Monday, October 06, 2008

Dow 10k


We won't know the extent of the damage or whether the heat shield is intact until we separate.

13 comments:

wagga said...

To the first approximation, fast chemistry & finance are a very bad match.

w said...

Whew! Jim Cramer told me just in time. I better subscribe to his Action Alerts.

Property Flopper said...

I'm so glad we're dumping $700 BILLION into this mess, otherwise it might get ugly...

Peripheral Visionary said...

Say, how well is that short sale ban working out these days?

And eternal words of wisdom (from the fortune cookie from my lunch):

"Nothing is more dangerous than sincere ignorance."

Story of the markets.

Bill in NC said...

Back to 2002 - DJIA 7200?

Pleather Murse said...

What's scary is that the excuse Friday was the old "buy on the rumor, sell on the news." What's the excuse now?

Nationalizing Fannie/Freddie was supposed to be the Fed's "howitzer," and the failout bill was the "nuke." I suggest they are out of ammo (maybe arrows ...)

Pleather Murse said...

If we're heading for deflation take a look at the long dollar ETF (UUP.) The only thing I like right now.

Peripheral Visionary said...

Good thing the bailout bill passed, otherwise the markets would be panicking right now.

segfault said...

Time to cut the Fed funds rate so that companies can invest in the economy through the effective use of leverage.

Property Flopper said...

If we give them another $700B, can we get the DOW below 7,000?

How much to get it below 5,000?

Love this free market economy.

Pleather Murse said...

Paulson was quoted as saying "Its all good." He then retired to his office for some massive focused action (i.e. nap.)

Rob Dawg said...

Goldspring back under 2¢.

Lost Cause said...

Did you really expect a bunch of criminal liars to be telling the truth about the bailout? Do you think that the United States is somehow immune to kloptocracy that is so rampant everywhere else in the world and in history?