No worries. They'll be coming to my place first, and are in for quite the surprise when they ring my doorbell.
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 ...
Well, in principle, anyway. Only principled investors invest their principal there.
>>I think God was looking after us.
Yep, He does that :-)
Prayers up for your daughter.
Bzactly.
Sheisekopfs!
Yep, I remember those threads well.
I’m wagering we won’t be hearing much from those folks as the markets hammer their way downwards.
Some were flat-out removed. Apparently the moderators didn’t like reality in larger doses.
I’m guessing the moderators will soon be removing people who make historical comparisons between President Bush and President Hoover and how the GOP was sent wandering into the political wasteland for a long, long time because they refused to take control of an easily foreseen situation early enough to do some good. The various proposals being bandied about DC for stimulating the economy are far too little, far too late. The credit market is not going to be put back together by either the Fed or the Congress, unless the Treasury starts buying money center bank debt.
God Bless you and your daughter....God works like that...it’s what HE does!
Raise rates sufficient to stop inflation (Between 5 and 7%) and let the chips fall where they may.
Black Tuesday coming.
that's exactly what you're seeing. look at the dollar today.
There are also people who are out of luck even with SS - they have evil relations who take their money. There is NO safety except that from above, and I’m not even much of a believer. I know people who have SS, yet still manage to waste it or have it stolen.
No worries. They'll be coming to my place first, and are in for quite the surprise when they ring my doorbell.
"Wouldn't it be WONDERFUL if people who can't really afford homes could get them?"
Well, the kindness paid off...the wolves repocessed the homes the sheep bought with public-school level math skills.
This has all happened before; some scheme in the markets fails and everything else shudders. Problem is that all the markets are so interrelated that when we cough, Japan gets the cold, Europe gets the flu...and coughs on us.
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