Reader comments: 'Slow-motion crash' — Stocks end mixed after record losses

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New world Order | 6:54 a.m. Oct. 11, 2008
President Bush is ushering the new world equities market and globai bank this weekend. The change is here and the only question is how to adapt.
C.W. | 8:59 a.m. Oct. 11, 2008
Here I thought the 700billion would solve the country's problem! After all, if Bush, Obama, and McCain all say it then it must be true!
Those of us in the market know that NOTHING Bush says or does will make much difference. 700b in worthless printed money won't do it. The market has a mind of its own, but one thing that MIGHT help is if the American public regained trust in their elected politicians and corporate institutions.
It doesn't look like that will happen anytime soon, but when politicians and corporate CEO's look in the mirror they will find the answer.
What the market needs is the CONFIDENCE of the American worker behind it, not a bunch of worthless paper money and political campaign slogans!
Slo Mo? | 9:47 a.m. Oct. 11, 2008
Slow-motion? Are you kidding me? Biggest, fastest drop in history of the market. I wonder what it would look like in play mode instead of slow motion?

Bush and Paulsen need to stay off TV and shut their mouths. No one trusts them and they are just making things worse.

Idiots...
Comments continue below
Keith in Colorado | 10:50 a.m. Oct. 11, 2008
I'm not an economist, but I doubt that the G7, no matter what they come up with, will be able to reverse the tide. I'm especially concerned that our Federal Reserve continues to dump more worthless dollars into the system - driving up inflation and devaluing the dollar.

I realize on this topic that I've been beating somewhat the same drum. All of our elected officials are responsible and accountable - including the unconstitutional Federal Reserve. They have been the primary cause of what we're experiencing today. Under the basic laws of economics, stepping back and allowing the economy to correct itself, is what must happen. It will be painful for a few years, but that's the only thing in the long-haul that will work. We can begin by going back to a gold standard and doing away with the Federal Reserve; and, by voting every encumbant out of office as his/her term comes up for renewal.
Many | 11:25 a.m. Oct. 11, 2008
greedy idiots in the government. Obama's advisors such as Jim Johnson and Frank Raines were at the bottom of much of this mess. The Dems were in charge of congressional (Chris Dodd and Barney Frank) banking and financial oversight for the past 2 years. Changing presidents will not change the mess. It is truly a bipartisan fiasco.
paid my bills | 11:34 a.m. Oct. 11, 2008
Every time Bush Obama McCain Barney Franks talk about the market it drops another 10 points.
Find bloomingberg tv and switch the channels back and forth and watch.
Bloomingberg TV-

What happened to your suggestions for buying a nice 2 million dollars fixer upper home?

It was the investment rage 1 year ago.

Idiots.
Buy Buy Buy | 11:37 a.m. Oct. 11, 2008
I scrounged up some money yesterday to buy some stock and made some gains to offset all my other (40%) losses. Now's the time to buy.
Earl | 1:32 p.m. Oct. 11, 2008
@Buy Buy Buy: so you think you've found some bottom dwellers? I think your money will be going bye bye bye. Good luck with that.
To All | 3:41 p.m. Oct. 11, 2008
We must be close to something here as all I hear is complaints and fear. Don't sell now and only Buy if you can stomach losing more before it goes back up again. There is no fundamental reason for some of these companies to be dropping in value. When things are the Bleakest and fear is rampant that is when it is time to Buy if you dare. Look at it this way, where do you think the stocks you like will be in 5 years? My guess is 1-200 percent higher than todays prices. Good Luck and this will pass and go back up almost as fast as it came down.
As to Politicians, I agree, vote them all out of office when their terms are up. Whether they are Rep, Dem or Ind, They are all worthless and Crooks.

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Trader David Folger works the floor of the New York Stock Exchange Friday. For the week, investors lost $2.4 trillion. (Richard Drew, Associated Press)
Richard Drew, Associated Press
Trader David Folger works the floor of the New York Stock Exchange Friday. For the week, investors lost $2.4 trillion.