NY Stock exchange: ABC special report

[Nikki Stone1]

Down 450 points

[scheming daemons]

1. Below 11,000...... bad day to be a Republican running for office

[Nikki Stone1]

8. Notice that the last worst day (Black Monday 1987) was after 2 Reagan terms?

Coincidence....

I think not.

[Cosmocat]

19. Actually, it is BO's fault ...

seriously ...

I post on a mixed board that has a handful of straight democrats, about double the number of card carrying moron Rs, and a majority of spineless R pukes who call themselves anything from libertarians, to moderates to independants.

Anyway, for the last six months, when the market takes a downturn, the resident board investment types back the firebreathing Rbots in saying that "the word" around Wall Street is that all the investors are telling people they are bailing out because they are trying to get out ahead of a BO presidency and all the massive taxes they will be stuck with.

They ALL seriously believe this.

[MadrasT]

28. *snort*

:spray: :rofl:

"trying to get out ahead of a BO presidency and all the massive taxes they will be stuck with"

:rofl: :rofl: :rofl:

People will tell themselves anything just so they don't have to admit they are wrong.

[phantom power]

2. I feel the pride.

:woohoo:

[Nikki Stone1]

3. Compared to Black Monday in 1987

"a Dark Monday but not a Black Monday"

AIG will not be saved by taxpayer money.

[Nikki Stone1]

4. -464.37

:grr:

[Major Hogwash]

17. Different scenario back then. That was when the financial markets were regulated somewhat.

Now, it's just in freefall.

[Nikki Stone1]

20. But it was still after 2 terms of GOP rule.

I wish people would see this for what it is: the end result of GOP policies.

[Major Hogwash]

29. Well, let's talk about that for a second. They were both caused by GOP policies, to be sure.

But the 1987 crash was due to the S&L crisis when Reagan decided to deregulate the banking system. More banks went bankrupt in the 1980s than during the Great Depression.

This is a financial markets crisis, due to those companies speculating on the market about sub-prime housing and other poor investments, what are called "market losers".

They are inter-related, to be sure, but a little different.
Two heads from the same yoke.

This crisis is more severe in that there is no one to bail out AIG.
Not even Lehman can get someone to help dig them out of the $613 Billion dollars in debt on loans they have.
That is what caused them to collapse.

No bank could take their debt on because of the poor decisions made by their Board of Directors to make so many poor investments.
Their investments would never pay off if Lehman were to have been bailed out.

[Nikki Stone1]

33. Yes, they were both caused by GOP policies

Thanks for the details.

[GoesTo11]

30. That was right after a huge runup, not after 8 years of stagnation

1987 was in retrospect just a correction from a market that was a bit ahead of itself.

This is more like the roof caving in during the slow collapse of an abandoned building.

[question everything]

5. Thankfully, the market is now closed (nt)

[1corona4u]

6. What a surprise...not.

I predicted last night, low to mid 4's. Oh, and on Sept. 17th, 2001, it was down, IIRC about 680-something. That's when I bought my stocks. Which are slightly off today, but not bad.

On edit; it was 684.

[montanacowboy]

7. Closes down 470

thanks Bush/McPain

[Nikki Stone1]

9. Wow. It went down further.

What a godawful day!

[Curtland1015]

10. Ouch. That is bad news.

...and old jackass McCain is out there saying the fundamentals of the economy are strong.

[Nikki Stone1]

14. Whoa!

Operation Endless War is gutting the USA completely.

[Abacus]

11. -493

[Major Hogwash]

12. Still dropping - 493 at the close of the bell. And the hits just keep coming!!

Wouldn't be surprised if it doesn't continue tomorrow.

[Anywho6]

13. CNBC: Markets on track for worst day since 9/11 n/t

[fascisthunter]

15. Republicans are Good at Stealing aren't they?

I suppose after all is said and done, their billionaires will be fatter....

[Nikki Stone1]

18. Yup.

Obama has got to RUN with this. Put the blame on the GOP. Change? Not from the GOP there isn't!

[fascisthunter]

27. exactly...... if There is One Thing Even Republicans Care About...

that's their financial well being. Most are in the same boat we are in.....

[opihimoimoi]

16. Don Worries Mateys, McSolve will fix it, He is the Solve Hero with a ZERO RECORD

He knows...no one else knows....only he knows

McWho is telling peeps only he can win wars, find Osama, kick Congress asses, and make the National Debt go away

A colorful "Barker" he is

[Viking12]

23. Something like, "when I was a POW, I didn't own any stcoks..."?

[JustABozoOnThisBus]

31. But now that I'm rich beyond the dreams of Avarice,

I don't know how many stocks I own. I mean, how many stocks Cindy owns. I mean, how many stocks the rich replacement to my first wife owns.
:shrug:

[opihimoimoi]

35. Yes. Its not about Weath/riches...nor Patriotism. Its about being Used in order to feed his AMBITION

He is constantly telling us he can fix it, but he is forgetting that OTHERS....including OBAMA/BIDEN...can fix it even Better...especially for the COMMON GOOD

[opihimoimoi]

34. very clever of him to constantly remind us of HIS PITY CARD....Like WE OWE HIM for his POW TWOUBLES

He is Unfit to Command given his Negative Record and History

[JustABozoOnThisBus]

36. Yes, we owe him.

We owe him free (single-payer universal) health care, just like we all deserve (and owe to ourselves).
We owe him free mental health care to help him with issues caused by anything at all, just like we all deserve (and owe to ourselves).
(If only one of our candidates was behind such a concept, and could actually get it through congress, past the medical and pharmaceutical lobbyists.)

We don't owe him the oval office. He hasn't earned that, doesn't deserve that.

[opihimoimoi]

37. When you suggest he SUCKS.....I am in Complete Agreement

eom

:toast:

[City Lights]

21. And McCain says the fundamentals of the economy are strong!

And his running-trinket got a D in Econ. in college.

[Nikki Stone1]

22. He's a liar.

What fundamentals is he talking about?

[City Lights]

24. No one knows. Not even McCain.

:mad:

[Nikki Stone1]

26. Strange. Obama has to push this!

This is the time to show exactly what GOP policies do to the economy.

[NorthwestNut]

25. Final Close: -504.48 (-4.42%) n/t

[Jello Biafra]

32. Dupe

Dupe