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Rumor Mill News Reading Room Archive

Re: Dow and NASDAQ post Triple-Digit Losses

Posted By: Newshound
Date: Wednesday, 28-Mar-2001 17:47:58
www.rumormill.news/7934

In Response To: Dow and NASDAQ post Triple-Digit Losses (hobie)

The wealth is just changing hands. The big boys will buy back cheap after crash for .25 on the 1.00 just like they did in the 30's.

Buy gold. I just bought Liberty Comemortives sold by the Fed at $225.00 for $101.00 each today. So I picked up $5,000 worth. They should increase 4-5 times in value over the next few months.

The IMF is now trying to back up the EU with 20-30% Gold. They know this fiat paper money is going to collapse.

: Wednesday March 28 4:17 PM ET
: Dow And Nasdaq Post Triple-Digit Losses

: NEW YORK (Reuters) - Stocks fell sharply on Wednesday with
: losses concentrated in technology shares, clipping a
: three-day rally and resuming recent weeks of selling on a
: new batch of earnings warnings and layoffs from some
: corporate giants, including Walt Disney Co. and Nortel


: Networks Corp.

: The Dow Jones industrial average dropped 162.19 points, or
: 1.63 percent, to 9,785.35, according to the latest data. In
: the previous three trading sessions, the Dow had risen 5.6
: percent. The tech-laden Nasdaq Composite Index fell 118.34
: points, or 6 percent, to 1,853.92. The benchmark Standard
: & Poor's 500 index slid 28.92 points, or 2.45 percent,
: to 1,153.25.

: ``People are still concerned we're heading for a recession and
: a serious profit slump,'' said Kevin Bannon, chief
: investment officer at BNY Asset Management, which oversees
: about $60 billion in assets. ``There are still people out
: there who don't appreciate how severe short-term earnings
: problems are.''

: Walt Disney, theme park and television network owner, slumped
: 84 cents to $28.36 after a letter to employees outlined
: plans to cut 3 percent of its work force in the weak
: economy.

: Canada's Nortel fell $2.76 to $14 in New York Stock Exchange
: trading after the world's No. 1 supplier of telecom
: equipment slashed its quarterly estimates and planned more
: job cuts amid
: pricing pressures and the U.S economic downturn.

: -----



RMN is an RA production.

Articles In This Thread

Dow and NASDAQ post Triple-Digit Losses
hobie -- Wednesday, 28-Mar-2001 16:25:30
Re: Dow and NASDAQ post Triple-Digit Losses
Newshound -- Wednesday, 28-Mar-2001 17:47:58
Re: wealth changing hands
hobie -- Thursday, 29-Mar-2001 09:10:42
Re: wealth changing hands
Newshound -- Thursday, 29-Mar-2001 16:05:18
yeah but: We've got multiple Factions in play
hobie -- Thursday, 29-Mar-2001 19:00:54

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AN EXPLANATION OF THE FACTIONS