NBC Today : Maria Bartiromo uses the "C-word" re: the stock market

[npincus]

as in "crash". An ominous term.

[hlthe2b]

1. Somewhere I'm sure McCain respond with his special "c" word

:eyes:

[WeDidIt]

2. The Finance Talkiing Heads are in full out meltdown mode

They are all panicky. I watched several different finance people this morning and they are FREAKED THE FUCK OUT!

[npincus]

4. me, too. It looks like the bottom has dropped.

The last "crash" was 1929... where is this going?

[OneGrassRoot]

3. "crash" being used widely this morning by "veteran analysts." n/t

[WCGreen]

5. But most of these vetern analysts were in high school the last time

the market tanked bad in 1987...

The 2001 fall off was due to 9/11.

This one is just panic and people having no confidence in the market.

[groovedaddy]

6. Quick. let's privatize social security! ;-> n.t

[Ganja Ninja]

7. Maybe it's because Bush is going to hold another pep talk today.

:hide:

[WillyT]

8. Yep... The Expression On The Faces Of These Traders Says A Lot...

Leaving work after yesterdays losses.



And today looks to be frightening too.

Europe right now: http://finance.yahoo.com/intlindices?e=europe

[tekisui]

11. 6% to 10% drops all around.

What I don't understand is that analysts and economists were all over yesterday saying that the bottom will be hit in the next day or two, and that their psychology was going to change.

What makes them think the psychology will change?

[WillyT]

13. First... I Know Very Little About The Markets And Finance, But...

apparently they are trying to find "the floor". Problem is, with people panicking, it's hard to know where the floor is. Many have estimated 8,500 would do it, but even now that looks in doubt.

Somebody on CNBC was saying that he wouldn't want to be "long" going into the weekend. Which I took to mean exposed. So it sounded to me like people were gonna be selling off even more today for that reason.

Again... I'm only guessing here.

:shrug:

:hi:

[bigscott]

17. please don't forget

this is what these people do for a living - they hype the drama in the markets to get ratings - just like the weather channel does every time there is a tropical depression in the middle of the atlantic.

I am in NO WAY minimizing the carnage in the markets and the suffering of those of us who have lost a ton of money this year. But please remember the more maria or the rest of them get excited, the more viewers tune in to watch the drama unfold.

A few calmer heads on the tube would be nice - maybe Jane and Joe Average American would not panic and dump their stocks and mutual funds now that they have already lost 40%+

peace

S

[gateley]

9. They're using 'crisis' a lot, too. nt

[Rockholm]

12. Hope they keep the word "panic" in check today.

Panic is the worst word for the market IMHO.

[truthisfreedom]

10. Bottom is 8000 but if it goes below that, I say 7400.

I have no idea what I'm talking about, but if anyone wants to enter my numbers in a pool, I get the free steak dinner or whatnot.

[SoonerPride]

14. REPUBLICAN DEPRESSION or REPUBLICAN RECESSION

Always

[eShirl]

15. at least the stock market doesn't plaster on the makeup like a trollop

[DefenseLawyer]

18. So true, my fellow prisoner. n/t

[BumRushDaShow]

16. CNBC already called it that yesterday evening. n/t