stocks in freefall now ...dow -508

[spanone]

n/t

[DrDan]

1. we must be watching different markets - mine is down 330

[spanone]

4. here

www.nytimes.com

front page -443

[DrDan]

9. it was down over 400 - but I am watching CNBC - down 334 right now

[spanone]

14. they sorely need to update their ticker

[DrDan]

15. showing -343 now

bizarre how there could be a difference in 100 in reporting

[DrDan]

45. interesting - CNBC seems to lag by 15 minutes or so - I did not know that before

guess I need a new source

[DrDan]

46. Never mind - not CNBC's fault - it was mine

Brighthouse offers the ability to start a show from the beginning if one joins late. I must have joined CNBC late - and without thinking, started it "over".

So I was watching a delayed broadcast.

Whew - restores my faith in their ticker.

duh.

[nadinbrzezinski]

5. 443 right now

[GSLevel9]

2. Lol... How was the birthday cake last night Mr Pres?

[tridim]

7. You think it's funny?

And Obama's fault? Why?

This is the GOP/Teaterrorist dream market.

[GSLevel9]

47. Obama's the POTUS

bottom line he gets the CREDIT/BLAME.

So I'm smelling a big steamy plate of FAIL.

If the market was UP 1500 in a week... he'd be out there smiling ear to ear... so if it's DOWN as is the whole ECONOMY BTW... he should WEAR IT.

Give me 1995 any time...

[mzmolly]

23. Wallstreet is losing. Isn't this one way to address income

inequality? ;)

[nadinbrzezinski]

3. I wonder if automatic breaks will come today or tomorrow

the employment numbers tomorrow...oy

[DemocratSinceBirth]

11. If There's A Real Bad Number They Might Have To Close The Markets

Is it a 1,000 point drop that does that?

[Skip_In_Boulder]

22. Here are the market triggers that stop trading.

[DemocratSinceBirth]

25. No Way It Is That Bad

We might see people jumping out of buildings.

[nadinbrzezinski]

30. If we get even close to that...

OY

Now MSNBC said PANIC sell

[Skip_In_Boulder]

34. Yeah, if it gets to those levels

then we can start talking about a crash.

[Broderick]

6. 443

DOWN

http://www.cnbc.com/id/44017828


All gains for the year - GONE.

[trueblue2007]

8. THE DROP IN THE DOW IS BECAUSE OF EUROPE

[county worker]

13. explain please

[nadinbrzezinski]

42. Italy and Spain are on the verge of default and the

Eurozone is tottering.

That is the short version.

(IMO this is also about structural weaknesses and the austerity just passed here... in other words, what part of the shit sandwich do you want to take primary blame? It will take a few historians after the dust settles)

[jannyk]

31. Agreed (and Japan).

[county worker]

10. minus 442 on yahoo finance just now and dropping

[Fantastic Anarchist]

12. Capitalism will eat itself. n/t

[krispos42]

16. Here's a current graph

slapped that puppy right in my sigline!

[indurancevile]

17. "Bond prices rose sharply as investors sought safety in Treasuries"

[DemocratSinceBirth]

29. Didn't Nobel Prize Winning Economist, Glen Beck, Say Treasuries Are Unsafe

Because of incipient inflation.

[Broderick]

37. That is funny!

[B Calm]

18. Someone is stealing our retirement money again

[Not Me]

26. Three weeks ago, I got a very uneasy feeling from Congress

and moved my entire retirement 401k/457 into safe guaranteed income funds.
I normally don't ever try to time the market, but this manufactured crisis could not be ignored.
So the money sits at ~4% a year. For now.

[spinbaby]

19. I don't get it

Haven't companies been reporting record profits lately?

[jannyk]

32. Fear of Global Recession I'm afraid.

[cbdo2007]

20. Of course it is, the recent growth was unnatural. This is just a correction and we'll see more.

[Major Hogwash]

21. He didn't sign the bill fast enough!!

If he would have just initialed it, he could have saved 14 or 15 seconds.
Or, he should have used that auto signature thingy, that would have saved maybe a minute or two,
But what the hell.

[blueknight]

28. folks, their plan is working pefectly

this was the right wing plan all along. destroy the economy, and you destroy obamas re-election bid. quite simple to see actually. the right wingers hate obama more then they love their country. and they WILL destroy this country in order to get back in the white house

[Major Hogwash]

44. I agree.

They did the same thing to President Carter in 1979 and 1980.
What we need to do is somehow work around the system, barter with each other, unionize with each other, and freeze the corporations out as much as we can.

Go back to buying at Mom and Pop stores, and break the Big Box stores monopoly on goods.
Marketing is very simple - the "4 P's" of marketing are -

Product
Price
Place
Promotion

We can go to farmer's markets and get our veggies.
We can get cheaper products at smaller chain stores, because they have to compete with Wal-mart, which is a freakin' monopoly.
We can shop at homegrown stores that are only local.
And we can spread the news (this is the promotion part) by word of mouth.

In the 60s the college kids didn't just talk about it, they did it!
They organized and put out the word.
We have the internet, a forum or two, and can use Twitter.
I think the corporations went too far this time in thinking that we are a captive audience and that we "have to" buy from them, we don't.

I buy off brands all the time now.
I never buy anything that is sold on tv because that type of promotion makes me sick.
When Bush was in office, I put off making any of the large purchases at all.
I used a broken down refrigerator for 2 years while that S.O.B. was the President!

[Jon Ace]

24. About to pass -475... (nt)

[JanMichael]

27. I hate to see so many people get hurt in their retirement accounts, but!

There is one SOB whose face I would like to see right now...it's the only silver lining for me. I know; that's awful...but, this guy is a real shit.

[cbdo2007]

33. The only people who will get hurt in this are those who panic and sell.

[nadinbrzezinski]

39. He is insulated, other folks are not

[jpak]

35. down -500 now

n/t

[jannyk]

36. Holy Shit -501!

[nadinbrzezinski]

38. 512

[jannyk]

40. Completely Tanking in last 5 mins of trading!

[okieinpain]

41. i think i did that, I just rebalanced my 401k. sorry. n/t.

[jannyk]

43. Ends the Day -512.