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Originally posted by Maya00a
Well the European markets fell within the first 5 minutes so I'm saying they'll close within the first 10 minutes of opening.
Originally posted by mythatsabigprobe
Dow futures just came off 550 to 546... Things are looking up.
I guess that means the lock limit has been lifted?
Originally posted by seejanerun
Originally posted by Maya00a
Well the European markets fell within the first 5 minutes so I'm saying they'll close within the first 10 minutes of opening.
The European markets are 6 to 8 hours ahead of us due to the time difference. They are getting close to wrapping up their day or at least half way through it as of right now.
Taiwan's financial regulators reportedly have ordered that nation's insurance companies to pare their holdings of the debt and mortgage-backed securities of Fannie Mae (ticker: FNM), Freddie Mac (FRE) and Ginnie Mae securities, according to a report on the Internet site of Asian Investor magazine.
Originally posted by anachryon
Barrons
Taiwan's financial regulators reportedly have ordered that nation's insurance companies to pare their holdings of the debt and mortgage-backed securities of Fannie Mae (ticker: FNM), Freddie Mac (FRE) and Ginnie Mae securities, according to a report on the Internet site of Asian Investor magazine.
That is way worse than bad. The ship is sinking and it is being abandoned. Reminds me of everyone for themselves. Although the way this problem is structured, it will affect one and all.
It's official I just called off. I have to watch this. It's like a car wreck, you don't want to look but you have to.
[edit on 24-10-2008 by seejanerun]