The stock market is on a roller coaster to hell....down almost -340 points

[whistle]

Dow Jones Industrial Average
9,615.56 -339.94 / -3.41%

Oct 7 1:50pm ET †
Open: 9,955.42
High (day): 10,124.03
Low (day): 9,615.24
YTD%Change: -27.51%
Volume: 168,608,295.00
Prev. Close: 9,955.50


http://money.cnn.com/data/markets/dow/

[tblue]

1. Help, we've fallen and we can't get up?

[4 t 4]

17. That was too funny!

maybe the dow needs Life-Line, as seen on teevee. Oh never mind that's right they just got a 850 billion dollar one!

[whistle]

19. They want much more than that, they want ALL of the Social Security trust fund

[scarface2004]

2. heck uvajob!!!

way to go gingrich et al!!!!

[kentuck]

3. It doesn't look good...

Not at all.

[whistle]

4. That downward trend line looks like a free fall that could hit -700 to -750 points

...or lower by the end of the trading day.

U.S. Federal Reserve Chairman Ben Bernanke cautioned that downside risks to economic growth "have worsened in the United States" in his statements today, so the markets have to react negatively to that kind of news.

[anigbrowl]

5. Looks like the bears are trying for 9000 today.

Hang onto your hat, if you still have one. My prediction is for it to go all the way down to 7500 before this is over.

I wonder what they're doing in the White House right now - every time Bush gets near a newspaper or TV the words EPIC FAIL probably start flashing in front of his eyes.

[whistle]

6. Dow the chart looks like a heart monitor in the intensive care unit

Dow Jones Industrial Average
9,593.50 -362.00 / -3.64%

Oct 7 2:14pm ET †
Open: 9,955.42
High (day): 10,124.03
Low (day): 9,593.50
YTD%Change: -27.68%
Volume: 184,656,199.00
Prev. Close: 9,955.50

http://money.cnn.com/data/markets/dow/

[whistle]

7. Dow heading south again...

Dow Jones Industrial Average
9,657.22 -298.28 / -3.00%

Oct 7 3:03pm ET †
Open: 9,955.42
High (day): 10,124.03
Low (day): 9,589.76
YTD%Change: -27.20%
Volume: 218,124,988.00
Prev. Close: 9,955.50

http://money.cnn.com/data/markets/dow/

[whistle]

8. Banks are remaining in miser mode

Dow Jones Industrial Average
9,624.17 -331.33 / -3.33%

Oct 7 3:16pm ET †
Open: 9,955.42
High (day): 10,124.03
Low (day): 9,589.76
YTD%Change: -27.45%
Volume: 226,480,838.00
Prev. Close: 9,955.50

[Virginia Dare]

33. I guess they're in save your own ass mode...

every man for himself.

[whistle]

9. To sum up Bush's speech from an hour ago, nada nada lemonada

Dow Jones Industrial Average
9,602.66 -352.84 / -3.54%

Oct 7 3:21pm ET †
Open: 9,955.42
High (day): 10,124.03
Low (day): 9,575.98
YTD%Change: -27.61%
Volume: 231,002,554.00
Prev. Close: 9,955.50

[malaise]

16. Imagine the gall of that war criminal

Gathering a room full of Chamber of Commerce lackeys and he giggles while they cheer. Ah fuck it!

[whistle]

23. The off-key crooner and his cronies

[gratuitous]

10. Don't rollercoasters go up occasionally?

Just askin'.

[whistle]

11. Big up climb in the beginning then a series of dips and ups as it runs

...downward by the force of gravity until it comes to a stop at the bottom. Take a look at the chart:

http://money.cnn.com/data/markets/dow/

[whistle]

13. You can also see the pattern selling that is controlling the fall trying to keep

...the markets from going into a sudden "plunge" which would bring about an outright "panic" sell-off.

We just might witness such patterns in the coming days. I wonder what Dubya would have to say about that? :yoiks:

[whistle]

14. Here it goes again...

Dow Jones Industrial Average
9,613.73 -341.77 / -3.43%

Oct 7 3:36pm ET †
Open: 9,955.42
High (day): 10,124.03
Low (day): 9,551.53
YTD%Change: -27.52%
Volume: 245,003,792.00
Prev. Close: 9,955.50

[gratuitous]

25. Well Duhbya has an MBA

So presumably, if a Harvard education is worth anything at all, he would have some perspicacious insight into the whole thing. I wonder why he's hiding out in the Oval Office when the nation could use his expertise right about now? You'd think all his supporters and cheerleaders in the popular media, who swooned so breathily over his flight suit stunt job back in 2003, would be out there demanding to hear from the Man Himself.

