DemocratSinceBirth
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Thu Aug-04-11 03:00 PM
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Fear And Trembling On Wall Street- DOW Closes Down Over Five Hundred Points |
CleanGreenFuture
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Thu Aug-04-11 03:02 PM
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1. Whew! That was a wild ride down. Now... |
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Where do we go from here? Is this the beginning of the long-feared financial system collapse or just the bottom of another cycle?
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DemocratSinceBirth
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Thu Aug-04-11 03:06 PM
Response to Reply #1 |
2. Still Has 11,000 Points To Go |
CleanGreenFuture
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Thu Aug-04-11 03:15 PM
Response to Reply #2 |
9. "By March 6, 2009 the DJIA had dropped 54% to 6469 (before |
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Edited on Thu Aug-04-11 03:31 PM by CleanGreenFuture
beginning to recover) from its peak of 14164 on October 9, 2007, a span of 17 months." At this point, we're two weeks into this crisis. Where it goes no one knows. Edit: CRAP! I forgot the link again: http://en.wikipedia.org/wiki/Stock_market_crash#The_Crash_of_2008-2009
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Liberal_in_LA
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Thu Aug-04-11 03:45 PM
Response to Reply #1 |
11. good question. Hope the dow begins a quick recovery |
valerief
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Thu Aug-04-11 03:07 PM
Response to Original message |
3. I didn't need my retirement money, especially where my SS and Medicare will be taken away, too. |
fascisthunter
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Thu Aug-04-11 03:14 PM
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valerief
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Thu Aug-04-11 03:57 PM
Response to Reply #8 |
12. Sure glad I've been working decades since I was fifteen and paying into SS and Medicare. |
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Edited on Thu Aug-04-11 03:59 PM by valerief
I'm glad it's sitting in some rich bitch's portfolio.
NOT!
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fascisthunter
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Thu Aug-04-11 04:06 PM
Response to Reply #12 |
14. I have been seething with anger for a week now |
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people around me, my neighborhood are pissed off... these assholes just don't get it. They really seem sure that when people get fired up and angry toward the upper classes, that somehow it will never effect them. Do they not understand or read history? This is no good for ANYONE!
Hey, I'm sorry for your losses... I've worked hard my whole life, played by the rules, paid for my own college tuition so I could have a better life than my immigrant parents who dealt with WWII in their own backyards. Then I get to read some well-to-do schmuck tell me I don't have it so bad... man, the audacity and balls to say such a thing when you aren't the one who has to suffer. One cannot honestly love a country and not care about the people in it... sorry, it doesn't work that way.
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Lint Head
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Thu Aug-04-11 03:08 PM
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1. George W Bush squandered our treasury to the point of disaster. 2. Barack Obama needs the cooperation of all parties to repair the damage. 3. The Tea Bagger candidates are elected using Koch money. 4. Right wingers want the economy to fail so they can blame Obama and get re-elected 5. The deceitful trick worked.
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valerief
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Thu Aug-04-11 03:59 PM
Response to Reply #4 |
13. Nah. They're all in on it and it's all Kabuki. nt |
matmar
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Thu Aug-04-11 03:10 PM
Response to Original message |
5. This is nothing more than a Wall Street power-play to grab Social Security |
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This drop in the market is all about putting pressure on the Democrats to kill off Social Security in the upcoming Super-Congress
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DemocratSinceBirth
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Thu Aug-04-11 03:11 PM
Response to Reply #5 |
6. That Would Multiply The Problem By A Factor Of One Million |
ThoughtCriminal
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Thu Aug-04-11 03:12 PM
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7. Not a good time to bring up Privatizing SS though |
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So, if that's what they're after, I don't think it's making the case .
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RegieRocker
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Thu Aug-04-11 03:17 PM
Response to Reply #7 |
10. Why doesn't are elected Representative bring that up? |
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Fri May 03rd 2024, 11:58 PM
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