****Re: OT: Emergency Buy Out

[keith smith]

I lived through he 1987 adjustment.  Interestingly I'm still alive.  Humm?  Maybe the sky is not falling!!

And I survived the dip during the dot com bust.  I'm thinking this might cause people to rethink their ways.   We have become a welfare state and this is more welfare.


------------------------
Keith Smith




--- On Mon, 9/29/08, Judd Pickell <pickell at gmail.com> wrote:
From: Judd Pickell <pickell at gmail.com>
Subject: Re: ****Re: OT: Emergency Buy Out
To: "Main PLUG discussion list" <plug-discuss at lists.plug.phoenix.az.us>
Date: Monday, September 29, 2008, 2:29 PM

To be fair, it would take a couple thousand points of dropping before it reached the panic that happened in 87 when it dropped 22%. Now that was a crisis. Apparently the 700+ point drop that happened still only constituted a 7% drop. Definitely a very easy point to recover from if allowed to. http://en.wikipedia.org/wiki/New_York_Stock_Exchange#Events


Sincerely,
Judd Pickell

On Mon, Sep 29, 2008 at 2:21 PM, Craig White <craigwhite at azapple.com> wrote:

On Mon, 2008-09-29 at 14:09 -0700, Robert Holtzman wrote:

> On Mon, 29 Sep 2008, Craig White wrote:

>

> > On Mon, 2008-09-29 at 12:02 -0700, Josh Coffman wrote:

> >> ..waiting for another bail out later today (probably) to see what

> >> changes are made for the second attempt.

> > ----

> > I wouldn't be surprised to see Congress punt at this point until after

> > the election because the election and politics is harming the process.

>

> And give the market time to drop a couple of thousand more points?

----

apparently you aren't one of those willing to sustain the losses from no

bailout plan.



Currently, the House is in recess until Thursday. I think the market

response tomorrow and Wednesday may have some influence upon whether

anything happens on Thursday.



Craig



---------------------------------------------------

PLUG-discuss mailing list - PLUG-discuss at lists.plug.phoenix.az.us

To subscribe, unsubscribe, or to change your mail settings:

http://lists.PLUG.phoenix.az.us/mailman/listinfo/plug-discuss



---------------------------------------------------
PLUG-discuss mailing list - PLUG-discuss at lists.plug.phoenix.az.us
To subscribe, unsubscribe, or to change your mail settings:
http://lists.PLUG.phoenix.az.us/mailman/listinfo/plug-discuss


      
-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://lists.PLUG.phoenix.az.us/pipermail/plug-discuss/attachments/20080929/5ba27e56/attachment.htm