Good Grief! Stock Market went way down as day ended. OMG!

[Democrats_win]

It went down almost 100 points in the past 20 minutes! Overall, it's down 452 points. I guess it's not over yet. It can only go up now.

[kansasblue]

1. Dow down -4.09%

[MindMatter]

6. The VOLUMES during the selloff were huge

Take a look at the volume patterns. Look at the volume bars at the right of the chart. This was a panic sell, which means that people got really spooked at the end of the session and tomorrow will probably be bloody.

http://stockcharts.com/charts/gallery.html?$INDU

[AllieB]

2. No, it could actually keep going down.

That's the scary part.

[truedelphi]

14. Yep that is the truth and it is scary.

:toast:

[billyoc]

3. If it was freefalling at the close today, do you REALLY think "It can only go up now"?

It only stopped falling because the market closed. :think:

[BR_Parkway]

4. And Asian markets will batter it further before opening bell tomorrow

[MindMatter]

9. They may just now be figuring out how screwed they are

The goddamned FED just created $80,000,000,000 out of thin air and handed it to AIG. That sucks the value out of the dollar. All those dollar valued investments that China has made here just got hammered. The average American doesn't have much saving anymore, so inflation actually helps a debtor. It creams the creditor by repaying the debt in devalued money.

People need to understand that the FED doesn't answer to anybody. When the bankers want to create $80,000,000,000 out of thin air, they just do it as they did last night. No hearings. No approvals. No documentation. No public disclosure.

[MindMatter]

7. Anything is possible. But the volume on the downturn is frightening

We are seriously looking at a meltdown that could reach 1929 proportions. This is no way to win an election, but at least the meltdown is occurring while Bush is still in office. Can't blame it on Clinton's penis. Can't blame it on Obama's Koran.

[alfrankenaynrand]

11. going down

There will be a day of capitulation soon. Maybe tomorrow. To wash out all of the small investors and "little people" the market will have to go down 8% to 10% in one day. It will probably be ugly and everyone will be saying that you should never buy stocks......to risky. That is actually the time to start buying the bluest of the blue chips. Dow Chemical, UTX, PEP, UNH, and Wal Mart. Don't think politics when its your money that you are investing. Don't buy it all at once. Buy a little each week or month. In a couple of years you will look back and thank yourself.

[lapfog_1]

5. Will be under 10,000 by next week, if not sooner. - n/t

[BR_Parkway]

10. You're wan more optimistic than I am - I don't think it'll stay above 10K thru close of bell

tomorrow

[lapfog_1]

12. Let's see what Asia and Europe do overnight.

I think this could go around the globe at least 3 times (sort of like the "wave" at the football stadium). Eventually it peters out. But if all people have to look at is the "wave" going around and around, it will keep going.

[NMDemDist2]

8. 10,609.66 on 9/17/08 VS 10,578.24 on 1/22/01

:banghead:

[truedelphi]

15. I remember back in January (remember the good ol days?)

Someone on DU psoted that if we went as low as 8,650 then we were in A depression.

That might be in a immediate future.

[yy4me]

13. Maybe I'm just stupid but isn't AIG a private institution? I know

it is said to be to big to be allowed to fail but geeze, all of us little guys are failing fast, I don't see Uncle Sam making any effort to help us out.
The poor souls of New Orleans are failing, where is the government there? Bail out the big guys so they can protect the big guys.

Something is way out of whack here.