dow dropping 250 pts 1 min after opening

well the nasdaq composite is down over 6% (at least 10 min ago) and trading has been halted in other country's overnite

Originally posted by Maya00a
Trading gets suspended if it falls 10% before 2pm.

en.wikipedia.org...

Anyone think it likely to fall 10% before 2pm?

How do I find out the %? Where are we now?

Originally posted by antar

Originally posted by Maya00a
Trading gets suspended if it falls 10% before 2pm.

en.wikipedia.org...

Anyone think it likely to fall 10% before 2pm?

How do I find out the %? Where are we now?

finance.yahoo.com...=%5EDJI;range=1d

reply to post by Trayen11

thats a flimsy looking limb, it's down 500 after an hour and a half ffs!!! yeah, of course it could be down 1000 after 5 hours of trading.

reply to post by Ron Paul Girl

There is a serious shortage on gold bullion right now. I don't know where to send you, try silver. It is down to something in the range of $10/oz and will eventually rebound much farther than gold will, you'll make money off it.

My suggestion, for what it's worth

Canada update.... just as comparison..... down -1 000 or 9.32%

ouch

Ron Paul Girl.

Try Apmex.com, Kitco.com.

Search google for "BUY GOLD," try to get yourself 1 oz bullion coins.

reply to post by antar



think of it this way, the DOW opened at around 10300 so take 10% of that off, it gives you 1030, so the dow needs to drop by that number to hit the 10% mark everyone is talking about.

reply to post by airteck


Jesus are you serious, thats crap....one thing i find funny in MSM they alwasy talk about China, Russia, UK, even germany, but they never once mention the markets in canada.

why is that

Originally posted by minniesoda
I have a very small amount of money in my bank, $1300. should I go get it out now? I live from paycheck to paycheck and am just worried about buying food for my family....

I sent you a U2U... And for anyone else wondering...

In the survival section:

This is a great thread:
www.abovetopsecret.com...

Some other good ones.

www.abovetopsecret.com...
www.abovetopsecret.com...

Here's the deal. If this collapse happens, which I am sure it will, the money in the bank, even if you get it out, will be worth nothing. The food and supplies you have will be worth a lot more to you. Any supplies are going to be more valuable than paper (money) and possibly even gold.

That is my position and my opinion, only.

Well, this is way overdue. Just be prepared to ride it out people.

That is all we can really do at this point. Prepare yourselves for the worst and hope for the best.

The Canadian stock market isnt down 10% today, as of right now it's down about 1%.

The DOW seems to have rebounded and is sitting around -500 pts right now... I expect its going to hold around there for a while and then drop another 100 or 200 at least before close.

2 hour trading Market Snapshot

DJIA : Down 4.5%, 450 points

Morgan Stanley : Down 15%

Goldman Sachs : Down 10%

UBS : Down 10%

Deutsche : Down 8%

General Elecric and General Motors both : Down 8%

Berkshire Hathaway (the most secure of companies) : Down 6% ($8000 down)

BoA and Amex : Down 5%


Summary : All 30 out of 30 stocks in the DJIA are down today.

I would call this "Black Monday", but frankly its starting to become a cliche. Next monday could be even worse.

Took a look at where the DOW was a year ago today. It was at 13,969 a year ago. That's a 30% year over year loss as of now.

Originally posted by freakyty
The Canadian stock market isnt down 10% today, as of right now it's down about 1%.

what you looking at???? What I'm looking at shows:-
S&P TSX 9,957.57 -845.78 (-7.83%)
Dow 9,836.03 -489.35 (-4.74%)
Nasdaq 1,831.66 -115.73 (-5.94%)
S&P 500 1,036.66 -62.57 (-5.69%)

just confused?

Originally posted by freakyty
The Canadian stock market isnt down 10% today, as of right now it's down about 1%.

The DOW seems to have rebounded and is sitting around -500 pts right now... I expect its going to hold around there for a while and then drop another 100 or 200 at least before close.

Quote: S&P TSX Composite Index
Last Trade Time : Oct 06, 2008 10:44 ET

Last
9,628.07 Open 10,444.96

Change -1,175.28 Prev. Close 10,803.35

% Change -10.88% Tick Type
Volume 102,540,069 Shares (last trade) N/A

???

Originally posted by Benevolent Heretic

Originally posted by minniesoda
I have a very small amount of money in my bank, $1300. should I go get it out now? I live from paycheck to paycheck and am just worried about buying food for my family....

I sent you a U2U... And for anyone else wondering...

In the survival section:

This is a great thread:
www.abovetopsecret.com...

Some other good ones.

www.abovetopsecret.com...
www.abovetopsecret.com...

Here's the deal. If this collapse happens, which I am sure it will, the money in the bank, even if you get it out, will be worth nothing. The food and supplies you have will be worth a lot more to you. Any supplies are going to be more valuable than paper (money) and possibly even gold.

That is my position and my opinion, only.

Excellent opinion.

(1) gold is overprices. Buy silver. Gold over the last 3 monts..down about 5%, Silver on the last 3 months down about 50%. Silver is a way better value. Peoples are buying gold right now for no reason at all other than the fact it sounds good. Its cliche. But silver, gold, and platinum should almost mirror each other and well, gold has taken on a life of its own which isnt normal.

(2) Stocks were halted over seas but it was Russia. Russian stocks were halted, but thats nothing new. Russia does this nearly on a daily basis now. Its because their communists and their market is ran with a very hard government hand. \

(3) the marked didnt fall 200 points in the first minute. It is a gap open. because of the Asian and European stocks getting hammered over night.

But today is HUGE. People are freaking out. Not just regular Joe, But people on wallsteet, the media, knowledgeable investors. Today is a very abnormal market.

its looking like the bottom is now around 9700.

lets hope. it poped back, and seems to have some good momentum. i hope it wasnt just the "pluge protection team" at work. that may be as bad as it gets today.

tomorrow? thats another story.......

Maybe Dr. Bill Deagle was right about tommorow, October 7th 2008.

www.abovetopsecret.com...'

As goes the Illuminati's favorite number (13), tomorrow will be 10/07/2008, 2+8=10, 10+10=20, 20-7=13.