US Stock futures already at -347 points at 5:59am EST.

CNBC ^ | 08/24/15

[grania]

It’s BOTH GWB and Obama’s fault. Just about everything that’s gone wrong started with GWB and escalated with Obama.

[Stentor]

Last I heard, some huge technical refinery problem in the midwest.

Yeah! That's the ticket. "And then I woke up on a surf board in the middle of the ocean. and a mini tidal wave..."

[catfish1957]

I am considered by many to be among the savvy of investors. Since 1986, I have averaged a return of 14.57% annually. I honestly can not say, nor can anyone else where the bottom is. For me, a re-entry point feet first will be fishing for good companies with the DOW somewhere between 10-12K.

One of the best pieces of advise I got 30 years ago, was that the best investments happen on the bargain that when the masses have just passed the exit sign. Worked for me in 1987, and in 2009.

I for one am ansy again for some buying opportunies,

[Chgogal]

I am sick and tired of people HERE on a “conservative” site bashing their own.....

Never mind,.....I am talking to rabid morons.

[Stentor]

I moved everything out of the market to safe accounts mid-July...

Are the "safe" accounts in a pile that you can stand in front of with an AR15?

[JudyinCanada]

No...but seriously considering that next.

[Enlightened1]

-562 at 7:54am EST....

and the markets STILL do not open for 1 hour.

[PreciousLiberty]

According to Yahoo Finance, now at -553, 7:53 EDT!

Should be an interesting day on Wall Street...

[bert]

it is sanctimonious self righteousness driving a desire to increase self esteem

[PreciousLiberty]

GWB had his strong points as POTUS, but fiscal conservatism wasn't one of them...

He also enabled Congress more than he should have.

[PreciousLiberty]

BTW, the NASDAQ looks as though it'll be hammered even worse, -193 for 4.5% versus 3.4% for the Dow.

Crazy stuff...

[jpsb]

Will Wall Street even open? Isn’t there a rule about not opening if the market is in free fall.

[SampleMan]

Speaking of that - any idea why we’re not seeing lower gas prices at the pump? They should be way down from what they are.

Dropped 10 cents overnight to $2.19, here in Jacksonville, FL.

[PreciousLiberty]

Here in Charleston SC area, prices have broken below $2.00, with a local Walmart at $1.91 and several other places at $1.96.

Last I heard this area was among the cheapest in the country for gas right now... I expect if crude prices don't jump we'll be flirting with $1.50 or lower this fall.

[Jack Hydrazine]

I wanna see Jim Kramer have another meltdown like the one he had in 2007.

https://www.youtube.com/watch?v=SWksEJQEYVU

[Chgogal]

What part of rabid moron do you NOT understand?

Obama will have added $10 Trillion to the National Debt not to mention Obamacare, Frank-Dodd, EPA executive orders, immigration, etc. Bot you rabid morons blame Bush.

How do you think Democrats win? They blame us and you rabid morons agree them. IDIOTS!

[catfish1957]

Will Wall Street even open? Isn’t there a rule about not opening if the market is in free fall

Wasn't 100% sure about the circuit breaker rules, but his is what I found at wikipedia..... Expect to see it invoked at some point today.

"'Following the Black Monday market crash in 1987, NYSE imposed trading curbs to reduce market volatility and massive panic sell-offs. Following the 2011 rule change, at the start of each trading day, the NYSE sets three circuit breaker levels at levels of 7% (Level 1), 13% (Level 2), and 20% (Level 3) of the average closing price of the S&P 500 for the preceding trading day. Level 1 and Level 2 declines result in a 15-minute trading halt unless they occur after 3:25pm, when no trading halts apply. A Level 3 decline results in trading being suspended for the remainder of the day.[31] (The biggest one-day decline in the S&P 500 since 1987 was the 9.0% drop on October 15, 2008.)"

[ShadowAce]

GWB is not and never was a conservative.

He's a Republican. Big difference.

[Enlightened1]

It’s -599 now....

I don’t know if there are breaks before the market opens.

It appears to be dropping 100 points per hour.

So we should be at -600 at the open of the market.

[jpsb]

thanks for the info, might be an interesting day today.