Stock Market Crash?

Four Suns

Four Suns

Not a pot stirrer
TECHNICAL Contributor
Oct 4, 2006
10,533
Williamsburg, VA
Boat Info
2003 480 DB
Engines
QSM-11 Diesels
Anyone want to guess where the Dow will end up tomorrow?

I bet down 1000 points...
 
A disaster of biblical proportions, real wrath of God type stuff.
Fire and brimstone coming down from the skies! Rivers and seas boiling!
Forty years of darkness! Earthquakes, volcanoes...
The dead rising from the grave! Human sacrifice, dogs and cats living together... mass hysteria!

Ghostbusters-Photograph-C12119601.jpg
 
and Merrill.... and AIG.... Merrill just got bought by B of A...

disaster...
 
tomorrow is going to be a bath... Maybe the guy a couple slips down from me will be able to get that 40 ft regal he's been wanting because all he talks about is shorting stocks! *rolleyes*
 
b of a is getting a lot like Mr. Potter up there in Bedford falls.
 
W & his gang are centainly going to hand someone a mess. Story on NPR this morning about the SEC Chairman seemingly not doing anything to correct naked short selling fraud, even implimenting a cover for 19 of the big houses.
 
ImpulseIII said:
All because of Lehman Brothers??
Click to expand...

Man. . . .and when I read that news I thought "FINALLY!! Someone going under that we, the taxpayer, are NOT going to bail out.".

In terms of the "mess" that is going to be left to the next administration. . .heh. . this is (in part) what happens when you have a cotton candy and popcorn economic program (i.e. tax cuts combined with upward spirally spending)
 
I may have to downgrade to a 185 Sport after all of this. :smt021

BTW..............I would expect the new market halt strategy will not help much today if things start going south quickly. I about fell off my chair when I read this change effective at the beginning of this year ( in other words why even have safeguards if they look like this ???????)

The New York Stock Exchange has set its criteria for trading halts in the event of a steep
market drop, making only slight changes for the first quarter from the fourth, according to data on the NYSE Web site.
For the first quarter, circuit breakers will kick in if there is a drop of 1,350 points, or 10 percent, in the Dow Jones industrial average.
There will be a one-hour halt in trading if the drop happens before 2 p.m., a 30-minute halt if the decline occurs between 2 p.m. and 2.30 p.m., and no halt after 2.30 p.m., according to the NYSE.
If the Dow drops 2,700 points or 20 percent, there will be a two-hour halt if it happens before 1 p.m., a one-hour halt if the slide occurs between 1 p.m. and 2 p.m. and the market will
halt for the rest of the day if the slide happens after 2 p.m.
A plunge of 4,000 points or 30 percent -- no matter what time it occurs -- would result in the market being closed for the day. The previous trigger was slightly higher at 4,050 points.
 
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It's called taking the stair steps up and the elevator down...

Looks like oil is falling even more today. Down about 5% already this morning. I think Lehman has (or had) a big hedge fund and those bastards are responsible for a lot of these market swings. I wonder how much oil is scheduled to be delivered to Lehman and where they are going to store it now...
 
I want to see people being hauled in handcuffs... from the corner gas station owner who can't hide behind his mickey mouse LLC and try and rip off people in times of crises to hedge fund traders starting rumors to short stocks to "government backed" loan company executives taking home $20M severance packages after cooking the books for their business the tax payers have to pay for now.
 
Oh... and AIG wants the federal government to loan it $50B this morning as a "bridge loan". HUH?! WTF! How about if they get that we haul off some fed people in handcuffs.
 
Thanks for all this good news so early in the morning Gary.:smt043

You know it times like this when I wish I still had a job with a paycheck instead of having to deal with living off a retirement portfolio which continues to take a beating.

I wonder how much Wal Mart pays for a Door Greeter? :wow:
 
Dave S said:
Thanks for all this good news so early in the morning Gary.:smt043

You know it times like this when I wish I still had a job with a paycheck instead of having to deal with living off a retirement portfolio which continues to take a beating.

I wonder how much Wal Mart pays for a Door Greeter? :wow:
Click to expand...

Are you old enough to be a greeter???
 
Four Suns said:
It's called taking the stair steps up and the elevator down...

Looks like oil is falling even more today. Down about 5% already this morning. I think Lehman has (or had) a big hedge fund and those bastards are responsible for a lot of these market swings. I wonder how much oil is scheduled to be delivered to Lehman and where they are going to store it now...
Click to expand...

Very intresting Gary, They have spun the " low Ike damage" reason for it.....
 
Four Suns said:
Anyone want to guess where the Dow will end up tomorrow?

I bet down 1000 points...
Click to expand...

I hope you are wrong, but I am afraid it will take a big slide. I am thinking around 700 - 750

I know with my investments alone in the past two years and even changing strategies, all keep going down. And apparently it is not just myself who is losing with their investments... so it really makes me question the vogue concept of changing the Social Security to investment securities. I see to many possibilities to "churn" investments, even though "Churning is illegal. I am sure a way will be found around this. Just think churn 100 or more billions dollars regularly at the profits created. It would be a money well, better then even a money tree.
 
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