Stock Markeyt Nosedive [Archive]

W2ILP

02-28-2007, 03:03 AM

I believe that the stock-market fell because of the prophecies of Greenspan. He is retired and I wish he would keep his mouth shut. He predicted that a recession was on the way...and it might become a self fulfilling prophecy because of him.

At any rate by the time of the next presidential election the Republicans won't be able to say that giving big tax cuts to the rich has helped the U.S. economy. I though that Greenspan was rich...but maybe he didn't get a big enough tax cut to keep his mouth shut...I think.

It is a good thing that I am not a stock trader...I'm just a stock holder of few shares..

w2ilp (Insider's Lousy Predictions)...can prick any bubble.

KC7UP

02-28-2007, 03:45 AM

Fortunately the stock most of our money is in went up some.
Curt

KA8NCR

02-28-2007, 03:55 AM

You can't have those kinds of gains forever; you gotta allow a new series of day traders an opportunity to hold the bag.

At the end of the day, I was up a couple bucks. The glory of diversification.

K5FH

02-28-2007, 05:22 AM

Quote[/b] (W2ILP @ Feb. 27 2007,20:03)]I believe that the stock-market fell because of the prophecies of Greenspan. He is retired and I wish he would keep his mouth shut. #He predicted that a recession was on the way...and it might become a self fulfilling prophecy because of him.
It has been said that the stock market is as much psychological as financial, so it is more than likely that Greenspan's pronouncement triggered a small panic among some more nervous investors.

Makes you wonder if that's the effect he intended. #Whatever else we can say about him, he isn't stupid and he had to know that the media would pounce on his every word like vultures on roadkill.

n2ize

02-28-2007, 09:07 AM

Quote[/b] (W2ILP @ Feb. 27 2007,20:03)]I believe that the stock-market fell because of the prophecies of Greenspan. He is retired and I wish he would keep his mouth shut. #He predicted that a recession was on the way...and it might become a self fulfilling prophecy because of him.

At any rate by the time of the next presidential election the Republicans won't be able to say that giving big tax cuts to the rich has helped the U.S. economy. # I though that Greenspan was rich...but maybe he didn't get a big enough tax cut to keep his mouth shut...I think.

It is a #good thing that I am not a stock trader...I'm just a stock holder of few shares..

w2ilp (Insider's Lousy Predictions)...can prick any bubble.
I doubt it. It was largely due to the instabilities of the Chinese market which took a tumble and sent out a global shockwave.

K9QJ

02-28-2007, 09:16 AM

I'm glad I have 67 tons of gold in my basement.

W5IEI

02-28-2007, 11:57 AM

As soon as the Democrats took over both huoses,I put all my money in money market accounts.

(not really) http://www.qrz.com/iB_html/non-cgi/emoticons/wink.gif

W3MIV

02-28-2007, 12:28 PM

Quote[/b] (n2ize @ Feb. 28 2007,04:07)]Quote[/b] (W2ILP @ Feb. 27 2007,20:03)]I believe that the stock-market fell because of the prophecies of Greenspan. He is retired and I wish he would keep his mouth shut. #He predicted that a recession was on the way...and it might become a self fulfilling prophecy because of him.

At any rate by the time of the next presidential election the Republicans won't be able to say that giving big tax cuts to the rich has helped the U.S. economy. # I though that Greenspan was rich...but maybe he didn't get a big enough tax cut to keep his mouth shut...I think.

It is a #good thing that I am not a stock trader...I'm just a stock holder of few shares..

w2ilp (Insider's Lousy Predictions)...can prick any bubble.
I doubt it. It was largely due to the instabilities of the Chinese market which took a tumble and sent out a global shockwave.
This is one of the few times I agree with ILP.

In this morning's WSJ there is an editorial worth reading.

Quote[/b] ]The bigger risks continue to be political and monetary. The era of tax cutting has ended with the arrival of the Democratic Congress, and other policy errors are possible. As for the Fed, we'd feel better if current Chairman Ben Bernanke had been running a tighter monetary policy for the last year; it might have left him with more policy room if the economy does turn sour. As it is, any easing now runs the risk of a dollar rout, which could lead to an even larger loss of confidence and selloff.

You may read the entire editorial here:

WSJ Editorial (http://www.opinionjournal.com/editorial/feature.html?id=110009722)

I think they are making a good point about the mortgage and credit markets.

k3roj

02-28-2007, 12:34 PM

They might as well move Wall Street to Israel since the people who control it are named Greenspan, Epstein and Wolfowitz.

W3MIV

02-28-2007, 12:44 PM

Quote[/b] (k3roj @ Feb. 28 2007,07:34)]They might as well move Wall Street to Israel since the people who control it are named Greenspan, Epstein and Wolfowitz.
Now, there's an enlightened and mature observation. Thank you. Do you have a party card?

KW4MW

02-28-2007, 12:48 PM

W2ILPQuote[/b] ]I believe that the stock-market fell because of the prophecies of Greenspan. He is retired and I wish he would keep his mouth shut. He predicted that a recession was on the way...and it might become a self fulfilling prophecy because of him.

Yep I got tired of his 'gloom and doom' prophecies when he was the big cheese. Now that he's retired I wish that he and Andrea Mitchell would just go to Hell away.

On another note - it seems that a couple of posters on here actually seem gleeful that the market tanked. In this day and age of lean and mean companies not providing pensions and many working folks putting as much money as they can into 401K s and other investment vehicles any loss of capital by those folks means that they either have to work longer before they retire or retire on less.

The last time I looked, neo-Cons, Liberals and a lot of other people in between were paying into 401K's.

KF0RT

02-28-2007, 01:02 PM

Quote[/b] (KW4MW @ Feb. 28 2007,05:48)]On another note - it seems that a couple of posters on here actually seem gleeful that the market tanked. In this day and age of lean and mean companies not providing pensions and many working folks putting as much money as they can into 401K s and other investment vehicles any loss of capital by those folks means that they either have to work longer before they retire or retire on less.

The last time I looked, neo-Cons, Liberals and a lot of other people in between were paying into 401K's.
Depends on where you are in the buying cycle. For those nearer retirement, a stock market slide is a bad thing (but if you're that close to retirement, you've probably protected yourself from it).

For those who are just starting out, a big drop in the market is a good thing because it means they're buying more shares for less money.

Anyone who is really hurt by this has taken on more risk than they can afford.

73, Rob

P.S. What on earth does any of this have to do with Neo-Cons, Liberals and the like?

KC2KFC

02-28-2007, 01:02 PM

Quote[/b] (n2ize @ Feb. 27 2007,14:43)]Quote[/b] (KC2KFC @ Feb. 27 2007,14:16)]Stocks are overpriced, we're due for a correction. The smart ones won't panic and start buying at some bargain prices.
Thats the best angle I've heard today. I think I'll announce it on Wall Street... "ATTENTION pay no attention to the dip...stocks are being corrected"
On the contrary everyone should pay attention to it. It's an opportunity for younger investers to add to their portfolios at lower prices. Sort of like a stock sale. If a stock is selling for $10 a share and you have $100 to invest then you can buy 10 shares. Now if the stock falls to $5 a share you can now buy 20 shares of that same stock. If it's a good solid company that pays a reasonable dividend and has a long term track record you've just made a smart move. Stock prices are not an indicator of a company's stock value. As always the market will bounce back. I look forward to market values going lower because I know I can add to my portfolio at a lower cost and in the long term will get a greater return.

KW4MW

02-28-2007, 01:12 PM

Quote[/b] ]P.S. What on earth does any of this have to do with Neo-Cons, Liberals and the like? That was my question too in respond to an earlier post!

n2nh

02-28-2007, 05:12 PM

Quote[/b] (KF0RT @ Feb. 28 2007,08:02)]P.S. What on earth does any of this have to do with Neo-Cons, Liberals and the like?
Ah, you must've missed all those posts about how the economy was doing wonderful now that DUBYA and the neo-klueless had the stock market going the right way.

Of course, now that there's a downslide, however small (or large) it may be, all that self-praise is oh-so-quickly forgotten and it's not a political issue. UH-Huh.

* We're So Darned Smart Aren't We? Uh-huh - forgetful too. * (http://www.qrz.com/ib-bin/ikonboard.cgi?act=ST;f=17;t=134022;hl=economy)

* Early Warning Signs? JULY, 2006 * (http://www.qrz.com/ib-bin/ikonboard.cgi?act=ST;f=17;t=128402;hl=economy)

I can't imagine anybody being gleeful that this market might tank. But, I can't imagine anybody not knowing this was overdue either. If you were surprised, maybe it'
s time to stick to the lottery.

