Dow Tumbles 508: Blame Bernanke, But Not for Lack of Effort

Beat the Dart call it this morning before the fact ... ... The Standard & Poor's 500 index starts at 1,056.89, while in Asia, the Nikkei 225 closed 3.58 percent lower, responding to a turbulent session Monday on Wall Street, where the Dow Jones industrials skidded as much as 800 points before closing with a loss of 370. However, Europe markets rose in Tuesday's morning trading. In Britain, the FTSE-100 rose 1.26 percent, Germany's DAX added 0.04 percent, and France's CAC-40 rose 1.54 percent. Financial markets around the world have taken a negative view of the global economy, believing that government bailouts including the $700 billion plan to rescue battered U.S. banks won't in the near term limit the damage to the banking systems of many countries. ... Not the time to look for bargains. Don't allow them to "talk-you-out-of-your-money."

Well.....my Dad who stays up and drinks all night calls it all the time too.

It is the American public that controls Wall Street - It is not the other way around Until the banks and the government gets the money to the consumer level the housing market and stock market will continue to fall- The consumer cant borrow and cant buy and so the wheels arent turning. We run this country on credit - stop the credit -stop the country.Expect further declines in the economy and Wall Street

The Fed and Bernanke are the cause of the problem in the first place. The housing bubble was the result of low interest rates. All you dumb press people are calling the housing crash the cause, but the housing bubble was the effect of low interest rates, driven by the Fed. The Federal Reserve and US Treasury are at the root of the problem, and now using the same measures to remedy a problem they created. Insanity is doing the same thing, getting the same results and expecting them to be different. You press are all insane because you keep saying the same stupid things.

The Fed and Bernanke are the cause of the problem in the first place. The housing bubble was the result of low interest rates. All you dumb press people are calling the housing crash the cause, but the housing bubble was the effect of low interest rates, driven by the Fed. The Federal Reserve and US Treasury are at the root of the problem, and now using the same measures to remedy a problem they created. Insanity is doing the same thing, getting the same results and expecting them to be different. You press are all insane because you keep saying the same stupid things.

I have been able to steer my ship clear of the carnage by almost 10 months ago moving to treasuries. There is absolutely no reason to cut rates. I hope Bernanke holds this card in his hand until he gets the liquidity crisis in hand. Then you use the cattle prodder (rate cut) Liquidity & interest rates are at different ends of the spectrum

Buy something!! The market is below the support level.It has to rebound so that business and the country wil survive.This country is great in many ways,especially in the savvy of it's people Increase your positions so that you will have a stronger and much more lucrative portfolio when the market rebounds.Now is not the time to be proud or afraid. FEAR TOLERATED IS FAITH CONTAMINATED... Have faith in you and your country.

It looks they started too late.

We are heading for a GREAT RECESSION! BEWARE!

dead money, dead financials, dead market. buy gold, pull cash out of the bank. its extreme ends time. deflation or hyperinflation, be ready for either. paper assets many not recover. Bank of AMerica next shoe to drop when taxpayers refuse more bailouts...RIP to the elite.

Bernanke should be fire for acting so late. We should bring back Greenspan, who knew act immediately. Unlike Bernanke acted so late. Such as today, he only hinted there will be rate cut. Just cut the rate. " action, action". It is prostination of Bernanke causes the downfall of economy. Furthermore, it is also the goverment to blame, for letting gas companies damages this bad. Now the damages are done. They still refuse to lower more gas prices. It is just bad, bad all together. We have Bernanke and President Bush to thanks.

Could be everyone that lost 50% in 2000, in their portfolios and took seven years to make it back, aren't willing to take the same ride down to be in it for the long haul as brokers tout the party line about "staying in the market for the payback that is sure to come". Me I will sit in a cash position and not worry that the market will bounce back in one day and I will miss all the gains. Don't think I am alone. Expect more 500 drops in the days to come as more people exit the market and go to cash or gold. Make sure FDIC is insuring your cash wherever that may be.

When the so many of the american people say don't do it (the bail out) best listen. Their gut said no, the promises made couldn't possibly work, so confidence reached a new low in government. This is the result.

To few now want to take the required steps to restore the Republic and defeat these criminal usurpers of our freedom, liberty and property, but we are early in the war and I hold much faith in my fellow citizens. Before we can really get back to where we need to be - i.e. sound monetary policy, restrained government, Constitutional principles, etc., the Potomac must first run red with the blood of traitors. Amercians! Arm yourselves and prepare to restore the Republic!

someone above said pull money out and under the banks feet, well do it and once the "big'recession is coming, money will ne worthless but stock, even if at all time lows still worth something...come rebound! It's always the fearless who will make money! Dooming is "in" these days, lots of "experts" like to hear themselvs talking, I don't listen, I'M BUYING!!! See '87 and where we got from there!

Fear is driving the market into a ditch. Two years from now the market is going to be strong again. This is the part of the economical cycle that the weak run away from while the tough guys hang on to their hats. Be strong, be positve, think long term and go pick some low priced bargains to buy!!!!!!!

At least I still have my health..... for now....

Balance of trade, the tapped out consumer, derivatives worldwide, debt worldwide. The factors above are the causes, any cures? doubt it

Wall Street and the press need to stop scaring the average person. Newspapers are saying that to survive this crisis, you need to have 5 years liquid captial. How many people have that much availalbe to them? The system is broken, low interest rates did not cause the problem. The problem is the people on Wall Street and the banks that determine the worth of stocks and home based upon their OPINION. What have you ever done on a daily basis at your job to increase or decrease the value of your company by even 1%. I believe the companies that will survive all this are those that are PRIVATE and do not subject themselves to the so-called EXPERTS on Wall Street. Small businesses will die because of Wall Street and all the ecomony will be left with are WalMart type stores, just what Wall Street wants. An economy controlled by a few that destroy the many.

is not the problem the fools who created and the fools that allowed people to borrow what they could not pay back, much like the fix? that coupled with the greed of people who bought overpriced homes with arms, the greed of the people who wrote and approved those overpriced homes and arms, and now a 700 billion arm for all of us.