Economic Apocalypse In USA, Day 2

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Yesterday, day after the elections, was the day number one.

I opened a threat, in witch I novel-type writed and predicted very hard economical storm, what I seen has arrived now to US soil, now, when Obama-partytime is over. Today there are no excuse to save the day, and save the candidate, and save the knowledge, from real bad situation in economy. So... Get ready for truth...

DOW is not open yet, when I open this threat, but I will wait and follow all the news from crash, witch I think will show its true force today, and I will post my findings to here... So, If I am wrong, this will be short threat, but a long day! I know, I can be wrong!

But... Look my imaginary predictions from coming happenings, fueled by economical crash and events from yesterday...

US Economic Apocalypse Now: Unrest, Strikes, Jobcuts... Get Ready To This!
www.abovetopsecret.com...

Today I will start this threat from England, where they make today some dramatical decisions to save their country...

Dramatic UK rate cuts support global stocks
www.reuters.com...

LONDON (Reuters) - European stocks bounced off intraday lows on Thursday after Britain slashed interest rates by 1.5 percentage points to 3 percent, their lowest level in more than half a century.

The Bank of England's shock move prompted a bounce in UK stocks and a brief fall for sterling but market reaction was clouded by fears that the dramatic cut suggested the British economy maybe in even more trouble than had been

So lets look how the 2nd day of this "Economical Apocalypse" will go on in USA...

( At least, I try to take some fun out of it, with this diary... )

BTW, these are the figures in begin of the day 2, from day 1:
DJIA 9,139.27 -486.01
Nasdaq 1,681.64 -98.48
S&P 500 952.77 -52.98

Oil 60.33 -2.55% 06 Nov 2008 08:24 EST
Gold 745.6 +0.54% 06 Nov 2008 08:34 EST



[edit on 6-11-2008 by JanusFIN]

Toyota hacks forecasts as U.S. carmakers seek help
Thu Nov 6, 2008

General Motors Corp warned this week that the industry's prospects are dwindling fast as a "near collapse" in demand for cars accelerates the pace of cash burn.

The chief executives of Detroit's Big Three -- GM, Ford Motor Co and Chrysler LLC -- are scheduled to lobby House of Representatives Speaker Nancy Pelosi later on Thursday on the need for new and immediate aid, on top of $25 billion in loans sought from the outgoing Bush administration.

GM and Ford are expected to post dismal results on Friday.

www.reuters.com...

[edit on 6-11-2008 by JanusFIN]

25 minutes to bell in Dow Jones... First alarming news!

Cisco, Toyota Weigh on Futures

Disappointing company news from the likes of Toyota and Cisco pushed U.S. stock futures down more than 150 points early Thursday - combined with less-than-stellar weekly jobless claims data.

Asian and European stocks were sharply lower overnight as investors reacted to Wednesday's 500-point drop in the Dow.

www.foxbusiness.com...

Lets see...

Doesnt look good for consumer markets and stocks either in begin of the day 2...

October retail sales disappoint as shoppers pull back

NEW YORK (Reuters) - Major retail chains posted disappointing October sales as consumers, stunned by a financial crisis that threatened to derail the U.S. economy, shunned all but the most crucial of purchases.

Discounter Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research, Stock Buzz) stood out as one of the few bright spots. It posted a better-than-expected increase of 2.4 percent in October sales at U.S. stores open at least a year. Analysts had expected a 1.6 percent rise, according to Thomson Reuters data.

www.reuters.com...

like I have been saying for many months, after the elections the crap will be allowed to hit the ceiling fan.

for the last year been a political year the forces that were keeping the economy from showing its true colors was in full working gear.

Now is over so the true colors of our economic downfall will be showing clear

So, bell has ring in Dow couple of minutes ago...

US STOCKS-Lower open seen on Cisco warning, bleak sales

EW YORK, Nov 6 (Reuters) - U.S. stocks headed for a lower open on Thursday as disappointing outlooks from companies including technology bellwether Cisco Systems (CSCO.O: Quote, Profile, Research, Stock Buzz) pointed to a deepening global economic downturn.

Monthly sales shortfalls posted by Costco (COST.O: Quote, Profile, Research, Stock Buzz) and Target Corp (TGT.N: Quote, Profile, Research, Stock Buzz) heightened worries about faltering consumer spending heading into the holiday shopping season.

