Futures Gone Negative Already!!!

Quote from ElCubano:

imagine what the real numbers must be.....whats worse than TOXIC??
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Judging by the Fed Asset sheet, preparations are being made for Armageddon.

I can only assume its derivative fallout.

All the options they wrote are now coming due and nobody knows whats gonna happen.

Multi-trillion dollar blow up.

Thats my best guess.
 
Nice turnout from "american dream state" into the 7th circle of hell!


I still bet, that S&P will touch 500 - 550 till the end of 2008. At least i dint see at least one point to go long neither on NYSE< neither on my RTSi russian market tho.
 
Weakness in the futures after the coordinated cut made me nervous. Got out of the two positions I had (just now...better really fucking late than...later), saving what little cash I have left. I hope that's the right move, or at least the smart move.
 
Quote from CaptainObvious:

In keeping with my mechanical theme, since that's what I know, wild swings are a precursor to a total meltdown. Prior to catastrophic failure in a motor you will see wild fluctuations. Power will surge, then fall off, surge, fall off. Keep trying to run it...it and the system it runs will blow apart completely.
DOW will fall to 9000 today, hold and surge for awhile, fall catastrophically to below 8000 sooner than later.
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I agree, there is too much volitility for this to be a bottom. Around 7500 Dow is coming soon. Reality hasn't hit everyone yet, clowns on "the street" are saying hold for the long term. Yeah right clown!
 
Quote from JonathanMtl:

A 500 points drop in an hour pre-market, wow

I have to watch CNBC
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At this point DOW will be at 0 in 18 hours!!!!

HOLY SHITE!!!!!

RIP USA

1776-2008
 
The day I saw my old high school drinking buddies who were in the mortgage business driving new AMG 55's I knew we were in trouble.

I didn't know it would be the end of civilization!!
 
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