Will the DJIA drop below 10,000 This Year? (10/6 Update: Welcome back, 2004!)

[quote name='VioletArrows']I dunno about you guys, but the whole riding in old boxcars, seein the country, fending for oneself lifestyle is soundin' pretty good about now.[/QUOTE]

I am getting fitted for a pickle barrel as we speak.
 
[quote name='nasum']Congrats on finishing school. Are you in public or private accounting? I managed to snag another analyst job last year with a privately held telecom company. We're actually doing pretty well.[/QUOTE]

Oh, hey. I haven't graduated yet, this is my last year of school, but I have a full-time job at a public accounting firm when I graduate, same place I interned at this summer. :D
 
[quote name='VioletArrows']I dunno about you guys, but the whole riding in old boxcars, seein the country, fending for oneself lifestyle is soundin' pretty good about now.[/quote]


fuck that. I'm gonna make homemade soylent green and sell it at high prices.
Come by my place some time-- I got the whole block to myself!
 
[quote name='ninja dog']fuck that. I'm gonna make homemade soylent green and sell it at high prices.
Come by my place some time-- I got the whole block to myself![/quote]


"IT'S PEOPLE!!!!"
 
BOOOOOOOO!!!!!!!! :hot:

071008neel.jpg


Fox Guarding The Henhouse: Ex-Goldman Sachs Exec To Oversee Bailout

Paul Joseph Watson
Prison Planet
Tuesday, October 7, 2008

Now that Hank Paulson, The U.S. Treasury and the Federal Reserve have robbed American taxpayers of a sum likely to run into the trillions, the coup de grâce has arrived in the form of ex-Goldman Sachs executive Neel Kashkari, who has been appointed by Paulson to dole out the ill-gotten gains of the bailout to the rest of the corporate crooks.

Conflict of interest doesn’t even come close - the fox guarding the henhouse is a more accurate summation. And the fact that he looks like a cross between Nosferatu and a villain from a Steven Segal movie doesn’t help.

Kashkar, a former Paulson advisor to boot, has been appointed bailout czar in a move so repugnantly crony that it almost makes the Michael Brown debacle look innocent in comparison.

The fact that Paulson himself was head of Goldman Sachs before joining the Bush junta in 2006 was not enough for these people, they had to put a banker in charge of bailing out other bankers, who can now sleep soundly knowing that their multi-million dollar bonuses are in safe hands while the real economy goes down the toilet.

However, such a brazenly corrupt appointment is even waking up kool-aid drinking neo-cons and making them understand the bailout exactly for what it is, a monumental looting of the American people and the crowning of a new fiscal dictatorship run by the Federal Reserve and the private banks.
 
[quote name='dmaul1114']Dow finished up 936 points (11%) today, the biggest 1 day increase in history. It closed at 9,387.61.[/quote]

Yep, but what did it cost to do that?

This is a 1600 point swing from the bottom on Friday to right now.
 
The Treasury Department just set itself up to be free standing from any other branch of government. We should all be a little more than worried.
 
[quote name='dmaul1114']Dow finished up 936 points (11%) today, the biggest 1 day increase in history. It closed at 9,387.61.[/QUOTE]

And we are now right back to where we were.......last Wed.

But it was easy money so I'm not complaining.;)
 
[quote name='thrustbucket']Democratic leadership is already ahead of you.[/quote]

Ugh. Again?

Then again, I'd prefer the $850 billion stimulus to divided amongst each citizen of the country instead of the stocks of a few dozen large banks.

Every family of four would have receive a check for over $10,000.

But, I'm sure my masters will spend it better during spa retreats.
 
[quote name='FloodsAreUponUS']Could not say.[/quote]

I look forward to his return. It is rare to find somebody with a completely different point of view towards life and be coherent.

EDIT: 700 point loss today. Taxpayer money well wasted.
 
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That was...good for a laugh I guess. Although I can't see Burns playing a piano.

DOW went up 401 today. Near the end, it got to be OVER NINE THOUSAND!!!

Oil's almost below $70 if you can believe it.

Tomorrow is probably going to be another bloodbath.
 
[quote name='thrustbucket']I can't wait for the day that we are burning our stock certificates for heat to get us through the winter and cook our neighbors pets for nourishment. :)[/quote]

Ah, February.

I keep telling my wife we need to stock up.

She keeps thinking everything is going to be fine.

I'm looking at 25lb bags of self-rising flour.
 
[quote name='fatherofcaitlyn']She keeps thinking everything is going to be fine.

I'm looking at 25lb bags of self-rising flour.[/QUOTE]

:rofl:

Gold Medal > Gold
 
[quote name='mykevermin']:rofl:

Gold Medal > Gold[/quote]

My behavior reminds me of a woman's "nesting" behavior right before labor.

