Posted on 10/24/2008 5:43:00 AM PDT by RKBA Democrat
U.S. stock futures pointed to another monumental beating on Friday - with leading contracts falling as much as rules allow -- as a plunge in Asia reignited concerns about the health of the global economy.
S&P 500 futures dropped 60 points to 855.20 and Nasdaq 100 futures fell 85 points to 1,168.50. Dow industrial futures fell 550 points.
All three contracts fell so much that they reached pre-specified limits that can't be broken until pit trading opens.
(Excerpt) Read more at marketwatch.com ...
Markets frozen. Man, should have stayed in bed.
This is getting scary.............
Didn’t Rush say yesterday that the Markets are reacting to the fear of the possibility of an OBAMA presidency?
How low will the DOW go with an OBAMA presidency?
2000 MAYBE?
This is absolutely a “nightmare while awake”
And I’m afraid the worst is yet to come.
All praise the great Obama, ruler of the masses.
We will be standing in soup lines.
The dollar will be worthless, a new currency will be issued.
If you cash in an old $10, you will only get $1 of the new currency.
Actually the dollar has been getting stronger as people are pulling their money out of the emerging markets in favor of (perceived) safety, being the USA.
Perceived being the notable word.
You mean they will give us that much for greenbacks? I doubt it.
“playing a game of checkers on the porch with your best friend and some homeade beer is not really that bad is it? “
Bad? I prefer it.
Maybe living like our parents/grandparents did for awhile will be a healthy dose of reality for many.
Painful at times but necessary..
“2000 MAYBE?”
B-b-but wasn’t the bailout supposed to prevent that??!!
(/s)
Wonder how they will start up the new improoved Ponzi scheme?
Dollar at 13 year low against the Yen.
oops !!! sorry read report backwards ... the yen is at 13 year low ... need more coffee.
Actually, as bad as we screwed up, everyone else did worse. Except Japan. So our currency is getting stronger.
The circuit breakers were tripped about two our ago in the futures. My remaining equity position was trimmed another 10% and it's holding in pre trade.
I guess this needed to happen. A final flush of the toilet.
Hard come...........Easy go!
Unless you're short.
All vertically challenged investors are safe?
The short squeeze rally's are really exciting. If you are short in this market, you are really taking a big risk with a margin account.
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