FYI Stock down by 280+ points

[nadinbrzezinski]

So we are where the week started and then some.

There went 200 b...

This is not good...

And we may see 11000 before the end of May

And the recession is finally admitted to, so how bad are things really?

[Thepricebreaker]

1. Let the market play out.. and where were you 2 days ago when it was up 400?

[Ichingcarpenter]

4. You mean the day the feds poured $200 billion into the Financial Markets?

The 'play out' talk is just old economic terms that are not applicable to what is happening.

The Feds are trying to save the banks right now from collapse

[nadinbrzezinski]

5. And to play devil's advocate, cannot blame them for that

1929 comes to mind

[Ichingcarpenter]

9. I can't either, expect to see more banks going under in the coming months

but make sure you don't have more money in a bank than what the FDIC guarantees

[nadinbrzezinski]

10. Trust me, we don't

:-)

But even then, I can guarantee that if we have a general crash the FDIC funds will not be enough

[fascisthunter]

8. lol.... lot a good that did

[HCE SuiGeneris]

25. I'm sorry. Your point is we that we shouldn't be concerned? Please explain.

[OhioChick]

2. Oil Steady at $110

and Gold over 1K.

[nadinbrzezinski]

3. I know, and the dollar is in the skids

dollar and gold are an inverse relation

[Speck Tater]

27. How about that, 10 barrels of oil per ounce of gold.

Just like it was back in the old days when oil was $40 and gold was $400.

Seems like the price of oil measured in gold never changes much at all. Too bad we're not on the gold standard any more. Oil prices wouldn't be going up at all.

[malaise]

6. George should STFU

Every time he opens that trap, down go the markets.

[fascisthunter]

7. don't worry... they'll rally in the next hour

as they always do.....:sarcasm:

[nadinbrzezinski]

11. That brings the Plunge Protection Team fairy tale into

stark reality. It is amazing how many folks still deny that is even possible

[fascisthunter]

12. The Market is on It's Way Down

and there isn't a damn thing they can do to stop it. All they have been doing is prolonging the inevitable.

[OhioChick]

13. Yep. n/t

[fascisthunter]

14. fairies back in action: -143.61 at 3:20 EST

[Ichingcarpenter]

15. Happens every-time

-102 now, I used to have a link on how the white house did this
legally

[fascisthunter]

16. Proof The Dow Market is a Racket

if you find that link PM me

[nadinbrzezinski]

17. Half an hour to go

lets see if they manage to bring it over the psychological barrier

[fascisthunter]

18. The Market is a bit Schizo

at -190

[nadinbrzezinski]

19. PPT ain't working?

And yes, we know there is quite a bit of manipulation, or attempted manipulation

[fascisthunter]

21. even with that manipulation -212.24

you know things are bad

[nadinbrzezinski]

23. nine minutes to go, will it go UNDER 2%

That is the question

[fascisthunter]

24. they'll do everything they can to keep it at around 12000

[Individualist]

20. That fairy dust must have been stale

Down 212 now.

[fascisthunter]

22. Bush thought it was coke

and snorted it

[nadinbrzezinski]

26. Final numbers

EUROPE
ASIA
Dow 11,952.55 -193.19 -1.59%

Nasdaq 2,212.49 -51.12 -2.26%

S&P 500 1,288.53 -26.95 -2.05%

10 Yr Bond(%) 3.4210% -0.1130


Nope, it did not go over the psychological numbers

But not under 2%... but for the week it is what four or five percent?

[Ichingcarpenter]

29. Average for the past five months is -2.88%

The 1929-1932 bear averaged -2.84% per month over its duration.

[nadinbrzezinski]

30. I know, the only thing absent is the crash

[TZ]

28. hmm

A friend cashed out her 401K the other day. At first she thought she should have waited, but now I don't think so!