Stock market plunges as bad news mounts

But the cable news financial wizards are telling their well-heeled peer group to buy buy buy!! Do they know half the country is trying to make a dinner decision - peanut butter or pasta, depending on whether they can afford the utility bill if they turn on the stove?

There was a lot of recession talk today which ran square into some overly optimistic views on cyclical sectors of the economy. Yesterday there was a lot of focus on the increased likelihood of a Fed rate cut. The economy is slowing which should be no surprise nor should weak results for banks or housing and no one should be surprised that Warren Buffett isn't excited about housing stocks at the moment. But Warren Buffett's comments popped some balloons of those who were saying it is time to buy the home builders. Those who argued that companies like CAT wouldn't be affected much by the slowing also were shown to be off base. And the situation with Iran and also with Turkey also threaten the market. Some of the companies like tobaccos, utilities and health care may benefit even if we have a slowdown though. Today, almost everything was hit.

There is no surer way or method to stop the stupid Iraq war than to unload all your stocks, mutual funds. Keoghs and bring the stupid stock market to a screeching halt. Our government will get broke in a split second. We will pull out troops tomorrow! then we will start over again as usual..

For your Keoghs or 401K accounts , just direct your account executive to reallocate all the investments to money market or CDs. Unload all your stocks and park it into swept money markets. If your broker dont offer sweep money market service that pay interest, close that damn broker out and move to other broker that has sweep money market where you can park your stock sale money in and keep on earnging interest. Some brokers are real scums for keeping your cash and not paying a dime in interest to your cash. So Black Monday or none, sell all and stop the stupid Iraq war. Bush is probably too paralyzed to stop himself. Do him a little favor by stopping the money flow out of stock market and to the contractor's pockets in Iraq!!!

This is just another one of those typically manipulated market ploys that the Wall Street Ponzi Scheme boys have been playing for years.

The market goes up 200 points and whooppeee! The market goes down 200 points and whooppeee? Same difference. The fat cats who are shovellilng money into accounts that are taxed at captial gains rates instead of ordinary income are the ones really cleaning up behind everyone else's backs. They see this market as a quick means to grab short-term gains and sell-offs while their SEC unregulated insider trading transactions allow them to sell short whenever they decide the time for the sell trigger is right -- only for themselves, not for the small time chumps.

Look for the market to go back up by a few hundred points next week as the quick sales artists grab up the "bargain" stocks. In the meantime, don't expect the SEC to feel sorry for you.

After all, they're in this game too, right up to their ears because they, unlike the ordinary investor, know that if things get tight, good ol' Feeding Chairman, Ben Bernanke, will show up with $20 billion or $30 billion more free money to bail out their I.O.U.s

Yeah, well... you can still make a lot of money when the stock market crashes. There's a review site for Nik Halik stock market strategies at
http://www.nikhalikreview.com
Sounds pretty interesting.

its doubtful stocks will continue to drop too much since the dollar is in the infirmary. unfortunately, our economy is starting to bear an eerie resemblance to the wiemar republic before WWII. lets hope ben realizes that if he cuts rates too far too fast the foreign money propping up our economy in recent years will be fleeing for the exits.