CNBC - Dow Futures Are Down Over 550 Points,

[EV_Ares]

TODAY'S MARKETS

Stocks Poised to Take Heavy Losses
A WALL STREET JOURNAL ONLINE NEWS ROUNDUP
January 22, 2008 7:38 a.m.

U.S. stocks looked set to enter a bear market Tuesday, with stock futures pointing to losses of roughly 5% after two days of relentless selling pressure in overseas markets on fears over a U.S. recession.

Less than four hours before the start of trading, Dow Jones Industrial Average futures dropped 556 to 11550. The S&P 500 futures sank 68.7 to 1256.60, and Nasdaq 100 futures fell 94.5 to 1755.00. Changes in futures do not always accurately predict early market moves after the opening bell.

Declines in overseas markets were steeper. Shares in Hong Kong lost 8.7%, while Japan's Nikkei 225 Index closed down 5.7%, its lowest level since September 2005. Over two days, the Nikkei 225 has dropped over 10%.

[fasttense]

1. All rightie then, I'll just stand back and watch the fireworks.

Don't you just love it when neoliberal of "free market" economics comes home to roost? If it weren't so awful, it would be funny. Too bad Milton Friedman isn't alive to see his economic theories bear fruit.

[KharmaTrain]

2. Are They Slashing Wrists Yet?

I'll bet the segments are sponsored by brokerage houses...call in now to make your sell orders. Of course, there's a "slight" fee in those sales. Money always finds a way to find money.

[ChairmanAgnostic]

3. 1 falling hedgefund broker = a tragedy; 10,000, a good start.