2011 Global Stock Market Collapse Watch

its about 10 min before closing at the moment, and its at -600 points. time to hang our flags outside upside down.
the ship i think is sinking, Brace for impact people, Stay safe!

Heading down quite sharply again now
Wow the tension is unbearable

reply to post by adifferentbreed


Depends on what happens when the Asian markets open in a little over four hours and how deep they sell off. If that happens you'd think Europe will follow suit, and ECB will step in and stop it, but will it be enough?

reply to post by adifferentbreed


the brother in law was confirming what I had already said.

my guess is a close around 5-5.5% down on the dow, 6-6.5% on the S&P and the NASDAQ.

tomorrow has the potential to be far worse. the folks, like my mother in law, who don't watch the news during the day and don't listen to the radio, will come home and see the news, panic and sell their funds to ensure they have retirement money, nest eggs, etc. once those folks start selling, we could, easily, see a 1000 point drop.

PPT rapefest.

Anyone else hear the circus music?

Tomorow will have another 400pt drop at least, by the end of the week we could see the Dow being worth 100 at this rate,lol

Mini rally in the closing moments maybe?
Looking like it.

mini rally and then crash? Who knows - but it is down a lot either way

Look at it drop. I never thought it would drop like this in such high volume. Well here's to four more hours to see how far Asia drops.

Yeap, little rally and then slammed down -600. Massive sell off ;/

reply to post by majesticgent


Close down 6%

Holy CRAP!

we've been saying it was coming,

WE HAVE BEEEN SAYING IT!!

BANK OF AMERICA DOWN 18%. If I had my money in that bank, I'd be getting it out right now!

Wow, -631. It all dropped like a rock in the last 2 minutes.

Closing bell just rang. Here's the latest

[atsimg]http://files.abovetopsecret.com/images/member/cd6e056b11a0.jpg[/atsimg]

It may take a few more minutes to completely settle, but.....jeeez. This blew last thursday out of the water!

"One of the top ten worst days on the NYSE" -- CNN (cable TV) moments ago.

I called -5% on the DOW before start, lets watch ASIA tumble reallly hard tonight. We're going back to 2008-2009 lows is my best guess.

reply to post by majesticgent


I Told back on my first posts on ats this would happen. None read it

Well ladies and gentleman. Today was pretty bad. Could we classify it as Black Monday? Not quite... Maybe Gray Monday.

Asian markets are due to open in 4 hours. As the dust settles from that massive sell off, one can only wonder why the Asian market will do? I sound like a broken record, but I really have no clue.

reply to post by TheRemedial


No we won't!!

It will be worse

Hope you're prepared!

reply to post by kcoyote


BoA announced that they don't need to raise capital.

the last time you heard a bank announce that was when Lehman and Bear both started announcing that they were fine and they didn't know what all the fuss was about.

BoA looks to be following them down a similar path.