0 votes

Breaking: Dow ends with 400-point loss 11/12/08

Dow ends with 400-point loss, pushing the 3-day drop to about 650, on concerns about retail and banking sectors.

http://money.cnn.com/

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

NO THANKS!

"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
---

government of the people, by the people, for the people
---

suit yourself...they're giving it away lol..

Food,handguns,ammo,gasoline,gold,silver.
My garage is bursting @ the seams!

HAHAHA, GARAGE SALE COMING?

"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
---

government of the people, by the people, for the people
---

YES!!!

when you're nearly broke and starving I'll sell ya' some Mountain house fd w' a 30 year shelflife cheap...jus' because yer a part of the r{EVOL}ution.

400 pts. lmao

The media doesn't even mention a measley 400 point drop anymore,
they know now that we're looking for a multi-thousand point drop soon.

The NY Times

The NY Times was running a realtime chart of the stock market on the front page of their web site up until election day. Then they removed it.

Ĵīɣȩ Ɖåđşŏń

"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

One story today said that investors were unhappy that the

bailout money, that was going to purchase toxic securities, is now, according to Paulson's direction, going to purchase stock in banks instead. Another story now says that democrats are urging the purchase, by the U.S. government, of ownership positions in the U.S. automobile manufacturers.
_________________________________________
"An economy built on fiat money is a society on its way to ashes."

_________________________________________
"An economy built on fiat money is a society on its way to ashes."

I got me some of that SDS

SDS is an exchange traded fund (ETF) that is "double short" the S&P 500. Up 9.78% today. Your mileage may vary.

Don't be surprised if there is a big rally. Some of the biggest up days in history came when the market was crashing during the previous Great Depression.

Ĵīɣȩ Ɖåđşŏń

"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

If you think "double short" is a big bang for the buck -

imagine how the options on this baby trade! When the dollar finally busts you can get the same SDS effect on long term treasuries by doing the TBT fshort fund ETF on 20 + year bonds. Good luck JD I'm staying short for at least 3 more trading days!

"The question is not who will let me- the question is who will stop me" - Ayn Rand

"The question is not who will let me- the question is who will stop me" - Ayn Rand

I guess you're feeling great

I guess you're feeling great today!

All of the glee at falling prices is really disturbing.

northstar's picture

Stock market lost about $1 trillion in the last 3 days

The stock market has lost about $1 trillion over the past three days, according to the Dow Jones Wilshire 5000 index, which reflects the value of nearly all U.S. stocks.

Yahoo Finance: http://biz.yahoo.com/ap/081112/wall_street.html

-
Show your support on the Ron Paul Map !
People worldwide support Dr. Paul too :-)
http://www.pollingmatrix.com

Real eyes realize real lies

We want our country back

Every year is a year for Ron Paul!

where did it go?

--------------
if you build it he will come..........Ron Paul 2012.
digg http://digg.com/autos/First_Genuine_Chevy_Volt_to_be_Complet...

Some people would have you

Some people would have you believe that the money is being destroyed, simply because stock prices have dropped.

In reality, a stock is not currency and currency is not stock. Stocks are assets which have a value that is calculated in dollars.

That $1 trillion dollars........ the people who sold those stocks still have the money. It's not actually "lost" or destroyed, it's sitting in someones wallet, bank account or wherever they decided to put or spend it.

...

The $700bn*** (£494bn) US

The $700bn*** (£494bn) US bail-out package has already "clearly helped stabilise"*** the financial system, US Treasury Secretary Henry Paulson has said.

***actually about $3 trillion now
***clearly helped destroy the dollar

"One man with courage is a majority." ~ Andrew Jackson

Spend your money NOW

Spend your money NOW people...on ESSENTIALS!
Food, water, defense, first aid, clothes ect.

MP76

So this is where all the sane people have been hiding.

extra gas for the car...

maybe vitamins? Eating out of a can isn't very healthy...

RP R3VOLution

WATCH IT DROP! WOOOT! the

WATCH IT DROP! WOOOT! the more it drops the more airtime paul will get. If they put money into GM they too will fail. WATCH IT BURN! All your elitists ideas will FAIL!

GO RON GO!

I don't think I

am going to get excited anymore. It is like whatever not a damn thing I can do about it. My friend just bought a pressure cooker to do canning. I think I am going to get a CB radio, I wonder if there are any American made ones.

Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.

yeah i guess since i live in ireland now

i feel i'm somewhat out of the loop so i follow things like crazy - if i still lived in New York i would be so tuned out by all this by now - even though ireland is experiencing it's own meltdown also

-------------------------------------------------------------------------
“The Roots of Violence: Wealth without work, Pleasure without conscience, Knowledge without character, Commerce without morality, Science without humanity, Worship without sacrifice, Politics without principles." - Mahatma Gandhi

----------------------------------
"The essence of freedom is the proper limitation of government". ~ Founding Fathers

I've always wanted to visit

I've always wanted to visit Ireland... any bargains for travelers that you know of?

..................
"The main thing that I learned about conspiracy theory is that conspiracy theorists actually believe in a conspiracy because that is more comforting. The truth of the world is that it is chaotic..." —Alan Moore

if you're thinking of travelling to Europe

i would convert some dollars into euros RIGHT NOW since the dollar is perversely strong right now. Ireland is not a bargain holiday - it's expensive here.

-------------------------------------------------------------------------
“The Roots of Violence: Wealth without work, Pleasure without conscience, Knowledge without character, Commerce without morality, Science without humanity, Worship without sacrific

----------------------------------
"The essence of freedom is the proper limitation of government". ~ Founding Fathers

What's Ireland going

What's Ireland going through, as far as a meltdown goes?

Thanks.

where do i start?

Housing bust (prices for average house were over 10 times the average industrial wage at the height of the boom, 100% mortgages, reckless lending, repossessions up), substantial budget deficit, unemployment has almost doubled since beginning of year, Ireland was the first country in Europe to guarantee ALL banking (i.e. no upper limit they guaranteed ALL banking deposits regardless of of amount) etc, etc - same happening in UK - this truly is a global meltdown.

finfacts.ie is a good site for Irish economic data
http://finfacts.ie/

-------------------------------------------------------------------------
“The Roots of Violence: Wealth without work, Pleasure without conscience, Knowledge without character, Commerce without morality, Science without humanity, Worship without sacrific

----------------------------------
"The essence of freedom is the proper limitation of government". ~ Founding Fathers

The DOW is manipulated like crazy

There is no way that it is hanging in there like it is with the miserable news coming out. It's being propped up, yet still falling. It should be tanking.

There doing the best they

There doing the best they can to keep the house of cards up but they are failing.