Comment by PeterW — January 23, 2008 @ 3:09 pm”

I couldnt agree MORE Peter!

Comment by John Kerry — January 23, 2008 @ 4:39 pm

Now, JK, I know that you are an intelligent person posing as an idiot for giggles, and you know that the Fed’s pumping of money into the market is the upswing today. The Bank of China issued a statement denying awareness of any reasons for recent declines in its stock price amid reports as it may face significant losses from U.S. mortgage-backed securities. Citigroup Inc. and Merrill Lynch & Co. reported losses of nearly $10 billion in the most recent quarter after writing down the value of mortgage-related securities. Rate cuts will eventually boost margins for banks and other lenders, which have been working to lower costs and boost cash levels through layoffs and stock sales. This does not translate to higher liquidity for the average consumer. The Fed’s continued obsession with slashing interest rates and printing money in order to maintain the facade of the grossly overvalued stock market while the dollar collapses is precipitating a financial holocaust. the stock market is grossly overvalued due to the weakness of the dollar and is due a severe correction seems impossible to accept for the average and large investor. Today Motorola and Apple nosedived both around 20% with speculation consumer spending will be down. So in effect, no one benefits from this volatility.

Part of the problem with corporate governance is that dividend pay-outs have become much rarer than in the old days. It’s a sign that companies are now run by their executives, rather than their owners (the shareholders).

Comment by good_golly — January 23, 2008 @ 2:26 pm

Gigi is probably right.

Comment by ralph the wonder llama

Hmmm, these folks don’t seem to agree…
Stock markets plunge worldwide

http://news.yahoo.com/s/ap/20080121/ap_on_bi_ge/world_markets;_ylt=AjNKVfqcz3sn4NmRijtcdj2s0NUE

I got all of your point ralph….just wanted to add to it……gg knows things we don’t know….heard that before?

Underpinnings?? What in the hell is that?

Memo to McCain: English please.

No, McCain, the economy is in the tank. Enough said.

Comment by John Kerry — January 23, 2008 @ 2:15 pm

I just love a good laugh, whether it’s The Three Stooges, Marx Brothers, Firesign Theatre, Abbott and Costello, George Carlin, Bill Hicks, DEVO, Lucille Ball, Professor Irwin Corey, or a poster named John Kerry doing an impersonation of a Republican Half-Wit.

You are really very good at it.

Comment by good_golly — January 23, 2008 @ 2:26 pm

Gigi is probably right. Historically markets always advance in the long term. But by saying this is “temporary” she ignores that a drop of 15% indicates an unhealthy economy. She, like Troll JK, also ignores the multitude of negative signs for the economy in order to declare the Bush Economy sound and healthy.

Inflation is up, unemployment is up, corporate earnings are down, consumer spending is down. Consumer spending has been the primary engine keeping the Bush economy afloat over the past few years, and that spending was driven by two factors: expanding home values, and expanding consumer debt. In other words, consumers were outspending their incomes too, just not as drastically as the Bush Administration.

Now, with home prices crashing and foreclosures skyrocketing, consumer spending is being reined in. Not good news for an economy that has depended on that spending for so long.

So, yes, GiGi, the downturn is temporary. But if it lasts three years instead of three days, it’s still temporary, right?

Comment by John Kerry — January 23, 2008 @ 1:53 pm

I’m thinking about starting a troll archive, in which i save and store the most abjectly stupid predictions of the familiar trolls on here. That way I’ll have evidence to shut them up when their predictions prove miserably off-base.

This one’s a good place to start.

A market correction is defined as a temporary drop of 10%. So far the Dow is off its high by 15% and counting.

Comment by plunger — January 23, 2008 @ 12:49 pm

The fact that our form of currency is paper is a given. Your point that paper is meaningless when the $ gets devalued is correct but it’s correct regardless of the stock market. You could put your money under the mattress and it will still be worth less now then it was 7 years ago. Had you bought a basket of Dow stocks 7 years ago at least it would be worth 11% more then it was. You could sell it today and be up 11%. It’s still worth less because your $ dropped about 1/2 but it’s better then had you put it in your mattress. So I don’t understand how you’re connecting the bad $ with the stock market. If your $ goes “all the way off the cliff”, whatever that means, some companies will prosper, some will fail. But you personally will suffer just as much, if not greater, by having your money sitting in your pocket compared to having it in the stock market. Gold would be a preferable spot but it has its problems too. I’m not arguing that your $ is in the $hitter, just that you’re not worse off in the last 7 years by investing in the Dow. You’re just worse off then you would have been with anyone else in office.

Comment by John Kerry — January 23, 2008 @ 1:53 pm

You are one good master of Parody JK!! A liberal/progressive pretending to be a dummy…….Excellent!!!!!

I may join as another email account, and try the same thing myself.

Comment by DieNowForPeace — January 23, 2008 @ 1:48 pm

He sure does

Here is Jihad Gerry with George Bush cutout

http://www.youtube.com/watch?v=dlU20YC6Ly4&sdig=1

Don’t you think Dick Cheney looks just like Booji Boy?

Comment by Bobwurst — January 23, 2008 @ 1:22 pm

You should have heard back in the days of Nixon. people used to say the same thing. My friends and I, always more politically aware than the standard “Hippys who became yuppies”, said that it can always get worse. My Vietnam Vet friends are writing articles comparing Nixon to Bush, and Vietnam to Iraq, and they ALL feel it is worse now. I knew the crap hit the fan when Tricky Dick took us off the Gold Standard, and Kent State happened. I know Bob Casale from DEVO, who witnessed the Kent State shootings from 20 feet away, and it is what motivated the band to become one of the strongest political bands in history, no matter what you think of DEVO (yes, they were MUCH more than flower pots on their heads…”Pot” heads as Bob and Mark used to say).

Eisenhower was attacked as being a “Communist” by McCarthy and crew because he was the last Constitutional Republican we had, who actually warned us of the “Military Industrial Complex”

Comment by ralph the wonder llama — January 23, 2008 @ 1:14 pm

Yeah, it’s a dumb parody, if it is. Good Satire and parody suspends the belief that the person is “one of us”, and actually makes you think he/she is the dummy. On second thought, we are thinking JK is an idiotic Bushista. So there ya go!!

An intelligent Neo-Con supporter simply does not exist, so right there it would be a give away. In other words, to do a good Repuke/Neo-Con parody, you would have to appear to be a dolt.

Something to think about when answering these Freepers/Repukes/Bushies.

Comment by Bobwurst — January 23, 2008 @ 1:22 pm

The US will not survive another horseshit GOP president…….
It simply cannot be allowed.