Please keep in mind this author is the same writer who said this is a "No-Bailout" Bailout.
Yup, there goes that guy's credibility -- not that he had anyway, but this cinches it!!!!
"No halting market's avalanche; The bottom may be near, but timing of a recovery is anyone's guess" by Steven Syre, Globe Staff | October 10, 2008
How much worse can it really get?
The stock market's latest plunge, the worst of seven straight daily declines, had money managers shaking their heads yesterday. The Dow Jones industrial average has lost ground in small setbacks and hair-raising plunges, like yesterday's 678.91 drop. The Dow has lost so much ground - nearly 40 percent in the last year and about half of that over the past month - it's hard to imagine having much left to give.
Of course, stocks can, and very well may, go down more from here. Another 600-point slap in the head isn't out of the question. And President Bush's plan to assure the country in remarks from the Rose Garden this morning isn't very assuring. But believe it or not, there are reasons to think stocks are approaching prices that will someday be remembered as a market bottom.
How does he know? The agenda-pushing liar has been WRONG about everything else!!!
The stock market's grim decline looks a lot like past bear markets, and the comparison offers some reasons for hope.
Hope? HOPE? (Baaaaaaaaarrrffff)
Of course, this is the same propagandist paper that claims a depression would be a good idea; being poor is your fault; Boston business benefits from financial failings; financial failures are a good thing; and that these are the best of times .
The amount of money lost in stocks and the length of the decline are on a scale that resembles those previous bear markets. Stock prices, based on many standard measures, have been beaten to values that would normally be seen as bargains.
Then why the SHIT SELL on the BAILOUT, fuckers?!! First we GOTTA HAVE IT, it's a "crisis" -- and now we are told PATIENCE and NOTHING DOING?!!!!
Oh, America, did you ever have the strap-on shoved so far up your ass it came out your mouth, didn't it?
That doesn't mean stocks will recover quickly or dramatically.
Pffffttt!!! WTF is with this scitte-spewing bullshitter?
But it would feel good just to stop losing money. Sideways is the new up. The unfolding financial crisis shaking world markets is hard to comprehend, let alone predict.
Which this scitte-sucker just did! WTF?!!
This collapse is just so different - from our inability to know just how much bad credit lurks around the world, to its resistance to any remedy so far - that a truly terrible economic consequence isn't out of the question. All stock market bets would be off in that case.
This after he said IT WASN'T? Nothing like LYING INSIDE your OWN ARTICLE, 'eh, agenda-pusher? And you WONDER why I RAGE, readers?
There are reasons to be hopeful. That said, this sure doesn't seem like the right time to get in, but it's certainly the wrong time to get out. --more--"
Which is WHY I HAVE!!!!!!!!
If this agenda-pushing shitter wants me to keep my money with them, I'm pulling it out!
Take advice from a pro-rich, pro-corporate, shit-stinking elite War Daily?
NO WAY!!
Especially when he is WRONG AGAIN, Steve!!!!
"World stocks fall sharply again" by Pan Pylas, Associated Press Business Writer | October 10, 2008
LONDON --European stock markets slumped further on Friday following massive losses on Wall Street and Asia on mounting fears that this week's efforts by central banks and governments to break the logjam in credit markets have failed to ease lending rates between banks.
Yeah, that's hopeful.
Here is why the credit logjam isn't being freed up, readers:
U.S. Banks Driving Credit Crunch ON PURPOSE!!
Bush Administration Created Credit Crunch Crisis
Finance ministers and central bankers from the Group of Seven industrialized nations are due to meet later Friday in Washington to address the financial meltdown.
That's all the coverage that meeting of globalists gets, huh, MSM?
That's because they are going to devise a FINANCIAL DICTATORSHIP for the WHOLE WORLD!!!
See: Globalists to Devise New System in Wake of Financial Collapse
Gordon Brown, the British Prime Minister, has called for a "global solution" to the world financial crisis. --more--"
Yeah, he's one of them, too. Also see: The MSM and the Meal for more on Gordo.
Update: Bloomberg: Berlusconi Says Leaders May Close World’s Markets