This has the makings of another crash, like the Stockmarket Crash of 1987. Now... for 10 points, who was President at THAT time?? http://www.qrz.com/iB_html/non-cgi/emoticons/cool.gif

EDITED to add linkies to add facts to allegations. I wouldn't want anyone to say this is merely opinion. http://www.qrz.com/iB_html/non-cgi/emoticons/wink.gif

n0jaa

02-28-2007, 05:20 PM

Quote[/b] (n2ize @ Feb. 27 2007,17:02)]Seems the Dow has plunged 500 points today.
With a Dow Jones index over 12,000 points, I hardly think that 500 points (approximately 4% of the total index) counts as a nosedive. Granted a drop of 500 points about 20 years ago would have been a huge dip.

When increases/decreases start topping 10%, then I'll sit up and take notice.

KA9VQF

02-28-2007, 06:05 PM

Quote[/b] (KF0RT @ Feb. 28 2007,07:02)]{edited quote}

73, Rob

P.S. #What on earth does any of this have to do with Neo-Cons, Liberals and the like?

Gee Rob I thought you knew that neocons and libs are like soylent green, there people!

ka5s

02-28-2007, 06:11 PM

Quote[/b] (kg4kww @ Feb. 27 2007,19:31)]My OL has told me that I have to work till I'm 75.

Think bout it, that's a lot of coffins to plant.
That's because the women know retirement = "twice the husband and half the the money."

Cortland
KA5S

ab8ma

02-28-2007, 06:21 PM

Some quotes from our local paper:

Maybe it was Americans not buying washing machines.
"Why the market is vulnerable is not at all in the realm of analysis. It's more in the realm of psychology."
It's a burbling gumbo of financial factors
Nerves of Jell-O
Fish gotta swim, birds gotta sing and sometimes the stock market's gotta fall.

W5IEI

02-28-2007, 06:29 PM

Quote[/b] (n2nh @ Feb. 28 2007,10:12)]Quote[/b] (KF0RT @ Feb. 28 2007,08:02)]P.S. What on earth does any of this have to do with Neo-Cons, Liberals and the like?
Ah, you must've missed all those posts about how the economy was doing wonderful now that DUBYA and the neo-klueless had the stock market going the right way.

Of course, now that there's a downslide, however small (or large) it may be, all that self-praise is oh-so-quickly forgotten and it's not a political issue. UH-Huh.

* We're So Darned Smart Aren't We? Uh-huh - forgetful too. * (http://www.qrz.com/ib-bin/ikonboard.cgi?act=ST;f=17;t=134022;hl=economy)

* Early Warning Signs? JULY, 2006 * (http://www.qrz.com/ib-bin/ikonboard.cgi?act=ST;f=17;t=128402;hl=economy)

I can't imagine anybody being gleeful that this market might tank. But, I can't imagine anybody not knowing this was overdue either. If you were surprised, maybe it'
s time to stick to the lottery.

This has the makings of another crash, like the Stockmarket Crash of 1987. Now... for 10 points, who was President at THAT time?? http://www.qrz.com/iB_html/non-cgi/emoticons/cool.gif

EDITED to add linkies to add facts to allegations. I wouldn't want anyone to say this is merely opinion. http://www.qrz.com/iB_html/non-cgi/emoticons/wink.gif
Seems better today doesn't it?

I like pullbacks as much as I like any other sale.

ab8ma

02-28-2007, 06:47 PM

Quote[/b] (n0jaa @ Feb. 28 2007,17:20)]Granted a drop of 500 points about 20 years ago would have been a huge dip.
If you remember, it was. Wasn't it August, 1987?

edit: The largest one-day percentage drop since 1914 occurred on "Black Monday", October 19, 1987, when the average fell 22.6%.

edit again: The largest one-day percentage gain since 1932, 10.15%, occurred two days later on Wednesday, October 21, bringing the Dow back above 2,000 and in line for a yearly gain.

KC2KFC

02-28-2007, 07:00 PM

Quote[/b] (n2nh @ Feb. 28 2007,10:12)]This has the makings of another crash, like the Stockmarket Crash of 1987.
What indicators make you think that?

