Dow crashes 280 points! Go Obama! - GoFuckYourself.com

Splum · 03-05-2009, 02:09 PM

Dow down 4.1%
Nasdaq down 4%
S&P down 4.3%
Wilshire down 4.3%
etc etc etc

Obama quote:

Quote:

As Wall Street tumbles, President Barack Obama offered up some investing advice on Tuesday, telling a wary nation that stocks are becoming a "a potentially good deal"..

Brad Mitchell · 03-05-2009, 02:11 PM

fuuuuuuuuuuuuuuuuuuuuuuuuck

xNetworx · 03-05-2009, 02:11 PM

The end is near.

IllTestYourGirls · 03-05-2009, 02:11 PM

You have to think long term. Like 75 years.

Reak AGV · 03-05-2009, 02:14 PM

Owh my god, the world is coming to an end!!

skrog · 03-05-2009, 02:15 PM

Fucking crash already. I am sick of hearing about it.

CIVMatt · 03-05-2009, 02:17 PM

Go Obama Go!!!! Welcome to change....

Jim Cramer talking right now about how this is not the guy he voted for and he doesn't know what the fuck he's doing

notime · 03-05-2009, 02:20 PM

Yesterday went ok and all went up.
Not so good today.

DaddyHalbucks · 03-05-2009, 02:25 PM

I wish I could say this is not what I expected from socialism, but...

WhiplashDug · 03-05-2009, 02:30 PM

watch the markets... everytime Mr. President breaks out his teleprompter and gives a speah... within about an hour there is a big sell-off. Its getting so that you will be able to set your clock to it.

And i heard what Cramer was talking about... perhaps we should take a lesson on economics from China, it looks like they got it right!

messiah1 · 03-05-2009, 02:32 PM

Socialism for corporations = fascism, socialism for the common folk = socialism.

.
A left leaning socialist would have gave the poor, working class most of the bailout money.

BlackCrayon · 03-05-2009, 02:38 PM

Quote:

Originally Posted by WhiplashDug

watch the markets... everytime Mr. President breaks out his teleprompter and gives a speah... within about an hour there is a big sell-off. Its getting so that you will be able to set your clock to it.

And i heard what Cramer was talking about... perhaps we should take a lesson on economics from China, it looks like they got it right!

Yeah. Looks like they got it right

notime · 03-05-2009, 02:44 PM

Quote:

Originally Posted by WhiplashDug

watch the markets... everytime Mr. President breaks out his teleprompter and gives a speah... within about an hour there is a big sell-off. Its getting so that you will be able to set your clock to it.

I was thinking something similar too. Mr. P does his speech and persuades people to buy stock, since it's so low and everybody should buy(!). Then it goes up 3% just to see it go down 4% a day later.
Small time players or consumers will never be bailed out. I guess that is good for any government IMO moneywise.
Not bashing anything here. Just witnessing it all happen.

Pleasurepays · 03-05-2009, 02:51 PM

GirlBri · 03-05-2009, 02:54 PM

Yes. He alone brought about this crisis. No one else played any role in it whatsoever. True story.

PornMD · 03-05-2009, 02:55 PM

Damn...if I would have sold short one of the stocks I sold just a couple weeks ago, I'd have made over 30% - it dropped nearly 19% today alone! And Obama's telling me to BUY? lol

Drake · 03-05-2009, 02:59 PM

Quote:

Originally Posted by messiah1

Socialism for corporations = fascism, socialism for the common folk = socialism.

.
A left leaning socialist would have gave the poor, working class most of the bailout money.

Your nickname is Messiah. Are you Obama?

$5 submissions · 03-05-2009, 03:01 PM

Like I keep saying, if the US follows Japan's lead during the "lost decade" of the 90s, the "bottom" of the Dow Jones Industrial average will be 20% of its record high of 14000... 2800. We're still 4000 points away from the bottom. I hope this doesn't happen and I hope I'm wrong. But I think all these bailouts and stimuli will have MASSIVE unintended consequences.

Drake · 03-05-2009, 03:05 PM

Quote:

Originally Posted by $5 submissions

Like I keep saying, if the US follows Japan's lead during the "lost decade" of the 90s, the "bottom" of the Dow Jones Industrial average will be 20% of its record high of 14000... 2800. We're still 4000 points away from the bottom. I hope this doesn't happen and I hope I'm wrong. But I think all these bailouts and stimuli will have MASSIVE unintended consequences.

I agree . . . the consequences of the bailout are playing itself out. It was a horrible move. I sure hope it works (or at least that the economy recovers in the next year, which the admininstration will attribute to the bailout), but I just don't know.

nikki99 · 03-05-2009, 03:16 PM

Quote:

Originally Posted by pimpporn

The end is near.

