Stock market carshing! -200 points in minutes

The only reason it is going down is this.

Investors are cashing in their profits now so they don't have to pay higher capital gains taxes later.

They pay 15% now, 23% later.


They are selling now to maximize their profits.


That is all. We Have QE3 infinity......

The market cannot crash.

The name's Francis Sawyer, but everybody calls me Psycho. Any of you guys call me Francis, and I'll kill you.

The name's Francis Sawyer, but everybody calls me Psycho. Any of you guys call me Francis, and I'll kill you.

Or.... the shrewder are getting the fuck out while they still can..

Don't Answer Your Phones...

Here come the margin calls...

[link to www.zerohedge.com]

G R E E C E is the word.

In time that will tell. The fact that it is going back up tells me the smart people took their profits off the table this morning.

PPT is in effect now....We'll see where it closes.

Volume has dropped off.

Closing will tell us more.

It's a sign that the economy cannot sustain itself at it's current level.
An American company who manufactures their products overseas, as it's cheaper and for some reason they get a tax break, cannot expect American's to purchase their products if there are no jobs available.

1) Senior citizens are retiring later, require more medical help, and have established wages earned by company loyalty, as well as stock-options, savings accounts, etc.

2) New graduates and student debt loans/grants are a fiscal nightmare. The reason the administration passed the student debt bill was because when those default it's going to really bankrupt the federal debt. I read a Bloomberg Business mag a few months back that was dedicated to the student debt. Some idiot kid took out over $100k for a degree in fashion and theater costume something design. Instead of relegating funds for serious degrees (i.e. helping to fund science labs, student learning centers, etc.) we're paying for a douchebag to learn how to sew a dress.
- There are issues, of course with school administrations giving themselves raises, lavishing money on sports programs and neglecting math and science programs, and the rising cost of tuition, books, and tons of out-of-pocket expenditures for the students themselves. I'm going to have to shell out money for drug tests for my radiology program, as well as pay to apply and purchasing scrubs and all of that. This is all on top of paying for the classes.

3) With old people still in the workforce, and young people graduating with serious debt and are unable to find jobs that pay their bills, and our business shipping jobs overseas the job market is stagnating. Add to this the rising cost of living: gas, groceries, utilities; everything is cheaply made so you're having to replace things or ghetto-rig it to work.

The only way to fix things is to buckle down, cut spending and raise taxes, and to put some sort of protectionist measures in place to keep companies from sending jobs overseas. At least cut the tax breaks In that area. Everyone is going to have to bite the bullet for a few years to get this shit together. You don't like it? Tough shit. Things aren't working, and doing the same shit is not going to help.

In time that will tell. The fact that it is going back up tells me the smart people took their profits off the table this morning.

PPT is in effect now....We'll see where it closes.

Volume has dropped off.

Closing will tell us more.

pined?

(Sorry, couldn't resist.)

People are still in shock. When investors realize what four more years really means for their investment...
'Katy bar the door..' IMO.

going down again....

Today's action is also partly due to the 80k protestors in Athens rioting over austerity. If the election was months away, we'd be seeing a down day over Greece anyway.

Here comes the bounce.

The Dow futures were way off before the Greece thing every got off of the ground...

Maybe in stocks we may see a dead cat bounce tomorrow, maybe 1/3 of today's loss. In oil I think the downward pressure remains...

Agreed, the election is also a big factor. And I really don't know what to expect commodity wise. Likely short term pressure but QEinfinity still hasn't really impacted commodities (after the bounce and immediate retrace) as expected.

I invest primarily in growth stocks in the commodity sector including juniors. Maybe that's why I laugh at the reaction to a 2% down day - that's nothing lol.

A fool is someone who isn't taking advantage of this and investing.

oil down 4.53 pct.

awesome.

You gotta live and breath these commodities, this thing can turn so fast it will make your head spin...

5% turns aren't that unusual...