Stocks Tumble at Open, page 1

Stocks Tumble at Open

money.cnn.com

Stocks plunged at the Monday open after a deepening financial crisis in Europe heightened worries about a global economic slowdown.

The S&P, Dow and Nasdaq were sharply lower, following a broad sell-off around the world.

(visit the link for the full news article)

The Dow dropped 280 points on opening.

Watching it live, the DOW hit below 10000 for the first time since 1999. They are currently down more than 300 points and trading at around 10003.

Apparently the bailout didn't work. The overseas stocks didn't do well at all last night with the Russian trading halting several times.

money.cnn.com
(visit the link for the full news article)

reply to post by Maxmars

---

If only we could MM, if only we could....but ya know, frankly, those vested are already casting their 'no confidence' vote. Unfortunately THEIR vote doesn't really diminish their equity values as much as they would purport. Seemingly it only staves off their ability to FURTHER encroach upon the little guy's small but hard earned savings and deteriorate them.

Unfortunately our markets seriously do need to LOSE that battle for it's life to correct. If it win's and turns around, the price down the road will be exorbitantly higher and our children WILL pay a high price.

My sincerist heart-felt condolensces to those who ARE losing their retirements and nest eggs. I'm experiencing the pain, and I feel yours, however, we have to reconstruct this better than it was.

AB1

This is getting ugly.

Market down below 10k....nearly 500+ point drop.

The panic is now nearly complete:

Jim Cramer: Time to get out of the stock market

In what Curry called a “dramatic statement,” Cramer emphatically urged any investor who has money they may need in the next five years tied to stocks to pull their dough out.

“I thought about this all weekend,” Cramer told Curry. “I do not want to say these things on TV.

“Whatever money you may need for the next five years, please take it out of the stock market right now, this week. I do not believe that you should risk those assets in the stock market right now.”

For the first time, I now feel today may be THAT day. The "D" day.

God, I hope that's wrong.


[edit on 6-10-2008 by loam]

Russian scientists reach buried Antarctic Lake Vostok
  Posted 4 days ago with 83 member flags

Google announces privacy settings change across products; users can\'t opt out
  Posted 17 days ago with 78 member flags

Monsanto quits as GM results announced (EUROPE)
  Posted 5 days ago with 72 member flags

BREAKING: Israel teams with terror group to kill Iran\'s nuclear scientists, U.S. officials tell NBC
  Posted 1 days ago with 69 member flags

Strange noises reported around North Battleford
  Posted 16 days ago with 67 member flags

FDA\'s New Claim: "Your Body Is a Drug—and We Have the Authority to Regulate It"
  Posted 8 days ago with 53 member flags

Ayatollah: Kill all Jews, annihilate Israel
  Posted 4 days ago with 49 member flags

Bill Gates Backs Climate Scientists Lobbying For Large-Scale Geoengineering
  Posted 4 days ago with 40 member flags

Newest topics, updated in real-time:

Newest topics getting flags, in real-time:

Newest topics getting replies, in real-time: