Oct6th - Dow jones -500 / -4.60% level 9865.00 - Page 4

Steve_A · 10-07-2008, 09:11 PM

Hi ctophil,

DOW closed down 878.27 ! 8.51%

Citigroup went down 12.98%

Bank of America CP got hammered, down 26.23%

JP MORGAN CHASE CO down 10.64%

By the way, the Citi story with Wells Fargo smells. Citi offered $2 a share. Wells offered $6 dolars a share - a huge difference for what was described as a failed bank. Then Citi wants to fight over the attempted sale. Tere must be more than meets the eye here. Right?

Best regards,

Steve

Quote:

Originally Posted by ctophil

Are you talking about Citigroup? All they doing recently is trying to play tug-of-war with Wells Fargo and snatch Wachovia. What else is new?

-Phillip

Rocky_Shorz · 10-08-2008, 12:06 AM

Quote:

Originally Posted by Steve_A

Hi ctophil,

DOW closed down 878.27 ! 8.51%

Citigroup went down 12.98%

Bank of America CP got hammered, down 26.23%

JP MORGAN CHASE CO down 10.64%

By the way, the Citi story with Wells Fargo smells. Citi offered $2 a share. Wells offered $6 dolars a share - a huge difference for what was described as a failed bank. Then Citi wants to fight over the attempted sale. Tere must be more than meets the eye here. Right?

Best regards,

Steve

Citi was buying it thinking the Government was just going to take the sunk part of the company... Right after that is when they decided to let banks take bad debt off the books without setting money aside to cover it.

That's when Wells stepped in and offered the higher price without government assistance.

Rocky_Shorz · 10-08-2008, 12:23 AM

Nikkei has been open 20 minutes and is already down 350 points...

LOCOAZ2008 · 10-08-2008, 01:39 AM

Germany takes hot seat as Europe falls into the abyss

We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars.

We are fast approaching the point of no return. The only way out of this calamitous descent is “shock and awe” on a global scale, and even that may not be enough.

http://www.telegraph.co.uk/finance/c...the-abyss.html

colesmommy1117 · 10-08-2008, 02:55 AM

Quote:

Originally Posted by LOCOAZ2008

Germany takes hot seat as Europe falls into the abyss

We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars.

We are fast approaching the point of no return. The only way out of this calamitous descent is “shock and awe” on a global scale, and even that may not be enough.

http://www.telegraph.co.uk/finance/c...the-abyss.html

I don't know what "extreme danger" you speak of, because we are in the 5th night of the Galactic cycle. Read some literature concerning the Mayan prophecy. Relax. We are on a schedule.

Rocky_Shorz · 10-08-2008, 11:31 PM

http://www.reuters.com/article/ousiv...497BQZ20081008

Quote:

WASHINGTON/NEW YORK (Reuters) - At midnight on Wednesday, U.S. regulators will restore investors' rights to make bearish bets on financial stocks but few expect it to put an end to wild swings in the market.

For nearly three weeks, investors who bet on falling stock prices have been prohibited from short selling more than 950 companies under an experiment by securities regulators to restore equilibrium to a fragile financial system.

They had the option to extend the ban until the 17th, but decided not to wait...

LOCOAZ2008 · 10-09-2008, 07:41 PM

Hi!!!!

Dow jones is going down -413 / -4.47% / level 8844

what do tou think ??? Is this a first sign of colapse???

¡¡¡¡¡ i think, yes it´s !!!!!

LOCOAZ2008 · 10-09-2008, 07:44 PM

IN 3 MINUTES -551 / - 5.95% / LEVEL 8706

ATYT · 10-09-2008, 07:50 PM

Today is just going too fast too keep up with .

LOCOAZ2008 · 10-09-2008, 07:53 PM

Quote:

Originally Posted by ATYT

Today is just going too fast too keep up with .

YES YOU ARE RIGHT.

http://www.telegraph.co.uk/news/worl...ze-out-US.html

Russian president Dmitry Medvedev calls for Europe to freeze out US

The Russian president, Dmitry Medvedev, has called on European leaders to create a new world order that minimises the role of the US.

Hypnotize · 10-09-2008, 07:54 PM

Quote:

Originally Posted by ATYT

Today is just going too fast too keep up with .

yeah. DOW is down over 600.

10-09-2008, 08:13 PM

Quote:

Originally Posted by Hypnotize

yeah. DOW is down over 600.

-500 some yo yo big time!

Balancer · 10-09-2008, 08:13 PM

i guess there will be a really really "BLACK FRIDAY"

its getting serious pretty fast !

Mori · 10-07-2008, 09:31 PM

Quote:

Originally Posted by ctophil

Are you talking about Citigroup? All they doing recently is trying to play tug-of-war with Wells Fargo and snatch Wachovia. What else is new?

-Phillip

http://ml-implode.com/ailing/lender_...008-10-07.html

Mori · 11-12-2008, 10:33 PM

Quote:

Originally Posted by Mori

Big announcement? Look to a city (spelling) citi?

Patiently twiddles thumbs waiting on the MSM to catch up

Just a guess here...(is guessing even needed at this point with all the facts? Do we have all the facts? Could they pull out another skeleton from the closet?) 1st Cit followed by BoA, then Wells. Gman and J and P will attempt a transition.

I am by no means an "expert", just a financial reader trying to connect some dots.

10-08-2008, 12:23 AM	#3
Rocky_Shorz Avalon Senior Member Join Date: Sep 2008 Location: USA Posts: 1,098	Re: Dow jones -500 / -4.60% level 9865.00 Nikkei has been open 20 minutes and is already down 350 points...

10-08-2008, 01:39 AM	#4
LOCOAZ2008 Avalon Senior Member Join Date: Sep 2008 Location: TUMBES, PERÚ Posts: 77	Re: Dow jones -500 / -4.60% level 9865.00 Germany takes hot seat as Europe falls into the abyss We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars. We are fast approaching the point of no return. The only way out of this calamitous descent is “shock and awe” on a global scale, and even that may not be enough. http://www.telegraph.co.uk/finance/c...the-abyss.html

10-09-2008, 07:41 PM	#7
LOCOAZ2008 Avalon Senior Member Join Date: Sep 2008 Location: TUMBES, PERÚ Posts: 77	Re: Dow jones -500 / -4.60% level 9865.00 Hi!!!! Dow jones is going down -413 / -4.47% / level 8844 what do tou think ??? Is this a first sign of colapse??? ¡¡¡¡¡ i think, yes it´s !!!!!

10-09-2008, 07:44 PM	#8
LOCOAZ2008 Avalon Senior Member Join Date: Sep 2008 Location: TUMBES, PERÚ Posts: 77	Re: Dow jones -500 / -4.60% level 9865.00 IN 3 MINUTES -551 / - 5.95% / LEVEL 8706

10-09-2008, 07:50 PM	#9
ATYT Avalon Senior Member Join Date: Sep 2008 Posts: 65	Re: Dow jones -500 / -4.60% level 9865.00 Today is just going too fast too keep up with .

10-09-2008, 08:13 PM	#13
Balancer Avalon Senior Member Join Date: Sep 2008 Posts: 16	Re: Dow jones -500 / -4.60% level 9865.00 i guess there will be a really really "BLACK FRIDAY" its getting serious pretty fast !