Dow falls below Monday's lowest point of 9525 - SpartanTailgate.com

tuff bob · 10-07-2008, 04:48 PM

down 431 for now.

wonder if theres another "miracle" rally. 13 mins left

tuff bob · 10-07-2008, 04:49 PM

doesnt look like Bush's speech helped much

TheDoctorIsIn · 10-07-2008, 04:50 PM

Below 9500. damn

tuff bob · 10-07-2008, 04:59 PM

October 2, 2003 was the last time the Dow closed below 9500. Looks a virtual certainty today.

msuferd · 10-07-2008, 05:04 PM

What did Bush say today?

"The economy is strong, and getting stronger"

IGGcitable · 10-07-2008, 05:22 PM

5000 by next spring.

Remember, the Republicans are the ones who "know how to run the economy."

The Great Danton · 10-07-2008, 05:38 PM

Quote:

Originally Posted by IGGcitable

5000 by next spring.

Remember, the Republicans are the ones who "know how to run the economy."

Neither party knows "how to run the economy," or can, effectively. Government managing of the economy leads to these problems of which the public is now becoming aware. We need to tell both parties to keep their hands off.

IGGcitable · 10-07-2008, 05:40 PM

Quote:

Originally Posted by The Great Danton

Neither party knows "how to run the economy," or can, effectively. Government managing of the economy leads to these problems of which the public is now becoming aware. We need to tell both parties to keep their hands off.

You betcha, untrammelled lassiez-faire capitalism worked so well in 1929.

msufan · 10-07-2008, 05:48 PM

This is unreal.

Robert Leroy Parker · 10-07-2008, 06:10 PM

Ugh. It is pretty disheartneing if one looks at the market daily.

As hard as it is to do it though, the time to get in the market is now. And it is too late to get out. If you take your money out now and try to get back in on the upswing (which will inevitably come), you will miss out on significant gains. Many agree that historically by the time the non-hardcore financial media declares "recession", the market is already making its recovery. The market, while massive, is simply too complex and yet more nimble than can be summarily covered in the press. A friend at Schwab shared some interesting stuff he just saw at a seminar: in reviewing the past 40 years of media coverage, when Time, Newsweek etc were at their bleakest in the their coverage of the market and using the most gloom and doom language, the market rebounded (not fully, but at least moving upward) within 30-60 days. This time may be a bit different with the global liquidity and credit issues. Who really knows? And that is the point. Ignore the TV coverage and the herd as best you can. They only repeat and follow old news.

Natron the Spartan · 10-07-2008, 06:13 PM

Quote:

Originally Posted by IGGcitable

You betcha, untrammelled lassiez-faire capitalism worked so well in 1929.

jeez I hate to agree with you.

Last Post · 10-07-2008, 06:19 PM

Quote:

Originally Posted by Robert Leroy Parker

Ugh. It is pretty disheartneing if one looks at the market daily.

As hard as it is to do it though, the time to get in the market is now. And it is too late to get out. If you take your money out now and try to get back in on the upswing (which will inevitably come), you will miss out on significant gains. Many agree that historically by the time the non-hardcore financial media declares "recession", the market is already making its recovery. The market, while massive, is simply too complex and yet more nimble than can be summarily covered in the press. A friend at Schwab shared some interesting stuff he just saw at a seminar: in reviewing the past 40 years of media coverage, when Time, Newsweek etc were at their bleakest in the their coverage of the market and using the most gloom and doom language, the market rebounded (not fully, but at least moving upward) within 30-60 days. This time may be a bit different with the global liquidity and credit issues. Who really knows? And that is the point. Ignore the TV coverage and the herd as best you can. They only repeat and follow old news.

Or who knows, when ppl are shouting recession we're already headed for a depression.

For all the ppl that say "look at the past". Let me remind you of institutions like Lehman that have been around before the stock exchange...are now gone.

If you don't think the Dow can go to 7000 or lower, and be there for10 years, maybe you're the sheep.

Too many things have changed to say "look at the past 60-70 years".

Robert Leroy Parker · 10-07-2008, 06:30 PM

Good for you, Last Post. I happen to think that history can be informative. I'll take the past performance of the market over your gloom and doom predictions based on, er, well apparently nothing but fear and cynicism cloaked as thought.
Good luck to you.

Last Post · 10-07-2008, 06:39 PM

Quote:

Originally Posted by Robert Leroy Parker

Good for you, Last Post. I happen to think that history can be informative. I'll take the past performance of the market over your gloom and doom predictions based on, er, well apparently nothing but fear and cynicism cloaked as thought.
Good luck to you.

the problem is, you're taking very general events and pretending everything stays the same.

when Bernanke says this is an HISTORIC event, maybe you should heed his warnings