WhiplashDug · 03-05-2009, 03:17 PM

Quote:

Originally Posted by $5 submissions

Like I keep saying, if the US follows Japan's lead during the "lost decade" of the 90s, the "bottom" of the Dow Jones Industrial average will be 20% of its record high of 14000... 2800. We're still 4000 points away from the bottom. I hope this doesn't happen and I hope I'm wrong. But I think all these bailouts and stimuli will have MASSIVE unintended consequences.

Well - the current P/E rationof the DOW is about 14. In past recessions, the trough was usually about 7-8 P/E. That puts the down bottoming out somwhere around 3000.

WhiplashDug · 03-05-2009, 03:19 PM

Quote:

Originally Posted by BlackCrayon

Yeah. Looks like they got it right

Oh... so now, government economic policies are comparable to social standards? Nice try. We are talking about economic policy... meaning, China's PRIVATE SECTOR job creation and growth in military spending.

The social & environmental standards is a completely different thread.

BlackCrayon · 03-05-2009, 03:54 PM

Quote:

Originally Posted by WhiplashDug

Oh... so now, government economic policies are comparable to social standards? Nice try. We are talking about economic policy... meaning, China's PRIVATE SECTOR job creation and growth in military spending.

The social & environmental standards is a completely different thread.

Their economic growth is largely in part due to the very small wages and poor working conditions they allow. Not to mention they purposely are undervaluing their currency to beat other "third world" competition.

03-05-2009, 02:11 PM	#2
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03-05-2009, 02:11 PM	#4
IllTestYourGirls Ah My Balls Industry Role: Join Date: Feb 2007 Location: Under the gold leaf ICQ 388-454-421 Posts: 14,311	You have to think long term. Like 75 years. __________________

03-05-2009, 02:14 PM	#5
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03-05-2009, 02:15 PM	#6
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03-05-2009, 02:17 PM	#7
CIVMatt Amateur Pimpin Industry Role: Join Date: Aug 2004 Location: Orlando, FL Posts: 13,075	Go Obama Go!!!! Welcome to change.... Jim Cramer talking right now about how this is not the guy he voted for and he doesn't know what the fuck he's doing __________________ Make easy money with Webcams

03-05-2009, 02:11 PM	#3
xNetworx So Fucking What Industry Role: Join Date: Jan 2004 Location: Whore Island Posts: 14,445	The end is near.

03-05-2009, 02:20 PM	#8
notime Confirmed User Industry Role: Join Date: Jun 2003 Location: cyberspace Posts: 8,022	Yesterday went ok and all went up. Not so good today.

03-05-2009, 02:25 PM	#9
DaddyHalbucks A freakin' legend! Industry Role: Join Date: Feb 2004 Location: Las Vegas, Nevada USA Posts: 18,975	I wish I could say this is not what I expected from socialism, but... __________________ Boner Money

03-05-2009, 02:30 PM	#10
WhiplashDug ICS Graphics Dude Industry Role: Join Date: Aug 2006 Location: SACTO Posts: 3,438	watch the markets... everytime Mr. President breaks out his teleprompter and gives a speah... within about an hour there is a big sell-off. Its getting so that you will be able to set your clock to it. And i heard what Cramer was talking about... perhaps we should take a lesson on economics from China, it looks like they got it right! __________________ Was a graphics master for Lensman @ Adult.com but now... I can't tell ya cause it aint top secret. ........... *DOUGRIDLEYDESIGNS* [email protected] ICQ: 303-498-056 skype: whiplashdug

03-05-2009, 02:32 PM	#11
messiah1 Confirmed User Join Date: Nov 2002 Posts: 549	Socialism for corporations = fascism, socialism for the common folk = socialism. . A left leaning socialist would have gave the poor, working class most of the bailout money.

03-05-2009, 02:51 PM	#14
Pleasurepays BANNED - SUPPORTING TUBES Join Date: Aug 2002 Location: I live in a pile of boogers Posts: 11,913

03-05-2009, 02:54 PM	#15
GirlBri Confirmed User Join Date: Mar 2009 Location: ICQ 424355353 Posts: 214	Yes. He alone brought about this crisis. No one else played any role in it whatsoever. True story.

03-05-2009, 02:55 PM	#16
PornMD Mainstream Businessman Industry Role: Join Date: Jan 2007 Location: San Diego Posts: 9,291	Damn...if I would have sold short one of the stocks I sold just a couple weeks ago, I'd have made over 30% - it dropped nearly 19% today alone! And Obama's telling me to BUY? lol __________________ Want to crush it in mainstream with Facebook ads? Hit me up.

03-05-2009, 03:01 PM	#18
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	Like I keep saying, if the US follows Japan's lead during the "lost decade" of the 90s, the "bottom" of the Dow Jones Industrial average will be 20% of its record high of 14000... 2800. We're still 4000 points away from the bottom. I hope this doesn't happen and I hope I'm wrong. But I think all these bailouts and stimuli will have MASSIVE unintended consequences. __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants