Wow - Dow Down almost 1000 pts

RubberFrog

Rear Admiral
Joined
Apr 9, 2005
Messages
4,268
Re: Wow - Dow Down almost 1000 pts

Why is it a big fallout just because some mortgage company has a lay off?
 

RubberFrog

Rear Admiral
Joined
Apr 9, 2005
Messages
4,268
Re: Wow - Dow Down almost 1000 pts

This is the 6 month chart. As you can see, the events of the last week are not as huge as the democrats and the MSM want you to believe. My stocks are up tremendously over the last six months. Notice that the current slide is very similar to the one in March and the subsequent rebound.

_dji


Here is the five day chart. Things are actually looking pretty good over the last five days. I made money.

w


Here is the one day chart. This is the one the media LOVES to show you. It makes any minor move look HUGE and significant. It's perfect for people that have no clue what they are talking about- they can get all scared and believe the economy is failing.

b



Here is the five year chart. Those who think Bush has completely destroyed the economy should take note. Also, what is this nonsense about American companies reinvesting globally? So what? Let them take profits anywhere they can. When they invest in China and make money there, that brings Chinese money back to the States. Then their stock (American companies) goes up and they pay more dividends as well as provide us with capital gains. Why is this bad?

_dji
 

PW2

Commander
Joined
Apr 21, 2004
Messages
2,719
Re: Wow - Dow Down almost 1000 pts

It's not bad that they invest globally. More power to them.

And investors reap the benefit, which is a good thing. It's probably disproportionately distributed among the wealthiest 1%, but then what isn't.

The point is the Dow is not necessarily indicative of the health, and the growth rate, of the *American* economy.
 

Bob Fort

Petty Officer 2nd Class
Joined
Oct 9, 2005
Messages
140
Re: Wow - Dow Down almost 1000 pts

I b'lieve Hill'ry will right the Ship of State when she takes over in 2009....

And, I b'lieve in the tooth fairy, Easter bunny and the old guy that comes 'round in December....
 

tommays

Admiral
Joined
Jul 4, 2004
Messages
6,768
Re: Wow - Dow Down almost 1000 pts

i think it is a big deal because of the amount of money tied up in houseing values that are about to pop and come back down




Tommays
 
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