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Dow down 166 now.

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Liberal_in_LA Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-14-08 02:11 PM
Original message
Dow down 166 now.
up one day, down the next. :shrug:


Part of the freepers hope is that the Dow is above 10K before the election. They think that will take the focus
off the economy and give McCain an opening.
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CJCRANE Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-14-08 02:17 PM
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1. When the British PM made an announcement yesterday
it helped global markets to rally...somehow I don't think Shrub (or anyone in his administration) has the same credibility, even though he's doing the same thing the reaction isn't as good.
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ElboRuum Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-14-08 02:18 PM
Response to Original message
2. Wow.
Edited on Tue Oct-14-08 02:19 PM by ElboRuum
I'm sure they do, however, what is more likely is that it will either level off with no clearly marked future direction or continue to oscillate wildly until there is a perception of safety within investment. In order for the stock market to level off, there must be a perception of stability and real value to the market. Right now, that's hard to come by, and I don't think we'll reach that point until well into the next year. Remember, even if the market balances itself, investment will be stunted until the housing market stabilizes as well.
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-14-08 02:19 PM
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3. Credit has eased somewhat... but not fully
right now it will remain rather volatile for quite a while

And this will be a deep recession..,. that is a given

And as long as it STAYS as a deep recession and does not go into a depression... yes there is a difference... I am going to be somewhat happy
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