Dow tumbles down some 780pts

[Flicktitty]

:wooo this is not good.

CLICK HERE (http://news.yahoo.com/s/ap/wall_street)

and i personally cannot believe they said no to the bailout. :chair:

Click here (http://news.yahoo.com/s/ap/20080929/ap_on_bi_ge/financial_meltdown)

this is not looking good for anyone.

[Car Guy]

I'm glad the bill didn't pass, sure it may be tough in the short term but that bailout would only postpone what is inevitable.....

[4eyedstang]

guess we will have to wait and see.

[JC70SS]

We'll survive. There are plenty of strong banks around.

[Karps TA]

Hopefully all our companies bank with those "Strong" banks. Would suck not to get a paycheck because the bank won't lend money to our jobs to cover payroll.

[Silver03SRT]

if your company is borrowing money to cover pay roll then it probably isnt in that good of shape in the first place. thats just my thoughts.

[Reverend Cooper]

fuck the bad banks made bad by the democrats for passing bills and legislation making it hard or impossible for banks to say no to shit borrowers. they all can die in a fire

[HRSEPLA]

How much do they need, I can put somethin' on it:thumbsup

[GTSLOW]

Insane. They said 1.2 trillion lost?

[Smokey1226]

I'm glad the bill didn't pass, sure it may be tough in the short term but that bailout would only postpone what is inevitable.....

I couldnt agree more! We'll get by, and those that are stong enough to make it through this are going to SHINE when things get back on their feet!

[ricksws7]

I am also glad it did not pass. Those troubled companies need to go under.

[Breecher_7]

Hell yeah, this is good in my eyes. No more free money!!!!!

[GRAMPS SS]

i'm not worried.....this will turn around for the better....IMO if we would of done the bail out...i think we would of been screwed....now...i think we can open our belts so to speak....and i agree with another post...if your company has to borrow tomake pay roll....time to look for another company to work for...

[moels]

I'm glad it didn't pass, but I am worried that they will get it to a re-vote and sneak it through anyway. ****** politicians!

It was funny to see the different news agency's point of views on the matter. Aren't they just suppose to report the news......bwahahahaha!

Fuck the troubled banks that screwed themselves, why should Joe Taxpayer get screwed with a bailout? I also agree with the post about companies needing short-term borrowing for payroll and things. I would think that would be a company on its way out anyway.

[Adam Brooks]

God damn good thing that shit didnt pass. 700 Billion would come in from China and Saudi Arabia. http://globaleconomicanalysis.blogspot.com/2008/09/us-treasury-to-rely-on-china-and-middle_28.html
Kiss America as a super power goodbye once we're in those fuckers pocket books

Furthermore this bailout even if passed wont fix the underlying issues of our financial systems in America.

HOWEVER the current level of the DOW is at the SAME level of the height of the .com boom. how long thats lats i have no idea. IDK about you but America hasnt stopped yet

now the media is hyping this thing up like OMG look what happened we need this etc. We need the Feds to stop trying to manipulate the fuck out of the markets and this kind of shit wont happen

[Karps TA]

if your company is borrowing money to cover pay roll then it probably isnt in that good of shape in the first place. thats just my thoughts.

I think you'd be shocked how much borrowing is done by major companies and banks. It's a pretty common practice. As a major company if you sit on alot of cash, you're ripe for a takeover.

The scarey part is oil dropped $10 today as well. So the money isn't being moved. It's being removed and funds/people are selling at any price to get out. That's a ominous sign IMO.

[Smokey1226]

Funny how the Dems wanted it so bad, and the Rep's turned it down.


On a sad note i lost another 9% on my funds today :(

[Car Guy]

I thought it would have been the other way around.....:stare

[Smokey1226]

I thought it would have been the other way around.....:stare

neg, the Dems think they have the answer to save the economy right away. And with the bail out nObamas plan was trying to push his economic plans at the conventions.

Now, there is not quick change plan. Its going to force the economy to build back up slowly. Which isnt a problem, because in the end thats what weeds out the strong versus the weak.

[Car Guy]

Jeez, politics in general makes me want to :puke my fuck!ng guts out.....

[Karps TA]

Bush is a Democrat? I could have sworn the overall basis of this plan was from his administration. The Dems wanted more protection for homeowners and other things in it like limits on exec compensation.

The Republicans are crapping on it cause it's by Bush and the last thing many of those guys, many whom are up for reelection soon, want is another WMD fiasco.

Unfortunately this has turned into a political game where both sides prefer to point fingers then come up with a fix. They might as well stick their thumbs us their asses, cause at this point it would be just as useful.

[pOrk]

I have some money sitting in the bank, maybe its time to buy some stocks

[moels]

I have some money sitting in the bank, maybe its time to buy some stocks

Same thing I was thinking. I just need to know what to buy. I've always been told to buy things that are stable for the long run, but nowadays how do you find something like that? lol

[pOrk]

If your going to buy in now I imagine a high risk stock is where you want to be, gotta find something that is strong enough to make it through whats coming though. Thats the hard part.