First counts fell to -50 points, but now rise up to -7... But what can we expect another than a roller coaster today?

To Mods...
Dont worry, I wont post all the news all day, its for news agency to do... just those witch are breaking in my point of view! Better post those here than everywhere? Ok... Thanks.

Same trading conditions, same volatility.

VIX must be going mad.

No way is there going to be an apocalypse though, the market has floored.

The real economy is about to slump, but this will not affect the markets much, since the markets have already compensated for 6 months of recession.

reply to post by 44soulslayer


Yep. I also dont expect so huge fallout from markets either, but other news, jobcuts, bankcrupts... Let see whats coming next!

But now is the time to tell the bad news, because World President Obama is here to save us all... I am just keeping book from historical moments.

EDIT:

DOW went just under 9000!!!

Thu 6 Nov 2008 | 10:00 EST
DJIA 8,995.35 -143.92

Oil under 60$!!!

Oil 59.3 -4.33% 06 Nov 2008 09:59 EST

[edit on 6-11-2008 by JanusFIN]

[edit on 6-11-2008 by JanusFIN]

The problem is that the new president will no be able to fix anything, just to put things in order for a fast recovery, but that may takes years.

people tend ot be impatient and when things don't start to look right immediately, The new president will blame rather than the policies that brought the economy to what it is right now.

We are going to hit bottom in 2009 so all I can say is brace yourselves for the ride of your lives.

Originally posted by JanusFIN
Yesterday, day after the elections, was the day number one.

2 interesting footnotes for yesterday which was
the 1st day as "President Elect" Obama....

#1: the DOW fell 486 point$

#2: the trash & garbage packed in a refrigerator sized ammonia tank jettisoned from the space station, fell into the Tasman Sea...
(could this crash landing be symbolic of the Obama regime ?)
see: rttnews.com...

Well Udio Obama Presidency will be blamed for all the ills of our nation when things fail to get better after he is sworn in.

Because that is what will be presented to the mostly uninformed public.

We are still blaming Clinton for what Bush had done 8 years later.

Obama may face what Franklin D. Roosevelt in 1932 inherited the Great Depression from Herbert Hoover.

And add two wars and the war on terrorism and this brand new President is not going to have a easy Presidency.



[edit on 6-11-2008 by marg6043]

[edit on 6-11-2008 by marg6043]

Wall Street Reacts as Obama Elected President

I believe that should be the headline. To drag down a market, tax it. To socialize the nation, nationalize segments of the market. Higher taxes on gains will make making those gains less attractive. More nationalization will mean investors gain less profit in large companies.

Another hour, another minus 100 points...

DJIA 8,932.34 -206.93

Oil still below 60$

Oil 58.28 -6.16% 06 Nov 2008 10:48 EST

Stocks tumble on recession fears

NEW YORK (CNNMoney.com) -- Stocks swooned Thursday, as weak reports on retail sales and jobless claims added to fears of a prolonged recession.

The Dow Jones industrial average (INDU) lost 210 points, or 2.3%, over an hour into the session, after having fallen as much as 221 points earlier.

The Standard & Poor's 500 (SPX) index and the Nasdaq composite (COMP) both declined by around 2.5%.

money.cnn.com...

Close you windows, lock your doors! And storm just continues...


[edit on 6-11-2008 by JanusFIN]

reply to post by Dbriefed


Well We already have nationalized part of the nation when it comes to the financial.

But that is just a scam as we know it as the ones pulling the strings is not the government but the private financial globalist behind the Federal Reserve.

So actually we have Goldman Sach manipulating our Treasury department, socialism by no the government but the private interest in the nation.

Right now the ones that the taxes of Bush has favored is not the middle class in America.

Currently, the tax code puts the majority of the burden on middle-income earners and rewards the wealthy. Under Sen. Obama’s proposed plan 95 percent of Americans would receive a tax break. Only the top two percent of earners, those making over $250,000, will see their taxes increase. In addition, Sen. Obama has vowed to end tax loopholes for companies that outsource jobs overseas and will instead provide a tax credit to those companies that hire American workers. Capital gains taxes will also be returned to pre-Bush levels.

.

If memory doesn't fail me we were doing quite well Before Bush policies in the last 8 years.

And we all know who has been running the show since them, Private interest.

