No Snow Day For the Dow

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.

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By Jen Chung in News on March 2, 2009 9:02 AM

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Zyskandar A. Jaimot

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!!!

Brooklynbobby

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!

NannyState

Seconded!

Zyskandar A. Jaimot

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.

Zyskandar A. Jaimot

to Brooklynboobby - Anytime Anywhere SHITHEAD!!! YOU FOOKN PATHETIK DEMBHOLEDOUCHESBAG!!! STOOPID WANKER!!!

Felix Hoenikker

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.

Bottomless Chips

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.