Dow plunges 160 points!

Its now down to 10,295

This is partly in response to the unemployment figures coming out tommorrow which are not expected to be good. High debt. High deficit. Slow to no wage growth. Oil and gas prices. It all adds up.

The stock market is how the Bushies tend to measure the health of the economy. If the market continues to sink....Bush doesn't have a prayer.

about productivity, blah, blah, blah...in Ohio of all places where jobless rate is very high....says Dems want to isolate America from the rest of the world...ha, ha - who has done more to isolate America from the rest of the world than boy king.

We've seen that happen before - Bush opens his mouth and the market heads south....

CNBC had the market on the screen during the Bushco yammer today.
It was in the green a little and started heading down as he quacked.y

Failure in Iraq
Failure at Jobs
Failure at Stock Market


He's gone

That's what he's headed for in the GE. Nothing's going to save the prick. My celebration plans are under wraps, but they are underway. Shhhhhhh....

:eyes:

Can you believe these people will look us in the face and drone on about productivity?

They think we don't understand? What does productivity growth mean?

1. There are now fewer jobs, because fewer "human resources" are needed.
2. The people who still have jobs have to work their butts off even more than before.

Gee, sounds great. Woohoo, productivity.

http://www.wgoeshome.com

for years now.

(I wish that line was original but it isn't).

Everyone hold on. It's going to be rough.

AWOL/Moron took office? I think the Dow was at about 11,000. Anyway.... I think an issue should be made when they get back to those levels.

Like this.....

Congrats to The Republican Party for the success of you economic policies. After only 3 years and 4 months in office, the Dow and S&P are back to the same levels that President Clinton left them at. You have now achieved an annualized rate of return of ZERO for 3 1/4 years. Congrats on that achievement.

but I know my 401K still looks like shit.

Mrs. Robb calls it our 201(k). :)

Dow 11500

Nasdaq 5000

SP 1400

With a chickenhawk in every pot.

for almost a month. I think we're heading into a double-dip. There is NOTHING pushing jobs up and I've seen everything going up in price. All imports are now more expensive due to the fall of the dollar against foreign currencies. As oil prices continue to rise, the cost of everything will skyrocket due to need for oil in plastics, machinery, transportation, etc. Things don't look good right now.

Those numbers must be awful, for if they were good, they would surely be being trumpeted about with glee. The political danger is tremendous for the criminals of the '00 Coup: Greenspan is itching to raise interest rates, which will cause rising unemployment by summer and fall, and rising inflation numbers will require him to act....

"The War Office keep three sets of figures: one to mis-lead the public, one to mis-lead the Government, and one to mis-lead themselves."

"LET'S GO GET THOSE BUSH BASTARDS!"

the stock market will drop several hundred more points at least

The positive jobs number for February (+21,000) consists only of new government hires. The private sector did not add one job.
As Lou Dobbs pointed out last night - For the first time in American history, the private sector is not creating any new jobs.

and you have a whole lot of nothing.

If the insiders are getting out, something is up...errr, I mean going down.

Haiti?

Bush will lose. No doubt about it. Two times sinking below 10,000 and there will be no denying the double dip recession 100% under Bush's watch.

and is pretty likely to.

We haven't had a correction in a while and we are due one.

The market has been overvalued for awhile now. The NASDAQ was up over 50% last year. I've seen lots of reports of big market makers being hesitant to buy based on overvaluation. I could see the Dow dropping a thousand points in total.

unemployment figures are released just like with the PPI.

It could happen....

Bush was blabbing on today in Ohio about the great economy, "Why look at the stock market" (cuz they have NOTHING else)...
result: Market plunge.

It kind of goes along with the republican line: The president does not control job creation, the economy, et. al.

That is, unless they can somehow spin numbers to make them look less than pathetic. Then Bush should somehow deserve credit.

after all, it is NEVER his fault. You could run a campaign on that slogan....wait a minute, he is!!!

We have an artificially inflated stock market today that doesn't reflect the reality of the true economy.
Multi-billion dollar trade deficits means we are buying more than we are exporting.
American dollars are losing value in the world market and the Federal Reserve keeps printing new money, which waters down the value of the dollar. Runaway-inflation will soon follow and then the Fed will tighten money supply causing high interest rates and a new recession.

If we don't do something about the rising government deficit, by raising taxes or cuts in spending, or both, the recession will be long and painful.
Remember Reagan's Recession?
Dubyas trying to out-do him in every way.
He already has Hoover's jobs record.
Now he wants to bankrupt the Federal Government.
There's a distinction no other president can claim.

Welcome to DU!! :toast:

Now Bush can't even point to the market as a sign of economic growth.

It's a fine line between being in denial and lying.

...I can just hear the FReeper trolls now: "the commies at DU are cheering the plunging DOW!"

What will they say..."a short month"?

Job losses, record deficits, inflation, record bankruptcies, home foreclosures and the markets dropping...but Rove's plan is to pound away into the American people and media that the tax cuts for the rich and corporations are working. They have no other choice but to lie and stick with the bullshit and hopes that line will sell and Kerry will back off the economy.

Tell the lie enough times and a good percentage of the sheep will buy it.

due to "computer problems" for the firs time in 60 years. I have a feeling that they are reworking the numbers.

EBAY and QCOM (two that I frequently trade), just as example. It's about time some across the board profit-taking started taking place.

I've been an on&off active trader for six years now, and one lesson I've learned (the hard way $$$), you can rarely count on the days politics to forecast market movements (well, there was an obvious short-play in coup 2000).

I guess what I trying to say, don't count on market being down for long. Not saying it won't continue south, just be careful using a down market as a political talking point.

get a grip