House Republicans Reject Package, Dow Falls Over 700 Pts

[adamdavid80]

Don't you DARE grab the Bach Sacred Cantatas box...THAT'S MINE!!!!!!!!   

BTW, to my horror, the Sacred Cantatas box set (it's the Haroncourt/Leonhardt version) is still at Virgin.  The price is $260, so with the 35% off, it could be like $171 plus tax.  In this market, it's a better investment than Google, but I bought a bunch of other things (Satie, Mozart concertos, Rubinstein's Brahms piano quintet, Schubert trios) instead.

[Jay F]

I bought a bunch of other things (Satie, Mozart concertos, Rubinstein's Brahms piano quintet, Schubert trios) instead.

Which Mozart and Schubert did you buy?

[adamdavid80]

Which Mozart and Schubert did you buy?

The clarinet concerto by Stolzman that was recommended in the other thread, and the Philips Schubert two-fer of the Grimeaux and Beaux Arts (!!!) trios.

If there were any justice, you'd get a commission for that sale, since it was on your recommendation!   

[drogulus]

    When people can't sell bad assets, they sell good assets to raise cash.

    This chart in USA Today show how this markets compares with past steep declines:

   

   
   

[PerfectWagnerite]

The clarinet concerto by Stolzman that was recommended in the other thread,

You mean the Mozart Clarinet Concerto with Stoltzman? That is an awful recording. I used to have it - coupled with Galway/Robles in the Flute and Harp Concerto. Nobody will deny that Stolzman is a great great clarinet player, but this recording is so much about him and not enough about Mozart. He wades through the piece in a showy, flamboyant, me-me-me style that it is frankly pretty alarming. For a much more sensitive reading look for Szell/Marcellus/Cleveland. You will hear shades and contrasts you never dream of in Stoltzman. Or if you prefer the basset clarinet Wilkie/Hosford/COE coupled with an equally spectacular Copland Clarinet Concerto:



Yes it is OOP but it is worth every penny.

[adamdavid80]

You mean the Mozart Clarinet Concerto with Stoltzman? That is an awful recording. I used to have it - coupled with Galway/Robles in the Flute and Harp Concerto. Nobody will deny that Stolzman is a great great clarinet player, but this recording is so much about him and not enough about Mozart. He wades through the piece in a showy, flamboyant, me-me-me style that it is frankly pretty alarming. For a much more sensitive reading look for Szell/Marcellus/Cleveland. You will hear shades and contrasts you never dream of in Stoltzman. Or if you prefer the basset clarinet Wilkie/Hosford/COE coupled with an equally spectacular Copland Clarinet Concerto:



Yes it is OOP but it is worth every penny.

Yikes!  You could really spice up the Mozart concerto thread over yonder...

[adamdavid80]

Hey!  Great news!  the Dow ended the day ONLY dropping 128!!!  That's the best showing of the week!  Fantastic!

[drogulus]

     One of my stocks is up 20% today. Another is up 19%, another 13%, one is up 8% and 2 are up 7%.

     

[adamdavid80]

     One of my stocks is up 20% today. Another is up 19%, another 13%, one is up 8% and 2 are up 7%.

     

From what lows?   

[Catison]

I wouldn't cheer too quickly.  The FED pumped up the Dow with a serious buying spree.  Artificial inflation gets us nowhere.

[drogulus]

From what lows?  

    Oh, they were down, no question. I read this in this way: The mindless automated trading will run its course, and many of the panicky sellers are out by now. The bargain hunting has started, and the prices will be bid up. For the near term there will be up and down movement but there will be a return to fundamentals, and the long slow climb out of the hole, with 5 years until a new high.

   Oil is at $78/bbl. It will continue to go down, even if OPEC cuts.

[ezodisy]

I wouldn't cheer too quickly.  The FED pumped up the Dow with a serious buying spree.  Artificial inflation gets us nowhere.

well said

[adamdavid80]

All right y'all...let's place your bets right here, right now, and it's in print, so it's forever....

WHERE WILL THE DJI BE AT THE END OF NEXT WEEK?

(Let's go with an actual number)

[drogulus]

     I don't care.  _0:)

     Just for jollies, 8,000.

[ezodisy]

I don't know where it'll be but I would be very surprised if it didn't retest 7800. If it does and it bounces strongly from there again then the bottom probably would be in. The fall to this point has been exceedingly fast, it may plummet through that point on a retest or next week it might not even retest it, which would then make likely a retest some time in the future. Today most people expected capitulation and instead the dow bounced strongly. Anyway, I am feeling pessimistic: 6660

[Catison]

My prediction is the Dow will bottom out at 7500 just before the election, with some instability until the end of that week.  Then it should be going up again for about a year.  But at the end of 2009, the REAL sh*t hits the fan and the market is going to tumble even worse than this time.

[adamdavid80]

6660

The number of the beast!!!!  Yikes!!!

Me, I'm feeling stupid.  I'm gonna go with 9600. 

[(poco) Sforzando]

My prediction is the Dow will bottom out at 7500 just before the election, with some instability until the end of that week.  Then it should be going up again for about a year.  But at the end of 2009, the REAL sh*t hits the fan and the market is going to tumble even worse than this time.

And the basis for all this prescience is . . . . ?

[adamdavid80]

And the basis for all this prescience is . . . . ?

God's will. 

[Al Moritz]

And the basis for all this prescience is . . . . ?

Credit default swaps I suppose. Indeed, I am very scared of that 55 trillion dollar shadow market:

http://money.cnn.com/2008/09/29/magazines/fortune/varchaver_derivatives.fortune/

The best thing for a whole recovery of the world economy would be that the G7 and all their financial experts could agree that they de facto they never existed. Who could profit from them anyway? Nobody. Now they have turned into what Warren Buffett called a "financial weapon of mass destruction".

If they are not taken care of, they could be indeed the real sh*t that hits the fan. Dow at 2000.