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The Dow futures are down almost 200 points

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4 t 4 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-05-08 07:31 PM
Original message
The Dow futures are down almost 200 points
I know to everyone that is going to say if we didn't do the bail out it would be down alot more, but really no one knows for sure. IMHO the bail out was a very bad idea there were many more way to go about it. We were all sold out!
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lostnotforgotten Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-05-08 07:32 PM
Response to Original message
1. Agree Completely - All Those That Favored The Bailout Seem Missing In Action
eom
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4 t 4 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-05-08 07:38 PM
Response to Reply #1
3. I think I've only seen
a couple of post today reiterating how we need the bail out. Also Chicago Tribune had about 1 small article about. Pathetic!
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ShadowLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-05-08 07:35 PM
Response to Original message
2. They were saying on morning shows today it'll take months to know if the bailout worked or not
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TahitiNut Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-05-08 07:55 PM
Response to Reply #2
5. Most proponents were claiming the "confidence" would stop the market slide.
Edited on Sun Oct-05-08 07:58 PM by TahitiNut
These, of course, were of the Greater Fool School of market dynamics ... believers in the "con game."

The other, more traditional (boring) school, that actually does research and analysis, obviously understands which specific companies are financially vulnerable to the herd instinct (constipation) driving the financial sector and are moving their capital to safer climates.

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MUAD_DIB Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-05-08 07:53 PM
Response to Original message
4. If the DOW were, let's say, to sink below the 9k mark then
Edited on Sun Oct-05-08 08:49 PM by MUAD_DIB
it will only reinforce to the American populace that things aren't "Okay" and that will not bode well for the GOP.

It was the unfettered deregulation of the markets that has gotten the USA into this mess.
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TahitiNut Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-05-08 08:02 PM
Response to Reply #4
8. Just a nit ...
"populace" is the noun and "populous" is the adjective. :shrug:

http://grammartips.homestead.com/populous.html


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MUAD_DIB Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-05-08 08:51 PM
Response to Reply #8
9. Know it all.

Thanks. :hi:
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Selatius Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-05-08 08:00 PM
Response to Original message
6. The Dow is still overvalued anyway.
Edited on Sun Oct-05-08 08:00 PM by Selatius
When a bubble pops, things fall down. Right now, things are falling. The key is in preventing a market-distorting bubble from ever appearing.
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TexasObserver Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-05-08 09:22 PM
Response to Reply #6
10. Yes, at least 1000 points.
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roamer65 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-05-08 08:01 PM
Response to Original message
7. The credit crisis is going viral. We need a global intervention now of at least $5T.
Edited on Sun Oct-05-08 08:02 PM by roamer65
Otherwise this will make the First Great Depression look like a picnic.
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