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so the dow is down 270 and no one bats an eye anymore.

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
 
Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-15-08 09:40 AM
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so the dow is down 270 and no one bats an eye anymore.
that is the sign of one fucked up economy.

I predict the monday gain to be erased by friday.
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UnrepentantUnitarian Donating Member (887 posts) Send PM | Profile | Ignore Wed Oct-15-08 09:42 AM
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1. Only if it's up 270 does it become a MSM headline.
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tekisui Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-15-08 09:43 AM
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2. Last week was a controlled crash.
The PPT let us down easy, so we'd all get used to it. 200-400 a day, that's not so bad, right? :eyes:

A few people made some money on Friday and Monday, but it was just to get a little cash flow. We are back down, and yep, we're used to it now.
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RUMMYisFROSTED Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-15-08 09:47 AM
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3. -500 is the new -100.
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endarkenment Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-15-08 10:14 AM
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4. I try not to look.
Like a lot of people, it is too late for me to do anything to protect the assets I had in stocks. All I can do now is ride out the storm and wait for the recovery. I'm not selling (I don't have to) and I'm not buying. How low it goes is no longer of any interest to me, I've accepted that it may be 5-7 years before I can get my money out.
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