Markets on SBR

[Dark Horse]

Good thing the US markets are closed today. Markets in Asia and Europe are taking a huge beating. All in fear of US recession.

Bernanke has been such a disaster. I guess it would be too much to hope for a full point rate cut today, before the Dow opens tomorrow.

[Dark Horse]

Dow futures down about 200 pts to 11,800 levels.

Indian Sensex down 7% for the day. Japan down 4%. Hong Kong down 5.5%.


Tomorrow's opening will be U-G-L-Y.

[Dark Horse]

At this rate it's not unthinkable that the Dow opens 500 pts lower on Tuesday.


Halfway there already. Down 250.


Am I watching a crash in progress?

[Dark Horse]

Dow futures down almost 350 pts.

[jjgold]

Could be a crash of epic proportions tomorrow

Letys hope it crashes then maybe some good buys

although stock market is a sucker game for the squares

only the pros and insiders win

[DrunkenLullaby]

The words "Black Tuesday" do come to mind.

[indy62]

AM640 Toronto Radio Breaking News...

The TSX Composite Index has fallen nearly 500 points in the opening minutes of the trading day

[RageWizard]

The words "Black Tuesday" do come to mind.

A crash of epic proportion would be great. I'm short the DIA and SPY. The market caught a break today with the holiday. If tomorrows world markets rebound the American markets may be able to hold off on a huge down day. If the world markets continue a sell off, I probably be popping the champagne with the wife, and be looking to take some profits with the dead cat rally on Wednesday before going short again next week. We shall see. I'm pretty sure all the criminals in the Fed and Treasury are gonna make a move and try to hold off the selling.

[Wrigley]

Looks like the sell off will continue Tuesday

[DrunkenLullaby]

Even though my primary investment is gold, I hope it pulls back to 850 here so I can add more. Can't see a way out of the economy's mess that doesn't involve letting the dollar go (i.e. inflation).

We shall see...

[RageWizard]

Even though my primary investment is gold, I hope it pulls back to 850 here so I can add more. Can't see a way out of the economy's mess that doesn't involve letting the dollar go (i.e. inflation).

We shall see...

I like your gold play and it has been pulling back a bit. It is around 868 now. The greenback is gonna have some pressure on it when the fed lowers rates again soon. Tommorrow don't be surprised if a major cash infusion hits the market. The treasury will not be taking the day off today and the printing presses will be churnin out the Franklins to try to keep this market afloat.

[DrunkenLullaby]

I like your gold play and it has been pulling back a bit. It is around 868 now. The greenback is gonna have some pressure on it when the fed lowers rates again soon. Tommorrow don't be surprised if a major cash infusion hits the market. The treasury will not be taking the day off today and the printing presses will be churnin out the Franklins to try to keep this market afloat.

Agreed. I know this much - the gov't sure isn't going to really take from their own coffers & reduce their own expenditures in order to give $150 billion in stimulus back to the taxpayers. So where's it coming from? The printing presses. It's gotta be.

[DrunkenLullaby]

Slightly off topic, but it needs to be said:

Bloomberg TV's Lizzie O'Leary is sooooooo f-ing hot!

[RageWizard]

Slightly off topic, but it needs to be said:

Bloomberg TV's Lizzie O'Leary is sooooooo f-ing hot!

Yeah she is, I also like the CNBC chick Becky Quick.

[Dark Horse]

How much trouble would it be for this horrible Fed to come in and cut rates today, instead of next week? The whole world is now being pulled down by the US mess.

[teazeman]

bloody tuesday coming.....................

[JBC77]

I'm getting ready to start putting some money in the market. Eventually money from the sidelines is going to start snapping up the bargains, they are some opportunities out there.

[Dark Horse]

Same here. This is a great environment for long term investors. Market will drop some more but the short squeeze is coming.

[Dark Horse]

Another bad day around the world. Noon in Hong Kong and market has dropped 7%.

All in reaction to US recession fears. Bernanke should be fired. People around the world are losing fortunes because of this sadly incompetent bookworm.

The Fed should have had an emergency meeting today, when it was clear how the markets around the world were behaving.

[TexansFan]

Just hang on guys. I've been in the market for over 15 years now and have seen plenty of ups and downs. I've got another 15 years to go before I'll even need the money. If you are a long term investor just ride it out.

[Dark Horse]

Hong Kong down 8%. That's China. At this rate it could easily go past 10% for the day...

[pico]

i think my stock broker in hong kong is going to hang himself

i am pretty scared to watch the market open in couple of hours. i still got couple of dow stocks.

[DrunkenLullaby]

i think my stock broker in hong kong is going to hang himself

...just putting the Hang in Hang Seng.

[Dark Horse]

O my. This is interesting. France and Germany way way down, and suddenly, in a matter of minutes, the market gained back 300 pts... Inexplicably... Are we talking PPT here?!

India opened down 10%, but now down only 4.5%...

[SBR_John]

UK shares open down 3.3% and now are up .5%. WTF???

[Dark Horse]

Stunning turnaround in Europe. Almost all green now.

[Dark Horse]

Everybody on the trading floor wants .75% rate cut THIS MORNING, and .25% later this month.

What is the Fed going to do? Nothing?

[Dark Horse]

They could also get the PPT (Plunge Protection Team) to do its job. Shouldn't be very hard to force the shorts out.

[DrunkenLullaby]

Stunning turnaround in Europe. Almost all green now.

The markets being the pure, clean & level playing field that they are, I'm sure that no-one leaked word of the Fed Cut so that that the big boys could act on it before Joe Schmo, right?

I love it when people who play the markets regularly ask me why I bet on sports. The vig is a WHOLE lot less in sports.

[SBR_John]

From down nearly 500 points to down just 100. And down the backstretch they come, the bulls closing the gap on the bears! Its a good horse race.

[RageWizard]

Market has been flat since 11:00 A.M. Think I'll put my shorts (DIA, SPY) back on with a 1% stop incase the bulls make a run tommorrow. No compitulation today dispite the 500 down opening. Today's close will tell which way the market will go, look for either a large increase in the final 10 minutes or a large drop in the last 10 minutes.

[jjgold]

was not bad at all

Gov't will never let stocks fall too much

Is that good or bad?

[Dark Horse]

That's good JJ. The world was on the brink...

The credit crunch doesn't reflect on the rest of the economy, but does spill over into it. Most people don't make that distinction. They think the economy sucks and panic. The risk of panic waves is even greater in the emerging markets where investors have never dealt with a recession. Panic is not good.

Be cool.


Take India today. Market tumbled to 12% down. Out of control panic. Trading was stopped for one hour. Everybody took a deep breath. And the markets came back to lose only about 4%.

[DrunkenLullaby]

Gov't will never let stocks fall too much

Is that good or bad?

Bad for the dollar. Good for gold.

[Dark Horse]

One reason for the market's vulnerability, in my opinion, is that people in the US have given away their power. They rely on others to tell them what to do and think. That problem is magnified by today's lack of transparency. If the experts don't know what is going on, then what about joe public?

So you have to stick with what you know, stick with the basics, and stick with the fundamentals. Don't listen to 99% of the experts. They get paid to have an opinion and change it with every unexpected fluctuation. And keep your cool.

There is no need for the market to crash, unless too many people get too scared. And lack of courage may be precisely the problem in the US. Blame it, indirectly, on the fear mongers in the White House; but more directly on yourself. It starts with each of us. Fear nothing, except fear itself.