Dow crashes 280 points! Go Obama!

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  • Splum
    Confirmed User
    • May 2003
    • 6195

    #1

    Dow crashes 280 points! Go Obama!

    Dow down 4.1%
    Nasdaq down 4%
    S&P down 4.3%
    Wilshire down 4.3%
    etc etc etc

    Obama quote:
    As Wall Street tumbles, President Barack Obama offered up some investing advice on Tuesday, telling a wary nation that stocks are becoming a "a potentially good deal"..
  • Brad Mitchell
    Confirmed User
    • Nov 2001
    • 9813

    #2
    fuuuuuuuuuuuuuuuuuuuuuuuuck
    President at MojoHost | brad at mojohost dot com | Skype MojoHostBrad
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    Comment

    • xNetworx
      So Fucking What
      • Jan 2004
      • 14445

      #3
      The end is near.

      Comment

      • IllTestYourGirls
        Ah My Balls
        • Feb 2007
        • 14311

        #4
        You have to think long term. Like 75 years.

        Comment

        • Reak AGV
          Confirmed User
          • Dec 2004
          • 4283

          #5
          Owh my god, the world is coming to an end!!

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          • skrog
            Confirmed User
            • Feb 2003
            • 7230

            #6
            Fucking crash already. I am sick of hearing about it.
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            • CIVMatt
              Amateur Pimpin
              • Aug 2004
              • 13075

              #7
              Go Obama Go!!!! Welcome to change....

              Jim Cramer talking right now about how this is not the guy he voted for and he doesn't know what the fuck he's doing
              Make easy money with Webcams

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              • notime
                Confirmed User
                • Jun 2003
                • 8027

                #8
                Yesterday went ok and all went up.
                Not so good today.

                Comment

                • DaddyHalbucks
                  A freakin' legend!
                  • Feb 2004
                  • 18975

                  #9
                  I wish I could say this is not what I expected from socialism, but...

                  Boner Money

                  Comment

                  • WhiplashDug
                    ICS Graphics Dude
                    • Aug 2006
                    • 3438

                    #10
                    watch the markets... everytime Mr. President breaks out his teleprompter and gives a speah... within about an hour there is a big sell-off. Its getting so that you will be able to set your clock to it.

                    And i heard what Cramer was talking about... perhaps we should take a lesson on economics from China, it looks like they got it right!
                    Was a graphics master for Lensman @ Adult.com but now... I can't tell ya cause it aint top secret.
                    ...........
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                    [email protected]
                    ICQ: 303-498-056
                    skype: whiplashdug

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                    • messiah1
                      Confirmed User
                      • Nov 2002
                      • 549

                      #11
                      Socialism for corporations = fascism, socialism for the common folk = socialism. .
                      A left leaning socialist would have gave the poor, working class most of the bailout money.

                      Comment

                      • BlackCrayon
                        Too lazy to set a custom title
                        • Jun 2003
                        • 19634

                        #12
                        Originally posted by WhiplashDug
                        watch the markets... everytime Mr. President breaks out his teleprompter and gives a speah... within about an hour there is a big sell-off. Its getting so that you will be able to set your clock to it.

                        And i heard what Cramer was talking about... perhaps we should take a lesson on economics from China, it looks like they got it right!
                        Yeah. Looks like they got it right

                        you don't know you're wearing a leash if you sit by the peg all day..

                        Comment

                        • notime
                          Confirmed User
                          • Jun 2003
                          • 8027

                          #13
                          Originally posted by WhiplashDug
                          watch the markets... everytime Mr. President breaks out his teleprompter and gives a speah... within about an hour there is a big sell-off. Its getting so that you will be able to set your clock to it.


                          I was thinking something similar too. Mr. P does his speech and persuades people to buy stock, since it's so low and everybody should buy(!). Then it goes up 3% just to see it go down 4% a day later.
                          Small time players or consumers will never be bailed out. I guess that is good for any government IMO moneywise.
                          Not bashing anything here. Just witnessing it all happen.

                          Comment

                          • Pleasurepays
                            BANNED - SUPPORTING TUBES
                            • Aug 2002
                            • 11913

                            #14

                            Comment

                            • GirlBri
                              Confirmed User
                              • Mar 2009
                              • 214

                              #15
                              Yes. He alone brought about this crisis. No one else played any role in it whatsoever. True story.

