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holy crap all the gains NYSE made this year are gone before all before the closing bell.
I have to say if it dips below 10,000 we are in for some tough, tough times ahead. the double dip has happend no other way to see it... it is 2008 all over again or worse this will take atleast a decade to recover and that is IF we recover... the good times economic time during the pre-2008 levels well never be back now.
If Europe and Asia continue the plummet tonight and early tomorrow the market may tank another 500-1000 points tomorrow. Better get ya some cash on hand if you don't already. Bank runs could start tomorrow.
Wrong. 10 year notes are also down to 2.46% and people are selling stocks to meet margin calls and notes. But hey, when has facts entered into your discussions?
I remember it and I wish I had listened to my father who said to just leave my mutual funds alone as they would just come back up again in 6 mos. Turns out he was right... but I listened to the bad news bears who predicting further losses.
After reaching the highs in 2008 and after the correction in 2008/2009 we STILL even by our most recent highs only regained 3/4 of our losses. After our 480 point slide today we are probably at only 2/3 of our 2008 highs and of course that is in dollars that don't buy nearly as much as they did in 2008.
On trading earlier today. Its down around 300 now. This hasn't happened since 1978 if I recall from an article I read yesterday. I thought the great orator was going to save the world with his big "deal" the dems hoisted upon the world? Apparently not. Now what? I can't wait for the calls of QE III and more stimulous by these complete and utter idiots.
It's now tumbled 512 points.
I thought OBAMA SAID we were in RECOVERY SUMMER????? What happened? Did he lie?
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