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Reply #15: Put it into perspective [View All]

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Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU
Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-15-05 04:50 PM
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15. Put it into perspective
The Dow lost 3.9% of its value this week. While distressing, it doesn't come anywhere near a crash. The day it drops 20% or more, I'll start using the word "crash."

This is certainly small enough to flood with Fed funny money on Monday to pick the average comfortably above 10,000 again, which is what I fully expect to happen. The Fed will be aided by bargain hunters who still believe they can win the lottery.

The reason I'm not terribly alarmed right now is because Idiot is still trying to flog his social security scam. The day he gives up on that idiotic idea is the day I'll start getting more nervous about the Dow.

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