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	<title>Comments on: Dow Drops Below 7,600: Goal 6,000?</title>
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		<title>By: Kurt</title>
		<link>http://firedoglake.com/2008/11/20/dow-drops-below-7600-goal-6000/#comment-1733916</link>
		<dc:creator>Kurt</dc:creator>
		<pubDate>Fri, 21 Nov 2008 13:35:20 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2008/11/20/dow-drops-below-7600-goal-6000/#comment-1733916</guid>
		<description>&lt;p&gt;If you listened to Limbaugh, you would know his view on running for public office. That being…he won’t as he can’t afford the pay cut.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>If you listened to Limbaugh, you would know his view on running for public office. That being…he won’t as he can’t afford the pay cut.</p>
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		<title>By: Kurt</title>
		<link>http://firedoglake.com/2008/11/20/dow-drops-below-7600-goal-6000/#comment-1733915</link>
		<dc:creator>Kurt</dc:creator>
		<pubDate>Fri, 21 Nov 2008 13:34:00 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2008/11/20/dow-drops-below-7600-goal-6000/#comment-1733915</guid>
		<description>&lt;p&gt;Huh? Your sentence doesn’t make sense&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Huh? Your sentence doesn’t make sense</p>
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		<title>By: DBaker</title>
		<link>http://firedoglake.com/2008/11/20/dow-drops-below-7600-goal-6000/#comment-1733592</link>
		<dc:creator>DBaker</dc:creator>
		<pubDate>Fri, 21 Nov 2008 06:40:41 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2008/11/20/dow-drops-below-7600-goal-6000/#comment-1733592</guid>
		<description>&lt;p&gt;All &lt;em&gt;Media Matters&lt;/em&gt; does is provide verbatim quotes as well as audio if Mr. Limbaugh says something of note that might find its way into the general discourse via Drudge, an English newspaper (Murdoch has a way of doing that sometimes) to our regular media folk.  Bob Somerby famously calls this “the script”.&lt;/p&gt;
&lt;p&gt;I read &lt;em&gt;National Review&lt;/em&gt; and &lt;em&gt;Townhall&lt;/em&gt;, for example, thank you very much, and I have to tell you that their material is generally poorly sourced, misleadingly sourced, or both.&lt;/p&gt;
&lt;p&gt;While other commenters on this board do have a tendency to use derogatory nicknames, I am not one to do so (although sometimes it is very, very tempting)&lt;/p&gt;
&lt;p&gt;I posted an article from a Milwaukee magazine last week, which gave a behind the scenes look from a Program Director how righty talk radio manipulates their audience.  Mike Stark has proven several times that Limbaugh and Hannity both operate in a similar fashion.&lt;/p&gt;
&lt;p&gt;If you are yourself with enough facts, the things that Limbaugh says sometimes are great comedy.  That’s why &lt;a href=&quot;http://www.sadlyno.com/&quot; rel=&quot;nofollow&quot;&gt;Sadly No!&lt;/a&gt; is one of my favorite blogs - they usually are spot on why you people on the right (I know I am making an assumption here - correct me if I am wrong- but the “Soros funded” quote is a dead giveaway, it’s been thoroughly debunked) evoke so much snark when you’re attempting to make a serious argument.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>All <em>Media Matters</em> does is provide verbatim quotes as well as audio if Mr. Limbaugh says something of note that might find its way into the general discourse via Drudge, an English newspaper (Murdoch has a way of doing that sometimes) to our regular media folk.  Bob Somerby famously calls this “the script”.</p>
<p>I read <em>National Review</em> and <em>Townhall</em>, for example, thank you very much, and I have to tell you that their material is generally poorly sourced, misleadingly sourced, or both.</p>
<p>While other commenters on this board do have a tendency to use derogatory nicknames, I am not one to do so (although sometimes it is very, very tempting)</p>
