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

GO GO GO!!! About to hit positive territory....THERE IT IS!! +45!!

There you go.....DOW is positive now

Wahey! Dow in the green! At least for now...

The S&P is up as well!

Take heart, this may be the floor.

[edit on 10-10-2008 by 44soulslayer]

A US/UK joint venture. The countries will become economically inseperable. It could lead to a new currency/single stocks etc etc. Maybe this is the beggining of a new world order where Replica Euro's type circuits are made all over the land so we only have 6 or 7 major rates.

Everyone is scrabbling to buy gold rather than stocks or shares putting golds value through the roof.

Yah, CNN is for sure covering it on their live website.

here is the specific link to the wall street/bush speech i grabbed off their website:


www.cnn.com...

Yahoo showing the DJIA at 8668.39



Things are looking up for now. Lets see how the world market will react to GWB.

And as fast as we celebrate the positive, it drops back negative again. That lasted less than a minute. -50 and fluctuating hard. Too volatile...this isn't business as usual.

Originally posted by BlackOps719



Yahoo showing the DJIA at 8668.39



Things are looking up for now. Lets see how the world market will react to GWB.

Could this be the calm before the storm?

sorry for the one liner.

Originally posted by MCoG1980
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.

I saw that too and as they were saying it the DOW started going up again. What exactly will it mean if they do a worldwide stop in trade and close all markets?

Live feed to CSPAN and Bush speech at 10:25


CSPAN

Yea I think the Dow will lose 600-800 today. We're not anywhere near the bottom, and the VIX is too high with so much uncertainty, it's not looking good.

Doesn't matter if it goes positive, it won't stay positive.

Originally posted by lynn112


Could this be the calm before the storm?

sorry for the one liner.

The market is flopping around like the proverbial fish on the riverbank.

Just like that dying critter, the market is gasping for something besides hot air and coming up with nothing but . . . well . . .hot air.

Speaking of which . . . when's Bush babbling?

Originally posted by Maya00a

Originally posted by MCoG1980
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.

I saw that too and as they were saying it the DOW started going up again. What exactly will it mean if they do a worldwide stop in trade and close all markets?

I would guess it would cause world-wide chaos & cause any consumer confidence that happens to be left to disappear..

Dropping again in the minutes before Bush speaks. Jesus, he doesn't even need to open his mouth and things go south.
-144

reply to post by Trayen11


that is just crazy. how can yahoo be so far off on the opening mark?



[edit on 10-10-2008 by JSR]

Bush coming on to speak in 5 minutes.


This should be interesting.


CSPAN

reply to post by JSR


Basically because Yahoo is retarded :p

Thats just my guess anyway, im not sure how they could screw up so bad.

I'll say this though...after that horrible start both CNN and CNBC were very quick to get thier experts to come on and say that eveything will be fine, on CNBC one of thier washington experts just said.

"The government will break this fevor by today or early next week and we will see the market balance out"


Now is he talking out his ass? Or could he be right?

We may complain in the coming days, weeks and months, but for sites like this, the hits must be amazing and for the financial sector itself. The future benefits are huge. Im enjoying this immensly. If I was younger I would've gone down this route. ;-)

On a positive note. At least the markets are fluctuating and not free-falling.