Stock market slide

[REDWAVE]

The stock market has been dropping every day the last few trading days. Today it lost almost two hundred points. It had a big rally leading up to the election, because investors were expecting a Republican victory, knowing that would be good for big business. Now that it's happened, the dismal economic fundamentals have kicked back in, and the market has resumed its inexorable downward slide.

Once the big Iraq attack begins in earnest, the bottom will likely fall out of the stock market, and the price of oil will probably spike.

 

[Spinaroonie]

It had a big rally leading up to the election, because investors were expecting a Republican victory, knowing that would be good for big business.

Ever hear of the intrest rate?

 

[Guru]

 

[REDWAVE]

Spin

Don't follow you there. Elucidate, please.

 

[REDWAVE]

Guru

I am but a mirror of reality.

 

[Spinaroonie]

Re: Spin

Don't follow you there. Elucidate, please.

Investors pretty much know when the interest rate is gonna go down. When the rate goes down there's a one or two day boom. So you take that and the replacement of the SEC chair and you get a pretty nice boom election day and the day after.

Not because investors knew the outcomes. We thought this one would be competitive, remember?

 

[teddybear4play]

Re: Guru

I am but a mirror of reality.

More like a window, because everyone can see right through you.

At least you spared us your faulty conclusions.

TB4p

 

[HeavyStick]

Re: Guru

I am but a mirror of reality.

A very ugly reality. How about cleaning the mirror and changing AV's?

 

[REDWAVE]

I disagree

Well, I don't know, Spin. The market rally went on for about two weeks before the election. Obviously, that wasn't caused by the fed's interest rate cut, which occurred just after the election.

And now that the prime rate is down to 1.25%, the Fed has very little room left to cut.

 

[Spinaroonie]

Re: Guru

I am but a mirror of reality.

I am the radioactive cesspool of the imagination

 

[REDWAVE]

Yes?

Your point being what, Spin? Wouldn't you agree that modern civilization is a radioactive cesspool?

Or as D. H. Lawrence put it (very succinctly!): "Modern civilization is insane."

 

[Spinaroonie]

Re: Yes?

Your point being what, Spin? Wouldn't you agree that modern civilization is a radioactive cesspool?

Or as D. H. Lawrence put it (very succinctly!): "Modern civilization is insane."

As D. L. Hughley put it "Shut yo mouth"

I was just juxtaposing your quote and your sig, that's all.

 

[Problem Child]

Once the big Iraq attack begins in earnest....the price of oil will probably spike.

Wow, you really think the price of oil will go up if we have a war in the mideast?

My God, man, you're a fucking genius!

 

[70/30]

He brought it up because people like SINth were creaming about how the market was climbing because it looked like the CONs would fully dominate Washington. The most I'll say is: certain industries will benefit.

 

[scylis]

*runs around, waving my arms and screaming*

THE SKY IS FALLING! THE SKY IS FALLING! OH MY FUCKING GAWD, THE SKY IS FALLING!

 

[REDWAVE]

The sky isn't falling, but the stock market is.

 

[phrodeau]

Wel, I for one am glad that even if the price of gas triples, I can still afford to fill my tank.

REDWAVE, now's the time to invest. How much are you going to put in?

 

[Jean Val Jean]

Here's Sin's view...

I said, and I will say again, the market will go neither up or down for some time, but tend to go sideways. It's too high now, again, that undying American optimism and the I feel lucky nature of the market. There will be a dip from the war and then a boom when America realizes RED_man/30's doom and gloom scenarios about the Mighty Iraqi Military was just a load of uninformed crapola.

And bin Lauden's dead too.

 

[Lost Cause]

Old news...

Might as well be reading stock results from the Times in 1990-91.
If anything good came from 9/11, it exposed our institutional weaknesses, which are being revised as we write. It'll make us stronger economically so alot of these welfare companies will have to sink or swim. The massive layoffs accelerated the crunch, mine started the day of the attack. (I worked the 767 assembly line)
If we don't morph into partisan blockage of sound fiscal measures to be passed, then this temporary slide will bottom out and recover. Trust me, it'll happen sooner or later. You just gotta think like a capitalist man!

 

[Jean Val Jean]

I'm buying on the way down.

But then I also sold high.

Go figure.

 

[bknight2602]

Re: Guru

I am but a mirror of reality.

Your reality pethaps, but not necessarily of the real world.