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Current Events => Economics => Topic started by: Bluesuiter-Retired on July 06, 2009, 08:40:04 AM

Title: DOW Takes Another BIG Hit
Post by: Bluesuiter-Retired on July 06, 2009, 08:40:04 AM
Thursday the DOW closed DOWN 223 points.

At the opening bell this morning, the DOW was DOWN 285 points.

Hang on to your nickers folks, its going to get rough.
Title: Re: DOW Takes Another BIG Hit
Post by: thundley4 on July 06, 2009, 09:21:09 AM
(http://idmstest.foxbusiness.com/charts/indices/quote.chart?ID_NOTATION=324977&HEIGHT=170&WIDTH=500)

Kind of looks like the Matterhorn.
Title: Re: DOW Takes Another BIG Hit
Post by: Ralph Wiggum on July 06, 2009, 09:30:21 AM
Quote from: thundley4 on July 06, 2009, 09:21:09 AM
(http://idmstest.foxbusiness.com/charts/indices/quote.chart?ID_NOTATION=324977&HEIGHT=170&WIDTH=500)

Kind of looks like the Matterhorn.

Didn't I hear some 0bama media apologist or staffer claim just last week that the Dow was having unprecedented growth?
Title: Re: DOW Takes Another BIG Hit
Post by: Bluesuiter-Retired on July 06, 2009, 09:44:39 AM
Quote from: Ralph Wiggum on July 06, 2009, 09:30:21 AM
Didn't I hear some 0bama media apologist or staffer claim just last week that the Dow was having unprecedented growth?

Most likely.

Earlier on "the dear leader" scoffed at the DOW when it was going down and told us not to pay attention to it, yet he did a 180 when the DOW started climbing back up.  I'm sure we'll hear the same ole crap about not paying no mind to the DOW now that it is falling again.
Title: Re: DOW Takes Another BIG Hit
Post by: DumbAss Tanker on July 06, 2009, 10:03:49 AM
Quote from: Ralph Wiggum on July 06, 2009, 09:30:21 AM
Didn't I hear some 0bama media apologist or staffer claim just last week that the Dow was having unprecedented growth?

It was true in a conditional sort of way, the quarter just closed did see great growth, but of course that was after a two quarters of cataclysmic losses, so the gains were purely relative.
Title: Re: DOW Takes Another BIG Hit
Post by: seabelle on July 06, 2009, 12:47:31 PM
Doesn't the DOW usually rise when Obama's out of the country ?  :naughty:

I have no money in the stock market, but good luck to you guys who do !
Title: Re: DOW Takes Another BIG Hit
Post by: JohnnyReb on July 06, 2009, 01:41:43 PM
My little mutual funds are getting seasick.........  :bird: Obama
Title: Re: DOW Takes Another BIG Hit
Post by: BadCat on July 06, 2009, 02:15:39 PM
Quote from: JohnnyReb on July 06, 2009, 01:41:43 PM
My little mutual funds are getting seasick.........  :bird: Obama

Switch to gold...NOW.
Title: Re: DOW Takes Another BIG Hit
Post by: Chris_ on July 06, 2009, 02:28:18 PM
Quote from: BadCat on July 06, 2009, 02:15:39 PM
Switch to gold...NOW.

I'm making some heavy investments in copper jacketed lead, personally.