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World Markets Plunge - DJIA Futures Down Nearly 500 Points

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posted on Jan, 21 2008 @ 08:54 AM
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Dow Jones Industrial Average Futures Down Nearly 500 Points


www.foxbusiness .com

LONDON -- After the heavy losses nursed by Asian and European stock markets, U.S. stock futures are pointing to huge losses when markets re-open on Tuesday. Futures on the Dow Jones Industrial Average dropped 476 points
(visit the link for the full news article)


Related News Links:
www.alleyinsider.com
www.theglobeandmail.com
www.bloomberg.com

Related AboveTopSecret.com Discussion Threads:
Recession Fears Blanket Wall Street; Dow Plunges 300 Points
New inflation data explain middle-class squeeze
Savers hit by new property fund plunge, freeze on withdrawals, Ambac lose AAA rating

Mod Edit: Title tweak

[edit on 1/21/2008 by Gools]




posted on Jan, 21 2008 @ 08:54 AM
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Talk about some shocking headlines, the futures amount varies from minus 500 to minus 350 but the recession looks to have arrived. These are a few of related headlines from around the world

Dow Futures Down 350, Europe/Asia Smashed

Brazil Stocks Drop, Led by Vale, on Prospect of Global Slowdown

Global stock markets recoil again

Bourse off $40bn on US recession fears

Tidal wave of selling heads west from Europe and Asia

Stocks Plummet in Germany, Hong Kong, India in Global Rout


I guess it's on now, hopefully the numbers get better and not worse before the markets open on Tuesday, or is it too late?


www.foxbusiness .com
(visit the link for the full news article)

[edit on 1/21/2008 by JacKatMtn]



posted on Jan, 21 2008 @ 09:49 AM
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Interesting that this news were keep until the closing markets on Friday, to hold on the big impact, or perhaps buying out time to get some foreign infusion.


But an impact it will have when the US markets open on Tuesday.



posted on Jan, 21 2008 @ 09:55 AM
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While the DOW futures look bad check out the TSX:


TSX plunges more than 500 points

The S&P/TSX composite index plummeted more than 500 points in morning trading Monday as it joined a worldwide market sell-off prompted by growing worries of a U.S. recession.


The benchmark index was down 511 points at 12,225. That's its lowest level in 14 months.


All this in anticipation of a US recession?



posted on Jan, 21 2008 @ 10:09 AM
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If there are any financial experts on ATS who would like to offer some advice to ATS members on what to do with stocks, IRAs, CDs, bank deposits, etc., I'm sure it would be appreciated.



posted on Jan, 21 2008 @ 10:27 AM
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Apparently other countries are losing faith in US. This great loss of faith, this great loss of trust, will be the Bush legacy.

When a family member/good friend violates your trust, goodwill, or good opinion, it takes time to regain that trust. With a friend or family member, that trust might never be gained. With a nation, hopefully voting will bring in new people worthy of the world, not just the country's citizens, to trust.

Economics and trust.



posted on Jan, 21 2008 @ 10:46 AM
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FTSE 100 has closed nearly 6% down



German DAX has dropped 7%!!

Friggin' pray for a rebound tomorrow, please please please! pray for it!!



posted on Jan, 21 2008 @ 10:50 AM
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reply to post by infinite
 


I was watching CNBC world and the European Closing Bell a few minutes ago and it look pretty bleak, even the faces of each market reporter couldn't help but have the look of fear.

Financials for the most part like you have been reporting on plus the US recession fears have really started this downward spiral.

One guy from one of the markets was comparing this to Black Monday of 1987.



[edit on 1/21/2008 by JacKatMtn]



posted on Jan, 21 2008 @ 10:53 AM
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If anyone thinks what happens in America stays in america should think again.

I have a question in how long has it been since a market correction and what is considered a correction to a recession? I would think unemployment would be the key indicator.



posted on Jan, 21 2008 @ 10:54 AM
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We cannot see the performance in the US!!

CNBC is not showing the US index prices


What is happening in the US?!?

Has Wall Street closed?



posted on Jan, 21 2008 @ 10:55 AM
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reply to post by infinite
 


Closed today for Martin Luther King Federal Holiday



posted on Jan, 21 2008 @ 10:57 AM
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Originally posted by JacKatMtn
reply to post by infinite
 


Closed today for Martin Luther King Federal Holiday


In a way, sorry to sound harsh, thats bad.

The markets will be uncertain about the US and the sell off might continue tomorrow


We have no idea what US investors are thinking....that's bad.



posted on Jan, 21 2008 @ 10:57 AM
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Originally posted by infinite
We cannot see the performance in the US!!

CNBC is not showing the US index prices


What is happening in the US?!?

Has Wall Street closed?


it's martin luther king day



posted on Jan, 21 2008 @ 10:59 AM
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Originally posted by aaaauroraaaaa

Originally posted by infinite
We cannot see the performance in the US!!

CNBC is not showing the US index prices


What is happening in the US?!?

Has Wall Street closed?


it's martin luther king day


Duh, I'm European...

I didn't know that so don't give me funny looks right?



posted on Jan, 21 2008 @ 10:59 AM
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reply to post by infinite
 


True, it looks like the anticipation of another bad day in the US has the global markets seeing panic selling in advance of the US market opening tomorrow, wouldn't that almost insure that Wall Street will be in for a very rough day since the rest of the world would have a day in hand?



posted on Jan, 21 2008 @ 11:02 AM
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reply to post by JacKatMtn
 


If we panic in Europe and in Asia, it's bad.

Because Wall Street is closed, London is seen as the next indicator for national markets. We've lost 5.5%, so Asia has no reason to rally.



posted on Jan, 21 2008 @ 11:03 AM
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Dow futures currently around 11,550, when Monday opened in Wellington they were sitting at 12150, so that's a fall of 600 points, and the US markets weren't even open. OMG



posted on Jan, 21 2008 @ 11:04 AM
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Britain has lost £77 billion today.

Pundits are expecting the sell to continue tomorrow, with no Wall Street, we have no idea what is going on.

Bad, bad news.



posted on Jan, 21 2008 @ 11:05 AM
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reply to post by RogerT
 


What are the futures now for tomorrow or don't know yet?



posted on Jan, 21 2008 @ 11:10 AM
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reply to post by infinite
 


down 520 pts according to NYT:


Stocks Plunge in Europe and Asia on U.S. Recession Fear

...United States markets are closed on Monday in observance of Martin Luther King’s Birthday. But trading Monday in stock index futures, while light and not always a reliable indicator, pointed to a substantial decline on Wall Street. Futures in the Dow Jones industrial average were down 520 points, or more than 4 percent....



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