2011 Global Stock Market Collapse Watch

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posted on Aug, 8 2011 @ 01:11 PM
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reply to post by kcoyote
 


Market watch is the site I usually use

marketwatch.com

Nasdaq and S&P look like they may go below -5% soon.



ETA - Yup, only took about a minute for them to fall below -5%

edit on 8-8-2011 by buni11687 because: (no reason given)




posted on Aug, 8 2011 @ 01:13 PM
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S&P did briefly dip below 5% just before Obama spoke.

It will be back there soon enough.



posted on Aug, 8 2011 @ 01:15 PM
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Brazil stock is plummeting towards -7% and Argentina's still hovers around -7.5% Apparently they weren't convinced.

www.allstocks.com...



posted on Aug, 8 2011 @ 01:16 PM
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Raising the debt ceiling was supposed to help, was it not?

Now the POTUS speaks and that is supposed to help also, right?

We're now under 11,000 and falling.



posted on Aug, 8 2011 @ 01:19 PM
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Off a cliff but don't worry ...

"Here I come to save the Daaaay!!!" - B.O.

edit on 8-8-2011 by MegaMind because: (no reason given)
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posted on Aug, 8 2011 @ 01:20 PM
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Hate to say this, but.....



Dow losing -500 points...Will Nasdaq and S&P hit -6% ??? Looks like a high possibility



posted on Aug, 8 2011 @ 01:27 PM
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Jeez, they're going into free-fall now


How low can we go?



posted on Aug, 8 2011 @ 01:28 PM
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-600 points now! Bigger drop than thursday? Jeez. S&P and Nasdaq down over -6% ? Maybe they will go to -7% by the end of the day?

edit on 8-8-2011 by buni11687 because: (no reason given)



posted on Aug, 8 2011 @ 01:29 PM
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-600 pts!!!


we got 1.5 hours left ....
edit on 8-8-2011 by MegaMind because: (no reason given)



posted on Aug, 8 2011 @ 01:31 PM
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Oh jees, American markets are in absolute free fall. I wonder how long before they stop trading.



posted on Aug, 8 2011 @ 01:33 PM
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reply to post by MegaMind
 


Yeah, not looking good at all, let's just hope this stabilizes:




posted on Aug, 8 2011 @ 01:34 PM
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Evidently the shareholders are sending a message to our leadership. They are not convinced and are putting their eggs into new "safer" baskets.



posted on Aug, 8 2011 @ 01:35 PM
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Originally posted by Curio
Jeez, they're going into free-fall now


How low can we go?


One analyst is saying 10,750 is the next support level.


Should the 11,000 then 10,750 index levels fail to bring in buyers, we’d look for a simple play to 10,000 which was the nominal support from 2010 – just like 1,040 held in the S&P 500.


Source



posted on Aug, 8 2011 @ 01:35 PM
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Brazil and Mexico are crashing hard. Brazil is down almost -10%

From the market watch website news ticker

www.marketwatch.com...


Brazil stocks extend fall to 9.7%, Mexico off 6.1%


ETA - Also from market watch news ticker


B. of A. off 22%, Citi down 20%


Banks are getting hit hard
edit on 8-8-2011 by buni11687 because: (no reason given)



posted on Aug, 8 2011 @ 01:39 PM
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This is pretty bad, but it was always going to happen. As stated Brazil and Argentina are tanking, Brazil in particular. I don't know whether to watch the riots in London, or the markets.

Brazil went off a cliff a minute ago.



posted on Aug, 8 2011 @ 01:46 PM
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Canada's stocks were stable, but now they are plummeting as well. Anyone have any good news to report?

finance.yahoo.com...^GSPTSE&d=t

ca.finance.yahoo.com...^SPCDNX



posted on Aug, 8 2011 @ 01:53 PM
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This is what i posted in this thread www.abovetopsecret.com...

Asian markets down in range of 5-10% (5% japan and 10% aussie).
EU markets down 5-15% (5% DAX 15% or more FTSE Milan - Italy).
DOW under 10,000 points (its crazy, but i think will happend)
Gold up 4-5%

Tuesday...most markets closed.

After that, God knows.

I was wrong about EU for Italy (ECB messed up my prediction).

I got the gold to 5% (but might go higher).
And about DOW...what can i say...i might be right about hitting 10,000 points.

Lets hope what i said for tuesday won't come to fruition.

God help us all.



posted on Aug, 8 2011 @ 01:55 PM
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reply to post by majesticgent
 





Anyone have any good news to report?


Well, oil is going down extremely fast.

Cheaper gas prices (hopefully). Other than that, I cant think of any other good news.

reply to post by Recollector
 


I made some guesses in that thread to. Here's what they were for US stocks.

Dow -3.50% or -4%
S&P -7%
Nadaq -6%

(I was way off on Asia stocks by about 4%)
edit on 8-8-2011 by buni11687 because: (no reason given)



posted on Aug, 8 2011 @ 01:55 PM
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I just got the call, It has dropped 600 points in the past 10 mins. Keeping an eye on it hard with several friends.



posted on Aug, 8 2011 @ 01:57 PM
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I'm sure all eyes will be glued to the Asian markets at 7pm EST. Anyone optimistic about what we'll see when their markets open based on what happened here in the Americas?
edit on 8-8-2011 by majesticgent because: (no reason given)





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