The Global Meltdown

Thursday Oct 6 2008

European Markets

^ATX ATX 2,080.62 11:37AM ET 189.58 (8.35%)
^BFX BEL-20 1,946.38 12:01PM ET 136.21 (6.54%)
^FCHI CAC 40 3,181.00 11:46AM ET 200.0701 (5.92%)
^GDAXI DAX 4,622.81 11:45AM ET 238.82 (4.91%)
^AEX AEX General 248.04 12:01PM ET 14.96 (5.69%)
^OSEAX OSE All Share 273.26 11:29AM ET 20.63 (7.02%)
^MIBTEL MIBTel 15,871.0000 11:41AM ET 969.0000 (5.75%)
^SMSI Madrid General 1,000.05 11:40AM ET 43.77 (4.19%)
^OMXSPI Stockholm General 199.69 11:44AM ET 7.02 (3.40%)
^SSMI Swiss Market 5,718.53 11:31AM ET 192.64 (3.26%)
^FTSE FTSE 100 3,861.39 11:46AM ET 218.20 (5.35%)



Asian Markets

^AORD All Ordinaries 3,988.100 1:11AM ET 284.400 (6.66%)
^SSEC Shanghai Composite 1,909.941 3:00AM ET 84.726 (4.25%)
^HSI Hang Seng 15,230.52 5:59AM ET 767.78 (4.80%)
^BSESN BSE 30 10,581.49 6:28AM ET 227.63 (2.11%)
^JKSE Jakarta Composite 1,463.251 6:34AM ET 57.156 (3.76%)
^KLSE KLSE Composite 920.02 5:02AM ET 29.86 (3.14%)
^N225 Nikkei 225 8,458.45 3:00AM ET 1,089.02 (11.41%)
^NZ50 NZSE 50 2,764.688 12:31AM ET 139.954 (4.82%)
^STI Straits Times 1,951.20 5:10AM ET 108.19 (5.25%)
^KS11 Seoul Composite 1,213.78 5:03AM ET 126.5 (9.44%)
^TWII Taiwan Weighted 5,075.97 1:46AM ET 170.29 (3.25%)


This is JUST today folks. This is not taking into account the average of 30% in the red prior to today.

This is going to be the most bloody holiday season we've ever encountered.

Where will the bottom be? DOW has been fluctuating down today as well.

Could this be an opportunity for the next generation to make a killing?

PS- If you do not know how to read the chart provided, the number at the right indicates the % increase or decrease. When there is a parenthesis surrounding the figure it means it's DOWN.




[edit on 16-10-2008 by LaoTzu]

I wish I had the money to buy in right now, it'll probably pay off in the end.
this isn't one line

Those who have the money will make more money.

Those who have lost their money as a result of this will not benefit from this whatsoever.

Therein lies the rub . . . bailouts for the companies run by rich bastards who brought us to this point so they can use their own money to get richer.

Disgusting.

Ford motor stock was down to 1.48 a share. Is this a good time to get in on it, I have no problem waiting ten or so years for it to get back up to where is was and beyond. Or do people in the know forsee them going bankrupt altogether? Who knows? I just think it might be worth two hundred bucks or so now to secure my childrens future. Where's E.F. Hutton when you need him?

Originally posted by Cowgirlstraitup7
Ford motor stock was down to 1.48 a share. Is this a good time to get in on it, I have no problem waiting ten or so years for it to get back up to where is was and beyond. Or do people in the know forsee them going bankrupt altogether? Who knows? I just think it might be worth two hundred bucks or so now to secure my childrens future. Where's E.F. Hutton when you need him?

Careful there gal, I think the story has already been written that the big three are toast.

JK

Thanks for the heads up!

Not a one line post.