Dow closing down over 500 points today after falling almost 370 points yesterday!

[jenmito]

That's over 870 points in two days and McCain wants to "turn the page" on the economy? I REALLY hope Obama brings this up tonight!

[doublethink]

1. -517 ........

[jenmito]

3. It's right about 500 now.

[doublethink]

11. So much for cutting losses in half yesterday when it was down 800 ....

geesh .....

[jenmito]

13. Yup. Yesterday was a GOOD day in comparison to today!

[RUMMYisFROSTED]

2. If it weren't for the bailout the economy would be tanking.

[quispquake]

6. I thought it WAS tanking...

I see no help that our children's future bought us...none whatsoever...

[jenmito]

10. I THINK it's a little sarcasm.

[quispquake]

15. Woops...

you may be right...guess I'm a bit touchy there :(

[jenmito]

18. Don't worry...

everyone's a little touchy. (And for all I know, I'm wrong). :shrug: :hi:

[RUMMYisFROSTED]

21. You're not.

:)

[jenmito]

24. Thanks...

I didn't think so. :D :hi:

[WeDidIt]

4. -497 at teh moment

still changing, though.

[Jersey Devil]

5. If McCain talks about Ayers tonight he'll get booed off the stage

He'd have to be nuts to go there

[Marsala]

23. Too bad that he IS nuts, then

McCain doesn't have a message. He's going to go for the smears.

[WI_DEM]

7. Obama really needs to keep the focus on his plan to fix the economy.

[jenmito]

9. Yup. I hope McCain DOES try to change the subject to Ayers or something!

[nyhuskyfan]

8. S&P fell below 1000

It's at 997.

NASDAQ went below 2000 last week, and is now about 1750.

None of the numbers look good.

[Median Democrat]

12. Watch Your 401(k) Dry-up In Real Time On Yahoo

Here is a realtime update showing the fluctuating quotes for the DOW components. A red color code means that prices are falling. Its all red at the moment.

http://finance.yahoo.com/q/cp?s=%5EDJI

Notably, Bank of America has dropped by $8.00/share to $24.00.

[tekisui]

14. About 1400 points lost in one week.

[ladjf]

16. He must and will discuss the market tonight. This dramatic drop

in the stock market reduces McCain's obscene and frivolous attempts at character assassination to acts of domestic violence, bordering on treason.

Unfortunately, McCain's obsession to attain the Presidency has caused him to lose all control of any
sense of morality that he once possessed. It is a most pitiful situation. He will not gain the Presidency. He will not surpass the achievements of his father and grandfather. He will not be able to attain his hero status as a war hero. He will live out his life as a profoundly bitter and angry man. He has become a family and National tragedy.

[Median Democrat]

Obama Needs To Be Brutally Honest, But Offer A Clear Direction

For example, Obama's infrastructure improvement plan will create immediate jobs in the short term, and increase competitiveness in the long term.

[jenmito]

22. Exactly...

Great post! :hi:

[ladjf]

30. You might be interested to read what the Buddha said on the

subject of slander:

"The Buddha said: "An evil man trying to harm a worthy man is like looking toward Heaven and spitting; the spittle will not befoul Heaven but will return and befoul the one spittling. It is like throwing filth at someone while facing into the wind; the filth will not befoul anyone else but will return and befoul the one throwing. A worthy man cannot be harmed; a man's transgressions will surely destroy only himself."

[jenmito]

34. Thanks...

those sayings are so true.

[WeDidIt]

17. Looks steady now at -508

What a beating.

[uppityperson]

19. Down almost 29% in the last yr. Let's see what Our Leader has to say...

http://www.whitehouse.gov/news/releases/2008/10/20081006.html

We're glad to be here in San Antonio. I've just had a very illuminating conversation with small business owners here. We have a car dealer, a automobile repair shop, a restauranteurs -- two restauranteurs. And it's clear that these small business owners are dealing with the effects of a credit crunch. And by that I mean that they're having trouble getting money to be able to continue to either expand their business or to be able to -- money to help their consumers be able to buy their products. And it's -- and I told them one of the reasons why, you know, I was so strongly for this rescue package was inherent in the strategy of the rescue package is to free up credit, is to get money moving.

And it's going to take a while. I signed the bill on -- last week, but it's going to take a while to get in place a program that, one, is effective; two, that doesn't waste taxpayers' money -- we don't want to rush into this situation and not have the program be effective. It's going to take a while to restore confidence in the financial system. But one thing people can be certain of is that the bill I signed is a big step toward solving this problem.

A lot of people here in Texas and around the country are not pleased with the government having to take the steps they took. Their question is, I pay my bills, I pay my mortgage, why -- why are you helping Wall Street. And the answer is because had we not done anything, people like the folks behind me would be a lot worse off. We'll make sure, as time goes on, this doesn't happen again. In the meantime, we got to solve the problem. And that's why people sent me to Washington, D.C. When you see a problem, put a team together and solve it.

And I want to thank you all for your time. I'm glad to be back here in Texas. I miss my friends in Texas. I am -- you know, people say, are you looking forward to coming home. Yes, I'm looking forward to living here, but in the meantime, it looks like I'm going to have a lot of work to do between today and when the new President takes office. But Laura and I are glad to be with our friends and thank you for your time. Thank you all very much.

[paparush]

20. O' should bring EVERYTHING back to the economy tonight.

I mean everything. Every issue. The war. Social Security. Taxes. Education. EVERY FREAKING THING!

Oh..and keep up the meme that the middle class is the economic engine of the Economy.

Oh..and John McCain Surrendered
He surrendered to the special interests.
He surrendered to deregulation.
He surrendered to the Radical Religious Right.
John McCain surrendered his principles for power.

[jenmito]

25. You're right...

Great strategy! I hope he reads this!

[olkaz]

26. Yep, and I bought more stock!

I'm telling you guys, get in on this thing.

[truthisfreedom]

27. No buy signal for me until this guy says so:

http://www.wallstreetdigest.com/hotline.php

He will be updating in a couple of hours.

[olkaz]

28. Good enough.

I like to see fellow DU'ers take advantage of this opportunity.

A few years from now, a lot of people will be kicking themselves that they didn't make some investments right now.

[jenmito]

29. I called my father last Monday when the stock market fell 777 and told him

he should maybe sell his gold and he did-at its highest point for the day, too. (And it hasn't hit that high again, even today).

[olkaz]

33. Wow, nice work.

That's pretty astute of you. The precious metals market is pretty much unknown to me. Never held any.

[jenmito]

35. Thanks...

I have no stocks and no precious metals, but I know my father does. So I followed gold that day and called him exactly the right time. He sold it right then and the price went down about $17 dollars only minutes after he sold it. :D

[TexasObserver]

32. Hahaha! I remember my first time, too!

Keep telling yourself you're getting great deals!

The bottom is not close, yet. You're overpaying for whatever you're buying.

[olkaz]

36. I didn't even tell you what I'm buying!

A. For what I'm buying, I'm paying **way** less than it is actually worth, and I can quantify it.

B. It's not my first time.

Seriously, you believe that there isn't a single bargain out there right now? Nothing?

[TexasObserver]

31. The Bailout is working!! It's working!! Tell the villagers we have been saved!

Where are the bailout apologists? I see about three of the diehards, but the real advocates are nowhere to be found now.