Jon Adams

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jondude
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Jon Adams
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A Minority Of One

News & Issues > Trickle, Trickle ...
 

Trickle, Trickle ...

Trickle down economics has become all fall down. The Dow Jones Industrial Average is near the 8200 mark. The other stock exchanges around the world were down around eight to ten percent overnight. The Dow futures, S&P futures and the Nasdaq futures were all halted in overnight trading when the "circuit breakers" were hit. Trading stopped.

On the opening the Dow bumped against the down-500 pints mark but has traded between down 497 and down 300.

Crude oil futures are down about four dollars to the sixty-three dollar level, even though OPEC decided to cut production by a million and a half barrels.

The UK has confirmed it is in recession for the first time in over 16 years.

US auto makers announced more layoffs and plant closings. Yahoo, Google, and even Microsoft are laying off more people. Toyota announced its worst quarter in years.

Commodity prices are slipping. Gold broke under $700 for a short time.

Volatility reigns.

Trickle down is becoming "all fall down."

...............

BTW: As Anacoana posted, today is the anniversary of the 1929 stock market crash! Thanks for that, Ana!

posted on Oct 24, 2008 6:59 AM ()

Comments:

I'm beginning to worry about my pension and social security incomes, now that my 401k has been flushed down the toilet. Scary times.
comment by solitaire on Oct 25, 2008 6:06 AM ()
its just sad....now we all have to pay the price.

reguards
yer it boggles the mind pal
bugg
comment by honeybugg on Oct 24, 2008 3:45 PM ()
I don't know where Reagan is in the afterlife. I can only hope it is very hot.
comment by tealstar on Oct 24, 2008 1:41 PM ()
comment by elfie33 on Oct 24, 2008 12:49 PM ()
That dividend yield should not be $16.50 - instead it is 16.5 percent. My typo.
comment by jondude on Oct 24, 2008 7:09 AM ()
A good place to park your money while the markets sort out the mess?

LINN ENERGY, LLC (NASDAQ Symbol - LINE)
Last sale: $15.25
Quarterly dividend: $0.63 - $2.52 annually
Dividend yield: $16.50

You can't get a 16.5 percent return on ANYTHING else!

If you want a place to park your money while the economy shakes out the chaff, this stock is it.
comment by jondude on Oct 24, 2008 7:08 AM ()

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