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Dow Futures Dropping Fast
CNN ^ | 11/27/2009 | NA

Posted on 11/26/2009 11:56:47 PM PST by prisoner6

Dow Futures down 327 as of 2:41AM.

NASDAQ down 70.75.

S&P down 41.70.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: blackfriday; dow; dubai; dubaishock; dubaiworld; futures; markets
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To: prisoner6

You & Halgr Shorting the market, eh? Wouldn’t be the first time people come here and post vacuous statements meant to get everybody in a tizzy.

It use to happen a lot on AOL chat boards; some broker would break into the conversation with a headline about some company going belly up soon or whatever.

I see they moved up and over to FR.


101 posted on 11/27/2009 5:05:19 AM PST by HD1200
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To: AmericanInTokyo
Dow is crawling back to -222. Printing press is still doing its work.:-) Gold dropped hard. Dollar carry trade is ‘temporarily’ unwinding? Or would it be more extended?
102 posted on 11/27/2009 5:15:18 AM PST by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: RSmithOpt
Wouldn't you want to spend $1.5 - $5.5 million for this flat ocean / beach view???

I couldn't imagine ever having enough money that I might consider buying one of those places.

103 posted on 11/27/2009 5:18:15 AM PST by fso301
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To: fso301
Guess you still retain a major sum of personal integrity. If could temporarily place your mind into that of a lawyer, a politician, a crack whore - a heroin addict - a thief.... or Bernie Madoff, you could easily imagine that kind of money.

Personally, I'm with you. I, first do not have that kind of money either, and I do not entertain the thoughts of self induced nightmares of the above mentioned type of people.

104 posted on 11/27/2009 5:23:47 AM PST by RSmithOpt (Liberalism: Highway to Hell)
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To: HD1200
Personally, I hope your take is the correct one and we do not go down the toilet, however, with a domestic economy that relies on 70% of consumer spending and a goobermint spending like drunken sex starved sailors......I cannot help but side with P06's analysis.....wisdom is a commodity that is neither bought nor sold....it is learned.

I say that because whatever people on the boob tube say, I know it's either a lie to promote an agenda or a lie for a sucker play to relieve people of their cash.

105 posted on 11/27/2009 5:29:26 AM PST by RSmithOpt (Liberalism: Highway to Hell)
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To: prisoner6

See my post #105.


106 posted on 11/27/2009 5:33:56 AM PST by RSmithOpt (Liberalism: Highway to Hell)
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To: RSmithOpt
The timing is too coincidental as Dubai World was already taking it on the chin since last spring.

I agree.

107 posted on 11/27/2009 5:36:20 AM PST by GOPJ (Global warming's a lie. A scam. A con. It's sooooo OOOO-VER...)
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To: RSmithOpt

Thanks for the information. My impression is quite a few folks don’t understand the concern they should have about Dubai. Last year it was another major player who tipped the foreign markets that caused the run on the window. These guys are bigger, the question is do they have more control? I am doubting it as they are using the same group as GM to reorganize. Markets don’t like uncertainty.


108 posted on 11/27/2009 5:38:19 AM PST by EBH (it is the Right of the People to alter or to abolish it, and to institute a new Government)
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To: EBH
Too many 'brokers' and analysts on Wall Street focus on tiny segments of info related to their investment arena.

What we are not seeing is the real story on all the players, who, when, how much, meetings, etc that tie it all together with the global derivatives sham.

A lot of real money has already been skimmed off the top with nothing but defaults and seriously depreciated assets left on the books.

What the crooks are now doing is pawing and buying off the politicians to protect them (the crooks) and at the same time, hand the bill to the common man while a few wealthy elite laugh about it on the back of their yachts eating caviar and drinking $200 / bottle champagne.

There are several here now on FR that will (and have) told me I need to take off my foil hat....so did the 4 brokers I know that no longer work in the industry and one has lost his house and 2 new vehicles. (during the NASDAQ 1998 pimp up).

109 posted on 11/27/2009 5:55:03 AM PST by RSmithOpt (Liberalism: Highway to Hell)
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To: RSmithOpt
US Banks being hit this morning from bloomberg.com:

Bank of America Corp. (BAC US) lost 3.6 percent to $15.37. JPMorgan Chase & Co. (JPM US) retreated 3.5 percent to $40.70. Citigroup Inc. (C US) fell 5.8 percent to $3.93. Wells Fargo & Co. (WFC US) dropped 3.3 percent to $26.90. Goldman Sachs Group Inc. (GS US) slumped 2.9 percent to $164.

