dow dropping 250 pts 1 min after opening

i eat my words. I should have stuck with my gut! were going to close up! We might close near EVEN! GOD i feel sick after this!

I think they're trying to manipulate it back above the 10k mark


not a one liner

reply to post by tenfly

In uncertain times like this, Mondays are always downers -- just look at a few past Mondays. Tomorrow will follow the pattern for Tuesdays, except that the gain after opening won't last that long.

The market can't crash, because the taxpayers will bail it out. If you start sweeping, you can as well mop.

Well that was certainly fun.

Let's do it again tomorrow....

So what was the final damage? did the DJI finish below 10,000. I wonder if this would be any different if we hadn't handed wall street 1 trillion dollars?? I have feeling we would be exactly where we are now. The bail out was a farce, it did nothing!

Index Value: 9,955.50
Trade Time: 4:09PM ET
Change: 369.88 (3.58%)


Still a little trading going on.

I wonder just what the final amount in tax dollars is going to be for us? How devalued is our currency going to be? The Fed isnt going to stop, they are going to continue to keep the market from plunging.

I wonder what tomorrow will bring? As far as being fun, it is interesting but, if sitting with a knot in your stomach is fun, then I had a hell of a day watching this.

The remains of this day will be spent with my wife and child, a little brightness in these scary times.

?? I can't tell for sure the last time frame on this, seems to be the last update so far though.

Dow 9,955.50 down -369.88 -3.58%
NASDAQ 1,815.56 down -72.57 -3.84%






[edit on 6-10-2008 by amazed]

Originally posted by dlongwell547
I wonder what tomorrow will bring? As far as being fun, it is interesting but, if sitting with a knot in your stomach is fun, then I had a hell of a day watching this.

How much did you lose today?

The remains of this day will be spent with my wife and child, a little brightness in these scary times.

No, you can't have three scoops, honey. Daddy had a bad day.

Keep your eye on the European/Asian markets tonight. They'll be interesting to see. My guess is maybe they tank because of the day today, and it'll be SUPER fun on Tuesday morning here in North America.

Originally posted by titorite
Apparently 900 billion can buy 300 points within 60 minutes on the dow jones index. The only problem is that the value of our money is going to become an oxymoron.

900 Billion was not injected into the stock market, but into banking balance sheets (after the auction .. which people have to show up to buy... by people, I mean the People's Republic of China) ..

Though, I would not doubt that at -800 points the PPT was not initiated..

World Wide the futures markets are all red.. Mexico's is down 8% I sure hope that's an unupdated glitch..

yeah im goin to get some sleep early and wake up bright and early, AKA middle of the night. haha

But the Asian markets had a very rough day yesterday. and i bet it will cary over again just creating more momentum.

Im just starting to wonder why there is even a stock market anymore. Its not even free trade anymore, every time its down we just pump tax money in it to keep it up. Its just not practical anymore. Its basically the governments casino. The dealers win. The losers are the people who come for the fun hoping to make some easy money.

Asian and European markets (minus Nikkei 225) are down between 4 - 9% so far. You can see the main charts on the Yahoo Finance home page. Looks like the last minute rally by US markets has not counted for a whole lot - yet. I sincerely hope that it gets better.

it is kindof strange the dow rallied to almost close at 10k even.

reply to post by bdub85


Market manipulation at it's finest.

Does anyone know what actually was being bought in the last rally? It might give an indication of what was actually going on. I've looked on finance.yahoo.com, but they just keep referring to the big rally without giving any details.

Originally posted by CeltAngel
reply to post by bdub85

 

Market manipulation at it's finest.

Does anyone know what actually was being bought in the last rally? It might give an indication of what was actually going on. I've looked on finance.yahoo.com, but they just keep referring to the big rally without giving any details.

That is what I was implying. There is no way a market could of rallied with the sell off that happened. Definitely some fed meddling involved.

It was the PPT (Plunge Protection Team) Google it. Pure manipulation by our government. It was done today to prevent a massive sell-off that would have lead to an overnight global financial meltdown. Lets see if they use it again tomarrow. Hopefully not since its complete BS.

I predict that the DOW will be below 8,000 by March. We will come close to 8,000 in January, but stay above that mark until March.

In the near future, the DOW will bounce above and below 10,000, and then drop below 9,000 before years end. The DOW will essentially bottom late spring or early summer somewhere around 7,000.

What the heck, why not throw it out there.

Just got home from a my job at a robotics company , usually work 10 hour days. sent home after eight hours unexpectedly. My old boss asked me if i coulod do him a favor, so i worked until ten tonight. came home and checked the news as i usually do , lmao. ....

red beans and rice? wtf do i go buy with the 60 dollars i have in my pocket before it becomes 40? any ideas on the best quick , long term , inexpensive item that will feed a broke as sbachelor?

I was going to go to the amusement park on saturday, stomach turned just looking at todays dow..
hang in folks.

I'm no prophet nor am I an expert on the markets, world economy, etc -but- I don't see how anyone can still take the approach that the bailout will have any positive effect or that the current global meltdown will reverse itself after one bad day.

It's time to face the music, folks. This is a manipulation and the end goal is to bring a lot of pain to the people. That pain is not just for the Americans either, they need a universal cloud cover on this one. The real experts have been telling us for years, hell decades even that the end goal is to bring in the N American Union, expand the EU and expand the Pacific - Asian Union. The spider web of interconnections between the various unions will also be firmly weaved.

They need things to be so bad that the people will either beg for it or they can establish it with force justified by a collapse of our society. The trick for them is to continue to do this in such a way as to draw it out over time and avoid triggering a large enough of a resistance to actually threaten them. Small, disorganized acts of resistance will only serve to accelerate their greater plan and goals.

I realize a great number of people just don't believe it's possible, that a hyper-inflationary collapse of our system, starvation, riots, etc just won't happen. Hell, I like to pretend none of the conspiracies are true just like everyone else. I don't want to deal with the truth of just how corrupt our society has become.

So here's my prediction:
The credit crunch will continue and solidify into a credit implosion. Any further attempts to solve the issue by pumping more pretend money will just be used to gather up funds and buy up the debris for less and less as each week goes by.

When reality hits and people realize they won't be buying food or anything else the panic will explode and we'll find ourselves under martial law. The end goal will be to completely destroy the currencies of the US, Mexico and Canada with no countries willing to trade with us. The establishment of the NAU and a new currency will be the only viable solution to re establishing global trade and ending the pain.

The only question is how long will it take for this to unfold and just how bad will it get? Will the threat of starvation be enough or will they go so far as to force us to watch our children and neighbors die?

Anyone who thinks this is just another bump in the market like the previous "crashes" since the great depression would be an extreme optimist, IMO. I wish it weren't true and I'll be over joyed to be proved wrong on this one. Seriously. I hope and pray I'm completely off base on this.

[edit on 6-10-2008 by nfotech]