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10-10-2008, 04:44 PM #1Senior Member
Dow drops below 9,000, S&P nearing 900
sorry for the doom and gloom, i had just watched the 60min. bit on how the top companies created this whole mess by offering securities on bad investments that they had no money to cover. but since its not called insurance its not regulated. 4 times the national debt 60-80 trillion dollars floating on mathematics and the govt(including the guy who asked for the 700 mill) didnt see this coming? all the while guys being paid 50 mill a year are gonna get bonus checks from us for letting, no making, this happen. disgusts me to where i cant even pay attn. normally.
dbSnSstealth 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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