Can you all feel the tension ?

Dow Plunges 400 to Below 9,000 as Retail Sales Disappoint

Wednesday October 15, 1:42 pm ET
By Tim Paradis, AP Business Writer

Stocks plunge again after weaker-than-expected retail sales report stokes fears about economy

NEW YORK (AP) -- Angst over the economy is sending stocks plunging once again. A disappointing retail sales report has investors convinced that the banking crisis has caused cracks in the economy well beyond the financial sector and that a recession, if not already here, is inevitable.

The Dow Jones industrials are down more than 500 points, more than half their huge 936-point advance from Monday, and all the major indexes are down at least 5 percent.

The government's report that retail sales plunged in September by 1.2 percent -- almost double the 0.7 percent drop analysts expected -- made it clear that consumers are reluctant to spend amid a shaky economy and a punishing stock market. And the economy cannot grow unless consumers are spending.

http://biz.yahoo.com/ap/081015/wall_street.html
 
Boy, there's a surprise.

I need to pay an analyst 400 g's and a bonus for that?

Go into a store, and humble yourself. Befriend a clerk. You'll find out what time of day the CEO scratches his ass.

Go into Big lots. Picked clean. Go into DLTR and DEALS. Doing great. Go to worth ave? empty shops.

Remember what Patrick said on TV. In these bad economies, the Rich and poor bargain shop/. Only the middle class pays retail. And soon they'll be no middle class. Figure it out.
 
100 points up... 200 points down.... 200 points up... 400 points down...

These swings are incredible, lots of new wealth being made from old money.
 
someone on cnbc said they see snp500 at 1100 within 6-12 month time frame, with vix at 81 we can see that within 6-12 hours LMAO, this market is hand over fist fucked up, it needs some viagra
 
Huge put trades in S&P 500 pushes up fear gauge

Wed Oct 22, 2008 12:53pm EDT

CHICAGO, Oct 22 (Reuters) - Massive trades in the November S&P 500 put options on Wednesday may have driven the so-called VIX, Wall Street's fear gauge, to an inaccurate new record high near the open, several option participants said.

The Chicago Board Options Exchange Volatility Index .VIX opened at roughly 53, then immediately peaked to a new high of 81.45. The index rapidly pulled back toward the mid-60 reading within minutes.

A CBOE spokesman later confirmed the 81.45 reading was a bad print.

Option traders said this morning's expiration of October VIX options and futures may have played a role in the unusual behavior of the fear gauge, which still remains at lofty levels.

The VIX was up 12.95 percent to 59.99 in morning trade as U.S. stocks tumbled on concerns that the global economy is heading toward recession.

Huge blocks of deep out-of-the-money put option trades pegged to the Standard & Poor's 500 index .SPX traded near the open while the VIX moved higher. The strikes were in the new front month November contract, traders said.

"Since the VIX measures projected volatility of near-term S&P 500 option prices, the activity in those put options may have pushed up the VIX," said Frederic Ruffy, options strategist at New York-based Web site Whatstrading.com.

(Reporting by Doris Frankel, Editing by Chizu Nomiyama)
 
Soros says deep recession inevitable, depression possible

Thursday November 13, 11:01 am ET

WASHINGTON (Reuters) - George Soros, chairman of Soros Fund Management, testified at a House Oversight and Government Reform Committee hearing on Thursday. Highlights:

* Said "a deep recession is now inevitable and the possibility of a depression cannot be ruled out."

* Said hedge funds were an integral part of the financial market bubble which now has burst.

* Said hedge funds will be "decimated" by the current financial crisis and forced to shrink their portfolios by 50-75 percent.

* Said Fed, Treasury Department and the SEC must accept responsibility to prevent market bubbles from growing too big in future.

Said impossible to prevent market bubbles from forming, but they can be kept within "tolerable bounds."

* Said financial engineering should be regulated and new products approved by regulators, and that such regulation should be a high priority of the new Obama administration.

* Said a recent IMF credit facility not large enough to stabilize markets.

http://biz.yahoo.com/rb/081113/business_us_soros.html
 
If these levels hold, as the dow dip slightly under 8000, you could see a monster rally.........if not, we may see a serious "Towel" being thrown in.

Soro's is a piker. Socalist scumbag who made all his money busting other countries currency and taking advantage of Arb opps.

Now, after he and Buffet have hit the billion club...they turn into socalist, and yes Buffet is a socalist.
 
Quote from EMRGLOBAL:

Buffet is a socalist.
More...

The love of money. Simple as that. When wealthy become billionares, they think they have something between their ears the rest of us don't have, and they can save the world with it. Common to elite who started poor. Same with Hollyweird.
 
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