Dow down 340. NYSE closes in 20 minutes. Question...

[trof]

Can it rally into the black?
:rofl:

[lapfog_1]

1. "into the black" compared to WHAT?

Todays open? :rofl:

They are going to have to try hard to prevent it from going below the close of the last day of Clinton's Presidency!!!

[HiFructosePronSyrup]

2. Where's the rube from yesterday?

The one going on and on about how the DOW isn't going to go down anymore?

[sandnsea]

3. Why is oil dropping?

They're trying to save the DOW. What happens when it doesn't work?

[lapfog_1]

18. Simple, they are now taking the coming depression

and resultant lack of global demand into account.

[sandnsea]

21. lolololol

I am so sick of this shit. People STILL won't accept reality. The rich play with investment vehicles like a roulette wheel. There was an oil bubble that had very little to do with "global demand". Now that we're looking at a real global crash, they're pulling their money from that vehicle to shore up the financials. At some point the money will break again, and they'll go to gold or interest earning vehicles, and then into whatever renewable energy gets "hot". It's a big fucking game to them. Good god stop believing all this supply/demand crap because it's mostly shit.

[lapfog_1]

24. Believe what you want...

and I'm sure that there is a lot of game playing going on.

But the price increase has caused us to reduce demand, and there is a coming recession / depression that will reduce demand further. so the game players have to cover their positions... which accelerates the price drop. They made a ton of money out of it. Sort of makes up for some of the loses in the mortgage security game... and then they take the bailout money on top of that. And laugh at the rest of us.

[sandnsea]

25. As long as you continue to belive

their phony economic lies, we will continue to get into these messes. Our economy stopped relying on the basics of production a very long time ago. It's Capitalism. The US supplies the Capital and the only way to make real money is with a huge return on that Capital. That doesn't happen because of production anymore. It happens because of Bubbles. One Bubble after another. Round and round we go.

[lapfog_1]

27. Good point.

so what you are saying is that market forces / fundamentals have little to no impact on the price of X (stocks, oil, housing, etc).

I have to give that some thought.

[billyoc]

4. Yes. The deep, impenetrable black of the abyss.

[EmeraldCityGrl]

5. Is it possible the market's being deliberately sabotaged?

One reason could be to minipulate the election, the other foreign investors that have taken advantage of the dropping dollar.

[trof]

6. Oooo...Zipping down now...410, 412, 413...

[blueclown]

7. down 420 now.

we may even 500 for the second time this week.

[ingac70]

8. down 403 with a couple of minutes to go. n/t

[uppityperson]

9. -457.17

http://money.cnn.com/quote/chart/chart.html?symb=djia&sid=1643&time=1dy&Submit1=Refresh

[uppityperson]

10. -444.8

[uppityperson]

12. -452.37

[uppityperson]

13. -453.10 10,605.92

[uppityperson]

14. 10,610.88 -448.14

[uppityperson]

17. 10,609.66 -449.36

[nadinbrzezinski]

11. This is where Bush inherited it

AT THE CLOSING BELL WHEN BUSH TOOK OFFICE on January 22, 2001
Dow - 10,578.24
Nasdaq - 2,757.91
S&P 500 - 1,342.90
Oil - $27.69/bbl
Gold - $266.70/oz.
$1 USD = EUR 1.06678
$1 USD = JPY 116.6200

[aint_no_life_nowhere]

15. I notice on CNN they stop posting the stock market numbers on bad days

On the bottom right hand side of the screen, CNN always gives the ET and PT times of day, followed by the Dow Jones, Nasdaq and SP500 numbers every damned day...except on those days when the stock market takes a beating. Like clockwork, they remove those figures and only show the time of day when the market takes a tumble.

Anyone know why?

[ejpoeta]

20. they had a box earlier just above the time

they have one like that on msnbc too.

[aint_no_life_nowhere]

23. It stayed up there for only seconds - while they were talking about it

But day in, day out, year after year, they have the stock numbers as a fixture in the lower right hand corner ... except on those rare days when the DOW takes a big hit. I'm still wondering why. Maybe it's to keep viewers watching through the commercials until they have a segment covering the story of the crashing market?

[spanone]

16. final down -449.36

[Supersedeas]

19. ouch

[jannyk]

22. Into the black hole apparently. n/t

[brettdale]

26. Oh heck

What a bad day, I dont the market will be able to handle this happening tomorrow.

[TexasObserver]

28. This week in three days, the DOW is down 850 points = 7%+ loss

[Brigid]

29. And people wonder . . .

why I call the stock market a casino.