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#1
10-10-2008, 10:47 AM
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I believe that companies start to announce earnings (or lack there of) next week. Hopefully there will be some positve numbers released. And people will start to buy back good names/companies. But untill then we will continue to drift lower.
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Felix Unger talking to Oscar Madison: "Your horse could finish third by 20 lengths and they still pay you? And you have been losing money for all these years?!" 
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#2
10-10-2008, 04:01 PM
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Quote:
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Books serve to show a man that those original thoughts of his aren't very new at all. Abraham Lincoln
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#3
10-10-2008, 04:06 PM
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someone said something about the dow at 7k--i think it'll go that low as well, half of it's record high of last year. remember when nasdaq went over 4k? it's around 1600 right now.
it's going to get worse, the bottom has not yet been reached. and once it starts to turn around, it'll be baby steps along with two steps forward, one step back. i'd imagine the jump was over news on LIBOR, but it wasn't enough to end on a high note with a three day wknd.
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Books serve to show a man that those original thoughts of his aren't very new at all. Abraham Lincoln
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