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October 15, 2008 at 5:09 PM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #287748October 15, 2008 at 5:09 PM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #288049
jficquette
Participant[quote=stockstradr]Dow can drop 3350 in one day if the decline happens before 2 pm Eastern.
Wrong. you misread the rules of the circuit breakers.[/quote]
I was just going by this statement on the NYSE site:
“In the event of a 3350-POINT decline in the DJIA (30 percent), regardless of the time, MARKET CLOSES for the day.”
Apparently there is a way to accommodate a 3350 pt or 30% fall within the rules or that statement wouldn’t be neccessary.
October 15, 2008 at 5:09 PM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #288065Participant[quote=stockstradr]Dow can drop 3350 in one day if the decline happens before 2 pm Eastern.
Wrong. you misread the rules of the circuit breakers.[/quote]
I was just going by this statement on the NYSE site:
“In the event of a 3350-POINT decline in the DJIA (30 percent), regardless of the time, MARKET CLOSES for the day.”
Apparently there is a way to accommodate a 3350 pt or 30% fall within the rules or that statement wouldn’t be neccessary.
October 15, 2008 at 5:09 PM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #288092Participant[quote=stockstradr]Dow can drop 3350 in one day if the decline happens before 2 pm Eastern.
Wrong. you misread the rules of the circuit breakers.[/quote]
I was just going by this statement on the NYSE site:
“In the event of a 3350-POINT decline in the DJIA (30 percent), regardless of the time, MARKET CLOSES for the day.”
Apparently there is a way to accommodate a 3350 pt or 30% fall within the rules or that statement wouldn’t be neccessary.
October 15, 2008 at 5:09 PM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #288096Participant[quote=stockstradr]Dow can drop 3350 in one day if the decline happens before 2 pm Eastern.
Wrong. you misread the rules of the circuit breakers.[/quote]
I was just going by this statement on the NYSE site:
“In the event of a 3350-POINT decline in the DJIA (30 percent), regardless of the time, MARKET CLOSES for the day.”
Apparently there is a way to accommodate a 3350 pt or 30% fall within the rules or that statement wouldn’t be neccessary.
Participant[quote=fat_lazy_union_worker]I wish I could threaten to sue to have my principle or loan payment lowered. Sue for being overly responsible.[/quote]
Class action suit would be the way to go.
Participant[quote=fat_lazy_union_worker]I wish I could threaten to sue to have my principle or loan payment lowered. Sue for being overly responsible.[/quote]
Class action suit would be the way to go.
Participant[quote=fat_lazy_union_worker]I wish I could threaten to sue to have my principle or loan payment lowered. Sue for being overly responsible.[/quote]
Class action suit would be the way to go.
Participant[quote=fat_lazy_union_worker]I wish I could threaten to sue to have my principle or loan payment lowered. Sue for being overly responsible.[/quote]
Class action suit would be the way to go.
Participant[quote=fat_lazy_union_worker]I wish I could threaten to sue to have my principle or loan payment lowered. Sue for being overly responsible.[/quote]
Class action suit would be the way to go.
October 12, 2008 at 7:06 PM in reply to: Thank you Clinton for the Sub-Prime Boom! 1999 NYT Article #286523Participant[quote=DWCAP][quote=jficquette][quote=jpinpb]You neglected to mention the surplus that we had w/Clinton, in contrast to the deficit we have now.[/quote]
The surplus was due to the Republican’s reform of welfare and other items in its contract with America passed in 1994.
Clinton was just along for the ride.[/quote]
No, the surplus Clinton is given credit for was due to the tech bubble. People were day trading stocks like crack and it generated HUGE tax$$$. When it all burst in 2000, it didnt show up till 2001 when we had a new prez. He then latched onto 9/11 as a chance to make a name for himself and get reelected/keep repub’s in power. Fiscal disaplin in the repub’s broke down then in a rush to get reelected and we ended up roughly doubling our national debt. The housing bubble was used/created to limit the pain of the 1990’s stock bubble.
None of the huge increase in the national debt could have happened without the support of the democrats. Why they seem to get a pass on all this is beyond me. I dont care if you are the gettaway driver or the stickup man, both are guilty of robbery. [/quote]
I agree. It was a once in a generation windfall.
October 12, 2008 at 7:06 PM in reply to: Thank you Clinton for the Sub-Prime Boom! 1999 NYT Article #286816Participant[quote=DWCAP][quote=jficquette][quote=jpinpb]You neglected to mention the surplus that we had w/Clinton, in contrast to the deficit we have now.[/quote]
The surplus was due to the Republican’s reform of welfare and other items in its contract with America passed in 1994.
