Market down 450+ pts
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Re: Market down 450+ pts
See, you know the way a bailout works? Here's the way a bailout works. A failed president and a failed Congress invest $700 billion of your money in failed businesses. Believe me, this can't fail. -
Chalepa Ta Kala.....Comment
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stewaat
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Re: Market down 450+ pts
It's more of a created panic or hype. Yesterday was obviously panic and if I had more free money in my account I would've bought all the financial stock I could've and then sold on the gap up this morning.
Panic = oversold
Hype = overbought
They'll correct themselves early the next day, usually.
Anyway, to those that would do this bailout from the bottom up and bail out the homeowners:
the problem with that is that you wont get any return in the future. If we loan the money to companies we will get the money back eventually. Look at what happened in the 70's with Chrysler. Same exact thing, and in the end the government ended up coming out on top.
The dynasty will return
Paul Pierce... talent + heart + toughness = The Truth
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Re: Market down 450+ pts
I think we should note that the "rescue" bill would have made the Treasury Secretary (Henry Paulson) greatly more powerful. Of course he wants it to pass because he wants power.
And the DOW is up at ton, the NASDAQ is up, and the S&P is up as well. Last night's futures were correct.
And the US dollar is up nearly three cents when compared to the Euro and the Pound, so you just became a little more richer today!Comment
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Re: Market down 450+ pts
Check the Libor rate. That went up about 4 points.
Thats huge, that means that the average US company with any revolving debt just saw their interest expense sky rocket. That could have some huge implications. I would expect the stock market to drop a few hundred points tomorrow unless this rate goes down. Its crazy that it would jump 4 points.Chalepa Ta Kala.....Comment
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Re: Market down 450+ pts
Well, it appears the Federal Reserve went ahead with their own bailout.
Federal Reserve prints $630 Billion and pumps it into the Stock Market.
The dollar just got weaker, and the problem that much worse. The affects may not be appear today or tomorrow, but they soon will. You can't create $630 billion out of thin air, with no backing, and come out on top.Comment
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Re: Market down 450+ pts
Idiots. Unbelieveable. "Let's just print more money when the dollar is already in the crapper!"Send your Midnight Release weirdo pics/videos to my new website: http://www.peopleofmidnightreleases.com!Comment
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Re: Market down 450+ pts
Well, it appears the Federal Reserve went ahead with their own bailout.
Federal Reserve prints $630 Billion and pumps it into the Stock Market.
The dollar just got weaker, and the problem that much worse. The affects may not be appear today or tomorrow, but they soon will. You can't create $630 billion out of thin air, with no backing, and come out on top.
Too bad we still aren't on the gold standard so all our money was backed up by gold.
Thank the Fed for making you poorer through inflation!!!Comment
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Re: Market down 450+ pts
They aren't printing money. This money already existed, they are just making it available. Same as you taking $10 out of you savings account and loaning to your loser friend. You might not get it back, but you didn't print it out of thin air either.Chalepa Ta Kala.....Comment
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Re: Market down 450+ pts
A resolution is coming, but they are trying to make sure its structured correctly.
The market will continue to be volatile until this is hashed out and the main feeling is that of being calm. Then the hedge funds can go back to manipulating the market.Check out my Tampa Bay Buccaneers CFM Thread.
You too can be a 5* recruit at FSU.......
Originally posted by TwelveozPlaya21add worthless Xavier Lee to that list..Originally posted by MassNoleCFL here he comes. Pfft, wait that would require learning a playbook. McDonalds here he comes.Comment
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Re: Market down 450+ pts
The Sky is Falling! The Sky is Falling!!
Does anyone really want the same type of people that run the IRS, FCC, CIA, and DMV to run the banking industry?
didnt think so.Originally posted by Alexis de TocquevilleThe America Republic will endure until the day Congress discovers that it can bribe the public with the public's money.Comment
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Re: Market down 450+ pts
WAMU ex-CEO made $19 million for 3 weeks of "work" in this whole fiasco. He was hired 3 weeks ago with a 7.5 million signing bonus and a 11.5 million severance package. He made $44 per second while he was there.
This is the problem with the bailout, our tax $ are in this clown's pockets.Chalepa Ta Kala.....Comment
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