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boomp there it is!! dow drops below 9k...

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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:16 PM
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boomp there it is!! dow drops below 9k...
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SmokingJacket Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:17 PM
Response to Original message
1. This is just nuts.
I wish I had a bunch of money to invest right now, because it HAS to go up soon.

Right?

Er... right????
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EmeraldCityGrl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:18 PM
Response to Original message
2. I was in a restaurant last night and couldn't help overhearing the
conversations of some of the people around me. Sheer panic.
I remember thinking that restaurant won't be open in two years.
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Liberal_in_LA Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-11-08 10:03 PM
Response to Reply #2
6. everyone i know mentions how much their 401K has lost in value.
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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:18 PM
Response to Original message
3. interesting:
Wall Street is also looking for any effects of short selling now that a three-week ban imposed by regulators has expired. Short selling is a technique in which investors borrow shares in a company from a broker and sell them, hoping to buy them back later at a lower price. Essentially, it's a bet that a stock's price will fall. Short sellers can lose money if they have to repurchase the stock after it has risen.

Some analysts believe the unprecedented ban on short selling — an effort to bolster investor confidence amid the worst financial crisis since the stock market crash of 1929 — did more harm than good at a time of historic market volatility. They contend that short sellers help the market rally by covering their bets and creating demand for stocks.

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mdmc Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-11-08 09:25 PM
Response to Reply #3
5. kick
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lib2DaBone Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:28 PM
Response to Original message
4. Sure am glad our Dems In CONgress gave away $850 Billion last week
Edited on Thu Oct-09-08 02:28 PM by lib2DaBone
As Harry Reid and Nancy Pelosi said, "The threat of not doing anything is worse than the threat of using your head and not letting the Republicans stampede you" Er..a well, that's not Exactly what they said... I made up the last part.

:D
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Lord Helmet Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-11-08 10:04 PM
Response to Original message
7. for once I feel good about being a poor student
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