Re: Dow jones -500 / -4.60% level 9865.00
 

Hey warrior, where are you getting this info that Hong Kong will be in bank holiday tommorrow? and the link to where UK says this is Meltdown monday. Send us the links ASAP!

Re: Dow jones -500 / -4.60% level 9865.00
 

You're right, three markets are closed including Hong Kong...

the markets aren't sinking that bad that are open, Japan is down over 3%...

Let's see what happens when Europe opens...

If the stream was changed enough, by a select few buying up dollars to strengthen the whole market, maybe this isn't going to be black Tuesday after all...:thumb_yello:

Re: Dow jones -500 / -4.60% level 9865.00
 

HERE WE GO AGAIN!!!!

DOW JONES -224.53 / -2.26 LEVEL 9730.97

http://money.cnn.com/data/markets/

AND GOING DOWN!!!!

Re: Dow jones -500 / -4.60% level 9865.00
 

quit freakin out everybody... its only a four year low... things were way worse inthe eighties... way...way worse!!!

its at about -200 right now.. even if it does crash to 7000 it is still not as bad as we have seen in the past and humanity is still alive..

Re: Dow jones -500 / -4.60% level 9865.00
 

Fed Enters Off Balance Sheet Credit Default Market

Today the Fed entered the off balance sheet credit default market and plans to buy unsecured debt instruments in order to cure the problems caused by off balance sheet credit default derivative buying in the form of non-performing failed counterparty credit default derivatives. This appropriately named toxic paper will be purchased to an infinite degree.

The Fed does the same to cure the same.

The Fed actions today declare the bailout bill a non-functioning pile of pork. This infinite production of paper dollars will kill the dollar

Gold will trade at or above $1650.

The Dow is thumbing its nose at the infinite amount of money being dropped by rising 150 points and coming back to even.

Modern day Weimar here we come!

http://jsmineset.com/

Re: Dow jones -500 / -4.60% level 9865.00
 

Yes, what good does it do to get all uptight. The market went down yesterday, and rebounded up. The market climbs up and down on the best of days. During this time of market instability it may make steeper climbs and dips, but the roller coaster ride is still running. When it stops, then it's time to get off. At the end of the day, when the markets close, then look back and see if the ups and downs were as bad as you thought they were. Maybe, maybe not.

Hang in there.
Nancy

Re: Dow jones -500 / -4.60% level 9865.00
 

We recommend the Blocked Pipes article as it clearly explains the concerns that we have had for years about the banking system of the world. After reading the Blocked Pipes article, you can see why we remain pessimistic about a rapid recovery of the world banking system.

http://www.economist.com/displaystor...ry_id=12342237

Re: Dow jones -500 / -4.60% level 9865.00
 

I really like your thoughts on this susan. The 22 day strike sounds good to me. :lol3:

Re: Dow jones -500 / -4.60% level 9865.00
 

ive just been watching the dow jones nose dive on the news. It sure is going down hill.

Re: Dow jones -500 / -4.60% level 9865.00
 

Russia Buys Iceland 1) the major banks in Iceland had failed. The Icelandic government had rather foolishly, but out of necessity, guarantee *ALL* bank deposits. This had developed prior to this morning. What occurred this morning was the announcement that the banks in question had deposits that ran several times the Icelandic GDP. 1.a) Subsequently, *after* being informed that the EU will not/cannot help them, the Icelandic gov't has turned to Russia for assistance. Russia has agreed to provide the Icelandic gov't with necessary funds of sufficient amount to help them out 'for a few days'.

EU Splinters 2) a meeting in France this morning of the EU official 'finance ministers' was a dud. It was such a dud as to produce a sudden, precipitous change in language around the whole of the EU as a context within our modelspace. This single meeting may be the actual pivotal point for the EU as an organization of nation states. Basically what happened is that the EU politicians in the meeting agreed to take actions which are /were meaningless, such as a 'deposit guarantee' that is now raised, but still is far less than any of the member countries individual deposit guarantees. Thus effectively taking no action at all. Further it is rumored that the attendees of the meeting expressed agreement with the idea of *not* coordinating rate cuts with the Federal Reserve Bank of the USofA. This likely will be seen in the future as *the* moment that the EU began to only crumble back into Europe.

RBS Clearinghouse 'failing' 3) The Royal Bank of Scotland reportedly, this morning, begun seeking a 'recapitalization' so that they may continue their clearinghouse functions. The story coming out via rumors is that RBS is/has run into liquidity issues regarding their ability to handle transactions from other banks. This is also, according to rumor, affecting the currency trades globally. There is now some small substantiation that several of the governmental agencies approached have 'kicked the problem upstairs' as being beyond their ability to accept.

http://www.urbansurvival.com/week.htm

Re: Dow jones -500 / -4.60% level 9865.00
 

The Dow is nose diving now at -457.58. Seems like the markets are declining more today towards closing time. It's gonna close more worse than yesterday. With this rate of decreasing each day, the stock market won't be around for much longer.