<p>I posted an article from a Milwaukee magazine last week, which gave a behind the scenes look from a Program Director how righty talk radio manipulates their audience.  Mike Stark has proven several times that Limbaugh and Hannity both operate in a similar fashion.</p>
<p>If you are yourself with enough facts, the things that Limbaugh says sometimes are great comedy.  That’s why <a href="http://www.sadlyno.com/" rel="nofollow">Sadly No!</a> is one of my favorite blogs &#8211; they usually are spot on why you people on the right (I know I am making an assumption here &#8211; correct me if I am wrong- but the “Soros funded” quote is a dead giveaway, it’s been thoroughly debunked) evoke so much snark when you’re attempting to make a serious argument.</p>
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		<title>By: sunshine</title>
		<link>http://firedoglake.com/2008/11/20/dow-drops-below-7600-goal-6000/#comment-1733379</link>
		<dc:creator>sunshine</dc:creator>
		<pubDate>Fri, 21 Nov 2008 03:35:18 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2008/11/20/dow-drops-below-7600-goal-6000/#comment-1733379</guid>
		<description>&lt;p&gt;When schrub &amp; shooter came into office oil was in the $20.’s The previous 8 years only saw oil raise about $10. a barrell.&lt;/p&gt;
&lt;p&gt;HISTORY OF ILLINOIS BASIN POSTED CRUDE OIL PRICES&lt;br /&gt;
Crude Oil Price&lt;br /&gt;
Chart from 1977 to 2003&lt;br /&gt;
Monthly Price Chart 1998 to July 2006&lt;br /&gt;
History &amp; Analysis of Crude Oil Prices from WTRG Economics&lt;br /&gt;
Year, Month, Monthly Average, and Yearly Average&lt;/p&gt;
&lt;p&gt;2008&lt;/p&gt;
&lt;p&gt;January $84.70 July $126.16&lt;br /&gt;
February $86.64 August $108.46&lt;br /&gt;
March $96.87 September $96.13&lt;br /&gt;
April $104.31 October&lt;br /&gt;
May $117.40 November&lt;br /&gt;
June $126.33 December&lt;br /&gt;
    2008 Average* $105.22 &lt;/p&gt;
&lt;p&gt;                                                                                                    *Through September&lt;/p&gt;
&lt;p&gt;2007&lt;/p&gt;
&lt;p&gt;January $46.53 July $65.96&lt;br /&gt;
February $51.36 August $64.23&lt;br /&gt;
March $52.64 September $70.94&lt;br /&gt;
April $56.08 October $77.56&lt;br /&gt;
May $55.43 November $86.92&lt;br /&gt;
June $59.25 December $83-46&lt;br /&gt;
    2007 Average $64.20 &lt;/p&gt;
&lt;p&gt;2006&lt;/p&gt;
&lt;p&gt;January $58.30 July $66.28&lt;br /&gt;
February $54.65 August $64.93&lt;br /&gt;
March $55.42 September $55.73&lt;br /&gt;
April $62.50 October $50.98&lt;br /&gt;
May $62.94 November $50.98&lt;br /&gt;
June $62.85 December $54.06&lt;br /&gt;
    2006 Average $58.30 &lt;/p&gt;
&lt;p&gt;2005&lt;/p&gt;
&lt;p&gt;January $42.21 July $52.13&lt;br /&gt;
February* $42.91/$41.11 August $58.07&lt;br /&gt;
March* $48.55/$47.80 September $58.56&lt;br /&gt;
April* $46.63/$46.38 October $55.12&lt;br /&gt;
May* $43.27/$43.02 November $51.18&lt;br /&gt;
June* $49.56/$49.80 December $52.31&lt;br /&gt;
    2005 Average* $50.04/$49.81 &lt;/p&gt;
&lt;p&gt;*From February through June the posted price was not the same for all three crude purchasers in the Illinois Basin.  The first price is Countrymark Coop posted price average, the second price is Plains/Bi-Petro posted price average. &lt;/p&gt;
&lt;p&gt;2004&lt;/p&gt;
&lt;p&gt;January $30.87 July $36.25&lt;br /&gt;
February $31.03 August $40.67&lt;br /&gt;
March $33.48 September $41.25&lt;br /&gt;
April $33.08 October $48.71&lt;br /&gt;
May $36.31 November $44.30&lt;br /&gt;
June $33.80 December $39.20&lt;br /&gt;
    2004 Average $37.41 &lt;/p&gt;
&lt;p&gt;2003&lt;/p&gt;
&lt;p&gt;January $29.44 July $27.39&lt;br /&gt;
February $32.13 August $28.33&lt;br /&gt;
March $30.26 September $25.14&lt;br /&gt;
April $25.22 October $27.07&lt;br /&gt;
May $23.61 November $27.66&lt;br /&gt;
June $27.23 December $28.83&lt;br /&gt;
    2003 Average $27.69 &lt;/p&gt;
&lt;p&gt;2002&lt;/p&gt;
&lt;p&gt;January $16.65 July $23.69&lt;br /&gt;
February $18.88 August $24.90&lt;br /&gt;
March $20.97 September $26.28&lt;br /&gt;
April $22.83 October $25.38&lt;br /&gt;
May $23.79 November $22.92&lt;br /&gt;
