another OMG.......everything is DOWN!!!

[a kennedy]

Stock Index Futures (Stock exchanges closed)
Index Value Change % change Time
DOW 9,834.00 -209.00 -2.08% 8:48 AM ET
NASDAQ 1,775.25 -37.25 -2.06% 8:44 AM ET
S&P 500 1,045.30 -25.70 -2.40% 8:49 AM ET

Holy Crap.......

:wow: :wow: :wow:

[DainBramaged]

1. Those of us not wealthy should worry why?

:eyes:

[dipsydoodle]

3. Anyone with a pension scheme

may have cause for concern. Presumably Americans don't have pension schemes of any description ?

[DainBramaged]

6. (sigh) and a year from now it will be back above 11000

worrying day to day is use;less unless of course you are looking to fill a thread here.

[regnaD kciN]

9. ...and the G.O.P. will be back in control of Congress

:scared:

[regnaD kciN]

7. Because, of course...

...this will be held up as "proof" that Obama's economic plan was a "failure," and that we need to return the Republicans to office to restore prosperity.

And you know what? About half of the country will buy it. :-(

[a kennedy]

2. Stock futures plummet as world watches Korea, EU

NEW YORK — Stock futures plummeted Tuesday as fears of a global economic slowdown grow and tensions rise on the Korean peninsula.

The euro again dropped, inching towards record lows set last week.

Traders have been rapidly selling the euro in recent weeks because of uneasiness over whether steep budget cuts in countries like Greece, Spain and Portugal will drag down an economic recovery on the continent. Italy will likely become the latest European nation to announce spending cuts to reduce its deficit

Major European indexes tumbled.

full article: http://www.usatoday.com/money/markets/2010-05-25-stocks_N.htm

[mrcheerful]

4. To barrow a Lewis Black line.........I studied economics in school and the first thing I learned was

the lines go up and go down and no one knows why.

[DrDan]

5. European Markets are down 3% - we still have a ways to go

[dipsydoodle]

11. Not all that far

MARKET DATA - 14:50 UK

FTSE 100
4930.25down
-139.36 -2.75%
Dax
5641.05down
-164.63 -2.84%
Cac 40
3310.90down
-120.03 -3.50%
Dow Jones
9841.74down
-224.83 -2.23%
Nasdaq
2159.21down
-54.34 -2.45%

[Javaman]

8. oh well, my 401k is back in the shitter.

and what stock I have well, that' joins my 401k in the toilet.

Not that I really had anymore hope in them...

Double dip isn't just for ice cream.

[MadHound]

10. Well d'uh!

The Euro is teetering, as is Spain. Greece's population is still continuing to fight austerity measures and Portugal is starting to slide. Meanwhile the Gulf disaster continues unabated, N. Korea and S. Korea are quickly building up to unleashing a huge war, and the US is chiming in on it. At home here, the economy, especially jobs, are still in the shitter.

So what is there to run up the market? Nothing.

[madrchsod]

12. this is what goldman sachs and the imf planned

[dmallind]

13. Strange I didn't see you post a follow up today "OMG Everything's back up!"

Dow 10161
NASDAQ 2247
S&P500 1088

All back above where they started yesterday before the doom cries resounded. Once again prematurely......

[HughMoran]

14. Shit, I almost had a cardiac until I checked the date & saw this post

Don't kick old posts!

[dmallind]

15. Had to just to see if the daily volatility doomers ever notice the upsides...NT

[HughMoran]

16. & you already know the answer

:rofl:

[dmallind]

17. True dat. NT