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Dow continues to suck balls, below 10000 didn't make much news Friday

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gasperc Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-26-04 12:01 PM
Original message
Dow continues to suck balls, below 10000 didn't make much news Friday
Dow down 0.3%, continues to fall midday

the big money GOP nuts must be getting edgy now that their own hide is getting gutted in this shithole economy
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trotsky Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-26-04 12:13 PM
Response to Original message
1. Bah, they don't care.
Market goes up, they make money on dividends.

Market goes down, they buy failed companies for pennies on the dollar.

If you have enough money, the stock market becomes a win-win playground.
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Ishoutandscream Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-26-04 12:27 PM
Response to Original message
2. Cavuto and his ilk on Faux
blames it all, now get this, on KERRY!! Cavuto and two Fox business reporters were tying the fall of the market to Kerry's increasing poll numbers. One independent individual was trying to equate it with American's negativity toward the economy, and stating that it wasn't political. The two Faux women, however, followed the Murdoch and Rove script to the tee.
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Doctor_J Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-26-04 12:47 PM
Response to Reply #2
5. so the crash
at the beginning of *'s term was because of WJC, and the crash at the end is because of Kerry. No wonder they're called Limbeciles.
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ElsewheresDaughter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-26-04 12:33 PM
Response to Original message
3. i've heard it could go down to mid 8,000
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On the Road Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-26-04 12:42 PM
Response to Reply #3
4. It Could Go Lower Than 8,000
Alan Newman has a 2004 target of 8,500, but a longer-term target of 6,400 for the eventual bottom.

http://www.cross-currents.net/mania.htm
(the the bottom)
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