DOW is down to 11,796.24

[RLLD 4,275]

Figures you'd come up with a stupid politician's answer like this. None of your links support your stance on seller culpability. TDRyan already posted in your thread this morning how he reread the whole thing and it was a bunch of BULLSH!T. That's why I keep asking. If you're going to accuse people of committing felonies you should at least be able to substantiate the claim.

 

 

So, are you SURE you want to assert that i never posted a single link to substantiate any of my analysis?? Are you ABSOLUTELY certain you want to say that is a fact in your opinion? This will be your chance to take a stance here chief, because I have every thread saved for easy recovery, and every single one has a link sourcing what I was asserting, so lets here it......come on now.....

[IAMWood 6]

yer momma

 

[Strike 6,019]

So, are you SURE you want to assert that i never posted a single link to substantiate any of my analysis?? Are you ABSOLUTELY certain you want to say that is a fact in your opinion? This will be your chance to take a stance here chief, because I have every thread saved for easy recovery, and every single one has a link sourcing what I was asserting, so lets here it......come on now.....

 

You have never posted a link supporting your assertion of seller's culpability. It seems to me that if you're going to accuse people of committing felonies you should support it. Are you deaf, dumb, or both?

[RLLD 4,275]

You have never posted a link supporting your assertion of seller's culpability. It seems to me that if you're going to accuse people of committing felonies you should support it. Are you deaf, dumb, or both?

 

 

OOOOHHHHH, I see, so now you are suddenly qualifying for us, that is convenient. Luckily, I am providing my own individual opinion on that aspect of all this and have repeatedly noted that i am alone in this assertion so requesting a link or support for my opinion as such is either a stronger demonstration of your stupidity, or just more of the same spinning that makes you less GFIAFP and more torrid...

[LOD01 199]

Dow, naz, S&P.....your 401k.

 

S&P in 1998: 1106 and change

 

S&P in 2008: 1098 and change.

 

Any questions?

[KingofBeer 0]

Any questions?

 

When are you going to stop making the same stupid, pointless posts?

 

Link

[LOD01 199]

When are you going to stop making the same stupid, pointless posts?

 

Link

 

 

When you retards wake up.

[BMoney 0]

Ok.

 

Strike/RLLD

 

Go to your rooms without dinner

 

 

no one can afford dinner anymore

[KSB2424 3,173]

Dow, naz, S&P.....your 401k.

 

S&P in 1998: 1106 and change

 

S&P in 2008: 1098 and change.

 

Any questions?

If you told me in 1998 that I can put money into an account BEFORE it is taxed and my employer will match that amount up to 4% (free money) but it will make 0% interest for 10 years. I would still take it in a heartbeat. HTH

[edjr 6,898]

Dow falls below 10,000

Blue-chip average under milestone for the 1st time in nearly 4 years as fears about financial crisis grow.

 

NEW YORK (CNNMoney.com) -- Stocks tumbled Monday, with the Dow Jones industrial average falling below 10,000 for the first time in nearly four years, as European governments' rush to prop up failing financial firms underscored the global reach of the credit crunch.

 

Credit markets remained tight, with two key measures of bank jitters hitting an all-time high. Treasurys rallied, lowering the corresponding yields as investors sought safety in government debt. Gold rallied for the same reason. Oil dipped. The dollar was mixed versus other major currencies.

 

The Dow Jones industrial average (INDU) lost around 400 points or 4% in the early going, and fell below 10,000 for the first time since Oct. 29, 2004. The Standard & Poor's 500 (SPX) index and the Nasdaq composite (COMP) both lost more than 5%.

 

Stocks slumped Friday, as the Wall Street's worst week in seven years ended with President Bush signing the historic $700 billion bailout bill after weeks of contentious debate. The bill involves the Treasury buying bad debt directly from banks in order to get them to start lending to each other again.

 

[Hurricane Ditka 0]

So we are going 700 Billion more in debt. And it is not going to have any impact on the market.

 

So what was the big hurry to get it passed?

[edjr 6,898]

So we are going 700 Billion more in debt. And it is not going to have any impact on the market.

