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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
 
MadBadger Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:04 PM
Original message
The Dow Falls Below 8,700
Edited on Thu Oct-09-08 02:50 PM by hnmnf
Its currently at 8618, down 640 Today.
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Common Sense Party Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:05 PM
Response to Original message
1. Dang. I don't get paid for another week.
I sure would like to be buying some shares in my 401(k) at these prices.
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BrklynLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:06 PM
Response to Reply #1
4. It sure is a buyer's market out there now...
I am sure Buffett and Pickens are scooping up all the bargains.
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Common Sense Party Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:08 PM
Response to Reply #4
8. Yep. Anybody with a long-term horizon should be excited.
Blue Light Special on Blue Chips.
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BrklynLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:05 PM
Response to Original message
2. Holy Crap!!!!!!!!!!!!!!!!! I guess the economy is not fading from the forefront...and I
am so glad that we threw all those billions at the AIG and the banks, etc. It really seems to have helped....NOT!!!!
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BumRushDaShow Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:05 PM
Response to Original message
3. We are now at the 36% loss mark from the peak = GREAT DEPRESSION.
:cry:
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BrklynLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:07 PM
Response to Reply #3
6. Trillions and trillions of dollars lost..
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Occam Bandage Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:07 PM
Response to Reply #3
7. I don't believe we'll have a great depression. The government is much more proactive than Hoover's.
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BumRushDaShow Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:17 PM
Response to Reply #7
12. The mention was more to say that the market of 1930 lost 31%
in one day and 40% for Sept./Oct.

The problem with the current gov't and Fed "proactiveness" is that they are operating in uncharted territory (including global effects) and really don't know what the result will be. They are winging it.
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Barack_America Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:06 PM
Response to Original message
5. Wow. I missed that.
That's quite a watermark.
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serrano2008 Donating Member (363 posts) Send PM | Profile | Ignore Thu Oct-09-08 02:08 PM
Response to Original message
9. DOH! Should I buy now or keep waiting...
I'll keep waiting...the market will recover once a Dem is in office.

Sell your gold now though cause that'll go down as soon as the stock market recovers.
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Abacus Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:23 PM
Response to Reply #9
13. I think we're going to 7500
There will almost certainly be a second chance; the first trip is for traders.

Rounded bottom on lower volume indicates a possible recovery point, I'll be looking for that followed by increasing prices and increasing volume. This will probably occur over weeks, timing down to the minute or hour is not going to be an issue.
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mohc Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:09 PM
Response to Original message
10. A year ago today
The DOW hit its alltime high of 14,164.53. It is down 37% in a year.
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TheDonkey Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:09 PM
Response to Original message
11. holy fuck!
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MadBadger Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:51 PM
Response to Original message
14. kick
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