Skidmore
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Mon Sep-15-08 12:33 PM
Original message |
| So, DU market whizzes....Is the stock market being resillient, or have the fat cats |
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just broken the piggy bank and they're making another one to fill up again? To me, that the stock market should be "resilient" now seems weird, but I'm not a finance/economic whiz kid either. It seems to me that by breaking up these huge financial institutions it allows new entitites to spring up that don't have the same constraints on them and that the transfer of wealth continues? Am I being naive? Set me straight.
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| tekisui
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Mon Sep-15-08 12:35 PM
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| 1. It's down 18% in 11 months. |
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Edited on Mon Sep-15-08 12:37 PM by tekisui
None of the emergency actions have saved it, and they are quickly running out of tricks. I don't see resilience. But, I'm no expert.
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| Tangerine LaBamba
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Mon Sep-15-08 12:36 PM
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the stock market is Monopoly money. It's not real money, it's just an indicator.
And it reflects what's going on in our country with regard to business. Since we don't manufacture anything here any more, we move other people's money around, and try to convince others that that's "business."
Well, that joke has just been blown apart, and now the walls have come tumbling down. All those multi-million-dollar bonuses are looking even more disgusting now, aren't they?
We're now in a depression, and anyone who thinks otherwise is ignoring reality.
We haven't even seen the beginning of the worst yet.
Congratulations, Fuckface. You've been a GREAT President. :sarcasm:
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| whistle
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Mon Sep-15-08 12:37 PM
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| 3. They are borrowing to buy up debts, an Alan Greenspam wet dream |
| BlooInBloo
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Mon Sep-15-08 12:37 PM
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| 4. It's somewhere in bewtween the ZOMGWTFBBQPWNED!!! that everyone is screaming about... |
| The_Casual_Observer
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Mon Sep-15-08 12:37 PM
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| 5. If it was resilient it would be above 14,000. It isn't. |
| Skidmore
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Mon Sep-15-08 12:40 PM
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| 6. Somebody needs to clue in the cable news financial reporters then |
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because that is what they are selling today.
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| StrongBad
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Mon Sep-15-08 12:40 PM
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| 7. 11,000 is a solid floor. If it tumbles below 11,000 then it's time to worry. |
| kickysnana
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Mon Sep-15-08 12:42 PM
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| 9. SMW wags say that is the PPT's floor, not the real floor. n/t |
| BlueIdaho
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Mon Sep-15-08 12:41 PM
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| 8. Deregulation leads to monopolies. |
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How many more times do we need to see this lesson before America learns it? After all it worked so well with the airlines...
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DU
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Fri Apr 19th 2024, 10:38 AM
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