Below 8,000 WOW

[fed_up_mother]

Source: moneycentral.com

and sigh

No link yet.

[Delphinus]

1. That gives a whole new meaning to

"how low can you go". WOW!

[Janice325]

2. I just saw that on my home page.

Ouch.
http://www.msnbc.msn.com/

[RJ Connors]

3. Here's a link

http://bigcharts.marketwatch.com/Default.asp?refresh=on

[onehandle]

4. I got my quarterly 401k statement last week.

I did not open it. And won't.

Thanks, smirk.

[Warpy]

5. It doesn't help that I predicted it

and it doesn't feel great to be right.

It won't stop until hedge funds are shaken out and the demand side of the economic equation is addressed.

It will be bad for the next couple of years, at least.

We don't know where the bottom is because the government has lied about inflation for the last 40 years. In addition, it will likely crash through the bottom and stay there for some time before it recovers to a level that reflects the inflation we've had that they've lied about.

Just remember it's numbers. If you're in the market, you own the same things now that you did months ago, that hasn't changed. Only numbers have changed.

[asksam]

6. It looks like Bush is trying to rob everyone of their 401ks and IRAs

before he leaves office.

[Just-plain-Kathy]

9. I'm afraid one day I'll check out my on line banking, and everything will be gone.

[asksam]

16. Well, when you do, at least you know where you're cash will be

It'll be in Bush's bank account.

[Zorra]

7. The Dow is aproximately 2,600 points below where it was when Pres. Clinton left

office.

Heckuva job, Bu*hie.

[cloudbase]

8. Is it a recession yet? n/t

[hatrack]

10. Yes, the US Chamber of Commerce said so two days after the election

Remarkable how quickly they responded.

Responded to the election, I mean - not to reality!!

[Old and In the Way]

11. There goes the floor.

The market was hoping to test the most recent low and see if that held. Guess it didn't. No telling where the market will end up before we see some stability established. Obviously, Paulson's credibility on the bailout isn't helping an already dire situation.

[Capt. America]

12. Call it what it is...the Obama Recession. (sarcasm; see Lush Rimjob)

[Raschel]

14. I can't believe Republicans and Freepers are blaming this on Obama and Democrats

Well, I can believe it, I guess they're so in denial. It's crazy though.

[neverforget]

13. The Plunge Protection Team to the rescue! Dow is in positive territory now

albeit barely.

[struggle4progress]

15. Down 400. Up 400. That's one nervous herd. eom