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There may be a snow storm outside, but that doesn't mean Wall Street can avoid the bad news: Stock futures are falling on news of the additional $30 billion AIG secured from the federal government. Stocks fell in Asian and have dropped in Europe—and Warren Buffett's words that the U.S. economy is in shambles ain't helping either. A London portfolio manager told Bloomberg News, "Things are getting worse. The economy is still deteriorating and bad debts are still going to appear." The Dow is expected to drop under 7,000 points today, though it's unclear where it'll end up.
No Snow Day For the Dow
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Wait until more universal health care-like bills come out. We'll see Dow 5000.
And then once inflation kicks in, it will be Dow 15,000 but worth under an ounce in gold.
We're fucked.
I saw a chart recently overlaying the current % drop to that in '29. If history repeats itself, we're only half way down.
It didn't hit break even til the 50's, IIRC, and that was after WW2 and massive cold war expenditures.
You wanted this BLACK MARXIST 'TALKER-of-DOUBLESPEAK' to be PREZ - YOU GOOTEM' BARACH'incurably-dishonest'OBAMA + his 'SHARE-the-WEALTH/TAX EVERYBODY-despite-the-LIES' is responsible for the NYStock exchange averages dropping more than 3500+ points since his coronation!!! MOODY MARXIST DAYS OF OFF-MAUVE ARE HERE TO STAY GET USED TO IT!!! DEMBHOLE MORONS!!!
Zyskandar, did anyone ever tell you that you are one pathetic asshole? Let me be the first. Oh, yeah, while, I'm at it, fuck off and die!
to Brooklynboobby - Anytime Anywhere SHITHEAD!!! YOU FOOKN PATHETIK DEMBHOLEDOUCHESBAG!!! STOOPID WANKER!!!
Seconded!
to NinnyState - Another DEMBHOLE-DOUCHESBAG what a surprise NOT!!! SO ERUDITE, SO ORIGINAL, SO PATHETIKALLY LACKING IN THOUGHTS OR WRITING SKILL!!! YOUSE ARE A SHITEATER. Open your mouth - got another load for you - you DOUCJESBAG!!! Ha.