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      09-29-2008, 01:49 PM   #1
iatacs19
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Bailout bill fails; Dow plunges

Yikes!

What now?
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      09-29-2008, 01:50 PM   #2
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Let it ride.....Buy buy buy !!!!
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      09-29-2008, 01:54 PM   #3
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Seriously, people need to stop panicking. Its not the end of the world. These reactions are what trigger the drop in stocks. SHEEP, I tell ya!!!
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      09-29-2008, 02:01 PM   #4
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Seriously, people need to stop panicking. Its not the end of the world. These reactions are what trigger the drop in stocks. SHEEP, I tell ya!!!
Ignorance is not bliss.
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      09-29-2008, 02:07 PM   #5
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Ignorance is not bliss.
Your average 'jo doesnt know sht about the market.
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      09-29-2008, 02:14 PM   #6
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Absolutely rediculous.
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      09-29-2008, 02:31 PM   #7
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-700 and getting lower

I believe it would be the largest loss in terms of points ever. Percentage wise it's about -6%....
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      09-29-2008, 02:37 PM   #8
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You wanna stop it? Go spend some money-get drunk so the bar can buy more beer which in turn makes beer companies money which in turn pays employees then go f*ck a hooker in a hotel room so the hotel makes money too then the hooker can go spend the money on drugs because thats why shes turning tricks to begin with... then the drug dealer can go buy some stupid ass chrome rims to put on a POS chrysler 300 which in turn makes the car manufacturers money and so on and so forth....
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      09-29-2008, 02:40 PM   #9
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Quote:
Originally Posted by Haute Z View Post
You wanna stop it? Go spend some money-get drunk so the bar can buy more beer which in turn makes beer companies money which in turn pays employees then go f*ck a hooker in a hotel room so the hotel makes money too then the hooker can go spend the money on drugs because thats why shes turning tricks to begin with... then the drug dealer can go buy some stupid ass chrome rims to put on a POS chrysler 300 which in turn makes the car manufacturers money and so on and so forth....
So you have a degree in econ, looks like.

On a serious note, everyone is sitting on their hands. Too much uncertainty, no stability.

If we go below 10,000pts, I don't see a bottom from there!
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      09-29-2008, 02:43 PM   #10
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Quote:
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So you have a degree in econ, looks like.

On a serious note, everyone is sitting on their hands. Too much uncertainty, no stability.

If we go below 10,000pts, I don't see a bottom from there!



Close.
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      09-29-2008, 02:50 PM   #11
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Quote:
Originally Posted by Haute Z View Post
You wanna stop it? Go spend some money-get drunk so the bar can buy more beer which in turn makes beer companies money which in turn pays employees then go f*ck a hooker in a hotel room so the hotel makes money too then the hooker can go spend the money on drugs because thats why shes turning tricks to begin with... then the drug dealer can go buy some stupid ass chrome rims to put on a POS chrysler 300 which in turn makes the car manufacturers money and so on and so forth....
are you available haute? i want to help stimulate the economy haha j/k
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      09-29-2008, 02:54 PM   #12
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Your average 'jo doesnt know sht about the market.
And it looks like you don't either!
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      09-29-2008, 02:56 PM   #13
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are you available haute? i want to help stimulate the economy haha j/k
shhhhhhh... next time i see you, youre gonna get a beating
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      09-29-2008, 02:56 PM   #14
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And it looks like you don't either!
Youre soooooooo right. Not like im in private equity or anything. It was a fn joke. Get over it.
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      09-29-2008, 02:58 PM   #15
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down 586 right now....have bloomberg on my comp.
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      09-29-2008, 03:08 PM   #16
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down 738
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      09-29-2008, 03:13 PM   #17
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Quote:
Originally Posted by MJC///M3 View Post
down 586 right now....have bloomberg on my comp.
Quote:
Originally Posted by MJC///M3 View Post
down 738
That's like a ten minute gap right there. Holy shit.
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      09-29-2008, 03:13 PM   #18
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short anyone?
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      09-29-2008, 03:15 PM   #19
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well i dont have real time bloomberg...so its still updating after market close at 4pm...right now...down 780 boys....this is unreal....biggest drop in history....


crude oil fell 10 dollars today!! Dollar up almost a full basis pt on the Euro...so some good news there.
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      09-29-2008, 03:16 PM   #20
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wow -777
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      09-29-2008, 03:22 PM   #21
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777.68 boys.....
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      09-29-2008, 03:23 PM   #22
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Have to fix credit markets 1st, inter-bank market trust before we can do anything else. Buying toxic assets is not the only, nor perhaps even the best solution, we could be looking at, variously

government injects funds for preferred shares / common stock (offers equity upside)
government purchase of subordinated debt
government issuance of government bonds to boost the banks’ capital;
government injection of cash
government extends credit to the financial sector

But next year the consumer is toast; credit is getting tighter and tighter.
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