the economy except that... doing nothing would have hurt. Like... many teachers in California.

The market was up most of the day in anticipation of the bill pass. But it is Friday, economic news are still bad, pretty soon we will start hearing the third quarter results which are going to be bad so people are in a panic sell mode.

[grahamhgreen]

10. No, doing nothing would have hurt the billionaires, this hurts us.

[girl gone mad]

35. It's interesting to see so many Democrats become fervent supply-siders..

almost overnight.

[Hannah Bell]

24. ah-nuld says despite the bailout, he needs to borrow more money

from the federal gov to make his payroll.

630 billion here, 700 billion there...a couple billion there...

why don't you just hire yourself out as slaves to the warren buffetts & hank paulsons of the world & be done with it?

[speedoo]

6. It's about the jobs report.

We are in a serious recession and the market is reacting to that.

[grahamhgreen]

11. How can you still listen to these manipulators? Read "The Shcock Doctine". they are gutting the

country.

[speedoo]

30. I'm not listening to anyone, including people like you.

I have been investing for about 40 years. I think I have a reasonable idea about what drives markets.

[grahamhgreen]

33. Wil the market take no notice of the 850 billion changing hands?

[no_hypocrisy]

7. "Thanks, but no thanks!"

[FrenchieCat]

12. This information is intended for those who are informed on such matters.....

You don't understand the financial news that came out today, period.

[grahamhgreen]

13. Oh, really - and can you tell me where each billion of the 850 billion is going?

It's a con job, give me a break.

This 'bailout' solves nothing, they'll be begging us for more cas in no time.

We need to rebuild a economy not based on gambling and speculation in the stock market.

Those that did this need to go to jail, not be propped up.

That will solve the crisis.

[anigbrowl]

14. OK, so what's your model for a healthy economy?

And how long did it take to put that in place?

[grahamhgreen]

22. #1 - root out corruption

corruption is what destroys countries. These people should be prosecuted, not paid off.

#2 - Strictly regulated markets. There is no such thing as a free market.

#3 - socialized alternatives to free market systems, like health care and retirement.

#4 - Basically, model our economy like the social democracies of Germany, Japan, Australia, and Europe.

[Hannah Bell]

25. i've noticed the people telling others they "don't understand" never

have anything but that to say, like broken records.

[Pastiche423]

27. Strange that, eh?

:grr:

[davidwparker]

15. Thanks for the post. I agree with you. The market is manipulated. It is a

rich man's game.

I also agree with one poster to you about Disaster Capitalism.

It's all controlled. And if you're blogging here on DU, you're the one getting screwed.

[ColbertWatcher]

16. The market is an indicator of greed.

I remember watching the market back in the 1980s and being shocked when it would go up every time people were laid off and down when there was a little good news for working people.

So, I'm not sure I'd be unhappy with this little drop.

[spanone]

17. and bu$hco STILL says we're not in a recession

when cheney was selected by the supremes, he couldn't wait to get to a microphone to declare bill clinton had left us in a recession

[fascisthunter]

20. yeah... Thank God for the Bailout!

:sarcasm: