The Economy/Wall Street

[TWCToday]

The election has nothing to do with it.

I agree with you there. Today was one of the worst days I have ever seen on the market. The Wachovia was a big shock too! There stock went down over 81%! The S&P went down almost 9% and thats almost unheard of! My family has a lot of money invested and we found out we lost quite a bit today. Overseas markets are also down. Some as high as 10%! This is a scary time for people money invested in the stock market. America will never see a depression like the 20's but big things may change. As for this whole goverment bail out. People are torn between it. Why should the average American taxes go to bailing out the companies that got us in this mess. We need to see the market reach the bottom but on the other hand we need to keep the country running. Its a confusing mess that will have a big effect on the future of this nation

[wstarcraze]

BREAKING NEWS

The 700 Billion Dollar bailout plan for Wall Street has been


REJECTED
 

Our economy and our government is really going downhill

[TWCToday]

BREAKING NEWS

The 700 Billion Dollar bailout plan for Wall Street has been


REJECTED
 

Our economy and our government is really going downhill

Correction. Both have gone downhill but your now just seeing the effects of it.

[tpirfan28]

BREAKING NEWS

The 700 Billion Dollar bailout plan for Wall Street has been


REJECTED
 

Our economy and our government is really going downhill

You're six hours late.   

[wstarcraze]

REALLY

[lfmusiclover]

How much better is Canada's economy compared to ours? I might want to move there if it is.

That's the most absurd thing I've heard in a while, Mike. You'd move to another country over the current economic situation? That's craziness!

The outcome of the election will greatly determine whether that idea is crazy or not...

The election has nothing to do with it.

But the inverse does...before the bailout failed, and the knee-jerk self-destruction of the market, John McCain was at a campaign rally and was "gloating" that HE did the right thing by suspending his campaign, going to Washington, and helping create this bill.  Erm.....

This election is Obama's to lose at this point in time.

Yes, but on the flip side, for all his gloating, we got shit on.  You can bet Barack's gonna capitalize on that.

This whole mess came about because corrupt bigwigs wanted to fill their pockets. Well, they've done that, but now they've driven their companies into the ground. The FBI is supposed to be investigating somewhere near 30 companies on suspicion of corruption.

[wstarcraze]

30 COMPANIES DAMN THATS A LOT OF BIGWIGS

OR AS I LIKE TO CALL THEM TRUSTS

IT SEEMS THAT OPEC IS STARTING TO ACT LIKE ANOTHER STANDARD OIL

LIKE WE NEED ANOTHER ONE OF THOSE PROBLEMATIC J :censored:S

[wstarcraze]

SORRY FOR THE CRABBINESS

I AM JUST VERY TIRED BECAUSE I BARELY GOT ANY SLEEP ON THE TRAIN GOING BACK TO TOLEDO

I GOT STUCK NEAR 4 GIRLS WHO WOULDN'T STFU!  THEY TALKED THE ENTIRE TRIP FROM CHICAGO TO TOLEDO.

I HATE BEING STUCK NEXT TO WHAT MY DAD AND I LIKE TO CALL (CHATTY CATHIES)

[TWCToday]

We are in a bind aren't we. Help keep these corrupt companies alive and save (temporarily atleast) the economy; or let them fail and have the markets crash/stabilize.

Wow lay off the caps a little  

[Alejandro]

if 2nd plan on Thursday works The Dollar index falls=NYMEX Wti & Brent Sea crude Oil rising to $135, it's the house's decision and i feel like if greedy traders wanted easy money and not giving back burrowed dollars they owe why should we pay for their mistakes? so that's why we are here in this phase today, Main Street shouldn't pay for Wall Street's silliness

[lfmusiclover]

Are you suggesting that if the bailout plan goes through on Thursday that Crude prices are going to go to $135? I think your a little off the mark. I don't see crude rising like that anytime soon. In fact, the only thing I see is crude continuing to plunge.

[TWCToday]

Are you suggesting that if the bailout plan goes through on Thursday that Crude prices are going to go to $135? I think your a little off the mark. I don't see crude rising like that anytime soon. In fact, the only thing I see is crude continuing to plunge.

Yea. As the market goes down, so does the prices of gas

[lfmusiclover]

Are you suggesting that if the bailout plan goes through on Thursday that Crude prices are going to go to $135? I think your a little off the mark. I don't see crude rising like that anytime soon. In fact, the only thing I see is crude continuing to plunge.

Yea. As the market goes down, so does the prices of gas

It's the principle of supply and demand. As the market deteriorates, demand drops, and supplies increase. Therefore prices drop.

[tpirfan28]

+500 today on the Dow.

I seriously can't figure this out anymore.

[wxmediafan]

+500 today on the Dow.

I seriously can't figure this out anymore.

On the local morning news, every Monday and Tuesday they've got a couple guys from mortagage companies (or something like that) that talk about the economy, and yesterday he said that we are in for a wild week.  So far, it's been a wild week.