Comments on: Wall Street Ends Worst Week Ever

Capping 8 Straight Days Of Massive Losses, Dow Ends Seesaw Session With 128-Point Drop

[icewinds-2009]

Here''s a thought!

If you had purchased $1000.00 of Nortel stock one year ago, it would now
be worth $49.00.
With Enron, you would have $16.50 left of the original $1000.
With WorldCom, you would have less than $5.00 left.
If you had purchased $1000.00 of Delta Air Lines stock, you would have
$49.00 left.
If you had purchased United Airlines, you would have nothing left.

But, if you had purchased $1000.00 worth of beer one year ago, drank all
the beer, then turned in the cans for recycling, you would have $214.00.


Based on the above, the best current investment advice is to drink heavily and recycle.

This is called the 401-Keg Plan.

[generey]

There is NO excuse for this. NONE.

EVERY member of Congress KNEW this would happen. They WANTED this to happen.

THIS WAS INTENTIONAL.

This was not a calamity. This was SABOTAGE.



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Posted by txgrouch2007 at 05:44 PM : Oct 10, 2008


I agree Tx.

[generey]

It will be ok everyone; boy george said so and he is having a pow-wow tomorrow to work it out. (Probably gonna chow down on lobster, shrimp and some of that puerto rican rum, all at our expense). (I am embarrassed that he is Texan).

[andor3]

"You liberal fools ... who really think that Obama will cut your taxes are crazy. "

What is wrong with people like the guy who wrote this? So they really vote for any candidate that will lower their own tax bill? This is not about taxes, this is about saving the United States from continuing the downward spiral in leadership, economics, world standing. It is about stopping senseless aggression and getting our soldiers out of harms way. It is about restoring the US to a place of moral authority where force is not our only option for settling a conflict.

Voting based on adding up your tax bill is not only stupid, it is unpatriotic, especially in THIS Presidential election.

[jkwaldo]

For many years this country,and perhaps the world,has placed too much faith in a financial system of credit without worrying about the hard cash to back it up. This current crisis seems to reveal that not only consumers bought into this mentality, but goverment big business and banking did too! For years Americans have been fed a steady stream of credit ads with lines like,"what''s in your wallet" or "do you know your credit score?" One TV ad actually portrays a custmer paying with cash as hindering the day to day economic machine as his payment causes the system to falter.
I do not wish to see a total economic meltdown. However, I do believe that the whole world, the US in particular,needs a reality awakening and a lesson on living within our means. Our elected governing bodies need to lead and set a good example. For starters, congress should not be allowed to vote themselves raises. I have never known an average working American who could do such a thing.
Also,our federal minimum wage should be adjusted to do what its name implies. The average American who works 40 plus hours a week should be able to pay for the basics in life including,shelter,food and basic medical care. In reality many who work full time can not even pay their rent let alone anything else. Remember a chain is only as strong as its weakest link. That''s the lower class not the middle class.

[impeach__w]

The World Bank Group''''''''s computer network %u2014 one of the largest repositories of sensitive data about the economies of every nation %u2014 has been raided repeatedly by outsiders for more than a year, FOX News has learned.

It is still not known how much information was stolen. But sources inside the bank confirm that servers in the institution''''s highly-restricted treasury unit were deeply penetrated with spy software last April. Invaders also had full access to the rest of the bank''''''''s network for nearly a month in June and July.

In total, at least six major intrusions %u2014 two of them using the same group of IP addresses originating from China %u2014 have been detected at the World Bank since the summer of 2007, with the most recent breach occurring just last month

[syllabujones]

OK the ayes have it. I''m off to do something more productive. Have a nice weekend.

[syllabujones]

Hello, anyone? Or has this place officially fallen to the rabid dogs?

[syllabujones]

People, come on. Engaging radicals from either side is fruitless (but fruit-cake-ful). It goes nowhere. Let them have their rants to nowhere but let''s try to keep some semblance of discussion about the economy here, which is the main topic at hand.

[syllabujones]

Shannon, can you please stop your incessant flood of posts long enough for someone else to comment? You''re starting to come off like a whackjob with multiple personality disorder.

[syllabujones]

The DOW is below 8500 and the global markets are tanking. Can we all try to have a discussion like calm, rational human beings and stay out of the BS zone? I''d like to hear people''s thoughts on the economy, how to fix it, good ideas they have heard. How to balance regulation with the ''free market'', etc.

[syllabujones]

How did a conversation about the economy devolve into this ridiculousness? Let''s get back on track here. The peanut gallery is as desperate to distract as her heroes.

[shanev137]

"The fundamentals of our economy are strong."

John McCain
Sept. 15, 2008

[syllabujones]

Strangeworld I agree. Right now it appears McCain''s conceding defeat on the economy and sinking to levels that would make Reagan turn in his grave. It''s really a slight against the office of president to see a candidate behave so repulsively, but over all it''s a slap in the face of the American people that he thinks it''s okay to ignore the economic crisis in favor of a desperate ****-stirring move to save his campaign. We deserve better than this.

[strangeworld]

I can''t imagine anyone froma poor or middle income family voting for the republicans after seeing what their policies did to our economy and way of life. John McCain should be on his knees apologizing to the American people for his role in bank deregulation. And to think...two weeks ago McCain said our economy was sound - he and the rest of the big-money republicans are out of touch with the sacrifices that average Americans are making because of this financial meltdown.

[impeach__w]

The World Bank Group''''s computer network %u2014 one of the largest repositories of sensitive data about the economies of every nation %u2014 has been raided repeatedly by outsiders for more than a year, FOX News has learned.

It is still not known how much information was stolen. But sources inside the bank confirm that servers in the institution''s highly-restricted treasury unit were deeply penetrated with spy software last April. Invaders also had full access to the rest of the bank''''s network for nearly a month in June and July.

In total, at least six major intrusions %u2014 two of them using the same group of IP addresses originating from China %u2014 have been detected at the World Bank since the summer of 2007, with the most recent breach occurring just last month

[syllabujones]

Petro49L Where in the Western Hemisphere are you thinking?

[strangeworld]

It''s pretty sad when the financial cheerleaders brag about a day where the Dow only loses 130 points.

[petro49l]

Why support O.P.E.C.? The Saudis planned the 9-11 Disaster to drive-up the price of a barrel of oil. They ordered safety and freedom for Osama Bin Laden. Al Qada freely deals street heroin from the region to desperate Junkies dying for a fix. There is no reason to fight a technical war against Arab Peasants. U.S. Oil Corporations should negotiate deals in the Western Hemisphere and provide revenue to regenerate rain forests.

[syllabujones]

GrabandGo What people are fearing is that McCain might know less than Bush about the economy. I don''t know who advised him to suggest a home bailout plan on top of all these other bailouts, but he''s all over the place lately, and whenever he opens his mouth to talk about the economy, he puts a foot in it. I expected more from him. Everyone by this point knows that Obama is Christian and those who claim not to weren''t going to vote for a black man anyway.