3rd day of stock losses

[lonestar2000]

[quote=CA renter]This was a CREDIT bubble, not a housing bubble.[/quote]

I agree partially, all the investment money that drained out of the tech bubble created a huge pool of loan money, at the same time interest was still way low. This had the net effect of inflating prices of all big ticket items as people were ‘flush’ with excess cheap money and they spent like there was no tomorrow.

Once underway, housing became a bubble in itself, blowing it way above what even the credit bubble could pump into it.

Thus, we now have two very big bubbles deflating, which is bringing nearly everything else down with it.

What a wild ride!

To get back on topic that started this thread, Thursday was quite a comeback rally, and Friday was a continuation, right up to the point where people pulled out to put their money back into cash for the weekend.

The question is, whether we’re in for a continuation of the rally next week, or are dropping further down the slope? My gut tells me we’ll be headed further down, but I seem to be a contrary indicator of late, so it may be good advise if you bet against me LOL.

[jficquette]

[quote=Butleroftwo]Obama to the bottom
The DOW is down 3261 since the end of the D convention and down 850 since that ONES election. The Capitalist markets aren’t very optimistic about the change in direction. Bush is now taking advice from N. Pelosi about economics. He can’t wait to get back to Texas.
Maybe we should also bailout American Motors. The Matador would sell well now that gas is back to $2.50 and the Gremlin was so handsome. The Pacer was ahead of its time also. I could go on but will stop here to not threadkill.[/quote]

I had a Gremlin once. It had 50k miles on it when I bought it from my sister when I got out of College.

Certified death trap. I carried a can of brake fluid with me and a long screwdriver to jump the starter.

I read yesterday where GM pays $80 bucks per hour including pension and health benefits.

I think its amusing that some talk about how America should care more about what the world thinks but still think American auto workers should make 3 time whats the Japanese make for building a worst product.

I say let the American auto makers go chapter 11.

John

[jficquette]

[quote=Butleroftwo]Obama to the bottom
The DOW is down 3261 since the end of the D convention and down 850 since that ONES election. The Capitalist markets aren’t very optimistic about the change in direction. Bush is now taking advice from N. Pelosi about economics. He can’t wait to get back to Texas.
Maybe we should also bailout American Motors. The Matador would sell well now that gas is back to $2.50 and the Gremlin was so handsome. The Pacer was ahead of its time also. I could go on but will stop here to not threadkill.[/quote]

I had a Gremlin once. It had 50k miles on it when I bought it from my sister when I got out of College.

Certified death trap. I carried a can of brake fluid with me and a long screwdriver to jump the starter.

I read yesterday where GM pays $80 bucks per hour including pension and health benefits.

I think its amusing that some talk about how America should care more about what the world thinks but still think American auto workers should make 3 time whats the Japanese make for building a worst product.

I say let the American auto makers go chapter 11.

John

[jficquette]

[quote=Butleroftwo]Obama to the bottom
The DOW is down 3261 since the end of the D convention and down 850 since that ONES election. The Capitalist markets aren’t very optimistic about the change in direction. Bush is now taking advice from N. Pelosi about economics. He can’t wait to get back to Texas.
Maybe we should also bailout American Motors. The Matador would sell well now that gas is back to $2.50 and the Gremlin was so handsome. The Pacer was ahead of its time also. I could go on but will stop here to not threadkill.[/quote]

I had a Gremlin once. It had 50k miles on it when I bought it from my sister when I got out of College.

Certified death trap. I carried a can of brake fluid with me and a long screwdriver to jump the starter.

I read yesterday where GM pays $80 bucks per hour including pension and health benefits.

I think its amusing that some talk about how America should care more about what the world thinks but still think American auto workers should make 3 time whats the Japanese make for building a worst product.

I say let the American auto makers go chapter 11.

John

[jficquette]

[quote=Butleroftwo]Obama to the bottom
The DOW is down 3261 since the end of the D convention and down 850 since that ONES election. The Capitalist markets aren’t very optimistic about the change in direction. Bush is now taking advice from N. Pelosi about economics. He can’t wait to get back to Texas.
Maybe we should also bailout American Motors. The Matador would sell well now that gas is back to $2.50 and the Gremlin was so handsome. The Pacer was ahead of its time also. I could go on but will stop here to not threadkill.[/quote]

I had a Gremlin once. It had 50k miles on it when I bought it from my sister when I got out of College.

Certified death trap. I carried a can of brake fluid with me and a long screwdriver to jump the starter.

I read yesterday where GM pays $80 bucks per hour including pension and health benefits.

I think its amusing that some talk about how America should care more about what the world thinks but still think American auto workers should make 3 time whats the Japanese make for building a worst product.

I say let the American auto makers go chapter 11.

John

[jficquette]

[quote=Butleroftwo]Obama to the bottom
The DOW is down 3261 since the end of the D convention and down 850 since that ONES election. The Capitalist markets aren’t very optimistic about the change in direction. Bush is now taking advice from N. Pelosi about economics. He can’t wait to get back to Texas.
Maybe we should also bailout American Motors. The Matador would sell well now that gas is back to $2.50 and the Gremlin was so handsome. The Pacer was ahead of its time also. I could go on but will stop here to not threadkill.[/quote]

I had a Gremlin once. It had 50k miles on it when I bought it from my sister when I got out of College.

Certified death trap. I carried a can of brake fluid with me and a long screwdriver to jump the starter.

I read yesterday where GM pays $80 bucks per hour including pension and health benefits.

I think its amusing that some talk about how America should care more about what the world thinks but still think American auto workers should make 3 time whats the Japanese make for building a worst product.

I say let the American auto makers go chapter 11.

John

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