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DIJA: Down 152 pts (-1.52%)

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fryguy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-12-04 01:10 PM
Original message
DIJA: Down 152 pts (-1.52%)
(as of 2:02pm)

I know one day doesn't make a forecast, but with all the tauting about job creation increasing and home-ownership at all time high...economic recovery what??
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The_Casual_Observer Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-12-04 01:13 PM
Response to Original message
1. We won't see any crowing about how the market is reflecting
our "strong, running on all cylinders" economy anytime soon from the bastard in chief.
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-12-04 01:15 PM
Response to Reply #1
2. It continues to slide
this is again reminding me of the pattern before the Crash in 1929
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The_Casual_Observer Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-12-04 01:19 PM
Response to Reply #2
4. The whole house of cards has been supported
by artificially low interest rates and tax cuts in a time of hyper inflation. The official word on this has been no different from the official words about the existence of WMDs prior to Iraq.
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Doctor Smith Donating Member (255 posts) Send PM | Profile | Ignore Wed May-12-04 01:18 PM
Response to Original message
3. Bear market continues
Debt must be eliminated before a recovery can occur. We have not been eliminating debt, we have been expanding it.
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fryguy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-12-04 01:21 PM
Response to Reply #3
5. sure, but only at $500 billion a year....
/sarcasm
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Doctor Smith Donating Member (255 posts) Send PM | Profile | Ignore Wed May-12-04 01:37 PM
Response to Reply #5
7. I meant private sector debt,
but government debt isn't terribly helpful, either.
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Davis_X_Machina Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-12-04 01:21 PM
Response to Original message
6. Wall Street has an election every day...
...in which the results, unlike Florida, actually get counted.
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Renew Deal Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-12-04 01:46 PM
Response to Original message
8. Inflation, trade gaps, lack of consumer confidence, deficit, debt
Things are looking good. :evilfrown:
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tritsofme Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-12-04 03:13 PM
Response to Original message
9. What a wild ride today!
The Dow ended up being +25!
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