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Will the DOW hit the stops tomorrow?

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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 09:44 PM
Original message
Will the DOW hit the stops tomorrow?
I'm beginning to think tomorrow may be way worse than today was on the news of AIG being downgraded to junk and with WaMu hanging onto the precipice with ripping fingernails.

Tomorrow...Ka-Boom!?
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GOPNotForMe Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 09:47 PM
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1. I really hope not (of course)
But if AIG goes under tomorrow, all hell is going to break loose. Same for WaMu.
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mrJJ Donating Member (657 posts) Send PM | Profile | Ignore Mon Sep-15-08 09:49 PM
Response to Original message
2. Don't think the stops will kick in
No. Its probably factored in by the Big Players
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Speck Tater Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 09:50 PM
Response to Original message
3. My guess is HALF of today's drop. Maybe -2% to -2.5% NT
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Selatius Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 09:51 PM
Response to Original message
4. WaMu has already been downgraded to junk stock status. They will feel the fire tomorrow.
AIG is not too far behind WaMu. If they cannot get the cash they need to run day-to-day operations, AIG's stock rating will likely be downgraded as well.
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doc03 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 09:52 PM
Response to Original message
5. If Bush and McCain had their way our SS
funds would be caught up in this mess.
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eleny Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 09:54 PM
Response to Original message
6. You can keep track of CNNs after hours page with the predictions
Edited on Mon Sep-15-08 09:54 PM by eleny
It has the Dow at -145 right now. http://money.cnn.com/data/afterhours/
Updates about every 1/2 hour.
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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 09:57 PM
Response to Original message
7. I don't think so
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curious one Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 10:59 PM
Response to Original message
8. Prediction: yes, it just got started. I have made a bet that Dow will bottom under 10,000.
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YvonneCa Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 11:01 PM
Response to Original message
9. Look at Asian markets...
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Tutonic Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 11:17 PM
Response to Original message
10. This nation fails on every level. The universe must be laughing.
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