Will this be Black Friday? - 10/10/08

The times to watch will be immediately following Bush's speech and then again this afternoon.

The hour before the closing bell is going to be nuts.

reply to post by lynn112


Nah, i didnt think you were coming off as b*tchy, I was just trying to get the point across, that both CNBC and CNN called what would happen this morning down to a T (see thier experts are actually smart)

Plus i just heard on CNBC the traders are thinking we may even see a gain today as they seem to think they just found the bottom.

ok....just so yall dont thing im crazy.....

here is the screen shot
external image

hope i did that right.

[edit on 10-10-2008 by JSR]

[edit on 10-10-2008 by JSR]

reply to post by Trayen11


They must be on some good drugs if they think they just found the bottom this is just the start IMO

reply to post by JSR


No you didnt do it right, but dont worry i believe you cause i looked at yahoo and yeah it did have the DOW wrong it was showing losses of over a 1000.

reply to post by duffster


Why do you think that if i may ask....

reply to post by duffster





We have only seen 30 minutes of trading


A long day ahead for sure.

The initial dip was the selling off or shorting of stock by pessimists.

Now the optimists will buoy the market until 3.30 EST. Autobuy orders established at the very low levels will take the market back up.

In the final 30 mins, the shorters will come back to drive down prices again.

LIBOR is down today, commodities down, oil down.

I am gonna stick my neck on the line (as I said in the other thread). I think this is the floor.

FTSE will still fall into next week, but DOW is gonna be solid for a while now. Even the market knows its reached capitulation point... they wont push it any further.

just wait...

Bush hasn't opened his mouth yet...

Once he does

reply to post by Trayen11


I'm glad they think we've seen the bottom... Me, I think the bottom is around 7,000, but then again, I don't have a degree in economics to back that up.

Can you watch the bush speech online somewhere?

This is insane. I'm in the middle of trying to buy a house, filled out mortgage papers yesterday. Wonder what's gonna happen now?

Just listening to the BBC... They seem to think a large bank snapping up some stocks explained the bounce back up above 8k.

I wonder how many more will feel that lucky.

Breaking :

VIX is at 70

Up 10% so far today. These markets are choppy and unpredictable... that "perfect storm" analogy is starting to look ominously accurate.

reply to post by darkelf




I have three loans about to close for borrowers and a house of my own that is being sold and set to close Tuesday


I am sweating like a dog over here. I hope the markets hold up for at least another week. If not Im screwed.

Not too sure on that. Be watching T.V. when Bush adresses the nationat 11am. DOW opened falling, as did the FTSE. According to the presenters on Sky News there are rumours on the trading floor of a possible worldwide stop in trade. Wow! that is huge.



[edit on 10-10-2008 by MCoG1980]

Originally posted by Th0r
Can you watch the bush speech online somewhere?

cnn.com usually has a live internet feed that you can watch.

I'd imagine they are covering the bush speech...

Originally posted by Th0r
Can you watch the bush speech online somewhere?

That is a great question.


Does anyone know a site that will be showing the Bush speech?

Any suggestions would be appreciated.

reply to post by MCoG1980


If there is a worldwide stop in trade then that will give you the crash everyone seems to want. If they freeze everything the second the markets go back you can kiss the market goodbye.

CSPAN will definitely be webcasting it