Bailout fails! Dow plummets!

Congress has finally done something right!

Dow closes down 777 points, or 7%. Biggest point drop in history.
Nasdaq closes down 199 points, or 9%
S&P 500 closes down 106 points at almost 9%, and fell as much as 15% in after hours trading.

Things look really ugly right now, but this is the medicine that the economy needs. The process of de-leveraging always hurts, but it is necessary to bring the economy back to a point where people do not have to struggle to get by. Banks are leveraged as high as 40:1, basically meaning they owe 40 times more money than they have assets. This has allowed the price of assets to far exceed their real values, and is long overdue for a correction.

http://www.stormfront.org/forum/showthread.php/bailout-fails-dow-plummets-527201.html

Now we have to hear all the TARDS on the Yahoo stock message boards crowing about this being a "buying opportunity".  LOL!

LIQUIDATE THAT MALINVESTMENT. OOHHHH YES. brb fapping

OP is right about one thing, this is the credit purge the economy needs to get rid of the economic downturn.

>>2
It is though.  The best time to buy the stock of companies that are healthy is when they are devalued.

I just put another 4k in a couple companies because they are not connected to in any way to the credit crisis, but their stock price still slipped 4%.

In a month or two, they will have recovered, and I will have made like 14x the interest I would've had I kept that money in my savings.

>>5
I just put another 4k into ammunition and canned food.  We'll see who's laughing in a month or two, when the world has turned into Mad Max Beyond Thunderdome.  You and your worthless pieces of paper get back to me.  I'm going to be in a mountaintop fortress commanding an army of one-eyed mutant motorcyclists with mohawk haircuts and taking over the world.

DOW had the best day in the past 8 years today. 
Lol!

>>5
Well, you're making a mistake in two words:  healthy, and devalued.

The companies aren't that healthy, and they are being more CORRECTLY valued in real and sane terms.

>>8
No.  Many companies (like Coskata, for one) are FAIRLY VALUED at the moment, and fundamentally sound.  The only thing that caused the price of their shared to dip was the Jews squalling over the failed bailout.

The companies I buy stock in are companies set to make a ton of money, somewhat independent of the rest of the economy, because they do what they do better than their competitors, and their services are going to remain in demand even if we are all poor.

>>9
No.  Your definition of "fair" is dependent upon the overblown P/E of an inflationary and destructive stock market, hence that I said was utterly correct:  These companies are not being devalued.  They are RETURNING to sane valuation.

I love how you claim to be "investing" (i.e. gambling, since all public stock buys are gambles) in companies that are "somewhat independent of the rest of the economy".  If they were that independent, then why is there a stock-price issue?

I also love how you believe that "their services are going to remain in demand even if we are all poor".  Poor people can't afford to buy stuff.  Only OVEREXTENSION OF CREDIT allows them to do so ... and we're at the end of that era.

You're as delusional as the average poaster on a Yahoo stock message board.  You basically believe in the economic equivalent of unicorns and faeries.  The only reason that has worked was that we i na huge asset-speculation bubble that raised up all asset classes and was greatly supported by the policies of banks, the government, and personal consumer actions.  ALL THAT'S OVER, PAL.

>>10
Keep telling yourself that, and I'll keep making money.

>>11
On average, "you" are just getting poorer.  You're confusing winning in a lottery with a sound investment plan.

Next, are you going to tell us about your great house-flipping business?