4um: Dow drops 6 hundred plus points for a loss of 6.66% in the 6th worst trading day ever

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Title: Dow drops 6 hundred plus points for a loss of 6.66% in the 6th worst trading day ever
Source: The Definitive End Bar & Grill
URL Source: [None]
Published: Aug 8, 2011
Author: Rabbi Essostein
Post Date: 2011-08-08 17:15:36 by Esso
Keywords: None
Views: 2373
Comments: 33

Now who is it with the obsession with the number 6? It'll come to me in a minute. It's right on the tip of my tongue...
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Begin Trace Mode for Comment # 2.
#2. To: Esso (#0)
deleted

Eric Stratton posted on 2011-08-08 17:32:55 ET Reply Untrace Trace Private Reply
Replies to Comment # 2.
#3. To: Eric Stratton (#2)
These huge up and down moves are a lot like shaken baby syndrome ... the bruising from the shaking is fatal to many. The dollar keeps losing value so the stock market would have to go to 30,000 just to keep up with inflation !

noone222 posted on 2011-08-08 17:40:58 ET Reply Untrace Trace Private Reply
#14. To: Eric Stratton, Noone222 (#2)
How long ya think before the market gains it all back?

Probably never. Like Noone said, the Dow would have to get to 30,000, maybe 40 just to get back to where it was toward the end of the Clinton administration before the tech crash.
Doesn't really matter, Goldman Sachs and their HFT computer algos are systematically looting the markets and the country. It's not possible to win unless you're one of the insiders.

Esso posted on 2011-08-08 21:22:32 ET Reply Untrace Trace Private Reply
#16. To: Eric Stratton (#2)
How long ya think before the market gains it all back?

A year or Tuesday. Down I guess 7,000

tom007 posted on 2011-08-08 21:30:44 ET Reply Untrace Trace Private Reply
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