LIBERALS should be to blame for todays MAJOR CRASH on Wall Street.

As I woke up this morning and turned on the TV, the Dow Futures were down a record 440 pts or so, the worst since 9-11-01 when the futures was down 365 pts. The Dow on 9-11 was going to take about a 500 pt hit when the Towers fell. Today, we could be staring at the start of what the Liberals and the Drive-By media have been rooting for..a bad recession. The Dow I think will go down as much as 700 pts maybe a lot more. We have only the Liberals and the media to blame for the major crash.

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This is not a major crash.  However it may be the beginning of one.

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For those that don't have any money in the market it may not be a crash but 9/11 lost about 500k of my retirement for me. That was a crash.

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How are liberals to blame for the on-going correction in the market?  They can root for a recession all they want to, it does not necessarily make it come to pass. Irresponsible, loose fiscal monetary policy brought us to where we are at.  We are now paying the price for holding interest rates down at 1%.  It encouraged irresponsible behavior by consumers and lenders and now our financial institutions are in trouble, and are being bailed out by more inflation.   The recession is here, and has been for months, they just play with the numbers to try and fool us.  I don't know how much you follow the markets, but they have been pretty much a farce lately.  The plunge protection team has been in action for quit some time.  This is just part of the boom and bust cycles perpetuated by central banking, and keynesian economics.  If you are interested I would check out Austrian economics, it is gaining popularity.  The current monetary system this country uses has failed us, and we need an alternative.  Next to illegal immigration, I believe this will become a big issue in the coming elections. 

The national debt has grown more under the Bush watch than any other. I Bush a liberal. Soon all will believe that this is a contrived plan, designed to bring america to her knees. Than the plutocracy will offer us a solution Global Government.

The US markets are CLOSED today for Black Nationalist Day, also known as Martin Luther King Day.

http://www.youtube.com/watch?v=E1Oj7Hk31LY

Is that the one that incited the riots and managed to get out of town just before they started.

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Check out the dive that markets in Europe and Asia took over the last 24 hours.

http://money.cnn.com/data/world_markets/

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MrT said:

Check out the dive that markets in Europe and Asia took over the last 24 hours.

http://money.cnn.com/data/world_markets/

 

I think we are actually real lucky in the US that it was a holiday and the Market was closed.

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     http://www.nytimes.com/2008/01/21/business/22stox-web.html?em&ex=1201064400&en=c4d99e09f3d0726e&ei=5070

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The big selloff was in RESPONSE to big selloffs last week in the US, especially Friday. It wouldn't surprise me if the NYSE rebounded strongly tomorrow.

 Addendum: the stock market doesn't have very much to do with the economy. It has to do with elites making money out of manipulating money, instead of actually producing tangible wealth and products. The US economy has been in deep trouble for years, with the exodus of manufacturing, trade deficits, and wage stagnation. During that time, the stock market was growing like crazy.

Tomorrow's a great time to get in the market and ride the wave back to shore. But for those who have been in awhile, it's gonna be "damage report, Scotty." Savvy investors know how to spread their chips and cut their losses down the road... :)

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What about the country?Those without wealth, that has the 7.00 hr. jobs. They will surely wake up eager to invest.

The fed has only one option at this point, inflate (and very soon) or die.  Never underestimate the ability of central banks to inflate.  I will be buying long calls on some energy stocks this week.

algebra said: What about the country?Those without wealth, that has the 7.00 hr. jobs. They will surely wake up eager to invest.

 

That was my point. Most people are divorced from the stock market, which is why all those globalist financiers are indifferent about the real economy and only start making noise when the market reverses and catches them still long in their stocks. The bottomline effect will be that plenty of US/Canadian companies see their stock prices cut in half or more and the Chinese, Arabs, and Indians, with all that money that we gave them for outsourced manufacturing and oil, will swoop in and buy up your children's birthright. America, owned lock, stock, and barrel by the erstwhile Third World. Thank you, Bush Republicans and Third Worlder Democrats.

algebra said: The national debt has grown more under the Bush watch than any other. I Bush a liberal. Soon all will believe that this is a contrived plan, designed to bring america to her knees. Than the plutocracy will offer us a solution Global Government.

 

Because some people would rather ignorantly sit back and point fingers for all their ailments at "boooooooo, scarey liberals"...when those of us WITHOUT blinders on can see that both parties are to blame, and frankly, this past 7 years, not only the Prez is a conservative, but both houses of the congress are REPUBLICAN controlled---and they have been spending like drunken sailors on shore leave that entire time!!!

And, please, don't tell me that it will take forever to correct from the Clinton years, this Prez and congress have been in control (indeed, the "conservatives" have been in control of congress for what, 12+ years now??) for almost the SAME time Clinton was in office, and NOTHING has been done to correct anything Clinton did, indeed, they have financed and spent like they have unlimited credit and have supported if not strengthened all the BAD ideas of the Clinton area (ie NAFTA, etc) and brot about a few even worse ideas of their own, ie NAU/STP and insecure borders, AMNESTY for illegals, war in Iraq, Mexican truckers allowed to drive into the USA, ignoring the aftermath of Katrina for several days etc etc etc

Besides, IMO, the stock market has been WAY over inflated for the past several years, and is due for a huge crash!

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VeeBee, Great post; eloquently spoken.

I wouldn't be surprised if the stock didn't crash over 400 points on Tuesday!!!

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(CM) theSuperPatriot said: I wouldn't be surprised if the stock didn't crash over 400 points on Tuesday!!!

 

Ouch! I just looked, it is down 435 points.

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