KC2KFC

02-28-2007, 07:16 PM

Quote[/b] (ab8ma @ Feb. 28 2007,11:47)]Quote[/b] (n0jaa @ Feb. 28 2007,17:20)]Granted a drop of 500 points about 20 years ago would have been a huge dip.
If you remember, it was. Wasn't it August, 1987?

edit: The largest one-day percentage drop since 1914 occurred on "Black Monday", October 19, 1987, when the average fell 22.6%.

edit again: The largest one-day percentage gain since 1932, 10.15%, occurred two days later on Wednesday, October 21, bringing the Dow back above 2,000 and in line for a yearly gain.
Ronald Reagan. No way, it couldn't have happened on his watch. Totally impossible. Under Reagan we had the worst economy ever. Oh wait I'm wrong, right now we have the worst economy ever. http://www.qrz.com/iB_html/non-cgi/emoticons/laugh.gif

W4HAY

02-28-2007, 08:46 PM

BUYING OPPORTUNITY! Just like in '87!

n0jaa

02-28-2007, 09:09 PM

Quote[/b] (ab8ma @ Feb. 28 2007,14:47)]Quote[/b] (n0jaa @ Feb. 28 2007,17:20)]Granted a drop of 500 points about 20 years ago would have been a huge dip.
If you remember, it was. Wasn't it August, 1987?

edit: The largest one-day percentage drop since 1914 occurred on "Black Monday", October 19, 1987, when the average fell 22.6%.

edit again: The largest one-day percentage gain since 1932, 10.15%, occurred two days later on Wednesday, October 21, bringing the Dow back above 2,000 and in line for a yearly gain.
Someone else said it was October, but yes, it was about 20 years ago. #The drop was 587 points, wasn't it? #Oh, yes, YOU said it was October. #Guess I should read the post, huh? #[bonking self with sledgehammer]

1987 was also the year that Michael J. Fox was entertaining us with "The Secret of My Succe$s," and we were still dealing with echos of "Trading Places."

Those happen to be two of my favorite movies, BTW.

G0GQK

02-28-2007, 09:17 PM

What started the run was the concern in Shanghai that the Chinese economy is running out of steam. The boys in the stock exchanges do this every now and again and they call it nervous tension and it spreads like the 'flu. It probably starts when somebody wants to buy some stock a bit cheaper and the house of cards collapses.

G0GQK

W3MIV

02-28-2007, 09:26 PM

Quote[/b] (G0GQK @ Feb. 28 2007,16:17)]What started the run was the concern in Shanghai that the Chinese economy is running out of steam. The boys in the stock exchanges do this every now and again and they call it nervous tension and it spreads like the 'flu. It probably starts when somebody wants to buy some stock a bit cheaper and the house of cards collapses.

G0GQK
That's very astute, and it fits the Shanghai model very well. The right whisper in the proper ear can make millions.

ab8ma

03-01-2007, 01:21 AM

Quote[/b] (n0jaa @ Feb. 28 2007,21:09)]Quote[/b] (ab8ma @ Feb. 28 2007,14:47)]Quote[/b] (n0jaa @ Feb. 28 2007,17:20)]Granted a drop of 500 points about 20 years ago would have been a huge dip.
If you remember, it was. Wasn't it August, 1987?

edit: The largest one-day percentage drop since 1914 occurred on "Black Monday", October 19, 1987, when the average fell 22.6%.

edit again: The largest one-day percentage gain since 1932, 10.15%, occurred two days later on Wednesday, October 21, bringing the Dow back above 2,000 and in line for a yearly gain.
Someone else said it was October, but yes, it was about 20 years ago. #The drop was 587 points, wasn't it? #Oh, yes, YOU said it was October. #Guess I should read the post, huh? #[bonking self with sledgehammer]

1987 was also the year that Michael J. Fox was entertaining us with "The Secret of My Succe$s," and we were still dealing with echos of "Trading Places."

Those happen to be two of my favorite movies, BTW.
I remember hearing a manager at Ford joke that he had lost a half million on paper that day. He actually was smiling. Us youngsters were sitting feeling absolutely devistated with our losses.

The tendency after such a downfall is to sell. But that is just how others get rich.

The market wants to take the maximum number of investors to the top, and the minimum number to the bottom.

n2nh

03-01-2007, 03:11 AM

Quote[/b] (KC2KFC @ Feb. 28 2007,14:00)]Quote[/b] (n2nh @ Feb. 28 2007,10:12)]This has the makings of another crash, like the Stockmarket Crash of 1987.
What indicators make you think that?
Housing. I worked in Real Estate back then. It was really bad. But from what I'm hearing, it was that bad months ago.

Not a good sign. If you're a millionaire based on what your house has been appraised at, don't get used to it. The only remnant of those 'riches' that will be left will be the assessed value that you'll still be taxed at.

