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Originally posted by 44soulslayer
Folks breaking news here.
Premarket trading has been halted due to a massive decline. No reports at length yet, but initial news coming out of the NYSE is that premarket trading has been halted.
In 6 minutes, armageddon is going to occur on the DOW.
Edit: So it seems like the 550 point drop WAS the limit...
[edit on 24-10-2008 by 44soulslayer]
Dont forget, this is just a local problem. This is a world wide problem. Hell we could end up better off than any other country. Maybe our new president will cut spending, end these wars, and start paying down our deficit. We can only hope.
Originally posted by marg6043
reply to post by tide88
I believe you are right, we that nice blank check that our corrupted congress has given to the fat rat call Paulson we will be able to keep the illusion of prosperity after all.
Even as the nation falls in ruins.
But everything will look good for the markets.
Originally posted by tide88
reply to post by KaginD
If you have less then 250000 in the bank there is no need to panic. You money is safe.