DJIA - Sub 10,000

flarider
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flarider
Edited Date/Time 1/21/2012 6:36pm
It just went below 10,000

Hovering at that mark at the moment


Not since Oct 2004 has it been that low
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j100
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j100 10/6/2008 7:25am
10/6/2008 7:25am
check out the news at www.bloomberg.com shit is hitting the fan all over the world. the US is sitting pretty in comparison.

OIL is below 90 bucks.
BDOG
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BDOG 10/6/2008 7:27am
10/6/2008 7:27am
Bring on the pain!!
WORCSRacer
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WORCSRacer 10/6/2008 7:45am
10/6/2008 7:45am Edited Date/Time 4/16/2016 8:43pm
hmmm so much for the bailout plan holding up the market.

by October 20

DJIA
Ivan
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Ivan 10/6/2008 7:45am
10/6/2008 7:45am
Get this. If you bought into the Dow in March of 1999, you have made 0% in returns. Kind of blows the "buy and hold" theory out of the water.

The Shop

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flarider
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flarider 10/6/2008 7:47am
10/6/2008 7:47am
-525
j100
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j100 10/6/2008 7:48am
10/6/2008 7:48am
the bailout will help a lot of big banks, but they've always said it wouldn't be the sole answer to this problem.

greed across the world is becoming more and more obvious every day.
WhKnuckle
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WhKnuckle 10/6/2008 7:53am
10/6/2008 7:53am
Is short selling still outlawed? If it is and the market is still in the toilet, think where the market would be if you could still short sell.
xewbx
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xewbx 10/6/2008 7:56am
10/6/2008 7:56am
WhKnuckle wrote:
Is short selling still outlawed? If it is and the market is still in the toilet, think where the market would be if you could still...
Is short selling still outlawed? If it is and the market is still in the toilet, think where the market would be if you could still short sell.
It wasn't outlawed.......only restricted on a specific list of stocks. Since 911 though there has been a system in place to stop the automated shorts on a dropping market.

Going to be a fun October for sure.
WORCSRacer
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WORCSRacer 10/6/2008 8:03am
10/6/2008 8:03am
Here's something to ponder, since the market is selling off, where are people putting the capital they receive from the sale? Certainly they aren't "trading"...
WhKnuckle
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WhKnuckle 10/6/2008 8:07am
10/6/2008 8:07am
Does anyone have any idea how the US GDP and Dow correlate over a long period of time - like since 1980? Has the Dow outrun GDP to a large extent, implying that maybe the Dow is inflated? I'm no economist, but just emperically I think it might be.
j100
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j100 10/6/2008 8:07am
10/6/2008 8:07am Edited Date/Time 10/6/2008 8:08am
the money is in their mattresses.
WhKnuckle
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WhKnuckle 10/6/2008 8:08am
10/6/2008 8:08am
WORCSRacer wrote:
Here's something to ponder, since the market is selling off, where are people putting the capital they receive from the sale? Certainly they aren't "trading"...
Presumably bonds, or at least that's the conventional wisdom.
xewbx
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xewbx 10/6/2008 8:13am
10/6/2008 8:13am
WORCSRacer wrote:
Here's something to ponder, since the market is selling off, where are people putting the capital they receive from the sale? Certainly they aren't "trading"...
Watch the treasury bills market.
Racer92
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Racer92 10/6/2008 8:14am
10/6/2008 8:14am Edited Date/Time 4/16/2016 8:43pm
WORCSRacer wrote:
hmmm so much for the bailout plan holding up the market.

by October 20

DJIA
Doesnt matter if oil is
WORCSRacer
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WORCSRacer 10/6/2008 8:18am
10/6/2008 8:18am Edited Date/Time 4/16/2016 8:43pm
Who are some of the largest investors in the market... Insurance companies. What is relatively liquid asset? Stocks. Who has to pay for things like Ivan? Insurance companies. Where do they get money to pay losses? Either from borrowing money (not very easy right now) at rates lower than their return from investments or they have to sell liquid assets...


Who is the largest insurer? AIG Who is the largest Insurance underwriter? AIG. Who will have to pay out more than anybody? AIG. Who's in the tank. AIG. Who is the the largest investor and underwriter of the market? AIG. Who has an 85 billion dollar loan guarantee? AIG. Who STILL has to sell off assets because that isn't enough? AIG.


Pretty simple math.
txmxer
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txmxer 10/6/2008 8:53am
10/6/2008 8:53am
Racer92 wrote:
Doesnt matter if oil is
Racer is the pit bull to the oil markets.

Not gonna let these f'rs off the hook for all that gouging are you?

Rooster
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Rooster 10/6/2008 9:38am
10/6/2008 9:38am
As the money pulls out of the market in moves into T-bills and bonds it stays out of the banks which further constricts the banks lending policies.

So much for that 700B band-aid. Wait until the fall earnings start to come in and the market will really tank hard.
No Spin Zone 10/6/2008 9:46am
10/6/2008 9:46am
At least the banks will take the 700,000,000 and loan it back to us at interest thus paying back the "loan" that we're paying them with our own money...

Pit Row

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Rooster
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Rooster 10/6/2008 10:14am
10/6/2008 10:14am
Naw, they'll use that money to buy up the worthless paper and invest the profits in T-Bills like everyone else.

No Spin Zone 10/6/2008 10:19am
10/6/2008 10:19am
Rooster wrote:
Naw, they'll use that money to buy up the worthless paper and invest the profits in T-Bills like everyone else.

And continue to make themselves rich at our expense.
flarider
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flarider 10/6/2008 11:21am
10/6/2008 11:21am
-625
Tiki
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Tiki 10/6/2008 11:24am
10/6/2008 11:24am
him and the rest of the interweb.

Just because it was pushed out by Brittney Spears on the news, this isnt news. Its reality and we all knew it was coming. Why does everyone have the memory of a goldfish?
flarider
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flarider 10/6/2008 11:25am
10/6/2008 11:25am
-690
j100
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j100 10/6/2008 11:29am
10/6/2008 11:29am
every currency is diving like the dollar. you should take a look at some of the world events, then you'll realize we're not the only ones in a mess.

flarider
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flarider 10/6/2008 11:32am
10/6/2008 11:32am
-750

to 9583
j100
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j100 10/6/2008 11:33am
10/6/2008 11:33am
ahahhahahahaha it's all our fault, right?

you're the guy that would jump off the bridge if someone told you, right?

the whole world crisis is Bush's fault, muhawwwwww
dougie
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dougie 10/6/2008 11:46am
10/6/2008 11:46am
down 800
CR250Rider
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CR250Rider 10/6/2008 1:09pm
10/6/2008 1:09pm Edited Date/Time 4/16/2016 8:43pm
closed just above 10k


big swings !

Down 369.88


BDOG
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BDOG 10/6/2008 1:17pm
10/6/2008 1:17pm Edited Date/Time 10/6/2008 1:20pm
whew! what a day. This market requires to much attention. Should get a bounce tomorrow, panic selling from hell.
flarider
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flarider 10/6/2008 1:19pm
10/6/2008 1:19pm
9955.5

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