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Crap! Dow Down 700+ --> GLP DOOM IS WORKING!
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Something Other
User ID: 497216
10/6/2008 3:25 PM | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
WTF is "PPT?" Quoting: Anonymous Coward 517610
Plunge Protection Team |
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Anonymous Coward
User ID: 515785
10/6/2008 3:25 PM | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
I predict a -250 close. Quoting: Anonymous Coward 16827
market meltdown? CANCELLED
i predict -50pt close.
LIFE IS BEAUTIFUL |
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Anonymous Coward
User ID: 511963
10/6/2008 3:26 PM | |
Anonymous Coward
User ID: 514255
10/6/2008 3:26 PM | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
Plunge protection team.
Its a bunch of bush's plumbers who come in and fix the shithouses when all the traders crap themselves. |
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Anonymous Coward
User ID: 515547
10/6/2008 3:26 PM | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
-546 |
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tattedkat
User ID: 518621
10/6/2008 3:27 PM | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
That, he said, is being reflected in major stock indexes being repriced significantly lower. In late afternoon trading, the Dow Jones industrial average fell 800 points, then recovered slightly in erratic trading to a loss of 764.38, or 7.40 percent, to 9,561.00, dropping below 10,000 for the first time since Oct. 29, 2004. The Dow surpassed its previous record for a one-day point decline -- 778, which the blue chips suffered a week ago when investors feared the bailout package might not pass Congress. |
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starlight_afar
User ID: 507666
10/6/2008 3:28 PM
 | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
Feds printing & putting more money into the stock market makes it go up as usual. |
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Anonymous Coward
User ID: 518978
10/6/2008 3:28 PM | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
If we have another couple of weeks like this you can turn off the light.
This is gonna hunt us for the next ten years to come, if it is not getting worse.
If the dow doesn't rebounce tomorrow the mother of all crashes is upon us.
Tomorrow is the day of reckoning. Either it holds or it breaks. |
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Something Other
User ID: 497216
10/6/2008 3:29 PM | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
10K here we come, lame. |
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starlight_afar
User ID: 507666
10/6/2008 3:29 PM
| | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
Nay, the Feds will just keep printing money and putting it back into the stock market. |
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SixEyedcheeseball 
Welcome
User ID: 517281
10/6/2008 3:30 PM
 | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
Good doom the toilet still works. and the lights are on my kinda of doom. 
Don't do this Naked. |
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Anonymous Coward
User ID: 518220
10/6/2008 3:30 PM | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
A rebound of near 400pts
10,000 in its sights.
Very funny. |
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Anonymous Coward
User ID: 496448
10/6/2008 3:31 PM | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
 |
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rancelot
User ID: 240916
10/6/2008 3:32 PM | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
Although stocks tumbles 800 points today, the PPT cavalry came to the rescue with only a hour to spare. The loss has been quenched to -491.50; closing in 40 minutes. The after hours sell-off should bring that considerably lower for tomorrow's bloodbath. Bernanke has no choice but to announce another emergency rate cut of 100 basis points tomorrow. This probably will not be enough to stem the decline, but it will stabilize the situation somewhat.
Wall Street tumbles amid global sell-off
By JOE BEL BRUNO, AP Business Writer 8 minutes ago
NEW YORK - Wall Street suffered through another traumatic session Monday, with the Dow Jones industrials plunging as much as 800 points and setting a new record for a one-day point drop as investors despaired that the credit crisis would take a heavy toll around the world. The Dow also fell below 10,000 for the first time since 2004, and all the major indexes fell more than 7 percent.
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The catalyst for the selling was the growing realization that the Bush administration's $700 billion rescue plan and steps taken by other governments won't work quickly to unfreeze the credit markets. Global banks, hobbled by wrong-way bets on mortgage securities, remain starved for cash as credit has dried up.
That sent stocks spiraling downward in the U.S., Europe and Asia, and drove investors to sink money into the relative safety of U.S. government debt. Fears about a global recession also caused oil to drop below $90 a barrel; and the benchmark index that gauges fear in the market jumped to the highest level in its 18-year history.
"The fact is people are scared and the only thing they're doing is selling," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research. "Investors are cleaning out portfolios and getting rid of everything because nothing seems to be working."
The selling was so extreme that only 67 stocks rose on the NYSE — and 3,155 dropped. That's a telling sign considering the stock market is considered a leading economic indicator, with investors tending to buy and sell based on where they believe the economy will be in six to nine months.
Monday's steep decline on Wall Street indicates that investors are becoming more convinced that the country is leading a prolonged economic crisis that is spreading to other nations. Over the weekend, governments across Europe rushed to prop up failing banks, while the governments of Germany, Ireland and Greece also said they would guarantee bank deposits.