[moels]

I'd love to know the market enough to buy $4000 of something and have it hit big in the near future and net me a big profit. Crap like that doesn't work out that way for me though. lol

[GRAMPS SS]

If your going to buy in now I imagine a high risk stock is where you want to be, gotta find something that is strong enough to make it through whats coming though. Thats the hard part.


the wife and i are going to buy more stocks in our Indiana power company stocks...you need electric and gas....plus look into some others...buy low...wait for it to climb and dump it...RETIREMENT....

[GRAMPS SS]

I'd love to know the market enough to buy $4000 of something and have it hit big in the near future and net me a big profit. Crap like that doesn't work out that way for me though. lol



When in need...buy WEED.........:thumbsup

[Goat Roper]

neg, the Dems think they have the answer to save the economy right away. And with the bail out nObamas plan was trying to push his economic plans at the conventions.

Now, there is not quick change plan. Its going to force the economy to build back up slowly. Which isnt a problem, because in the end thats what weeds out the strong versus the weak.

Not exactly overwhelming numbers for either party and one of the bill's major writers was our conservative republican congressman Paul Ryan; http://www.webtrendsguy.com/09.29.08.EconomicRescue.pdf

Yea: 205
Nay: 228

Democrat
Yea: 140
Nay: 95

Republican:
Yea: 63
Nay: 130

[moels]

When in need...buy WEED.........:thumbsup

If some of the dumbest people in society can sell drugs and make some money, I could make millions. I just can't bring myself to do that. :goof

[jbiscuit]

if you want to get in, get in now. Make BIG money if you do it right :)

[Karps TA]

I'd wait until the bailout is figured out. Cause if it's dead, then the Dow has probably got another 2500 point drop in it yet.

Funny that people are against the bailout cause of that pricetag. I'm betting alot of people have lost more in their 401K's and other retirement savings due to this collapse, then it will cost them come tax time.

[moels]

Bailing out these companies in my mind would lead to an on-going cycle of careless lending and the taxpayer getting taxed to death. My 401k will recover in time when the market hits an upswing on its own.

[07ROUSHSTG3]

if only the dems hadn't been against regulating frannie, freddie, and the other major banks months ago when the republicans tried to pass the largest regulation bill EVER, LOL!! now they are scrambling to try to appear as the "regulators" of wall street. it is laughable. that is why the republicans are against this bill, they know that unless they take a stand and make some fanfair about it, the public will be fooled into thinking that this is a great democrat idea. even though the bush admin did draft the majority of it, it is pelosi and old harry that you are seeing on the news.

and yeah, the stock market will come back around, always does.

[animal]

Ha! It's kinda funny to me actually, cuz it's the typical "we're-spoiled-and-over-doing-it" thing that did it to us all again. Kinda like cheap gas so people don't buy efficient cars they can afford to run. Which is fine but then they're all surprised when they use a lot of gas and it gets expensive. All of a sudden they can't afford the car. Now the bottom falls out on the housing shit and guess what people can't afford to stay in the houses they shouldn't have gotten in the first place. The same type of thing happens with fast cheap food and weight gain, credit cards/payday loans & overdebt, too-long-sports-seasons & loss of interest, cheap hookers & stds? Ok I'll stop with analogies. All that stuff got overdone, the givers got richer, and it's basically time for all the spoiled to pay the piper. Just like weight gain, gas guzzlers, and credit card debt.

But meh, All my profit sharing money down the tubes I guess. Not like I had a choice to put it anywhere but the 401. The only people that should be freaking out over 401 value is people that are going to retire this year or the near future. All the cash I'm still throwing in the 401k is buying cheap shares now. It will come back up well before I'm set to retire and those cheap shares will net gains at some point. That's why it's called "risk".

[Al]

I thought it would have been the other way around.....:stare

Me too.

I was surprised when I saw the democrats backing the bill up.

[Cryptic]

I'm betting alot of people have lost more in their 401K's and other retirement savings due to this collapse, then it will cost them come tax time.

I never say this, because I think its so cliché, but here goes.

Quoted for Truth!

[Goat Roper]

word, unless some sort of 180 happens here in the next few months

[DirtyMax]

Got back ~400 of those points as of this moment today....

[Karps TA]

That's just bargain hunters. There's a whole bunch of companies that got hit by shrapnel yesterday for no reason other then people panicking and selling.

[Silver03SRT]

Yep people are going to buy it low and then dump it thats when we will see another big loss.

[GRAMPS SS]

Yep people are going to buy it low and then dump it thats when we will see another big loss.

isn't that when you make money...you buy low and sell when it's high...i know i'll sell when it's high...:goof.and then buy some other stocks that are low that show promise...and then unload them when they get high....i have to think of my retirement....not like SS will be there for me when i retire....hell at this rate..i'll be working way beyond the time i have set....but i did make up some good ground today...lets see what tomorrow brings...

[07ROUSHSTG3]

man.....it just keeps getting worse and worse. i pulled all my money and put in mutual funds to be a bit more conservative, and even that is killing me right now?!?!? more and more talk about a recession makes me wonder if i should just cut my losses, pull out and wait for things to work themselves out. have lost almost 70K YTD.

do i pull out or stick with it?!?! depressing for sure.