Dow Plunges 214 points

[Jackie S]

Useless thread? Oh, it would only be usefull if the headline was "Dow rises 214 points"?

[Guest040616]

Originally Posted by Jackie S

Useless thread? Oh, it would only be usefull if the headline was "Dow rises 214 points"?

No, that would be as useless as this thread!

Have you ever seen me start a thread about the Dow rising or dropping 214?

And furthermore, you won't either!

[TexasT]

Jackie mistakenly left off the exclamation points at the end of the headline of this thread. You can sense his glee in anything that might reflect poorly against Obama (which it doesn't), even if it is a negative for America. He'll be the first to high five his friends if we're ever hit with another attack, just so he can blame something big on the prez he hates.

[Guest040616]

Originally Posted by TexasT

Jackie mistakenly left off the exclamation points at the end of the headline of this thread. You can sense his glee in anything that might reflect poorly against Obama (which it doesn't), even if it is a negative for America.

I believe we have a bingo!

[gnadfly]

Sell in May and go away. I'll be buying during the dip in anticipation of the "Romney Recovery!"

[BigLouie]

Originally Posted by Jackie S

Wiping out a couple of months upward climb.

Totally non-news. The market goes up and down all the time. If the market climbs 215 points will you come back and post? I don't think so. Everyone thought the market was a bit over valued and this, to many, was just a correction that should have happened.

If you try to make statements concerning the market based on one day or one week for that matter you will just come off as uneducated.

[LovingKayla]

Damnit BL why do you have to post something I agree with? Damnit.

[CuteOldGuy]

I know. I hate it when Louie does that, but he does get it right occasionally.

[Sexyeccentric1]

Originally Posted by TexasT

Jackie mistakenly left off the exclamation points at the end of the headline of this thread. You can sense his glee in anything that might reflect poorly against Obama (which it doesn't), even if it is a negative for America. He'll be the first to high five his friends if we're ever hit with another attack, just so he can blame something big on the prez he hates.

Originally Posted by bigtex

I believe we have a bingo!

Ding ding ding! We have a winner!

[Jackie S]

CJ7 is the only one who got it.

You people need to lighten up a little. Geeze.

[Can I Play Too???]

Originally Posted by joe bloe

Bernanke is propping up the stock with extremely low interest rates. He can't keep doing it forever. As soon as the economy shows any signs of real growth, Bernanke will have to raise rates to avoid inflation and then the market will probably collapse, IMHO.

When the stock market goes down, it's deflation. An increase of goods and services is inflation (food and gas). When the stock market falls more, Bennie will say more QE(3) and magically, the propped up stock market goes up but the value of the dollar plummets further. It's a catch .22 because we have too much debt that we can never repay. The market will crash when all other countries stop accepting the dollar as the world reserve currency. For examples, see Greece and the pain in Spain.

The end

[Whirlaway]

Damn bricklayer fingers on an I phone; not a good match up !

Originally Posted by nwarounder

Dang whirl, you on your phone or drunk, lol

[LovingKayla]

I wanted to add for Jackie that I totally believe a major correction is coming. These drops may very well lead up to THE correction everyone is waiting on. I'm assuming that is what you're referring to? So yes, we agree, but the market goes up and down everyday. If it didn't, I wouldn't make any money. The drops are awesome for me... at least so far.

[joe bloe]

Originally Posted by Can I Play Too???

When the stock market goes down, it's deflation. An increase of goods and services is inflation (food and gas). When the stock market falls more, Bennie will say more QE(3) and magically, the propped up stock market goes up but the value of the dollar plummets further. It's a catch .22 because we have too much debt that we can never repay. The market will crash when all other countries stop accepting the dollar as the world reserve currency. For examples, see Greece and the pain in Spain.

The end

At some point we won't be able to roll over the national debt at extremely low rates like we're doing now. When we have to refinance the debt at rates like we had in the mid 70's and early 80's. I think that's game over. The higher interest will balloon the deficit which will make lending us money even riskier which will drive rates up even more; that's a death spiral.

I honestly think the federal government knows that they've gotten in too deep. They know that hyper-inflation is inevitable. I think Bernanke or whoever's running the Federal Reserve at some point in the next ten years will be forced to substantially devalue the dollar.

I think it's sort of funny that we call printing money "quantitative easing" as if calling it by another name will somehow make its less damaging to our economy.

[Can I Play Too???]

Originally Posted by joe bloe

At some point we won't be able to roll over the national debt at extremely low rates like we're doing now. When we have to refinance the debt at rates like we had in the mid 70's and early 80's. I think that's game over. The higher interest will balloon the deficit which will make lending us money even riskier which will drive rates up even more; that's a death spiral.

I honestly think the federal government knows that they've gotten in too deep. They know that hyper-inflation is inevitable. I think Bernanke or whoever's running the Federal Reserve at some point in the next ten years will be forced to substantially devalue the dollar.

I think it's sort of funny that we call printing money "quantitative easing" as if calling it by another name will somehow make its less damaging to our economy.

It's a misnomer (IMHO). I think that they (TPTB) enjoy using vernacular that goes right over the average person's thinking capabilities.