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Author Topic: Dow Continues to Fall as Stocks Drown in Sea of Bad News  (Read 3960 times)

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Offline Wretched Excess

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Dow Continues to Fall as Stocks Drown in Sea of Bad News
« on: March 05, 2009, 11:16:13 AM »



The Dow plunged to fresh 12-year lows on Thursday in a broad selloff sparked by fears about the future of General Motors, disappointment about China's stimulus plans and another bad day for banking stocks like Citigroup.

More at the Link
« Last Edit: March 05, 2009, 12:38:49 PM by Wretched Excess »
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Offline thundley4

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Re: Dow Continues to Fall as Stocks Drown in Sea of Bad News
« Reply #1 on: March 05, 2009, 11:23:39 AM »
So much for the gains yesterday.  :uhsure:
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Offline Wretched Excess

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Re: Dow Continues to Fall as Stocks Drown in Sea of Bad News
« Reply #2 on: March 05, 2009, 11:28:02 AM »

but, but, but, The PresidentStar! said that there were good deals in the stock market.  he said that we should buy now.
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Offline BannedFromDU

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Re: Dow Continues to Fall as Stocks Drown in Sea of Bad News
« Reply #3 on: March 05, 2009, 11:30:30 AM »
Quote from: Wretched Excess on March 05, 2009, 11:28:02 AM
but, but, but, The PresidentStar! said that there were good deals in the stock market.  he said that we should buy now.


     You mean we should respond to these harrowing times by BUYING MORE?

     Gee, I wonder if a President has been ridiculed by Dems for that same stance before...hm....
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Offline Chris_

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Re: Dow Continues to Fall as Stocks Drown in Sea of Bad News
« Reply #4 on: March 05, 2009, 11:31:56 AM »
5000 by tax day. 
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Offline thundley4

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Re: Dow Continues to Fall as Stocks Drown in Sea of Bad News
« Reply #5 on: March 05, 2009, 11:51:09 AM »
Quote from: Wretched Excess on March 05, 2009, 11:28:02 AM
but, but, but, The PresidentStar! said that there were good deals in the stock market.  he said that we should buy now.

That was responsible for the bounce yesterday.  That was all the dummies putting their last pennies into doing the 0Bama's bidding. Now the evil capitalists are profit taking from them.  :rotf:
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Offline Karin

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Re: Dow Continues to Fall as Stocks Drown in Sea of Bad News
« Reply #6 on: March 05, 2009, 12:17:00 PM »
But but but, the profit and earning ratios were looking so good!  On a related note, Nanny Bloomberg said that we should buy stock in Macy's and Bloomingdale's. 

I do have to wonder if any moonbat did purchase stock on zero's advice.  Hmmmm.....beginnings of spurned lover syndrome?
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Offline asdf2231

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Re: Dow Continues to Fall as Stocks Drown in Sea of Bad News
« Reply #7 on: March 05, 2009, 12:30:09 PM »
Eff me standing.

I keep hoping this will bottom and rebound.

Schiesse.
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Offline Wretched Excess

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Re: Dow Continues to Fall as Stocks Drown in Sea of Bad News
« Reply #8 on: March 05, 2009, 12:35:58 PM »
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Offline thundley4

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Re: Dow Continues to Fall as Stocks Drown in Sea of Bad News
« Reply #9 on: March 05, 2009, 12:36:24 PM »
That last drop started when 0Bama started talking about his health care plans on TV. Coincidence?


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Offline Ptarmigan

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Re: Dow Continues to Fall as Stocks Drown in Sea of Bad News
« Reply #10 on: March 05, 2009, 02:53:58 PM »
Ever since Obama was elected, the Dow Jones dropped by over 2,500 points. Usually when there is a new President, it goes up.
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Offline Carl

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Re: Dow Continues to Fall as Stocks Drown in Sea of Bad News
« Reply #11 on: March 05, 2009, 02:58:46 PM »
Think this is still just a "gyration" O?

Effen idiot.
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Offline Hawkgirl

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Re: Dow Continues to Fall as Stocks Drown in Sea of Bad News
« Reply #12 on: March 05, 2009, 04:23:50 PM »
I just printed thechart and showed it to the moonbats I work with....Guess what I heard?  "That's because of BUSH"... :rotf:  I told them.....nonono...your president now has taken ownership of this economy and each time he spends trillions on bailouts and talks about screwing the rich people..this is how Wall Street will respond.
They are too stupid to realize that profitable BIG companies are the ones who employ people.

These stupid, ignorant, people are the ones who voted for this mess of a candidate...and those who were once so loud about this horrible economy under Bush are so quiet now...I wonder why..... :whatever:
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Offline Wretched Excess

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Re: Dow Continues to Fall as Stocks Drown in Sea of Bad News
« Reply #13 on: March 05, 2009, 05:25:55 PM »
Quote from: Hawkgirl on March 05, 2009, 04:23:50 PM
I just printed thechart and showed it to the moonbats I work with....Guess what I heard?  "That's because of BUSH"... :rotf:  I told them.....nonono...your president now has taken ownership of this economy and each time he spends trillions on bailouts and talks about screwing the rich people..this is how Wall Street will respond.
They are too stupid to realize that profitable BIG companies are the ones who employ people.

These stupid, ignorant, people are the ones who voted for this mess of a candidate...and those who were once so loud about this horrible economy under Bush are so quiet now...I wonder why..... :whatever:

change we were deceived in.
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Offline Tess Anderson

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Re: Dow Continues to Fall as Stocks Drown in Sea of Bad News
« Reply #14 on: March 05, 2009, 05:33:50 PM »
"We" in a collective sense - I think most of the people here realized that socialism and Wall Strret don't go together well - the Dow has been free-falling since early November.

(checking for the official close)   

Quote
According to preliminary calculations, the Dow fell 281.40, or 4.1 percent, to 6,594.44. The S&P 500 index dropped 32.95, or 4.6 percent, to 679.92. The Nasdaq composite index fell 52.30, or 3.9 percent, to 1,301.44.


They're blaming GM and Citicorp for this today - the latter is under a dollar a share. I've heard in a couple of places that tomorrow will probably be worse, a devastating economic figure is supposed to be released in the morning.
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Offline Wretched Excess

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Re: Dow Continues to Fall as Stocks Drown in Sea of Bad News
« Reply #15 on: March 05, 2009, 05:44:06 PM »
Quote from: Tess Anderson on March 05, 2009, 05:33:50 PM
"We" in a collective sense - I think most of the people here realized that socialism and Wall Strret don't go together well - the Dow has been free-falling since early November.

(checking for the official close)   
 

They're blaming GM and Citicorp for this today - the latter is under a dollar a share. I've heard in a couple of places that tomorrow will probably be worse, a devastating economic figure is supposed to be released in the morning.

the reason that GM and citicorp are still in trouble is because the "stimulus bill" was nothing but pet liberal causes and projects, and had nothing to do with addressing the actual problem.  and that is assuming that a government stimulus bill was the solution in the first place.

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Offline Ogre

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Re: Dow Continues to Fall as Stocks Drown in Sea of Bad News
« Reply #16 on: March 05, 2009, 05:46:12 PM »
Quote from: Hawkgirl on March 05, 2009, 04:23:50 PM
I just printed thechart and showed it to the moonbats I work with....Guess what I heard?  "That's because of BUSH"... :rotf:  I told them.....nonono...your president now has taken ownership of this economy and each time he spends trillions on bailouts and talks about screwing the rich people..this is how Wall Street will respond.
They are too stupid to realize that profitable BIG companies are the ones who employ people.

These stupid, ignorant, people are the ones who voted for this mess of a candidate...and those who were once so loud about this horrible economy under Bush are so quiet now...I wonder why..... :whatever:

   :lmao:  You can lead a moonbat to the truth, but you can't make them believe it.
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Offline debk

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Re: Dow Continues to Fall as Stocks Drown in Sea of Bad News
« Reply #17 on: March 05, 2009, 05:55:38 PM »
Quote from: Wretched Excess on March 05, 2009, 11:16:13 AM



The Dow plunged to fresh 12-year lows on Thursday in a broad selloff sparked by fears about the future of General Motors, disappointment about China's stimulus plans and another bad day for banking stocks like Citigroup.

More at the Link


I hope the liberals are happy....they wanted "change" ...and change is what they are going to get.

Pennies on the every dollar that they may have been putting into retirement for the last 20+ years.....yep that's "change" alright..... :censored:
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Offline Wretched Excess

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Re: Dow Continues to Fall as Stocks Drown in Sea of Bad News
« Reply #18 on: March 05, 2009, 05:58:58 PM »
Quote from: debk on March 05, 2009, 05:55:38 PM

I hope the liberals are happy....they wanted "change" ...and change is what they are going to get.

Pennies on the every dollar that they may have been putting into retirement for the last 20+ years.....yep that's "change" alright..... :censored:

the bolsheviks were "change".  so were the nazis.  I'm not necessarily comparing the obama administration to either, but merely agreeing with you that "change" only makes sense when you are aware of what you are changing TO.

suspicion of, and resistance to, unintelligent and impulsive change is what conservatism is all about.
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Offline debk

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Re: Dow Continues to Fall as Stocks Drown in Sea of Bad News
« Reply #19 on: March 05, 2009, 06:06:52 PM »
Quote from: BadCat on March 05, 2009, 06:04:07 PM
Citi is about to be dropped from the Dow Jones because its stock went under $1 today.
There are 4 other Dow stocks that are under $10, first time this has happened since they started recording this in 1972.

I heard earlier that Citi was down to 97 cents.....
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Just hand over the chocolate...back away slowly...far away....and you won't get hurt....

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Offline Wretched Excess

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Re: Dow Continues to Fall as Stocks Drown in Sea of Bad News
« Reply #20 on: March 05, 2009, 06:51:39 PM »
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Offline diesel driver

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Re: Dow Continues to Fall as Stocks Drown in Sea of Bad News
« Reply #21 on: March 05, 2009, 07:18:51 PM »
Quote from: debk on March 05, 2009, 06:06:52 PM
I heard earlier that Citi was down to 97 cents.....

I believe they have 30 days to get their stock above a buck before they are delisted....
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Offline debk

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Re: Dow Continues to Fall as Stocks Drown in Sea of Bad News
« Reply #22 on: March 05, 2009, 07:29:39 PM »
Quote from: diesel driver on March 05, 2009, 07:18:51 PM
I believe they have 30 days to get their stock above a buck before they are delisted....

It's really hard to imagine Citi going down the tubes.....

Wonder if that means we won't have to pay our Citicards if they do..... :uhsure:

....yeah, right...... ::)
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Just hand over the chocolate...back away slowly...far away....and you won't get hurt....

Save the Earth... it's the only planet with chocolate.

"My therapist told me the way to achieve true inner peace is to finish what I start. So far I've finished two bags of M&M's and a chocolate cake. I feel better already." – Dave Barry

A balanced diet is chocolate in both hands.

Offline Bluesuiter-Retired

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Re: Dow Continues to Fall as Stocks Drown in Sea of Bad News
« Reply #23 on: March 05, 2009, 07:36:47 PM »
The primary reason the DOW is tanking is the repeated mis-steps by "the messiah" and his economic advisors.

Instead of looking years into the future, they need to start looking at the here and now, but they are too lame to get it.

The DOW took a major hit the other day when they decided to give another $30 BILLION to AIG.

Enough already, just let the big 3 and the financial institutions go into bankruptcy so they can reorganize and come back on their own instead of saddling our great-great-great grandchildren with the bill.
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Offline rich_t

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Re: Dow Continues to Fall as Stocks Drown in Sea of Bad News
« Reply #24 on: March 05, 2009, 07:38:05 PM »
Quote from: Bluesuiter-Retired on March 05, 2009, 07:36:47 PM
The primary reason the DOW is tanking is the repeated mis-steps by "the messiah" and his economic advisors.

Instead of looking years into the future, they need to start looking at the here and now, but they are too lame to get it.

The DOW took a major hit the other day when they decided to give another $30 BILLION to AIG.

Enough already, just let the big 3 and the financial institutions go into bankruptcy so they can reorganize and come back on their own instead of saddling our great-great-great grandchildren with the bill.


Exactly!
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