stock market
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QUOTE (Jimmah7 @ Sep 15 2008, 08:30 PM) <{POST_SNAPBACK}>i can't recall a 500 point drop in my lifetime. i could be wrong. but damn, that has to have consequences
Surely you're older then 7 years old? The Dow dropped almost 700 points after 9/11/2001. -
Add the caveat: "without the help of external factors." to jimmah's post and it's completely accurate.
All the same, probably not a "crash" but the recent trends are indicative of a recession the magnitude of which could reach crash like proportions if left unchecked.
This recession is a direct result of the deregulation of the market, a purely republican *experiment* that even in failure, will be defended by calling those who call for more regulation communists and traitors to the free market.
/I've been tired of it since 2002 -
QUOTE (Jimmah7 @ Sep 16 2008, 10:26 AM) <{POST_SNAPBACK}>are you sure it dropped 700 points after 9/11? you don't have to go scrounging for proof, i just thought it only dropped 200 or something
I'm not sure exactly how much DOW dropped after 9/11, but I am positive it was more than 500 points. The "700" figure that Magic threw out there does seem about right. -
QUOTE (ANunes @ Sep 16 2008, 09:12 AM) <{POST_SNAPBACK}>This recession is a direct result of the deregulation of the market, a purely republican *experiment* that even in failure, will be defended by calling those who call for more regulation communists and traitors to the free market.
Doesn't it suck that one Hillary Clinton voted for everything you just stated. Along with a majority of democrats? -
QUOTE (mungo @ Sep 16 2008, 11:15 AM) <{POST_SNAPBACK}>Doesn't it suck that one Hillary Clinton voted for everything you just stated. Along with a majority of democrats?
Doesn't it suck that instead of working to solve our problems mungo just points the finger across the aisle and says, "no you"? Along with the majority of republicans?
Oh and: Citation needed
maybe the experiment isn't purely republican, I poked around on wiki and found that the theory was around as early as JFK. But Saint Reagan was the first president who made it a priority. -
QUOTE (Jimmah7 @ Sep 16 2008, 09:26 AM) <{POST_SNAPBACK}>are you sure it dropped 700 points after 9/11? you don't have to go scrounging for proof, i just thought it only dropped 200 or something
684 to be exact -
QUOTE (Magic @ Sep 16 2008, 12:37 PM) <{POST_SNAPBACK}>684 to be exact
It really is hard to pay attention to the numbers you spew with what is under it.
Yes.. this is bad. I woke up yesterday read the news, and everyone in the office looked at me as I said "holy shit".
Why do people with lots of money and with lots of power have to be such idiots. -
QUOTE (ANunes @ Sep 16 2008, 11:34 AM) <{POST_SNAPBACK}>Doesn't it suck that instead of working to solve our problems mungo just points the finger across the aisle and says, "no you"? Along with the majority of republicans?
What I said was a response to your liberal ignorance.
And by the way, I am working to resolve the issues, not necessarily for me, but for you.
I'll get you that citation when I have the time.
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