Uh on... Futures selling off quickly. Black Wednesday

Quote from sumosam:

I agree that a recession is part of a healthy cycle. Whether rates were cut or not cut we are in a recession. Seems like all the Central Banks wanted a cut last week. I think they are concerned about an outright panic taking hold.:eek:
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yes the economy is in a recession. Those who think the economy isnt in a recession is foolish.
 
All I could think off is how many people jumped ship and shorted in the wee hours of tuesday morning. I was in laughter tears how some of my couleges thought of the rebound as a pullback and kept on loading shorts.
 
Quote from S2007S:

I wouldn't be surprised to see the dow drop below 11500 very soon. The federal reserve should have held off on cutting rates, they should understand that cutting rates was the wrong way to go, they have to understand that its OKAY to have a slowing economy, that its OKAY to have a recession once in a while. Recessions make for a healthy economy, trying to stop an economy from going into a recession will only make for a worse recession.
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Its OK to have a bear market so you sell the hell out of stocks and bankrupt pension funds and rob aging retirees?
 
Quote from S2007S:

yes the economy is in a recession. Those who think the economy isnt in a recession is foolish.
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Provide some empirical data that points to the economy being in a recession, not just your " feelings" and subjective thought processes.

(Looks like I have landed among a boatload of depressed pill popping lunatics in a mental ward).
 
Quote from The Kin2:

Fed action delayed fate by one day.
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Black Monday, Black Tuesday and now a Black Wednesday!

OK kids, what comes next?

Let's go over to 'Bert' and 'Ernie'!


"...Gee Bert! All these Black Days! Your Sesame Street pension has been reduced by half..."


"...Hey Ernie, is this yours?....(Bert flips Ernie the 'Big Bird')

:eek:
 
Quote from Dackster:

Black Monday, Black Tuesday and now a Black Wednesday!

OK kids, what comes next?

Let's go over to 'Bert' and 'Ernie'!


"...Gee Bert! All these Black Days! Your Sesame Street pension has been reduced by half..."


"...Hey Ernie, is this yours?....(Bert flips Ernie the 'Big Bird')

:eek:
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Lol, later on Cookie monster is found sleeping with Berts wife. Bert takes out his gun and blows them all away and shoots himself in the head.
 
Quote from pumpanddumper:

Lol, later on Cookie monster is found sleeping with Berts wife. Bert takes out his gun and blows them all away and shoots himself in the head.
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LOL! :)
 
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