June $22.16 December $25.25&lt;br /&gt;
    2002 Average $22.81 &lt;/p&gt;
&lt;p&gt;2001&lt;/p&gt;
&lt;p&gt;January $28.66 July $23.58&lt;br /&gt;
February $26.72 August $24.08&lt;br /&gt;
March $23.96 September $20.82&lt;br /&gt;
April $26.77 October $19.04&lt;br /&gt;
May $25.44 November $16.45&lt;br /&gt;
June $24.27 December $16.21&lt;br /&gt;
    2001 Average $23.00 &lt;/p&gt;
&lt;p&gt;2000&lt;/p&gt;
&lt;p&gt;January $24.11 July $27.17&lt;br /&gt;
February $26.54 August $28.27&lt;br /&gt;
March $27.44 September $30.88&lt;br /&gt;
April $22.99 October $30.01&lt;br /&gt;
May $26.06 November $31.16&lt;br /&gt;
June $28.57 December $25.50&lt;br /&gt;
    Yearly total Average $27.40 &lt;/p&gt;
&lt;p&gt;Cut backs on imports, reformulated gasoline, and taxes caused record high gasoline prices in Midwest, reaching over $2.00 per gallon.  Saudi Arabia wanting to boost import levels but other OPEC nations against it. (June &amp; July)&lt;/p&gt;
&lt;p&gt;&lt;a href=&quot;http://www.ioga.com/Special/crudeoil_Hist.htm&quot; rel=&quot;nofollow&quot;&gt;http://www.ioga.com/Special/crudeoil_Hist.htm&lt;/a&gt;&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>When schrub &amp; shooter came into office oil was in the $20.’s The previous 8 years only saw oil raise about $10. a barrell.</p>
<p>HISTORY OF ILLINOIS BASIN POSTED CRUDE OIL PRICES<br />
Crude Oil Price<br />
Chart from 1977 to 2003<br />
Monthly Price Chart 1998 to July 2006<br />
History &amp; Analysis of Crude Oil Prices from WTRG Economics<br />
Year, Month, Monthly Average, and Yearly Average</p>
<p>2008</p>
<p>January $84.70 July $126.16<br />
February $86.64 August $108.46<br />
March $96.87 September $96.13<br />
April $104.31 October<br />
May $117.40 November<br />
June $126.33 December<br />
    2008 Average* $105.22 </p>
<p>                                                                                                    *Through September</p>
<p>2007</p>
<p>January $46.53 July $65.96<br />
February $51.36 August $64.23<br />
March $52.64 September $70.94<br />
April $56.08 October $77.56<br />
May $55.43 November $86.92<br />
June $59.25 December $83-46<br />
    2007 Average $64.20 </p>
<p>2006</p>
<p>January $58.30 July $66.28<br />
February $54.65 August $64.93<br />
March $55.42 September $55.73<br />
April $62.50 October $50.98<br />
May $62.94 November $50.98<br />
June $62.85 December $54.06<br />
    2006 Average $58.30 </p>
<p>2005</p>
<p>January $42.21 July $52.13<br />
February* $42.91/$41.11 August $58.07<br />
March* $48.55/$47.80 September $58.56<br />
April* $46.63/$46.38 October $55.12<br />
May* $43.27/$43.02 November $51.18<br />
June* $49.56/$49.80 December $52.31<br />
    2005 Average* $50.04/$49.81 </p>
<p>*From February through June the posted price was not the same for all three crude purchasers in the Illinois Basin.  The first price is Countrymark Coop posted price average, the second price is Plains/Bi-Petro posted price average. </p>
<p>2004</p>
<p>January $30.87 July $36.25<br />
February $31.03 August $40.67<br />
March $33.48 September $41.25<br />
April $33.08 October $48.71<br />
May $36.31 November $44.30<br />
June $33.80 December $39.20<br />
    2004 Average $37.41 </p>
<p>2003</p>
<p>January $29.44 July $27.39<br />
February $32.13 August $28.33<br />
March $30.26 September $25.14<br />
April $25.22 October $27.07<br />
May $23.61 November $27.66<br />
June $27.23 December $28.83<br />
    2003 Average $27.69 </p>
<p>2002</p>
<p>January $16.65 July $23.69<br />
February $18.88 August $24.90<br />
March $20.97 September $26.28<br />
April $22.83 October $25.38<br />
May $23.79 November $22.92<br />
June $22.16 December $25.25<br />
    2002 Average $22.81 </p>
<p>2001</p>
<p>January $28.66 July $23.58<br />
February $26.72 August $24.08<br />
March $23.96 September $20.82<br />
April $26.77 October $19.04<br />
May $25.44 November $16.45<br />
June $24.27 December $16.21<br />
    2001 Average $23.00 </p>
<p>2000</p>
<p>January $24.11 July $27.17<br />
February $26.54 August $28.27<br />
March $27.44 September $30.88<br />
