Closing numbers:NASDAQ busts below 2,100. Dow under 10,800. SP under 1,250

[Roland99]

DJIA 10,792.58 -99.34 -0.91%
Nasdaq 2,091.32 -43.74 -2.05%
S&P 500 1,236.40 -15.90 -1.27%
Dow Util 412.74 +0.51 +0.12%
NYSE 7,855.44 -109.88 -1.38%
AMEX 1,859.34 -23.80 -1.26%
Russell 2000 683.19 -18.20 -2.59%
Semcond 435.69 -8.47 -1.91%
Gold future 611.30 -1.50 -0.24%
30-Year Bond 5.03% -0.00 -0.02%
10-Year Bond 4.99% +0.01 +0.12%

2-year/10-year bonds in inversion and 10-year/30-year nearing inversion.

Interesting that such a large drop occurred prior to the PPI/CPI reports due later this week.


:scared:

[Democrats_win]

1. You´re doing a heck of a job, Bush.

[Master Mahon]

2. What is the market trying to tell us?

Those with the big bucks may be as 'dumb as doornobs' when it comes to politics and democracy, but when it comes to their 'greenbacks' they know when to head for the exits.
Things are not looking very good. 6 years of negative growth for the markets, who needs capital gains tax reductios?????????

[Roland99]

3. Percent change from Bush Jan. 2001 Inauguration to today >>>>>>>>>

5 1/2 years of the Bush Doctrine gives us:

DJIA: +2.03%
NASDAQ: -24.17%
S&P 500: -7.93%

[Master Mahon]

5. Awesome!

So much for the 'ownership society'!!

Great, if you like owning IOU'S!!!

Just imagine the State Social Security would be in today if we
went to private accounts 6 years ago!!
Many would be sharing their 'ownership' cardboard boxes out at the
rail yard I imagine!

[spanone]

8. But, but, but, I was told our economy was 'Robust'.

How many times have we heard that crap in the last six years.

[Roland99]

10. As long as you own stock in Lockheed or Halliburton

[still_one]

4. It isn't over either

I certainly hope people have diversified, because this can go another 10 to 20% down

[Skink]

6. There goes the Zarqawi bump.

[Roland99]

7. Defense, Energy, and Brokerage stocks can't handle the load anymore

[sweetheart]

9. ..the price of single sector government. (nt)

[Roland99]

11. Ayup. Take out the war on Iraq and the related deficit spending and

you have yourself a bonafide recession.

[letsgonova19087]

12. Why does everyone on here seem

so downright giddy when the market goes down?

I have a pension plan and I need to count on it for retirement. When the market makes money, I make money.

I know many of us here become aroused at the very thought of a slow economy as a club with which to beat Bush, but remember that many millions of Americans have pension plans that rely on the strength of the stock market. Don't let your hatred blind you.

[Roland99]

13. Who's giddy?

If you're not diversified then who is blind?

[Rainscents]

14. I would not worry about pension plan...

it won't be there. Company you work for will take it away slowly. This all start it in 2002 and it's working it's way so that, middle class will not be middle no more. Republicans goal is... two tier, upper and the slaves, that's it.

[prolesunited]

15. I'm not giddy

I'm losing money as well.

What I think you're missing is the irony that the GOP and their followers act as if their control is good for business and the economy will grow when the EXACT opposite is true.

If you look at their track record, you'll see their control is ONLY good for big business and the nation's wealthiest.

Don't mistake laughing in the face of tragedy being used as a defense mechanism as being giddy.

[alfredo]

16. For me it isn't giddy. Yeah I laugh at it. It's either that or

anger and fear.