The DOW is falling! 300 points in the 1st 10 minutes of trading!

[OHDEM]

I, like McCain, know nothing about economics, but this seems bad to me. :scared:

[Epiphany4z]

1. wonder how much more it will

drop after boy george speaks.

[DainBramaged]

2. You don't need to know anything that this is going to be bad.

I've said it a couple of times, the DOW will drop below 10,000 by Nov. 4th. One more problem to blame McSame for.

[madaboutharry]

3. They will stop the trading if it continues like this.

I don't understand economics either, but I do understand the concept of chickens coming home
to roost.

[TornadoTN]

4. It's looking more and more like they will close the market

This is a huge collapse in the making. They may be waiting until Bush gets on at 11:00 before they close it off, but I don't think they can withstand this much longer.

[MercutioATC]

10. We have quite a way to go before they stop trading. Here are the circuit breaker levels:

http://www.nyse.com/press/circuit_breakers.html

Circuit Breaker Levels for Third Quarter 2008

In the event of a 1200-point decline in the DJIA (10 percent):
Before 2 p.m (EDT).: 1-hour halt
2-2:30 p.m.: 30-minute halt
After 2:30 p.m.: No halt

In the event of a 2400-point decline in the DJIA (20 percent):
Before 1 p.m.: 2-hour halt
1-2 p.m.: 1-hour halt
After 2 p.m.: Market closes

In the event of a 3600-point decline in the DJIA (30 percent), regardless of the time, market closes for the day.


Credit to Newsjock. I'm just reposting his info from earlier.

[Liberalynn]

5. The bad thing is those of us who didn't vote for Dumbya and aren't voting

for McSame will suffer too. We don't deserve this. IMHO the ones who voted for Dumbya cause they wanted to have a beer with him or are voting for McSame cause they think Caribou Barbie sure is purty, do deserve to loose everything they own.

[Warpy]

7. My fervent hope is that they're all the greedy bastards I think they are

and that the major part of their portfolio is choked with hedge funds and other institutions that are high risk, high return, yer gonna lose yer shirt if you stay in too long propositions.

[Warpy]

6. Futures were -360 when I crashed last night

so it's going to be a wild ride today. I'm sure the PPT is at the ready, funny money in hand, to make sure the market doesn't close early.

[jojo54]

8. It doesn't help that Washington Mutual and AIG are in trouble too.

I'm no expert on the stock market either, but I do know that Lehman Brothers was having trouble 2 years ago.

All this, adds up to BAD REPUBLICAN DEALINGS!! We can't let McSame into office.

[OHDEM]

9. We have investments for retirement & kids' college

I'm wondering how badly this will effect our meager investments.

It's bad also because I think that finanacial instability makes it easier to start wars. Or in reverse, sane people don't start wars when the economy is rolling well.

Of course, it's also good that these horrible policies of deregulation are exploding during Bush's watch. They deserve it & Obama needs to keep pointing the finger at them! "YOU DID THIS!" I was in the mortgage industry for 6 years so I saw 1st hand what was going on with housing.