Dow Jones : - 679.95 ???? OUCH!

POSTED BY: AURaptor
UPDATED: Wednesday, December 3, 2008 13:09
VIEWED: 1033
PAGE 1 of 1

AURAPTOR

Monday, December 1, 2008 9:57 PM

And here I thought the news was good from 'Black Friday' and all.

Day-um!

It is not those who use the term "Islamo-Fascism" who are sullying the name of Islam; it is the Islamo-Fascists. - Dennis Prager

" They don't like it when you shoot at 'em. I worked that out myself. "

WHOZIT

Monday, December 1, 2008 10:12 PM

....and Barry reaches for a bagel....

I'm going to microwave a bagel and have sex with it - Peter Griffin

SIGNYM

Monday, December 1, 2008 10:23 PM

Has to do with the NBER's report saying we've been in a recession since Dec 2007. (No shit, Sherlock!)
http://money.cnn.com/2008/12/01/news/economy/recession/index.htm

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Let's party like its 1929.

ELVISCHRIST

Monday, December 1, 2008 11:44 PM

Also has to do with FEARS by the Asian markets that the Thanksgiving shopping weekend in the U.S. wasn't going to be all that great. They were "reacting" before they even heard that things were better than expected, which sparked yet another mini-panic on Wall Street.

JEWELSTAITEFAN

Wednesday, December 3, 2008 4:35 AM

Georgia is safe from Dems, Dow jumps up.
Saxby Chambliss won, giving the market a boost.

RIVERLOVE

Wednesday, December 3, 2008 1:09 PM

Quote:
Originally posted by jewelstaitefan:
Georgia is safe from Dems, Dow jumps up.
Saxby Chambliss won, giving the market a boost.

The market closed at 4:00, and Chambliss' victory wasn't called until the late evening. These large market fluctuations have been predicted, and are the results of big-monied speculators manipulating the market, just like they did when they artificially ran up oil to $ 140. Wall Street needs a lot of changes and new rules. Stock prices need to go back to basics, and be based on something real, not just a bunch of rich fat-cats bidding it up and down at their whim. What ever have to fundamentals? I'm still waiting for arrests and prosecutions. What is the Justice Dept. waiting for? Little fish like us should avoid the market altogether, because we are all just leaves on the wind in this circus.