Comments on: Dow Jones Closes Below 11,000

Stocks End Mostly Lower Even As Oil Prices Retreat

[mcv57]

US faces global funding crisis, warns Merrill Lynch
Last Updated: 9:21pm BST 15/07/2008


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The US Treasury may have just days to act before foreign patience snaps, writes Ambrose Evans-Pritchard

Merrill Lynch has warned that the United States could face a foreign "financing crisis" within months as the full consequences of the Fannie Mae and Freddie Mac mortgage debacle spread through the world.


Draining away: The US may struggle to plug its capital gap
The country depends on Asian, Russian and Middle Eastern investors to fund much of its $700bn (#350bn) current account deficit, leaving it far more vulnerable to a collapse of confidence than Japan in the early 1990s after the Nikkei bubble burst. Britain and other Anglo-Saxon deficit states could face a similar retreat by foreign investors.

"Japan was able to cut its interest rates to zero," said Alex Patelis, Merrill''s head of international economics.

[fuzzybear9]

Hello American Stock Analyst

just remind me what the DOW was in 1928 ?

and how much stock got traded between say 1928 and 1934 ?

that will be a good indicator on the futures.

sincerely Just asking Bear
Fuzzy

[nskduke2]

Thanks repubs... 8 years of near total republican rule have completely destroyed our economy. Congratulations!

So... in reality, republicans block everything democrats try to get done.

Posted by IRLiberal
------------------------------
What, I can''t believe I am hearing this. Both parties are guilty here not just the republicans but also the democrats.Our representatives in Washington DC lack communication. Both parties can''t seem to put their differences aside and get issues resolved in Washington.To blame one party is silly.

The credit crunch, mortgage companies and the housing market has destroyed our economy not the republicans.

[smirk5]

The DOW was at 10,587 on the day Bush took office.
Now, near the end of his second term, the DOW is at 10,963.
So, the DOW has netted 376 points during all of Bush''''s Presidency. Great job Bushie!

[mcv57]

FDIC spokesman David Barr, who was stationed outside IndyMac headquarters, said it could take several years before the agency fully addresses customer claims.

Bank customers are repeatedly told that their savings is FDIC insured, the problems is that until you receive your money from FDIC (if you ever do) you go hungry.

[noloyalisti]

Well said IRLiberal. Grand Oil Party, the party of death, are a bunch of obstructionists. All they care about are themselves and the large corporations that own them. Good time for another Tea Party.

[txgrouch2006]

IRLiberal wrote
So... in reality, republicans block everything democrats try to get done.
---------------------
Yah, maybe you''re right. But just to be on the safe side, LET''S GET RID OF THEM ANYWAY.

We can''t afford another four years of doing it by trial and error.

[irliberal]

Thanks repubs... 8 years of near total republican rule have completely destroyed our economy. Congratulations!

And for those who say it''s a democratic controlled congress... let''s look at those numbers, shall we?

Senate:
49 republicans
49 democratics
2 independents
tiebreaking vote: republican vice president.

House:
200 Republicans
235 Democratics
288 amount of votes needed for republican presidential veto override.

So... in reality, republicans block everything democrats try to get done.

[hsinco-2009]

All the hard work by the Repug controlled Congress from 1994- 2006 is now coming to fruition.

All of their hard work at fixing it so their Masters would reap all the benefits of the US economy and all of it''s money have paid off.

Mission accomplished!!!!

[forthepeopl1]

Lindsey Williams has apparently gone into hiding as more and more Americans are asking questions about the Gull Island Alaska oil discovery. It%u2019s either the greatest scandal ever perpetrated or a hoax. No one is refuting the evidence.

For those of you who have no clue who Lindsey Williams is, he wrote an interesting book %u201CThe Energy Non-Crisis%u201D. He makes claim that the energy crisis of the 70%u2019s was a total fabrication by the government and the oil companies have found oil at Gull Island, Alaska and were ordered to cap the wells. The book is no longer in print, however the entire book is available online at the reformation.org website. It is an interesting read and is totally in layman%u2019s terms. It does exhibit Mr. Williams limited understanding of the oil business, yet it does let you know that he was really in Prudhoe Bay, Alaska during the building of the pipeline. He reveals much from the inside walls of executives with Atlantic Richfield and British Petroleum (ARCO and BP) during the finding of oil on Gull Island.


It has been reported that his life has been threatened and his website, lwoil.com contains this farewell:

[nskduke2]

Posted by forthepeopl1
below 7000 in the next few months..better get all money out of banks and wallstreet, before its to late
-----------------------------
Yes, lets poll out all money out of banks and wallsteet.The could be the most stupidest thing you can possible do. Not all stocks in the stock market are tumbling down, in fact some stocks are still going up. If your stock is going down, take your money out of that stock and invest it in different stocks that have hit their bottom. Not all banks are in trouble, your money is safe, were not living in 1920''s here.

[bobnjersey]

[The Democractic lead congress has in only 17 months, killed the housing market, got gas prices up to $4.30
per gallon and the stock market closed below 11K, man the Dem''''''''s sure know how to help the little guy... ]
[Posted by Barocalto at 05:21 PM : Jul 15, 2008]

but everyone says the dems aren''t doing anything ... how can this be? how do you suppose they managed all this in just 17 months?

[bobnjersey]

[The Labor Department said Tuesday that core inflation at the wholesale level, which excludes energy and food, ticked up by just 0.2 percent, but that overall wholesale prices jumped by a larger-than-expected 1.8 percent - the biggest gain since November. For the past 12 months, wholesale prices including food and energy showed an increase of 9.2 percent, the largest increase since June 1981. ]

inflation ... what inflation?

[txgrouch2006]

Barocalto wrote
17 months ago the Democratics took control of congress and look what has happened since that time.
---------------
Haahoheehee, is it the Democrats in Congress, or the Republican in the White House? Ya know it''s so hard to tell. Hoooo, you know what I REALLY DON''T CARE ANYMORE!!!!

Let''s get rid of ALL OF THEM. It''s time.

[forthepeopl1]

below 7000 in the next few months..better get all money out of banks and wallstreet, before its to late

[txgrouch2006]

WHAT WHINERS! IT''S ALL IN YOUR IMAGINATION! IT''S JUST A MENTAL STOCK MARKET DROP!

Hmm - oil AND the stock market dropping in the same day. This can''t be good.

[barocalto]

17 months ago the Democratics took control of congress and look what has happened since that time.

The Democractic lead congress has in only 17 months, killed the housing market, got gas prices up to $4.30
per gallon and the stock market closed below 11K, man the Dem''''s sure know how to help the little guy...

[shanev137]

"There''s definitely a correlation between high energy prices and low consumer spending, and we need that to abate to get us a break," said Kim Caughey, equity research analyst at Fort Pitt Capital Group

----------------


Duhhhhh.....Wow......Ya think? LOL

[shanev137]

A steep retreat?....oil prices plunged?

Since when is a $6 drop a "steep retreat" when it can fluctuate $10-$15 everyday?

The people who write these stories are absolute idiots.