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Sometimes these folks need to shut up

select-fireselect-fire Member Posts: 69,529 ✭✭✭✭
edited September 2012 in General Discussion
A quiet day on Wall Street turned into the worst sell-off in three months after a Federal Reserve official said he doubted the bank's effort to boost economic growth would work.
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Comments

  • toad67toad67 Member Posts: 13,008 ✭✭✭✭
    edited November -1
    He's only saying what most of us believe is true. If Wall Street went on reality rather than speculation, false hopes and the ability to always inflate things maybe we would be better off.
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  • poppaleepoppalee Member Posts: 1,239 ✭✭✭✭✭
    edited November -1
    He is right.
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  • Marc1301Marc1301 Member Posts: 31,895 ✭✭✭
    edited November -1
    Give me a break,.....a couple of them said the same thing the day of Bernanke's speech announcing QE3.

    Why did it have no impact on that day?

    Facts are we have inflation, even though the Gub refuses to acknowledge it.
    Impossible to have gas prices this high, for this long and not have pretty much everything impacted.

    Food will get even worse due to the drought conditions in many of our crop/livestock producing areas.

    Interest rates should be going UP, not staying at 0% until 2015.
    Bernanke is a moron.[xx(]
    "Beam me up Scotty, there's no intelligent life down here." - William Shatner
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  • Don McManusDon McManus Member Posts: 23,695 ✭✭✭✭
    edited November -1
    The DOW only dropped just over 100 points (.75%) and the sky is falling?

    It does worse than that when Warren Buffet farts.


    Crossing 10,000 again is when things will get interesting.

    I'm thinking mid-February to mid-March, 2013 at the latest.

    Mid December if the Fed releases honest information after the election.
    Freedom and a submissive populace cannot co-exist.

    Brad Steele
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  • bpostbpost Member Posts: 32,669 ✭✭✭✭
    edited November -1
    quote:Originally posted by poppalee
    He is right.




    He is right, there is no answer available to bankers and governments except collapse because they will NOT stop spending money they do not have. Europe is a shining example of the failures Socialism will bring.

    America will fail because we can't mind our own dang business.
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  • JunkballerJunkballer Member Posts: 9,309 ✭✭✭✭
    edited November -1
    Who gives a damn, the world is ending in Dec. have'nt you heard [:D]

    "Never do wrong to make a friend----or to keep one".....Robert E. Lee

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  • guntech59guntech59 Member Posts: 23,188 ✭✭✭
    edited November -1
    quote:Originally posted by bpost
    quote:Originally posted by poppalee
    He is right.




    He is right, there is no answer available to bankers and governments except collapse because they will NOT stop spending money they do not have. Europe is a shining example of the failures Socialism will bring.

    America will fail because we can't mind our own dang business.


    I couldn't agree more!
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  • montanajoemontanajoe Forums Admins, Member, Moderator Posts: 60,240 ******
    edited November -1
    Yep. [:(!][:(]
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  • bigoutsidebigoutside Member Posts: 19,443 ✭
    edited November -1
    quote:Originally posted by select-fire
    A quiet day on Wall Street turned into the worst sell-off in three months after a Federal Reserve official said he doubted the bank's effort to boost economic growth would work.


    I had a salad for lunch today.

    That has about as much to do with day to day market fluctuations as a fed gov offhand comment.
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  • ForkliftkingForkliftking Member Posts: 4,907 ✭✭✭
    edited November -1
    My Eli Lilly stock was the only one to see a gain today. All of my others are in the red. My biggest looser was Duke Energy with a drop of 0.31.
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