Will the markets open tomorrow?

[Horse with no Name]

I do not understand the Wall Street stuff. At all.

What does all of this means in terms of real life?

[Crazy Dave]

1. No matter the story or "scare of the month"

It all means the poor and the middle class get fucked and the rich and the politicians get richer. I've heard that even though the politicians squander our Social Security and Medicare away, their portfolios seem to do quite well despite current market conditions and they don't have to worry about health care either.

[Horse with no Name]

6. No doubt about that. n/t

[elleng]

11. Their portfolios will likely be affected as are everyone's;

including mine.

[Crazy Dave]

18. Yours and mine will be affected considerably worse

Politicians do well in the Stock Market

By Ronald Horvath | May 24, 2011

Members of Congress Get Abnormally High Returns From Their Stocks

Dan Froomkin, 05/24/11

Members of the House of Representatives considerably outperform the stock market in their personal investments, according to a new academic study.

Four university ...

http://knox.villagesoup.com/discussions/view/politicians-do-well-in-the-stock-market/402003

You have to pay to read the entire article but I have read others that confirm the politicians cash out sooner than the CEOs themselves do.

[girl gone mad]

30. Congress can legally engage in insider trading..

whereas you and I cannot.

They have a significant advantage.

[RKP5637]

12. I've decided in the US anymore it doesn't matter what you do, if you're

poor or middle class you're going to get screwed. The wealth gap is soooo severe. It's about worthless in the US to bother with much at all. And the majority of the youngsters are going to live screwed up lives.

I never ever thought I would be saying this about the US, but times have drastically changed. And many are F'ed over and they still don't get it the propaganda and BS run soooo deep.

[ejpoeta]

14. i am sure it has nothing to do with the fact they know people and have inside knowledge

to get in or out beforehand. i believe that is called insider trading.

[Stardust]

24. And they are allowed to profit from insider-trading. There's currently no law against it. nt

http://finance.yahoo.com/tech-ticker/congress-refuses-to

[ejpoeta]

27. there is a law against insider trading in general which i believe should apply to members of congres

but i understand that they are above the law and live in their own little world where no laws touch them. i mean didn't they bounce a bunch of checks awhile back or something. they do all kinds of things and don't get in trouble for it. so i see how they seem to have a separate rule of law for themselves.

[DJ13]

2. Yes they will open

There are circuit breakers in place.

[Brickbat]

5. Nothing says "free market" to me like that picture.

It just...sums it all up for me in a nice, neat package.

[Horse with no Name]

9. Informative. Thank you. n/t

[elleng]

10. Thanks for this.

[Poll_Blind]

16. Much thanks for that!

PB

[dkf]

19. I didn't realize they issued these every quarter.

[Turbineguy]

21. You realize that if the DOW closes down

more than 752 points the Tea Party will be a worse enemy to the US than Al Qaeda?

[originalpckelly]

3. They will.

They will probably open much lower, because the futures are down.

[Horse with no Name]

13. Great thread on the futures. Thanks. n/t

[nadinbrzezinski]

4. Yes they will open

and if they drop like ricks trading breaks will come into place. Essentially they ARE breaks... if there is no drop, or a small drop... they will have a "normal" bidness day.

[Safetykitten]

7. Yes, down 700...close down 100.

[sfpcjock]

23. If we're lucky :)

[elleng]

8. Markets will open; could be a delayed opening,

if too much volatility expected. Israel did this today.

In real life? For me, at least, it may mean value of investments to pay for daughter's up-coming wedding could be significantly diminished.

Real life, yes.

[NotThisTime]

26. Futures are already down 300 and that's before the day officially begins

That doesn't spell good news for the DOW

[elleng]

28. Right

[xchrom]

15. Yes - they'll open.

& go higher because ECB is going to buy a lot of PIIGS bond, reactants.

[Taverner]

17. Capitalism will prevail, even if it kills us all...

[Cirque du So-What]

20. I let OMG Bunny do my worrying for me

[sfpcjock]

22. Yes.

The Israeli benchmark stock index closed down 7 percent which is a lot.

http://www.nytimes.com/2011/08/08/business/global/as-market-tension-builds-world-leaders-ponder-response.html

[NotThisTime]

25. It'll be open for about 20 minutes my guess... until it's down 500 points then it will stop

[masmdu]

29. looking for a turn UP Monday (S&P) to 1212 minimum