Dow Futures Plunge 550 Points, Hit Sell-Off Limit

Get your popcorn and take your seat. The big show is about to begin...

peace,
julie

http://www.foxbusiness.com/story/markets/futures-plummet-ugly-day-street-expected/

[Steve_A]

Hi CosmicFever,

Not to add fuel to the fire, but at the close of business yesterday, in spite of bad revenue results, three of the highest climbers in an otherwise light volume market were Boeing at over 8%, AT&T and 3M.

What do these three companies have in common? Look and you will find out.

Best regards,

Steve

Originally Posted by CosmicFever

Get your popcorn and take your seat. The big show is about to begin...

peace,
julie

Hey Steve,
I'm not sure. What do they have in common?

peace,
julie

[Pinktip]

"volume market were Boeing at over 8%, AT&T and 3M.


Defense contractors??..........


http://www.cnbc.com/id/15840232?video=902540383&play=1

[Steve_A]

Hi Pinktip,

Give that girl a cutey doll!

You've got it.

Best regards,

Steve

Originally Posted by Pinktip

"volume market were Boeing at over 8%, AT&T and 3M.


Defense contractors??..........


http://www.cnbc.com/id/15840232?video=902540383&play=1

Welcome to the One World Currency!!!

[deb003]

Did I hear wrong, or did he call Paulson, the "Illuminati of the world"??
Finally some honesty on main stream news!!

[aiwass322]

WTF!!!!!

3:05 into the clip he mentions "bla bla and the illuminati of this country" made a bad move. Freudian slip?

[Steve_A]

Hi deb003,

I picked up on that also. I was going to send a comment, but your fingers were much faster thin mine!

Good detective work... it's these small fleeting comments that could put a whole new meaning to the general picture. By the way it was the 'Illuminati of the country'.

Best regards,

Steve

Originally Posted by deb003

Did I hear wrong, or did he call Paulson, the "Illuminati of the world"??
Finally some honesty on main stream news!!

Wow!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[petem]

I do believe the derivative crime wave has hit the market today;

Roubini Says `Panic' May Force Market Shutdown -- Hundreds of hedge funds will fail and policy makers may need to shut financial markets for a week or more as the crisis forces investors to dump assets, New York University Professor Nouriel Roubini said. ``We've reached a situation of sheer panic,'' Roubini, who predicted the financial crisis in 2006, told a conference of hedge-fund managers in London today. ``There will be massive dumping of assets'' and ``hundreds of hedge funds are going to go bust,'' he said. Group of Seven policy makers have stopped short of market suspensions to stem the crisis after the U.S. pledged on Oct. 14 to invest about $125 billion in nine banks and the Federal Reserve led a global coordinated move to cut interest rates on Oct. 8. Emmanuel Roman, co-chief executive officer at GLG Partners Inc., said today that as many as 30 percent of hedge funds will close. ``Systemic risk has become bigger and bigger,'' Roubini said at the Hedge 2008 conference. ``We're seeing the beginning of a run on a big chunk of the hedge funds,'' and ``don't be surprised if policy makers need to close down markets for a week or two in coming days,'' he said. Roubini predicted in July 2006 that the U.S. would enter an economic recession. In February this year, he forecast a ``catastrophic'' financial meltdown that central bankers would fail to prevent, leading to the bankruptcy of large banks exposed to mortgages and a ``sharp drop'' in equities. Bear, Lehman The comments preceded the collapse of Bear Stearns & Cos. and Lehman Brothers Holdings Inc. as well as the government seizure of Freddie Mac and Fannie Mae. The Dow Jones Industrial Average, a benchmark for American equities, has lost 37 percent this year, including its biggest daily drop in more than twenty years on Oct. 15. The Dow average rose 2.5 percent to 8728.73 as of 10:55 a.m. today in New York. Italian Prime Minister Silvio Berlusconi roiled international markets on Oct. 10, first saying world leaders were discussing shutting down global financial exchanges, and then saying he didn't mean it. ``In a fairly Darwinian manner, many hedge funds will simply disappear,'' Roman said, speaking at the same event as Roubini. The hedge fund industry is stumbling through its worst year in two decades and posted its biggest monthly drop for a decade in September. Hedge funds are mostly private pools of capital whose managers participate substantially in the profits from their speculation on whether the price of assets will rise or fall.

BB&T, Wachovia and Bank of America branches are all down in Charlotte, NC. You cannot use your ATM and you cannot withdraw money. Period.

peace,
julie

[strayslack]

Where did you get this info? Do you live there, I assume?

I live in Charlotte and have business and personal accounts at BB&T.

You cannot access your account or use your ATM. I spoke to a manager and they told me it was a computer problem. I asked her "at all three banks?". She said, "Yes".


peace,
julie

[Tara]

FYI- The guy on CNBC has mentioned illuminati before.

http://www.minyanville.com/articles/...18963/from/msn


http://soundmoneytips.com/article/95...ime-to-be-bold

Originally Posted by CosmicFever

Get your popcorn and take your seat. The big show is about to begin...

peace,
julie

Hold your popcorn till tuesday

[housegroove23]

CosmicFever

There is a very critical & major security patch from Microsoft that is being pushed out to computers in the corporate world today. So it is very likely that there computers and or servers where down for a little while to install the patch.

