Black Monday (Page 2)

::flashes peace sign::

My euphoric quota has been surpassed. Must go elsewhere to inflict pain and destruction.

:: sulks away ::

o look, it's the three positive little honeys.

LMFAO!!!! You fycker 😛

lol @ rising

maybe scorp guys aren't so bad after all

no no Satori, tell us what you really think 😉

:: sulks away ::

Awww S_R 😄 Yeah, go to bed you cranky Scorpio dude you 😉

oh look whose here, if it isn't am3 ... joy ...

"how mature of you to post that. it only shows your complete immaturity."

I'm confused!

AM#, you realise Clinton(s) signed this act into law after the Whitewater real estate deal had gone tits up, right? If ever a sordid politicaly based event was manufactured from within the bowels of a politician....

HOLY FUCK!!! The overnight Asian markets are in freefall as I type this!!! The Nikkei DOW is plumetting.....

check out canadian market toll 😢

All Lehman stock suspended in all markets, all continents - all stocks stumbling everywhere - USA and Europe will be walking up to some nice surprises - kablooeeeeeeee !

***waking up

lol!!! Oh for goodness sakes am3. I was teasing you 😛 Must you be the "The owe so serious one."

Goodness, lady lighten up 😉

am3 ... are you a former user, if so, who in the fox-tails are? I'm curious 😉

Ummm satori ... what the matter, what did I miss?

prob not - most continents are in the dark - to suspend everything, you need to know kinda what's going on 😢

Globalisation downside...

Suspending of trading requires a 10% drop to occur in the DJIA and that is only for 1 hour, another 10% gets you a 2 hour halt and another 10% gets you a halt for the rest of the day. So a 30% drop will be needed before the market closes for the day. The market will open as usual. You can watch the futures to get an idea of wher ethe markets will open.

LEH is in bankruptcy, halting them is inevitable anyway, that's a non-issue.

Australia is holding strong...who holds stock in Aussie?

Im feel like puking right now......

Australia is holding strong

not

*heads spinning*

I can't take this ...

"idk^^ this is not "usual" circumstances.."

Time difference, they are actively trading while America sleeps, across the globe.

I just logged onto my account, its holding steady, but not a real time measure.

Im going over to Bloomberg for updates.....sweet jesus....

i'm in asia so not great

idk^^ this is not "usual" circumstances..

There are protocols, I guarantee you the markets will open as usual, the only possible hiccup could be if we have a repeat of the last time everyone panicked and the trading computers get overloaded.

true SSP - doesn't seem so bad but speculation's a b% 1ch

S&P futures are only down 1.5% you guys are feeding on media frenzy, seen worse than this at the beginning of the subprime meltdown.

Hang Seng is down 6% , I remember 15% on the last go around

Bloomberg just changed to an ALL BLACK BACKGROUND COLOR SCHEME!!!

I dont believe the Asian markets have the elctronic stops in place to hault a free-fall market slide....could be wrong.

TV just had a newscast about it...some Oriental talking-head chick reporting the decline.

but predicted to go lower - it was a holiday here monday

"Asia-Pacific shares outside Japan hit a 2-year low after one of the most explosive 48-hour periods in the finance world that accelerated a sweeping move out of risky assets. Investors bailed out of commodity-related funds, knocking oil prices below $ 92 a barrel and weighing broadly on metals prices"

Now the oil speculators are about to pay their due for risky futures-based contracts.

Anyone predict $ 5/gallon gas by the end of this week?

Dear Lord Jesus...Please let the SEC Chairman have the power to halt trading today...

"Asia-Pacific shares outside Japan hit a 2-year low after one of the most explosive 48-hour periods in the finance world that accelerated a sweeping move out of risky assets. Investors bailed out of commodity-related funds, knocking oil prices below $ 92 a barrel and weighing broadly on metals prices"

Now the oil speculators are about to pay their due for risky futures-based contracts.

Anyone predict $ 5/gallon gas by the end of this week?"

Umm...no. Check the RBOB gasoline futures on the CME/NYMEX, oil is down because demand is down...weak global economy = lower demand, and gasoline in turn is in less demand, has been for better than a year.

Seriously, you guys are blowing this way out of proportion, will the markets open in the red? Almost guaranteed...will the world end...hardly. Btw, the US market is hardly sleeping, futures are being traded as we speak

Energy problems intensified by natural disasters, War problems, Terrorism, Subprime, election fundraising, inter-twined global economy - where's the rescue money going to come from? It will be a case of survival of the fitest at the end of the day.

I still think it helps re-evaluating the real value of things, stock trading laws, etc - how do these companies not producing tangible goods get so POWERFUL without Govt intervention?!!

This may be the best buying opportunity or the end of the world, eitherway, we'll be fine but the speculation will help things get worse before they get better 😢

Brazil is down by almost 8% tonight

Nikkei down across the board over 5%

Speculators make money whether the price goes up or down...sell short or go long, all you have to do is be on the right side of the trade.

Wouldn't be surprised to see a rate cut anyway..prop the market up for a little bit...go short on the dollar.

Russian markets reorting 35% decline...whether or not they are to be trusted for calling it straight. Blaming it on Goergian uprising.

^^^Speculators may make money, but the public pays for it at the filling station. Make a short call, and the futures market gets spanked, resulting in quick adjustments, usually at the pump.

all you have to do is be on the right side of the trade

If not, they can always switch teams to the left side - I know people that just got a pay rise due to all of this 😉

"If not, they can always switch teams to the left side - I know people that just got a pay rise due to all of this"

Certain to be candidates for insider trading prosecution by the end of the year...

Is Semgroup that Swiss corporation? Googling it now.....

"But isn't your federal government going to loan money they in turn will be borrowing from foreign banks?( AKA more foreign debt)"

No, they usually only lower the overnight loan thingy...forgot the terminology for that....

"SSP is right though. Don't feed into the media frenzy"

This supposed 'media frenzy' has lowered my portfolio by about 25% . The fuck you thinking? The pen is mightier then the sword?

Catherine Austin Fitts is a guest on Coasttocoastam right now. (talk news radio)
she has knowledge and ideas regarding this mess.

I only trade in oil stocks, I'm long refiners, trust me I'd love to see rbob take off with oil falling, that increases the crack spread and makes me money, but I'm telling you the fundamentals aren't there at the moment and speculation for the sake of it in rbob futures has been dead for awhile. Pump prices increased on the weekend due to gas station owners price gouging, it had nothing to do with Wall Street, rbob was up 20 cents on Friday and that's all that the pump price should gave increased.

As I type the gasloine futures are down 8 cents to $ 2.48 a gallon, add approx 75 cents to that to get the pump price.

am3, the company I was thinking about is named: Vitol

They alone caused oil price futures to rise while underhandedly manipulating futures conracts.

GS is one of the biggest players in the crude market, they put the $ 150/bbl forecast out there and their call got a lot of pension funds in at the top. We'll see GS earnings pre-market this morning and I'd bet that GS was short crude while everyone else was buying. They are the craftiest most successful brokers on the Street.

Chase gonna look like a white night riding in with their satchel of dabloons.....

Certain to be candidates for insider trading prosecution by the end of the year...

They're not into finance or anything underhanded - mind out of the gutter please...

See, markets open for business as usual. Computer glitches are easily possible though, my trading platform is having some serious hang ups this morning due to the heavy volume.