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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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To: FlingWingFlyer

Dow futures down 297 ...


21 posted on 08/07/2011 3:37:27 PM PDT by OwenKellogg (Downgrade POTUS)
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To: P.O.E.

GOLD spiked $28 in the first MINUTE of trading....

Foriegn money for looking for a safe place to go, OUTSIDE of America.

This could swing 300+ either way. You could make BIG MONEY tonight if you bet right.


22 posted on 08/07/2011 3:41:22 PM PDT by tcrlaf (PREFRONTAL LOBOTOMISTS FOR OBAMA2012!)
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To: OwenKellogg
As someone said on one of the stock boards I monitor: OhCrapOhCrapOhCrapOhCrapOhCrapOhCrapOhCrapOhCrapOhCrapOhCra​pOhCrapOhCrapOhCrapOhCrapOhCrapOhCrapOhCrapOhCrapOhCrapOhCrap​OhCrapOhCrapOhCrapOhCrapOhCrapOhCrapOhCrapOhCrap!!!! OhCrapOh​CrapOhCrapOhCrap!!!
23 posted on 08/07/2011 3:43:29 PM PDT by tcrlaf (PREFRONTAL LOBOTOMISTS FOR OBAMA2012!)
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To: tcrlaf

Bet ?


24 posted on 08/07/2011 3:44:08 PM PDT by UB355 (Slower traffic keep right)
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To: tcrlaf

HOLY CRAP FOLKS....

Take a look at what the Dow is doing right now in New Zealand. And it’s BIG TURNOVER VOLUME for this market.


25 posted on 08/07/2011 3:45:35 PM PDT by tcrlaf (PREFRONTAL LOBOTOMISTS FOR OBAMA2012!)
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To: tcrlaf

It could truly be a roller coaster ride, or it could just go down — there’s no way to predict the outcome.

Biggest impact will likely be felt in the weeks & months to come.


26 posted on 08/07/2011 3:46:03 PM PDT by OwenKellogg (Downgrade POTUS)
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To: OwenKellogg

Bloomberg has the DOW down at -320


27 posted on 08/07/2011 3:47:22 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
In The Wake Of One Of The U.S's Biggest Financial Setbacks - Obama Did Nothing To Calm investors.


28 posted on 08/07/2011 3:47:59 PM PDT by NoLibZone (Life as Nancy Pelosi knows & wants it, must end, Life As Nancy Knows it is to raise Debt 10% annualy)
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To: tcrlaf

Bookmark


29 posted on 08/07/2011 3:49:23 PM PDT by GOPRaleigh (I cannot afford any more hope and change)
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To: spokeshave

CNBC is trying to soften the bad news — they’ve always been market cheerleaders.


30 posted on 08/07/2011 3:50:10 PM PDT by OwenKellogg (Downgrade POTUS)
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To: tcrlaf
Wouldn't doubt gold over $1,700 before close tomorrow. I saw it hit $1,695 on APMEX.
31 posted on 08/07/2011 3:51:20 PM PDT by Errant
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To: OwenKellogg

DOW FUTURES NOW DOWN -332 and FALLING...

Look Out Below!

HOLY CRAP, it dipped to -341!


32 posted on 08/07/2011 3:54:38 PM PDT by tcrlaf (PREFRONTAL LOBOTOMISTS FOR OBAMA2012!)
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To: FlingWingFlyer

Where’s that pic of the wide-eyed kid holding on for dear life as the coaster goes over the top? :-)


33 posted on 08/07/2011 3:57:46 PM PDT by Oatka ("A society of sheep must in time beget a government of wolves." –Bertrand de Jouvenel)
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To: Errant

Gold up in: USD
Gold down in: CHF
Gold down in: GDP


34 posted on 08/07/2011 3:58:07 PM PDT by tcrlaf (PREFRONTAL LOBOTOMISTS FOR OBAMA2012!)
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To: tcrlaf

e-trade baby loses his life savings

enjoy!

http://www.youtube.com/watch?v=W4hfdaC7eL4


35 posted on 08/07/2011 3:58:07 PM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: NoLibZone

Where has the dear leader been all weekend?

On a bender at Camp David?


36 posted on 08/07/2011 3:59:28 PM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: Errant

If Gold is that high now, what happens after Hong Kong opens?


37 posted on 08/07/2011 4:00:30 PM PDT by tcrlaf (PREFRONTAL LOBOTOMISTS FOR OBAMA2012!)
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To: silverleaf

Well he sure as chit was not out consoling families of our troops that died this weekend! (SPIT!)


38 posted on 08/07/2011 4:01:41 PM PDT by MagUSNRET
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To: silverleaf
Where has the dear leader been all weekend?

On a bender at Camp David?

Toasting the downfall of capitalism, no doubt.

39 posted on 08/07/2011 4:02:09 PM PDT by TADSLOS (Free Republic- Still AAA rated)
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To: tcrlaf
Yep, folks getting out of the USD.

Markets may not get hit that bad, dollar wise. If you want a sickening feelin, look the DOW/Gold ratio chart for the last few years.


40 posted on 08/07/2011 4:04:52 PM PDT by Errant
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