Dow Jones is free-fallin’
In the video below, Americans participate in a large-scale acting exercise. Their assignment:
“Be the stock market.”
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© 2011 The Atlanta Journal-Constitution
133 comments Add your comment
AJC/DNC Management
February 23rd, 2009
5:33 pm
But stocks slumped and never looked back as investors fretted that companies that don’t get such aid could remain in jeopardy, while those that do are likely to see the government take preference over other shareholders for dividend and debt payments.-WSJ
Yep, the banking sector has to pay off their government bail out before they can turn a profit, so what’s in it for me?
duh
Wyld Byll Hyltnyr
February 23rd, 2009
5:44 pm
I just have to see how the libs try to spin a stock market that has had its bottom fall out into an example of President Obama’s superior performance. Truth is that, in the last few weeks, we have seen investors vote emphatically that they consider neither President Obama nor his administration up to the task at hand.
By, alas, all is not lost as the Jindal administration, with Sara-cuda in the co-pilot chair, picks up the reigns in approx. 1,461 days.
G-d save this nation.
getalife
February 23rd, 2009
5:45 pm
Talking cable heads trying to blame the President but has not reached daddy bush recession yet. If it is a global depression, it should go to at least 3000.
@@
February 23rd, 2009
5:52 pm
Do not dilute yourselves (or the shares that investors hold in banks), men have simply not evolved. Not one woman in that video.
@@
February 23rd, 2009
5:52 pm
…and yes, I know the correct word was delude. I was havin’ a little fun.
AJC/DNC Management
February 23rd, 2009
5:56 pm
Say, I got a question, well, actually a quandary, that I’d like to ask the blog.
If we were to impeach Oblahma, that would make Hair Plugs the president and we obviously cannot have that.
But even worse, if we impeached both Oblahma and HP, that would hand Pelosi the executive and even broaching such a subject calls into question one’s sanity.
One other option, impeach Oblahmi and then a few weeks later impeach HP, but the problem there is that HP will appoint some other moron democrat to the vice presidency, so the cycle of impeachment would never end.
We have to find a way to impeach all three of these bozos, barry, HP and blinky, at once.
We’ve got Oblahmi and Hair P on war crimes, they have been routinely slaughtering Pakistani civilians plus they are still holding al Qaeda cut throats in Gitmo and Lord knows, after all of the whining from the last 8 years, those offenses are punishable by death, never mind impeachment.
So my question is, can we tie Pelosi to the war crimes and get a threefer?
She, did, after all, vote for war funding.
I’ll hang up and listen for your answers.
Mike
February 23rd, 2009
5:58 pm
Just remember:
If you are a Democrat, it is the Republicans’ fault.
If you are a Republican, it is the Democrats’ fault.
See, I have just summarized the next 80 posts (without the obligatory name calling). No need to thank me.
Wyld Byll Hyltnyr
February 23rd, 2009
6:01 pm
On the extreme bias and revision side of things, ajc.com has an upper left corner propaganda piece that explains away President Obama’s troubling smoking addition. The paper calls him a “chipper”, ie and infrequent social smoker, when it is well known that he is a chain smoker. To the AJC gang, if you say it long and loud enough sooner or later it becomes true (if only in your own mind.)
@@
February 23rd, 2009
6:09 pm
A religious leader within the Islamic faith is an:
ayatollah
a caliph
an imam,
or a mullah?
Nope! Reuters calls them something entirely different….
Malian security forces are holding an Islamist —–>preacher<—– suspected of involvement in the abduction of four European hostages claimed by al Qaeda in the Islamic Maghreb (AQIM), Reuters reported Feb. 23.
Words matter.
Why just yesterday Reuters had an article whereby Amnesty International accused our school children (on playgrounds) and the american citizenry (in their homes) of manufacturing munitions by which Israel could attack Palestinians.
(ISH)
Jay
February 23rd, 2009
6:09 pm
Damn, Byll, you’re onto us…
Midori
February 23rd, 2009
6:13 pm
shhhh, Jay!!
Next you’ll teach him our secret handshake, and lend him our secret decoder ring!!
getalife
February 23rd, 2009
6:16 pm
Mike,
Both parties suk.
From an Independent point of view.