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                              • PornMD
                                Mainstream Businessman
                                • Jan 2007
                                • 9291

                                #16
                                Damn...if I would have sold short one of the stocks I sold just a couple weeks ago, I'd have made over 30% - it dropped nearly 19% today alone! And Obama's telling me to BUY? lol
                                Want to crush it in mainstream with Facebook ads? Hit me up.

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                                • Drake
                                  Hello world!
                                  • Mar 2003
                                  • 12508

                                  #17
                                  Originally posted by messiah1
                                  Socialism for corporations = fascism, socialism for the common folk = socialism. .
                                  A left leaning socialist would have gave the poor, working class most of the bailout money.
                                  Your nickname is Messiah. Are you Obama?

                                  Comment

                                  • $5 submissions
                                    I help you SUCCEED
                                    • Nov 2003
                                    • 32189

                                    #18
                                    Like I keep saying, if the US follows Japan's lead during the "lost decade" of the 90s, the "bottom" of the Dow Jones Industrial average will be 20% of its record high of 14000... 2800. We're still 4000 points away from the bottom. I hope this doesn't happen and I hope I'm wrong. But I think all these bailouts and stimuli will have MASSIVE unintended consequences.

                                    Comment

                                    • Drake
                                      Hello world!
                                      • Mar 2003
                                      • 12508

                                      #19
                                      Originally posted by $5 submissions
                                      Like I keep saying, if the US follows Japan's lead during the "lost decade" of the 90s, the "bottom" of the Dow Jones Industrial average will be 20% of its record high of 14000... 2800. We're still 4000 points away from the bottom. I hope this doesn't happen and I hope I'm wrong. But I think all these bailouts and stimuli will have MASSIVE unintended consequences.
                                      I agree . . . the consequences of the bailout are playing itself out. It was a horrible move. I sure hope it works (or at least that the economy recovers in the next year, which the admininstration will attribute to the bailout), but I just don't know.

                                      Comment

                                      • nikki99
                                        Supermodel
                                        • Nov 2004
                                        • 23072

                                        #20
                                        Originally posted by pimpporn
                                        The end is near.
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                                        • WhiplashDug
                                          ICS Graphics Dude
                                          • Aug 2006
                                          • 3438

                                          #21
                                          Originally posted by $5 submissions
                                          Like I keep saying, if the US follows Japan's lead during the "lost decade" of the 90s, the "bottom" of the Dow Jones Industrial average will be 20% of its record high of 14000... 2800. We're still 4000 points away from the bottom. I hope this doesn't happen and I hope I'm wrong. But I think all these bailouts and stimuli will have MASSIVE unintended consequences.
                                          Well - the current P/E rationof the DOW is about 14. In past recessions, the trough was usually about 7-8 P/E. That puts the down bottoming out somwhere around 3000.
                                          Was a graphics master for Lensman @ Adult.com but now... I can't tell ya cause it aint top secret.
                                          ...........
                                          DOUGRIDLEYDESIGNS
                                          [email protected]
                                          ICQ: 303-498-056
                                          skype: whiplashdug

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                                          • WhiplashDug
                                            ICS Graphics Dude
                                            • Aug 2006
                                            • 3438

                                            #22
                                            Originally posted by BlackCrayon
                                            Yeah. Looks like they got it right

                                            Oh... so now, government economic policies are comparable to social standards? Nice try. We are talking about economic policy... meaning, China's PRIVATE SECTOR job creation and growth in military spending.

                                            The social & environmental standards is a completely different thread.
                                            Was a graphics master for Lensman @ Adult.com but now... I can't tell ya cause it aint top secret.
                                            ...........
                                            DOUGRIDLEYDESIGNS
                                            [email protected]
                                            ICQ: 303-498-056
                                            skype: whiplashdug

                                            Comment

                                            • BlackCrayon
                                              Too lazy to set a custom title
                                              • Jun 2003
                                              • 19634

                                              #23
                                              Originally posted by WhiplashDug
                                              Oh... so now, government economic policies are comparable to social standards? Nice try. We are talking about economic policy... meaning, China's PRIVATE SECTOR job creation and growth in military spending.

                                              The social & environmental standards is a completely different thread.
                                              Their economic growth is largely in part due to the very small wages and poor working conditions they allow. Not to mention they purposely are undervaluing their currency to beat other "third world" competition.
                                              you don't know you're wearing a leash if you sit by the peg all day..

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