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The "up-to-the-minute Market Data" thread

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posted on Oct, 24 2008 @ 06:10 AM
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Originally posted by anachryon
Romania, Russia & the Ukraine have all halted trading.


I wish I had Bloomburg, I have CNBC and they just keep interviewing people who really aren't saying much.




posted on Oct, 24 2008 @ 06:13 AM
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Originally posted by seejanerun
I wish I had Bloomburg, I have CNBC and they just keep interviewing people who really aren't saying much.


That's because the CNBC talking .s don't know how to react. They're generally cheerleaders, and there's not much to cheer for right now.

Bloomberg is (usually) very dry and boring, but at least it's the facts. They haven't been dry or boring today, though.



posted on Oct, 24 2008 @ 06:33 AM
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I have never seen butchering on this scale on the stock markets actually. Something is definitely going down today (no pun intended).

Barclays lost 15% of its share value, BSKYB lost 12%.... this is just unconsidered selling from all sides. It can't be blamed on shorting either, since the FSA re-banned it for another 30 day period.

Check out all the European indexes, they are all being mullered today. Russia got done the hardest, but then again MICEX is so volatile that sometimes CBs trip when it goes up too fast (It had a 1000+ point increase last week).



posted on Oct, 24 2008 @ 06:47 AM
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reply to post by 44soulslayer
 


The European markets tanked, no doubt. Maybe we will have an upswing in that prices are low. However somehow I just don't see it.



posted on Oct, 24 2008 @ 07:08 AM
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every 10-15 minutes it seems that cnbc is reviewing the CBs for open trading

looks like they are expecting a HUGE dump at open CBs stop trading for 30 min then resume to another HUGE dump then CBs

rinse repeat

and I am still astounded by the people who are going Why? What set this off?

Is it so surprising that the rest of the world woke up to the FACT that the US Treasuries they have been holding can't be redeemed?

The rest of the world realized that our Gov has perpetrated the biggest financial fraud in history.

That's the trigger folks

and you wonder why the rest of the world hates the US



posted on Oct, 24 2008 @ 07:18 AM
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reply to post by redhatty
 


If what you foresee is true, then today is d-day. If there is a flight from US govt backed commercial, non-toxic paper then the entire base of the system will have fallen out and all bets are off about how low this will go.

Jane is right though. If you dont have any money in the stock market, pull together anything you can because in 6 months time there are going to be some friggin hardcore bargains around. Thats the only positive I can see as well, despite being 13% down on my portfolio
Oh well, at least thats outperforming the indices!



posted on Oct, 24 2008 @ 07:21 AM
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This pretty much sums it up . . . there will be carnage . . .


"Today might be the day where everybody throws in the towel," said Peter Cardillo, chief market economist for Avalon Partners. "People are saying 'I've had it, I can't take it anymore, I'm selling everything.'


You can get the rest here



posted on Oct, 24 2008 @ 07:33 AM
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Is it possible that we just see the same thing we saw a week or so ago, a huge selloff as the market tries to find the bottom and then a rally and a balance out?

I am scared that today may be the day and then i can watch any chance of returning to college go up in smoke next year. But i loke to be an optomist, I mean we have seen about 15 days in the last two months that was supposed to be D-Day and the start of a global depression, but the market seems to always find a way to avoid it for the most part.

So I guess my question is this, what makes today any different from the other bad ones that were supposed to cause Market D-Day?



posted on Oct, 24 2008 @ 07:41 AM
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reply to post by Trayen11
 



So I guess my question is this, what makes today any different from the other bad ones that were supposed to cause Market D-Day?


Well as forseen the market was going down, than going up a bit to only crash further down. We are now seeing that the bail outs etc didn't work and the excrements of that start hitting the fan now.

So now that shareholders see that things don't work and the government can't really control it they start to panic, want to sell all their shares. And that's what makes this day different I guess.



posted on Oct, 24 2008 @ 07:48 AM
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Originally posted by Trayen11

So I guess my question is this, what makes today any different from the other bad ones that were supposed to cause Market D-Day?


Maybe history repeating itself? October 24. Happy anniversary?


