are we finally getting a meaning full correction on wall street??

Answer 1

"meaning full" I like that. Shows character. I am sure that several of the hedge funds got the full meaning of the correction. It was nice the the fed jumped in to save their bacon. Of course if you are giving hundreds of thousands in campaign contributions, you do have a right to expect something in return. I expect is was many of these hedge funds attempting to unravel their positions that unraveled the market. Such is life.

Now for the question at hand. This meaninful correction may not be over yet despite the fed's intervention. Too many structural weaknesses in the economy to be propped up with free money at this point, I think.

Answer 2

no

correction doesn't even begin to apply until the market averages close down 10% from their highs. full correction is more like 20%.

this last bit didn't make it.

so, no.

***
when will we get one?

i do not know.

it might be around summer 2009 ... if taxes are raised to ''pay for" massive spending programs like universal healthcare there will be a serious market correction.

and, btw, after that? -- tax collections won't be as high as they were predicted to be and the deficit will be bigger than ever.

but, hey!! we'll finally be doing something about the stinkin' tobacco industry -- putting it to those [deleted]s for all the lies, damage, and pure evil they've inflicted on defenseless Americans. Right??

[sarcastic grin] 8-}

Answer 3

the fed shouldnot have bailed out wallstreet.ppl hate government involvement unless it has to do with their $$$$........the $20 mil/yr hedgefund managers are happy now...so is jim cramer.

Answer 4

we were...but the fed messed everything up.

Answer 5

Yes. (From 14,000 to 13,000)