Stocks continue to fall- for how long?

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Of course, there is a thread saying there will be rough times for the stock market ahead. And then of course there is the reality - we have begun the roll of the snowball down the hill. I was going to post, like in the case of Avian, the media were not telling, but it turns out that CNN and other news are on top of this. People are speaking out. 

Things are being tried, plans are being made.  The effects so far are as of David punching Goliath in the face instead of using a sling from far away. The giant looked puzzled, but David's chances are not looking that good. And in this case, David is the people and the Goliath is the giant that threatens to flatten our economy. 

Are the stocks falling? Yes. Was the attempt to save Citi enough to dampen the over all malaise and decline? No. 

What does main stream media and especially President Obama have to say? Where are the voices with the hope so many felt with the coming of a new administration? It is the first 100 days, and unless some of this starts turning the ship around, 2009 is not going to be whole lot better than 2008. 

CNN says:

http://money.cnn.com/2009/02/23/markets/markets_newyork/index.htm

NEW YORK (CNNMoney.com) -- The Dow and S&P 500 tumbled to levels
not seen in nearly 12 years Monday, as investors continue to worry that
the government's efforts to slow the recession won't be sufficient.

The S&P 500 (SPX) index lost 26 points, or 3.5%, ending at the lowest point since April 11, 1997.

"It's fear-based selling," said Dave Hinnenkamp, CEO at KDV Wealth
Management. "The fact that we're touching these multi-year lows tells
you we don't know where the bottom of this thing is."

"There is just nobody who wants to buy right now," said Ron Kiddoo, chief investment officer at Cozad Asset Management.
"The skepticism is back," Kiddoo said. "I think we need to hear some optimistic talk from our leaders and soon."
Stocks are now extra vulnerable with the major gauges at the multi-year lows, said Gary Webb, CEO at Webb Financial Group.
See red arrow thread for Obama speech and plan as well as the worsening food situation. 

Medclinician

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Guests Members Profile Send Private Message Find Members Posts Add to Buddy List Guest Group	Post Options Post Reply Quote Guests Thanks(0) Quote Reply Topic: Stocks continue to fall- for how long? Posted: February 24 2009 at 4:42am
	Of course, there is a thread saying there will be rough times for the stock market ahead. And then of course there is the reality - we have begun the roll of the snowball down the hill. I was going to post, like in the case of Avian, the media were not telling, but it turns out that CNN and other news are on top of this. People are speaking out. Things are being tried, plans are being made. The effects so far are as of David punching Goliath in the face instead of using a sling from far away. The giant looked puzzled, but David's chances are not looking that good. And in this case, David is the people and the Goliath is the giant that threatens to flatten our economy. Are the stocks falling? Yes. Was the attempt to save Citi enough to dampen the over all malaise and decline? No. What does main stream media and especially President Obama have to say? Where are the voices with the hope so many felt with the coming of a new administration? It is the first 100 days, and unless some of this starts turning the ship around, 2009 is not going to be whole lot better than 2008. CNN says: http://money.cnn.com/2009/02/23/markets/markets_newyork/index.htm NEW YORK (CNNMoney.com) -- The Dow and S&P 500 tumbled to levels not seen in nearly 12 years Monday, as investors continue to worry that the government's efforts to slow the recession won't be sufficient. The S&P 500 (SPX) index lost 26 points, or 3.5%, ending at the lowest point since April 11, 1997. "It's fear-based selling," said Dave Hinnenkamp, CEO at KDV Wealth Management. "The fact that we're touching these multi-year lows tells you we don't know where the bottom of this thing is." "There is just nobody who wants to buy right now," said Ron Kiddoo, chief investment officer at Cozad Asset Management. "The skepticism is back," Kiddoo said. "I think we need to hear some optimistic talk from our leaders and soon." Stocks are now extra vulnerable with the major gauges at the multi-year lows, said Gary Webb, CEO at Webb Financial Group. See red arrow thread for Obama speech and plan as well as the worsening food situation. Medclinician

ParanoidMom Members Profile Send Private Message Find Members Posts Add to Buddy List Valued Member Joined: December 17 2006 Location: United States Status: Offline Points: 1655	Post Options Post Reply Quote ParanoidMom Report Post Thanks(0) Quote Reply Posted: February 24 2009 at 7:57am
	How long? Until they are allowed to naturally hit bottom. While we're throwing money into everything out there the market cannot make a true correction. Look at how much money we would have saved if there had been no bail-outs, no money down a sandhole. Yes, people would have been hurt, but not nearly as bad. It's time to rip the band-aid off and get it over with!
	But the souls of the righteous are in the hand of the Lord Wisdom of Solomon 3:1

endman Members Profile Send Private Message Find Members Posts Add to Buddy List V.I.P. Member Joined: February 16 2006 Status: Offline Points: 1232	Post Options Post Reply Quote endman Report Post Thanks(0) Quote Reply Posted: February 24 2009 at 1:08pm
	Not today but is it one step forward and two steps back?