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Hiram
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« Reply #140 on: September 17, 2008, 05:10:38 PM » |
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OMG
10,609.66 -449.36 -4.06%
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DruulEmpire
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« Reply #141 on: September 17, 2008, 05:43:10 PM » |
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It's a bad week when the Dow loses over 950 points over the course of two of the first three days. I started the 10570-11800 bracket way back on July 22, so it has managed to last 57 days -- which in these volatile times I feel pretty proud of. Right now we're less than forty points from the bottom of that -- but then you have to recall that the day I announced it we closed at 10602.50, which was even closer. I also have to say that this thread has been a journey of social discovery. Hiram, of course, has been a good friend to it, but I have also appreciated the commiseration of pedonbio. This thread has also taught me new respect for mastert. He warned way back on the top of page 3 of this that this might hit 9999, and that could still come to pass. He doesn't post often, but when he does, he's worth a look-see.  |
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pedonbio
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« Reply #142 on: September 17, 2008, 06:04:57 PM » |
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Ages ago one of Lyndon Johnson's economic advisors made a private joke: The only difference between socialists and Republicans was that socialists wanted to give the government both profits and losses; Republicans wanted to keep the profits and give the government the losses.
I didn't think it would become official policy. It has.
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Someday, chi1dren, this entire fuck-up will be yours.
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SwitcherX
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« Reply #143 on: September 17, 2008, 06:10:02 PM » |
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10000 will be a big pstchological level. If it breaks thru and can stay under it, it could trigger a sell-off.
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Switcher X
A.K.A. Tina Fey Eichmann
"Thank you herr professor Tina Fey Eichmann, nuclear brain surgeon and moustache jockey."
-- Mammeister
"SwitcherX, you were always Mammeister's favorite...you bastard."
-- Notty
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BarnacleBill
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« Reply #144 on: September 17, 2008, 06:16:27 PM » |
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Or worse... a walk-off.  |
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The journey of a thousand miles begins with a single step.
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pedonbio
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« Reply #146 on: September 17, 2008, 11:45:43 PM » |
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Quote:
BarnacleBill said:
Or worse... a walk-off.
Yep. There's only one man who can save the economy... |
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Someday, chi1dren, this entire fuck-up will be yours.
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DruulEmpire
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« Reply #147 on: September 18, 2008, 01:52:45 PM » |
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It's beginning to look like I'm going to have to surrender to mastert any hour now --  |
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pedonbio
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« Reply #148 on: September 18, 2008, 03:39:21 PM » |
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Quote:
DruulEmpire said:
It's beginning to look like I'm going to have to surrender to mastert any hour now --
Well, I was thinking of Chuck Norris. Either him or Jackie Chan. |
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Someday, chi1dren, this entire fuck-up will be yours.
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DruulEmpire
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« Reply #149 on: September 18, 2008, 04:18:17 PM » |
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I'm more a Chan fan, I would count on him to hurt me in a nuanced and/or glancing way, just to keep me at bay -- Chuck on the other hand might pulverize my trachea. Anyway, I think I have to thank Hiram's country today for allowing my bracket to live on today to fight for another 24 hours. We were down around 10500 earlier, but now the UK seems to be helping to make a boost possible, by halting short-selling till next year. That plus a lot of "plans" getting discussed seems to be reassuring the market to the tune of 11019 plus change. I notice a slight irony to this. One of the favorite McCain TV ads flashes pictures of various Democratic Congressmen, seeming to fairly count on fuzzy public recollection of them -- but not only are Dodd and Reid clearly visible, but so is Schumer -- and Schumer is one of the pols who's been offering a plan which sounds pleasing to the market's ear. If Schumer's suggestion is sound and useful, that'll put a whole other spin on the ad ...  |
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SwitcherX
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« Reply #150 on: September 18, 2008, 06:20:30 PM » |
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Quote:
BarnacleBill said:
Or worse... a walk-off.
as long as people don't start breakdance fighting, everything will be ok. |
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Switcher X
A.K.A. Tina Fey Eichmann
"Thank you herr professor Tina Fey Eichmann, nuclear brain surgeon and moustache jockey."
-- Mammeister
"SwitcherX, you were always Mammeister's favorite...you bastard."
-- Notty
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pedonbio
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« Reply #151 on: September 19, 2008, 03:46:36 PM » |
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Quote:
DruulEmpire said:
I notice a slight irony to this. One of the favorite McCain TV ads flashes pictures of various Democratic Congressmen, seeming to fairly count on fuzzy public recollection of them -- but not only are Dodd and Reid clearly visible, but so is Schumer -- and Schumer is one of the pols who's been offering a plan which sounds pleasing to the market's ear. If Schumer's suggestion is sound and useful, that'll put a whole other spin on the ad ...