Class of '98
February 23rd, 2009
6:33 pm
Hey Mike,
In about 1944, Nazis hated Brits and Brits hated Nazis.
Does that mean neither of them was in the right?
I guess you think riding the fence is noble. I disagree.
@@
February 23rd, 2009
6:34 pm
What the heck do we have to do around here to end the italics?
Nothing after Feb. 23 in my 6:09 was set to be in italics.
CommunistAJC
February 23rd, 2009
6:35 pm
Midori,
you should really go back to your earlier postings on Jays GOP blog. A lot of people don’t like you very much.
Brad Steal
February 23rd, 2009
6:37 pm
Jay,
Love your columns, comments and commentary. But somehow you have become the pied piper of wingnut retards. The group of loudmouth shills that lives to condemn for your every word is impressive. I have not seen this type of hate since Clinton. God’s speed my good man.
B. Steal
NRB
February 23rd, 2009
6:39 pm
Yep.
The Democrats, with the aid of all liberal newspapers like the AJC, are trumpeting the death of capitalism via a self fulfilling prophecy.
When left wing rags and lame-brained liberal politicians keep yelling about how the sky is falling, the masses will react to this by liquidating portfolios, and not spending any money.
This is all an excuse to force the US into a socialist system.
Taxpayer
February 23rd, 2009
6:39 pm
I like Midori.
Class of '98
February 23rd, 2009
6:40 pm
You haven’t seen this kind of hate since Clinton? Have you been in a coma for the last eight years?
GodHatesTrash, Superstar
February 23rd, 2009
6:40 pm
Midori, the knuckledraggers don’t like you.
Did you poop in their peanuts? Bad girl!
DB, Gwinnettian
February 23rd, 2009
6:42 pm
@@ @ 5.52, it’s the extra “@” sign. Gives your posts Teh Slanties.
Taxpayer
February 23rd, 2009
6:45 pm
All hail the new socialist order and a special thanks to our special super secret most covert agents, Alan Greenspan and Phil Gramm. There were others but these two deserve special recognition. They have earned the Royal Order of the Soros medal for they helped bring down a banking system in a fashion that had George standing in awe. He actually felt humbled. I think a book is in order.
RB from Gwinnett
February 23rd, 2009
6:48 pm
Jay, I was going to post the same thing as Wyld. You really don’t get that we the people see through the silly ploys you and your liberal media bretheren use to manipulate the ignorant masses, do you? Why don’t you answer this question on behalf of the AJC, Jay. “Is Obama an occasional smoker who fits the definition of a “chipper” or is he an addicted smoker who smokes more than a pack a day?” Please support your reply with something more than a link to your own paper.
Also, your attempt to downplay the further collapse of the stock market today with a silly video seems on par with the story above. Somehow, I don’t believe for a second you would have treated a similar decline while Bush was in office with the same attempt at humor.
I’ll look forward to your Obama question reply, Jay.
Mrs. Godzilla
February 23rd, 2009
6:50 pm
Midori
I draw the line at Jay teaching them our secret handshake.
It cannot be allowed!
By, the way….mm…..you’re out of the pool.
As we watch the Bush recession slide perilously close to the Bush depression, we know the audacity of hope will get us through the mess they left behind. At the end, is a stronger better America.
We’re holding on and not afraid.
Taxpayer
February 23rd, 2009
6:53 pm
Mrs. G,
Are you out there. I was just wondering if you had been able to uncover any more info on that electronic run on the banks that the fed had to stop in order to save our financial system from complete collapse. I still have not seen anything else on that story.
Class of '98
February 23rd, 2009
6:53 pm
You might be holding on, but if you’re not afraid, you haven’t been listening to your messiah much lately.
He’s been trying to scare everyone witless for weeks. I think he gets paid based on how many times he can say “crisis” everyday.
DB, Gwinnettian
February 23rd, 2009
6:57 pm
“But somehow you have become the pied piper of wingnut retards. ”
New to newspaper “Comments” threads, are you?
@@
February 23rd, 2009
6:58 pm
In order to win the election, Obama had to put everyone into a state of depression. Now he can’t seem to stop it…..the real thing, that is.
