Paging the Professor and the LBN stockmarket peeps

libnnc

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Mon Jan-21-08 01:39 PM
Original message

Paging the Professor and the LBN stockmarket peeps

Will tomorrow on Wall Street be "hang on to your panties" time for real? How bad will this be in comparison to '87?

Consider this a "Recession/Depression for Dummies" thread. :scared:

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fasttense

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Mon Jan-21-08 01:44 PM
Response to Original message

1. I don't think anyone really knows.

But you can get some pretty good educated estimates from some of the economic gurus here on DU.

I'll be back to see what they have to say.

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no_hypocrisy

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Mon Jan-21-08 01:51 PM
Response to Original message

2. I occasionally return to thinking about how * wanted to compel workers

to contribute their Social Security payments to Wall Street. No wonder they were pushing so hard so fast for this: they KNEW about the bursting real estate bubble and the subprime tsunami.

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Sydnie

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Mon Jan-21-08 02:18 PM
Response to Reply #2

8. Knew about it?

They directed it. blivet** fell all over himself talking about his success in getting homeownership to heights never seen before (especially in the minority categories) during the 2004 election. He DROVE this to happen. He and his brother should never have anything to do with anyone else's money ... EVER!

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radfringe

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Mon Jan-21-08 02:02 PM
Response to Original message

3. can you say...

AAAIIIIEEEE!!!!!

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libnnc

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Mon Jan-21-08 02:03 PM
Response to Reply #3

4. phuck me

:scared:

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TrogL

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Mon Jan-21-08 02:05 PM
Response to Original message

5. There's absolutely no way to tell

the market is being driven by near-panic forces right now. If somebody temporarily calms fears, it could be a quiet day. Like any mob, one wrong word and the whole thing could come crashing down.

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Elspeth

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Mon Jan-21-08 02:17 PM
Response to Reply #5

7. You think Bernanke deliberately fanned fears?

Zuckerman (US News) seems to be doing that.

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Earth_First

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Mon Jan-21-08 02:13 PM
Response to Original message

6. Kick!

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