Why futures down a lot , any news?

Well, you sure as shit nailed this. The American consumer is leveraged to the hilt. The entire American economy is built on debt. Savings? What's that? No one saves, the government just prints more and the American consumer borrows and when they can't pay off their debt they borrow more. It's a big house of cards that's about to come crashing down. The Fed is doing their best to stop it, and they may for now, but eventually if the debt isn't worked out of the system and brought down to reasonable levels the American economy will collapse and take the rest of the world with it.

Quote from EMRGLOBAL:

Como"n deepfried.

The fucking SHEEOPLE are the ones that got us in this fucking mess. The American JACKASS who spends 100x what he/she makes.

The fucking word ESTATES on a sign where 100K homes are placed.

Bmw, Mercedes, Audi, Hummers all on finance for 7 years.

Flat Screes @ no interest for 2 years and no paymts for a year.

Credit card debt x3,

Get Real. The AMERICAN PEOPLE are First to blame for getting their "Fiscal House" out of order.

The fancy second and third market trading of CDO's came because Sally Home Maker and BOB the fucking Idiot had to "ROLL" Like Hollywood and take out Risky Loans with ARMS. SHIT THEY CAN"T AFFORD


I don't like the Gov. much but we have had TAX CUTS upon TAX CUTS, LENDING FOR IDIOTS. THE WHOLE FUCKING WORLD WAS GIVEN TO THE MIDDLE CLASS AND LOWER CLASS.

I had to pay ATMI TAX on top of all kinds of other "Tax's" I got no breaks, They Fucked me in my ass with out a reach around.


The IDIOT SHEEOPLE abused the gift that was given to them. THEY WILL FALL NOW.

I can put a loaded gun on the desk. You can either shoot it at a person or you can be responsable and take it to a "Shooting Range".

Can't blame me if you choose to shoot someone.
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Quote from EMRGLOBAL:

Yes, that was "French Bank" capitualtion, you are correct.

HOWEVER I DONT FUCKING TRADE THE DAX, OR EU MARKETS!:mad:

The idiots on ET, the sheeople, the brokers and fucking idiot Principles need to Capitulate...the US MARKETS NEED TO CAPITULATE!:mad:
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Got trade a real market, not one that goes limit down, that is for girly men!
 
Quote from EMRGLOBAL:

Como"n deepfried.

The fucking SHEEOPLE are the ones that got us in this fucking mess. The American JACKASS who spends 100x what he/she makes.
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I'm not letting them off the hook but they ARE largely just dancing to the tune that our "betters" have called. We're a consumer society that produces nothing but paper shuffling and the people who get paid $100 million or more per year to shuffle the paper have completely fucked it up by creating a level of fraud and corruption that would shock Al Capone.
 
Quote from DeepFried:

I'm not letting them off the hook but they ARE largely just dancing to the tune that our "betters" have called. We're a consumer society that produces nothing but paper shuffling and the people who get paid $100 million or more per year to shuffle the paper have completely fucked it up by creating a level of fraud and corruption that would shock Al Capone.
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+ it is tough to value a company when the numbers have been manipulated to the point you don't know what is correct.
 
an interesting twist to these latest downgrades is that the credibility of just about all ratings agencies has been crumbling over the past 6 months...thus the market's reaction may be more complex than just a knee jerk selloff
 
Quote from NQscalper:

atleast 10% down day across the board would be really sweet.
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Limit down before that sort of malarky, but hey, Hang Seng starting to look ugly, :o
 
The market is looking for "excuses" to retest the lastest lows. From there I see stabilization or an up move (but I will wait and I see until this is confirmed before putting money in for the long side). Typical bear market behaviour...
 
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