Dow 12/1/08 close 8,149.09 down -679.95 -7.70%
Submitted by meekandmild on Mon, 12/01/2008 - 15:58
Previous Close 8,829.04 Volume 213.63 Mil
Open 8,826.89 52 Week High 13,780.11
Day's High 8,827.05 52 Week Low 7,449.38
Day's Low 8,153.39
»
Sometimes
....when I see the stock market go down this far, a part of me is worried and sad , but part of me is thinking 'Take that you f'ing assholes!' Anyone else secretly feel that way or am I just sick and twisted?
Like RP says
let it crash, the recovery will be a lot quicker.
Food for thought...
With any positive number, X % decrease is always going to carry more weight in point value than X % increase. Example:
The DJIA is at 8000. A 5% drop is -400 points, leaving it at 7600.
The DJIA is at 7600. It rallies 5%, or 380, leaving it at 7980.
The DJIA is at 8000. A 5% rally adds 400 points, leaving it at 8400.
The DJIA is at 8400. A 5% drop removes 420 points, leaving it at 7980.
Not that this really means anything, but I find it amusing that the CNBC pundit squad get super excited about a big rally day that hits 5-7%. A similar drop will always undo the rally plus some. Until the Dow hits -1 that is.
"The sinews of war are infinite money" ~ Cicero
"The sinews of war are infinite money" ~ Marcus Tullius Cicero
"Until the Dow hits -1 that is." haha
That just may happen, I've been calling for an ounce of gold to buy the dow...They ALL say I'm a nut.
We'll see.
How could the market not crash today
First we had a speech by g.dummy,then helicopter ben,
and to top it off paulson hadda throw in his two cents. idiots are running the economy into the ground. have a nice ride.
Love
It!
I bought a big long-term position in the SPY at the close.
Was waiting for this move to test the 815 level. This big down move today was a gift for anyone that missed the buying opportunity at dow 7600.
If we break 815 I don't care. I just add to the position, as I've got a lot of cash and margin still. As long as the market doesn't tank another 40%, which is highly unlikely, I'm fine for the long term. No guts, no glory.
They are already out
throwing grease on the fire. MSM Paulson will expand bailout. Hundreds of more banks will be considered. Oh brother, someone reel this guy in. Meanwhile, back at the ranch WAMU who supposedly has been made all better by being bought by JPMorgan/Chase will have 9,200 jobs cut.
bump
http://www.votenader.org/blog/2008/09/10/statement-to-ron-pa...
http://www.flickr.com/photos/57925480@N00/2660779139/sizes/l/
Website:
http://www.libertypoet.com/
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"How can we justify to the unemployed and underemployed in the United States the incredible cost of maintaining a global empire?" - Dr. Ron Paul
Can't help but think
someone or a lot of someones are getting very rich over these wide swings.
Dow has been bouncing back and forth since September.
Seems everytime a down market is wanted Paulson is sent out to give one of his toxic speeches.
Wonder what or who will be used to bounce it up this time.
If the pattern holds the Dow will be back up in a few days.
Oh, yes! Same here! And I've
Oh, yes! Same here! And I've noticed every time the Dow goes down big and I predict that the next day it will go down even more, the wretched thing goes back up with an incredible high! It's that bloody David Rothschild and David Rockefeller who are playing Marketeer again! Damn, why don't they just play Russian Roulette and lose to get shot! I think we need to send the globalists a cyberattack to destroy their system.
If you thought that was bad ...
SAO PAULO SE BOVESPA INDEX
Down: -1855.37
Source: http://data.cnbc.com/quotes/BR%3bIBOV
-
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MSM Report: http://www.msmreport.com/
Canada TSE down 865 pts
http://www.votenader.org/blog/2008/09/10/statement-to-ron-pa...
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"How can we justify to the unemployed and underemployed in the United States the incredible cost of maintaining a global empire?" - Dr. Ron Paul
Ouch. Was that a record for them?
If I remember right ours was the 778 drop in September. It will be interesting to see what the Asian markets do this evening.
BRAZIL only down 5% comparatively
Yes, the big players keep initiating the climb back up, then the suckers come in and stimulate the market until the big boys want to take their profit and start the cycle over again. They will play the fools as long as there are fools. Like fish at the poker table baby!
beephree
Holy crap!
More than I expected from a single day. I didn't think we'd get that low till Wednesday!
I may not know the truth, but I know when I'm being lied to...
I may not know the truth, but I know when I'm being lied to...
I bought about 6
small bottles of Bourbon today to use for barter. LOL I had a friend with me she could hardly believe it and the check out girl either. LOL A couple fellows looked like they would have followed me home like puppy dogs. LOL
I guess they thought I was a alcoholic. LOL I hope Bourbon holds up and doesn't get old. Does anyone know does it have an expiration date?
Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.
I invested just now in this %
http://www.holsten.com/
http://www.votenader.org/blog/2008/09/10/statement-to-ron-pa...
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Website:
http://www.libertypoet.com/
Twitter:
http://twitter.com/LibertyPoet
"How can we justify to the unemployed and underemployed in the United States the incredible cost of maintaining a global empire?" - Dr. Ron Paul
I think bourbon ages well
..
http://www.ronpaulbrochure.com/
http://www.dailypaul.com/donate
tobacco will also be good...
for barter...i bought some prince albert in a pouch and a can of "top" tobacco...i'm thinking you can sell them like in the third world countries...by the "stick"
O Captain, My Captain, rise up and hear the bells!
its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
I have a customer
Who does maintenance work at a convenience store in the hood,about 20 miles south of me. Who has told me this several times.
The store sells individual cigarettes for 45 cents a piece. They also sell individual beers for $1.50 a piece, and the folks happily buy them because they can't afford a whole pack of cigarettes or a whole 6 pack of beer.
Thank you Dr. Paul for making me act on what I already knew was right.
*May the only ones to touch your junk, be the ones you want to touch your junk.*
Gets better and better no expiration date
Thank you Dr. Paul for making me act on what I already knew was right.
*May the only ones to touch your junk, be the ones you want to touch your junk.*
Food, smokes, alcohol,
guns, ammo, good for barter. Could even be better than silver and gold. you can't eat silver or gold.
Things could never
get so bad you barter off guns and ammo unless you have some to spare.
Kill a deer and barter it instead.
"Tyrants fear nothing more than insubordination"
"It's just one big club... and WE ain't in it!"
But you can certainly serve up lead.
I may not know the truth, but I know when I'm being lied to...
I may not know the truth, but I know when I'm being lied to...
Gold down $40+, Silver down $0.60+ ....
If precious metals are sought by RPs, now is perhaps another opportunity to buy.
RP on Glen Beck
Beck "Do things have to get THAT bad before we wake up?"
RP "Well, it's hard for me to believe that we could be THAT stupid, but..."
"Tyrants fear nothing more than insubordination"
"It's just one big club... and WE ain't in it!"
When did RP say that to Glenn?
Do you have a link?
Ouch
Mercy me.
It is taking all of my willpower not to send out an email blast that says, "Anyone wish Ron Paul was President yet?" I would love to confront some of the idiots who would not be convinced and say, "What do you think now???"
Will the DOW close
in the low to mid 7000's tomorrow or will PPT be printing money all night to hold it up?