Again the DOW dives under 8000 mark, as I write
Posted October 10th, 2008 by OLIVERROBERT
output
I guess the final price on the CDS of Lehman has been set
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And
2 more banks go down
http://bankimplode.com/bl...
I like that...BankImplode.com
~~~~~~~~~~~~~
World's Greatest Business
http://www.gbemembers.com...
"The Number one reason people lose money is the FEAR of losing money." Sir John Templeton
"Committed To The Eradication Of Poverty Among Patriots"
Volume was way above average in mid September
after that volume was below average until the bailout (possible government hold on trades)
this week, volume was above average, but not crazy...for the giganitc drops we are seeing, i expected a lot more volume than this...apparently it doesn't take much to pop a bubble
oh well, when you look a the entire history of the market, it went through bouts of overinflation...
if we corrected to match the 1985 to 1995 line, the DJ would only go down to around 7500
before that the DJ was steady in the 1000's for decades
of course, before that, the 100's
It's hard to say where it should correct to...or if this is actually a correction
there are so many known and unknown variables
What a roller coaster ride
today is. I'm feeling a little dizzy.
How low will she go??
Mercy!
15:36 SELL SELL SELL
~~~~~~~~~~~~~
World's Greatest Business
http://www.gbemembers.com...
"The Number one reason people lose money is the FEAR of losing money." Sir John Templeton
"Committed To The Eradication Of Poverty Among Patriots"
One hell of a Fight going on
!
It's ~8300 right
It's ~8300 right now.....last I checked that's above 8000
Watch The Last 30 Min of Trading
That is when the nosedives scrap their way or at least that is when many of the drops have occured in the last week or so. This 400-500 point drop will be small compared to the last sell-off around 4 Eastern.
Lehman credit default swaps get $.086 on the dollar at auction.
LEHMAN CDS AUCTION RESULTS: VALUE SET AT $0.08625/DOLLAR V $0.0975 INITIAL
~~~~~~~~~~~~~
World's Greatest Business
http://www.gbemembers.com...
"The Number one reason people lose money is the FEAR of losing money." Sir John Templeton
"Committed To The Eradication Of Poverty Among Patriots"
GET READY 14:02 ET --- Markets poised to rally hard.
~~~~~~~~~~~~~
World's Greatest Business
http://www.gbemembers.com...
"The Number one reason people lose money is the FEAR of losing money." Sir John Templeton
"Committed To The Eradication Of Poverty Among Patriots"
15:35 ET S&P up 100 points since 14:02
And pushing hard for a reversal
~~~~~~~~~~~~~
World's Greatest Business
http://www.gbemembers.com...
"The Number one reason people lose money is the FEAR of losing money." Sir John Templeton
"Committed To The Eradication Of Poverty Among Patriots"
put your crappy advertising from this blogg. Thank you!
we have better things to do than watching stupid commercials here
O.R., FYI the crappy ad taught me to take 420 points out of the
S&P today in the most turbulent price action in it's history.
1 point = $50...per contract.
I don't sell anything. I'm a paying customer.
I share something that works to get people out of their financial traps, if they so choose.
~~~~~~~~~~~~~
World's Greatest Business
http://www.gbemembers.com...
"The Number one reason people lose money is the FEAR of losing money." Sir John Templeton
"Committed To The Eradication Of Poverty Among Patriots"
Based on what?
What is your point?
Time to replace the system.
I've been here for more than a year and see relatively few articles calling for people to panic. What I see are people calling for others to invest in an alternative system. If people don't want to participate in this credit generated pyramid scheme, they should have the right to opt out.
I have saved quite a few friends and family from the pain of the falling markets. They got most of their debt paid off, are stocked up on food and supplies, have made investments into silver and gold and are investing in their local communities. This is not a radical idea, rather, it is what needs to be done to get the power away from the few and empower ourselves...
grant
great idea
unfortunately for a lot of people its much to late. What I worry about is the pension funds...........
Time to replace the system.
I've been here for more than a year and see relatively few articles calling for people to panic. What I see are people calling for others to invest in an alternative system. If people don't want to participate in this credit generated pyramid scheme, they should have the right to opt out.
I have saved quite a few friends and family from the pain of the falling markets. They got most of their debt paid off, are stocked up on food and supplies, have made investments into silver and gold and are investing in their local communities. This is not a radical idea, rather, it is what needs to be done to get the power away from the few and empower ourselves...
grant