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Dow closes below 11,000

fff

Well-known member
Wall Street ended a whipsaw day mostly lower, as fears of escalating instability in the financial sector kept investors on edge despite a steep retreat in oil. The Dow Jones industrials on Tuesday had their first close below 11,000 since July 2006.

Continued:

http://www.msnbc.msn.com/id/3683270/
 

aplusmnt

Well-known member
Stock Market goes up, stock market goes down.

That is why your quote says it has not been that low since July 2006, because it went below 11,000 then and then bounced back up never to go that low for another 2 years.

So you can be negative and say the sky is falling or you can be positive and say hey it was this low once in 2006 and it went up and it will do it again. If the market never goes down and every body buys high or at flat prices the market just does not work properly.

You doom and gloom people are what causes part of these swings, if people did not start hording because some liberal economist predicts gloom the markets would continue to grow.

Fear drives the market a lot more than reality. That is why Liberals operate so much on gloom and fear, the sheep follow better when they are scared!
 

backhoeboogie

Well-known member
We need a really good panic crash so that I can roll my nickels back in. My eggs are spread in way too many baskets right now. We need a few more libs crying the R word to convince everyone to dump so that I can buy undervalued stock.
 

woranch

Well-known member
The Dow rose today 276.74, or 2.52 percent, to 11,239.28.

Oil fell $4.14 to $134.60 a barrel on the New York Mercantile Exchange, bringing its two-day decline to $10.58.
 

backhoeboogie

Well-known member
woranch said:
The Dow rose today 276.74, or 2.52 percent, to 11,239.28.

Are you telling me the sky isn't falling? Doggone it! I was hoping to buy a bunch of undervalued stock.

You libs need to start crying a little harder about that R word. Maybe spend a little less so that we can actually meet the criteria to classify.

Can we get OT's polls published out there in mainstream media? Maybe he can be a consultant for Obama and truly incite panic in the public. Hand out crates of oranges for folks on the street corner to sell or something like that. It would make great headlines and the lib media would be all over it.
 
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