Anyone want to take a stab at how many points Dow will lose tomorrow?

[Becks...poamr]

at what point will it be like.."Ya know, I really don't want this job anymore.."

Anyone who would make a GREAT president has the sense not to run.

 

[YMIHERE]

I predict with 100% certainty that the stock market values will fluctuate tomorrow.

 

[icerfan]

I think I get to claim the win for this little thread...the down sunk like a rock to 450 points...before a panic/emergency "secret 3/4 pt rate cut" which nobody foresaw happening

The rate cut was announced about an hour before the markets opened (I found a story posted at 8:20 ET / 1320 GMT). :2 cents:

 

[hiimrudd]

somewhere between a hundred & two. It's still over inflated & our dollar's worth crap

 

[D-rock]

The prez met with the Nincompoops Pelosi/Reid to talk about "stimulating packages"....I am leery of anything that comes out of a meeting between these 3 "geniuses"...

I am leery of anything that is called a "stimulating package". I don't want to be around the person that has that. :rofl:

 

[hedgehog]

Unfortunately, the rate cut is exactly the wrong thing for the economy right now. All the rate cut will do is cause inflation. The primary function of cutting rates is to add liquidity to the markets and to make loaning money cheaper. Right now the American consumer has recognized the fact that they are stretched. I don't foresee many people running out to purchase houses that haven't already bought.

Instead, you'll find a weaker dollar in the currency markets leading to inflation, higher prices in the petroleum markets. This action is essentially a repeat of the policies of the late 70s which will unfortunately require the difficult monetary policy decisions we saw in the early 80s to end the stagflation.