Did you all survive, while others were in total and complete panic?
Were you all ready, while others were totally unprepared and over-leveraged?
Were you sitting on cash, while others went on a desperate orgy of cash-raising liquidation?
And now that we've seen the worst week in history, what do you think next week, and the rest of 2008 has in store?
And oh, thank you realtors. Thank you mortgage brokers. Thank you Congress. Thank you bankers. Thank you housing gamblers and mortgage fraudsters.
You f*cked America. You f*cked the world. And you f*cked yourselves.
The Dow lost 128 points, giving the blue chips an eight-day loss of just under 2,400, or 22.1 percent. The average had its worst week on record in both point and percentage terms.
"Fear has been running rampant all over the Street. Fear and greed, that's what rules the Street. I think the carcass has been stripped to the bone," said Dave Henderson, a floor trader on the New York Stock Exchange for Raven Securities Corp.
October 11, 2008
The world just witnessed the worst week ever in the stock markets. The worst week ever. Any questions?
Posted by blogger at 10/11/2008