world markets today

[Micko]

Re: world markets today

Yikes

[NastyD]

Re: world markets today

miro, i expect a better opinion out of you, considering your firm. if americana kept the balance sheets happy, today would be an anarchist's pipedream. media caused the mass deportation of money from the market, like the old days where birth control was considered pullin out.

Isn't much of the problem down to bankers selling stupid loans to people who were in no position to ever repay them???

[Miroslav]

Re: world markets today

miro, i expect a better opinion out of you, considering your firm. if americana kept the balance sheets happy, today would be an anarchist's pipedream. media caused the mass deportation of money from the market, like the old days where birth control was considered pullin out.

I'm sorry, but I have to say it: wake up, bro. You can't just blame this all on the media. What you saw these past several years was a market bubble. What you're seeing now may certainly be exacerbated by the media in the short term, but it is not fundamentally caused by the media. It's fundamentally caused by the fact that people extended tons of risky loans to other people they shouldn't have and then got a bunch of other people to invest in those crap loans once they were securitized. I don't have to go through the whole story, I trust you have heard it a lot by now.

Now I do agree that people are panicking and overreacting. It's unfortunately a natural aspect of human nature in times of uncertainty and crisis. And yes, maybe if the media reported things differently, we might have had a 300+ point drop yesterday instead of a 600+ point drop. But that short-term statistical noise will even out over a longer period. To me, the fundamentaly point remains the same: there are real economic reasons for the recession we're heading into, and it needs to happen. And it's ultimately going to happen, regardless of what the media does or doesn't do.

Isn't much of the problem down to bankers selling stupid loans to people who were in no position to ever repay them???

bingo. thank you. I think this may be my new signature.

[TomTom]

Re: world markets today

I almost do not even dare to check my depot anymore. What I earned in the last 2 years with single shares and investment funds is gone and as a bonus I lost some of what I had so I would have done better if I kept the money under my pillow. Deutsche Bank shares reached a level where they have not been since ages and compared to last year November they lost 60%..the fookin DAX kept on dropping today...YUCK. I work in the development department of a funds bank and know some people who work in middle and back office..they said our customers are going more and more for panic sales now and they are flooding us with commisions so they had to quickly hire external workers to handle the load. Despite of all the bullshit going on right now, soon should be an excellent time to buy new shares to start the Game all over again till the next bubble bursts. Here in Germany they are planning to put the leaders and managers into charge and make them pay with their private wealth if they are making too risky business and fail...let's see if this new bubble really changes something in the attitude of people.

[chuckc]

Re: world markets today

We are almost in the 7000 level. That would be half of the peak we hit a year ago today.

[Miroslav]

Re: world markets today

OK, time to make some crazy guesses!

We will bottom out somewhere around 6,750 on the Dow. 725ish on the S&P. Then we will dead cat bounce and retest these lows within 3/4 of a year or so. After that, confidence will grow around that resistance level and the market will begin to stabilize somewhere in 2010 on the way to recovery. Broader economic recovery will of course lag that into the 2011-2015ish timeframe. Longer for other parts of the world. And it will take perhaps decades to get back to the highs we had.

wheee!

[FM]

Re: world markets today

^^^nice call...even after today's ferocious rally fell short, I feel about the same that the Dow should hit that 7000ish mark as the actual bottom. It tested 8000 today twice and bounced off big time...but the continued cycle of world markets also downward should ultimately send it that way at minimum below 8K

Record is 14 straight loss days, today was #8.

The flipside? Holiday weekend to at least catch your breath and try to see if things will cool off a bit...

[runningman]

Re: world markets today

I see the stock market collapsing this week with a real shock and awe type feel.. I see the stock market imploding going down to 4500.. More bank failures, confidence further shaken,companies to cut more jobs, people fiercely moving away from the dollar, dollar collapse, more bailouts, causing hyperinflation. Hell this is only a 6 month prediction. No way of knowing past that.

[thesightless]

Re: world markets today

Isn't much of the problem down to bankers selling stupid loans to people who were in no position to ever repay them???

you do understand that the "default" mortgage loans that started this shitstorm literally account for less than 1/2 of a % point of all loans out there?

[Miroslav]

Re: world markets today

you do understand that the "default" mortgage loans that started this shitstorm literally account for less than 1/2 of a % point of all loans out there?

well, obviously that ended up being more than enough to do the trick...


Dow futures down 500 points before the bell, folks! Hang on to your hats bc today's gonna be FUN right out of the gate! BUY, BUY, BUY!!!

[FM]

Re: world markets today

down "only" 312...still holding in the low 8000's...or treading water depending on how you look at it...

[Localizer]

Re: world markets today

it'll go up and down. Nikkei is fairly stable at 2:30, Monday, their time. Should be a rally sometime this week since the day traders are gonna go bull on good buys. Last week saw a good amount of new 52 week lows.

This isn't the end of the world. It's a massive consolidation and transfer of power by our homies, the bankers. New president will step in and assign new contracts to their homies as well. It'll be an interesting next few months.

Edit: Nikkei closed some 400 lower. gay.