Wall Street Suffers biggest loss in two Years!So...who "clued in" Shorts

[KoKo]

to Cover? Chimpies polls down...SS in deep DOO DOO..so who gave the "buzz" to the "day traders" or the "Big Guns" to SELL...SELL..SELL.. SELL?

Once the got "THE WORD" they "SOLD" big time!

Is this another "Impeachment case againt Bush/BFEE?" Inquiring Investors want to know..

Because, the "Shorts" made MUCHO BUCKS TODAY! Who gave them the word?

hmmm....????:eyes:

..........................

http://news.yahoo.com/

Business - AP
Wall St. Suffers Worst Day in Two Years

54 minutes ago

Business - AP

By MICHAEL J. MARTINEZ, AP Business Writer

NEW YORK - Wall Street suffered its worst single day in nearly two years Friday, with the Dow Jones industrial average falling 191 points for its third straight triple-digit loss. Deepening concerns over economic growth and higher prices led to the worst week of trading since August.

n already uneasy market began the biggest one-day selloff since May 19, 2003, after the Federal Reserve reported drops in manufacturing and other industrial production, and a Labor Department report showed higher oil costs driving up import prices.

The selloff was bolstered by lower-than-expected profits from IBM Corp., which led to fears that technology spending would be substantially worse than expected this year. Strong earnings from General Electric Co. and Citigroup Inc. were overlooked, but analysts said earnings would nonetheless be a key factor in overcoming the recent slump.

"Earnings are really the only hope for this market," said Brian Pears, head equity trader at Victory Capital Management in Cleveland. "If, on the whole, earnings can go up, then we might be able to overcome oil and inflation and all the other things."

[kliljedahl]

1. "Shorts"

Boxers or briefs?


http://www.kliljedahl.net

[SouthernDem2004]

2. OR....

It could have been the lower then expected earnings for IBM causing today's down turn as well as the high gas prices through out the week. But hey, those are just facts and common sense.

[rzemanfl]

4. I'd agree with that, but earlier in the week they blamed a down

day on a poor forecast from Harley-Davidson. I guess though, when you think about it, that would drive down the marker for leather and tattoos. Once all that Iraqi oil, flowers and candy kick in things will get better.

[uncle ray]

5. temporary tattoos.

no real bikers buy new harleys!

[rfranklin]

3. There's been a ton of selling while the market was in a channel...

going up and down for weeks. Today the charts broke through the bottom of the channel. It's amazing that it stayed up as long as it did. I think the big boys were selling, selling, selling every time the market went up. Today everyone else realized what was going on and headed for the door.

[KoKo]

6. I hear what you say...and I would have thought "rationality & Logic would

prevail. That was my "First Instinct."

Then...I thought about it more closely and it occured to me that "Chimp & Co." passed on the "bad news that SS Reform was dead in the water..so time to give a "stock tip" to their buddies (Non-Martha) and let the "shorts" make millions. Chimp giving a "Heads Up" IOW.?

This "Market" is so propped and intervened with...who knows what prompted this...but in my years on DU, I've learned to look for the "dark motives."

My head says Chimp gave word to his "short selling buddies" to pull the plug on props because they just aren't going to get that bounce from "SS REFORM" where the "oldies" & "youngies" flood into the stock market hoping for "retirement gain."

So...Chimp gives the word that "SS Reform" is Dead and Markets TANK BIG TIME...Chimp looks like a "hero" for giving the "tip" and Day Traders make out like Bandits and the rest of the folks are left holding the empty sack of their hopes? :shrug:

[ChiciB1]

7. More Peeling Of The Onion....

Now what will The Boy King Wonder do??? How's he gonna sell the market when it crashes.

We have our money with Morgan Stanley and it's been leaking for some time now. It's a Money Market account... IRA and we have actually lost a great deal since we first started the account before 9/11.

It's now time to see how to extricate the funds WITHOUT incurring too much of a fee. We lost over $100,000 after 9/11 and even though we have withdrawn some money to live on since then, we have never come close to recouping anything close to our loss!! Still around $100,000 short from what we initially put in there!

Go ahead you Ditto Heads, try it out for a while, I could use the help!

[KoKo]

9. I think somehow the "Hedge Funders and Derivatives Players will lose

and those of us who trusted these thugs will somehow end up better than they are ...in the end. Maybe it's "wishful thinking," but I think so many folks hung in there and were "hung out to dry" by the Bushies with their talk of a robust economy...and just hang in there awhile longer that at some point folks are just "tapped out and angry."

How long can one believe in this "Fantasy Robust Economy" they've been pushing? Just wait 'til we get rid of them 'terraists" ...just wait 'til we reform Social Security and the "Death Tax" and now they are pushing just "Pay One Tax, and all will be well." Ugh....

[ChiciB1]

13. METHINKS, It's Time For Something

NEW! I don't think I can hang much longer!

I think we'll just take a certain amount out and put them in CD's for now. Don't know what else to do unless I put it under the mattress!

It's TIME FOR THME To BE IMPEACHED!

[KoKo]

14. I'm with you.....whatever you can "touch" or you figure is protected by

the Govt. is the best. Now some of us here, are even wondering if Bush wouldn't take our modest savings in the "banks" and usurp it to bail out his fat cat cronies.

So...under the matress for awhile might be the safest. I'm not joking, either on this. Sometimes holding back is better than joining in when the info is faulty and hyped and manipulated. But, I certainly am not giving finacial advice...just my own lament.

:shrug:

[ldf]

8. it's always hilarious to listen to the wall street hacks

try to explain WHY the stock market goes up or down.

today it was ibm and gas prices.

yesterday it was apple.

we have had rising gas prices for how long now?

and one company could not possibly affect the market that much.

in reality, it's the big boys deciding to run up the prices, then sell at a profit, making big bucks, which causes the prices to fall, at which point the big boys go in for a little bottom feeding, pick up good stocks on the cheap, start the run up of prices, then sell at a profit, making big bucks, which causes......

the super rich never get hurt by the market. they are in complete control.

UNLESS things get so out of control, much like what may be coming to fruition now, that even they can't control a major crash.

it is sad that THAT may be the only thing that drives a little sense into the average american's "beautiful mind" that doesn't want to think about all the bad stuff the bushbaby is actually doing.

what little i have invested will go done the tubes, but it may be worth it.

do i want my country back? or do i want to barely subsist in the fascist nation of corporate america?

decisions, decisions.

[ProudDad]

10. Private Accounts anyone?

Who's up for private accounts now, eh?

Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha

[spooky3]

11. haven't you heard about the latest Blame Target?

The rethugs are all complaining about the costs of compliance with Sarbanes-Oxley, which was passed to try to stop the Enron etc. abuses and help restore faith in corporate financial disclosures. Woe is us--these costs are hurting the profitability of the companies and forcing poor widdle underpaid CEOs to verify that their books aren't cooked!! Rather than welcoming these changes as supporting the stock market (and honest companies) and either providing strong empirical data that the costs of S-O outweigh its benefits or accepting that some companies will have excessive costs or proposing refinements to reduce these costs WITHOUT reducing the benefits, these rethugs just bring up their favorite anecdotes--true or not--and whine, whine, and whine some more.

[ProudDad]

12. Just time to rob the Widows and Orphans

An old friend of mine, MBA from St. Mary's, called the market a mechanism for robbing Widows and Orphans out of their hard earned money.

He got out of the market in mid-'87 -- saved a BUNDLE....