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Panic: S&P down over 6%, Dow down over 5%
Bloomberg Terminal | 10/6/08 | Me

Posted on 10/06/2008 7:45:09 AM PDT by Thane_Banquo

Looking at hugh panic in global mkts right now. This is vey series.

Australian dollar off almost 8.6% on the day against the USD. One bank said they are seeing literally NO BIDS in the Australian dollar, which is huge considering that you can usually trade several million with the click of a mouse.


TOPICS: Business/Economy; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: australian; bailout; djia; moneylist; stockmarket; votingwithpocketbook
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To: Wilder Effect

no wire taps

oh I’m afraid there will be...just not on suspected terrorists


61 posted on 10/06/2008 7:58:32 AM PDT by ari-freedom (Betcha they're good. Why shouldn't they be? Their one mistake was giving up me!)
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To: mysterio

I’m almost willing to bet that’s what they actually do.


62 posted on 10/06/2008 7:58:37 AM PDT by savedbygrace (SECURE THE BORDERS FIRST (I'M YELLING ON PURPOSE))
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To: mlocher

If you can’t trust Barney Frank, who can you trust?


63 posted on 10/06/2008 7:58:52 AM PDT by Mr Rogers (Government that is powerful enough to protect you is only one election away from attacking you.)
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To: Thane_Banquo
Very hugh!

It could be ceriois!!

64 posted on 10/06/2008 7:59:20 AM PDT by DrNo
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To: Moonman62

Democrats control the house. They could have passed Paulson’s first egg he laid.


65 posted on 10/06/2008 7:59:23 AM PDT by listenhillary (Should we turn Alaska or Texas into our Galt's Gulch?)
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To: Thane_Banquo

Of course it’s down. These investers know that the same liberal democrats who caused this are still in charge, and they will very likely be in charge for 8 more years.


66 posted on 10/06/2008 7:59:25 AM PDT by xzins (Retired Army Chaplain Pro Deo et Patria)
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To: Thane_Banquo

I thought the bailout was going to prevent this?

ONCE AGAIN THE INTENTIONS OF THE GOVT ARE NOBLE BUT END UP EXACTLY THE OPPOSITE!


67 posted on 10/06/2008 7:59:25 AM PDT by conservativeinferno (My SUV is the urban squirrel's worst predator.)
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To: Thane_Banquo
Well .... DUH!!!!

Congress puked up that turd of a "bailout" bill last week. What did folks expect?

68 posted on 10/06/2008 8:00:10 AM PDT by ArrogantBustard (Western Civilization is Aborting, Buggering, and Contracepting itself out of existence.)
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To: Thane_Banquo

[Traders saying Fed will likely slash rates by end of the day. Here some people speculating 100 bp cut.]

Which will do absolutely nothing. The reason for this mess IS paper money and easy credit. Can’t solve an infection by injecting more of the same bacteria.


69 posted on 10/06/2008 8:00:12 AM PDT by FastCoyote (I am intolerant of the intolerable.)
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To: Perdogg

It may be Obama’s fire, but George Bush and John McCain and John Boehner set the kindling, bought the accelerant, and drove the getaway car.


70 posted on 10/06/2008 8:00:16 AM PDT by pissant (THE Conservative party: www.falconparty.com)
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To: ari-freedom

Oh no, I’m sure many conservatives will be branded as terrorists under an Obama administration and dealt with accordingly.


71 posted on 10/06/2008 8:00:25 AM PDT by thecabal (Conservatives who don't live up to the liberal caricature are now hypocrites.)
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To: evad

"Don't woowy. We have it all undoo contwol."

72 posted on 10/06/2008 8:00:26 AM PDT by Future Snake Eater (My freq'n head hertz...)
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To: Maelstorm

trust me, it won’t be fun for us when the rest of the world tanks. that’s when they get angry...and dangerous


73 posted on 10/06/2008 8:00:41 AM PDT by ari-freedom (Betcha they're good. Why shouldn't they be? Their one mistake was giving up me!)
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To: RockinRight

Well, maybe we need to get Harry Reid to insinuate that he knows of some big insurance company that’s going to go under!


74 posted on 10/06/2008 8:01:22 AM PDT by brytlea (Obama--Keep the change!)
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To: Mr Rogers
If you can’t trust Barney Frank, who can you trust?

And from Mr. Rogers, no less. The most honorable and honest man to walk the face of the earth in the 20th century.

75 posted on 10/06/2008 8:01:27 AM PDT by mlocher (USA is a sovereign nation)
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To: ari-freedom

Will they target the right people?


76 posted on 10/06/2008 8:01:36 AM PDT by listenhillary (Should we turn Alaska or Texas into our Galt's Gulch?)
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To: DannyTN
This is because the bailout took too long to agree on and too much damage was done in the mean time

LOL!

This is a simple crisis today, Europe is melting down. All the real players have switched from fake cooperation to financial protectionism. Germany flipped yesterday. What will happen next is Europe will have an emergency meeting and agree to some new and improved fake cooperation. Won't work of course.

77 posted on 10/06/2008 8:01:57 AM PDT by palmer (Some third party malcontents don't like Palin because she is a true conservative)
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To: Thane_Banquo

"Thanks Henry...I just can't stand that b@st@rd McCain! I figured, after he had the audacity to run against me in 2000, that I trashed him for good with the "black child" fib we told but he proved he had more lives than a cat. This bailout and the economic news oughta do it, though. Four years of Obama and they'll forget all about my legacy."
78 posted on 10/06/2008 8:02:09 AM PDT by meandog (please pray for future President McCain, day minus 107-Jan. 20--and counting)
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To: Thane_Banquo

Beebers set to stune, standing by...


79 posted on 10/06/2008 8:02:21 AM PDT by Redcloak (A møøsë once bit my broker.)
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To: mysterio

The problem is that the ink is running out
http://www.google.com/search?hl=en&q=%22exponential+curve+on+the+move%22


80 posted on 10/06/2008 8:02:31 AM PDT by VlPu
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