Dow and S&P Down 2% At The Bell by John Cole| October 8, 20088:32 am| 9 CommentsThis post is in: Site MaintenanceFacebookTweetEmailAn open thread.
i blame Clinton
Kamishna ya Watu Xenos
Anyone want to call the bottom?
My guess is that the Dow will stabilize in six months at the mid- 8s, with a lowpoint at 8050. This would put the US market on par with international markets that are already close to 50% off peak.
Just in case there’s any doubt about who caused this subprime mess, Newsweek’s Jim Gross tells us, and it ain’t poor people who done it.
Thank you Incertus. The "CRA was forcing banks to lend to the poor" screechers were getting deafening here in South Louisiana. Though another article won’t convince those fools, you provided another counterpoint from someone who actually knows what he’s talking about.
Tom Clancy call your office:
Russians to bail out Iceland, may get access to Keflavik AFB as a result
Incertus, thanks for that tip. I knew there was something fishy afoot when I heard Scarborough babbling on about this topic this morning. I didn’t think I’d find out the truth about it with so little effort.
CIRCVS MAXIMVS MMVIII
The markets stop falling when the GOP and Wallstreet are left hanging.
I am officially converting my portfolio to Forever stamps.