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(CNBC) Obvious Wall Street eats turkey without the gravy as it suffers through another brutal selloff after investors head for the exits ahead of Thanksgiving   (cnbc.com) divider line 11
More: Obvious, Wall Street, Thanksgiving, RIMM, investors, DJIA  
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599 clicks; posted to Business » on 21 Nov 2011 at 3:01 PM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



11 Comments   (+0 »)
   
 
2011-11-21 03:07:59 PM
I see you also read the Drudge Report.
 
2011-11-21 03:09:50 PM
401k contributors will be enjoying a variety of cat food based dishes in their sumptuous retirements, as once again we see prudence, foresight, and responsible behavior rewarded with a vigorous buttfarking!
 
2011-11-21 03:17:10 PM
Keen. Let's quietly encourage a slump a few days before Thanksgiving to warn people out of the market, snatch up a few hundred thousand shares at the marginally lower price, then make a few bucks on the deal from the uptick when all the retailers start putting out their "GREATEST BLACK FRIDAY SALES EVER, I mean look at this, our sales were THIS BIG!!!" announcements.

Or the weekend could end in epic failure when all the consumers blanch at the thought of the Black Friday Sales migrating into Thanksgiving day.

Meh, we'll know on Saturday.
 
2011-11-21 03:19:57 PM
AcneVulgaris: 401k contributors will be enjoying a variety of cat food based dishes in their sumptuous retirements, as once again we see prudence, foresight, and responsible behavior rewarded with a vigorous buttfarking!

Unless you did a massive reallocation into fixed income prior to the Debt Ceiling clusterfark. Still cannot believe that it happened again with the super committee. There is zero interest in governing in the U.S. these days just 'my way' of 'no way!'.
 
2011-11-21 03:26:17 PM
FooDog: AcneVulgaris: 401k contributors will be enjoying a variety of cat food based dishes in their sumptuous retirements, as once again we see prudence, foresight, and responsible behavior rewarded with a vigorous buttfarking!

Unless you did a massive reallocation into fixed income prior to the Debt Ceiling clusterfark. Still cannot believe that it happened again with the super committee. There is zero interest in governing in the U.S. these days just 'my way' of 'no way!'.


Governing is now about impoverishing the general population so that rich people feel richer. In that light, it all makes perfect sense.
 
2011-11-21 03:34:34 PM
I was told the market always goes up between October and April!!

/ALWAYS!!!
 
2011-11-21 03:49:15 PM
D135: I was told the market always goes up between October and April!!

/ALWAYS!!!


It's going up in a downward direction.... and It's A Great Time To Buy Stocks! They'll never be this cheap again! Buy now or be priced out FOREVER!
 
2011-11-21 04:52:22 PM
AcneVulgaris: 401k contributors will be enjoying a variety of cat food based dishes in their sumptuous retirements, as once again we see prudence, foresight, and responsible behavior rewarded with a vigorous buttfarking!

None of those words describe the type of people who put enough of their own money into a 401k that they can be hurt significantly by a downturn in the market.

If you're contributing to a 401k for any reason other than to get a free matching contribution, you're too ignorant to be investing in anything.

Not that I'm belittling 401k investors. It's massively unfair that employers have managed to almost completely shirk their responsibility to their employees so that they can "reinvest" money into exorbitant executive bonuses and investor perks. People shouldn't be required to get a second full-time job so they can be ready to retire from their first one, but if you're putting your retirement under the axe of a 401k... well, you're doing it wrong.
 
2011-11-21 06:44:34 PM
Do you need to see Trading Places again?

Wall Street really doesn't give a fark whether you make money or loose money. They get their commission either way. The "brutal selloff" does not bother Wall Street one iota.

Do you think your bookie cares which team you bet on? No, your bookie only cares if you stop betting.

Wall Street suffers if you buy-and-hold or never get in the market in the first place.

Think about it--the general public is selling at a loss. If they bought high and sold low, who is it that sold high and is now buying low?
 
2011-11-21 11:26:24 PM
why is our economy dependent on this casino again?
 
2011-11-22 12:03:42 AM
Every so often the market realizes that Obama has a chance at reelection, then the bottom drops out.

Hey, it's as good as the other theories I'm reading here.
 
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