Explanation please?

[CoreyC]

Everybody is in a panic tonight. I've read the threads and tried to understand what is going on, but can not figure it out. All I can tell is that bad things are going to start happening tomorrow.

Can somebody please help us economic dummies out?

 

[simranjits]

I think in short , the us market should crash when it opens, meaning at least a drop of %10 , but nobody really knows.
This should give u a hint,
http://finance.yahoo.com/intlindices?e=asia

 

[hueylong]

foreign markets have been freefalling for 2 days. they expect a bad day on wallstreet tomorrow.

 

[CoreyC]

I think in short , the us market should crash when it opens, meaning at least a drop of %10 , but nobody really knows.
This should give u a hint,
http://finance.yahoo.com/intlindices?e=asia

Has anything like this happened before? I mean... in recent history?

 

[billyjoeallen]

"I believe we are in a recession. I believe it is going to get a lot worse." -Ron Paul

 

[Fox McCloud]

Basically, in short, the stock markets around the world are melting down...this is pointing to a worldwide recession, right now (possibly), or it could be the signs of a possibly worldwide depression (again possibly).

it's not natural, that's for sure.

the danger here is that a thing called "derivatives", which amounts to 500 trillion (more than the debt of the US) could all come down with the stock market...if that happens, it'll wipe out the markets, the economy, and the dollar....it WON'T be pretty.

tomorrow will be a butt-ugly day...I don't expect anything to go well.

 

[Fox McCloud]

Has anything like this happened before? I mean... in recent history?

no.

there's the recession of '79 and minor crash of '88, which this resembles.

this is more on the scale of '29.

a few economists have said "I've never seen anything like this before in my life", and they're old enough to have seen '78 and '88.

Jim Sinclair (gold billionaire) thinks that it's pretty much all over.

 

[danberkeley]

i cant imagine any traders in new york being asleep right now. their phones must be ringing off the hook.

 

[Dr.3D]

Notice how CNBC isn't saying anything right now?

 

[Fox McCloud]

Notice how CNBC isn't saying anything right now?

it's their job not to say anything....that's how they work, remember?

 

[ronpauleddy]

Everybody Go To Google Video And Watch!

Century Of The Self!!! You'll Understand What's Going On And Why!!!

OR COMMANDING HEIGHTS

THIS IS WHAT GLOBALIZATION DOES!!...REMEMBER CONTAGION??? ITS HAPPENING AGIAN!!