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Dow industrials down 800 points; crude closes below $90 for first time since February

I think being funny about our chinese overlords...joke's over...now, it's closer to reality...

Mon, 06 Oct 2008 21:31:45 +0000

Is that good or bad?

Chieh Cheng
Mon, 06 Oct 2008 22:58:36 +0000

Check your 401k balance and you'll see.

Mon, 06 Oct 2008 23:06:41 +0000

I have none . . . j/k.
So crude down to $90 is bad too??

Chieh Cheng
Mon, 06 Oct 2008 23:12:03 +0000

I will leave that to our resident economist....

but since oil is a foreign dependence for us, i guess crude coming down is not so bad.

Mon, 06 Oct 2008 23:17:11 +0000

crude coming down is great. but too fast is not good. people across the economic spectrum will slow buying until price stabilizes. raw material, finished goods...why buy now when it maybe cheaper in a month or two, right?

gasoline not so much since we buy it every day. it will ease shortage in the south. we'll see cheaper prices over time provide demand continues to drop. and it may with the economy in bad shape.

having said that, folks are saying we'll bottom out early next year. this many turn crude and stock around again. who knows. here's what so good for us...people buying necessities...

another thing about crude dropping. it'll really hurt Russia, OPEC, and ultimately, radical agendas across the world.

Mon, 06 Oct 2008 23:30:59 +0000

looking forward..Osama leads McCain by 8 points. Biggest lead by the Dem guy.

Wed, 08 Oct 2008 16:40:36 +0000

i don't like that underhand comment... i know you can tell them apart.

Wed, 08 Oct 2008 17:00:59 +0000

dave.. you're an obama supporter?

Wed, 08 Oct 2008 19:49:25 +0000

OH...my bad...

Thu, 09 Oct 2008 17:34:18 +0000

Rooting for the Democrats since 1984.

Thu, 09 Oct 2008 17:42:12 +0000

So do you guys agree or disagree with the 700 billion bail out bill that got passed?

Chieh Cheng
Thu, 09 Oct 2008 18:41:17 +0000

wait... it passed? did i miss the 2nd attempt?

i gritting my teeth agree. i don't like the fact that us, the taxpayers, have to pay for all of this crap while those who got fat and wealthy off of it are clean and clear and sitting pretty still. but at the same time, if the gov doesn't do something like this, banks won't/can't lend, people can't borrow, money will start drying up from the standstill and the economy will be in flushed down the toilet instead of just floating in the bowl as it is now. that being said, i'm not sure about the bailout as much as the buying of risky/bad loans is better. i also hate to see the retards to put themselves in this (near)foreclosure situation get help when the rest of us less stupid and responsible people have to continue to struggle through.

Thu, 09 Oct 2008 19:50:28 +0000

you should find out who they got to run the bail-out program...

on another matter...

http://newteevee.com/2008/10/06/obama-puts-keating-economics . . .

Thu, 09 Oct 2008 21:57:34 +0000

http://news.yahoo.com/s/ap/20081006/ap_on_go_co/meltdown_leh . . .

Thu, 09 Oct 2008 21:59:42 +0000

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