Stock Market isn't happy today, -200+, Euro/Yen dropping

[uppityperson]

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3369001&mesg_id=3369001

[ellie]

1. Did idiot-ass make a speech?

He usually tanks the market everytime he opens his piehole.

[uppityperson]

6. marmar has a good article here...

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=3524986&mesg_id=3524986

http://www.marketwatch.com/news/story/us-stocks-sharply-off-dow/story.aspx?guid=%7BD2B0CDC8%2D4960%2D45F2%2D87E5%2D8BA7DE058EFF%7D

[ellie]

54. Thanks!

That was alarming.

[whistle]

2. Remember Black Monday, October 19, 1987....

....The Dow Jones Industrial Average (DJIA) dropped by 508 points to 1739 (22.6%).

[uppityperson]

3. I was in a class, listening to a telecommunicated lecture.Teacher kept coming in writing #s on board

Meanwhile the lecture droned on and on and on. Mostly we talked about the stock market in our class.

[Pale Blue Dot]

42. The Dow is down almost 10% in just over a week. nt

[whistle]

46. It closed at 11,453.42 down -358.41 / -3.03% for the day

[nadinbrzezinski]

53. YES, I was walking from class to class

listening to my radio... I went OH SHIT

[uppityperson]

4. -279.44

[truebrit71]

5. -200/300 is not much to get worried about...wait 'til it sheds 900+ points in a day...

...THAT will be the day that puckers many a sphincter...

Me? Not worried, went all cash two weeks ago...bought silver...and bought some QID....

[uppityperson]

44. Is 10% in a week worrisome to you?

[truebrit71]

49. Hmmm...a little irksome yes...but this is only the beginning....by the end of this summer..

...and probably no later than the fall we will see the Mother of all "corrections" in my humble opinion..so in the long run, 10% in a week....

We are going lower...MUUUUUUUUUUUUUUUUUUUUCH lower...the only questions are, how low, how quickly will we get there, and how long will we stay there...

[whistle]

7. -295.56 / -2.50%

[whistle]

8. -300.52 / -2.54%

[whistle]

9. -302.64 / -2.56%

[whistle]

10. -305.41 / -2.59%

[whistle]

11. -309.81 / -2.62%

[uppityperson]

13. where are you watching numbers at? Thanks.

[whistle]

15. Here

http://money.cnn.com/data/markets/dow/?

[uppityperson]

18. thank you. Interesting chart there...

Jun 26 3:00pm ET † Change %Change Level
Dow -300.44 -2.54% 11,511.39
NASDAQ -74.65 -3.11% 2,326.61
S&P -34.41 -2.60% 1,287.56
DJ Wilshire 5000 -347.05 -2.57% 13,160.07
Russell 2000 -18.94 -2.64% 697.36
Philadelphia Semiconductor -17.33 -4.47% 370.11
Dow Transports -150.53 -2.98% 4,897.41
Dow Utilities -13.81 -2.63% 511.01
NYSE Composite -212.73 -2.40% 8,653.07
AMEX Composite -32.06 -1.43% 2,206.89
Morningstar Index -83.14 -2.55% 3,174.46

[whistle]

12. -310.78 / -2.63%

[whistle]

14. -305.98 / -2.59%

[underpants]

16. GM (11.43) is lowest since EISENHOWER administration

http://articles.moneycentral.msn.com/Investing/Dispatch/080626markets.aspx

[whistle]

17. an hour till close and its: -301.58 / -2.55%

[uppityperson]

19. Only -291.65

[whistle]

21. It looks like a real bumpy landing

[whistle]

20. 50 minutes till close: -297.76 / -2.52%

[zippy890]

22. where dem faeries when ya need em

need lotsa help today
:-(

[whistle]

23. will WS pull off a rally in 30 minutes: -279.84 / -2.37%

[uppityperson]

24. Nope. Maybe? -306.63/2.60%

[uppityperson]

25. -323.57 / -2.74%

[whistle]

28. -339.77 / -2.88%

[uppityperson]

26. -330.49 / -2.80%

[uppityperson]

27. -340.66 / -2.88%

[whistle]

29. Thanks, I had to go out and walk my dog...WS isn't doing so hot on the rally I see

[uppityperson]

30. -343.19 / -2.91%

[whistle]

31. -343.43 / -2.91%

WS dumped a bunch of stock it appears

[whistle]

33. -354.83 / -3.00%...WS not done reporting yet I guess

[uppityperson]

32. -354.83 / -3.00%

[whistle]

34. as of 4:02pm

Dow Jones Industrial Average
11,457.00 -354.83 / -3.00%

[uppityperson]

35. -355.64 / -3.01%

[uppityperson]

36. -355.48 / -3.01% Last bits coming through/being counted?

[uppityperson]

37. -355.97 / -3.01%

[uppityperson]

38. -358.41 / -3.03%

[whistle]

39. numbers still coming in: 11,453.42 -358.41 / -3.03%

...on volume of 301,341,290.00 shares

[uppityperson]

40. The full list from http://money.cnn.com/ data/us_markets/

Dow -358.41 -3.03% 11,453.42
NASDAQ -79.89 -3.33% 2,321.37
S&P -38.82 -2.94% 1,283.15
DJ Wilshire 5000 -381.99 -2.83% 13,125.13
Russell 2000 -17.88 -2.50% 698.42
Philadelphia Semiconductor -17.00 -4.39% 370.00
Dow Transports -155.11 -3.07% 4,892.83
Dow Utilities -14.29 -2.72% 510.53
NYSE Composite -225.05 -2.54% 8,640.75
AMEX Composite -30.27 -1.35% 2,208.68
Morningstar Index

[whistle]

43. Was it good for you?

[uppityperson]

45. Smoking a cigarette now.

I don't usually watch so closely, this was something. Am glad I'm not directly dependent upon stock money. We are in for interesting times.

[whistle]

47. There is no way I want my Social Security turned over to Wall Street

[whistle]

41. So, who still thinks McCain's idea of privatizing social security is still a great idea

...for Wall Street I suppose it would be

[uppityperson]

48. I am a cynic. I don't believe people are smart enough to be able to do it.

Too many will get sucked into the Lottery mentality, too many are sucked into that. Maybe *I* will be the one who strikes it rich! Don't increase taxes on the obscenely wealthy because *I* might be the one who strikes it rich! Let me control my retirement because *I* might be the one who strikes it rich.

Nope. Soc security should not be privatized.

[whistle]

51. I agree

[JackRiddler]

50. What Social Security?

The entire fund was already diverted into the federal debt. All of it. Is gone. Will never be repaid. Bush already called it "meaningless IOUs," by which he was referring to Treasury notes of the United States. There is nothing left there to privatize, unless the federal government can come up with 2.5 trillion to put back from what it took. Ha ha. Privatization debate is either the ravings of completely deluded loons or else a way to disguise the fact that there's nothing there, to confuse about what happened when the day arrives that current FICA intake can no longer pay for SS expenditure, and everyone acknowledges what they already know:

IT'S NOT THERE. IT WAS SPENT ALREADY, MAINLY ON THE PENTAGON AND IRAQ AND INTEREST PAYMENTS ON PAST DEBT.

[nadinbrzezinski]

52. Turned into CNBC economic channel and they are quite

hysterical

By the way... is it time for people to realize that this is truly tough times?

Will they use the Recession word? Or will they finally use the D word?