Midori
February 23rd, 2009
6:59 pm
oh noessss!!!
taxpayer, sir trash, mrs. g. — next they might *gasp* GOOGLE ME!!!
AIEEEEEEEEEE!!!!!!!!!!!!!
DB, Gwinnettian
February 23rd, 2009
7:01 pm
Midori, all I know is, I sure hope you didn’t say anything unkind to white supremacists over at Creative Loafing.
That’s, like, morally equivalent to child torture.
Taxpayer
February 23rd, 2009
7:12 pm
Midori,
The scary part is how much information is out there for the googling. I googled myself and found info. I was absolutely astounded at the amount of information out there on “taxpayer”.
Paul
February 23rd, 2009
7:17 pm
Mike 5:58
You broke the code. Now have fun and blame BOTH!
AJC/DNC Management
[[So my question is, can we tie Pelosi to the war crimes and get a threefer?]]
Sure! Aiding and abetting in torture. She was briefed on waterboarding and other associated tortures even before we waterboarded Khalid. Her excuse was it was not done, just planned, and besides, Pres Bush’s lawyers told her it was legal. Then you get her to testify and use her own statements about how the legal opinions were neither binding nor correct.
There, you got your threefer.
Jay
(Midori at 6:13) [[Next you’ll teach him our secret handshake, and lend him our secret decoder ring!!]]
Trust me on this: when she breaks out the handcuffs, RUN!
Jay
February 23rd, 2009
7:18 pm
RB, I neither know nor care whether Obama smokes more than a pack a day. It makes no difference whatsoever to me. For the record, though, I just looked and the most recent stories published on the topic date to December, quoting Obama on Meet the Press to the effect that he has mostly but not entirely quit, that he occasionally falls off the wagon.
By the definitions in the AJC story, that would make him a chipper, I guess, although I never heard the term before. If you have evidence to the contrary, cite it.
But really, your allegation that the media would twist or hide the truth about such an inconsequential matter on behalf of some political agenda says a lot more about you than it does about the media. You’re fixated, determined to find evidence where none exists.
The same is true of your reaction to the video. I’ve posted repeatedly about how bad things are getting (See “Some days, the economic news just stuns you”, Feb. 18). But a small attempt at humor is transmuted in your brain into still further evidence of the commie media plot. I could say the sky was blue and you would read it as a political statement about blue states and red states and complain that at dawn and dusk the sky is sometimes red and my failure to note the occasionally red sky proves my bias.
Man…. you guys are crazy sometimes.
Ima Stock Dummy
February 23rd, 2009
7:27 pm
The majority of American investors have proven over and over again they are dumb as a sack of rocks by buyimg high and panicking and selling low. They continue this stupidity today (and Friday). I picked up a stock at $10.50 Fri and it closed at $11.55 today.
So, sell dummies sell,sell,sell. Dumb investors deserve to lose!!!
Paul
February 23rd, 2009
7:30 pm
oops, I just did a faux pas (no, for some of you, that isn’t a Fox thing). Didn’t comment on the topic at hand before diverting –
the video, like the real thing: you don’t think it can get worse, and it does. Day after day after day.
I’ll offer this about the stock market: of course it’s falling. “Investor” confidence? How about the confidence of traders who stand to make or lose short-term? What do we expect the reaction to be when it’s apparent there will be more accountability, more regulation because they proved they couldn’t be trusted unsupervised? What do you expect them to do when they realize all their losses won’t be covered, there will be short-term investor pain? What on earth is the normal reaction when a child who’s used to doing what they want and getting away with it is told ‘no’? Or who gets themselves in a really screwed up situation and they hear, for the first time, “I’ll help you get thru this. With conditions. And it won’t be what you might want to serve your own interests. But it’ll be good for us all. And by the way, even you don’t have anything better to offer.”
Midori
February 23rd, 2009
7:31 pm
Taxpayer: Beware the google!! FLEE!! FLEE!! Run for your life!!!
Paul: You’ve been getting lax lately. I’m gonna have to visit the locksmith
DB: That is entirely too funny!!”!
Taxpayer
February 23rd, 2009
7:31 pm
Well, they do have a book on it you know. Selling Stocks for Dummies
Paul
February 23rd, 2009
7:35 pm
Midori
Of course I’ve been lax. I happen to eat plenty of fiber, thank you very much.
