Yeah, no kidding it's scary. Just what I needed today, to wake up and find everything in the crapper and what little money I have left about to become toilet paper.

I have a sneaking suspicion we may have reached limit down on DJIA futes. They've been pegged at -550 for a comparatively long time now and aren't moving with the Euro markets.

Yen now down to 90.93 against USD

They are gonna have to keep the market closed (E-mini S&P already at lock limit) or let the hedge fund managers unload EVERYTHING

either way - we have a severe crash to look forward to

90.93 on the Yen. Looking over the edge of the abyss, we are.

Holy crap, DAX -11%, CAC -10%, FTSE -9%.

$/Silver moving well below 8.8
$/Gold heading to 680...

Limit down (aka lock limit) on the DJIA as well. Trading on Dow & S&P futes cannot fall any lower until market open in 3 hours.

I don't think I've ever seen anything like this before. This may well be unprecedented.

Oh *SNIP*

Where's the hysterical screaming, waving arms in the air emoticon when you need it.

I'm more concerned that we tripped circuit breakers on the American markets before the damn markets even opened!

reply to post by anachryon

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Only because you were not alive in 1929

Sorry but..

All passengers, fasten your seatbelt and raise your seats to the upright position

Remember the crash landing info your attendants explained at the beginning of this flight, if you need to refresh your memory the card is in front of you, in the pocket of the seat in front of you.

For those with no seat, put your head between your legs and kiss your a$$ good-bye

/humor off (or at least bad attempt at it)

reply to post by anachryon

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I don't think that could happen could it? Is there even a mechanism for that?

dow will finish up today thought 213; lets see though it could be ugly.

its gonna be ugly this morning

So CNBC isn't pulling punches anymore. The gloves are off. They have just stated this is a bloodbath. That there is blood in the streets. A global market meltdown. A day to sit up and pay attention.

We are on a limit down. What we are seeing on our market isn't even reality.

NEVER heard them be that blunt.

[edit on 24-10-2008 by seejanerun]

Yes, it's called lock limit or limit down, and it is happening right now.

Bloomberg TV are already explaining what will happen is the market opens and falls drastically. Seems even MSM are now preparing people for what might happen.

OMG- The man being interviewed by CNBC just said this is" the fault of the Illuminati" I wish they would tell me who he is again. I didn't expect anything like that.

His name is Jeff he works for Raymond James.

[edit on 24-10-2008 by seejanerun]

Russia's MICEX exchange is closed until 10/28.

It just keeps getting worse!

This guy on CNBC at like 6:10 or 6:11 said Illuminati is to blame haha.

He's in St. Pete.@Raymond James ... i think she said his name was Jeff when they went to a break

reply to post by whiskeyswiller

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I just posted that a minute ago. I was stunned. Heads will roll over that one. Possibly literally.

Both the Dow and S& P are both locked. We don't have the whole picture.

NYSE


These numbers were set several months ago when the Dow was in the 11k range. We can sustain a massive loss before trading circuit breakers are tripped.