Another key portion of Obama’s plan to strengthen the middle-class is to make a serious investment in alternative energy. Obama’s plan includes enacting a windfall-profits tax on energy companies that would finance tax breaks to American families. Obama has also claimed that he will invest $150 billion over the next 10 years in alternative energies. The plan will create five million new “green jobs” according to his Web site. To pay for part of his plan he will impose a cap-and-trade emission tax that will essentially put the right to pollute up for auction to the highest bidders

If our brand new President can deliver what he promised without been persecuted by those running our nation to the ground and stealing the tax payer in America then we may see some light at the end of the tunnel.

Or his presidency will be a short lived one.

Our nation is in deep trouble and with the fat rats running the nation in their favor at the expenses of tax payer greed is taking away what is rightfully ours.

We truly going to get a hero to clean Washington, but I believe that is the people the one that will be able to do that not presidential appointees as they are at the mercy of the greedy masters.

www.economyincrisis.org...



[edit on 6-11-2008 by marg6043]

Fast downfall continues!

DJIA 8,902.16 -237.11 Thu 6 Nov 2008 | 11:12 EST

Triple-Digit Selloff Slams Stocks

Just a day after the Dow posted its worst post-Election Day loss ever, Wall Street returned to selloff mode Thursday morning after a cluster of key companies like Cisco warned of weak results thanks to the slowing economy.

www.foxbusiness.com...

I think the markets feel worry of what Obama may do to clean house but I do not put my hopes that high.

Friday could very well be the day the @#$% hits the fan. GM is set to announce "important changes" to it's operations, which will probably include massive cuts to offset a 3rd quarter sales report that will look dismal. Without a real aid package of some sort to the Big 3, the industry will be in world of hurt. They can't survive much longer without help during these tough times. They are literally burning through cash without people buying cars. It makes for a horrible situation. If Ford or GM goes under, there will be ripples throughout the economy as the suppliers and other companies go down with them.

I would expect the markets to react badly to the news GM is set to announce.

We are still fairly deep in the tunnel, the light is pretty far away.

Dear diary,

Markets are going to lunch break after huge sellout in all over Dow Jones. Points fall under 9000, and have been there all day. Arabic League is looking with fear those below 60$ prices of oil. Slide continues even harder than in opening...

Thu 6 Nov 2008 | 11:28 EST
DJIA 8866.48 -272.79

I will take a lunch break, but is it again minus 100 points and another hour? In the break I read another alarming news from USA Economic Apocalypse...

Retail sales worst in decade; shoppers cut back

NEW YORK (Reuters) - Retail chains posted the worst monthly sales data in this decade as consumers stunned by a financial crisis that has derailed the U.S. economy cut spending sharply in October.

www.reuters.com...

Europe isn't doing any better - the DJ Stoxx 50 down 128.57 points and the FTSE down 253.60.

I don't think this is anything to do with Obama becoming president at all as people have been predicting this happening for awhile now, regardless of who became the new president.

I was just reading an update that says the dow may even drop to 5800. Source

Dear Diary,

Just came from lunch... I heard that rumors are coming true, and job eliminating has started for real. I looked the headlines, and I found this article. So, 12 000 people just loose their future and living... Sounds like Apocalypse still raging out there!

Citigroup, Goldman Said to Begin Eliminating Jobs

Nov. 6 (Bloomberg) -- Citigroup Inc. and Goldman Sachs Group Inc., faced with a weakening economy and the prospect of mounting losses, began firing workers as part of the firms' plans to cut more than 12,000 jobs, people with knowledge of the matter said.

Goldman, which converted last month from the biggest U.S. securities firm into a commercial bank, yesterday began telling about 3,200 employees, or 10 percent of its workforce, they were out of a job, according to one of the people who declined to be identified because the decisions were confidential.

www.bloomberg.com...

Oh... Wind is so awful! Third hour, and three hundred points down!!!

Thu 6 Nov 2008 | 11:47 EST
DJIA 8846.48 -292.79 -3.20

Is there any signs of better future coming today at all?

EDIT:

Just asked the question from my self, and headlines give me this answer...

11/6/2008 11:54:06 AM * IBM gets U.S. Citizenship and Immigration Services Transformation Contract to Improve National Security, Customer Service and Operational Efficiency (IBM)
rttnews.com...

Or was it bad...

[edit on 6-11-2008 by JanusFIN]