April $22.99 October $30.01<br />
May $26.06 November $31.16<br />
June $28.57 December $25.50<br />
    Yearly total Average $27.40 </p>
<p>Cut backs on imports, reformulated gasoline, and taxes caused record high gasoline prices in Midwest, reaching over $2.00 per gallon.  Saudi Arabia wanting to boost import levels but other OPEC nations against it. (June &amp; July)</p>
<p><a href="http://www.ioga.com/Special/crudeoil_Hist.htm" rel="nofollow">http://www.ioga.com/Special/crudeoil_Hist.htm</a></p>
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		<title>By: sunshine</title>
		<link>http://firedoglake.com/2008/11/20/dow-drops-below-7600-goal-6000/#comment-1733374</link>
		<dc:creator>sunshine</dc:creator>
		<pubDate>Fri, 21 Nov 2008 03:26:06 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2008/11/20/dow-drops-below-7600-goal-6000/#comment-1733374</guid>
		<description>&lt;p&gt;I like this page better.&lt;/p&gt;
&lt;p&gt;March 31, 1946 $1.37 &lt;/p&gt;
&lt;p&gt;&lt;a href=&quot;http://www.ioga.com/Special/crudeoil_Hist.htm&quot; rel=&quot;nofollow&quot;&gt;http://www.ioga.com/Special/crudeoil_Hist.htm&lt;/a&gt;&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>I like this page better.</p>
<p>March 31, 1946 $1.37 </p>
<p><a href="http://www.ioga.com/Special/crudeoil_Hist.htm" rel="nofollow">http://www.ioga.com/Special/crudeoil_Hist.htm</a></p>
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		<title>By: MarkH</title>
		<link>http://firedoglake.com/2008/11/20/dow-drops-below-7600-goal-6000/#comment-1733370</link>
		<dc:creator>MarkH</dc:creator>
		<pubDate>Fri, 21 Nov 2008 03:09:25 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2008/11/20/dow-drops-below-7600-goal-6000/#comment-1733370</guid>
		<description>&lt;blockquote&gt;&lt;p&gt;If they were in full control they would never have let it break support at 8000&lt;/p&gt;&lt;/blockquote&gt;
&lt;p&gt;rice for dinner: Nobody could have expected this…&lt;/p&gt;</description>
		<content:encoded><![CDATA[<blockquote><p>If they were in full control they would never have let it break support at 8000</p>
</blockquote>
<p>rice for dinner: Nobody could have expected this…</p>
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		<title>By: MarkH</title>
		<link>http://firedoglake.com/2008/11/20/dow-drops-below-7600-goal-6000/#comment-1733369</link>
		<dc:creator>MarkH</dc:creator>
		<pubDate>Fri, 21 Nov 2008 03:08:20 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2008/11/20/dow-drops-below-7600-goal-6000/#comment-1733369</guid>
		<description>&lt;blockquote&gt;&lt;p&gt;Have you ever listened to Limbaugh?&lt;/p&gt;&lt;/blockquote&gt;
&lt;p&gt;Yes. And, if he runs for president it won’t matter how much his true believer followers suck up to him he will just show himself to be another annoying flash in the pan. He won’t get to Iowa.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<blockquote><p>Have you ever listened to Limbaugh?</p>
</blockquote>
<p>Yes. And, if he runs for president it won’t matter how much his true believer followers suck up to him he will just show himself to be another annoying flash in the pan. He won’t get to Iowa.</p>
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		<title>By: MarkH</title>
		<link>http://firedoglake.com/2008/11/20/dow-drops-below-7600-goal-6000/#comment-1733368</link>
		<dc:creator>MarkH</dc:creator>
		<pubDate>Fri, 21 Nov 2008 03:07:04 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2008/11/20/dow-drops-below-7600-goal-6000/#comment-1733368</guid>
		<description>&lt;blockquote&gt;&lt;p&gt;The current economic crisis had little to do with W, with the exception of his idiotic bailout idea..this has been car crash waiting to happen for years now and just reached a head.&lt;/p&gt;&lt;/blockquote&gt;
&lt;p&gt;And it just happened now because of the crisis and the crisis isn’t being dealt with properly by Paulson who answers to W. Hmmm.&lt;/p&gt;
&lt;p&gt;Do you believe in fairies?&lt;/p&gt;</description>