 

So what was the big hurry to get it passed?

 

So we could move that much closer to being a socialist nation.

 

DUH!

[Big_Pete 0]

RLLD should rename this thread to make it 9,836.98

[RLLD 4,275]

RLLD should rename this thread to make it 9,836.98

 

[IAMWood 6]

Hadn't seen reclier puzzy around here lately... I wonder why?

 

 

[RLLD 4,275]

Hadn't seen reclier puzzy around here lately... I wonder why?

 

 

 

he is "checking the thermostat".....for those of you familiar with the term

[LOD01 199]

If you told me in 1998 that I can put money into an account BEFORE it is taxed and my employer will match that amount up to 4% (free money) but it will make 0% interest for 10 years. I would still take it in a heartbeat. HTH

 

Sure you would...but you won't be retiring.

[LOD01 199]

Let's bump this bad boy to the top.

 

S&P in 1997: 800 and change

 

S&P in 2008: 806 and plummetting. That's now 11 LONG years of no gains.

 

How's that 401k looking, chumps? Not too good.

[The Moz 71]

If dow was only still at 11,796

 

we are working on 1/2 that right now.

 

1929 here we come ... or is it here we are??

[LOD01 199]

If dow was only still at 11,796

 

we are working on 1/2 that right now.

 

1929 here we come ... or is it here we are??

 

All I can say is 'ya got a gun?'

[KSB2424 3,173]

Let's bump this bad boy to the top.

 

S&P in 1997: 800 and change

 

S&P in 2008: 806 and plummetting. That's now 11 LONG years of no gains.

 

How's that 401k looking, chumps? Not too good.

Considering my company matches my contribution up to 4% (free money) and I was not taxed on any of that contribution. It was a great call for me. A no-brainer actually. Even if it has gained a 0% return in 10 years. HTH

 

Not sure why you don't understand this point. That is the beauty of a 401(k). Even if the return is not good, you still come out way ahead. Why do you not understand this?

[Recliner Pilot 61]

If dow was only still at 11,796

 

we are working on 1/2 that right now.

 

1929 here we come ... or is it here we are??

 

OBAMA!!!!!!!!!!!!!!!

[buffalobillsffl2003 0]

The magical negro will fix everything...in the meantime, you slaves get back to work!

 

[RLLD 4,275]

[buffalobillsffl2003 0]

 

 

NOW you have no answers...

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[RLLD 4,275]

NOW you have no answers...

 

There is an answer, but only in the last week or so has it even been considered by the people who can do anything...

 

The dirty little secret fix is to use that bailout money on consumers. Consumer spending is 2/3 of our economy and people have stopped spending......you save the people and the entire economy kickstarts....

 

I have said all along that once home prices fall into proper order, in their proper place alongside salaries and rents, this entire debacle stops within a few months.

 

Here is the way out, forget the banks et al, they are already done, they were done over a year ago. That is all behind us now....

 

NOW is the time to use that money to renegotiate home loans to their proper place where the people holding the mortgage can afford them at 20-25% of their income. The individual home owners are given money from the stuff set aside that permits them to do this, they arrive at a mortgage that is accurate to the intrinsic value of the home, that they can afford, that allows them to resume discretionary spending. This is a win for everyone.....

 

With the restoration of sanity back into the housing market you can arrive at a more stable market, overall economy, and one capable of long term health. The money is there, now lets use it, we can fix this....

[Strike 6,019]

Sorry guys. I didn't realize selling a house for a profit would cause such a huge meltdown. If I'd known this I would have just given it away to a firefighter or teacher.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OR NOT

[buffalobillsffl2003 0]

There is an answer, but only in the last week or so has it even been considered by the people who can do anything...

 

The dirty little secret fix is to use that bailout money on consumers. Consumer spending is 2/3 of our economy and people have stopped spending......you save the people and the entire economy kickstarts....

 

I have said all along that once home prices fall into proper order, in their proper place alongside salaries and rents, this entire debacle stops within a few months.

 

Here is the way out, forget the banks et al, they are already done, they were done over a year ago. That is all behind us now....

