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Thread: Stocks pile on losses amid worries on economy

  1. #41
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by Ockham View Post
    Got new for you - Europe is driving this. We go down, you go down.
    Very true. The people cheering our demise will see the results in their own backyard soon enough.

    Quote Originally Posted by tessaesque View Post
    Anybody else irritated by the phrasing in the title? "Markets pile on losses"...If something is diminishing how is it also piling on?
    The media loves word games.

    Quote Originally Posted by 1Perry View Post
    The "markets" are not the economy. The "markets" can fall while the economy improves. As I note, remove the additional money in the commodity markets and the economy improves. Yes, Wall Street suffers for a bit until the economy actually improves and well, Timmy and Bernie can't allow that.

    The markets are NOT a good barometer for how the economy is doing especially when the government is manipulating it.
    good point.

    Quote Originally Posted by tessaesque View Post
    ...we don't have the money to do another stimulus. We've got $14 trillion in debt, we're borrowing over GDP, and half of everything we spend is via borrowing. We cannot afford another $2 trillion or more in money that didn't have much affect the first time it was used.
    Too bad we can't get that $16 trillion back the fed loaned to foreign banks and corporations.

    Quote Originally Posted by 1Perry View Post
    Inflation is extremely low based upon current standards. Based upon historical standards it was far higher. I'll have to find the link later but I believe the numbers at it's peak recently inflation measured the same way we measured it in 1978 was around 10%.
    Except that those numbers are also manipulated by the government. I'd imagine the actual numbers are much more alarming. I guess we'll find out in a few years when the government goes back and changes its original figures just as it did with the unemployment rates.
    “In politics, stupidity is not a handicap.” -Napoleon

  2. #42
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by evanescence View Post
    Except that those numbers are also manipulated by the government. I'd imagine the actual numbers are much more alarming. I guess we'll find out in a few years when the government goes back and changes its original figures just as it did with the unemployment rates.
    Unfortunately there is no going back. Administrations have regularly changed the formula to make things look better than what they actually are. (administrations from both parties, I'm not accusing Obama of fudging the numbers. They were already fudged)

  3. #43
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    Re: Stocks pile on losses amid worries on economy

    Dow approaching a 500 point loss, and that is actually pretty good compared to the other indices.

  4. #44
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by PeteEU View Post
    As it stands now, the panic in the markets make zero sense... oil AND gold are down considerably last I looked as well as the markets.. and all that because of a made up problem with Italy? I smell a rat.. someone is successfully influencing the markets in a negative way... and as they say... follow the money... who ever made a bundle the last few weeks... there you have your problem.
    Sounds like Soros at work again.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





  5. #45
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    Re: Stocks pile on losses amid worries on economy

    DING DING DING!! The Dow closes down 512 points (-4.31%). The New York Stock Exchange lost 5.4%.

  6. #46
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by teamosil View Post
    At the moment, the DOW is down two hundred and some points for the day. That's not that odd. I'm finding 31 days in the past 2 years where the market moved more than 200 points in a day. About evenly split between down and up, although overall obviously the trend has been way up. Ups tend to come in lots of days with small gains more.
    lol.....see end of day.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


  7. #47
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by Gill View Post
    i'm just glad we pulled out when we did......

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


  8. #48
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by liblady View Post
    lol.....see end of day.
    Yeah, wonder if he thinks it's still just a average day on Wall Street ??

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





  9. #49
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by liblady View Post
    i'm just glad we pulled out when we did......
    Oh well, guess I'll be working til I'm 75 at this rate.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





  10. #50
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by Gill View Post
    Yeah, wonder if he thinks it's still just a average day on Wall Street ??
    No. It's not. That's a bad day for sure at -512.

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