I have the urge to learn baking, relearn canning and store months of nonperishable food.

I'd consider curtailing the behavior, but I don't see who I am harming and I eat the food long before it expires.
 
You can't really blame people for panicking. The global markets got slammed overnight and OPEC announced this morning they're cutting production to try to drive the price back up.

I was considering buying in this week, but I'm not so sure it's bottomed out yet now.
 
[quote name='lordwow']You can't really blame people for panicking. The global markets got slammed overnight and OPEC announced this morning they're cutting production to try to drive the price back up.[/quote]


OPEC can kiss my ass.

It's going to be so sweet (in the long term) when we are no longer dependent on foreign oil.
 
[quote name='GuilewasNK']OPEC can kiss my ass.

It's going to be so sweet (in the long term) when we are no longer dependent on foreign oil.[/QUOTE]

Yeah that will be sweet when our great great grandchildren are no longer dependent on foreign oil.;)

Pretty good price action so far after the open. No individual stock plays for me yet but I did buy a few ETF's right after the market open. I'm long QLD, UYM and QLD with trailing stops in place.
 
Things have gotten so bad that the plant that my fiancee works at has hired a financial adviser for a day. Apparently their human resource department has been so swamped with people asking about their 401k, the companies stock and job safety that they felt they needed to hire an expert to come in and answer questions to factory workers.

I think we will go and hear what he has to say. We started investing in her 401k and an IRA a bit back but then greatly cut her investments into both a few months ago when this mess really started to get bad. By the end of next month though we should have enough to pay about 5/6 months worth of bills in the bank(in case she looses her job)....so im thinking maybe we should not just start investing in her IRA again but if anything double up the investments with stocks being so low.
 
We all need to pay off our credit cards, if we have outstanding balances, and then never use them sumbitches again.

The problem is that everyone, from big government to the little guy, pays for more shit than they can actually afford right now. We all need to change our way of thinking.

For all the bullshit with No Child Left Behind, we need to teach economics and civics in high school. Then maybe we wouldn't be in this mess now.
 
[quote name='GuilewasNK']Goverment should just start taxing churches. Instant revenue.[/QUOTE]

I couldn't support that. If we want to keep separation of church and state it has to go both ways. No religion in public schools etc. and no taxing of churches. It's an important issue to me.

[quote name='GuilewasNK']We all need to pay off our credit cards, if we have outstanding balances, and then never use them sumbitches again.

The problem is that everyone, from big government to the little guy, pays for more shit than they can actually afford right now. We all need to change our way of thinking.

For all the bullshit with No Child Left Behind, we need to teach economics and civics in high school. Then maybe we wouldn't be in this mess now.[/QUOTE]

I'll always use my credit card and pay it off in full every month. It's stupid to pay with cash/debit when I can be earning rewards and having more fraud protection.

But I very much agree that we need classes on managing money etc. in high school and college (as required courses). It's absurd that we have few to none of these in place.
 
Credit cards are lending money that doesn't exist. That's why it's not illegal to decide not to pay them off.

I hate to sound cliche but all of this has to get much worse before it can get better. We need to start our economic and monetary system over from scratch.
 
[quote name='dmaul1114']I couldn't support that. If we want to keep separation of church and state it has to go both ways. No religion in public schools etc. and no taxing of churches. It's an important issue to me.



I'll always use my credit card and pay it off in full every month. It's stupid to pay with cash/debit when I can be earning rewards and having more fraud protection.

But I very much agree that we need classes on managing money etc. in high school and college (as required courses). It's absurd that we have few to none of these in place.[/QUOTE]

Agreed. Credit Cards are not the problem.....people being stupid with them is. Me and my fiancee put 98% of our purchases on 1 of 2 credit cards we own but we are also smart enough to pay them off every weekend or two and always before the date where we are charged any kind of fee.

Crazy thing is when I first met my fiancee she kept like $2,000 in debt on her credit card pretty much all the time....she just payed the minumn and if it got closed to the max paid a bit more off.......within a fwe months of meeting me I had made sure that was finished.
 
Jesus. Time to start putting my money in a coffee can, and bury that shit.
My 401k has lost 1/5 of its value. I am seriously considering closing that shit out.
 
[quote name='FloodsAreUponUS']
My 401k has lost 1/5 of its value. I am seriously considering closing that shit out.[/QUOTE]

Don't, I assume you are young. It will bounce back eventually. 401Ks are meant to be long term investments over 30-40+ years. You just have to try not to check it all the time, especially when you're young and have decades for it to grow.
 
[quote name='dmaul1114']Don't, I assume you are young. It will bounce back eventually. 401Ks are meant to be long term investments over 30-40+ years. You just have to try not to check it all the time, especially when you're young and have decades for it to grow.[/quote]

Its only been open for about 2 years, but its crushing to me everytime I see it.
 
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