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anthem
Heavy Crude
Joined: Apr 02, 2005
Posts: 103
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 Posted: Wed Sep 17, 2008 1:59 pm Post subject: Re: Stocks Death Spiral in last hour of trading |
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Gonna be below 10600 before the day is over.
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benzoil
Heavy Crude
Joined: Aug 26, 2005
Posts: 447
Location: Windy City No Longer
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| Posted: Wed Sep 17, 2008 2:08 pm Post subject: Re: Stocks Death Spiral in last hour of trading |
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| anthem wrote: | | Gonna be below 10600 before the day is over. |
10609 and change. Ouch.
Looks like I picked the wrong week to quit sniffing glue.
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burtonridr
Intermediate Crude
Joined: Aug 03, 2007
Posts: 763
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| Posted: Wed Sep 17, 2008 2:08 pm Post subject: Re: Stocks Death Spiral in last hour of trading |
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| anthem wrote: | | Gonna be below 10600 before the day is over. |
aww so close 10609 
Bet it opens lower though
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burtonridr
Intermediate Crude
Joined: Aug 03, 2007
Posts: 763
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| Posted: Wed Sep 17, 2008 2:09 pm Post subject: Re: Stocks Death Spiral in last hour of trading |
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| benzoil wrote: |
Looks like I picked the wrong week to quit sniffing glue. |
its not to late to start again 
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Tired of high gas prices? Then stop driving to work, duh..... Learn to Work from home
Peak Oil Blog = http://getroasted.wordpress.com |
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killJOY
Fission
Joined: Feb 21, 2005
Posts: 2510
Location: ^NNE^
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| Posted: Wed Sep 17, 2008 2:11 pm Post subject: Re: Stocks Death Spiral in last hour of trading |
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minus 450???
J. H. C.!!!
Danger, Will Robinson!
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benzoil
Heavy Crude
Joined: Aug 26, 2005
Posts: 447
Location: Windy City No Longer
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| Posted: Wed Sep 17, 2008 2:15 pm Post subject: Re: Stocks Death Spiral in last hour of trading |
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| burtonridr wrote: | | benzoil wrote: |
Looks like I picked the wrong week to quit sniffing glue. |
its not to late to start again |
No need. I'll just make some popcorn and see what the idiots on the business channels have to say about today. They're all hallucinating for me at this point.
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burtonridr
Intermediate Crude
Joined: Aug 03, 2007
Posts: 763
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killJOY
Fission
Joined: Feb 21, 2005
Posts: 2510
Location: ^NNE^
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| Posted: Wed Sep 17, 2008 2:22 pm Post subject: Re: Stocks Death Spiral in last hour of trading |
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First name Jesus. Middle name "H." Don't wear it out.
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"By the time individuals discover that remaining resources will not be adequate for the next generation, the next generation has already been born. " David Price |
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burtonridr
Intermediate Crude
Joined: Aug 03, 2007
Posts: 763
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| Posted: Wed Sep 17, 2008 2:24 pm Post subject: Re: Stocks Death Spiral in last hour of trading |
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| killJOY wrote: | | First name Jesus. Middle name "H." Don't wear it out. |
oh LOL
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Tired of high gas prices? Then stop driving to work, duh..... Learn to Work from home
Peak Oil Blog = http://getroasted.wordpress.com |
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Zardoz
Expert
Joined: Dec 02, 2005
Posts: 6786
Location: Oil-addicted Southern Californucopia
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| Posted: Wed Sep 17, 2008 2:39 pm Post subject: Re: US Stock Market In Apparent Death Spiral |
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CNBC is really entertaining to watch these days. It's fun to see how the various talking heads spin this.
Cremer is, as always, a blustering blowhard of a clown: "There's always a bull market somewhere!"
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"Thank you for attending the oil age. We're going to scrape what we can out of these tar pits in Alberta and then shut down the machines and turn out the lights. Goodnight." - seldom_seen |
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burtonridr
Intermediate Crude
Joined: Aug 03, 2007
Posts: 763
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| Posted: Wed Sep 17, 2008 3:28 pm Post subject: Re: US Stock Market In Apparent Death Spiral |
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Ok, who added Apparent?
