Can people stop worrying about the Dow?

[Ignacio Upton]

While it's a lot in absolute points, in percentage terms it's only down by about 3.5%
For example, the crash of 1929 represented a 12.8% percentage drop when it lost 38 points. In the crash of 1987, the Dow lost 22.6% of its value (508 points), an even greater loss than on Black Tuesday in 1929. And on October 27, 1997, the Dow lost 554 points, a loss of 7.2%. The worst absolute loss of points was the first trading day after 9/11, when the Dow lost more than 600 points (I can't find an article that has the percentages, but at the time, the Dow was in the mid 10,000's, and then dropped into the upper 8,000's within a week.

[The Straight Story]

1. I ain't worrying. Stocks go up, stocks go down. It's all the dems' fault anyway ya know

Soon as they took over congress it all went to hell.

At least - that is what we will be hearing by the rw shills on radio and blogs later.

Yeah - I think we need to force medicate them thar folks :)

[BOSSHOG]

4. Ain't that the damn truth

Word on the street is that the peace lover bush wanted nothing to do with the quagmire that is Iraq but the dems forced him to lie to convince the American people it was the right thing to do. And, the brave soul that he was, he carried our water. Now, believe it or not, some snots like me are calling it bush's war. Have I no gratitude?

[BOSSHOG]

2. I see a buying opportunity in the days ahead

I have confidence that that brilliant economic mind of george bush's assisted by other fiduciary experts like limbaugh and bart simpson will right the ship of state and we'll all be singing happy days are here again.

Seriously. What my subject line said.

[Ignacio Upton]

5. Well, they've been managing our tax dollars for the last six years

What else could possibly go wrong!:crazy:

[babylonsister]

7. limbaugh and bart? We're in good hands now!

:rofl: :spray:

[rfranklin]

3. This is the beginning of the long slide down....

as trillions of dollars of derivative contracts begin to go sour and panic sets in.

(Consider this optimistic--every time I bet on a direction, it goes the opposite way.)

[Generator]

6. Right on target-the anti-whatever the most post obsession is post!

Congrats.

[MilesColtrane]

9. I thought we were still on Edward's house.

Guess I didn't get the memo.

[Blue_In_AK]

8. Our stockbroker's loving this.

Sell high, buy low.