I suppose it's not a good idea to think much during a campaign, but those commercials are really disturbing. A lot of people think the McCain of 2008 is the same McCain who ran in 2000. He's not. In 2000 the Rove Slime Machine defeated him. Somewhere between 2000 and now, he gave up what little integrity he had (SNL thinks it was 2004--Remember the cartoon they made of his "endorsement" of Bush in 2004?) and became as polarizing as Bush. Too bad. |
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Someday, chi1dren, this entire fuck-up will be yours.
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AZWolf
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« Reply #152 on: September 20, 2008, 07:30:08 AM » |
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Dawn, n. The time of day when men of reason go to bed.
Pray, v. To ask that the laws of the universe be annulled in behalf of a single petitioner confessedly unworthy.
-- Ambrose Bierce, "The Devil's Dictionary"
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DruulEmpire
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« Reply #153 on: September 29, 2008, 05:25:41 PM » |
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Here's an interesting fact: take 6/26, turn the sixes upside down, and you have today, 9/29 -- and it is exactly the topsy-turvy world of today that has led mastert's suggestion of Dow 9999 way back on 6/26 to begin to win out over my 10570-11800, which has just today cracked asunder on the low end, landing at 10365.45 after plummeting more than 777 points. (!!!)
I'm almost proud. The bracket lasted a whopping 68 days, in spite of intra-day spikes beyond it (I always based it on daily closes), and no way no how could I have predicted that back in July 22 that all this new havoc would have come to pass in the manner it did. If any bets had to be invalidated, this was a day for it.
Over these past eight years, we've seen it sag under 8000 ... but do we really want to return there ... ?
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Q_BE
O Cup
Posts: 5883
Dreaming of a Scarlett Spring
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« Reply #154 on: September 29, 2008, 07:19:33 PM » |
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At least the government hasn't destroyed the notion of "private" property...  Bye, bye Bailout!  Q-" 777, my favorite number, 3 times in a row!"-BE |
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DruulEmpire
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« Reply #155 on: September 29, 2008, 07:36:46 PM » |
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Yeah, well, you'd better have an icon handy when the bailout boomerangs right back ...
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pedonbio
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« Reply #156 on: September 29, 2008, 07:55:45 PM » |
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Quote:
DruulEmpire said:
Over these past eight years, we've seen it sag under 8000 ... but do we really want to return there ... ?
Druul, one thing I've noticed is that the freaking market doesn't really care what I want. Maybe you'll have more luck. |
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Someday, chi1dren, this entire fuck-up will be yours.
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Q_BE
O Cup
Posts: 5883
Dreaming of a Scarlett Spring
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« Reply #157 on: September 29, 2008, 08:00:17 PM » |
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Quote:
DruulEmpire said:
Yeah, well, you'd better have an icon handy when the bailout boomerangs right back ...
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TheZookie007
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« Reply #158 on: September 30, 2008, 04:28:22 AM » |
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The Dow closed 777.68 points down (6.98%), the largest one-day drop ever.
The Dow closed at 10365.45, lower than the level at the start of the Bush presidency.
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"When your city is French in origin, and your Mayor and Governor are Democrats, and those most affected by this natural disaster are Black, don't expect much help from Bush." -- Left of Y'all (and the link works now too!  )
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ChrisR1
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« Reply #159 on: September 30, 2008, 09:31:07 AM » |
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Quote:
DruulEmpire said:
Yeah, well, you'd better have an icon handy when the bailout boomerangs right back ...
And after it boomerangs right back, maybe get ready to do some short selling... |
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Work, work, work. Hello boys, have a good night's rest, I missed you. - Gov. William J. LePetomane  |
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AZWolf
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« Reply #160 on: September 30, 2008, 10:14:51 AM » |
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Since I am not rich during the Bush era, I have no investments, so I....really don't care what happens to the Dow. AZ "Trickle down all you want" Wolf |
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Dawn, n. The time of day when men of reason go to bed.
Pray, v. To ask that the laws of the universe be annulled in behalf of a single petitioner confessedly unworthy.
-- Ambrose Bierce, "The Devil's Dictionary"
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SwitcherX
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« Reply #161 on: September 30, 2008, 07:49:13 PM » |
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Quote:
ChrisR1 said:
Quote:
DruulEmpire said:
Yeah, well, you'd better have an icon handy when the bailout boomerangs right back ...
