Almost below 9000

Tom Petty Sings it...

Free Falling

below 8800! Dr. Strangelove... Slim Pickens, Riding the Financial NUKE to the ground zero Target!

CRASH!
 
Holy Crap, those bears are out for blood. I went for lunch and came back two hours later and all of a sudden the dow drops 400 points! In the last 45 minutes, the market has fallen well over 300 points. Head for the fallout shelters!
 
Ok, this is getting ridiculous.

Guess what? You haven't seen anything yet.

A) There are trillions of CDS time bombs still ticking.
It was a $60 trillion market according to some estimates.

B) Then we have the other mortgages which will have resets in the future, sub-prime was only one sector.

C) Then we have $99T trillion debt if you include the unfunded liabilities, which is impossible to pay out without printing money ie. hyperinflation.

My opinion is that people need to stock up on food/water/precious metals/some cash on hand/protection
while they still can.

Good luck :)
 
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About 200 point drop in 15 minutes but coming back.

Real Time:


fpDJIA-narrow.gqplus
fpNASDAQ-narrow.gqplus


15 Minute Lag:

sina-tab-spx.gifquote
 
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I predict close at 8750 ... TPTB will do something in the last few minutes to do whatever they can to push up the Dow!
 
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wow @ all this. we were above 14,000 just a year ago. didnt think all this would be coming down this fast...
 
Man I just can't believe how many huge down days we've had in the past two weeks. Its crazy!
 
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