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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-09-07 03:26 PM
Original message
-387.18
Edited on Thu Aug-09-07 03:59 PM by Texas Explorer
TANKED! On the news of one financial intitutions revelation that they're funds are insolvent.

And it's probably just getting started.

Booooooooyyyy howdy! Lookit that sea of red. Whew! Good thing the markets close.

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AlCzervik Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-09-07 03:27 PM
Response to Original message
1. and it's all sectors, everybody is getting hit--no more home equity lines means
many major purchases won't be made, the sub prime mess will effect all business's imo. Theres some trickle down economics for ya.
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JuniperLea Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-09-07 03:28 PM
Response to Original message
2. Tip of the ol' iceberg...
I'm sure.

So, don't they close the market when it hits a certain loss?
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no_hypocrisy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-09-07 03:28 PM
Response to Original message
3. Don't worry. Once Murdock has his staff in place, Dow Jones
and the Wall Street Journal will move the decimal point to the left and no one will lose that much money.
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The_Casual_Observer Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-09-07 03:49 PM
Response to Original message
4. "soft landing"
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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-09-07 04:00 PM
Response to Reply #4
7. As I claw along the sides of the cliff on the way down. nt
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-09-07 03:56 PM
Response to Original message
5. Which one this time?
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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-09-07 04:08 PM
Response to Reply #5
8. Get this: It was a French bank- BNP Paribas and that's in
a whole nother country and bringing our markets down. I know about globalisation and all that but when a bank in a whole nother country all the way across Lake Atlantic can bring us down, that's not so good.
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Speck Tater Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-09-07 03:57 PM
Response to Original message
6. This is the part where Wylie Coyote looks down and sees only air...
Oops. There's no more ground under his feet. Just wait until tomorrow when the next frame shows him starting to actually FALL...
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partylessinOhio Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-09-07 04:34 PM
Response to Original message
9. The Chickens are roosting. The country has tanked - why not the market?
:evilfrown:

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IndianaJones Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-09-07 04:34 PM
Response to Original message
10. the economy is strong. don't believe your lying eyes. nt.
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HughMoran Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-09-07 04:37 PM
Response to Original message
11. Losing a lot of money is not fun
I am feeling pretty unhappy these days.
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