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Discussion Starter #1
It's midnight central time and the overseas markets have opened but they're already racing to the bottom...

Israel-crashing fast

Europe- just as bad

Asian markets futures-looking scary.

It looks like the week is starting with slaughter and that's not good...It might be a memorable one...
 

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AKA The Dragon
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2,818 Posts
Yep,
Not good, watched bloomberg today, more red than green.
 

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Deo VIndice
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6,108 Posts
Just watched Andy Rooney on latenite CBS Up To The Minute...he made some good points. he asked 2 great questions:

"I have $17 and some change in my pocket...does that qualify me for a bail-out?"

"I think I'll go by the bank tomorrow and ask to see my money..."
 

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Watchin tha world go by
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8,151 Posts
4% across tha board even the chinese market tankin --- if europe follows suit until opening of NYSE its gonna be a bad week.

anyone seriously think that they arent gonna need more of our money? Japan just dropped 1T yen into their markets --- no effect

Nikkei 225 10,473.09 -465.05 -4.25%

Hang Seng 16,836.06 -846.34 -4.79%

Straits Times 2,189.30 -107.82 -4.69%



FTSE 100 4,748.03 -122.31 -2.51%

DAX 5,529.25 -267.78 -4.62%

CAC 40 3,891.63 -189.12 -4.63%
 

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Kick back with a glass of scotch on the rocks and a stogie. You can bet your ass that the financial whizkids that killed the global economy won't be - they are probably all trying to open that 33rd floor window as we speak.

You can follow the European markets here in almost real time:

http://finance.yahoo.com/intlindices?e=europe

Notice all the pretty colors? Every time one of those arrows goes red, an investment banker takes a soothing skywalk to clear his head.

So, how long can we expect the EU, with it's common currency but separate financial markets, to stay together?

http://www.timesonline.co.uk/tol/news/world/europe/article4888286.ece


And more good news from Europe:

Quotes from linked article below:

"We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars. "

"We are fast approaching the point of no return. The only way out of this calamitous descent is “shock and awe” on a global scale, and even that may not be enough."

http://www.telegraph.co.uk/finance/...-hot-seat-as-Europe-falls-into-the-abyss.html
 

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Our economic woes will go on into 2011 if we are lucky that's as long as they will last.

If the foreign debt holders demand full payment in other than US Dollars we are toast. :eek:
 

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The Dow is down over 400 points right now. . . .below 10,000 for the first time since October 2004. Gee, I sure am glad they passed the bailout. Look how much confidence it's given everyone!! :upsidedown:
 

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Our economic woes will go on into 2011 if we are lucky that's as long as they will last.

If the foreign debt holders demand full payment in other than US Dollars we are toast. :eek:
And who are those foreign debt holders (and their governments and citizens) going to blame for the present and future financial unpleasantness? The US government for apparently allowing things to get to this point. Because **** rolls down hill, Joe Sixpack will end up getting a face-full.

In short, expect some economic payback during the coming restructure of the global financial system. The consequences will be borne by the American taxpayer.

During Great Depression 2.0 the *******s who gambled and lost, as well as the *******s who bailed them out, won't be scratching for the money to feed their families. Before their recent surrendering policy, the French had a good way of dealing with such parasites.

Globalization - it's all fun and games until that house of cards falls over.
 

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WTI Cushing Spot 90.02 -3.86 -4.11

Oil down too, nobody's running to Gold, Silver, Platinum Copper or other commodities either, no money to buy anything...
 

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WTI Cushing Spot 90.02 -3.86 -4.11

Oil down too, nobody's running to Gold, Silver, Platinum Copper or other commodities either, no money to buy anything...
 

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2,162 Posts
Analysts here are telling people to prepare for a full blown depression of a larger magnitude then the one back in the 30'es.
Central bank will drop interest rates radically to see if that helps, but no guarantees. Banks no longer trust eachother so there is no money to be loaned anymore. No liquidity to be had by companies with outstanding payments. There will be an avalanche of bankrupcies.
 

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Agent of Influence
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I'm hearing reports of shares been dumped for whatever price they can get. It looks like we are very close to a mass panic taking place.
 
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