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Wall Street thread

Discussion in 'Sports and News' started by DanOregon, Oct 6, 2008.

  1. DanOregon

    DanOregon Well-Known Member

    Figured we might as well have a thread about the markets. Asian markets are taking a dive this morning despite the bailout last week. Buckle your seatbelts, Mondays and Octobers always get me down.
  2. John

    John Well-Known Member

    My dad has been with Merrill Lynch for 42 years and when I talked to him last night I asked him if there was any reason to think this week would be better.

    His answer: No.
  3. Football_Bat

    Football_Bat Well-Known Member

    Look out below! Dow already down 200+ points in the first 3 minutes.
  4. John

    John Well-Known Member


    Get back in there and sell, sell, sell.
    Last edited by a moderator: Dec 15, 2014
  5. prezclinton

    prezclinton Active Member

    Sub 10000 here it comes.
  6. Pete Incaviglia

    Pete Incaviglia Active Member

    A CNN analyst just said "we're officially in a recession," and he cited someone other big shot, too, who said the same thing.

    How's that bailout working by the way?
  7. Football_Bat

    Football_Bat Well-Known Member

    Down 530 points now. Already there with room to spare.
  8. 2muchcoffeeman

    2muchcoffeeman Active Member

    One piece of good news: futures in crude oil, unleaded gasoline and home heating oil have also dropped (oil is below $90 for the first time since February).
  9. Pete Incaviglia

    Pete Incaviglia Active Member

    And speculators have nothing to do with the cost of oil/gas. Right.
  10. Bob Cook

    Bob Cook Active Member

    Good news in the sense that the dive has to do with the expected decline in economic activity. There's nothing looming poverty to make you conscious of conservation.
  11. slappy4428

    slappy4428 Active Member

    You'd never know it by the gas stations... at least in my state
  12. Pete Incaviglia

    Pete Incaviglia Active Member

    Same here. Makes me wonder why the price of gas rises in lockstep with the rise in cost of crude oil but doesn't fall in the same manner.
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