Stocks plummet again, by over 450 points. Federal Reserve's promise of low interest rates has failed - Polidicks

[release][U]NEW YORK [/U]— Wall Street plunged again Wednesday as investors turned their attention back to the weak global economy and Europe's debt problems. Much of the big gain that followed a Federal Reserve pledge to extend super-low interest rates vanished. The Dow Jones industrial average was lately down over 200 points. The average plummeted more than 300 points within minutes of the opening bell and was down as many as 456 points by late morning. On Tuesday, the Dow gained 429 points after the Fed said it planned to keep interest rates extremely low at least through the middle of 2013. It was the first time the Fed announced such a timetable.[/release] [I]Source: [URL]http://www.msnbc.msn.com/id/44086993/ns/business-stocks_and_economy/#.TkLSAYLw5Ls[/URL][/I]

In real life if this were a rollercoaster it would be an amazing ride to go on.

[QUOTE=mbreunig91;31652129]In real life if this were a rollercoaster it would be an amazing ride to go on.[/QUOTE] [IMG]http://gyazo.com/8b8ccf565dc20e0b41f833ec84eb831a.png[/IMG]

If you chopped off everything until 4th quarter '07 it would actually work as a rollercoaster as well :v:

[QUOTE=Zombii;31652426]If you chopped off everything until 4th quarter '07 it would actually work as a rollercoaster as well :v:[/QUOTE] Q1 2009 would make me puke.

[QUOTE=Protocol7;31652511]Q1 2009 would make me puke.[/QUOTE] I think it did make a few people puke

[QUOTE=viperfan7;31653724]I think it did make a few people puke[/QUOTE] Wouldn't surprise me if it did.

Funny how just yesterday there were people praising the Fed on Facepunch trying to use yesterdays gain to prove that it was a necessary and effective institution.

The stock market has more ups and downs than a 15 year old girl.

I thought I was smelling fish yesterday.

[QUOTE=Strider*;31654897]Funny how just yesterday there were people praising the Fed on Facepunch trying to use yesterdays gain to prove that it was a necessary and effective institution.[/QUOTE] Like I said in the first thread, arbitrarily lowering interest rates only makes the markets [I]seem[/I] strong, not actually become stronger.

At this point, it seems like everything's just giving us enough time to get our affairs in order.

at least we had one day of optimism and hope

I'm just going to repeat what Peter Schiff said a while ago. The tactic of lowering interest rates doesn't work when interest rates are already very low. It would be one thing if they were going from a high number to a low one, but they aren't.

[QUOTE=yawmwen;31656706]at least we had one day of optimism and hope[/QUOTE]Yeah okay, look someone in the eyes and say 'The economy is going back up!'

I don't understand why the government and everyone continues to do the same shit as before. Clearly it isn't fucking working and something else needs to be done. Get loans with interest that holds middle grown, not to expensive not to cheap. Increase taxes (tax big companies and mega rich way more.) Cut spending in areas that are not needed (Does not even need to be one sector, do small cuts in many areas to get the same benefit without the hurt of cutting one thing back so harshly.) Pay cuts for certain government officials (Senators and representatives)

I can't even get a job. Then I see stuff like this and just, fuck.

[QUOTE=MightyMax;31657289]Yeah okay, look someone in the eyes and say 'The economy is going back up!'[/QUOTE] i said that meaning yesterday we had a day that looked a bit optimistic.

Saw this coming. And posted it, too!

Who guessed it. [QUOTE=dbk21894;31628175]Expected as much. It will dip again.[/QUOTE] Oh look, I did. [editline]10th August 2011[/editline] Looks like you did too :smith:

If you take a shit in the toilet, the fucking stocks would go up by 0.005 points.

[IMG]http://www.freedomsphoenix.com/Uploads/Graphics/001-0917145001-End-the-Fed-Book-Cover.jpg[/IMG] :v:

[QUOTE=POLOPOZOZO;31659787][IMG]http://www.freedomsphoenix.com/Uploads/Graphics/001-0917145001-End-the-Fed-Book-Cover.jpg[/IMG] :v:[/QUOTE] Lets go all or nothing on this. Because honestly, atleast he is [b]TRYING[/b] to do something different.

[QUOTE=dbk21894;31659611]Who guessed it. Oh look, I did. [editline]10th August 2011[/editline] Looks like you did too :smith:[/QUOTE] Yeah, I did. [editline]10th August 2011[/editline] [QUOTE=Mr.Goodcat;31660317]Lets go all or nothing on this. Because honestly, atleast he is [b]TRYING[/b] to do something different.[/QUOTE] Sorry, I still wouldn't vote for Ron Paul.

[QUOTE=Protocol7;31652394][IMG]http://gyazo.com/8b8ccf565dc20e0b41f833ec84eb831a.png[/IMG][/QUOTE] How the fuck did we manage to get out of the crash in 2008-2009? I don't recall that period of time very well.

I'm just saying. It's generally a good idea to keep people over 65 out of the presidency.

[QUOTE=LSK;31661771]How the fuck did we manage to get out of the crash in 2008-2009? I don't recall that period of time very well.[/QUOTE] Stimulus spending.

[QUOTE=5killer;31662008]Stimulus spending.[/QUOTE] It's true, deficit spending can help you out, believe it or not.

[QUOTE=Megafanx13;31660518] Sorry, I still wouldn't vote for Ron Paul.[/QUOTE] if someone put a gun to my head and told me to vote republican, i would probably vote ron paul

[QUOTE=yawmwen;31663464]if someone put a gun to my head and told me to vote republican, i would probably vote ron paul[/QUOTE] With a gun? If I'm being held at gunpoint I'll vote Palin if they want me to, that's a silly thing to say. If you mean "gun to your head" as an expression to pick a Republican, then yes I'd probably pick Ron Paul as well.