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.

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 heads 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.

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).

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

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?

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.

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

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 heads 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.

Holy crap!

PNC Bank just bought National City Bank.

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

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.

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)

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.