The Sky is not Falling- European Markets have Settled Down

[JCMach1]

After the Asian bloodbath of this morning...

Current picture

^ATX ATX 3,661.63 6:52AM ET Down 50.98 (1.37%) Components, Chart, More
^BFX BEL-20 3,499.66 7:09AM ET Up 7.18 (0.21%) Chart, More
^FCHI CAC 40 4,709.40 7:09AM ET Down 35.05 (0.74%) Chart, More
^GDAXI DAX 6,705.69 6:52AM ET Down 84.50 (1.24%) Chart, More
^AEX AEX General 421.07 7:09AM ET Down 1.38 (0.33%) Chart, More
^OSEAX OSE All Share 445.50 6:52AM ET Up 2.71 (0.61%) Components, Chart, More
^MIBTEL MIBTel 25,391.00 7:09AM ET Down 215.00 (0.84%) Components, Chart, More
^IXX ISE National-100 90.13 Jan 18 0.00 (0.00%) Chart, More
^SMSI Madrid General 1,365.13 Jan 21 Down 104.87 (7.13%) Components, Chart, More
^OMXSPI Stockholm General 299.39 7:09AM ET Up 1.46 (0.49%) Chart, More
^SSMI Swiss Market 7,221.80 7:09AM ET Down 65.34 (0.90%) Chart, More
^FTSE FTSE 100 5,562.90 7:09AM ET Down 15.30 (0.27%) Components, Chart, More

...http://finance.yahoo.com/intlindices?e=europe

[ChairmanAgnostic]

1. all their traders are poised to sell, depending on what happens here.

THEN, the sky will fall.

[GliderGuider]

5. I'd agree with that - the European indices are wobbling up and down

Half are up a percent, the other half are down a percent. They keep moving around restlessly, like cattle before a thunderstorm. Asia cast their vote last night, now the Euros are waiting with bated breath. Will the Fed make an announcement? Will * pull some more spare change out of his pocket and throw it at the feet of the hedge fund beggars?

[JCMach1]

2. I still predict bad start... no doubt

However, I think we are looking at a 2% or less drop or their may be a reaction to the fact Europe has clawed back this morning to pare back the losses of earlier...

[soothsayer]

3. wall st is so effing emotional/hysterical lol

[JCMach1]

4. Exactly... worse than a Bollywood movie

[rug]

7. Finance drama queens.

[SparkyMac]

6. It depends on what Bush, Bernanke and Rockefeller decided last night ..

I suppose all the Big Money guys have been up all night trying to figure a way to convince the "little bastards", er I mean the small investors that today is a "buying opportunity".

If they are successful -- when the market opens -- they can transfer their junk to the hands of fools and prevent further loss. Which is what they always do.

[mcscajun]

13. Rockefeller?

Been a long time since a Rockefeller was involved in a Big Bank.

[BadgerLaw2010]

8. They want to see how bad the US is, and if the US government does anything.

[tkmorris]

9. They are waiting to see what we do

That's all. If we do not show signs of hitting a floor and moving back up, they will drop more I'd expect.

[Midlodemocrat]

10. But, we need something to PANIC about!!!!!!!

:thumbsup:

[JCMach1]

11. At least this panic favors Dems...

just a bit of gallows humor there...

[alcibiades_mystery]

12. I predict US stocks end up today.