 

NOW is the time to use that money to renegotiate home loans to their proper place where the people holding the mortgage can afford them at 20-25% of their income. The individual home owners are given money from the stuff set aside that permits them to do this, they arrive at a mortgage that is accurate to the intrinsic value of the home, that they can afford, that allows them to resume discretionary spending. This is a win for everyone.....

 

With the restoration of sanity back into the housing market you can arrive at a more stable market, overall economy, and one capable of long term health. The money is there, now lets use it, we can fix this....

 

 

I was just joshin with you.

 

 

 

 

 

 

 

joshin?

 

 

Do you think we might see long-term sanity develop in regards to spending and saving...consumers/businesses, etc.? I should think so, but I'm not holding my breath. This has been a good kick in the a$$ for many people.

[TheBlade 3]

There is an answer, but only in the last week or so has it even been considered by the people who can do anything...

 

The dirty little secret fix is to use that bailout money on consumers. Consumer spending is 2/3 of our economy and people have stopped spending......you save the people and the entire economy kickstarts....

 

I have said all along that once home prices fall into proper order, in their proper place alongside salaries and rents, this entire debacle stops within a few months.

 

Here is the way out, forget the banks et al, they are already done, they were done over a year ago. That is all behind us now....

 

NOW is the time to use that money to renegotiate home loans to their proper place where the people holding the mortgage can afford them at 20-25% of their income. The individual home owners are given money from the stuff set aside that permits them to do this, they arrive at a mortgage that is accurate to the intrinsic value of the home, that they can afford, that allows them to resume discretionary spending. This is a win for everyone.....

 

With the restoration of sanity back into the housing market you can arrive at a more stable market, overall economy, and one capable of long term health. The money is there, now lets use it, we can fix this....

That sad part is, nobody with the power to make this happen actually has enough sense to make this happen. We the People don't have the media backing to generate the type of publicity to get this heard. And since we're fighting the financials and Big 3, who have been all over the papers about how important it is for the government to bail them out to save the economy, we're done.

 

I've seen believable predictions of the Dow dropping to 3,000-5,000. We're in for some tough times.

[RLLD 4,275]

I was just joshin with you.

joshin?

Do you think we might see long-term sanity develop in regards to spending and saving...consumers/businesses, etc.? I should think so, but I'm not holding my breath. This has been a good kick in the a$$ for many people.

 

 

No.

 

I think the moral base for the American people was lost long ago, and it is unlikely to be found anytime soon. Reagan heralded the era of deregulation as the future for America, and wanted to leave everything to the "magic of the marketplace", but in reality there is no such thing as "magic" it is all illusion, just like our economy has been for nearly three decades.

 

We now arrive at a place where there are far more people like Strike or Gutter, who hold the notion dear that they are obligated to fock people over at any opportunity, and hold no moral or ethical obligation to their place in society; this is the message corporate America has heralded for decades to justify their own crimal/immoral/unethical actions.

 

From Skilling to Kozlowski to Fuld, these people all justified their bullsh!t actions and stances using this same flawed logic, it a sick and perverted mentality, but it is where we are.

 

We can expect more of the same in our future, until the works of Reagan, Gramm, and Greenspan are undone and some regulatory pieces put back in place, criminals will continue to hurt everyone.

[LOD01 199]

Considering my company matches my contribution up to 4% (free money) and I was not taxed on any of that contribution. It was a great call for me. A no-brainer actually. Even if it has gained a 0% return in 10 years. HTH

 

Not sure why you don't understand this point. That is the beauty of a 401(k). Even if the return is not good, you still come out way ahead. Why do you not understand this?

 

Don't mind if I bump this now that the MSM is jumping on board with what I already knew.

 

http://articles.moneycentral.msn.com/Retir...o-question.aspx

 

 

"There's just no guarantee that when you're ready to retire you're going to have the money," she says. "You either put it in a money market which pays 1%, which isn't enough to retire, or you expose yourself to huge market risk and you can lose half your retirement in one year."

 

"This is the biggest test that the 401(k) plan has seen to date, and it has failed," says Robyn Credico, the head of defined-contribution consulting at Watson Wyatt Worldwide,

 

For many workers saps, 401(k)s have come to replace "defined-benefit" pension plans - ME , which pay a specified amount to employees who retire after a set number of years.

