Dow Futures Dropping Fast

CNN ^ | 11/27/2009 | NA

[prisoner6]

Dow Futures down 327 as of 2:41AM.

NASDAQ down 70.75.

S&P down 41.70.

[A Navy Vet]

Not surprised.

I cashed out last week and when the SHTF in the coming "double dip", what a great buying opportunity that will be. I've learned my lessons.

Buy on fear; sell on greed. It works every time, if you're willing to take some profits and not wait for the top.

[familyop]

Well, that little scheme was a flash in the pan. So will be the threatened follow-ups, if the threat issued for the free traitors by Wahid was anything more than a bluff. And there will be consequences. ...kinda like watching a catfight version of the bad and the ugly from my perspective...all lefty globalists.

[Halgr]

Leveling off and on the rise again....

-207 for the moment

[Halgr]

Ooops...spoke too soon

-228 now

[prisoner6]

Interesting you mention that! The Dubai thing is the big gorilla but I just ran a local story about a Spanish owned windfarm about 70 miles east of Pittsburgh that is laying off around 150 employees...over half of its workforce because of "economic downturn."

If you ask me they've known about the problems with the green movement and climate change for a long time and are getting out while they can.

Link to Post gazette story"

Sorry, I'm busy at work and typing fast, LOL!

prisoner6 prisoner6

[Rocco DiPippo]

Also, ignore technicals (graphs). No one makes any real money off those stupid charts."

I have -- many, many times.

[LukeL]

I am a sucker for Kitcos charts and graphs on silver and gold. If only I would have bought a tiny bit of Rhodium a while back.

[usconservative]

The Dubai thing is the big gorilla

I've been stuck in the Upper Penninsula of Michigan without the news, what's the Dubai thing? Link to something I can read up on?

[prisoner6]

DA YOOPERS! YAH!

Here's a link to one article...World markets are dropping because Dubai Ports can't pay it's debtors.

marketwatch

prisoner6

[RSmithOpt]

But Obozo said that, that....that, uhhh, ummmm, duh, well, the greenie weenie big genie liar jobs would lead the US into the next phase of prosperous job creation?

BTW, a good top of the morning to ya, Po6!!!

I wonder if refiners and Big Oil already has the numbers in on gallons of motor fuel bought Monday-Wednesday?

Black Friday may get a new definition today when US markets open.

[usconservative]

Thanks, off to read now ...

[maggief]

http://www.bloomberg.com/apps/news?pid=20601091&sid=ai9qojctV7q4

[prisoner6]

Mornin' RSO!

Black Friday may get a new definition today when US markets open

That's exactly what I was thinking.

prisoner6

[Racer1]

And the crooked shorts that helped fuel the fire laugh.

[RSmithOpt]

I bet the CRU ‘scientists’ are being called in this weekend to Dubai World to assist in expert data manipulation???

[Dixie Yooper]

I've been stuck in the Upper Peninsula of Michigan without the news

If everything goes to crap, The UP is my first choice of places to hold up.

[GOPJ]

But I will say this, when all these pretender nations realize how long and hard we fought for a stable true and tried system they will come running back to safety...

In spite of Obama's over the top spending? I hope you're right.

[usconservative]

If everything goes to crap, The UP is my first choice of places to hold up.

I'm just up here for the Thanksgiving holiday and what's left of hunting season. We're headed back home tomorrow.

I just turned 47, I'll probably be retiring up here in the next 3-5 years (as planned) assuming the markets recover by then. Just finished reading a couple of links provided in this thread, looks like today will be a rough day, fortunately I didn't read of any American owned banks caught up in the fray, but time will tell on that I guess......

The good thing about a stronger dollar is that commodities will be cheaper, that's equivalent to a tax break. Unfortunately the markets are going to see it differently, but the reality is we needed a stronger dollar sooner or later to keep the recovery moving along.

[RSmithOpt]

I always thought that Dubai World's real estate investments were a bit overreaching in that when the global economic cycle bottoms (as it always does) the rich man's returns would be seriously affected because of the poor man's lack of work and goobermint instituted inflation.

Most of Dubai's commercial real estate, condos, etc., are close to 50% empty as I type.....that wasn't in the article either. Roughly 20% of all recent new commercial real estate builds is unfinished........Interesting. Also, after tracking the BAltic Dry Index as a general indicator for global goods transport....doubt revenues are anywhere close to 50% at the container ports too compared to the bubble from the recent artificial global credit orgy.

[RSmithOpt]

didn't read of any American owned banks caught up in the fray

I'd like to know how much US 'investment bank' $$ are tied to Dubai World's derivatives Ponzi scheme??