Going to be a tough day for financials and commodities.

110 posted on 11/27/2009 5:59:24 AM PST by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: usconservative
I'm just up here for the Thanksgiving holiday and what's left of hunting season.

Where are you at? I was born and raised near Iron River.

111 posted on 11/27/2009 6:04:29 AM PST by Dixie Yooper (Ephesians 6:11)
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To: usconservative
From now to the end of the year and mid 1Q 2010....a big slide will occur on Wall St. Then the slide will soften some as the SRM gets its marching orders for OZero & Co. to spin the living daylights out of the fast snowballing wad of bad economic news.

Starting the first of 3Q 2010, the bottom will fall out as the pace of commercial real estate implodes......all bets are off then as another $250-$350 billion in option arms and alt-A's begin their resets in the mortgage industry.

After that carnage takes place, the Feds will start a fast pace ramp up in rates.

The Feds are now allowing the big banks to wiggle as much as possible to lessen the impact of the upcoming disaster.

112 posted on 11/27/2009 6:14:50 AM PST by RSmithOpt (Liberalism: Highway to Hell)
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To: RSmithOpt

So then where do I park my 403b, which is currently all cash since late July when the previously predicted meltdown was to occur?

My choices are limited to Vanguard funds.


113 posted on 11/27/2009 7:22:13 AM PST by Yo-Yo
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To: Yo-Yo

If you got out last July, you should be giving advice not taking advice from know it alls on the internet.

My recommendation: would be a mix of foreign stock funds, foreign bond funds, commodity/energy/metal type funds. Leaving a portion in cash, the bigger the portion if you are close to retirement.


114 posted on 11/27/2009 7:26:05 AM PST by NeoCaveman (you betcha)
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To: Yo-Yo

Good question....I’m in the same boat with limited choices for the 401K. That’s why, when I can, I read FR and everyone’s opinions concerning money & investments and the corrupt world of politics and finance......Only the Bilderburgers know......


115 posted on 11/27/2009 7:31:55 AM PST by RSmithOpt (Liberalism: Highway to Hell)
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To: NeoCaveman
I'm 40% bonds (mostly corporate w/ a mix of foreign in that), 30% foreign stock, and 30% mid-cap domestic. I moved summer of 2007 from 50% financial focused funds to the bond fund (only 4.5% is US goobermint bonds). I smelled the BS coming. I plan to hold until a fund or 2 shifts more towards energy / commodities.

I'm at least 12 years away from a greeter at Wally World or janitor.

Oughta-be a fun move from working in a R&D lab the last 25 years. LOL!!

I'm thinking about asking Walter & Bubba (Jeff Dunham) on advice for being a Wally World Greeter.


116 posted on 11/27/2009 7:41:50 AM PST by RSmithOpt (Liberalism: Highway to Hell)
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To: RSmithOpt

bttt


117 posted on 11/27/2009 8:25:28 AM PST by Cvengr (Adversity in life and death is inevitable. Thru faith in Christ, stress is optional.)
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To: RSmithOpt

Pretty much agree with your assessment about commercial RE. On the upside, 2011 will be the year of REIT’s. You read it here first. No, I’m not a broker nor do I play one on TV. However, I have stayed at a Motel 6...haha.


118 posted on 11/27/2009 10:36:34 AM PST by A Navy Vet (An Oath Is Forever.)
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To: NeoCaveman
Pretty solid advice, especially energy. The emerging markets are producing more middle and upper class consumers by the day, even with their own downturn.

Once the World re-groups, BRIC will skyrocket, although I no longer believe Russia should be included because of their limited exports (mainly oil and weaponry) and their unreliable politics. They are so old world, much like western Europe that is stagnant and whose population is not growing but is growing older and just not consuming nor producing. Of course there are the exceptions. I have a large position in British Petroleum (BP)...but again, energy and international at that.

China and India are the future of world growth and wealth, along with a few others. I never thought I'd see the day when China's government is more pro capitalism than the US fedgov. But it's happening before our eyes.

119 posted on 11/27/2009 11:07:34 AM PST by A Navy Vet (An Oath Is Forever.)
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To: Daisyjane69
Since I am not a homeowner

IMHO, that counts in your favor I'm thinking. Can you hear the equity "flush" from where you are? ; )

Seriously, this will hit people who can't evade the fallout the worst. Having a home makes you a stationary target.

120 posted on 11/27/2009 11:19:30 AM PST by Caipirabob (Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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