Everyone, we are Officially Fu.Cked

[Vteckidd]

Kidd you are way off. Your lunacy and false sense of conditions is EXACTLY what is causing a lot of the consumer confidence problems that are slowing our economy today. The fact that these banks were in dire straights is no new news. Anybody that follows anything aside from headlines has known this. Poor lending policies caused this. In all likelihood this will have very little to no effect on the average guy.

NO ****!

DOw down 500 points, Big Time lenders are going bankrupt or going out of business. Not effect the average joe? are you INSANE?

You do realize that these companies are the BACKBONE of the financial district on wall street? WIth them collapsing its going to trickle down to everything else.

Lets see
Retail sales down 80% last month
Dow below 11,000 first time since 9-11
504 down today alone
Merrill Lynch, Lehman, AIG all going into bankruptcy or being bought out

We though we saw the bottom 4 months ago, we were wrong.

This is BAD NEWS buddy, for EVERYONE from the Joe Schmoe to the Rich guy.

Lets hope for a huge rebound.

If we crash at 10,000 we will be ok, if we crash at 7000-8000, god help us. The election is the least of our worries.

Lunacy, LOL

[ironchef]

NO ****!

DOw down 500 points, Big Time lenders are going bankrupt or going out of business. Not effect the average joe? are you INSANE?

You do realize that these companies are the BACKBONE of the financial district on wall street? WIth them collapsing its going to trickle down to everything else.

Lets see
Retail sales down 80% last month
Dow below 11,000 first time since 9-11
504 down today alone
Merrill Lynch, Lehman, AIG all going into bankruptcy or being bought out

We though we saw the bottom 4 months ago, we were wrong.

This is BAD NEWS buddy, for EVERYONE from the Joe Schmoe to the Rich guy.

Lets hope for a huge rebound.

If we crash at 10,000 we will be ok, if we crash at 7000-8000, god help us. The election is the least of our worries.

Lunacy, LOL

Dude, where the **** do you get your information from?

First off, retail sales weren't down 80% last month, try 0.3%
See here, http://www.forbes.com/afxnewslimited...fx5417061.html

Second, the Dow has gone below 11,000 atleast 10 times since 9-11 (maybe even more, but I don't feel like checking all the historical quotes). All of them have been very brief too.

All of Merril's, Lehman, and potentially AIG's assets will be transferred to other stronger companies, so it isn't as doom and gloom as you propose.

EDIT - Just cause I was curious, post 9-11 the Dow was below 11k up until early 2006, and then a couple times after that. So, thats nothing new.

[Vteckidd]

All of Merril's, Lehman, and potentially AIG's assets will be transferred to other stronger companies, so it isn't as doom and gloom as you propose.

Or so we think..........