Stocks Stomped in Financial Freefall

Originally posted by Mercenary2007
i agree with that. But all the options that has been tried to at least slow it down to buy us time is failing, its not slowing fall its speeding up the fall.

That simply isn't true. I believe it has slown the fall down. This cannot be proven as we cannot say what would have happened if we didn't act.

i honestly think we are close to that line of last resort. the fed started dipping into the anti depression playbook yesterday but i think it was too little too late.

I don't see us being close to that line of last resort. I believe you are making this event out to be more than it is.

Yes the government should have stepped in 14 months ago before the snowball built up the steam it has now. now instead of dealing with a snowball we are dealing with an avalanche, the dow is dropping to levels we have seen in years,

They should have stepped in almost a decade ago and realized the kind of bubble they were creating.

then we need to look at our system and see what is working and what is completely out dated and come up with solutions to fix the outdated areas

That is what needs to be discussed. How the bailout is handled is not nearly as important as what we do after. If we have no plan as to AFTER the bailout, then there is no reason to even engage in the bailout in the first place. Its like the iraq war. Don't go to war unless you have a plan for what happens when you take over.

accidental double

[edit on 9-10-2008 by grimreaper797]

[edit on 9-10-2008 by son of PC]

The nikkei has REALLY been hit hard, already down about 10%. It looks like Europe is going to have an UGLY friday.

reply to post by grimreaper797


And all of the Australian indexes are down at least 6%! Hong Kong Market also taking a bath with 8% drop! I'm afraid of what the European Markets are going to do! This is bad, real bad!

reply to post by JaxonRoberts


The european markets will probably react harshly, IMO. The Hang Seng just opened up a bit ago and dropped like 8%. Thats pretty ugly.

Not to mention the DOW futures have been bouncing between -188 and -208 since the NIKKEI opened.


I do believe tomorrow will be interesting to say the least.

BTW Grim have you seen this thread yet?

This bloodletting of the stock market and financial arena is going to go on for a while. I am going to go on a limb here and say that the stock market is going to bottom out at 5500-6000. I know some think that is preposterous but it was too high for too long and needed to come down, but the Fed and other banking institutions helped to keep it that high for longer than it could be supported. I don't think anything they will do will stop it. the bail out didn't work and the international rate drop didn't work either. It is going to take banks getting back in to the market before things turn around. once larger business start buying other businesses will you know the fall from grace is over.

As of right now the Asian markets are tanking on the news of the Dow dropping today.

Originally posted by grimreaper797
reply to post by lynn112

 

How do you know, the bailout hasn't even started yet. Thats like calling a batter at the plate out before he even took a swing.

Until the CEOs on Wall Street are criminally charged, Bernanke (sp?) is fired and GW is out of office the confidence in the market will not return in my opinion.

GW is going to speak tomorrow at 10 am. Watch as he speaks the stock market will fall the whole time he is talking. It did it the last time Bernanke(sp?) spoke on TV and it will happen again tomorrow.

If you don't trust the people running the asylum you wont get better.

A couple of things no one has mentioned:

1) The stock market is a leading indicator of economic activity. What this is telling us is that the recession is coming, and it will be deep. We really probably have not been in recession up until the last month or so. But it is coming fast. When you see the market starting to rise again, you will see the recession ease about six months thereafter. I would bet we see the market fall to about 7,000 before the values are so profoundly good that the big boys start buying again. The I would expect at least a year of a sideways market before prices trend upward.

2) Has anyone considered that the now near certain election of Obama and the Democrats is further panicking the market? Socialism and high taxes are not exactly the fix the market wants, and until the new administration gains some credibility with the business community, prices will be suppressed by fear.

This economy is screwed up so bad...PANIC!!

PANIC!

PANIC!

PANIC!

PANIC!

Ugh...I think I need a Xanax to calm down.

Listening to C2C I heard Austin-Fitts say its a pump & dump and the dump is on us. Another banker said the real figures that they will add to this sellout..er,bailout is approx. $800 Trillion in bad derivitives and credit defaults. Citibank supposedly has at least $90 Trillion.

You can bet the elitists have caused this and only they are allowed to short anything anymore. Their next plan is to step up the war(s) in the mideast and with people having no jobs they will have their cannon fodder without a draft.

The Gog/Magog war will usher in the antichrist as the peacemaker.

Refuse the mark.

S&P/ASX200 is down -360 IMO i dont think this is going to stop any time soon,we are going to see this kind of free fall for months
The events forecast by Half Past Human have been spot on IMO lets hope the rest is wrong www.projectcamelot.org...

It is apparent that one trigger for all this is the derivative market instruments that allowed gambling with borrowed money. What would be the effect of not allowing derivatives, other than unemploying the overpaid leeches in the investment industry? If we only allowed buying stock, selling stock that was actually owned by the seller, and collecting dividends from stock actually owned, what would happen? There would be no selling short without owning the stocks; no gambling of any kind. Would the bankers Ponzi scheme unravel? Would the loss of the illusion of money to lend further damage the economy?
This would have to include responsible lending and I don't know how to protect against another housing bubble other than that. If people don't qualify for loans, they can't bid the prices up.

Originally posted by Grumble
1) The stock market is a leading indicator of economic activity. What this is telling us is that the recession is coming, and it will be deep. We really probably have not been in recession up until the last month or so. But it is coming fast.

We have definitely been in a recession for a while now. Depression is coming soon get it right.

Although according to the government quarterly reports we aren't in a recession, thats the government and we can't believe the bs they are feeding us.

I know we've been in a recession I've seen it for a while now.

Funny. The bailout was crammed down congress' throat and denied. The bailout was reformatted with bacon and accepted. We needed to rush on the bailout to ensure stability? Yeah that worked! Now we have to wait to see results? They mean we have to wait while the elite get their nuggets screwed on straight and consolidated power over us. The Elite are catalyzing the largest mass awakening of the ages by their evil, greedy actions. I actually do feel a small amount of pity for them when "WE THE PEOPLE" awaken into our full potential and take this machine down.

They have just stopped trading in Austria

All European indexes in free fall.

[edit on 10-10-2008 by Terrapop]

Originally posted by Terrapop
They have just stopped trading in Austria

All European indexes in free fall.

[edit on 10-10-2008 by Terrapop]

Oddly enough, today, Lehman Brothers are again the cause of this. This is the day when there will be an auction to settle liabilities on insurance on debt of them. And there is a rumour that this value can be as high as $400bn. If so, then the $700bn the US Gov have to act may be peanuts. Because basically, to quote the BBC , '...If demands for payment are as big as $400bn, there will be pain for banks, insurers, hedge funds and other financial institutions.'

I wonder why he was just punched... Certainly he deserve a much better treatment...

The trend seems to be a perpetual one. The worse asia does the worse europe does and the triple worse the US does and the worse asia does again... . Maybe today we'll see an all time triple digit record decline.

Germany was down 10% at one point

Wait, it's back over 10% again. CAC 40 and FTSE 100 are heading for 10%...not far off