The 'recovery' is over. With one, maybe two meltdowns in Japan...

[onehandle]

...and with teabaggers running the House (and arguably, the country), we're done.

On Friday, U.S. stocks actually rallied a bit, due the the theory that helping rebuild parts of Japan would spur industry and job growth.

But a radioactive dead zone will only drain money from our economy.

Japan is more dependent on us than you think.

My call is that our stock market drops 500 to 1000 points on Monday alone.


On edit: This is also dependent on what kind of 'meltdown' and when we get the truth about it. If they keep saying 'partial,' Monday may not be that bad. But that's just 'PR.'

[jenmito]

1. Unrec for posting nothing more than your (negative) opinion. n/t

[onehandle]

2. I hope I'm wrong, but our economy is beyond fragile. Brittle. nt

[Teaser]

3. is that really worth an unrec?

OP will be right or wrong.

Pessimism itself isn't bad. I'm pessimistic about the survival, long term, of the human race. Doesn't mean I'm trying to bring the place down when I post as much.

[jenmito]

6. In MY opinion, yes. n/t

[lunatica]

25. Too bad your post can't be unrecked for being an opinion too

The irony is thick.

[grasswire]

5. he said it was his opinion

Are you an enemy of free speech?

[jenmito]

7. It's my opinion that it's worth an unrec. n/t

[ProSense]

4. Maybe the wingnuts were right

the world is going to end in 2012. Well, maybe they were off by a year.

Will the World End in 2012?

[Jack Rabbit]

8. Assuming you are correct, it's not going to matter when we get the truth or whether we ever get it

Remember who your audience is -- we are the unwashed peasants of America, not the lords of the various and sundry manors congregating around the capitol (not the one in Washington, the one on Wall Street).

Those guys will get there information directly from Japan and they will know sooner than anybody else whether nuclear power is still a good investment and how much of a hit the world economy is going to take over the nuclear meltdowns in Japan. After all, they make money knowing the real facts about things like. Remember, Gordon Gecco wanted information information he could use.

[Lucky Luciano]

9. I'll sell you a one day put on the DJIA down 500 pts. What is your bid? nt

[JVS]

10. Radioactive dead zone?

[JCMach1]

11. Bullshit to think about this now...

However, reconstruction usually fuels an economy.

[ReturnoftheDjedi]

12. go down if you want, but quit trying to take the rest of us with you, please.

[Union Scribe]

13. I suppose we have different gauges

I see an awakening fight in the hearts of our workers, which is better for economic recovery than anything the stock market tells me.

[sad sally]

14. Suspect Japan is going to need some of the $600+ billion we owe

them repaid?

[obamafourmore]

15. Aren't you the epitome of joy

[Imajika]

16. There isn't going to be any radioactive dead zone...

...any more than the Gulf of Mexico is going to be a dead sea as people were saying here.

Geeze, people get so hysterical every time something bad happens and turn it into the end of the world.

Things may get even worse in Japan, but it will pull through just fine - just like there was a lot of damage in the Gulf from the BP spill but the entire body of water didn't die off.

"My call is that our stock market drops 500 to 1000 points on Monday alone."

I seriously doubt it, but if the market tanks Monday, it could come roaring back Tuesday and recover all its losses.

We're not done. The Teabaggers run the House of Representatives. Yeah, it sucks, but we have the Senate and Presidency. So the Teabaggers did well in 2010, and we crushed them in 2006 & 2008. People will always occasionally vote for the opposition, that's just how a democratic system complete with checks and balances works.

[Scottybeamer70]

17. There is no such thing as

a jobless recovery!

[jenmito]

18. Kick. The DOW fell a whopping 51 points. Not 500 to 1000. n/t

[Imajika]

19. Ha, I was going to come back to this thread as well...

Another ridiculous prediction fails to materialize.

[jenmito]

20. This thread was the first thing I thought about when I got here today...

I couldn't wait 'til 4pm to drag this thread back up. :D

[golfguru]

21. Avtual drop on Monday 51 points....far far far from your prediction

[onenote]

22. another in a long series of posts proving that DU is NOT somewhere to go for investment advice

[golfguru]

24. But you can win by fading DU investment advice n/t

[Arkana]

23. This "we're done" crap is why "we're done".

Every time something bad happens, the liberals who love to exhort everyone to "fight for the cause" throw up their hands and give up.

The GOP thanks you for being conditioned to accept defeat in the face of all adversity.

[slackmaster]

26. The impact of this event on the nuclear industry will make other sources of energy more valuable

There's always an upside to these things.

[jenmito]

27. Kicking to point out the DOW dropped a net total of about 184 points last week and is up over 200

points so far today.

[karynnj]

28. Actually the market is up about 200 points today

In spite of Libya and Japan.

Now, imagine they end the crisis in Japan's nuclear facilities - as is most likely - and the US transitions out of Libya as fast as is currently the plan. If the market is rising now with those as a weight, we are moving to a better economy.

[slackmaster]

29. I'll keep that in mind as I go to my good-paying job at a company that is hiring lots of people

:eyes:

[ButterflyBlood]

30. Dow up almost 200 points today so far

Back over 12k.

[cottonseed]

31. User tagged as "knows nothing"

[jenmito]

32. The DOW ended 3% higher this week. I guess you were wrong. n/t

[Uzybone]

33. should we also sell all our possessions and buy gold?