But now it’s off to fix some supper. Then 24 and Heroes. But I’ll be back in later.
Oh, if you want a really simple dish that’s smashing – really quick (after the prep work) – sauteed pork tenderloin slices in a balsamic cherry glaze. If you’re interested I’ll pass it on when things are slow.
RW-(the original)
February 23rd, 2009
7:36 pm
@@,
In your 6:09 the code to end italics doesn’t come until right after the (ISH). If you right click on the page and then select “view source” you can scroll down and see your comment and its format.
NRB
February 23rd, 2009
7:38 pm
Jay said:
“But really, your allegation that the media would twist or hide the truth about such an inconsequential matter on behalf of some political agenda says a lot more about you than it does about the media.”
Oh really?
How about the media hiding the fact that Obama wants to send 17000 troops to Afghanastan? Did the liberal-media whine and cry about how “the surge won’t work”?
How about lack of uproar when The Obama administration, siding with the Bush White House, contended Friday that detainees in Afghanistan have no constitutional rights? I mean, all we heard about for 8 years was how many rights that terrorists have, and now all of a sudden when Obama agrees that they don’t, you liberals are silent?
I mean seriously, Jay, anyone with an ounce of common sense knows that the mainstream media is liberal and thinks Oblahma and Democrats walk on water.
You guys give him a pass for everything, which is fine, because the airwaves are still free to air the truth. For now at least.
Arguing against liberal media bias is like trying to insist that 1+1 doesn’t equal 2. And it’s embarrasing watching you try to argue otherwise, Jay.
AJC/DNC Management
February 23rd, 2009
7:43 pm
Is this guy a dimwit or what?
President Obama launched a bipartisan effort today to restore fiscal discipline to the nation, pledging to cut the budget deficit in half in four years and reinstate pay-as-you-go rules to prevent the government from spending money it does not have.
“Fiscal discipline,” hahahahahahahaha, oh my.
The only way this klown will ever achieve fiscal discipline is when the United States Treasury has no more ink left to print money with.
ew
Mike
February 23rd, 2009
7:51 pm
Jay –
I find it bizarre that you are more offended by a fairly civil criticism of perceived media bias than you are of the bigoted hate speech that has become the norm on this site.
As I said before, you could probably greatly expand your the universe of posters to your blog if you moderated the vile bigotry a bit more. You would certainly raise the level of discourse. You might lose the patronage of bigots like GodHatesTrash and some others, but I’m not certain how much of a loss that would be.
Taxpayer
February 23rd, 2009
7:55 pm
Well, we are long overdue to make that next big step toward that time. You know the one. It’s that time that comes later, near the end. It’s the time of the mark because it’s a sign of the times. We need to convert to a cashless society and we need to start, in the beginning of the end, by simply using our Social Security number. Then, we’ll get the government to work with the banks to issue debit cards to everyone. The debit card can then be used for things like unemployment benefits and such and eventually they can be used for all transactions. Then, we can move on to even simpler means that can be scanned simply by swiping or passing near a detector and detectors can be placed everywhere and anywhere — at each doorway, even the bathroom door…in your own home. Scary, huh. Not to worry though. That kind of stuff only happens in the movies. It’s just a joke. See. I’m laughing now. HA…Ha… … …ha. Where’s my hat. Has anyone seen my hat. It’s the shiny one.
AJC/DNC Management
February 23rd, 2009
7:55 pm
If Oblahmi came out tomorrow and announced that he thinks all democrats are brain dead dunces and mouth breathers who believe every lie that emerges from his mouth is the truth, it would be the first honest thing he said in years.
Does this guy ever tell the truth?
Chad Harris
February 23rd, 2009
7:55 pm
It looks like this session of Bookman University is shovel ready as usual, musing on the grim and dim INHERITANCE OF THE PARADE OF HORRIBLES FROM BUSHIE AND THE GANG.
We’re havin’ stress tests now–not the ones looking for ST elevation or depression, but the ones looking for the value of toxic assets and whether the instrument holders are going to be badly screwed.
