Stocks Wipe Out As Fears Grow

Well, with 15 minutes left, I don't think today will be the day the stock market crashes.

maybe not today but the economy is definitely not looking good. if it doesn't crash today or this week then im sure it will sometime soon.

Tempory reprive based on "rumors" from the government and some last minute interventions from China and Britian!!! Here is the thing when is the finicial markets going to come off life support? So every day the government is going to pump more "cash" into the system and countries change laws on how people can buy and sell stock? Will the FED ever just fail? Seems like they are taking loans out to give loans to these companies?!?
I just do not get how this is all going to work out in the end???

not sure if this will show up or not but i found a chart that diagrams the breakers if anyone is interested. just happened to come across it




on 10% fall/1200 pts

before 2pm - 1 hr halt

bt 2-2:30 - 30min halt

after 2:30 - no halt


on 20% fall/2400 pts

before 1 - 2 hr halt

bt 1-2 - 1 hr halt

after 2 - market closes


in the event of a 30% decline (3600pts) the market closes for the day



[edit on 18-9-2008 by Frank8]

Not today, not tomorrow and not in your lifetime. The economy, the government and their immortal patron are far too strong and rich too fail. A market crash is just a pipe dream. What you are watching is just the robbers being robbed, not a crash.

The people who thought my economy was a paper scam, they'll crash and burn, but the people who recognize this bonafide opportunity that I have offered to them, will be just fine.

You maniacs should really wait until the store shelves are empty before you start the talk about the Dollar being worthless. Overtherwise you just sound foolish.

You guys are like that Tesla guy says; you think deeply, but not clearly.

Well some of the world markets didnt fare too well today. Did anyone see what the DOW did tho? It closed UP 410 points or almost 4 percent!! WOW! What a roller coaster that thing has been on all week...one day way up, one day way down, then way up again. Thats the market for ya though and SPECULATION drives a lot of it.

Wait a minute everyone! What is all of this talk of collapse and financial market stress? I thought it was just a figment of our overactive imaginations? Isn't that what a prominent republican from Texas recently stated?

Yeah, we must all have one hell of an active imagination now.

It will be interesting to see how things pan out come early next week. It will be very important to see what direction this market takes.

As for a crash, well, I guess that depends on what you deem as a 'crash'. If you are looking for an 80% plummet to construe a crash then you probably won't see it. However, if you consider in the actual rate of inflation, along with the degredation of the dollar and current administrative spending practices in illegal wars....well, then maybe this is simply a small part of a much bigger picture. This is what I feel is the real crash.

Our debt is going to drown this nation and bring with it quite a few others. Kudos to the war profiteers! You did it!

Originally posted by Frank8
not sure if this will show up or not but i found a chart that diagrams the breakers if anyone is interested. just happened to come across it

HA!!! So those guys posting yesterday about circuit breakers were wrong. It the stock market starts to go downhill after 2:30pm, there is NO stopping it. Unless it drops past a 2400-point decline, then the market just closes, if it's after 2:00pm.


[edit on 18-9-2008 by MatrixBaller04]

I took everything I had today and dumped it into TCBK. 134,000 shares in a small bank stock in CA. Went up 5 bucks today......................I good people am doing the happy dance....I may now be able to retire at 40! Now, lets hear about the "CRASH" some more.

Yeah, redefine everything so that your bonehead theories pan out. We're already in an "unofficial" recession according to the new definition of recession, which no longer requires negative growth. Define stock market crash in the most abstract way you possibly can, that way you can all go on believing even though it will never happen.

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[edit on 18-9-2008 by cognoscente]

Yep no crash as I thought. We are all still alive and the streets are not burning while rioters run amuck screaming about the sky falling.

Huh guess it is a good thing I thought better than to make a run n the bank or for ammo and food/water. The way some were posting you would think it would have been better to quit your job and set up a bunker in your home. As I posted on page on the ride might be bumpy but it is far from over. This time next year the market will be better, give it another half a year to a year and things will be much stronger than they are now. Some of those with the money they gained wrongfully by taking advantage of the little guy finally got theirs and what was coming to them. They are the ones spreading fear and making everyone think things are going to end. They do this because they are losing their tails in many cases. Now is the time that we can reclaim back some of what is rightfully ours so long as we do not submit to their panic button they have pushed. Those who are the most afraid are those who have been robbing the little guy, they want you to be afraid and do things to hurt yourself so that they can gain again.

