Seen the stockmarkets today...?
 

http://finance.yahoo.com/news/World-...-14508122.html

Asia:
http://finance.yahoo.com/#market_summary_asia

Europe:
http://finance.yahoo.com/intlindices?e=europe

:Oh crap

looks kinda bad....

Dow -119.15 (-1.69%)

I wonder if it could dip below 7000 today.

worse and worse

Countries put out all these massive bailout and stim packages and the stock markets continue to tank... looks like investors have no confidence in the leadership.

Dow falls below 7,000 as worries about banks mount
Dow Jones industrials fall below 7,000 as worries about global financial system surge

source: http://finance.yahoo.com/news/Dow-fa...-14510516.html

wow, guess that answers my question.

it's on 6900 :Oh crap

Will AIG fall ?
http://edition.cnn.com/2009/BUSINESS...ner/index.html

will they fail? shit I hope not we gave them 150 Billion and they just asked for 30 More

Who at AIG is going to walk away with billions when they fail?

There is no support for the DOW until around 1,000 now that 7,000 is broken :Oh crap

I've said many times that the governments around the world WANT the markets to tank. They need investors to buy their bonds to fund all this bailout/stimulus crap. They will manipulate the markets to make things less stable. They are doing it already...

Unless you are a pro get out of the market entirely. You will almost certainly get burned.

Despite bailout, AIG reports massive loss
American International Group reported a stunning $62 billion quarterly loss today
http://money.cnn.com/2009/03/02/news.../aig/index.htm

This is all BS! These banks have made so much money.
They get the Bailout money for these bad house loans.
They get to keep the houses and resell them!
They get to still run collections on the difference on the inflated house prices that were foreclosed on.
Example. My friend couldn't pay, his house was sold for $60K less than he owed.
The Bank received a bailout for this bad loan, the bank has the house, and the bank says my friend owes them $60k still.. man talk about getting paid Several times..

Just my rant about Banks....

we're fucked - should have just taken the bailout money these thieves blackmailed us into and put it into a fund to help the millions and millions of people who will need food and housing during the long Depression coming. all of them, the banks, the insurance companies, the auto companies should have been left to save themselves or go tits up.

It's going to be fine guys!
Obama has a plan to cut the budget in half. (guessing like Mexico did, just cut some zeros off)
His Budget is 3.6 Trillion dollars. If you spent One Million Dollars an Hour, 24 hours a day, it would take 411 years to equal 3.6 Trillion dollars...

So I heard anyway!

Homer Simpson said it best DOOHHH!!!!

rich will be rich, poor will be poorest, civil war is comming ... !

yup







.

bad news for rich people

not all and not only :2 cents:

FUCK, 60+ billions is a significative loss... How could this happen?

That's just 4 the 4th quarter of 2008. Since I guess 2009 will be worse.....
do the math... :Oh crap

Anyone who did not get out at 10 or 9 are fucking stupid. The DOW will bottom near 3,000.

What about the tax money from the compagnies that are going to fail ? you don't make much sense.

The market has no confidence in Obama's absurd pork spending binge and massive government expansion. It is going to be a long 4 years.

I had read its got to hit bottom. And that bottom is around 5000 then it can start recovering. We will see.

Damn that Obama...if only we would have Bush be our president for 4 more years...LOL....or wait better yet....John Mccain and the retarded pageant lady...LOL
Back to work.

http://finance.yahoo.com/intlindices?e=europe
down 3,46% to 5,67%

http://finance.yahoo.com/intlindices?e=asia
down 3% to 5% also

http://finance.yahoo.com/intlindices?e=americas
down 3.62% to 7.02%

Not a good day for the stock markets. Not good at all.

I am not saying they want a total collapse, but there is a risk of that. They clearly DO NOT want the markets to stabilize right now. If they did they would be doing things quite differently. If you add up the total FX reserves of China and Japan there is not enough money to fund what we need for all these stimulus/bailout programs in the US. There is a lot of private money sitting on the sidelines. A stable market means people will invest in the market vs. a treasury bond yielding 1% (or less). Instability and uncertainty will drive private money into these bonds.

Almost at 6800 and the day ain't over yet. Not good.
Then tommorrow, Asia & Europe will react to todays US indices...
When will all this scary shit end?

Dow 6,763.29 -299.64 -4.24%
http://monkeys.funny-animal-picture....y-monkey-2.jpg

Yeah, the sky is kinda falling today!

Totally agree. Would have less of an impact than the Bullshit they are doing now.

The dow should and will be between 3,000 and 3,500. :pimp

Some of my options posted 75% gains today.. indexes down.. my options up :) yes I am profiting off misery.. keep up the good work.

I've been hitting F5 every 10 minutes on cnn and finance.yahoo all day after I read 67 Billion loss in one quarter from AIG (..times 4 in my mind...assuming 2008 was better then 2009) and compared to the money they received in bailout, it just did not add up IMO and I just got a "bad vibe".

Tommorrow all investors/banks/media&press/etc. are gonna react to it and that is my fear.

Good to hear you are doing well on the shifting my friend :thumbsup

yep today triggered a buy order from me.

It's getting easy to predict what's going down :winkwink:
So the "options" are open I guess :2 cents:
I hope your order does well James. We all need some luck now and then next to hard work.

So yea, how much moola did the govt throw away to AIG again? How much of that has probably vanished? Companies do stupid things, make shitty investments, and we reward them! They need to change their name to UGH.

Trying to pick a bottom in this market has been a futile effort. I continue to buy on these heavy drops knowing full well I am going to still feel pain. No support at any level down here (short of the psychological level of 700 on the S&P).

The good news is we are starting to see a wash out. When everyone is negative that's a good sign. Everyone needs to lose hope and just give up. Then we can start talking about a bottom being formed.

Hiding in gold could be a mistake right now as well. Margin calls will be coming in fast and furious and the first thing people are going to sell is the winning positions they have (IE: gold) to make the calls.

They had to. It's almost like a legit blackmail because one needs the other. But now the want the whole hand instead of just one finger.
Up to a certain point I feel it's right to help out as a government. I really do.
But most really large businesses are just a bit smarter then politicians and media combined.
Ask any really really good certified accountant. This is where all gets ugly.