Since the Bailout Bill passed, Dow Jones average is down 1,225.70 ... 11.7%!!

[Roland99]

In just 4 days.

[dchill]

1. It's Bushonomics...

in a new, concentrated formula!

[Darkhawk32]

2. I don't think the market is through dropping.

I think it'll go down to 7700 within the next month or so.

[Winterblues]

3. Since the beginning of this year the DOW is down 33%

About Five Thousand Points so is it any wonder people are quite nervous about the Market. It has been on a steady decline now for eight consecutive months...

[Javaman]

4. But but but this is just a correction!! it was always over inflated!!!

:rofl:

this is to those here in DU that choose to remain in fantasy land.

[nadinbrzezinski]

5. What? There is a crisis?

that is a good one... I like that joke

My favorite actually is... they crashed the economy on purpose five weeks before a general election.

That is pure gold.

:rofl:

[Cessna Invesco Palin]

10. It's a JEENYUS plan!

1) Crash the entire world economy five weeks before a general election where your party is already on the skids for its handling of, well, crises.

2) ???

3) Profit!

Brilliant! I'm investing in underpants futures!

(Actually, I'd like to invest in warehouses. Methinks there's gonna be a lot of leftover stock after Christmas with nowhere else to go.)

[Kaleko]

6. Lots of reasons for that.

One is, major hedge funds are unwinding their positions.

Worldwide, everyone is trying to get out of stocks, which means traders will sell into any rally. These little rallies in an overall bear market are called a "dead cat bounce."

Understand that neocons have brought about a worldwide crisis of confidence with their corrupting schemes.

Now you'll hear everybody, including Paulson and Co, clamor for "transparency" and "honesty in all business practices". The neocon Plan for an American Century has been totally discredited, though you won't think that fact has sunk in yet when you're listening to McCain-Palin & Friend's stump speeches.

The American Empire crumbled in the last few weeks. The US dollar won't be the world's reserve currency much longer by all accounts. Major paradigm shift happening as we speak.

[zippy890]

7. so you don't see the stock market recovering?

short-term, long-term.- ever?

[Roland99]

8. It still has much to fall.

[gravity]

11. I disagree

On a valuation standpoint, the market is looking rather cheap even pricing in a recession. It could go down more in the short term, but long term should be fine, assuming that credit markets eventually loosen up.

[sendero]

13. So...

...you think that stocks only overshoot actual value on the upside?

You are in for a big surprise.

[Roland99]

14. Sure, it will eventually recover. In about 2012 maybe.

But there is much more to the downside to come.

[nadinbrzezinski]

12. Long term it is also going to turn around

that is the way it is

[mhatrw]

9. Great to see handing investment banks the keys to treasury worked so well!

:eyes:

[Odin2005]

15. Welcome to 1929... n/t.

[Kaleko]

16. No. This is not like 1929.

Today is an historic day in that central banks across the globe co-ordinated a rate cut and are trying to work in concert to avert a global Great Depression. I'm not saying they've succeeded - yet. But it certainly is the opposite of what was done when banks tightened credit rates in 1929 instead of propping up major institutions to keep them from falling on everyone else close by.

Wait till certain indicators signal that the situation has stabilized. Right now, no asset class is safe unless you're Warren Buffett or George Soros (they can afford to lose big time).

What went up is coming down.

Honest businesses with proven ethical practices will be the Kings after the neocon Empire has been fully brought down to its knees in every way.

At least that's my take for now.

[Roland99]

17. CNBC says it's just an oversold market.