And after it boomerangs right back, maybe get ready to do some short selling...
They changed the shorting rules.  |
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Switcher X
A.K.A. Tina Fey Eichmann
"Thank you herr professor Tina Fey Eichmann, nuclear brain surgeon and moustache jockey."
-- Mammeister
"SwitcherX, you were always Mammeister's favorite...you bastard."
-- Notty
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Q_BE
O Cup
Posts: 5883
Dreaming of a Scarlett Spring
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« Reply #162 on: September 30, 2008, 09:08:48 PM » |
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Well, except for that yesterday's anomaly, your range still seems to be holding, Druul. I expect it to remain this volatile until energy sources come from a more secure area of the world than the Middle East. Q-" Damn youse War on Terror!"-BE PS. Yes or No: The "War on Terror" will last longer than the "Cold War". Explain your response. EDIT: 777 posts!  |
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DruulEmpire
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« Reply #163 on: September 30, 2008, 09:22:11 PM » |
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Q, thanks -- if I had made it, say, 10305-11805 (a 1,500 point range), it might have stood a better chance ... |
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pedonbio
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« Reply #164 on: September 30, 2008, 09:23:57 PM » |
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Quote:
SwitcherX said:
They changed the shorting rules.
I know. I laughed very hard when I heard that. It is for me the perfect description of "rearranging the deck chairs on the Titanic". |
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Someday, chi1dren, this entire fuck-up will be yours.
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pedonbio
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« Reply #165 on: October 06, 2008, 11:30:00 AM » |
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Morning of October 6--
Well, gentlemen, is it time for some revisions? *SNICKER*
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Someday, chi1dren, this entire fuck-up will be yours.
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DruulEmpire
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« Reply #166 on: October 06, 2008, 12:21:56 PM » |
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Hey, I'm all done revising -- I said if we fell below 10570 I would concede to mastert's 9999.
Now what? The day is young -- but what a beginning.
We are deep into the time machine now. If we hit 9310, that will be a former high we first saw A DECADE AGO.
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Hiram
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« Reply #167 on: October 06, 2008, 12:36:53 PM » |
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Russian stock market suspended as index fell 15% - jeez, now that is bad.
What if the Dow falls 15%, what figure will the index fall too?
The UK was down 8% at one point, although it has rallied.
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mastert
C Cup
Posts: 213
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« Reply #168 on: October 06, 2008, 12:37:23 PM » |
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I'm also impressed that your bracket held up for that long. Even though I'm not in the stock market yet, I feel for the average Joe taking a bath, especially those nearing or just entering retirement. However, I am thrilled that all those hedge funds are getting crapped on.
I wouldn't put 9310 out of reach. What scares me is that it seems to be a bank a week that's going under. Wamu 2 weeks ago, Wachovia last week, so who's it gonna be this week. Actually it could be kind of fun trying to predict which banks fail next
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pedonbio
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« Reply #169 on: October 06, 2008, 04:20:40 PM » |
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Quote:
mastert said:
I'm also impressed that your bracket held up for that long. Even though I'm not in the stock market yet, I feel for the average Joe taking a bath, especially those nearing or just entering retirement. However, I am thrilled that all those hedge funds are getting crapped on.
I wouldn't put 9310 out of reach. What scares me is that it seems to be a bank a week that's going under. Wamu 2 weeks ago, Wachovia last week, so who's it gonna be this week. Actually it could be kind of fun trying to predict which banks fail next
Great minds run together, mastert. There is a thread titled, "Who's Next?" on that very topic. |
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Someday, chi1dren, this entire fuck-up will be yours.
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mastert
C Cup
Posts: 213
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« Reply #171 on: October 06, 2008, 11:44:45 PM » |
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Holy crap! I totally missed your thread pedonbio. It's 3 weeks old too. Good call!
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AZWolf
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« Reply #172 on: October 07, 2008, 07:52:00 AM » |
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4 digits...nice....Anything lower, just the sweeter. |
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Dawn, n. The time of day when men of reason go to bed.
Pray, v. To ask that the laws of the universe be annulled in behalf of a single petitioner confessedly unworthy.
-- Ambrose Bierce, "The Devil's Dictionary"
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Hiram
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« Reply #173 on: October 07, 2008, 03:30:15 PM » |
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I see Ben Bernanke has put his foot in it today.
Dow down again.
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mastert
C Cup
Posts: 213
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« Reply #174 on: October 08, 2008, 11:05:40 PM » |
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Quote:
DruulEmpire said:
If we hit 9310, that will be a former high we first saw A DECADE AGO.
Well, that didn't take long |
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