FedUpUSA Document

Think thats it.

reply to post by Relentless

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Of course I know what's going on in the market. I'm not even looking at my portfolio these days because I'm not selling and I'm not going to allow myself to be part of the problem ... which plain and simple, is people's panic and hysteria. I inherited the majority of my holdings so I suppose the arguement could easily be that I haven't really 'lost' anything. My biggest losses will be from capital gains taxes if, and when, I ever do sell.

On the every-day side of things, I'm wondering how life as we know it is expected to change.

I guess what I'm missing is what another poster mentioned ... what exactly is armaggeden in this guys eyes?

Jemison

And the flip side of the coin:

US Treasury futures soar full point on Nikkei plunge


Yikes! 11%!

Yep - that's it - I did a complete paste of it that hit the previous page because I don't know how long it will be accessible (between the board getting too many hits and who knows what).

reply to post by Relentless

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LIBOR rates are shooting threw the roof mate.. watching the CNBC market reports (the closest damn thing to a FAIR market report anyways..)

DOW in 365 days has lost over 35% ..

it looks bad, I know that.. you know that.. shoot, we all know that..

But really.. a complete collapse you think?

You think it's here? .. really.. really here? You believe so much that the Credit Markets have gone so cold all credit-commerce will HALT? ... I understand the consequences of this.. I know full well that .. it is expected to happen to SOME degree..

I pray your wrong..

DOW futures -150 points right now.

I cannot say how glad I am that you, relentless, are the FSME of this forum .. seriously, if anyone could have pulled this forum from it's shadowy existence of just a few of us economic nerds, it was you buddy! If anyone has concerns they can always post here... get a little assurance when the media is displaying bs all night, there are sources with the information ..

So I hope you bluff on your resignation.

NIKKEI now at -10.83%

go here to see the cliff

reply to post by Jemison

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Thanks for being part of the cure. We need a few more to step up and market stabilized.

reply to post by Jemison

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Pretty much a path that leads us into a US default on its debt with all the ensuing problems. I'm pretty sure Denninger is still in the deflationary recession camp.

I've followed him for over a year now. He has been amazingly accurate and even prescient in his analysis, much more so than almost anyone you see on bubblevision (Meredith Whitney and Roubini excluded). He's not a perma bear and would rather be trading in a bull market, but recognized the systemic risk caused by excessive leverage and a lack of trust and transparency early and has traded that thesis.

[edit on 9-10-2008 by jefwane]

I am disappointed by the article.

Please, don't resign Relentless..

NIKKEI at present - not good following the other news.



I need a hug

(or a stiff drink please)

Edit spelling

[edit on 9-10-2008 by Breifne]

reply to post by Rockpuck

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I pray I'm wrong too, (but then I would resign). seriously folks, if Karl says it is the only solution left, you better scream from the rooftops for them to do what he says, cause yes, I do think it's that bad.

We (where I work) are not seeing any loans going through this week. Something is terribly wrong.

I don't think I"ve ever seen a Daily Chart look that nasty. I watched CNBC (bubblevision, CNBS) into the close today, the selloff into the close was NASTY.

reply to post by Breifne

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That is definetly a holy cra%. Hey at least were all together hovering infront of our computer as it goes down. No wait, i've got hot blonde at home waiting for me! time to have end of the world s$%. This should be fun!!!!!

DOW futures at -188 and falling


hold on to your whatevers

This quote is a real eye-opener:



And, mirroring the 'open visibility' sentiment:



Source (Reuters)

Now, what exactly does 'better visibility on company earnings mean? Aren't these private markets confidential contracts? How does one go about regulating those to be 'open', completely, without eliminating the entire concept of confidential private agreements? Anything less is scatter-shot, with loopholes that will be found, right?

reply to post by Rockpuck

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I won't resign till the 48 hours is up and our Country has done nothing to correct this.

Don't be disappointed in the article - read it again - it has a solution to stop the madness, it explains it in a nutshell. The US is the cause and we have to make it right. Look at the other posts coming in from around the world. It's a hemmorage!

The sad part is there isn't even time to wait for the election to punish the ones that voted for the bailout now. The game is over.

Am I right in saying that a 1000 point drop in one day is a 'crash' in the true sense of the word? Does this apply to all markets?

If the NIKKEI crashes today, surely the NYSE will crash tomorrow?

Or am I wrong with that assumption?

Edit to add source for above diagram: nikkei

[edit on 9-10-2008 by Breifne]

I wanted a hug, ... from a female and I get a dad giving me grief? This truly is the end.

Wow what a flavor of desparation from Japan!



Reuters, 9:05pm EST

reply to post by Breifne

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Well, Karl said before he got the document up it may be too late.

Here's the part of the document that will prove him right or wrong in 24 hours I suppose: