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Old 09-29-2008, 03:50 PM
 
1,271 posts, read 3,765,948 times
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“This is panic, and fear is running amok,” one trader told CNBC. “We are in a classic financial meltdown, and it’s panic-based. We’re seeing panic selling.”


Dow posts worst-ever point decline - Stocks & economy - MSNBC.com
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Old 09-29-2008, 04:04 PM
 
Location: Hell with the lid off, baby!
2,193 posts, read 5,393,506 times
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But when you count it by percentages, it's not even close to being in the top 10
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Old 09-29-2008, 04:43 PM
 
13,779 posts, read 24,563,622 times
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Quote:
Originally Posted by dugdogmaster View Post
But when you count it by percentages, it's not even close to being in the top 10
Thank you!!! Exactly the point I was going to make.
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Old 09-29-2008, 04:45 PM
 
Location: US
1,189 posts, read 3,731,255 times
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Originally Posted by dugdogmaster View Post
But when you count it by percentages, it's not even close to being in the top 10
I came here to say this as well...
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Old 09-29-2008, 04:46 PM
 
Location: Heartland Florida
9,324 posts, read 24,745,414 times
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Funny how the fear mongers never mention this. Wanna bet it goes back up tomorrow?
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Old 09-29-2008, 04:48 PM
 
20,194 posts, read 21,593,335 times
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Hahahaha.... Boy I wish I could of shorted the stocks... hahahaha... maybe that's why the Gov banned it right before the bailout bill, a lot of people would of made a lot of money... well maybe not a lot of people... a very small number of people would of made a lot of money...
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Old 09-29-2008, 07:22 PM
 
Location: LEAVING CD
22,973 posts, read 24,175,016 times
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Quote:
Originally Posted by evilnewbie View Post
Hahahaha.... Boy I wish I could of shorted the stocks... hahahaha... maybe that's why the Gov banned it right before the bailout bill, a lot of people would of made a lot of money... well maybe not a lot of people... a very small number of people would of made a lot of money...
As they usually do...
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Old 09-30-2008, 05:05 AM
 
Location: Los Angeles Area
3,306 posts, read 3,661,456 times
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Originally Posted by tallrick View Post
Funny how the fear mongers never mention this. Wanna bet it goes back up tomorrow?
The futures are up. As always, the suckers panic and sell and the elite pick up the pieces and make a profit. Just another way the common people transfer wealth to the elite.
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Old 09-30-2008, 05:23 AM
 
Location: Hell with the lid off, baby!
2,193 posts, read 5,393,506 times
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Originally Posted by Humanoid View Post
The futures are up. As always, the suckers panic and sell and the elite pick up the pieces and make a profit. Just another way the common people transfer wealth to the elite.
European markets are up as well
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Old 09-30-2008, 05:30 AM
 
Location: The Frenchie Farm, Where We Grow 'em Big!
2,078 posts, read 6,024,240 times
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Quote:
Originally Posted by dugdogmaster View Post
But when you count it by percentages, it's not even close to being in the top 10
Exactly!!!!! 7% is nothing!!!! Wait until we get into the double digits!!!! That would be fun.

OP, please tell us you're not a financial advisor.
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