The ride is just getting interesting now is the time to sit back and enjoy as the giants hit their knees.

Raist

yes, it didnt happen.

But what about the next bank? and the next bank after that?

for months now we've heard the worst is over, we are starting to rise out of the problem.

then WHAM, thrown straight down into the crap again.

only a fool will continue saying its safe and sound.

the FED cannot continue to just bail everyone out.

How many banks have gone down now?
How many fled to the nearest friend to take them over this week?

Its only just begun, and its going to crash!

reply to post by Agit8dChop


That is why they are planning to create an "entity" to wipe the debt of corporate America when in trouble.

Itsn't that great!!!!!!!!!!!!!!!!!

I wonder if we the tax payer will be able to also wipe our debt with the new "entity".

reply to post by marg6043


Hah, not blood likely! (in my best english accent)
$680 billion in defense spending approved.
$900 Billion in total bailouts and expenses

$1.5 TRILLION dollars, just like that.

Yet, poor Mr and Mrs Smith lose their $100,000.00 house

I say we grab some torches, some petrol and burn down the fed.
The primary reason the Americans drove out the British was due to their banking practices.. yet it seems its crept back in anyway.

reply to post by Agit8dChop


Perhaps one generation ago it will be torches and pitchforks in front of the white House right now.

But this new generation has been breed to be complaint and afraid of the Fed.

Now like I said on another thread this is nothing than another bastard child of the fed to protect the people behind them the elite from the greedy and bad deals that they make.

This will required congress approval because after all the constitutionality of it is questionable.

But do you think people will care?

I think if enough genuine Americans are kicked out of their homes and forced onto the streets, then someone will step up and lead a revolution.
At the moment to many people are trying to hold on with dear life, and hoping that a bit of good in the system will prevail.

Its like a loose tooth.
You prey that it will heal and fix itself, but in reality you know its coming out. Might as well pull it as soon as possible, begin the healing process.

Expect the market to fall again Friday. These "quick fixes" don't last long, and they're having to do them more often.

And, to make things worse, the new jobless numbers are set to come out tomorrow, which are greater than they anticipated. This will affect the stock market as well as Wall Street uses the jobless numbers as an indicator of the well-being of the economy.

Oh, and the governments plan to save everything?

The federal government, in what may be its most comprehensive attempt yet to contain the financial crisis, is poised to establish a program to let banks get rid of mortgage-related assets that have been hard to value and harder to trade.

Leaders from both the House and the Senate were briefed on Thursday evening by Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke.

"The root cause of distress in capital markets is the real estate correction and what's going on in terms of the price declines in real estate," Paulson said at a press briefing after the meeting. "So we're coming together to work for an expeditious solution aimed right at the heart of this problem, which is illiquid assets on financial institutions' balance sheets."

Source: money.cnn.com...

So what does this mean in layman's terms? For the most part, the Federal Government is going to absorb all of the bad debt, so you and I get stuck with paying for someone else's defaulted loan AND the interest on the money used to pay for those loans.

And the banks? Well, they get away scott free and get to do it all over again.

Anyone remember the S&L crisis in the 80's? That was only supposed to only cost taxpayers $50 billion...it ended up costing over $1.4 TRILLION.

This fiasco is going to cost a HECK of a lot more, and that's IF we make it through it.

Of course, in order for this to happen, it's going to need Congressional approval. Which means Paulson has pulled a fast one here by dumping it on Congress. If Congress votes against it and the economy fails, then fingers will get pointed at Congress for NOT passing it. If they vote yes, and the economy STILL fails (which it most likely will), then fingers will still get pointed at Congress for PASSING it.

I'm guessing they will pass it.

reply to post by elderban


I absolutely agree. People are so excited over a 400 point increase in the dow after global markets propped up the institution with imaginary money. Just like the stimulus checks, they only hide the actual problems. I expect to see moderate losses Friday and if there are more bailouts/buyouts/failures this weekend we can expect to see a dismal monday.

BofA cant keep buyout failed companies. At some point they will be taking on so much bad debt that they will be in the same situation as the company they bought out, watch for BofA to be struggling in the next few months. Many of these buyouts/bailouts are happening without even having full disclosure as to the full extent of their failures. The next month should be very telling as to our futures in 2009.

I think this is scare tatics against the American people. I'm tired of it! I'm not saying there isn't a stock market crisis, but I think it's a distraction to consume our time. So what.