[IAMWood 6]

Don't mind if I bump this now that the MSM is jumping on board with what I already knew.

 

http://articles.moneycentral.msn.com/Retir...o-question.aspx

"There's just no guarantee that when you're ready to retire you're going to have the money," she says. "You either put it in a money market which pays 1%, which isn't enough to retire, or you expose yourself to huge market risk and you can lose half your retirement in one year."

 

"This is the biggest test that the 401(k) plan has seen to date, and it has failed," says Robyn Credico, the head of defined-contribution consulting at Watson Wyatt Worldwide,

 

For many workers saps, 401(k)s have come to replace "defined-benefit" pension plans - ME , which pay a specified amount to employees who retire after a set number of years.

 

At least the 401K is yours in your account, a pension may or may not be there when you retire. Ask Continental employees or Enron employees.

 

 

The same people say "yeah, put your money in and let it grow, the market produces x% yearly over the longterm..." and "market timing is a fool's errand." But if you pay somewhat close attention to some things, like huge energy costs and the housing bubble while the market is close to an all-time high, you can time some things and invest your 401k wisely. Maybe I have just been lucky. but I will take it when I get unlucky.

 

[LOD01 199]

I work for the Gov't. My pension will be there.

 

Yet another article: http://www.msnbc.msn.com/id/28814777

 

There is a major social and cultural message in the current economic collapse for the future retirees of America: Forget retirement.

 

That's right. The recession is making clear what we've suspected for a long time. The concept of not working and embracing leisure for the last third of one's life isn't practical for most people.

 

Have fun.

[nobody 2,883]

Why do you keep saying that 401ks are going to leave you broke? I've been contributing to my 401k since May 2000. We are in the middle of the worst economic crisis we've seen since the Great Depression and over the life of my 401k, I'm up 36%.

[LOD01 199]

Why do you keep saying that 401ks are going to leave you broke? I've been contributing to my 401k since May 2000. We are in the middle of the worst economic crisis we've seen since the Great Depression and over the life of my 401k, I'm up 36%.

 

Keep dreaming. Who the hell are you, Bernie Madoff Jr?

 

The overall market is down about 50% since you started a 401k but you are up 36%. You may want to send your resume to Wall Street as you are the only one with 'gains' like that. (gains) in quotes because you are bullshit.

[Ravens 03 0]

So where's the bottom of the DJIA?

[Big_Pete 0]

So where's the bottom of the DJIA?

I've heard 3000-4000

[RLLD 4,275]

This thread is sort of funny to look back over now.....

 

You have RP with his "check the thermostat" mentality and lack of vision on how the market was course-correcting, AND even strike continuing to celebrate his own individual contribution to the overall destruction of the economy.

 

Good times I tell you, GOOD TIMES.....

[Hurricane Ditka 0]

OK Mr. Limo Driver,

 

Explain to me what exactly is going on with banks?

 

I want to refinance my home at a lower rate. But can't because my credit score is 680 and I can't get a lower rate with countrywide. I have never been late on a payment on this house for the 3 years I have been in it. I owe 157K on a house worth 220K.

 

My neighbor has missed 10 payments in a row. 10!!!! Same house basically, not quite as well kept prob worth 210K and I know he has a second mortgage. The bank (countrywide) is offering him a lower rate to keep him in his home. Not sure what his credit score is.

 

Any logic to this?

[Recliner Pilot 61]

This thread is sort of funny to look back over now.....

 

You have RP with his "check the thermostat" mentality and lack of vision on how the market was course-correcting, AND even strike continuing to celebrate his own individual contribution to the overall destruction of the economy.

 

Good times I tell you, GOOD TIMES.....

 

Unless you can show anything to the contrary, every post of mine in this thread is 100% correct. I made no predictions one way or the other, simply stated facts as things unfolded.

 

But you keep thinking you accomplished some amazing feat if that makes mommy proud.

 

And the fact you think Srike's sale of his house helped bring on the recession is some funny shiat.