-Phillip

Re: Dow jones -500 / -4.60% level 9865.00
 

Dow closes -502.10 (-5.04%) @ 9,453.40

The DOW crashed Oct 7 ... -508.39 (-5.11%)
 

Dow Down. - 500 points . ..

from Oct 3 to Oct 07 the Dow has lost -1035 points. (-9.88%)
http://finance.google.com/finance?cid=983582

Re: Dow jones -500 / -4.60% level 9865.00
 

Big announcement? Look to a city (spelling) citi?

Patiently twiddles thumbs waiting on the MSM to catch up

Re: Dow jones -500 / -4.60% level 9865.00
 

Are you talking about Citigroup? All they doing recently is trying to play tug-of-war with Wells Fargo and snatch Wachovia. What else is new?

-Phillip

Re: Dow jones -500 / -4.60% level 9865.00
 

Hi ctophil,

DOW closed down 878.27 ! 8.51%

Citigroup went down 12.98%

Bank of America CP got hammered, down 26.23%

JP MORGAN CHASE CO down 10.64%

By the way, the Citi story with Wells Fargo smells. Citi offered $2 a share. Wells offered $6 dolars a share - a huge difference for what was described as a failed bank. Then Citi wants to fight over the attempted sale. Tere must be more than meets the eye here. Right?

Best regards,

Steve

Re: Dow jones -500 / -4.60% level 9865.00
 

http://ml-implode.com/ailing/lender_...008-10-07.html

Re: Dow jones -500 / -4.60% level 9865.00
 

Citi was buying it thinking the Government was just going to take the sunk part of the company... Right after that is when they decided to let banks take bad debt off the books without setting money aside to cover it.

That's when Wells stepped in and offered the higher price without government assistance.

Re: Dow jones -500 / -4.60% level 9865.00
 

Nikkei has been open 20 minutes and is already down 350 points...

Re: Dow jones -500 / -4.60% level 9865.00
 

Germany takes hot seat as Europe falls into the abyss


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/c...the-abyss.html

Re: Dow jones -500 / -4.60% level 9865.00
 

I don't know what "extreme danger" you speak of, because we are in the 5th night of the Galactic cycle. Read some literature concerning the Mayan prophecy. Relax. We are on a schedule.

Midnight tonight, Short Selling begins...
 

http://www.reuters.com/article/ousiv...497BQZ20081008

They had the option to extend the ban until the 17th, but decided not to wait...

Re: Dow jones -500 / -4.60% level 9865.00
 

Hi!!!!

Dow jones is going down -413 / -4.47% / level 8844

what do tou think ??? Is this a first sign of colapse???

¡¡¡¡¡ i think, yes it´s !!!!!

Re: Dow jones -500 / -4.60% level 9865.00
 

IN 3 MINUTES -551 / - 5.95% / LEVEL 8706

:yikes:

Re: Dow jones -500 / -4.60% level 9865.00
 

Today is just going too fast too keep up with . :welcomeani:

Re: Dow jones -500 / -4.60% level 9865.00
 

YES YOU ARE RIGHT.

http://www.telegraph.co.uk/news/worl...ze-out-US.html

Russian president Dmitry Medvedev calls for Europe to freeze out US

The Russian president, Dmitry Medvedev, has called on European leaders to create a new world order that minimises the role of the US.

Re: Dow jones -500 / -4.60% level 9865.00
 

yeah. DOW is down over 600.

Re: Dow jones -500 / -4.60% level 9865.00
 

-500 some yo yo big time!

Re: Dow jones -500 / -4.60% level 9865.00
 

i guess there will be a really really "BLACK FRIDAY"

its getting serious pretty fast !:mfr_omg:

Re: Dow jones -500 / -4.60% level 9865.00
 

Get ready for the Mark of the Beast if Martial Law happens, don't take it though..get your supplies ready and groups built up.

Re: Dow jones -500 / -4.60% level 9865.00
 

do. Seriously


-678.91 (-7.33%)

Re: Oct6th - Dow jones -500 / -4.60% level 9865.00
 

DOW today

1,121.44 (-12.11%):mfr_omg:

Re: Oct6th - Dow jones -500 / -4.60% level 9865.00
 

dow jones -682 / -7.96 / LEVEL 7896 AND GOING DOWN LOOK AT WORLD STOCKS http://money.cnn.com/data/world_markets/index.html

Hong Kong Hang Seng IS N/A Hong Kong HSCC Red Chip IS N/A

Germany DAX -474.78 -9.72%

France CAC -332.59 -9.66%

A Bank Holiday is moving from possible to PROBABLE.

Have you fully protected yourself?

Have you distanced yourself as much as possible away from financial agents holding your assets?

Have you gotten paper certificates for your shares or became a direct registration book entry at the transfer agent?

