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Dow Futures Down 200+ Again...Tomorrow Should Be Another Lovely Day
CME Group ^ | 8-8-11 | waus

Posted on 08/08/2011 7:11:16 PM PDT by waus

Dow futures are tanking once again after today's 635 point drop. At 8:43 CST they are down 268.


TOPICS: Business/Economy
KEYWORDS: crashandburnmav; dowfutures; stockmarket

1 posted on 08/08/2011 7:11:28 PM PDT by waus
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To: waus

Asia is getting slaughtered right now.

Hang Sang down over 1500 points.

Nikkei down 400 points

http://finance.yahoo.com/intlindices?e=asia


2 posted on 08/08/2011 7:22:12 PM PDT by The Magical Mischief Tour (If you want a Socialist, vote Democrat. If you want a Democrat, vote Republican.)
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To: waus

WHAT IS THE PROCESS TO REMOVE BONER AS SPEAKER?


3 posted on 08/08/2011 7:22:23 PM PDT by Mr. K (CAPSLOCK! -Unleash the fury! [Palin/Bachman 2012- unbeatable ticket])
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To: waus
Good thing this has absolutely nothing to do with the S&P downgrade ~obamadrone
4 posted on 08/08/2011 7:30:35 PM PDT by frogjerk (Greedo did not shoot first.)
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To: The Magical Mischief Tour

Percent-wise, Hang Seng (HK) is down 7%, and Seoul is down 7.35%, and three other exchanges are down about 4.5%


5 posted on 08/08/2011 7:33:10 PM PDT by yefragetuwrabrumuy
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To: waus
On NPR today, a guest talked about "the thousand point drop".

The host cut him right off:
"Excuse me -- excuse me -- excuse me. I know it dropped quite a bit today, but at no point was it down a thousand points!"

The guest noted that he was including last Thursday and Friday as well.

Host: "Oh. Well. I guess it did drop a thousand points. Go on."

But it's all the fault of the 80 or so Tea Party people in the US House. They are to blame. No one else. [/s]

The Left is in denial, but I don't think they can keep this up for too long.

6 posted on 08/08/2011 7:33:28 PM PDT by ClearCase_guy (The USSR spent itself into bankruptcy and collapsed -- and aren't we on the same path now?)
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To: frogjerk

That village idiot from Texas, HE caused all this. obamadrone2


7 posted on 08/08/2011 7:39:45 PM PDT by Ghost of Philip Marlowe (Prepare for survival.)
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To: ClearCase_guy

Obama and the left is hoping to whip up hysteria in the hopes that it will turn against Republicans. If they’re wrong, they’re destroying themselves.


8 posted on 08/08/2011 7:44:27 PM PDT by yup2394871293
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To: Mr. K

He can be removed with a simple majority vote of the House.

now down 300 points on the futures.

Tomorrow is all about Bernanke and QE3 - will he or won’t he? Count on markets tanking worldwide until we know, and if the answer is no... markets will continue to tank until they reach equilibrium (where they should have been without all the intervention).

If you have funds exposed to this market and don’t really know what’s going on, you could do worse than to be in all cash right now. *disclaimer: I am not a registered financial advisor, this should not be construed as financial advice


9 posted on 08/08/2011 7:45:52 PM PDT by icanhasbailout
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To: waus

When the DOW gets to around 3500 it will be where it should be equity wise.


10 posted on 08/08/2011 7:49:32 PM PDT by dalereed (uity wise!)
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To: icanhasbailout

Dow futures down 212 points as I type this. So, it’s not a point of panic yet, although some powers that be behind the scenes apparently are trying to incite unrest.


11 posted on 08/08/2011 7:51:29 PM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: icanhasbailout

Chinese CPI came in hot. I don’t know if they will tolerate another round of easing, which will push their inflation even higher.


12 posted on 08/08/2011 7:56:25 PM PDT by Rutles4Ever (Ubi Petrus, ibi ecclesia, et ubi ecclesia vita eterna!)
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To: waus
Photobucket
13 posted on 08/08/2011 7:57:56 PM PDT by FlingWingFlyer (Americans need to wean their government off of its dependence on foreign money.)
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To: MeneMeneTekelUpharsin

Dow futures are down 246 right now.


14 posted on 08/08/2011 7:58:39 PM PDT by Rutles4Ever (Ubi Petrus, ibi ecclesia, et ubi ecclesia vita eterna!)
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To: waus
We have a registry for sexual molesters.

Barack 0bama, the members of his administration, Harry Reid and the Senate Democrats and Nancy Pelosi and the House Democrats should all be placed on the Economics Molester Registry and never be allowed to come within 1000 feet of a school or governmental institution for the rest of their lives.

15 posted on 08/08/2011 8:03:55 PM PDT by reg45
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To: waus

The rout in the so-called risk currencies (Aussie dollar, New Zealand dollar, etc) and the rise in the yen is very disturbing. If anything, the forex market is where the Central Banks will intervene.

Ah, this just came over my news feed:

TOKYO (Dow Jones)—Bank of Japan Gov. Masaaki Shirakawa reiterated Tuesday that the central bank is paying particular attention to the negative impact of rises in the yen, which is now hovering around the Y77 mark against the dollar.
“Amid high uncertainties about overseas economies, particular attention must be paid to the negative impact of the yen’s appreciation on the Japanese economy via falls in exports and deterioration in firms’ profits and business sentiment,” Shirakawa told an upper house fiscal and financial affairs committee.
The BOJ chief added that a higher yen could have positive effects by increasing the nation’s purchasing power in the long term, while negatively affecting exports in the short term.


16 posted on 08/08/2011 8:09:08 PM PDT by oblomov
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To: waus

Aso desu ka...

Aug 08 22:53 *DJ 1 Big Non-Japan Bank Seen Buying Dlr/Yen, Euro/Yen Actively - 2 Dealers
Aug 08 22:53 *DJ Unlikely Yen Fall Due to Japan Intervention - 2 Dealers


17 posted on 08/08/2011 8:16:11 PM PDT by oblomov
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To: waus

Man that Tea Party is powerful.


18 posted on 08/08/2011 8:16:49 PM PDT by NavyCanDo
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To: MeneMeneTekelUpharsin

I don’t think that there is any need for anyone to incite anything for this to get rolling on its own. The bottom line problem is that there is negligible confidence in political and financial leadership anywhere in the world except possibly in Switzerland.

Political leaders have lied about the situation time and time again. So have the heads of central banks and major financial institutions. They actually changed the rules to allow large banks to lie about their financial position. The financial leaders have been running Ponzi schemes for years and are the prime movers in the crisis in the first place.

Now it’s all running out at once. Nobody believes lies from politicians anymore, and the fraud in the financial sector is blowing up of its own accord, as was always its nature.

It’s a problem that can’t be solved with bazookas!


19 posted on 08/08/2011 11:42:32 PM PDT by icanhasbailout
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