		<content:encoded><![CDATA[<blockquote><p>The current economic crisis had little to do with W, with the exception of his idiotic bailout idea..this has been car crash waiting to happen for years now and just reached a head.</p>
</blockquote>
<p>And it just happened now because of the crisis and the crisis isn’t being dealt with properly by Paulson who answers to W. Hmmm.</p>
<p>Do you believe in fairies?</p>
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		<title>By: PascoBill</title>
		<link>http://firedoglake.com/2008/11/20/dow-drops-below-7600-goal-6000/#comment-1733367</link>
		<dc:creator>PascoBill</dc:creator>
		<pubDate>Fri, 21 Nov 2008 03:06:55 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2008/11/20/dow-drops-below-7600-goal-6000/#comment-1733367</guid>
		<description>&lt;p&gt;Support is an imaginary “floor” below prices.  Typically, if support holds, prices don’t drop below support, at least not without a fight.  Support exists “technically” if price has been at that level before, and demonstrated that there is support by not dropping through.  If that has happened once or more times, then traders and speculators know about it, and tend to buy those lows, or liquidate their shorts at or above those lows.&lt;/p&gt;
&lt;p&gt;In the case of the Dow Jones Industrial Average, in October of 2002, the index moved down to about 7,200, then recovered from those lows.  (actually, it made kind of an inverted head-and-shoulders with shoulders around 7,500 - minor support levels).  Before that, price had dropped and headed back up right around 8,000 (September, 2001).  So, with 8,000 taken out, and sitting at 7,500, the next target is around 7,200, and then… you have to go back to the rise in the late ’90s, and no support levels were established.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Support is an imaginary “floor” below prices.  Typically, if support holds, prices don’t drop below support, at least not without a fight.  Support exists “technically” if price has been at that level before, and demonstrated that there is support by not dropping through.  If that has happened once or more times, then traders and speculators know about it, and tend to buy those lows, or liquidate their shorts at or above those lows.</p>
<p>In the case of the Dow Jones Industrial Average, in October of 2002, the index moved down to about 7,200, then recovered from those lows.  (actually, it made kind of an inverted head-and-shoulders with shoulders around 7,500 &#8211; minor support levels).  Before that, price had dropped and headed back up right around 8,000 (September, 2001).  So, with 8,000 taken out, and sitting at 7,500, the next target is around 7,200, and then… you have to go back to the rise in the late ’90s, and no support levels were established.</p>
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		<title>By: RenealaCarte</title>
		<link>http://firedoglake.com/2008/11/20/dow-drops-below-7600-goal-6000/#comment-1733366</link>
		<dc:creator>RenealaCarte</dc:creator>
		<pubDate>Fri, 21 Nov 2008 02:59:53 +0000</pubDate>
		<guid isPermaLink="false">http://firedoglake.com/2008/11/20/dow-drops-below-7600-goal-6000/#comment-1733366</guid>
		<description>&lt;p&gt;Part of the auto bailout out plan should be that all the executives at the big 3 start working for minimum wage until all the money is payed back.&lt;/p&gt;
&lt;p&gt;It seems that the Republican, as they always do, are looking for a way to destroy the UAW. It’s not enough that they have pretty much eliminated the middle class in the last 8 years, they want to destroy the institutions that can help the middle class recover.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Part of the auto bailout out plan should be that all the executives at the big 3 start working for minimum wage until all the money is payed back.</p>
<p>It seems that the Republican, as they always do, are looking for a way to destroy the UAW. It’s not enough that they have pretty much eliminated the middle class in the last 8 years, they want to destroy the institutions that can help the middle class recover.</p>
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