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Old 10-13-2008, 07:18 PM
 
2,541 posts, read 10,622,277 times
Reputation: 973

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Is NJ saved from an economic depression by dow 900 Pt gain?
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Old 10-13-2008, 08:22 PM
 
5,340 posts, read 12,932,324 times
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I was really happy to see the markets go up today - I am holding off ony any sort of relief or celebration yet... but I'll take what I can get.
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Old 10-13-2008, 10:17 PM
 
Location: Central NJ
1,041 posts, read 2,917,865 times
Reputation: 373
This roller coaster is not over yet.
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Old 10-13-2008, 10:57 PM
 
26 posts, read 119,769 times
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This is great news! Yesterday, I went to see open house at Moderator cut: shades of ehs1 , and so many buyers looking at them, so, may be the the depression is coming to the end?

Last edited by tahiti; 10-14-2008 at 05:52 AM..
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Old 10-14-2008, 04:49 AM
 
Location: OH->FL->NJ
12,841 posts, read 9,385,376 times
Reputation: 5974
Noone knows.

There was no recession after the 1987 crash which was of similar size (2700 to 1700 or 38%; it simply happened faster in 1987.

It will vary by location:
It almost already is a depression for Michigan. 8.9% unemployment. The 1992 recession was relatively mild in Michigan.
South Dakota is 3.3% unemployment.

The person who is right merely was the one who randomly guessed right tho they will be hailed as a guru.
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Old 10-14-2008, 07:22 AM
 
1,340 posts, read 3,425,271 times
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Sure the banks will be bailed out. But the job cuts are starting to pile in and the retail numbers will be HORRIBLE this season which will add another level of bad news. If we get through that hopefully the rebound will happen early next year....
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Old 10-14-2008, 09:48 AM
 
Location: New Jersey/Florida
5,624 posts, read 11,092,250 times
Reputation: 3896
Folks this was one day up after 8 straight down. Our problems didn't turn around after 8 hours of an up day on the stock market.
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Old 10-14-2008, 10:27 AM
 
5,340 posts, read 12,932,324 times
Reputation: 1173
Agreed Jersey Man (now where are those medications you were speaking of!
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Old 10-14-2008, 01:49 PM
 
1,977 posts, read 7,087,728 times
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Dow was up over 14k this time last year. Keep perspective people. 900 bump is nice but really just a drop in the bucket.
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Old 10-14-2008, 02:04 PM
 
1,110 posts, read 4,036,605 times
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It is DOWN 65 points as im typing this. Anyone who thinks yesterdays gain is going to fix everything, think again. The 800B bailout will only 'temporary' relax the market. Key word here is temporary. Once everyone realizes they just made it worse, the dow will tank even more. Bailout does not add jobs, does not reduce foreclosures. Basically it is a joke of a plan that will only do more harm.

Your 401ks will shrink alot more..
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