patrick.net
An Antidote to Corporate Media
1,199,554 comments by 14,172 users - Ceffer, Patrick online now
Captain SP500 speaking, brace for crash landing!
invite response
2011 Aug 7, 7:35am 1,639 views 7 comments
Comments 1 - 7 of 7 Search these comments
I hope you made popcorn.
This is going to be one heck of a show.
3 minutes to go.
Vicente
2011 Aug 8, 2:46am
Yeah 300 points off the Dow.
Wake me when circuit breakers start popping.
simchaland
2011 Aug 8, 9:16am
Down over 600 points. Wake up!
That's a 5.6% drop.
Does anyone think that tomorrow will be any better than today? We've shaved off about 2000 points off of the Dow in the past week or so.
SP down 6.66% (-72.92). Does anyone think that there will be anywhere to land any time soon?
We have continued debt crises in Europe and our own country's credit rating has been slashed. Does anyone really expect that we've seen the bottom yet?
bmwman91
2011 Aug 8, 11:53am
I think that most sensible people know that the bottom has yet to arrive. I would hesitate to say that the US' credit rating was "slashed" since a) it was a minor downgrade and b) S&P also rated MBSs as AAA, so take their ratings with a grain of salt. They might have guessed "right" this time as I think it is pretty apparent that the government is fiscally insolvent. This is going to be a really interesting week / month.
Vicente
2011 Aug 8, 3:42pm
Down over 600 points. Wake up!
Well I just have seen bigger drops, 'sall I'm saying. We are still way up from where were in 2008.
Curses, I'm getting a little teary-eyed thinking about Congress voting to pass TARP while someone called out point drops. It was soooo... romantic!
On Aug 08, the Dubai Financial Market, or DFM, General Index fell more than five per cent.
The aftershock of the devastating US credit downgrade rumbled across the Middle East region on Sunday with stock markets in the UAE and rest of the GCC countries tumbling in what might be a dismal foretaste of how the rest of the world markets would react.
http://www.khaleejtimes.com/biz/inside.asp?xfile=/data/business/2011/August/business_August160.xml§ion=business