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Old 05-06-2010, 10:47 AM   #1
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Default Holy crap!!!!

Stock market is crashing!!! Anyone seeing this? Down 1000 points and dropping like a rock....
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Old 05-06-2010, 10:50 AM   #2
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Less than a minute later its only down 680... weird.. weird.. weird something going on.
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Old 05-06-2010, 10:59 AM   #3
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Quote:
Originally Posted by Doe Dumper View Post
Less than a minute later its only down 680... weird.. weird.. weird something going on.
Yeah, and now it's "only" down 410...

Supposedly has something to do with those crazy Greeks...
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Old 05-06-2010, 11:06 AM   #4
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Yeah those Greeks are doing nothing but giving us a sneak preview of where we are heading.... yet the annointed one thinks it will work here because of his superior intelligence...
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Old 05-06-2010, 11:55 AM   #5
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The Ero markets are tanking. I bet that has a lot to do with it.
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Old 05-06-2010, 12:12 PM   #6
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They are now saying it was a computer glitch...still down 347 though...
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Old 05-06-2010, 12:17 PM   #7
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Per Fox Business Report:
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The euro plunged as cash fled to the relative safety of the U.S. dollar. The stronger greenback sparked a wave of selling in commodities and multinationals. Crude tumbled to a fresh 11-week low, losing $3.42 a barrel, or 4.33%, to $76.54. Gold gained on the uncertainty, rising $22.30 a troy ounce, or 1.90%, to $1196.90 -- its highest settle since Dec. 2009
It was bad news for the eurotrash, but in all bad news there is always some good. In this case the good is for us.
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Old 05-06-2010, 12:18 PM   #8
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The Mighty Euro is gut shot. Germany is reeling, watch Spain and England, their next to follow. Where's Andy SDS Stern, and his dream of a unionized planet? And there are those here that want to join this Global Utopia, fools all.
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Old 05-06-2010, 08:33 PM   #9
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Yep the market took it right in the nads today (that is a technical expression).

The market will still be down tomorrow as a lot of people sell off on Friday to protect their funds over the weekend. By next week things should start to recover. It is actually a really good buying oportunity for a quick short term gain.
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Old 05-07-2010, 08:07 AM   #10
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Watch Out.....Just heard Obama on the radio saying he`s gonna look into what happened yesterday........I guess we`ll have a "Department of Stock Trading" now run by Obama & Co.........
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