mr_genius

QUOTE (NorthSideSox72 @ Oct 9, 2008 -> 03:42 PM) Actually, I doubt it. Think about this in terms of who has their money in there... --You've got people who are personally active in the markets, or who are relatively market savvy and go through others. For any of them, they realize that getting out now is idiotic. Its locking in huge losses, and ignoring the buying opportunity. --You've got people with brokerage accounts and small investments - similar, they'll know how it goes. --You've got 401k types, where that is all they have. People don't think short term on 401k's - they'll stay in. --You've got those near retirement - they can't retire as easily now, so they'll stay in. --You've got trading firms and IB's, who certainly won't leave the markets, unless they go out of business. Even then, their positions will still be there with their market value. Other firms will buy it up. Basically, no large group in the market will leave. The markets are, in this case, the opposite of retail banks. Panicked downturns don't result in collapses (1929 being the exception, but that was a different scenario). At SOME point, they result in a reverse and upward trend. The only question is, where is that bottom? This won't result in a panic liquidation. A few will, but they will be far offset by the larger monies going IN on the buying opp. People are already liquidating their shares. That is a major reason for stocks tumbling. Selling low is dumb, but people act dumb in a panic. You will continue to see panic sells, the question is where the market will level off. Maybe a Dow at the low 8000's, possibly even dip into the 7000's. You are right to a certain extent, there are long term investors who will not pull out their savings and sell low (which would screw them in the long run).

QUOTE (NorthSideSox72 @ Oct 9, 2008 -> 03:12 PM) Bounce didn't last. Dead cat. Dow closes down 7% to 8609 S&P closes down 7.4% at 912 Nasdaq relatively well off, closing down 5.47% at 1645 Ouch. the lower the market gets, the more people will panic and pull their money out. the public has lost faith in the stock market to an extent. not a good sign.

QUOTE (Cknolls @ Oct 9, 2008 -> 01:54 PM) Waiting with baited breath for the MSM newscasts tonight to do a story on Messiah being a member of the NEW Party. They were all over Palin being a supposed member of a seccessionist party(false), so I am sure they will follow this story with as much vigor. it will be ignored, or mentioned followed by staunch defense of Obama.

QUOTE (Balta1701 @ Oct 9, 2008 -> 12:38 PM) So, there is some backstory here...the guy instituting this policy will still perform evictions, but only if the bank provides documentary proof that the people he's evicting actually have been notified and given 120 day warnings. The idea is to avoid the mess where a person goes in to foreclosure and either isn't told at all before they're evicted or even worse when a property owner goes in to foreclosure and the people he's renting to wind up being evicted despite having paid their rent in full and no warning given to them whatsoever. Don't see how it's inappropriate for a bank performing an eviction to follow the laws even if that makes it a little more expensive for them. they need to figure out a way to tell tenants if they are going to get evicted 120 days before time. but if banks can't forclose on properties, this whole economic disaster is only going to get much worse. banks not being able to recoup money form loans is a major reason for what is going on. if this 'will not evict' policy spreads banks will not give out home loans anymore. it's that simple.

Chicago will not evict people whom do not pay mortgage http://apnews.myway.com/article/20081008/D93MFL900.html I know this sounds like a good thing to do, but in reality it's a horrible policy. Things like this are the types of policies that can lead to a complete collapse of financial systems. If it ends up being everyone with a mortgage may just decide to stop paying, and never get evicted, the whole system is FAIL.

Obama won. Even if it was a 'tie', still a win for Obama. He has a big lead. I thought McCain had a terrible performance. This election is all but over already.

QUOTE (Pale Hose Jon @ Oct 7, 2008 -> 09:39 PM) Actually he seems to be making a good point.

LOL! there is the most dimwitted Obama campaign worker on FOX. you gotta turn it on. he completely just lost his mind. wow that was bizarre. what a psycho

uh oh http://www.breitbart.com/article.php?id=D9...;show_article=1

QUOTE (Steve9347 @ Oct 7, 2008 -> 03:45 PM) What a terrible thing, the Obama campaign doesn't want lies spread. Sorry, I will not support a presidential candidate threating to removing FCC licenses because a critic of his is going to be on air. Everything negative thing about an incumbent could all of a sudden become a 'lie'. have someone go on air to dispute the claims or something.

