Suggestion :Watch the stock market tomorrow.

[tannybogus]

It will be a rough ride, and it's good there are breakers in place. The last thing needed is a market in freefall. A downward adjustment is expected, but if a panic is set off it won't help anyone. When people panic there is no telling what they will do. Don't assume it would help Obama. Everyone has been focused on Ike which is to be expected. This may be an unwelcome surprise.

[brettdale]

How many points is it expected to drop?

100-300????

[RUMMYisFROSTED]

2. -350 as it sits on the futures.

I, however, expect major PPT tomorrow.

They'll spread it out.

[brettdale]

18. sorry, but what is PPT?

sorry, but what is PPT?

[RUMMYisFROSTED]

21. Plunge Protection Team.

[tannybogus]

22. Is that part of the Plumber's Union ? (or whatever union it is) nt

[RUMMYisFROSTED]

25. Short and sweet.

http://nymag.com/news/intelligencer/43342/

[tannybogus]

27. Thanks, I think.

One more group to wonder about.:hi:

[RUMMYisFROSTED]

28. Simpler:

Rich folks trying to stay rich.

[tannybogus]

29. lol You have reached my level. nt

[alcibiades_mystery]

24. Purple People (T)Eater

No such animal.

[tannybogus]

3. The Dow Jones futures are down 360 points.

I have no idea where it will ultimately go.
Here's a thread that shows where the breakers are:
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4001768
Hopefully, they won't be needed.

[billyoc]

1. I might walk over to the NYSE with a few other hardhats to point and laugh.

:rofl:

[TahitiNut]

13. Brokers collect on sales no matter whether they're gains or losses.

High volumes = high revenues for brokers.

[RUMMYisFROSTED]

14. What if what you collect isn't worth anything?

[still_one]

16. I would like to point out that a lot of those brokers are and will be laying people off /nt

[Prefer]

4. Nothing to see - there are protection programs

There are stop loss programs that will protect the "miracle of the free market system"

[tannybogus]

6. We have protections.

However, what about the world markets. They could get a major ball rolling that will cause trouble for days.
I don't know what is going to happen. You're possibly right. Maybe nothing everywhere. I hope so.

[Raschel]

5. Don't worry

Don't worry. I think Sarah Palin can fix it. I think she sees a bank from her window!

[tannybogus]

7. Bwahahahahaha! nt

[NutmegYankee]

LOL. I nominate thee for a DUzy! n/t

[BlooInBloo]

12. 2nd-ed.

[doublethink]

9. Good one !!

lol

[WheelWalker]

10. Love to know something........

about you - would you share a profile?

[Raschel]

32. Profile

I'm new here - just learning how to use this forum!

[morillon]

20. LOL!!!

[ProudToBeBlueInRhody]

23. Don't laugh.........

"I saved the PTA bake sale back in '03 when I made my special Moose Brownies after Eunice Bamberger caught the flu and couldn't make her Esmiko Kakes, dontcha know, Charlie? I can save us here too!"

[Bright Eyes]

31. In what respect, Raschel?

:)

[curious one]

8. Blood bath in the market and 401K down the tube.

[morillon]

26. This kind of crazy is why I got rid of my 401(k) years ago.

I stopped contributing to it and (gasp) cashed it out, penalties and all. I saw way too many people counting their chickens and dreaming about what they'd do in their retirement years only to find themselves with no chickens at all when their plan's value crashed.

My great-grandmother kept all her money in old purses in a chifforobe in her bedroom. If their house had ever burned down, her money would've been toast, but she did NOT trust banks. I'm starting to feel the same way, but I'd have to go with a more high tech and secure equivalent of hiding my money in a mattress. :-)

[BlooInBloo]

11. Sneak preview....

[still_one]

15. They reinstitued the uncovered short sales on the financials

they removed most of the circuit breakers, and you can still short stock on the down tick

This was all done during the bush administration

If you remember the republican debate, every republican candidate EXCEPT ron paul said the economy was OK

Incidently, this is more than just a downward adjustment. For more than two years they knew about this

This will NOT hurt Obama, but it will point to an administration who has worked to deregulate, and that will NOT go unnoticed. You cannot hide which administration has been in control for the last eight years

[tannybogus]

17. I know that it should help Obama.

I am just not going to assume anything. This kind of shitstorm may blow everything around.
That's especially true now that you pointed out the removal of the breakers.

[still_one]

19. I have no doubt they are going to try to blame this mess on the Democrats

somehow, but it will be pretty difficult for the party that controlled Congress and the White House to do that

Even though Congress technically now has a Democratic majority, it is still razor thin

[FVZA_Colonel]

30. Then the Democrats need to be ready to start hammering away at how this is the fault of 2000 to '06,

and the economic policies of the Republican congress.