"I want trading reopened right now. Get those brokers back in here! Turn those machines back on!"
Posted on 01/21/2008 9:50:32 AM PST by mojito
Equities sank on Monday, tracking sharp losses across Asia, after financial stocks seen as being exposed to the bond insurance market were stung.
By the close in London, the main European indices were . The FTSE Eurofirst 300 was down 5.1 per cent to 1,288.80, Frankfurt’s Xetra Dax shed 6.7 per cent to 6,825.63 . The CAC 40 in Paris lost 5.8 per cent to 4,798.66, and London’s FTSE 100 sagged 4.6 per cent 5,633.8. These were the worst one-day falls since September 11, 2001.
The Eurofirst 300 and the CAC 40 were in technical bear-market territory, having fallen more than 20 per cent since their 2007 peaks.
The losses in Europe followed heavy falls in Asia as investors gave US President George W. Bush’s stimulus package a lukewarm response. In Japan, the benchmark Nikkei 225 tumbled 3.9 per cent to a 27-month low of 13,325.94. It has lost a quarter of its value in the past six months.
”Equity markets greeted the news [of the stimulus package] with a resounding thud,” said Sue Trinh at RBC Capital Markets.
Hong Kong’s Hang Seng declined 5.5 per cent to 23,818.86, while Australian stocks extended their losing streak to 11 straight sessions.
Stock markets were also struggling for direction because US markets are closed for a national holiday on Monday, but US equity index futures were sold off steeply.
(Excerpt) Read more at ft.com ...
A recession will knee-jerk hitlery right into the white house.
My wifes 401 has been dropping like a rock in her capital preservation fund :-(
This is HUGE folks; a day we’ll likely remember.
"I want trading reopened right now. Get those brokers back in here! Turn those machines back on!"
hmmmmm, I am to like you write like in Institutional multinational eye-spy community (all three) from Directive of Education in Criminal Law, Multinational, International and Business Monitoring Service. From specialty in Communication Law and Servitude of the plenty you are Mercerizing the pathway of communication speech and written!
A job for you: see
http://www.mercerforpresident2008.com/home.html
hmmmmm, I am to like you write like in Institutional multinational eye-spy community (all three) from Directive of Education in Criminal Law, Multinational, International and Business Monitoring Service. From specialty in Communication Law and Servitude of the plenty you are Mercerizing the pathway of communication speech and written!
A job for you: see
http://www.mercerforpresident2008.com/home.html
It would be better if NY were open today.
Tomorrow we could see three days of pent-up fear released in a flash, especially if Asia and Europe continue to crash tonight.
I hope the circuit breakers are working on the Exchange.
Which is why people like us have to educate those grandparents, aunts, uncles, friends, etc., that investing is a long-term strategy. The markets have weathered ups and downs in the past, but in the long run, the trend has been up.
You mean flipper homes?
>>I just hope the baby boomers were smart as they got older and moved their retirement plans into safer investment vehicles.
Why should it?
Thats okay, I doubled down on my Frozen Orange Juice Concentrate futures.
I went short the other day. QID’s and Dogs. Yahoo!
The is the first freakin’ time I called it right!
Carolyn
Should have been done last week. Now it is too late. The panic is already here.
Carolyn
The only things that can re-create the OJ bull are an expansion of greening (and Brazil does have some problem here) and/or another vicious hurricane season.
Without one of those eventuations, you'll see $1.00/lb in OJ before you'll see $1.90.
Bwah hah hah hah .... IT’s time to buy, buy, buy from the little panicing schmegs, If only my money wasn’t still at the laundry.(Dr. Evil)
You do realize that you have unveiled a tightly held secret about history that the politically correct professors have worked since 1945 to keep hidden. You are now marked for re-education, expect the people who protect "The National Treasure" to appear on your doorstep soon.
You do realize that you have unveiled a tightly held secret about history that the politically correct professors have worked since 1945 to keep hidden. You are now marked for re-education, expect the people who protect "The National Treasure" to appear on your doorstep soon.
The Bear must frighten away the pesky little bees before he can have all of the honey.
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