Stocks swoon as dollar falls, gold jumps »

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  not2needy

  March 13, 2008, 11:04 a.m.

  FTA:

  Investors were also getting their first look at a plan outlined by Treasury Secretary Henry Paulson to provide stronger regulatory oversight of mortgage lenders, whose lax standards are blamed for touching off the concerns about souring debt that have led to turmoil in the credit markets.

  But talk of regulatory changes appeared to do little to dislodge the glum mood on Wall Street. A government report showing that retail sales fell in February rather than increasing as had been expected only added to investors' worries.

  I think i will hold onto the gold i have! This is scary as hell.
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  texangelwings

  March 13, 2008, 12:05 p.m.

  This really bad news for the dollar!

  Thanks not2needy!
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  bluetexasvalley

  March 13, 2008, 1:21 p.m.

  So sorry to hear that about the Carlyle Group. /sarcasm off ;-)
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  jovial

  March 13, 2008, 3:04 p.m.

  Remember all those stories submitted by conservatives on how good the economy was under Bush. More mass deception. They would also like you to believe things are better in Iraq as well. Keep your eye on gold and the value of the dollar. Those are key factors in determining where the economy is headed. I would say oil too, but that price is being manipulated. So oil prices are not too dependable as a gauge. The oil companies are taking less profit on a barrel as a favor to this administration until the election is over in November. The spike you see now is unavoidable, but we are still geting a break in the price. My prediction is that gas will be $5.00 a gal by Dec '08 or no later than Mar'08. Gold will continue to climb. The dollar will fall some more depending on how much money Bernanke throws at the economy over the next few months. BTW, get rid of those gas-guzzling SUV's now while you still have a chance.
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  Charlson

  March 13, 2008, 3:57 p.m.

  Swoon? Head over heels swoon? Or was that swish, swoon?
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  joeblowe

  March 13, 2008, 4:18 p.m.

  I can point right straight at ONE of the problems: The damned media. A headline right here on Netscape: "Retail Sales Plunge .6%" Now I have to ask, who in the hell is it that thinks a decline of 6 TENTHS of ONE percent is a PLUNGE? SOMEONE is a total freaking IDIOT. No, wait, NOT an idiot. More like a MORON. It would take years of hard study for the author of that headline to be promoted to "idiot." SIX TENTHS OF ONE PERCENT? A PLUNGE? Jesus Hornblower Christ! To put that into perspective, if you had $100.00 and suffered a "olunge" of .6% of your holdings, you would "only" have $ 99.40. Not even ONE full percentage, and that's a PLUNGE? The media needs to STOP with the damned sensationalizing of EVERY stinking story and just REPORT the news, not try to pump it up so that it SEEMS significant.
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  buckheadd

  March 13, 2008, 10:04 p.m.

  VELL i am just glad i as as rich as SUPERB. i got 13000000000000 bazillion dollas. how mcuh u got guyz?Z????? and btw i c some LUV LUV LUV LUV LUV IN DA AIR

  BEAU7890 HAS A HUGE CRUSH ON JOVIAL!!!!...
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  bruhaha

  March 13, 2008, 10:57 p.m.

  Greenspan said that there was no problem and urged the policies that led to this mess. Any claim otherwise is nothing other that Greenspan trying to re-write history.
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  bal2268

  March 26, 2008, 2:18 a.m.

  I think tomorrow may be gold falls and dollar jumps
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