How many of you are SCHOCKED to see the DOW and NASDAQ trade at these levels?

Billy Cunningham: How many of you are SCHOCKED to see the DOW and NASDAQ trade at these levels?
I never thought it would get this bad unless one of the big three closed.

Just imagine if that happened???

Answers and Views:

Answer by The Real Thing
Are you kidding?
You ain’t seen nuthin yet. Just imagine when Obama gets ANOTHER Trillion $ spending bill.

Answer by Shannon
Just wait….Obama is still in office…they’re not done yet. They have NO confidence in him and it’s showing.

Answer by eyeofra1969
Everytime Obama opens his mouth it drops. He needs to shut up.

Answer by BA
With Obama as president, I’m not shocked at all.

Answer by I dont trust the government
When social security tanks…kiss your ass goodbye!

Answer by enter name here
Actually, I am thinking about starting my 401K now… Think about it… I should be livin’ large at 90….

John V: I try.

Answer by John V
I am not shocked. Quite frankly, I feel that the US has not produced many goods that people need for a while now. Coupled with the collapse of the credit markets, I expected it might have taken a huge dip. Although it is low, it is not as low as it could go, or maybe, as you point out, it will go. I hope I am smart enough to vest wisely when the new markets emerge from this.

Edit: To the person above me, I am glad someone is paying attention to the opportunities…lol

Answer by liberalssuckass3
i said over a month ago we’d see it below 7000 by march, and at or below 5500 by summer’s end. not suprised in the least

Answer by madmaud
It will get much worse.
The more they spend the worse it will get. Obama just signed 670,000,000,000. for Health care Above his big Stimulation.

Answer by Gangsta’$ 4 OBAMA
No not me,,,when telling the lobbyist NO! that’s what happens.

Answer by zaza
I just heard that experts expect the DOW to lose 500 points today and be at 5000 or under within weeks. No, I never expected it to get this bad. Never.

Answer by tim6298
Its funny that AIG gets another bailout, there stock is UP yet the market is down as a whole. Obama has no clue what he is doing in terms of the economy.

Answer by aged sailor
No been warning you all for past 2 months at least . it will get worse yet .
THe stimuli are only slowing the inevitable, and more stimuli will only slow it more .
The markets must find the true value of assets,before they can rise again .

Gold and oil still look good if you buy on the rise not on the fall only the short buyers can make it the other way.

Answer by azred_tx
With all the artificial value that was being pumped into the market over the last few years and the mind-boggling amounts of money being thrown at large corporations instead of actual people, the only shocking thing is that the stock averages haven’t sunk to this level already. What took them so long?

For those of you can can start 401(k)s or put money into mutual funds, now is the time to do so. The markets will sink further in the short term but will start to rise at some point and then you will see your investment begin to grow rapidly.

Answer by troopshomebyxmas
I am – I was hoping it wouldn’t happen but it seems clear that the business community and individual investors have lost faith in Obama because of his excessive spending, his march to socialism and his willingness to nationalize industries. The old saying was “you can’t fight the Fed” but it related to the Fed’s influence on interest rates. I guess now it means the entire economy. Who wants to invest, expand, innovate, or work hard in this environment.

Answer by VegasYooper
The Dow is going to go below 5000 before it’s all over with. Or maybe even lower. Our financial instruments that we sell to other governments so we can keep on deficit spending ourselves into hell will soon be utterly worthless, and no one, not even China will buy them. Hell, it’s happening already. China is buying gold instead of American debt. I shudder to think what it in store for us.

Answer by rotorhead
Shocked?

Wait until it hits 5,000.

Answer by ace
We were all warned about Obama’s inexperience. Some said Palin actually had balanced a budget and made key decisions even more than Obama. Well now, we see Obama does not know what in the heck he is doing..