stock market

What do all of you think about the big stock market drop today? Right now its down over 600 today. It sounds like all the foreign markets are worried about what's going on in the U.S financials could this be a sign of a deeper recession?

I think it sucks.And I'm sick of all this-Fox news isn't even enjoyable anymore with all the politics and bank crap

I think it is a sign. I believe things are going to get much worse befor they get better. I was reading this AM about all the working poor who are living in their cars or shelters but still working 40-60 hours a week. Wonder where it will bottom. What do you think.

A lot of today's drop is due to multiple Foreign Banks failing over the weekend in Germany, France and several other countries who had invested heavily into these Sercurities Fraud Mortage Packages.

Degeneration X wrote:

What do all of you think about the big stock market drop today? Right now its down over 600 today. It sounds like all the foreign markets are worried about what's going on in the U.S financials could this be a sign of a deeper recession?

Since the media has decided that the election is a done deal, maybe smart investors are getting out of the markets now, before the capital gains tax goes through the roof. I know they'll have to get it through Congress, but when Clinton promised the middle class tax cut and then announced a week after his inauguration that he had "worked harder on this than on anything I have ever done in my life" and broke his campaign promise, they made the TAX INCREASE retroactive to the beginning of the year. That was despite final passage not coming until August. Smart investors aren't going to be fooled again. President Obama + Democrat controlled Congress = higher taxes for everyone. Count on it. However, it will be impossible to raise taxes enough to pay for the increases in entitlements that are already set to take place and pay for Obama's proposed trillion dollars in new government handouts. If you wanna see inflation and recession, you ain't seen nothing yet. Just cast your vote for Barry or stay home and don't vote at all. But get ready to bend over and spread 'em, cause you're getting screwed and you won't be able to afford any lube.

Meet the new boss, just the same as the old boss...

Degeneration X wrote:

could this be a sign of a deeper recession?

We are not in a recession..........Mainstream media would have you believe this, but the Bush administration continues to post positive economic growth numbers.

and you believe everything you read

A little light reading for where this market will lead

WELCOME TO THE FUTURE