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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 12:04 PM
Original message
so the DOW continues to go down
As I said the other day... I think we are now in a slow motion crash... that is just my opinion but we are, quite frankly, beyond just a correction.

And yes, this is about our lovely global economy... not just the US... but hey, if you are talking globalization a crisis in any one region could and would do this... and this is about a 20% correction so far... I am sorry, but isn't a correction 10%... I love these analysts, I really do.

Oh and now they are talking deflation and stagflation... nope they are not the same thing... and it was a DEFLATIONARY environment that not only led to the lost decade but was also part and parcel of the Great Depression

(Disclaimer: getting things does not mean one is celebrating them, disclaimer needed since I expect that charge anyway)
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dmallind Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 12:09 PM
Response to Original message
1. just so long as you start a 5th thread when it goes back up
Which of course you won't be able to, as it's considered inappropriate on DU to point out rises, only falls in the Dow.

How close is the index to what you thought it would be now from the vantage point of early 2009 BTW? Awful lot of 4000 predictors on DU around that time who laughed at my 11000+ predictions...
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 12:11 PM
Response to Reply #1
3. Funny, so you are laughing at the content?
Look fact is we are well beyond a CORRECTION now... deal with it. And the daily STOCK MARKET WATCH might be THE THREAD for you... it does point to BOTH rises and losses, on a DAILY BASIS. It is a DU tradition.
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dmallind Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 12:19 PM
Response to Reply #3
5. Correction from what? The 7500 Obama inherited?
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 12:22 PM
Response to Reply #5
7. This is stupid
am I imagining the Stock Market go down by over 1200 points by now? Is that it? What a good imagination I have. This is not a team sport.
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dmallind Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 02:37 PM
Response to Reply #7
21. Sure it did - and will go back up again just as before. nt
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 03:41 PM
Response to Reply #21
24. I see... have a good day
nothing to see here. It is OUR GUY in charge. Team sport, yup
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dmallind Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 10:17 PM
Response to Reply #24
29. Stocks don't care that much who is in charge - if you think they are sinking forever you are nuts.
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daleanime Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 12:10 PM
Response to Original message
2. Nothing to celebrate here....
I really hate to say that I agree with you....






sucks don't?:banghead:
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 12:14 PM
Response to Reply #2
4. Yep and Austerity is exactly the wrong response.
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Harmony Blue Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 12:21 PM
Response to Reply #4
6. It is the right response for the GOP employers
because they are trying to make one big last push before the entire pyramid crumbles to the ground. This is why Democrats must take a tougher stance against the GOP or else they will drag this country down so they can carve up this nation to private investors like they did to Greece.



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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 12:23 PM
Response to Reply #6
9. It is the end of Empire as well
and it is ironic who is pushing to the races faster.
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Cleita Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 12:23 PM
Response to Original message
8. Somehow, I'm not caring even though it's taking my
retirement nest egg with it and I could find myself in dire straits. But I think it could be for the greater good. Maybe it will bring back the regulation Wall Street needs to bring our economy back to where it was before the Republicans deregulated every thing and we got to this point.
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 12:25 PM
Response to Reply #8
10. Sooner or later we shoudl have a rational response
but the problem is how long? And as to you, I worry about people like you. I also wil not scold you, unlike some, for being in the market. We all are... 401K (GRRRR) and Retirement funds...
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Cleita Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 12:31 PM
Response to Reply #10
13. All I have is what's left of an IRA.
I'm in the market because I rely on income from those savings and the CDs my DH and I started out with no longer pay enough interest. I also keep chipping at the principle so I don't know how long it will last. I'm fortunate that I can still work. If I fall ill with a chronic disease, at my age of 71, my goose is cooked. I can't despair about what the future holds though because that for sure will make one sick.
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Harmony Blue Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 12:26 PM
Response to Reply #8
12. Regulation?
There will be nothing left to regulate if this roller coaster pace sustains beyond the next few weeks.
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Cleita Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 12:33 PM
Response to Reply #12
14. Maybe that's not a bad thing.
Perhaps we will have to start from scratch again. Maybe the fascist corporate crooks will be destroyed. One can hope. If that happens, what I have sacrificed will be worth it.
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Dreamer Tatum Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 12:25 PM
Response to Original message
11. Just like clockwork, you're here to crow over bad news.
And FYI, deflation and stagflation are almost opposites. Please show me evidence of deflation. Please.

You never present analysis - just soundbites and vague worries about what's ahead. It's tiresome.
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Cleita Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 12:36 PM
Response to Reply #11
15. If it's that important to you why don't you post your
evidence and analysis to back your assertions?
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Name removed Donating Member (0 posts) Send PM | Profile | Ignore Thu Aug-18-11 12:40 PM
Response to Reply #15
16. Deleted message
Message removed by moderator. Click here to review the message board rules.
 
Dreamer Tatum Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 01:03 PM
Response to Reply #15
18. Evidence and analysis? Go read. Will take you less than 5 minutes. nt
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ingac70 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 01:00 PM
Response to Original message
17. Its down, its up, back and forth.....
*YAWN*
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 01:05 PM
Response to Reply #17
19. Yes, but it has lost 20%+ of it's value
that is the story...not that it goes up and down. CONFIDENCE is part of the name of the game. and while there is a capital strike, this does not help;
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Joe Fields Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 01:32 PM
Response to Reply #19
20. It's the same money being pushed around to different areas.
Nadin, you should be smart enough to know by now that the little investor doesn't mean shit. The markets are, and have been manipulated by the big boys for a long time now. And the media is definitely in collusion. One day, the media says that consumer confidence is up, which explains why the market went up. The next day it is something different, which is supposed to explain why the markets tumbled.

If you were smart enough to analyze the markets and trends, you would be scratching your head, saying that nothing makes sense anymore.

But if you were to buy into the proposition that the markets are highly manipulated, then you would gain a better understanding for what is going on.

BTW, if you have any money in the market, I hope you realize that the vulture hedge funds will gain a great return on your investment, if you can stomach it.
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MineralMan Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 02:48 PM
Response to Original message
22. Down one day, up the next.
Edited on Thu Aug-18-11 02:53 PM by MineralMan
:shrug:

Since I have no money in the stock market, I use the DJIA as a monitor of where the moneyed class's heads are at. I watch it at the open and close, to see what it did, even though it doesn't affect me.

There have been some pretty good-sized swings in the past couple of weeks. Will that continue. Probably. Some people are making money; some are losing money. I'm staying at the same level.

I'll just keep watching, but I don't make predictions based on the Dow or about the Dow. That would be silly.
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greytdemocrat Donating Member (614 posts) Send PM | Profile | Ignore Thu Aug-18-11 03:31 PM
Response to Original message
23. Closed down 419!!!
Yikes
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 03:42 PM
Response to Reply #23
25. It is the aggregate not one day
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greytdemocrat Donating Member (614 posts) Send PM | Profile | Ignore Thu Aug-18-11 03:46 PM
Response to Reply #25
27. I should have said
The DJIA closed down 419.
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sfpcjock Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 03:44 PM
Response to Original message
26. The hedge funds are using the nano second free trading...
to pump the volatility and make even more money. They never have an off day, so when the programmed sell/naked shorting options kick in, it becomes a self-fulfilling prophecy. That's what CNBC said.
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Motown_Johnny Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 04:12 PM
Response to Original message
28. I refer to it in terms of the race to the bottom, but slow motion crash works too


semantics
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roamer65 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 10:21 PM
Response to Original message
30. Gold is at $1843/oz right now.
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Swede Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-18-11 10:35 PM
Response to Original message
31. Good time to buy.
Buy low,sell high is how you make to big bucks.
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