Slog

Bad link.

we'll all be crying soon.

Link worked for me...man, poor woman. I think it's a woman.

500 points is nothing. The Dow dropped 500 points in October 1987, which at the time was a 20% drop.

However, it is no coincidence that the idiot "free-market" Republicans that have refused to conduct any meaningful oversight of Wall Street are responsible for the debacle in the financial markets.

Pretty soon, even rich people are going to figure out that they are better off with Democrats in charge. How difficult can it be to compare 8 years under Clinton with 8 years under Bush??

Thanks to drudge for trying to make a big deal out of a correction. What the fuck does he want? Another government bailout?

We should just buy all the companies in America and let Pelosi run them.

So this what McSame means by the economy is in great shape.

um -- Mr. Poe @5? have *you* been the source of all the right wing trolling (not mention ecce homo) all this time? wow

@7, Mr. Poe is not now, nor has he ever been, a troll. Please make a note of it.

I'm not John Bailo, if that's what you're asking. But yes. Some of them are mine. It's called "fun," and I'm having it.

@9 ah ha ha ha, I feel stupid for not catching on before now. sorry for pointing out what I guess what obvious to the other two (three) slog posters

as you were

Direct image link:

http://i2.cdn.turner.com/money/2008/09/15/markets/markets_newyork2/market_trader_lehman.ap.03.jpg

You should feel sorry.

@4: tying mccain to this debacle in the minds of low-or-no-information voters (the only remaining undecideds) is nigh on impossible. too complex. sarah too pretty.

I still contend, even more strongly after closely watching the market and the media coverage today, that the market is being purposefully manipulated right now. The timing of announcements, the language of the headlines and articles. The question is, why? What outcome is this ship being steered toward?

One hand, democratic backers playing out an "our country is fucked" scenario to guarantee Obama's win. Once Obama is in office the markets correct to validate his election. (Jimmy Carter...hostages...)

Other hand, republican backers purposefully driving the markets at the moment with a recovery and "good news" slant waiting in the wings closer to election time so the last image in voters minds before the election is that the republicans "fixed" the financial crisis.

i'm glad i took all of my money out of the stock market and into my wamu free checking account.

jk's i don't have any money :~(

@16

That's because you're liberal and fiscally retarded.

@15 & @16: ZOMGLOL

Correction? This wipes out what few gains remain from the entire Bush administration. For a guy who's supposedly saving the investor class from disaster, Bush isn't really rocking the house with that annual 0% return. You'd get a better rate in a passbook account. Pathetic.

But then, counter to what you might expect, the stock market under Democrats ALWAYS performs better than under Republicans.

Well, one political angle on this that might matter to older voters especially: McCain supports "private accounts" for diverting, whoops I mean "investing" public Social Security funds into the stock market. Not only did he support it when Bush tried to push it through the first time, but it's part of his current plan to "reform" Social Security.

So somebody might ask what would've happened to everybody's retirement plans if the GOP had gotten their way and those people had all invested their money in the very same hedge funds that we are now finding are made of thin air.

Obviously "low information" voters won't care about this -- they are too busy scratching their crotch with an empty Cheetos bag to follow such logic. But some older voters on fixed incomes and soon-to-be-retired baby boomers might care.

@19

I thought it was obvious I simply forgot to change my handle. Please don't take me seriously.

Just crying? Weak. Show me people jumping out of tall buildings.

See, this is what happens when you have too much government red-tape and nanny state over-regulation.

COUNTRY FIRST!!!

I am disappointed. That person might be crying or might just be rubbing her temples out of stress. I would like to see an actual crying person, please.

BORING!! Call me when it falls 5000 points in a day. Until then, cover some real news, like some of the human interest shit that the PI or the Times or King 5 will cover. Perhaps, a lady in town who is struggling with a yeast infection but with the help of her neighbors in Montlake she overcame the infection and learned a little more about herself.

SKF FTW!

#25

Yeast - hell - hot news is a new strain of jock itch.

Perilous, needing hands on therapy, Poe to the rescue!!!

Sad for most people. Of course, if you sold financials short, were short on calls, and long on puts, shorts, and ultrashorts, you made a damn fortune today.

Fucked up, no?

@14

Of course the market's being manipulated.

That's what a market IS.

Gitai, it pays to pay attention. And fortune isn't quite the right word depending on initial investment; even if you had shorted Lehman all the way to the bottom, you'd only have almost doubled your money.

oh please GK, cynical much? I suggest everyone take a microecon class to understand what "markets" are

Wow, I wish I had some dollars to invest right about now.

Since I had a lot in Nintendo and P&G, which are both way up, it's a buying opportunity.

But for 99 percent of America, your debt level per person has just DOUBLED, thanks to Bush/McCain.