Clinton was just along for the ride.[/quote]
No, the surplus Clinton is given credit for was due to the tech bubble. People were day trading stocks like crack and it generated HUGE tax$$$. When it all burst in 2000, it didnt show up till 2001 when we had a new prez. He then latched onto 9/11 as a chance to make a name for himself and get reelected/keep repub’s in power. Fiscal disaplin in the repub’s broke down then in a rush to get reelected and we ended up roughly doubling our national debt. The housing bubble was used/created to limit the pain of the 1990’s stock bubble.
None of the huge increase in the national debt could have happened without the support of the democrats. Why they seem to get a pass on all this is beyond me. I dont care if you are the gettaway driver or the stickup man, both are guilty of robbery. [/quote]
I agree. It was a once in a generation windfall.
October 12, 2008 at 7:06 PM in reply to: Thank you Clinton for the Sub-Prime Boom! 1999 NYT Article #286834Participant[quote=DWCAP][quote=jficquette][quote=jpinpb]You neglected to mention the surplus that we had w/Clinton, in contrast to the deficit we have now.[/quote]
The surplus was due to the Republican’s reform of welfare and other items in its contract with America passed in 1994.
Clinton was just along for the ride.[/quote]
No, the surplus Clinton is given credit for was due to the tech bubble. People were day trading stocks like crack and it generated HUGE tax$$$. When it all burst in 2000, it didnt show up till 2001 when we had a new prez. He then latched onto 9/11 as a chance to make a name for himself and get reelected/keep repub’s in power. Fiscal disaplin in the repub’s broke down then in a rush to get reelected and we ended up roughly doubling our national debt. The housing bubble was used/created to limit the pain of the 1990’s stock bubble.
None of the huge increase in the national debt could have happened without the support of the democrats. Why they seem to get a pass on all this is beyond me. I dont care if you are the gettaway driver or the stickup man, both are guilty of robbery. [/quote]
I agree. It was a once in a generation windfall.
October 12, 2008 at 7:06 PM in reply to: Thank you Clinton for the Sub-Prime Boom! 1999 NYT Article #286861Participant[quote=DWCAP][quote=jficquette][quote=jpinpb]You neglected to mention the surplus that we had w/Clinton, in contrast to the deficit we have now.[/quote]
The surplus was due to the Republican’s reform of welfare and other items in its contract with America passed in 1994.
Clinton was just along for the ride.[/quote]
No, the surplus Clinton is given credit for was due to the tech bubble. People were day trading stocks like crack and it generated HUGE tax$$$. When it all burst in 2000, it didnt show up till 2001 when we had a new prez. He then latched onto 9/11 as a chance to make a name for himself and get reelected/keep repub’s in power. Fiscal disaplin in the repub’s broke down then in a rush to get reelected and we ended up roughly doubling our national debt. The housing bubble was used/created to limit the pain of the 1990’s stock bubble.
None of the huge increase in the national debt could have happened without the support of the democrats. Why they seem to get a pass on all this is beyond me. I dont care if you are the gettaway driver or the stickup man, both are guilty of robbery. [/quote]
I agree. It was a once in a generation windfall.
October 12, 2008 at 7:06 PM in reply to: Thank you Clinton for the Sub-Prime Boom! 1999 NYT Article #286865Participant[quote=DWCAP][quote=jficquette][quote=jpinpb]You neglected to mention the surplus that we had w/Clinton, in contrast to the deficit we have now.[/quote]
The surplus was due to the Republican’s reform of welfare and other items in its contract with America passed in 1994.
Clinton was just along for the ride.[/quote]
No, the surplus Clinton is given credit for was due to the tech bubble. People were day trading stocks like crack and it generated HUGE tax$$$. When it all burst in 2000, it didnt show up till 2001 when we had a new prez. He then latched onto 9/11 as a chance to make a name for himself and get reelected/keep repub’s in power. Fiscal disaplin in the repub’s broke down then in a rush to get reelected and we ended up roughly doubling our national debt. The housing bubble was used/created to limit the pain of the 1990’s stock bubble.
None of the huge increase in the national debt could have happened without the support of the democrats. Why they seem to get a pass on all this is beyond me. I dont care if you are the gettaway driver or the stickup man, both are guilty of robbery. [/quote]
I agree. It was a once in a generation windfall.
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