KC2KFC

03-01-2007, 04:05 PM

Quote[/b] (n2ize @ Feb. 28 2007,02:07)]Quote[/b] (W2ILP @ Feb. 27 2007,20:03)]I believe that the stock-market fell because of the prophecies of Greenspan. He is retired and I wish he would keep his mouth shut. He predicted that a recession was on the way...and it might become a self fulfilling prophecy because of him.

At any rate by the time of the next presidential election the Republicans won't be able to say that giving big tax cuts to the rich has helped the U.S. economy. I though that Greenspan was rich...but maybe he didn't get a big enough tax cut to keep his mouth shut...I think.

It is a good thing that I am not a stock trader...I'm just a stock holder of few shares..

w2ilp (Insider's Lousy Predictions)...can prick any bubble.
I doubt it. It was largely due to the instabilities of the Chinese market which took a tumble and sent out a global shockwave.
Interesting Link (http://www.bloomberg.com/apps/news?pid=20670001&refer=worldwide&sid=adHw6ufJ84ao)
Quote[/b] ] Greenspan's comments may be an attempt to clarify remarks he made on Feb. 26 that some traders say contributed to a global plunge in stocks the following day. He told an audience in Hong Kong three days ago that he couldn't rule out a recession this year in part because slowing growth in profit margins suggests the expansion might be winding down, the Associated Press reported.

KC2KFC

03-01-2007, 04:19 PM

Quote[/b] (n2nh @ Feb. 28 2007,20:11)]Quote[/b] (KC2KFC @ Feb. 28 2007,14:00)]Quote[/b] (n2nh @ Feb. 28 2007,10:12)]This has the makings of another crash, like the Stockmarket Crash of 1987.
What indicators make you think that?
Housing. I worked in Real Estate back then. It was really bad. But from what I'm hearing, it was that bad months ago.

Not a good sign. If you're a millionaire based on what your house has been appraised at, don't get used to it. The only remnant of those 'riches' that will be left will be the assessed value that you'll still be taxed at.
I think much of the housing starts are dependent on interest rates and what the Federal Reserve does with them. It has had an impact with my company which is a plumbing and heating wholesale distributor. Our sales are slightly up from last year, but nothing to write home about. We'll see what Bernanke does with them this year.

I personally don't mind stocks prices falling because I'm still relatively young and I don't "play" the market. I'm into investing not speculating. To me this brings some prices down, but that doesn't mean the value of a good stock goes down. An excellent book to read about it is "The Intelligent Investor" by Benjamin Graham. Warren Buffet calls it the bible for investing. I follow many of the guidelines laid down by Graham years ago and so far they've worked very well for me.

n2nh

03-06-2007, 02:13 AM

Quote[/b] (W5IEI @ Feb. 28 2007,13:29)]Quote[/b] (n2nh @ Feb. 28 2007,10:12)]Quote[/b] (KF0RT @ Feb. 28 2007,08:02)]P.S. What on earth does any of this have to do with Neo-Cons, Liberals and the like?
Ah, you must've missed all those posts about how the economy was doing wonderful now that DUBYA and the neo-klueless had the stock market going the right way.

Of course, now that there's a downslide, however small (or large) it may be, all that self-praise is oh-so-quickly forgotten and it's not a political issue. UH-Huh.

* We're So Darned Smart Aren't We? Uh-huh - forgetful too. * (http://www.qrz.com/ib-bin/ikonboard.cgi?act=ST;f=17;t=134022;hl=economy)

* Early Warning Signs? JULY, 2006 * (http://www.qrz.com/ib-bin/ikonboard.cgi?act=ST;f=17;t=128402;hl=economy)

I can't imagine anybody being gleeful that this market might tank. But, I can't imagine anybody not knowing this was overdue either. If you were surprised, maybe it'
s time to stick to the lottery.

This has the makings of another crash, like the Stockmarket Crash of 1987. Now... for 10 points, who was President at THAT time?? http://www.qrz.com/iB_html/non-cgi/emoticons/cool.gif

EDITED to add linkies to add facts to allegations. I wouldn't want anyone to say this is merely opinion. http://www.qrz.com/iB_html/non-cgi/emoticons/wink.gif
Seems better today doesn't it?

I like pullbacks as much as I like any other sale.
Yep and not so hot last week and today.

