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Real Doom Potential Today -- Cliff Talks Disintegrate, DOW Futures in the Tank

 
Anonymous Coward
User ID: 18226170
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12/21/2012 11:42 AM
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Re: Real Doom Potential Today -- Cliff Talks Disintegrate, DOW Futures in the Tank
I'm not going to even worry about it just yet. The Dow dropped below 8000 in 2008 and we are still above 13,000. My "worry point" will start once it goes under 10,000.
Anonymous Coward
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12/21/2012 11:54 AM
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Re: Real Doom Potential Today -- Cliff Talks Disintegrate, DOW Futures in the Tank
Dow futures currently at -163

Dow Fair Value -137.72
 Quoting: Lady Jane Smith


Shorttards, we ride!
seal

Great thread LJS
hf
Anonymous Coward
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12/21/2012 11:56 AM
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Re: Real Doom Potential Today -- Cliff Talks Disintegrate, DOW Futures in the Tank
Tax Refunds May Be Delayed By Cliff Wrangling

If you depend on an early tax refund to help pay for large holiday credit card bills you could be out of luck.

Medicare is warning doctors – and millions of elderly patients – payments will be slashed in January unless Congress acts soon. A 27 percent cut to doctors is scheduled to be triggered if Congress doesn’t vote to waive spending cuts.

It costs 2 cents to make every penny! A nickel costs more than 10 cents to produce.

[link to abcnews.go.com]
 Quoting: KoFFee_


This is exactly the same scam local governments play with bond issues not passing.

"If you don't agree to a bazillion more dollars in taxes on your property, we'll fire all the cops", and of course the pensions of the County Diversity and LGBT Divisions are never touched.
Anonymous Coward
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12/21/2012 11:59 AM
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Re: Real Doom Potential Today -- Cliff Talks Disintegrate, DOW Futures in the Tank
1.2% that's a nano tank? charlie
Anonymous Coward
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12/21/2012 12:33 PM
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Re: Real Doom Potential Today -- Cliff Talks Disintegrate, DOW Futures in the Tank
Thanks GOP for leading the way to economic apocalypse.

Glad you kept your promise not to raise taxes so well that you decided it was just better to let cuts and spending bills expire so investors and working class Americans would panic at the markets and have to react to all their future financial worries. No need to pass a Job Killing bill when you can kill jobs just by acting obstinate.
gd2balive

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12/21/2012 03:12 PM
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Re: Real Doom Potential Today -- Cliff Talks Disintegrate, DOW Futures in the Tank
[link to www.zerohedge.com]

It may not be apparent immediately, but in the aftermath of last night's epic collapse in fiscal cliff negotiations, which incidentally was perfectly obvious to anyone with half a brain and who experienced last summer's debt ceiling fiasco, which sadly excludes all paid political and financial - including sellside - commentators, all of whom expected a prompt resolution to this polarized issue as recently as a week ago, there is major behind the scenes panic.

... more at link
 Quoting: Lady Jane Smith


Is that really you in that avatar?
 Quoting: AlcoholicRunner


I NEVER show my face.

St. Thomas, US Virgin Islands.
 Quoting: Lady Jane Smith


choose carefully and behave well, for all of your tomorrows are presently being decided.
SilverPatriot

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12/22/2012 12:23 AM

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Re: Real Doom Potential Today -- Cliff Talks Disintegrate, DOW Futures in the Tank
It appears that the current Dow situation should wake people up to the fact that the Stock Market is not an accurate indicator of our economic health if viewed purely statistically.

As we have seen, companies within the stock market will lay off workers and close production facilities simply to appear lucrative to investors.

What we have now with obama’s destroy the middle class via his deathcare program and spread the wealth scam meaning that the middle class suffers the most.

Obama and his progressive minions hell bent destruction of America meaning movement towards communism will start as scheduled but will take on an unanticipated life form of its own.

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