Bush's $700,000,000,000 Bailout!!!

[thesightless]

Re: Bush's $700,000,000,000 Bailout!!!

ok, markets closed. welcome to octrober 25th 1929.

i honestly think that no one outside of my industry (finance) has a clue on how bad this is gonna get if congress doesnt act within the next week or so.

[res0nat0r]

Re: Bush's $700,000,000,000 Bailout!!!

shit maybe -735

[ddr]

Re: Bush's $700,000,000,000 Bailout!!!

Change:-738.42 -6.63%

and still dropping...

[res0nat0r]

Re: Bush's $700,000,000,000 Bailout!!!

-748 now, damn

[thesightless]

Re: Bush's $700,000,000,000 Bailout!!!

official : as of right now, there is only one market that didnt lose 5%.. frankfurt @ 4.2%

global disaster brought to you by teh US republican and democratic parties.

[day_for_night]

Re: Bush's $700,000,000,000 Bailout!!!

by your location listed, combined with ur comments, im assuming you live in a hut in the yukon adn hunt food.

der, i posted that quite awhile ago, not sure why it showed up that late in the thread. board glitch maybe...we've been watching this shit unfold all day.

[Miroslav]

Re: Bush's $700,000,000,000 Bailout!!!

I'm wondering if they may intervene and close the markets down early if this persists.

btw, just to state the obvious: This is not yet "the meltdown" that everyone keeps talking about. The full brunt of that - if it happens - is still to come.

[MJDub]

Re: Bush's $700,000,000,000 Bailout!!!

I'm wondering if they may intervene and close the markets down early if this persists.

btw, just to state the obvious: This is not yet "the meltdown" that everyone keeps talking about. The full brunt of that - if it happens - is still to come.

What should we expect?

[thesightless]

Re: Bush's $700,000,000,000 Bailout!!!

something i overlooked and failed to mention in the point by point thread.

point 7. after the failure, capital goods spending and large puchase spending tanks. destroying the automotive and large scale manufacturing industry. money dries up, people cannot afford home based production goods. companies like GE, stratton, samsung,sony, IBM, texas instruments, maytag, etc all lose demand and increase layoffs to stay alive due to the union labor contracts that refuse to lower pay to ensure more employment. global unemployment skyrockets, demand for manufactured goods dives.

[thesightless]

Re: Bush's $700,000,000,000 Bailout!!!

they may very well suspend trading if we the people can get these morons into session tomorrow morning. like i said, someone call colin powell and the national guard, get em to DC, and FORCE the issue.

[runningman]

Re: Bush's $700,000,000,000 Bailout!!!

this is just wallstreet going down crying. everyone is selling to push the bill in.

[thesightless]

Re: Bush's $700,000,000,000 Bailout!!!

everyone please read this. great explanation from a PRO, not someone who ahs sumin to say about a topic they have zero experience or schooling in.

http://www.marketwatch.com/news/story/dont-call-bailout/story.aspx?guid=0A2E0398-2E89-4F7F-B8C7-4150783B1B2E&dist=SecMostRead

[Miroslav]

Re: Bush's $700,000,000,000 Bailout!!!

What should we expect?

Expect another wave of bank failings, followed by a big wave of corporate/company failings as businesses get cut off from their financing. Maybe the Dow will get whacked back to like 7-8K over the period of a few months. Then expect a downturn in production, widespread deflation, decreased wages, and much higher unemployment. Other signs to look for include: (1) your bank being run on despite FDIC protection - and then waiting for weeks to months instead of days to get your cash back from the government; (2) your credit cards being shut off; (3) school/car loans being called in, (4) clear signs of impoverishment around you on a scale you've never seen before (crumbling roads, bread lines, etc.); and (5) general upturn in crime and civil unrest.

Basically, all the fire and brimstone stuff.

[thesightless]

Re: Bush's $700,000,000,000 Bailout!!!

miro, stay around, im about to head over to another office for the evening, i wanna chat.

[runningman]

Re: Bush's $700,000,000,000 Bailout!!!

Wow I have heard it all here. Miroslav laid it on thick.

Keep strong say no to the bailout!!