* Lower and Lower Linkee * (http://www.washingtonpost.com/wp-dyn/content/article/2007/03/05/AR2007030500143.html?nav=rss_email/components)

wa4brl

03-06-2007, 04:56 AM

Quote[/b] (KC2KFC @ Feb. 28 2007,08:02)]Quote[/b] (n2ize @ Feb. 27 2007,14:43)]Quote[/b] (KC2KFC @ Feb. 27 2007,14:16)]Stocks are overpriced, we're due for a correction. The smart ones won't panic and start buying at some bargain prices.
Thats the best angle I've heard today. #I think I'll announce it on Wall Street... "ATTENTION pay no attention to the dip...stocks are being corrected"
On the contrary everyone should pay attention to it. It's an opportunity for younger investers to add to their portfolios at lower prices. Sort of like a stock sale. If a stock is selling for $10 a share and you have $100 to invest then you can buy 10 shares. Now if the stock falls to $5 a share you can now buy 20 shares of that same stock. If it's a good solid company that pays a reasonable dividend and has a long term track record you've just made a smart move. Stock prices are not an indicator of a company's stock value. As always the market will bounce back. I look forward to market values going lower because I know I can add to my portfolio at a lower cost and in the long term will get a greater return.
You gotta remember: #EVERY time someone panics and sells out, there is someone there to buy him out. #EVERY TIME! #If not, just who would the panicy sell to? #Remember the age-old creedo: buy low, sell high. #Those with no nerve do the opposite. #The wise lie in wait for the panic -- and BUY. #

How do you think they buy low?

It's all about balance.

kg6amw

03-07-2007, 03:53 PM

Quote[/b] (n2nh @ Feb. 28 2007,10:12)]Quote[/b] (KF0RT @ Feb. 28 2007,08:02)]P.S. #What on earth does any of this have to do with Neo-Cons, Liberals and the like?
Ah, you must've missed all those posts about how the economy was doing wonderful now that DUBYA and the neo-klueless had the stock market going the right way. #

Of course, now that there's a downslide, however small (or large) it may be, all that self-praise is oh-so-quickly forgotten and it's not a political issue. #UH-Huh. #

* We're So Darned Smart Aren't We? #Uh-huh - forgetful too. * (http://www.qrz.com/ib-bin/ikonboard.cgi?act=ST;f=17;t=134022;hl=economy)

* Early Warning Signs? JULY, 2006 * (http://www.qrz.com/ib-bin/ikonboard.cgi?act=ST;f=17;t=128402;hl=economy)

I can't imagine anybody being gleeful that this market might tank. #But, I can't imagine anybody not knowing this was overdue either. #If you were surprised, maybe it'
s time to stick to the lottery.

This has the makings of another crash, like the Stockmarket Crash of 1987. #Now... for 10 points, who was President at THAT time?? # http://www.qrz.com/iB_html/non-cgi/emoticons/cool.gif

EDITED to add linkies to add facts to allegations. #I wouldn't want anyone to say this is merely opinion. #http://www.qrz.com/iB_html/non-cgi/emoticons/wink.gif
Baggage, what baggage?

WB8MKV

03-07-2007, 08:04 PM

If it gets any worse, I may have to jump out of my basement window.......

kr2d

03-07-2007, 09:42 PM

Quote[/b] (wa4brl @ Mar. 05 2007,23:56)]Remember the age-old creedo: buy low, sell high. Those with no nerve do the opposite. The wise lie in wait for the panic -- and BUY.
Another creedo that is just as valid: sell high, buy low. The wise investors who are buying after the panic are covering their short positions. They sold short to the not-so-wise ones who were buying because "stocks were on sale".

One can make money no matter which way the market moves. All you have to do is predict which way it will move http://www.qrz.com/iB_html/non-cgi/emoticons/tounge.gif

K3XR

03-09-2007, 02:47 PM

Quote[/b] (n2nh @ Feb. 27 2007,14:14)]I sorta noticed. #I wonder where all those KKKons are that were patting each other over the back saying the economy was doing great when it was in "record" turf??
I know LIBS, it's the worst economy since the Great Depression.

http://news.yahoo.com/s....Phv24cA (http://news.yahoo.com/s/ap/20070308/ap_on_bi_go_ec_fi/fed_household_finances_1&printer=1;_ylt=AiMnRf_WMygl_nhY5kohtPhv24cA)

http://apnews.myway.com/article/20070309/D8NOD2R00.html