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FatalWishes
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The only I hope I have left is the dollar is strong and second only to the Yen. If the dollar was weak, I'd be worried. The rest of the world is waiting for the US to lead em out of this.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
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FatalWishes
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Stock market plunging into pit of despair
| Quote From Source: | A year after soaring to record high, stock market plunges into pit of despair
SAN FRANCISCO (AP) -- Could it be just a year ago that jubilant investors were celebrating record highs in the stock market?
It almost seems inconceivable now as both Wall Street and Main Street stare into a seemingly bottomless pit of despair that has swallowed up $8.3 trillion in shareholder wealth during the past 366 days.
"We aren't dealing with a fundamental economic issue any longer," said James Paulsen, chief investment strategist for Wells Capital Management. "We are dealing with fear. And that doesn't respond to economic medicine."
That hasn't stopped the U.S. government from trying to find a remedy.
| | Click source url to view entire story. |
Source Yahoo Biz
Source URL:
http://biz.yahoo.com/ap/0810...tdown_stock_market_fear.html
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
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FatalWishes
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Just about everything that is going on in the market right now is historic. New records are being made every day. They will be talking about 2008 for years. That makes this thread sort of historic since it takes us pretty much through the whole thing. I hope we have good back up of it.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
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chrisisasavage
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I'd say we have no idea what's coming next. The markets could bottom out and rebound, they could struggle for a while, then rebound, they could roll over and die. |
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Indy
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Dan.. you post a lot of images. That has to be a top 10. Maybe a top 5.
"I think God gives us children so death won't come as such a disappointment." - Two and a Half Men |
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chrisisasavage
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Yeah, that pic is freaking hillarious. |
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Indy
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Ack. Why did you delete it?
"I think God gives us children so death won't come as such a disappointment." - Two and a Half Men |
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Indy
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The Asian markets have gotten murdered again. The Nikkei and Hang Seng both down over 9%. The FTSE in Europe has bombed right out of the gate and is down over 7% to start the day.
"I think God gives us children so death won't come as such a disappointment." - Two and a Half Men |
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DanG
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thanks dude - and its not deleted, bottom of previous page.
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FatalWishes
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Ladies and Gentlemen, It has been a privilege.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
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DanG
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European markets plunge again; Nikkei plummets
| Quote From Source: | At mid-morning London time, the FTSE 100 index of leading British shares was down 233.84, or 5.4 percent, at 4,079.96, having fallen below the 4,000 mark earlier for the first time in five years. Germany's DAX was 383.70, or 7.9 percent, at 4,503.30, and France's CAC-40 was 209.67, or 6.1 percent lower at 3,233.03.
In Vienna, the stock exchange has been suspended until midday after stocks tumbled 10 percent at the opening bell, and in Russia representatives of the MICEX and RTS exchanges said they suspended regular trading until further notice under orders from financial regulators.
| | Click source url to view entire story. |
http://news.yahoo.com/s/ap/2...10/ap_on_bi_ge/world_markets
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got Cash ? |
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FatalWishes
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| Quoting DanG - posted on 10/10/2008 at 05:13 |
| Quote From Source: | At mid-morning London time, the FTSE 100 index of leading British shares was down 233.84, or 5.4 percent, at 4,079.96, having fallen below the 4,000 mark earlier for the first time in five years. Germany's DAX was 383.70, or 7.9 percent, at 4,503.30, and France's CAC-40 was 209.67, or 6.1 percent lower at 3,233.03.
In Vienna, the stock exchange has been suspended until midday after stocks tumbled 10 percent at the opening bell, and in Russia representatives of the MICEX and RTS exchanges said they suspended regular trading until further notice under orders from financial regulators.
| | Click source url to view entire story. |
http://news.yahoo.com/s/ap/2...10/ap_on_bi_ge/world_markets
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All US Futures are down....big.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
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Indy
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Well don't I feel retarded? 
"I think God gives us children so death won't come as such a disappointment." - Two and a Half Men |
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Indy
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The only thing that could make this crisis worse is a major natural disaster in the US. Maybe an 8.0 quake along the west coast or a 7.0 New Madrid quake. Probably also the worst possible time for a large scale terrorist attack.
