U.S. Stocks Slide in Dow Average’s Worst Inauguration Day Drop

BMT (RIP) · 01-20-2009, 18:05

http://www.bloomberg.com/apps/news?p...efer=worldwide

How in the world could this happen on the MM's first day in office??

BMT

nmap · 01-20-2009, 18:28

Quote:

Originally Posted by BMT

How in the world could this happen on the MM's first day in office??

BMT

The British bank sector had a meltdown on Monday. The Royal Bank of Scotland was a big part of it.

So I guess Gordon Brown won't be asked to visit the White House anytime soon.

BMT (RIP) · 01-20-2009, 18:40

Worst Inauguration Day Drop in HISTORY

The DIMS can't be using the old standby "the worst in 50 years"

The monkey is now on their back!!

BMT

**Pete** · 01-20-2009, 19:16

Quote:

Originally Posted by BMT

...The monkey is now on their back!!.....

Nope, the willing press will be saying "Bush's Fault" for the next 4 years.

Remember after 9-11? Even though AlGore delayed the transition by a full month so Bush was playing catch-up after he took the oath in Jan the press laid everything at his feet after 911 - he should have known and fixed everything.

He should have fired every Clinton appointee but to "be nice" kept a bunch around. Wrong move - he got the blame anyway. He was the Pres and it happened on his watch so the buck did stop with him but......

Anyway - the Buck ain't going to stop on BHO's desk if the MSM can help it. They have started work on his reelection.

Pete

Bad Times investment plan is now down 18%. If it goes down again on Wednesday I'll have to by a few more shares.

nmap · 01-20-2009, 20:27

Quote:

Originally Posted by Pete

Bad Times investment plan is now down 18%. If it goes down again on Wednesday I'll have to by a few more shares.

Sir...with all due respect...Dow Theory Letters suggests that a Dow Industrials close below 7552.29 (the old lows) will indicate a further move lower. Perhaps quite a lot lower. In my opinion, this Bear has some big teeth.