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Stocks Stomped in Financial Freefall

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posted on Oct, 10 2008 @ 04:46 AM
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All European markets crashed today, including London.

But, apparently the circuit breakers did not kick in and trading continued


Ah, 9.8% was the drop on the FTSE. The media rounded up the figure, it did not breach the 10% market.

[edit on 10-10-2008 by infinite]




posted on Oct, 10 2008 @ 04:54 AM
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reply to post by infinite
 


I am freaking out... DAX now -9.2%


No one-liner though...



posted on Oct, 10 2008 @ 04:59 AM
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Originally posted by Grumble
A couple of things no one has mentioned:



2) Has anyone considered that the now near certain election of Obama and the Democrats is further panicking the market? Socialism and high taxes are not exactly the fix the market wants, and until the new administration gains some credibility with the business community, prices will be suppressed by fear.


Actually the two economies which caused this (US /UK) are based on Reagonomics and Thatcherism while socialist democracies / capitalist societies such as Germany, France, most of Europe and to a degree Japan and of course China are being sucked in by the vortex of unfettered capitalism.

Get a grip - your society needs to ramp up taxation on its top percentile -



posted on Oct, 10 2008 @ 07:01 AM
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Update:

FTSE plunges as global markets crash





LONDON (AFP) - Global stock markets went into freefall on Friday as pressure mounted for decisive action from world leaders to contain the worst financial crisis since the Great Depression.

Stock exchanges from Tokyo to London suffered more staggering losses -- adding to the turmoil for finance ministers from the Group of Seven richest nations to discuss in Washington.
The London FTSE 100 index slumped 10.20 percent before pulling back slightly, Frankfurt's DAX 30 (Xetra: news) also shed more than 10.0 percent before paring losses and in Paris the CAC 40 (Paris: news) dived 9.68 percent.

Please visit the link provided for the complete story.


Yahoo! Financial news



posted on Oct, 10 2008 @ 07:26 AM
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Dow Jones -176.00......... 8422.00 ........10/10 8:11am

Pre markets show the Dow coming in low.. I'll be glued to the screen 9:30 as this will be some ride.

Already have co-workers grumbling here about their retirement savings going down the tube now... and their not far off from retirement too.

One said he's going to bail from the market when it improves and dump it into bonds or CIGS.... Seeing as it's more stable..



posted on Oct, 10 2008 @ 07:49 AM
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Here is a picture that can tell a thousand words, taken at the opening of the FTSE 100



[[Picture taken from Guido]]

[edit on 10-10-2008 by infinite]



posted on Oct, 10 2008 @ 08:29 AM
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OK the FTSE has sunk to -9.08% now ...

398PTS



posted on Oct, 10 2008 @ 08:30 AM
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All major Euro markets are plunging towards 10% losses.
CAC -9.49%
DAX -10.02%
FTSE -9.45%




posted on Oct, 10 2008 @ 08:34 AM
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Predictions for today are that the markets will hit bottom today. That is why President moron Bush will come live from the rose garden to assure the People that they are still killing the markets I mean ( doing everything fix the markets ) and for people not to revolt against the government I mean ( for people no to panic)



posted on Oct, 10 2008 @ 08:39 AM
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WOW dow in the first few min has gone down to -455 man oh man Will we see the shut down of the market today?

-665 this is going to be shut down if it keeps going

[edit on 10-10-2008 by duffster]



posted on Oct, 10 2008 @ 08:47 AM
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**There is a rumour the global markets are about to be suspended**

FTSE, CAC 40 and the DAX dropped 10% when the US opened (Majority of European markets have been over 10% on many numerous times today) Apparently, if the DOW takes another plunge then the markets will stop trading.



posted on Oct, 10 2008 @ 08:47 AM
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!!!!!!!!!!!!!!!Well something is happening!!!!!!!!!!!!!!!!!finacial are up and the markets are looking better!!!!!!!!!!!!!

Perhaps the fed did their magic overnight and they are infusing the financials with fake liquidity to avoid the the US markets from hitting bottom today.



posted on Oct, 10 2008 @ 08:51 AM
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reply to post by marg6043
 


No, the markets are hovering around their current positions. It will be interest to watch the market in an hour, markets are waiting for what President Bush is going to say.

Markets are heading south again..



posted on Oct, 10 2008 @ 08:56 AM
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reply to post by infinite
 


Well it seems that it jut stabilized right now, but is all about the financial remember they are the ones that are crashing the economy, so it was quite a furor in the US markets when the financials got up a few minutes ago.

But you know our Beloved moron president when he opens his mouth everything turns to caca.



posted on Oct, 10 2008 @ 08:56 AM
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FTSE bouncing back with the Dow.



posted on Oct, 10 2008 @ 08:57 AM
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Trading has stopped in Paris I believe. Market down over 11%

VIX has gone over 70 points.



posted on Oct, 10 2008 @ 08:58 AM
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I say Bouncing ... its risen 0.3% to -9.13%

What a disatorous day to get joy from such poor figures.



posted on Oct, 10 2008 @ 09:00 AM
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Yahoo keeps posting the wrong number of points down its showing -210 when it should be -893!


There software is not working right what gives?

edit: it' showing the wrong open? man it's confusing this morning!

[edit on 10-10-2008 by 2 cents]



posted on Oct, 10 2008 @ 09:00 AM
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reply to post by marg6043
 


Giving the markets false hope isn't good.
If Bush says anything unrelated or pointless words then the markets will dive again.

And, if you notice the current trend, there is no stomach to move into positive climbs.



posted on Oct, 10 2008 @ 09:03 AM
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Everyone is looking at the individual markets. What we really should look at is the Global 30. Infact. We are in free fall every bloody day. Once this hits a barrier and drops below thats when the FU*KED word comes into play.



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