As the U.S. tries to repair its battered banking system, the German government and financial industry agreed on a $68 billion bailout for commercial-property lender Hypo Real Estate Holding AG. And France's BNP Paribas agreed to acquire a 75 percent stake in Fortis's Belgium bank after a government rescue failed.
The Fed also took fresh steps to help ease credit markets. The central bank said Monday it will begin paying interest on commercial banks' reserves and will expand its loan program to squeezed banks.
Joseph V. Battipaglia, chief investment officer at Ryan Beck & Co., said government intervention certainly might help. However, he believes investors are sensing that what's happening in the economy is a shift in the extent to which consumers and businesses take on debt, a change that will take years to play out.
"This is a global deleveraging of many economies," he said. "It might appear that you're going into the abyss where the economy grinds to a halt and the financial system goes into complete disarray. But, what the market is really reading here is that this is a global phenomenon, and when you delever like this, it is a process that takes a very long period of time measured in years, not quarters."
That, he said, is being reflected in major stock indexes being repriced significantly lower. In late afternoon trading, the Dow Jones industrial average fell 800 points, then recovered slightly in erratic trading to a loss of 764.38, or 7.40 percent, to 9,561.00, dropping below 10,000 for the first time since Oct. 29, 2004. The Dow surpassed its previous record for a one-day point decline — 778, which the blue chips suffered a week ago when investors feared the bailout package might not pass Congress.
[link to news.yahoo.com]
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starlight_afar
User ID: 507666
10/6/2008 3:32 PM
| | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
Closing soon, most likely 400 down for the DOW. |
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Anonymous Coward
User ID: 518813
10/6/2008 3:34 PM | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
Closing soon, most likely 400 down for the DOW. Quoting: starlight_afar
More money they print more inflation for us. |
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Red Hot Chilean Pepe (nli)
User ID: 518996
10/6/2008 3:36 PM | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
Fucking PPT, why they don't let it go, why try to keep the sheep hoping for the best if the economy has been death for months, and now even the strongest "perfumes" in the shape of bail outs can't avoid the putrid stench to infest anything? |
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Anonymous Coward
User ID: 515785
10/6/2008 3:39 PM | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
You fucking idiots. It's not the PPT but the Zetas that are trying to save human mankind.
Zetas are buying stocks. |
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Anonymous Coward
User ID: 518953
10/6/2008 3:40 PM | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
Fucking PPT, why they don't let it go, why try to keep the sheep hoping for the best if the economy has been death for months, and now even the strongest "perfumes" in the shape of bail outs can't avoid the putrid stench to infest anything? Quoting: Red Hot Chilean Pepe (nli) 518996
doesn't matter, let them try, it's too late
we know what
they are kidding only themselves now |
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Anonymous Coward
User ID: 515785
10/6/2008 3:41 PM | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
Fucking PPT, why they don't let it go, why try to keep the sheep hoping for the best if the economy has been death for months, and now even the strongest "perfumes" in the shape of bail outs can't avoid the putrid stench to infest anything?
doesn't matter, let them try, it's too late
we know what
they are kidding only themselves now Quoting: Anonymous Coward 518953
and Erin Burnett. Maria is a whore. |
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Anonymous Coward
User ID: 518733
10/6/2008 3:50 PM | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
ALL HAIL THE MIGHTY PPT:
9,964.66
-360.72 (-3.49%) |
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Anonymous Coward
User ID: 518603
10/6/2008 3:51 PM | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
-350
looks like its not going to close too bad.
I still predict -450 |
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Anonymous Coward
User ID: 433183
10/6/2008 3:53 PM | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
what the hell is ppt doing ?, going from -800 to -300 |
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Anonymous Coward
User ID: 498716
10/6/2008 3:53 PM | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
somebody really really wants the dow to close above 10,000 |
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Anonymous Coward
User ID: 515785
10/6/2008 3:54 PM | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
somebody really really wants the dow to close above 10,000 Quoting: Anonymous Coward 498716
yeah |
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Anonymous Coward
User ID: 482464
10/6/2008 3:54 PM | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
ALL HAIL THE MIGHTY PPT:
9,964.66
-360.72 (-3.49%) Quoting: Anonymous Coward 518733
Ah hush, their actions are temporary at best and futile. They cant fix trust, they only slow things down. |
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Anonymous Coward
User ID: 281247
10/6/2008 3:55 PM | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
yes they are pouring alot of money into it right now, |
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Anonymous Coward
User ID: 518603
10/6/2008 3:55 PM | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
fuck its back over 10K |
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Anonymous Coward
User ID: 495109
10/6/2008 3:56 PM | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
my prediction
I am right
9996.66
Satan
watch me im coming to visit you soon glp sheep.... |
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tomorrow
We Are Here
User ID: 518005
10/6/2008 3:56 PM
 | | Re: Crap! Dow Down 700+ --> GLP DOOM IS WORKING! | Quote |
We will close at 10,000 in five minutes. |
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