The Wall Street Crash of October 1929 was the most devastating stock market crash in the history of the United States, taking into consideration the full extent and longevity of its fallout.Three phrases - Black Thursday, Black Monday, and Black Tuesday - are used to describe this collapse of stock values. All three are appropriate, for the crash was not a one-day affair. The initial crash occurred on Black Thursday (October 24, 1929), but it was the catastrophic downturn of Black Monday and Tuesday (October 28 and 29, 1929) that precipitated widespread panic and the onset of unprecedented and long-lasting consequences for the United States. The collapse continued for a month.[9]


source



posted on Oct, 24 2008 @ 07:55 AM
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FTSE -8.30%
DAX -9.10%

American futes haven't recovered at all - still pegged at limit down levels. We're 35min from the opening bell.



posted on Oct, 24 2008 @ 07:57 AM
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reply to post by dreams n chains
 


I forgot about that.

While a terrible prospect, it would have an almost poetic quality.



posted on Oct, 24 2008 @ 07:58 AM
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USA opens at 9.30 am?

And I've been here waiting anxiously for 9 am...lol.

Ah well... I can wait for another half an hour



posted on Oct, 24 2008 @ 07:58 AM
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reply to post by anachryon
 


And someone on CNBC just said today would be a crash like 87 here. He said he is hoping for it to looks like a cattle stampede so we can get this over with and start to get out of this.



posted on Oct, 24 2008 @ 07:59 AM
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Why is there a perception there is an impending economic implosion akin to that of 1929?

Russia is in financial trouble on the heels of the price of oil falling to under $65 per barrel. That is hitting them hard to the point they cannot service the interest on the debt they've run up while trying to build their oil infrastructure.

The same commodity prices are wreaking havoc in Canada and other oil producing nations who made plans based on the 'experts' position that oil would steady at about $100 a barrel.

The 'rescue' plans throughout the world are not providing the immediate results some need and there is concern that the sum of those bailouts only scratch the surface of the unsupported debt out there.

Consumer debt is still at all-time highs leading to a decided lack in consumer confidence which is playing out in the manufacturing and retail sectors, leading to production cuts and layoffs which then becomes a self-fulfilling prophecy kind of thing where the economy kills its own market.

Those who continue to hold their investments in the market have watched for almost two months as the markets swing wildly, showing nothing to lead them to believe we're going to see any kind of return to levels felt prior to this 'correction/crash/downturn/soft market/depression/recession'. With the US dollar surging, they're pulling their investments and taking that cash to buy gold, which is poised for a rampant price increase if everything else finally .s toward the sewer after the two-month swirl around the bowl.

We're almost $11 trillion ($11,000,000,000,000.00 for illiteration purposes) in debt and we're injecting more and more unsupported dollars into a failing system which will eventually lead to inflation which means increased prices in a market where nobody is buying anything to begin with.

And that just scratches the surface.

I'm going to hide under my bed.



posted on Oct, 24 2008 @ 08:21 AM
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Holy crap!

PNC Bank just bought National City Bank.



posted on Oct, 24 2008 @ 08:24 AM
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KD locked his forums down..is anyone on that can access and update us with anything breaking on their site? They usually are spot on with..well, spotting stuff lol



posted on Oct, 24 2008 @ 08:25 AM
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Originally posted by toepick
KD locked his forums down..is anyone on that can access and update us with anything breaking on their site? They usually are spot on with..well, spotting stuff lol


I am and I will be updating.



posted on Oct, 24 2008 @ 08:28 AM
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Originally posted by anachryon

Originally posted by toepick
KD locked his forums down..is anyone on that can access and update us with anything breaking on their site? They usually are spot on with..well, spotting stuff lol


I am and I will be updating.


You rock! thanks anachryon
Everyone ready to watch history today?

(worth the one-liner)



posted on Oct, 24 2008 @ 08:32 AM
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Good morning guys.



Can anyone do me a big favor and shoot me over a link to a good site for real time stock updates?

I deleted the good one that I had saved and Yahoo...well Yahoo sucks..lol.


Thanks in advance.....quite a mess I just woke up to here.



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