"I think God gives us children so death won't come as such a disappointment." - Two and a Half Men |
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DanG
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I'll be taking out some more of my money today.
and another trip to Publix for mo food stuffs also.
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FatalWishes
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The End is Near.
FatalWishes has attached this image:
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
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FatalWishes
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GM, Ford, and Chrysler, May Face Bankruptcy on Slowdown, S&P Says
| Quote From Source: | Oct. 10 (Bloomberg) -- General Motors Corp., Ford Motor Co. and Chrysler LLC may be forced into bankruptcy by slowing economies and dwindling auto sales, Standard & Poor's analyst Robert Schulz said today.
''The macro factors could overwhelm them at some point'' even as the three biggest U.S. automakers remain ''committed'' to turnarounds, Schulz said in a Bloomberg Television interview. S&P yesterday said it may cut GM and Ford debt further into junk on forecasts that 2009 auto sales may be the lowest since 1992.
GM, Ford and Chrysler are under pressure as the worsening global credit crisis makes it harder for buyers to get loans and dealers to finance their operations. U.S. industrywide sales tumbled 27 percent in September, the most in 17 years.
| | Click source url to view entire story. |
Source Bloomberg
Source URL:
http://www.bloomberg.com/app...=amOn5Hu1oRWw&refer=home
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
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FatalWishes
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Cost of U.S. Crisis Action Grows, Along With Debt
| Quote From Source: | Oct. 10 (Bloomberg) -- The global financial crisis is turning into a bigger drain on the U.S. federal budget than experts estimated two weeks ago, ballooning the deficit toward $2 trillion.
Bailouts of American International Group, Fannie Mae and Freddie Mac likely will be more expensive than expected. States are turning to Washington for fiscal help. The Federal Reserve said this week it will begin buying commercial paper, the short- term loans companies used to conduct day-to-day business, further increasing costs. And analysts now say the $700 billion bank- rescue plan passed by Congress last week may have to be significantly larger.
''I always assumed they would be asking for more money along the way if it was necessary, and it looks like it's going to be necessary,'' said Stan Collender, a former analyst for the House and Senate budget committees, now at Qorvis Communications in Washington. ''At the moment, there's nothing happening here that's positive for the budget. Nothing.''
| | Click source url to view entire story. |
Source Bloomberg
Source URL:
http://www.bloomberg.com/app...=anUDEEEP1_M0&refer=home
Umm DuH. Everybody knew they were not solvent. Throwing money at a business that cannot do it is stupid. Yet here we are.
Maybe we should send the executives on another 1/2 million dollar day spa trip to think about how to turn things around.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
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FatalWishes
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FUTURES 8:14 am CST
Dow 8,335.00 -352.00
S&P 500 883.10 -42.40
NASDAQ 1,249.25 -35.75
COMMODITY FUTURES
Oil 82.82 -3.77
Gold 910.50 24.00
Natural Gas 6.70 -0.13
That is a huge jump in Gold.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
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DanG
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I really do hope the dollar holds some of its strengh for awhile... |
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FatalWishes
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Wow that was a rough opening. We are currently 200 down. Quite the range eh?
Day's Range: 7888.48 - ?
That was a low low low....ouch.
I guess we stay afloat a bit longer. I just thought it was going to crash this morning. Talk about a quick recovery!! Bounced hard and fast. Yahoo is screwed up the market is swinging so wildly.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
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DanG
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hell, its in the green right now. |
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FatalWishes
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I think the bear is getting his ass kicked by the bull now for taking such a huge bite out of the market this morning. We are now green. Was 7888 the low? Was it the bottom?
Dropping fast now..back in the red....
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
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DanG
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by the time I typed this, it went red. |
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FatalWishes
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Holy freaking shit. The ^Vix is at 70.36
http://stockcharts.com/h-sc/...p40574660801&a=126579748
Would have been good to buy some SKF on that pullback but I'm staying out of this fray.
They should take the warning labels off of everything and let stupidity sort itself out.
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![[*]](/images/corporate/default_icon.gif){kind=icon}
posted on 10/9/2008 at 21:56
