Gothamist: Dow Closes Down 668 Points to Under 9,000

pkgrip

Fri, 10 Oct 2008 19:27:52 -0500

Vageta what does the scouter say about the points of the stock?!?????

NYCSniper

Fri, 10 Oct 2008 10:00:05 -0500

People are so brainwashed by Obama, they truly believe he is the messiah and will fix all our problems magically. Be careful, sheeple. When you travel with the herd, you often end up on the chopping block.

VanessaNYC

Fri, 10 Oct 2008 08:49:02 -0500

"Buy stocks after the election, if Obama wins then you will see stabilization, if McCain wins then you will see armageddon." BabyHitler, I agree.

NYCSniper

Fri, 10 Oct 2008 08:38:19 -0500

>if obama wins then you will see stabilization, if McCain wins then you will see armageddon. Wanna bet on that? From what I'm hearing, a lot of the uncertainty on Wall St. is coming from the fact that B.O. is the clear front-runner now.

99centmenu

Fri, 10 Oct 2008 01:10:12 -0500

Interesting that gets brought up; a quote that constantly comes to mind when I read about the stock market is "It's a huge shit sandwich and we're all gonna have to take a bite."

rsox

Thu, 09 Oct 2008 23:06:02 -0500

The world is financially multipolar now.

edEx

Thu, 09 Oct 2008 22:45:26 -0500

a great time to buy!

Felix Hoenikker

Thu, 09 Oct 2008 21:53:56 -0500

Sir, permission not to take Rafterman with me?

babyhitler

Thu, 09 Oct 2008 20:52:15 -0500

DO NOT BUY STOCKS! everyone thought the floor was 10,000 then people thought it was safe to buy then stocks rebounded, then they realized it wasn't then it fell again, then they thought 9,500 was the floor it wasn't. Buy stocks after the election, if obama wins then you will see stabilization, if McCain wins then you will see armageddon.

NannyState

Thu, 09 Oct 2008 20:06:04 -0500

This is the perfect time to buy...so go buy yourself a shot of whiskey.

realist

Thu, 09 Oct 2008 19:45:18 -0500

Sir, does this mean that Ann-Margaret's not coming?

qwerty

Thu, 09 Oct 2008 19:17:12 -0500

Don't jump in too soon kids. It's gonna find a floor, rebound, and then REALLY crash.

JacqueMehoff

Thu, 09 Oct 2008 19:05:31 -0500

I picked a good week to get a case of Sapporo ichiban ramen.

tingo

Thu, 09 Oct 2008 19:02:23 -0500

So is this a market crash/ collapse? If so, will it be worse than '87? How do you think the city will be affected?

Politburo

Thu, 09 Oct 2008 18:23:18 -0500

Well played, blabla.

JacqueMehoff

Thu, 09 Oct 2008 18:11:29 -0500

This is GREAT news! there I said it. Lower baby, lower. freeeeee market, capitalism, darwism, labia faire yada yada yada. this is GREAT news! best news I've heard all day.

blablanyc

Thu, 09 Oct 2008 17:53:26 -0500

Analysts are blaming the return of short selling for today's incredible decline. You can only speculate if that is true.

babyhitler

Thu, 09 Oct 2008 17:50:14 -0500

BUSH IS A DICK! He's not done with us either. He's gonna open up America's mouth and take a steaming pile on it.

hitlerbaby

Thu, 09 Oct 2008 17:27:46 -0500

orly?!

matty

Thu, 09 Oct 2008 17:25:29 -0500

no you are.

hitlerbaby

Thu, 09 Oct 2008 17:23:59 -0500

matty, shut the fuck up. what are you? the voice of reason? you're a piece of shit!

matty

Thu, 09 Oct 2008 17:17:29 -0500

"This will affect a lot of people, but in the long run, I think it had to happen. If you're a young family earning around $100K per year or so, you can't even afford to buy an actual house in a nice neighborhood anywhere more than an hour or more from NYC. That's just not right. Hopefully this brings prices back down to reality." With a corresponding drop in family income NYC housing prices are going to be just as out of reach as they always were.

drewo

Thu, 09 Oct 2008 17:17:23 -0500

Seems like the money managers don't want to hold stocks overnight - perhaps why we've seen such late-day drops the last few sessions. Otherwise, any kind of bad news overnight and they're helpless come the next days opening.

Ph

Thu, 09 Oct 2008 17:17:02 -0500

The down will bottom at around 4-4.5K, right where it was around '93 before we went on the largest expansion in history, which is now over. Then it'll creep up in a reasonable pace until some world changing technology hits and we go on another expansion spree...followed by another down period...repeat ad infinitum. You heard it here first.

ChampionOfTheSun

Thu, 09 Oct 2008 17:11:49 -0500

This will affect a lot of people, but in the long run, I think it had to happen. If you're a young family earning around $100K per year or so, you can't even afford to buy an actual house in a nice neighborhood anywhere more than an hour or more from NYC. That's just not right. Hopefully this brings prices back down to reality.

blablanyc

Thu, 09 Oct 2008 17:09:34 -0500

The USA is a socialist society. Iceland is becoming a third world nation. Hey! Oil pricies are dropping!

matty

Thu, 09 Oct 2008 17:04:44 -0500

"oh no no more coke and whores for rich wite men anymore. The sky really is falling. " The ignorance of people who think this won't affect anyone but wall street types is so funny. I mean, who do you think you are? Someone who doesn't participate in the economy?

Reflect

Thu, 09 Oct 2008 17:02:59 -0500

oh no no more coke and whores for rich wite men anymore. The sky really is falling.

ChampionOfTheSun

Thu, 09 Oct 2008 16:59:18 -0500

We don't need no water ...

Polemicist

Thu, 09 Oct 2008 16:48:54 -0500

The DOW is going to 7,500 at least, probably down to 5,500.

moonyap

Thu, 09 Oct 2008 16:47:46 -0500

just saw this today: so topical!!! http://sadguysontradingfloors.tumblr.com/

Steven

Thu, 09 Oct 2008 16:46:49 -0500

Could we be seeing 5,000 Dow?

chuzzlewit

Thu, 09 Oct 2008 16:46:11 -0500

its time to invest. in the company that makes smack ramen.

sidenote

Thu, 09 Oct 2008 16:41:23 -0500

Sky is falling. This thing is going to be fucked for years.

matty

Thu, 09 Oct 2008 16:40:52 -0500

did this happen in the past hour? wtf?

99centmenu

Thu, 09 Oct 2008 16:39:15 -0500

I came here to post that as well, thinking I was going to have the best comment in this entire post. My dreams, much like our economy, lie in ruin.

JenChungsBra

Thu, 09 Oct 2008 16:38:21 -0500

As someone who's been invested waaaay too conservatively for years, I say let it slide baby. Because when it bottoms out I'm jumping in. It's like a reset to the early 90s. Take advantage of it if you can.

Ph

Thu, 09 Oct 2008 16:36:47 -0500

Shit, Rob beat me too it.

fakenewyorker

Thu, 09 Oct 2008 16:32:36 -0500

shit is real now

Rob T Firefly

Thu, 09 Oct 2008 16:30:12 -0500

It's under NINE THOUSAAAAAAAAAAND!