Wonkette
- WHOOPS: Dow down 449 for the day (-4.06%). NASDAQ down 109 (-4.94%). S&P 500 down 57.20 (-4.71%). The S&P is now down 26% from its peak of 1,565 in October. [Marketwatch]
BLOODBATH
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Is it raining stock brokers on Wall Street yet? I need to know whether to bring an umbrella.
To all Free Market Ideologues:
How’s that trickle down economics working for you today?
It just has to be Clinton’s fault!
But… but… but that’s impossible… I mean over the past 8 years we’ve been enjoying the competent stewardship of America’s first CEO President! This was supposed to happen under Democratic stewardship of the economy, not the GOP!
I’m starting the “Under-my-Matress Bank”. If you send me cash (notes only, please), I promise to keep it safe underneath my matress. I’m not FDIC insured, but that just makes it a lot more patriotic to bank with me. Anyone interested?
To all my family, friends and acquaintances who have mocked me for refusing to put my money in the stock market: eat me, losers.
Dow Jones on Jan 23, 2001 - 10,649.
Today 10,609.
Does this mean the last 8 years never happened? If so, why do I feel so dirty?
Yeah, the fundamentals of the economy are strong, right? How can this be true? Must be elitist, Palin-bashing bias by the mainstream media.
Cogito Ergo Bibo: Most windows are fixed now. If you hear the tinkle of broken glass, run. First to come down, someones Aeron chair, then (hopefully) Dick Fuld.
Hahaha. The Freegan website was suspended due to a billing issue. That’s… special.
It was all going so well until the Democrats seized power.
iwillsavethispatient:
As long as you promise there will be no new stains on the money, I’ll invest.
tonashideska: Yay! Free Aeron chairs! Okay, well, what’s left of them. My ass could use a comfy new home.
Look at the good news: the Dow was down 4% today but since it lost over 4% on Monday, then this 4% is less than that 4%.
The fundamentals are sound and things are getting better. Just do the math.
Noodle Salad:
You’re feeling the 40 TRILLION or so in Derivative backed securities that were added between 2002 and 2008.
Fuck YEAH! Who needs an IRA, TSA, or other stock market based retirement plan plan when you have SOCIAL SECURi…. OH FUCK, that’s almost gone TOO!!
Well, I can always get the equity out of my house…. OH SHIT! That’s gone too!!!!!
Well, I can always keep workin.. what, the plant closed down…
OK, we really ARE fucked!
Thanks Phil Gramm! Love those de-regulations! But, I guess I just whine too much…. Time for a Bud…. AH, now I see Johnny-Macs econ plan… fuck up the entire country so everyone starts drinking beer while she corners the market….
ManchuCandidate: Only Platinum account holders get that privilege. Standard (or “Gold”) members just have to run the risk, or supply their own zip-lock bags.
azw88: Just pray to JAY-sus. He will fix everything.
http://www.youtube.com/watch?v=D5-TpSm1HDE
Serolf Divad: And he came so damn close to dumping this on another president’s doorstep. Can I hear a hearty,”Fuck YOU, DUBYA!” from everyone now?
Oh, and here’s Lobotomy Perino reassuring investors who are nervous about whether the Bush administration is really in touch with the latest crisis:
“It’s not clear-cut, in terms of all the — is it all positive, is it all negative,” Perino told reporters at the daily press briefing. “There’s a mixed picture. But we do have the strength to be able to deal with it.”
http://www.washingtonpost.com/wp-dyn/content/article/2008/09/17/AR2008091700707.html?hpid=topnews
Feeling better yet?
donner_froh: Yes, the fundamentals are sound. There will always be Bud Lite cans to collect in the hobo jungles, double coupons for Chips-Ahoy cookies, and things to buy at the WalMart (there’s a sale on Chinese baby formula, so stock up). http://o.aolcdn.com/dims-news/dims/NEWS/1/430/394/60/http://o.aolcdn.com/photo-hub/news_gallery/5/7/575921/1221648584585.JPEG
Ken Layne: More cowbell!
Serolf Divad:
Welcome to United States of Arbusto
ManchuCandidate: Trickle Down Economics = Eat the crumbs under my table if you’re hungry
Ken Layne: Holy shit! That’s like Devo finally did too much blow and went the Born Again route.
SayItWithWookies: Dana needs to be ass-fucked repeatedly with a hardback copy of 1984, imo.
Ken Layne: That is a whole new caliber of stupid. Thanks for brightening my day- for a minute I stopped thinking about how to hunt and prepare stray cats when the grocery stores are all plundered.
I don’t know what to think about any of this until I read the Ron Paul Forums or the Wikipedia.
Gopherit v2.0: I thought the same thing but more like Eric Estrada.
grendel: For years people have been misreading that phrase. It’s Trickery Economics. T-r-i-c-k-e-r-y. America First!
S.Luggo: That’s the saddest fucking thing i’ve ever seen. Let the woman have her fix. Please.
In light of our new economy, here are a few links that may come in handy over the coming months:
Some nice Road Kill Recipes.
How to make your own bindle
A little hobo history
And finally, the fundamentals of Hobo-dom
magic titty: As soon as the prices of Oxy and X stabilize. Futures are through the roof.
azw88: Yeah, but… she sold bud to some European beer company… Now what?
I love the smell of capitalism in the morning.
Where is Molly Ivins when you really, really need her?
My new theory, after talking to ex-BIL who was in a Xtian cult and is now a free market conservative thinker, and he is a working blue collar dude………The Xtian fundies were able to align with the right wing because both groups have an unlimited capacity to believe bullshit, are always subject to con artists disguised by an ideology, and do not want white men to give up any power.
The smart conservatives, like Wick Allison, are supporting Obama.
disgustedcitizen: Anhi-Busch was sold to an overseas conglomerate and she will reap millions in stocks, but she is still selling the beer.
She is just like any street corner drug pusher. Doesn’t care where the shit comes from, how toxic it is (and any beer sold in cans and all light beers are toxic IMHO), or who is buying it. As long as she gets the $$$, why fuckin care who goes down!!
Tawmn: She died
ugg. Well the good news is I stocked up on a LOT of drugs last week.
Ken Layne: So that’s what happened to Ska…
NotLaughing: Financial napalm.
http://www.youtube.com/watch?v=TKYALsp-sIg
I’m the world’s forgotten boy…
Shit, I have to go to Sleep R Us to get a bigger mattress in to which to stuff my money. Shouldn’t take more than a twin. By tomorrow, a cot will probably do.
azw88: Don’t you get it–when we privatize social security, we’ll all be rich. Hell, we’re already almost there, now that we own 80% of AIG. Of course, zero times .8 equals…
So… our tax dollars just bailed out an insurance company, but 1/7th of the country still doesn’t have insurance coverage? And those dumb shits over at the Jesus party still want to cut taxes? While bailing out corporations with our taxes? We fail at pseudo-socialized everything.