Don't worry, where not there quite yet. Something tells me that they may just keep the whole thing stitched together with scotch tape until the beginning of next year.

[Steve_A]

Hi Everybody,

We must all be scratching our heads by now, wondering why the DOW isn't taking a serious nosedive. It appears that somehow, somebody, somwhere doesn't want it to go too south of 400 points.

Also trading is unusually light with,until now not even 1 billion transactions taking place. Normallyit's three or even four times that.

I think I said in a message in another thread howone simple fleeting sentence can change the whole way we look at the picture.

I'm not saying that the DOW is being manipulated by the government but I found this little phrase very interesting:

"Treasury Secretary Henry Paulson is monitoring the markets and staying in close touch with market participants, a spokeswoman said."

You can read the complete article at this link:

http://biz.yahoo.com/ap/081024/financial_meltdown.html

Best regards,

Steve

[joe2288]

Originally Posted by SplatPantZ

Hold your popcorn till tuesday

why wats gona happen this tuesday

[Gingernutmonkey]

Yeah I was all ready with the corn, butter and salt... what in the pipeline for Tuesday?

[Mikill]

The cheese topping for the popcorn gets delivered Tuesday!

[mmerlinn]

I was monitoring the financial markets all day today in anticipation of a BIG dump.

For two reasons:

1) Today is the day I predicted last July
2) Some overnight markets were LOCK LIMIT DOWN for HOURS and the major ones (DOW, S&P, NASDAQ) were all limit down at the open

Today is the FIRST time since Black Monday 1987 that the markets were limit down at the open. In 1987 they went down and stayed down most of the day. Now can someone tell me WHY today did not play out the SAME as the 1987 crash given that everything else seems to line up perfectly???

Originally Posted by mmerlinn

Sooner or later the market must be washed out
mmerlinn - Fri, Oct 24, 2008 - 02:53 PM

and until then there is no bottom in sight.

Looks 'controlled' to me, but no one yet has ever managed to 'corner' a market. They all have failed, MISERABLY. If this is a government trying to corner the market, watch out, it will get REAL ugly.

I had counted on it being today, but no way now. But since the August high I was expecting was TWO days LATE, it is now looking like either Monday or Tuesday before the market finally cleanses itself.

Quote by me on 12 October 2008 (http://www.prophecytalk.com/index.php?topic=5109.37):

"One last note. The high I expected on the last day of August actually occured on the next business day, Tuesday after Labor Day. As a result, there is a slim chance that the 24th may not be the low. Instead, the day of the crash could be the following Monday or Tuesday."

The above quote is from http://wallstreetbear.com/board/view...58&post=167566 where the general consensus today seems to be that someone/something was "controlling" the market.

If so, who knows how this will play out. One thing for sure, THE LONGER IT TAKES BEFORE THE MARKET IS ALLOWED TO CLEANSE ITSELF, THE GREATER THE CARNAGE IS GOING TO BE WHEN IT FINALLY WASHES OUT ALL OF THE DIRT.

Any dam has a limit, and when that limit is reached, all hell breaks loose below. The bigger the dam, the worse the damage.

[Steve_A]

Hi mmerlinn,

Just in case you missed my previous post, I think this could shed a little light on the subject.

"I'm not saying that the DOW is being manipulated by the government but I found this little phrase very interesting:

"Treasury Secretary Henry Paulson is monitoring the markets and staying in close touch with market participants, a spokeswoman said."

You can read the complete article at this link:

http://biz.yahoo.com/ap/081024/financial_meltdown.html "

Best regards,

Steve

Originally Posted by mmerlinn

I was monitoring the financial markets all day today in anticipation of a BIG dump.

For two reasons:

1) Today is the day I predicted last July
2) Some overnight markets were LOCK LIMIT DOWN for HOURS and the major ones (DOW, S&P, NASDAQ) were all limit down at the open

Today is the FIRST time since Black Monday 1987 that the markets were limit down at the open. In 1987 they went down and stayed down most of the day. Now can someone tell me WHY today did not play out the SAME as the 1987 crash given that everything else seems to line up perfectly???



The above quote is from http://wallstreetbear.com/board/view...58&post=167566 where the general consensus today seems to be that someone/something was "controlling" the market.

If so, who knows how this will play out. One thing for sure, THE LONGER IT TAKES BEFORE THE MARKET IS ALLOWED TO CLEANSE ITSELF, THE GREATER THE CARNAGE IS GOING TO BE WHEN IT FINALLY WASHES OUT ALL OF THE DIRT.

Any dam has a limit, and when that limit is reached, all hell breaks loose below. The bigger the dam, the worse the damage.