More Of The Same
Filed under: Business BlitzWall Street continued down its devastatingly downward spiral on Friday.
Have a great weekend, y'all!
Posted: October 10, 2008 at 3:35 pm
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21 comments to “More Of The Same” |
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its up 310.70 and rising at 336 PM EDT
but who knows how these things work eh MARIO…FINANCIAL GENIUS…
stick to gossip
THANX BUSH!
ACORN pressured
banks to make loans to people
without enough income to
pay their home payments.
ACORN threatened to sue
banks that did not make the
unsafe loans.
That is a large part
of the Wall Street collapse.
.
Who in this Presidential
race used to work for ACORN?
It was not John McCain!
dumb ass…it's -59 points as i type this. the market doesn't close for another 17 minutes.
Re: vengance – lol
thanks for the real update.
Samo Samo
same shit, different day…
BE HEALTHY AND TRY TO SMILE… ALOT!
:)
YOU HAVE A GOOD WEEKEND YOU FUCKTARD! IT'S THANKSGIVING IN CANADA THIS WEEKEND!
Vote OBAMA 08.
Just keep your cash under your mattress. And your smith & wesson nearby.
i hate your stupid "happy friday" and "happy monday" comments… they're so annoying. i can just imagine the sarcastic/annoying/feminine tone they're said in and it curtyls my blood
fresh.
Re: LettyB – you out?
Re: Del_Rob – ok dumbass look at the time stapm on my post it was up 310.70 dropped to -242. Now BELLED -43.81 WITH FINAL TALLIES STILL TO COME. STILL ITS FAR FAR BETTER THAN THE -600 IT WAS AT 2PM. MIND YOU THE DOW LOST 20% IN A WEEK BUT IT SEEMS LIKE THE BOTTOM HAS BEEN HIT
And then rebounded to positive numbers, but spread more fear Perez , it's what the media does.
ALSO REMEMBER ITS A 3 DAY WEEKEND BANK HOLIDAY MONDAY. SO THERE IS TIME FOR THINGS TO COOL OFF. OCTOBER HAS NEVER BEEN A GOOD MONTH FOR THE STOCK MARKET. BOTH THE DEPRESSION AND 87 CRASH WERE IN LATE OCTOBER. BLACK MONDAY 10-19-1987. BLACK THURSDAY 10-24-1929.
NOW FOR THE FUN FUN FUN POLITICS OF THIS SITUATION…IF NOT FOR DEMOCRATS AND THEIR "EVERYONE DESERVES A HOUSE AND MORTGAGE" RHETORIC THIS PROLLY WOULD HAVE NEVER HAPPENED. WHEN SOMEONE WHO ONLY MAKES 35K A YEAR TAKES A NOTE ON A 300K HOME…WHAT ARE THE ODDS OF THEM BEING ABLE TO PAY IT OFF?? WHAT HAPPENS TO THE NOTE ON THE HOUSE THAT BANKS SELL BETWEEN EACHOTHER? IT BECOMES WORTHLESS CAUSE THE GUY WHO ISN'T PAYING ON HIS MORTGAGE MAKES THE WHOLE CHAIN OF PAPER TAINTED. SO…THEN THE CREDIT LINES DRY UP THEN BANKS FAIL…THEN THE MARKET LOSES 20% OF ITS VALUE….JUST LIKE THIS WEEK.
NOW THE FINAL NUMBER FOR THE DOW TODAY IS -128.00 WHICH IS A DAMN SIGHT BETTER THAN THE -600. IT WAS AT 2PM
Re: vengance – Democrats didn't force people to buy homes they cannot afford. It was a choice made by INDIVIDUAL MORONS.
I'M BUYING A SHITLOAD OF STOCK IN EXPLOSIVE DIARRHEA MEDICATION!
It would appear that the past 7 days have gone a long way toward flushing out the faint of heart. I wouldn't be surprised if things don't start to turn around soon. When the dollars from the bailout begin to flow, we should see the market start to turn the corner. I even heard Kelsey Grammer say he's looking at the market as a buying opportunity (not that he's an expert but he went on to say he got out of the market in July - foresight?). Hopefully the fear will pass and clearer heads will emerge.