The Beginning of the End? Stocks Dive as Volatility Index Soars

The Beginning of the End? Stocks Dive as Volatility Index Soars

finance.yahoo.com

The Dow Jones Industrial Average had its worst day since February, falling more than 225 points to close at 10,926. The S&P 500 dropped 28 points to 1173 points. And, the Nasdaq tumbled nearly 3% to close at 2424.

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It appears this morning that the slide continues.

I believe we have gone over the cliff.. I believe
we have started the last downward spiral. The vortex
is open, and we are being sucked in.

Take a look at the stock chart for the Great Depression.

There was a large drop, then a recovery, then another large drop, and then the abyss. The current chart is acting exactly the same.

The very people who studied how to do this, are in charge of our financial system.

The very fact that the situation in Greece is affecting our markets (so they say), shows that Americans are under a global regime, whether we like it or not.

(Reuters) - Euro zone policymakers and the head of the IMF warned of looming financial contagion on Wednesday unless a euro zone debt crisis is stopped in Greece, as nervous investors fled to the safe haven of the dollar.

www.reuters.com...

At least people in Greece are standing up for their rights.

finance.yahoo.com
(visit the link for the full news article)

fixed errors

[edit on 5-5-2010 by 911stinks]

Three people have died in the Greek protests today, a group of German professors has filed a lawsuit against EU-aid to Greece and the Euro is depreciating steadily. How long for this situation to spin fully out of control? The EU was originally created to promote peace, but the current events lead to deep divisions between European nations.

And that's only about Europe... I've read plenty of stories about Japan, the US and China all heading into the same direction. This unrest is spreading faster than the speed of sound.

Imagine you are bankrupt.. you borrow some money from your friend.. over time you realize that the money you had borrowed is not enough, and you need more to survive.. so you borrow some more money from some other friend.. soon you have a huge debt, but how would u repay so much money?? and its not long before ur friends are bankrupt themselves and they need their credit back.. so what do u do now?

Thank god people are finally realizing that creating more and more debt to save the economy does not help!!

Mann.. thing are getting out of control!

reply to post by yellow.sapphirine


Exactly, this how the international banks will own the countries in the world, one at a time, through debt, then like with Greece they will want to dictate how economies will be run, look what happen Greece wasn't very happen with that, they are rioting, wait when all those other nations will start falling like Spain, Portugal, Germany and others.

Yeah if they would just let things crash, than the economy could bottom out.

This would allow stabilization.

With such market manipulations (debt/credit), there will never be stabilization.

It will remain volatile.

I say let everything crash and stop creating credit out of thin air.

Yes tell me about it.

Just tried to pull £6k from the IOM bank who i've been with for the past ten years to buy some silver that i'm happy to pay for once i've tested the metal to make sure it's .999

This bank has every right in the world, indeed a duty to report any supisious transactions to the serrious fraud office but they have no right to deny me my own money.

if the serious fraud office wants some work then they should be looking into the banks and not people that don't trust the banks and are trying to get out incase the isle of man does an iceland like it has in the past and left the locals not just skint but hungry and having to travel to liverpool, that had no work at the time anyway just to keep bread on the table.

Last week i was happy to pay $22 an oz for silver and yesterday markets dropped across the world so you would by any logic think silver/gold would had gone up being the safe haven it is and yet the paper price went down so i looked at buying more physical silver and can you guess what direction the price had gone

Tell you if i could walk into a local branch of the isle of man bank i would have something to say to the manager, make no mistake but as it is all i can do is vote with my feet and do spare me any crap about the financial ombudsman, sec, fsa because these are just bouncers working the doors at the casino and should all be hung.

the worse thing is .. instead europ is buying up the american depts... they have to buy the greek depts

no money left for america..:-(

Word has it that Obama is currently circling Manhattan in Air Force 1 and is personally surveying the damage. Later the president is expected to order FEMA to set up emergency penthouse apartments for top wall-street executives and will begin handing out billion dollar bailout checks to the victims of this horrible disaster.

You are exactly right. For instance banks in America will not lend a penny to you if you have not payed your prior loans off or are attempting to. The banks do it to prevent bankruptcy. Why aren't countries doing this?

I agree with you, 911stinks. Things are not the way it should be. When last have things been as it should be, I guess.

I think the average person is bombarded by so much negative news (a lot which is not really honest and true), that people start to go numb inside when hearing and recognizing important events happening before their eyes, like major downward spirals, say in world finance.

I also feel it in my gut that something big and bad lurks around the corner in the coming weeks and months. It seems like the majority of western countries' budgets are on a knife edge, balanced, and can loose at any moment their balance when they become consumed with their own debt.

If you found this thread interesting, have a look at another one which is similar, one which I read a couple of hours earlier. There are a couple of insightful comments and views.
similar thread earlier today

Some good information I got was two links from TheBandit795which show how inter-related the European countries are with regards to debt to each other. If one goes under, so does their neighbors to which they own billions and who are also already in a bad financial standing.

The links posted by TheBandit795 are:
Revealing article from NY Times: www.nytimes.com...
Even more revealing is the graph that show how interlocked the European bad debt countries are interlinked with other European countries: Graph showing debt relations of Eurozone countries effected by crisis


Interesting times. I do not think there is any stop to this, the fall will only accelerate from here. In my opinion, this is happening right according to plan of the world leaders who are implementing a one world currency.

Star and flag for an interesting post which I feel should get more attention.

I disagree, this market is rigged and has been for a long time. I think it's just an artificial dip. It will go on for awhile and then creep back up.

Here's another opinion though, one that's more intelligent than mine.
www.zerohedge.com...

reply to post by 911stinks


1 day or 2 days or 3 days or even 3 weeks doesn't mean anything when the market has been up over 70% in the last 365 days.

Look at percentages, not sensationalism.

Originally posted by antonia
I disagree, this market is rigged and has been for a long time. I think it's just an artificial dip. It will go on for awhile and then creep back up.

Here's another opinion though, one that's more intelligent than mine.
www.zerohedge.com...

I agree with you. The market is, and has been for a long time, disconnected from the debt crisis. A gambler is not going to stop gambling just because the boxers are old and out of shape.

reply to post by ararisq


Exactly, it seems that for the government and the Wall-street rats keeping the markets on top regardless of debt is priority even if the rest of main street is falling into chaos.

Double post.


[edit on 5-5-2010 by marg6043]