RedEarth
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Thu Nov-20-08 04:20 PM
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Most Severe Market Crash Since Great Depression |
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Edited on Thu Nov-20-08 04:46 PM by RedEarth
DOW off 445 S&P500 off 54 at 11 1/2 year low (April 1997). NASDAQ off 70 graph off the market crash....... http://calculatedrisk.blogspot.com/2008/11/graph-worst-crash-since-great.htmlAnother day of cliff diving.
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blueclown
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Thu Nov-20-08 04:22 PM
Response to Original message |
1. Today was not a market crash. |
Ikonoklast
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Thu Nov-20-08 04:28 PM
Response to Reply #1 |
4. No, but it was a ' fender-bender'. |
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You could drive it home, but it doesn't steer straight anymore.
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RedEarth
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Thu Nov-20-08 04:29 PM
Response to Reply #1 |
5. Not today, but the market crash of 07/08 |
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Edited on Thu Nov-20-08 04:44 PM by RedEarth
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Phred42
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Thu Nov-20-08 04:23 PM
Response to Original message |
2. it merely threw up in it's mouth a little bit.... |
valerief
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Thu Nov-20-08 04:24 PM
Response to Original message |
3. They've earned new names. |
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DOWN Jones off 445
Slip & Perish 500 off 54 at 11 1/2 year low (April 1997).
NASty DAmn Quagmire off 70
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Dr.Phool
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Thu Nov-20-08 04:44 PM
Response to Original message |
6. Look for my new book soon. Dow 3200!!!! |
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It's a follow-up to that other guy's book, Dow 32,000!
I'm closer, so I win.
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RagAss
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Thu Nov-20-08 06:07 PM
Response to Reply #6 |
11. Look for mine; "My Neighbor is Cooking His Dog on the Fucking Grill !" |
Greyhound
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Thu Nov-20-08 06:29 PM
Response to Reply #11 |
15. Mine; "Help! My neighbor's trying to cook me on his fucking grill!" |
RagAss
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Thu Nov-20-08 06:33 PM
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ORDagnabbit
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Thu Nov-20-08 05:05 PM
Response to Original message |
7. number of us have been posting for a few years about the coming crash but we always got shut down... |
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so sad... hope everyone paid attention.
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MercutioATC
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Thu Nov-20-08 05:22 PM
Response to Reply #7 |
8. Yep...I got tired of being called Chicken Little so I just shut up. |
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..after I pulled all of my 401k out of equities, of course...
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Nay
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Thu Nov-20-08 09:51 PM
Response to Reply #8 |
18. Same here. We got out early, warned ppl for years, were thought of as |
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fruitcakes. Oh, well. Being right can be hell.
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TheWatcher
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Thu Nov-20-08 05:57 PM
Response to Reply #7 |
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It was more important to many to feel good, and live in false paradigms of perception management that justified believing in any lie they were told.
Comfort and Complacency over Common Sense.
Interestingly enough, I'm starting to see a lot of heads raise out of the meadow with scared looks on their faces.
I'm not enough of a heartless bastard to tell them "I Told You So", and It's too heartbreaking to tell them that It's Too Late.
We are in for a very rough ride.
Some of us are not going to make it.
I hope the majority of us will.
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readmoreoften
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Thu Nov-20-08 06:02 PM
Response to Reply #9 |
10. Yes the "I'm reasonable because I think nothing historic will ever happen" crowd. |
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"Nothing will happen you bozos! It's all under control you whiners! The Iraq war will be mission accomplished in no time! Flowers and kisses for us, soccer balls for them. The stock market has been great for 20 years, so it will be fine for the next 50 years, and since that's my life span, it's all I really give a shit about..."
Yeah, that crowd.
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TheWatcher
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Thu Nov-20-08 06:12 PM
Response to Reply #10 |
12. The sad thing is, that a lot of these people are not bad people at heart. |
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Edited on Thu Nov-20-08 06:13 PM by TheWatcher
They simply did not want to know, or could not handle knowing, the truth.
The Power Of The False Paradigm and Willful Ignorance is a most daunting thing to overcome, and as a nation, we have miserably failed to do so.
The people were willing to put their own well being, as well as that of their families, their fellow man, and their country, above facing the hard reality before them.
Like I said, I am beginning to see a lot of naysayers now very scared and concerned by what we face.
And what should scare you even more, is that, unfortunately, more than likely, even at this late date and reality that can no longer be reasonably denied, if TPTB can come up with any tonic to return them to their fantasy world and false paradigm that they have clung to for so long like an infant to it's favorite toy, they will choose the tonic over takling action and dealing with the circumstances they know can no longer be avoided.
I hope I am wrong,
I really do.
History tells me I'm probably not.
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readmoreoften
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Thu Nov-20-08 06:23 PM
Response to Reply #12 |
13. It's also a neoconservative cultural meme. The whole "Capitalism is the End of History" |
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Francis Fukuyama thing. This is it. Nothing ever happens from here on it. We're all postmoderns and postmarxist. Things just go up and down with the market. Stupid former 3rd world countries fight because they are less wealthy a.k.a. intellectually and morally inferior, but eventually these brown people will get it--with our military assistance--even if we have to kill them to save them--and by saving them, we mean giving them a chance to be "free like us."
And to a certain degree, being 'free' means being free from history, consequence, change, and failure.
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Greyhound
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Thu Nov-20-08 06:27 PM
Response to Reply #12 |
14. You mean something along the lines of, "we have to give them a trillion dollars!!!" |
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It sucks being right, when all you see coming is bad and worse.
You are much more forgiving of them than I. Maybe it's from being on the receiving end of their fantasy for almost a decade after trying to warn them for a quarter century.
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arcadian
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Thu Nov-20-08 06:41 PM
Response to Reply #10 |
17. You know it's really not that difficult. |
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I am by no means an economist, but I do know that what goes up must eventually come down.
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malaise
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Thu Nov-20-08 10:07 PM
Response to Original message |
19. And down go the Asian markets |
dysfunctional press
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Thu Nov-20-08 10:11 PM
Response to Original message |
20. will the "bargain-hunters" be out tomorrow...? or are we looking at a blacker than black friday? |
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