Will the Dow drop below 10,578.24 before Bush's term ends?

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I really would not be too surprised if it went below that by the close of business tomorrow.

Agreed. The Asian stock markets have so far fallen 10-15% in a day and a half, Monday and what has happened so far of Tuesday. If we come close to catching up to that rate of decline, the markets will be in complete free-fall tomorrow.

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But remember, Republicans are good for the economy!

One of the great myths spouted by the pundits and MSM.

Where was this crap when the economy was going swimmingly two years ago?

The economy has never been going "swimmingly" in the past eight years. The stock market rising does not mean a strong economy by any stretch of the economist's imagination.

[Verily]

The markets are hovering below 12000....just as I expected.

Did you expect the rate cut? Had that not happened, the market would be down 500 points today, at least. (Although I think that would have been a better thing for the economy; Bernanke's panic button is getting old.)

[Verily]

The markets are hovering below 12000....just as I expected.

Did you expect the rate cut? Had that not happened, the market would be down 500 points today, at least. (Although I think that would have been a better thing for the economy; Bernanke's panic button is getting old.)

It seems like a coke moment, doesn't it?

The worst part is that, the next time the market panics, they'll expect another rate cut. And that time it will have to be at least 75 basis points or else they'll panic anyway that "the Fed isn't doing enough".