QUOTE (BigSqwert @ Oct 7, 2008 -> 03:38 PM) That's all you have? It's ok to lie about sex ed and kindergarten children in your book but you're outraged that Obama's general counsel suggested that a station refuse to to continue to air an advertisement. I don't care about McCain's ads, this is true. I don't care about Obama running ads about how McCain is too dumb to use a computer. I DO care about a potential president threatening to remove the FCC license of radio stations which have certain authors on or run political ads against Obama. It's really an outrage. I don't care how much of a fanatical Obama supporter you are, you should see the fault in such threats.

I wouldn't be too worried about McCain attack ads on this stuff if I was you guys. Most people don't care about Bill Ayers, or any of that stuff. They want economic answers.

QUOTE (NorthSideSox72 @ Oct 7, 2008 -> 03:17 PM) Huh? If someone is going to air a commercial or have an interview with an author that Obama does not approve of, Obama has threatened to have their licensed revoked. The dirtiest tactic in recent election history by far. They know if he wins they could very well get their license revoked. It's an obvious threat. I would actually be very surprised if you support such threats. He has also sent out commands to his followers to go after any station that has authors whom write a negative book about Obama. Who knows, Obama has so many fanatical worshippers he really shouldn't be sending out orders to go after any media outlets. Results could end up being tragic.

Oh this is just great http://www.foxbusiness.com/story/markets/i...etting-bailout/

QUOTE (BigSqwert @ Oct 7, 2008 -> 02:56 PM) I particularly disliked the ad where he claimed McCain wants to teach sex ed to kindergarten students.....oh wait. you didn't see it because McCain threatened to have his supporters destroy the TV station if they showed it... oh wait.

Oh Barney, I understand this is the new talking point sent out to the media and surrogates from the DNC, but really. Accept some responsibility for your poor judgement with some of these programs you were involved in. http://www.breitbart.com/article.php?id=D9...;show_article=1

anyone want to predict the low point the Dow will hit during this crash? 8,000? 7,000?

QUOTE (NorthSideSox72 @ Oct 7, 2008 -> 02:54 PM) Obama hasn't even run the dirtiest or most dishonest campaign in this cycle. he has, by far. it's not even really a close call.

at least oil prices are going down i guess

I've been checking out what the Obama campaign is doing lately, they have run by far the dirtiest, most dishonest, presidential campaign in modern US election history. Well, the bar has been raised and Karl Rove knows his title has been surpassed, I am guessing he will step up his game for the 2010 senate elections.

QUOTE (bmags @ Oct 7, 2008 -> 12:39 PM) fivethirtyeight is incredibly informative. it's my favorite site to check the current environment of the electoral college map

QUOTE (Alpha Dog @ Oct 7, 2008 -> 11:14 AM) I think the scarier actions are the constant threats of legal actions by the Obama camp everytime someone says or does something they don't like. Don't like a radio interview? Tell them you are going to try and have their license revoked. Don't like the guest choices at a non-profit protest? Sick the IRS on them to remove their tax exempt status. That is way more scarier. Who would have thought all the brownshirts would have dems wearing them. the brown shirts were socialists these socialistic schemes often go hand in hand with book burning, limiting speech, and authoritarian measures. *waits for firestorm of Obama supporters to overload thread*

QUOTE (Athomeboy_2000 @ Oct 7, 2008 -> 11:45 AM) This is getting scary: That is completely unacceptable, if true. However, I am skeptical as the media has decided on a narrative and they are more than willing to exaggerate or completely fabricate stories to make sure that narrative seem legit.

QUOTE (Athomeboy_2000 @ Oct 7, 2008 -> 11:53 AM) Probably Brokaw, and he's in McCain's Camp. lol Huffington post. now anyone that isn't Olbermann is a McCain supporter. I love it. keep it up

QUOTE (lostfan @ Oct 7, 2008 -> 09:20 AM) I need a new roof. I had a brief little infatuation with solar shingles but I don't think the Nazi party my homeowner's association will go for that. haha that sucks. having solar panels would be sweet.