Ignacio Upton
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Tue Feb-27-07 03:45 PM
Original message |
Can people stop worrying about the Dow? |
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Edited on Tue Feb-27-07 03:49 PM by Ignacio Upton
While it's a lot in absolute points, in percentage terms it's only down by about 3.5% For example, the crash of 1929 represented a 12.8% percentage drop when it lost 38 points. In the crash of 1987, the Dow lost 22.6% of its value (508 points), an even greater loss than on Black Tuesday in 1929. And on October 27, 1997, the Dow lost 554 points, a loss of 7.2%. The worst absolute loss of points was the first trading day after 9/11, when the Dow lost more than 600 points (I can't find an article that has the percentages, but at the time, the Dow was in the mid 10,000's, and then dropped into the upper 8,000's within a week.
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The Straight Story
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Tue Feb-27-07 03:48 PM
Response to Original message |
1. I ain't worrying. Stocks go up, stocks go down. It's all the dems' fault anyway ya know |
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Soon as they took over congress it all went to hell.
At least - that is what we will be hearing by the rw shills on radio and blogs later.
Yeah - I think we need to force medicate them thar folks :)
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BOSSHOG
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Tue Feb-27-07 03:50 PM
Response to Reply #1 |
4. Ain't that the damn truth |
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Word on the street is that the peace lover bush wanted nothing to do with the quagmire that is Iraq but the dems forced him to lie to convince the American people it was the right thing to do. And, the brave soul that he was, he carried our water. Now, believe it or not, some snots like me are calling it bush's war. Have I no gratitude?
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BOSSHOG
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Tue Feb-27-07 03:48 PM
Response to Original message |
2. I see a buying opportunity in the days ahead |
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I have confidence that that brilliant economic mind of george bush's assisted by other fiduciary experts like limbaugh and bart simpson will right the ship of state and we'll all be singing happy days are here again.
Seriously. What my subject line said.
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Ignacio Upton
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Tue Feb-27-07 03:51 PM
Response to Reply #2 |
5. Well, they've been managing our tax dollars for the last six years |
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What else could possibly go wrong!:crazy:
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babylonsister
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Tue Feb-27-07 03:53 PM
Response to Reply #2 |
7. limbaugh and bart? We're in good hands now! |
rfranklin
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Tue Feb-27-07 03:49 PM
Response to Original message |
3. This is the beginning of the long slide down.... |
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as trillions of dollars of derivative contracts begin to go sour and panic sets in.
(Consider this optimistic--every time I bet on a direction, it goes the opposite way.)
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Generator
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Tue Feb-27-07 03:52 PM
Response to Original message |
6. Right on target-the anti-whatever the most post obsession is post! |
MilesColtrane
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Tue Feb-27-07 03:56 PM
Response to Reply #6 |
9. I thought we were still on Edward's house. |
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Guess I didn't get the memo.
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Blue_In_AK
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Tue Feb-27-07 03:56 PM
Response to Original message |
8. Our stockbroker's loving this. |
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Sat May 04th 2024, 05:06 AM
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