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Financial Obamageddon-Obama's Super Bowl of Economic Doom Live Thread
TCRLAF, Various | 8-7-11 | TCRLAF

Posted on 08/07/2011 3:07:28 PM PDT by tcrlaf

Something tells me this is gonna be a rough night in the markets, despite the EU's Emergency Decision to monetize the debt of Italy AND GREECE.

The market in Japan (Nikkei) will open first at 5PM PDT, follow by the Chinese market in Hong Kong (Hang Seng)at 6:30PM PDT. Not sure when Singapore opens.

Fox Business will be going LIVE at 9pm.


TOPICS: Business/Economy; Chit/Chat
KEYWORDS: 8811; 882011; aug82011; august82011; collapse; debt; economy; marketstats; obamageddon
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First Breaking:

Dollar Tumbling To Record Low Against Swiss Franc, New Lows Against Yen

http://www.zerohedge.com/news/dollar-tumbling-record-low-against-swiss-franc-new-lows-against-yen

1 posted on 08/07/2011 3:07:35 PM PDT by tcrlaf
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To: tcrlaf

when do they start trading dow futures?


2 posted on 08/07/2011 3:10:32 PM PDT by swamprebel ((jmho))
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To: tcrlaf

I choose not to join in, sorry.


3 posted on 08/07/2011 3:11:33 PM PDT by UB355 (Slower traffic keep right)
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To: tcrlaf

Asian metals markets will be interesting tonight too. T-minus four minutes...


4 posted on 08/07/2011 3:13:10 PM PDT by WhistlingPastTheGraveyard (Some men just want to watch the world burn.)
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To: swamprebel

6PM EDT I think.


5 posted on 08/07/2011 3:14:53 PM PDT by clintonh8r (Happy to be represented by Lt. Col. Allen West (this tagline under review))
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To: tcrlaf

I wonder if the London bookmakers are taking bets on when the Eurozone will collapse. It was a crap idea to begin with.


6 posted on 08/07/2011 3:17:27 PM PDT by clintonh8r (Happy to be represented by Lt. Col. Allen West (this tagline under review))
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To: tcrlaf
Keep an eye on gold!


7 posted on 08/07/2011 3:22:11 PM PDT by Errant
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To: clintonh8r
Gold just spiked to $1687 and rising on Kitco as we speak....

Silver a modest $38.66

8 posted on 08/07/2011 3:23:52 PM PDT by spokeshave (Obamas approval ratings are so low, Kenyans are accusing him of being born in the USA.)
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To: tcrlaf
We may not experience the doom that you are imagining.

The DOW has already lost 10% or so.

We may lose some more but I think the market may have suffered the worst of it.

9 posted on 08/07/2011 3:23:52 PM PDT by Siena Dreaming
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To: Siena Dreaming

S&P futures opened -30


10 posted on 08/07/2011 3:25:03 PM PDT by clintonh8r (Happy to be represented by Lt. Col. Allen West (this tagline under review))
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To: tcrlaf

http://www.isthemarketopen.com/#3


11 posted on 08/07/2011 3:25:27 PM PDT by RetSignman (It's Summertime...the "Goebbles Warmers" are back from hibernation.)
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To: Errant

Holy crap... Gold just soared to $1,686+....


12 posted on 08/07/2011 3:25:35 PM PDT by tcrlaf (PREFRONTAL LOBOTOMISTS FOR OBAMA2012!)
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To: tcrlaf
Dow futures down 249 per CNBC!
13 posted on 08/07/2011 3:25:46 PM PDT by OwenKellogg (Downgrade POTUS)
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To: OwenKellogg

CNBC link ...
http://www.cnbc.com/id/17689937


14 posted on 08/07/2011 3:28:19 PM PDT by OwenKellogg (Downgrade POTUS)
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To: clintonh8r
We'll see where that is about 8 am tomorrow morning.

Like I said we likely will go down some more. But I don't think we will lose as much as the last spell.

15 posted on 08/07/2011 3:28:42 PM PDT by Siena Dreaming
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To: OwenKellogg

Thanks


16 posted on 08/07/2011 3:29:44 PM PDT by corlorde
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To: Siena Dreaming

Asian Pre-Markets seem to be mixed, but the Dow Futures is standing out, BIG-TIME right now...


17 posted on 08/07/2011 3:33:57 PM PDT by tcrlaf (PREFRONTAL LOBOTOMISTS FOR OBAMA2012!)
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To: tcrlaf
Photobucket

Hold on!

18 posted on 08/07/2011 3:34:26 PM PDT by FlingWingFlyer (Americans need to wean their government off of its dependence on foreign money.)
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To: tcrlaf

Wondering if non-US markets will be getting a liquidity influx as money moves to safer havens.


19 posted on 08/07/2011 3:36:53 PM PDT by P.O.E. (Pray for America)
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To: OwenKellogg

Dow Futures DOWN 309 now....


20 posted on 08/07/2011 3:37:18 PM PDT by tcrlaf (PREFRONTAL LOBOTOMISTS FOR OBAMA2012!)
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