Dow Jones Futures at minus 110

[flamingdem]

-110 is BEFORE traders tune into the fact that nothing was settled this weekend.

Expect a bloodbath Monday, followed by a bigger one on Tuesday as bonds are not traded Monday due to the holiday.

http://www.bloomberg.com/markets/stocks/futures/

[gopiscrap]

1. Sounds like it will brutal...thanks teabag fuckers

[flamingdem]

3. All this for nothing, although some speculate that Ted Cruz

will be playing the drop and the bounce via his wife who is a Goldman Sachs somebody.

[gopiscrap]

5. wouldn't be surprised

and he also has delusions of the Presidency in his fucked up dreamland

[flamingdem]

8. Maybe he'll take the money and run

with the teaparty after him with pitchforks once they get their comeuppance, whatever form it takes.

[gopiscrap]

9. wouldn't that be poetic justice

[elleng]

2. Right, and utterly miserable week coming.

[flamingdem]

4. It's a buying opportuntity

for some. Let's hope it's that at least because it's going to destroy a lot of wealth around the world for nothing!

[elleng]

7. Yes, could be a time to buy,

for those with liquid assets.

[msongs]

6. thank the dirt sucking speculators that ran the US into the ground a few years back nt

[lostincalifornia]

14. This will have nothing to do with the speculators, but the repukes who have artificially created

This crisis

[regnaD kciN]

10. Not a big drop, all things considered…

…especially considering the gains of late last week.

I'd expect things to drop farther and faster as the week goes on and the default deadline grows closer.

[flamingdem]

11. This is about what I'd expect, traders are still looking for an agreement

before the debt ceiling date on Wednesday.

If things look totally stuck then it could dive 500 in a day easily.

[lostincalifornia]

12. It depends. Actually a 100 point down is nothing, especially with all the uncertainty. If no deal

Or prospects of a resolution are not reached by tomorrow, I suspect you are right , real panic will creep in, however, there are still rumbles that talks in the senate are still going on

We shall see

If the ceiling is not lifted, we have a very real possibility of going into a depression

The pathetic thing is that this would be a self-imposed one, created by the repukes

I hope people understand this

[blkmusclmachine]

16. "I hope people understand this."

Faux will be there to make sure people DON'T.

[lostincalifornia]

17. I am sure of that. This time however, the Democrats have to come out in full force because the

stakes are as high as they have ever been, and I am not talking about the debt ceiling, but the insurrection of the government by he tea party

[grantcart]

13. Nikkei was closed today.

Will get our first real test when FTSE opens 1:00 am PDT

[blkmusclmachine]

15. Goodbye, Middle Class. Wiped out by the GOPee.

[muriel_volestrangler]

18. Why is that 'BEFORE' traders think about the weekend?

That would imply that traders haven't even bothered to keep up with the weekend news. Do you really think they are that careless? if so, why do you pay any attention whatsoever to the prices they set?

FWIW, by now, the DJIA future is now at 15,084.00 (-91). So about 0.6% down, which is volatile, but not a disaster. European markets are pretty level, compared to the Friday close http://www.bbc.co.uk/news/business/ (London up 0.15%, Frankfurt down 0.08%, Paris down 0.03%).