The Rate Cut Didn't Help. Trading Was Halted @ 4 AM. WE'RE ALL GONNA DIE!

DriftingByTheStorm
DriftingByTheStorm Posts: 8,684
edited January 2008 in A Moving Train
OH NOOOOOOOOOOOOOOOOOOOOOOOO!

DOOM AND GLOOM.

Emergency rate cut at 8:30 and by 9 the ENTIRE rally has faded.

Dow futures down about 500 fuking points.

S&P down over 50.

TRADING WAS HALTED AT 4AM THIS MORNING because it was already down so far.

The rate cute = BOUNCE ... then F - A -D - E


OH NO!

Jlew?

:D
If I was to smile and I held out my hand
If I opened it now would you not understand?
Post edited by Unknown User on
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Comments

  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    Actualy,

    seems the futures were stopped out a good three or four times last night.

    That means losses were so bad the SEC stopped all trading!

    YIKES.

    Markets expecting BIG DROP ON OPEN here.

    :fingers crossed for everyone's 401ks:

    OMFG.

    :eek:
    :eek: :eek:

    Erin Burnet: "ONE OF THE MOST IMPORTANT MARKET DAYS EVER"

    This is HISTORY, folks!
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • mkcaps
    mkcaps Posts: 36
    My kids are taking all their money out of their bank today...
  • spiral out
    spiral out Posts: 1,052
    Doom and Gloom indeed.
    Keep on rockin in the free world!!!!

    The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    mkcaps wrote:
    My kids are taking all their money out of their bank today...

    dang.
    you got some financialy adept chilluns!

    :D
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • RolandTD20Kdrummer
    RolandTD20Kdrummer Posts: 13,066
    I've got my cave in the woods all picked out. I'm barring up all the windows on the house this weekend just in case.

    hehehehe
    Progress is not made by everyone joining some new fad,
    and reveling in it's loyalty. It's made by forming coalitions
    over specific principles, goals, and policies.

    http://i36.tinypic.com/66j31x.jpg

    (\__/)
    ( o.O)
    (")_(")
  • spiral out
    spiral out Posts: 1,052
    RolandTD20Kdrummer wrote:
    I've got my cave in the woods all picked out. I'm barring up all the windows on the house this weekend just in case.

    hehehehe

    Lol can't seeing getting to that point.
    Keep on rockin in the free world!!!!

    The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
  • jlew24asu
    jlew24asu Posts: 10,118
    its going to be a crazy day.
  • my2hands
    my2hands Posts: 17,117
    fuck wall street
  • jlew24asu
    jlew24asu Posts: 10,118
    mkcaps wrote:
    My kids are taking all their money out of their bank today...

    why?
  • porchdweller
    porchdweller Posts: 228
    I'm a financial planner,

    Talk about a hard job right now and trying to keep people calm.

    This is impossible. This is when I wished i would have went into teaching.
    "That's part of the curse: If you're gonna play the song, you better play it. I've tried to phone in "Jeremy" a few times, and it's tough. It doesn't work."

    EV
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    jlew24asu wrote:
    its going to be a crazy day.

    Your buy stop is about 30 points away.

    How much you investing?


    Oh wait. You called 11800, NOT 11600
    Still holding those "Bargain" positions?
    :D:D:D


    Sorry.
    Its not even funny anymore.

    :Sigh:
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • my2hands
    my2hands Posts: 17,117
    this is nothing...


    wait until it really hits the fan... and people start to realize that $2 trillion dollars has been stolen from them via the Iraq War... and $1 trillion gets stolen yearly in the name of "defense budget"
  • jlew24asu
    jlew24asu Posts: 10,118
    DriftingByTheStorm wrote:
    Your buy stop is about 30 points away.

    How much you investing?


    Oh wait. You called 11800, NOT 11600
    Still holding those "Bargain" positions?
    :D:D:D


    Sorry.
    Its not even funny anymore.

    :Sigh:

    I'd be pretty damn good if I called the bottom exact no? I think the bottom is near.
  • jlew24asu
    jlew24asu Posts: 10,118
    my2hands wrote:
    this is nothing...


    wait until it really hits the fan... and people start to realize that $2 trillion dollars has been stolen from them via the Iraq War... and $1 trillion gets stolen yearly in the name of "defense budget"

    what will that change in regards to the stock market? o right, nothing.
  • my2hands
    my2hands Posts: 17,117
    jlew24asu wrote:
    what will that change in regards to the stock market? o right, nothing.

    consumer/investor confidence...

    as the quasi fascist relationship of our government and its corporate handlers becomes more and more obvious... all it takes is one bad economic turn for people to get mad and interested in whats going on... once that happens, who knows?
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    jlew24asu wrote:
    I'd be pretty damn good if I called the bottom exact no? I think the bottom is near.

    pretty damn good indeed.
    hey that guy on cnbc who said 11600 fuckin nailed it.

    Looks like we will see her saved here for the day.

    Futures pushing over S2 pivot ... dow saving itself around -300 to -200.

    :Fingers crossed: for you and your bottom.
    But sitting quietly on the side line rolling my eyes at this whole thing ... a LOT.

    :D
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • jlew24asu
    jlew24asu Posts: 10,118
    my2hands wrote:
    consumer/investor confidence...

    as the quasi fascist relationship of our government and its corporate handlers becomes more and more obvious... all it takes is one bad economic turn for people to get mad and interested in whats going on... once that happens, who knows?

    nah. stay off those kooky websites. a new president will be in office soon. too much spending on defense and iraq will hurt our economy it different ways. (high deficits, weak dollar) it wont affect consumer/investor confidence at all.
  • jlew24asu
    jlew24asu Posts: 10,118
    DriftingByTheStorm wrote:
    pretty damn good indeed.
    hey that guy on cnbc who said 11600 fuckin nailed it.

    Looks like we will see her saved here for the day.

    Futures pushing over S2 pivot ... dow saving itself around -300 to -200.

    :Fingers crossed: for you and your bottom.
    But sitting quietly on the side line rolling my eyes at this whole thing ... a LOT.

    :D

    I like my low better.

    being down 200-300 is not bad at all. thats not even half as bad as international markets. we'll see where the day takes us.
  • spiral out
    spiral out Posts: 1,052
    jlew24asu wrote:
    I like my low better.

    being down 200-300 is not bad at all. thats not even half as bad as international markets. we'll see where the day takes us.

    Your very confident.
    Keep on rockin in the free world!!!!

    The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
  • jlew24asu
    jlew24asu Posts: 10,118
    spiral out wrote:
    Your very confident.

    why shouldn't I be? we are riding this storm out much better then international markets. fed will probably cut rates again in a few days. has to be a bottom somewhere. looks like I came pretty close huh buddy

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