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Peakoil.com :: View topic - Stock Market Crash! (merged thread)
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Stock Market Crash! (merged thread)
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AlterEgo
Tar Sands
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Joined: Jun 14, 2008
Posts: 81
Location: With one foot in ascent and the other in descent

PostPosted: Thu Jun 26, 2008 11:02 am    Post subject: Re: Stock Market Crash! (merged thread) Add User to Ignore List Reply with quote

Yes, Biofuel, I detect a major disturbance in the force. All of those rumors about international bank $$ transfers from NY. Gold up $25 this morning. Dow down beaucoup. Oil up beaucoup.

People are starting to rattle; nerves are fraying. Things are getting shaky. The denial is breaking about peak oil.
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jbrovont
Intermediate Crude
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Joined: Jun 16, 2006
Posts: 701

PostPosted: Thu Jun 26, 2008 11:23 am    Post subject: Re: Stock Market Crash! (merged thread) Add User to Ignore List Reply with quote

Almost 1,000 pts in what - a week and a half? uh oh.

biofuel13 wrote:
DOW down 250 pts to 11560. Ouch! Look out below.......
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biofuel13
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Joined: May 07, 2008
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PostPosted: Thu Jun 26, 2008 11:40 am    Post subject: Re: Stock Market Crash! (merged thread) Add User to Ignore List Reply with quote

AlterEgo wrote:
All of those rumors about international bank $$ transfers from NY.


I have heard several people mention these rumors. Anyone have a link for me??
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jasonraymondson
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Joined: Jul 04, 2007
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PostPosted: Thu Jun 26, 2008 11:46 am    Post subject: Re: Stock Market Crash! (merged thread) Add User to Ignore List Reply with quote

It is just another sign. The crash isn't quite here yet.

I give the entire ball 1 or 2 more years and then we will see the zombie hordes begin to manifest. Mass Rioting, Massive Crimes, and the whole kit n kiboodle
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pedalling_faster
Intermediate Crude
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Joined: Dec 10, 2005
Posts: 941

PostPosted: Thu Jun 26, 2008 12:45 pm    Post subject: Re: Stock Market Crash! (merged thread) Add User to Ignore List Reply with quote

some lines from American Cinema -

Game over, man! Game over!

I say we take off and nuke the entire site from orbit. It's the only way to be sure.

Well thats just great, thats just farking great man! Now what the Fark are we supposed to do? We're in some real pretty crap man!

I want this to go smooth, and by the numbers.

Hudson: "We're on an express elevator to hell - going down!"
Ripley: They cut the power.
Hudson: What do you mean "THEY cut the power"? How could they cut the power, man? They're animals!
Hudson: Maybe we got 'em demoralized.

What the hell are we supposed to use? Harsh Language?

Ripley: "So how many drops is this for you, Lieutenant?"
Bernanke: "Thirty eight, simulated."
Ripley: "How many combat drops?"
Bernanke: "Two, including this one."

- - - -

Fears of prolonged financial turmoil deepen

Financial times got my respect with that headline.

is this true doomer porn - or is this just the foreplay ?
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Heineken
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PostPosted: Thu Jun 26, 2008 12:55 pm    Post subject: Re: Stock Market Crash! (merged thread) Add User to Ignore List Reply with quote

The stock market has really been the last leg standing. Now it's starting to crumble, finally. Death by a thousand cuts, and by a Fed running out of tricks.

The stock market is realizing that economic growth is mostly finished in this country, and perhaps on this planet, because the foot-loose and fancy-free fuels that have powered it are dancing out the door.

Without economic growth you cannot have generalized growth in the stock market.

Step by step and clink by clank, you can hear the chains of the Greater Depression coming.

Or, it's like the end game in a chess game. You have a knight and a bishop and your equally skilled opponent has two rooks. You cannot win. Your king will topple.
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biofuel13
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PostPosted: Thu Jun 26, 2008 12:56 pm    Post subject: Re: Stock Market Crash! (merged thread) Add User to Ignore List Reply with quote

now down 305pts so far
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threadbear
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PostPosted: Thu Jun 26, 2008 1:11 pm    Post subject: Re: Stock Market Crash! (merged thread) Add User to Ignore List Reply with quote

The Dow is down 300 points last I checked. If it keeps this up, it will be under 11,000 very soon! Yes, some major disturbances in the force, Alter Ego.
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AlterEgo
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PostPosted: Thu Jun 26, 2008 1:13 pm    Post subject: Re: Stock Market Crash! (merged thread) Add User to Ignore List Reply with quote

biofuel13 wrote:
I have heard several people mention these rumors. Anyone have a link for me??


It looks like the rumors sank without a trace, Biofuel. The original link was to Madsen, who is not very credible in general? (I wouldn't know.)

http://www.waynemadsenreport.com/articles/20080624

And oil's at $140 now. Woohoo. Put this civilization down, it's toast.
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smiley
Fission
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Joined: Apr 16, 2004
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PostPosted: Thu Jun 26, 2008 1:56 pm    Post subject: Re: Stock Market Crash! (merged thread) Add User to Ignore List Reply with quote

I knew it was a bad omen when I woke up this morning to see Matthew Simmons as a guest on CNBC Europe breakfast news.

I knew it was really bad when I found out that they didn't invite him as the regular fruitloop to take a piss on (like they do now and then), but that they were taking him seriously.

Not that you shouldn't take him seriously, on the contrary.

However you know things are really going down the drain when CNBC the stronghold of cornucopian optimism is looking at Simmons for guidance.
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Troyboy1208
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PostPosted: Thu Jun 26, 2008 1:58 pm    Post subject: Re: Stock Market Crash! (merged thread) Add User to Ignore List Reply with quote

Holy Shiza the DOW is almost down 350!! My portfolio is trashed...at least now I can buy more shares lol.
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killJOY
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Joined: Feb 21, 2005
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PostPosted: Thu Jun 26, 2008 2:03 pm    Post subject: Re: Stock Market Crash! (merged thread) Add User to Ignore List Reply with quote

Quote:
Holy Shiza the DOW is almost down 350!!


Fun, ain't it?

It's good to be a peasant.
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threadbear
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PostPosted: Thu Jun 26, 2008 2:12 pm    Post subject: Re: Stock Market Crash! (merged thread) Add User to Ignore List Reply with quote

Troyboy1208 wrote:
Holy Shiza the DOW is almost down 350!! My portfolio is trashed...at least now I can buy more shares lol.


Now wouldn't be the time for "dollar cost averaging" tactics! Shocked
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Heineken
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PostPosted: Thu Jun 26, 2008 3:05 pm    Post subject: Re: Stock Market Crash! (merged thread) Add User to Ignore List Reply with quote

I wouldn't dream of owning stocks ever again.
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Ferretlover
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PostPosted: Thu Jun 26, 2008 4:33 pm    Post subject: Re: Stock Market Crash! (merged thread) Add User to Ignore List Reply with quote

Oil up, S&P down, Nasdaq down, the Dow down 355+ pts, gold up 32+.
What's going on? The little pills being distributed daily were substituted with placebos? All the hedge fund managers skip town? Has the date for attacking Iran been set?
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