What did you think we wouldnt notice? You cant take it back that easily
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Tired of high gas prices? Then stop driving to work, duh..... Learn to Work from home
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Specop_007
Expert
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Joined: Aug 12, 2004
Posts: 6288
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| Posted: Wed Sep 17, 2008 5:09 pm Post subject: Re: US Stock Market In Apparent Death Spiral |
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So lets see. Down 4% today. Wasnt yesterday 2%? Another 4 on Monday.
So for the week we're down roughly 10%? The weekly total thus far STILL isnt enough to kick in the market stops on a per day change.
Free fall? Crash? End of times?
Hardly. This is a beautiful controlled descent. Granted "We the people" are getting fleeced pretty good for it and it could pick up the downward pace at any point but for now I'm impressed with how well the market is handling it all.
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"Battle not with monsters, lest ye become a monster, and if you gaze into the
Abyss, the Abyss gazes also into you."
Ammo at a gunfight is like bubblegum in grade school: If you havent brought enough for everyone, you're in trouble
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ReverseEngineer
Light Sweet Crude
Joined: Jul 16, 2008
Posts: 1741
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| Posted: Wed Sep 17, 2008 5:25 pm Post subject: Re: US Stock Market In Apparent Death Spiral |
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| Specop_007 wrote: | So lets see. Down 4% today. Wasnt yesterday 2%? Another 4 on Monday.
So for the week we're down roughly 10%? The weekly total thus far STILL isnt enough to kick in the market stops on a per day change.
Free fall? Crash? End of times?
Hardly. This is a beautiful controlled descent. Granted "We the people" are getting fleeced pretty good for it and it could pick up the downward pace at any point but for now I'm impressed with how well the market is handling it all. |
Absolutely, we are on the track at Indianapolis with Henry in the Driver's Seat and Ben in charge of the Pit Crew. I feel very safe.
Reverse Engineer |
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nobodypanic
Intermediate Crude
Joined: Jun 02, 2008
Posts: 620
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| Posted: Wed Sep 17, 2008 5:26 pm Post subject: Re: US Stock Market In Apparent Death Spiral |
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| Specop_007 wrote: | So lets see. Down 4% today. Wasnt yesterday 2%? Another 4 on Monday.
So for the week we're down roughly 10%? The weekly total thus far STILL isnt enough to kick in the market stops on a per day change.
Free fall? Crash? End of times?
Hardly. This is a beautiful controlled descent. Granted "We the people" are getting fleeced pretty good for it and it could pick up the downward pace at any point but for now I'm impressed with how well the market is handling it all. |
it's a boiling frog. |
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Specop_007
Expert
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Joined: Aug 12, 2004
Posts: 6288
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| Posted: Wed Sep 17, 2008 5:28 pm Post subject: Re: US Stock Market In Apparent Death Spiral |
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| ReverseEngineer wrote: | | Specop_007 wrote: | So lets see. Down 4% today. Wasnt yesterday 2%? Another 4 on Monday.
So for the week we're down roughly 10%? The weekly total thus far STILL isnt enough to kick in the market stops on a per day change.
Free fall? Crash? End of times?
Hardly. This is a beautiful controlled descent. Granted "We the people" are getting fleeced pretty good for it and it could pick up the downward pace at any point but for now I'm impressed with how well the market is handling it all. |
Absolutely, we are on the track at Indianapolis with Henry in the Driver's Seat and Ben in charge of the Pit Crew. I feel very safe.
Reverse Engineer |
I didnt say we should feel safe. I didnt say things are ok.
I said for whats happened the market has held up quite well. I mean hell we havent even had a early closure of the markets have we?
So, seems things are goin pretty well all things considered.
_________________
"Battle not with monsters, lest ye become a monster, and if you gaze into the
Abyss, the Abyss gazes also into you."
Ammo at a gunfight is like bubblegum in grade school: If you havent brought enough for everyone, you're in trouble
كا&# |
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