CNN everyone laughing about the stock market being down 800 points

[katmondoo]

laughing still more when asked if it will go down further.

[Debau2005]

1. Maybe it is

hysterical, oh my god, the world is ending laughter?

[shaniqua6392]

2. Well contrary to what Bush has been saying.....

The economy is not "growing stronger every day". I knew the BS would catch up to him sooner or later. The middle class is dying. The oil companies and the Bush Administration are killing us. I hope it tanks. It is the only thing that makes his poll numbers go down. Gas prices and the economy.

[paparush]

8. Yeah..and Unindicted Rove is out encouraging Repukes to run on

the strength of the Economy (oh, and not to back down about their support for Iraq...we couldn't have that..no we couldn't, precious..)

[n2doc]

12. That has always been his strategy

Take a weakness and spin it into a strength. Remember how W suddenly became the war hero and Kerry the unpatriotic scoundrel? Same thing here. The worse the economy gets (and the market is saying recession, at least) the better it will be touted. And many will believe that. You will see folks sitting in gutters begging for food who will still claim, with a gleam in their eyes, that W has made America great...

[paparush]

14. Yep. We are literally living out '1984'.

[Zynx]

3. When you compare this sell off to others, there's nothing special about

it except that valuations are a lot lower, yes I do mean lower, than we normally see for a major sell off which means this year is something like 1994 with the Fed raising rates and creating a lot of anxiety and markets being lousy even at cheap valuations.

[KoKo]

4. We are getting close to a point where NO Gains have been made since 2001

in the Stock Market, though. Which covers Bush's squatting time in the White House. For the average American that means that their retirement savings haven't kept up with inflation. Not good if one is on the edge of retiring (Boomers) and not good for folks who might have to tap their 401K's for job losses.

[Zynx]

7. Considering where the S&P 500 was in 2002 at 775, I'll take flat since

2001 anyday.

[HereSince1628]

17. Frankly, owning a bit of a company isn't all about the market indexes

it's also about owning a piece of an earning$ making machine. Don't forget that is what companies are.

[Swamp Rat]

5. I noticed that earlier... the giggling and smiling.

The few talking heads I saw on CNN this morning were constantly giggling and smiling as bad news was being reported... I mean, they NEVER stopped smiling and/or giggling! :eyes:

[Tesla]

6. They'll blame 911 or Clinton

That gives them a free ride for all the bad ideas they have.

[Roland99]

13. It's the fault of the liberal media (which they're supposedly a part of)

[TheFarseer]

9. They keep saying

it's down on inflation fears. Why don't they just say it's down because of massive debt, oil prices, and a bad job market which is killing consumer confidence? There's no truth anywhere anymore.

[Scurrilous]

10. Giggling morons in the morning...

...happens on the radio too. Every day between 5:00 and 6:00 AM, all the radio stations on my presets switch from normal DJ's to laughing hyenas. The sh@t doesn't stop until 10:00 or so. Drives me freakin' nuts.

[fasttense]

11. Well think about it.

Aren't the indicies like the DJIA and S&P designed to measure the stock market?

These indicies have declined or only advanced by about 3% in the last six years. The notoriously understated government inflation numbers show at least a 3% inflation rate during the last six years. If stocks were keeping up with inflation, the DJIA average would be about 12500. So investing in stocks, in a well diversified portfolio, would have gotten you less money in the last six years than the inflation rate. It would have been better if you had put your money in a savings account at 1%. You would have had no risk and at least had made 6% in six years vice 3%.

So why shouldn't these idiots on the news be laughing. They get paid millions and don't have worry that they will suffer. There are a whole lot of other people who have been investing and didn't make anything. And this was how the bushies were going to "help" the Social Security accounts. They were going to make folks invest their life savings in the stock market. Here is something more for these idiots to laugh at, a lot of people do have their life savings in the stock market and that is scary because you have the baby boomers starting to retire. Now that should just have the talking heads rolling on the floor.

[newportdadde]

15. If you take into account the lower value of the dollar its worse then that

[Ilsa]

16. Ah, who needs those pesky retirement accounts anyway? All of

that monitoring, making sure no one is stealing from your account, and that the investment portfolio doesn't need adjusting.

Besides, Jesus is coming back, right?

[undergroundpanther]

18. When the stocks go down

The wealthy make money,when unemployment goes up the rich make more money.