Have you protected your retirement accounts the same way as your shares above but in the name of the retirement account and the trust holding them?

Have you closed your Money Market fund accounts regardless of what assurances your bankers offer?

Have you withdrawn from your Credit Union?

Have you exited your corporate retirement fund?

Do you have significant gold and related shares investments?

It is getting UGLY out there as each day an attempt to postpone a bank holiday fails. Almost every other day lately financial leaders of the world have announced new plans that were "the final answer" to the super-glued credit market. All these plans have had no effect. The Dow fell like a rock off a cliff.

http://jsmineset.com/

Re: Oct6th - Dow jones -500 / -4.60% level 9865.00
 

Hi everybody!

Today, the markets are rallying! Woohoo!! Everything will be just ok! Not...I'm tired of this ****. They keep trying to save the old system and making people like us look bad. "Uhh, you're just a doomsayer. The U.S. gov't will save us! It's such a resilient economy!" And then, people blame everything on me for the failure of my business, etc. *sigh* I'm so tired, everyone. We are obviously in a global collapse right now, and all these nations are taking ownership of banks left and right. Socialism across the U.S. and beyond is killing our society. But yet, there are still people who cares not and goes on with their "normal" lives. What am I to do?

-Phillip

Re: Oct6th - Dow jones -500 / -4.60% level 9865.00
 

Hi ctophil,

This rise in the DOW and other main bourses is because the goerments hae just injected trillions of dollars to prop up failing banks and banking system, so for the short term there will naturally be a short term rise in the markets, as, in the short term, the banks situation is 'solved'. Everything that was lost over the last couple of weeks could make someone an awful lot of money, over the short period.

I posted in another thread what I thought about the possible repercussions of nationalizing banks: http://www.projectavalon.net/forum/s...ead.php?t=5195

Sorry to hear about your company.

Best regards,

Steve

Re: Oct6th - Dow jones -500 / -4.60% level 9865.00
 

Thanks, Steve for the heads up. What's really weird is that all these billions or trillions that the gov't keep printing up are not making the dollar lose much value. In fact, other currencies are falling quicker than the dollar, such as the Aussie and Canadian dollars. Are they trying to prop up the American dollar long enough to buy up all the banks and then crash it? I do expect the markets to fall again once investors find out that this injection of cash is killing the economy into hyperinflation.

-Phillip

Re: Oct6th - Dow jones -500 / -4.60% level 9865.00
 

Not an expert, nor do I have a degree,

the dollar is staying strong in my opinion, because opec helps out allot, and since oil is traded mainly in dollars, since we are one of their biggest consumers. Not to mention our dollar represents a powerful military, Not really to sure why the dollar is still strong, I am just guessing. the injection is just going to buy us sometime, I think I understand what were facing, I am just not sure how it will change things. My grandpa always told me to let these big things worry about themselves, yet its hard not to feel something. What he meant thou, is not to be scared, take care of yourself, the best you can. etc. etc. The human being can adapt to anything.. Even hell..

Re: Oct6th - Dow jones -500 / -4.60% level 9865.00
 

Hi Steve, just wondering, do you think the rise in the Stock Market will only be temporary because of this? I'm asking because I don't know a lot about how the Stock Market works, I'm sure you know much more than me.

Re: Oct6th - Dow jones -500 / -4.60% level 9865.00
 

Hi Myra,

I believe it will be temporary as the current situation is still not all that healthy. Once the euphoria is over and everybody can see the woods for the champagne glasses, they will realize that the bailout is only as good as the money that was used. The money is being pumped into the system and the banks will go back to lending, which will take the money back out of the system and we're back to squara one, unless the bank makes credit more difficult (or more expensive) to get. This being the case we would be in a similar situation where we are now where few can get, or afford credit, and the credit market will be much smaller, thus reducing profits etc. etc.

When I was a kid my mother said to me that the lending companies only lend to rich people, those people who don't really need it. It has always been that way in a healthy market. You lend and are guaranteed of your return. If we are to believe what the banks say, the banks lent to all the poor people and got screwed.

I posted : http://www.projectavalon.net/forum/s...ead.php?t=5195

It's my reasoning about nationalizing banks, which basically has just come to pass in Europe. Today George Bush will inform the public what he will do with the first $250 billion of the $700 b. Will it be for his friends' banks? Will it go to AIG who as already received over $1 trillion? Let's wait and see. :)

Best regards,

Steve

Re: Oct6th - Dow jones -500 / -4.60% level 9865.00
 

Hi Everybody,

This just in. With first installment of the $700b in hand, President George Bush should announce today that the treasury will buy stakes in Bank of America Corp, Wells Fargo, Citigroup, JPMorgan Chase & Co, Goldman Sachs, Morgan Stanley, Bank of New York Mellon Corp, State Street Corp and Merrill Lynch.

Best regards,

Steve