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Dow below 6,850


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#37 pstall

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Posted 05 March 2009 - 09:20 PM

let me ask you guys, based on sheer fundamentals of the last 10 yrs, where should the Dow be at right now?

#38 Matt Foley

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Posted 05 March 2009 - 09:24 PM

wallstreet doesn't like brussels sprouts either.


Do you? They taste like poo.

#39 mmmbeans

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Posted 05 March 2009 - 09:28 PM

Do you? They taste like sh*t.


still gotta eat yo veggies.

#40 mmmbeans

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Posted 05 March 2009 - 09:29 PM

i'm more of a spinach kinda guy myself...

#41 carpanfan96

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Posted 06 March 2009 - 12:16 AM

let me ask you guys, based on sheer fundamentals of the last 10 yrs, where should the Dow be at right now?


I thought it was going to completely crash and go into meltdown after 9/11.
Given what's all happened in the last 10 years, with 9/11 the war in Afghanistan, the war in Iraq, the Mortgage crisis and the Bank meltdown's. Considering all that I'm actually surprised it's as high as it is, though given that in the last 52 weeks we've seen the Dow go from record highs to under 7,000. I believe the a lot of the numbers were just a mirage of this country's continuous over spending during the Bush Administration. (one of the reason's this country has a bank and mortgage problem.) the 13,000 early this year was before Obama said he could care less about the ebb and flow of the stock market. The Question is where does it end up? Does it completely Crash and hit relative zero? Does it even stand a chance at repairing itself and getting back above 10,000.

Edited by carpanfan96, 06 March 2009 - 02:18 AM.


#42 carpanfan96

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Posted 06 March 2009 - 12:20 AM

this economic turmoil would have happened regardless who won back in November


If you pay attention to the economy, stock market and the FRC yearly speeches, you'd have seen this coming back in 2005/early 2006. The economy has just been kept a float by consumer over spending and we were just spread too thin. Banks giving away easy money after 9/11 to entice people into buying new homes they couldn't afford and so on. I was only hoping it wasn't going to be this damn bad.

#43 Doc Holiday

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Posted 06 March 2009 - 01:48 AM

I think the Dow has lost 25% of it's value since January 2nd...The fact is that Wall Street doesn't like Obama's plan.


a friend of mine is a stock broker in Kansas, and to say at this point he doesn't like Obama would be an understatement, he was kinda ok with Obama at first but now he treats it like a cuss word.

#44 carpanfan96

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Posted 06 March 2009 - 02:13 AM

I think the Dow has lost 25% of it's value since January 2nd...The fact is that Wall Street doesn't like Obama's plan.


more then that actually. if it was 25 percent then on the second of jan the dow would've been at 20,000 instead it was at 13,200 and it now sits 6,594. it's closer to the 35 percent range. Which just goes to show you how quickly the dow has fell.

Edited by carpanfan96, 06 March 2009 - 02:16 AM.


#45 Matt Foley

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Posted 06 March 2009 - 06:02 AM

a friend of mine is a stock broker in Kansas, and to say at this point he doesn't like Obama would be an understatement, he was kinda ok with Obama at first but now he treats it like a cuss word.


He's a racist! He can't stand seeing a black man in power!

#46 mmmbeans

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Posted 06 March 2009 - 08:09 AM

He's a racist! He can't stand seeing a black man in power!


well he is from kansas...