Failing Presidential Candidate Piush fake name “Bobby” (ain’t no Bobby’s in Amar where the name came from) the slum dog Contrarianaire got smacked down in person by Obama–nailing him, Sonny Purdue (he of the 6 million wasted on Tamiflu which does zippo against H5N1), Barbour, and Sanford continuiung to be the slumdogs of no focusing on much less than 1% in expansions of unimployment insurance.
States which are on the brink of insolvency like JawJaw (where most of you is), South Carolina, and Missisippi, would probably lose big.
Instead of Yammering, Purdue and the legislature need to put out on websites and paper precisely what they view the upsides and downsides are for each and every component of the Stim package. There is no escuse for the Jaw Jaw legislature not to get this done this week, because it’s going to take time to get the stim money if it’s accepted.
The legislatures of course can override the states, but I absolutely would parse every molecule of what the upsides and downsides for my state are before getting behind it or opposing it. That’s the job of the legislatures as well as the governors.
The media, AJC included has a lot of columns about Obama’s packages and bills, but has yet to explicitly spell out precisely what the stimulus package would mean for Georgia.
As far as Wall Street freefall, everyday’s Dow, Nasdaq, and every other index are just snapshots and one prism of the Bush recession INHERITANCE did someone mention italicism? dynamics. What about the people who actually hold the securities instruments? Will they get screwed?
Geithner, he of the NY Federal Reserve bank failure, has been way too friendly to the banks and neglected main street significantly. Geithner’s DNA is always to codle the failing bankers who are dead banks walking and to create toxic zombies of many of them.
The Housing part of the stim isn’t going to significantly change the bleak housing landscape.
Carl Rove flashed a bird towards his appearance at HJC scheduled for today. It’s time for the House to invoke inherent contempt and arrest his rolly polly behind. Obama now has the one additional week he asked for to broker a deal between the Bushies and HJC regarding testimony on the US Attorney scandal. The OLC team will be confirmed Wednesday afternoon. The deadline for them to decide how the Obama administration is going to stand on HJC’s fight to compel Rove to testify has now been moved to March 4, giving the OLC Bush Haters time to get in place and get their act together.
Grin of the day was loser and fired HP CEO Carley Fiorina saying in a speech about the banks “when somebody takes $40 million a year for failure, we cannot defend that.” Buh buh Carley–that’s precisely what you did after losing 25% of the jobs and multimillions at HP and getting your butt canned.
John Thain has been ordered to testify about the millions he paid in bonuses at Merril Lynch before they were absorbed by Skank of America in a motion Coumo won today.
GodHatesTrash, Superstar
February 23rd, 2009
8:21 pm
I don’t hate ignorant whiners. I find them pitiful and disgusting and pathetic, yes, but I don’t hate them.
Jay
February 23rd, 2009
8:21 pm
NRB, it is possible to make an intelligent argument that media bias exists. I’ve seen it done. However, it is not possible to do so when your alleged evidence is the posting of a pratfall video and an apparently accurate story about Obama’s smoking habit. That’s a wild overinterpretation of evidence.
As is your claim that the media “hid” Obama’s decision to send another 17,000 troops to Afghanistan. You render your claim ludicrous if that’s your evidence for it.
NRB
February 23rd, 2009
8:30 pm
Jay,
it isnt really about the pratfall video, per se, moreso it’s about the constant nit-picking about anything republican, as if the Dems walk on water.
It’s not just you, it’s the entire liberal media complex that is guilty.
And the media did indeed “bury” Obama’s call for a “surge”.
I dare you to try and tell with a straight face that there is absolutely zero difference in how the media handled Bush’s Iraq surge versus how they’ve handled OBama’s Afghanastan surge. Did you write any columns talking about how “the surge won’t work?”
Didn’t think so.
Did Sean Penn go on the Oscars last night and berate the president for sending more troops in harms way, or did he just yak about how eloquent Obama is?
Didn’t think so.
TnGelding
February 23rd, 2009
8:30 pm
AJC/DNC Management
February 23rd, 2009
5:33 pm
The banks were up today.
Ok, the sell-off has my attention now. Looks like Tiny Tim might have to go.
Mike
February 23rd, 2009
8:34 pm
Who gives a crap who Trash hates. He is a vile bigot.