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10-10-2008, 01:20 PM #1Senior Member
Dow drops below 9,000, S&P nearing 900
There are rumors that the Fed will now be backing the commercial paper market, which will hopefully free up the players in the market. One thing is for sure, they have to act fast and hard...
this is country destroying bad. the worldwide markets crashed as soon as we passed this because weve proven that free-market dosent work. IMO
When are these power/money hungry assholes that are holding back our entire civilization back just so they can have that much more wealth? it reminds me of these banyan trees in my area. these trees grow amazing tops, very colorful and very heavy. to support the weight it grows hearty supporting "legs" growing down from the top. but when rich people want a nice pretty lawn, they cut all of this side branching off. this works fine and the tops thrive and look glorious. then one day a hurricane blows by and with no supprort structure the top falls crushing anything in its way. well all of our supporting "legs" are being chopped out and here comes the hurricane.
BTW I got out of my 401k in december, best move i ever made. my investments far exceed the national avg.
db:smokin:SnSstealth Reviewed by SnSstealth on . Dow drops below 9,000, S&P nearing 900 I knew it was going to follow the bailout, but actually seeing it is truly something... As fears of recession run about, credit freezing, and job outlook seems uncertain, money is trailing out of unsecured investment and headed into guaranteed forms of investment. As this happens, stocks will continue to fall. It is very likely we will see the Dow in the 7,000's and maybe even somewhere around 6,000. The last time the Dow was @ that level, it was 1996... There are rumors that the Fed Rating: 5
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