[Virginia Dare]

34. His public demands to have a beer with him!...n/t

[whistle]

43. How about just holding Dubya under in a vat of beer?

[whistle]

42. In Dubya's case an MBA stands for: More Bullshit Allowed

[Selatius]

12. It seems the only way you could make money on the Dow nowadays is to short everything under the sun.

Because going long isn't gonna reap results until years, possibly over a decade later. The only way you'd make money going long is if you bought at the end of the session believing tomorrow will be a bounce back and then sell when the Dow starts falling again. Of course, from an average person's perspective, buying shares in a company and then selling it a day later doesn't seem "long" term, but that's how they describe it.

[whistle]

18. McCain will be asking Americans to turn over Social Security to Wall Street

...including all the IOUs that Congress has authorized. Would you entrust the SS safety net to these clowns?

[Selatius]

40. Hell no. They likely wanted SS money to cover over their mistakes. nt

[whistle]

45. Now they just want the SS Trust Fund to loot it

[whistle]

44. That's the long and the short of it!

[whistle]

15. The Dow is having dry heaves

Dow Jones Industrial Average
9,587.53 -367.97 / -3.70%

Oct 7 3:38pm ET †
Open: 9,955.42
High (day): 10,124.03
Low (day): 9,551.53
YTD%Change: -27.72%
Volume: 247,133,132.00
Prev. Close: 9,955.50

[Lance_Boyle]

20. I don't think they're dry yet. n/t

[4 t 4]

21. About 1600 point loss since Friday

would you buy here?

[whistle]

41. Not without a return to regulation like Glass Steagall

http://en.wikipedia.org/wiki/Glass-Steagall_Act

[Marsala]

22. It's not even crashing, it's just steadily decaying

It's slowly slinking downwards in a depressing way. Yesterday there was a huge rally once it seemed to have hit bottom, but today that energy is missing.

There will probably be a good day or two in the coming week, but it sure looks bad right now.

[whistle]

24. Yep, controlled demolition...

Dow Jones Industrial Average
9,525.16 -430.34 / -4.32%

Oct 7 3:45pm ET †
Open: 9,955.42
High (day): 10,124.03
Low (day): 9,524.68
YTD%Change: -28.19%
Volume: 255,814,997.00
Prev. Close: 9,955.50

http://money.cnn.com/data/markets/dow/

[4 t 4]

27. One thing that might

be affecting the market is I doubt there are any institutional traders in the market. Like banks , large oversea traders etc...

[whistle]

26. This reminds me of Slim Pickens riding the Bomb down to ground zero in

...Dr. Strangelove.....


Dow Jones Industrial Average
9,523.01 -432.49 / -4.34%

Oct 7 3:47pm ET †
Open: 9,955.42
High (day): 10,124.03
Low (day): 9,510.27
YTD%Change: -28.21%
Volume: 259,122,309.00
Prev. Close: 9,955.50

[whistle]

28. Going, going, going......

Dow Jones Industrial Average
9,499.04 -456.46 / -4.59%

Oct 7 3:48pm ET †
Open: 9,955.42
High (day): 10,124.03
Low (day): 9,495.53
YTD%Change: -28.39%
Volume: 260,300,035.00
Prev. Close: 9,955.50

[whistle]

30. Yeeehaaaa

Dow Jones Industrial Average
9,499.20 -456.30 / -4.58%

Oct 7 3:51pm ET †
Open: 9,955.42
High (day): 10,124.03
Low (day): 9,475.70
YTD%Change: -28.39%
Volume: 265,455,659.00
Prev. Close: 9,955.50

[whistle]

31. Yahaaa whooooo

Dow Jones Industrial Average
9,484.30 -471.20 / -4.73%

Oct 7 3:55pm ET †
Open: 9,955.42
High (day): 10,124.03
Low (day): 9,475.70
YTD%Change: -28.50%
Volume: 274,601,612.00
Prev. Close: 9,955.50

[whistle]

32. Tick tick tick tick tic tic tic

w Jones Industrial Average
9,467.74 -487.76 / -4.90%

Oct 7 3:58pm ET †
Open: 9,955.42
High (day): 10,124.03
Low (day): 9,467.10
YTD%Change: -28.63%
Volume: 284,464,905.00
Prev. Close: 9,955.50

[whistle]

35. Khaaboooooom

:nuke:

Dow Jones Industrial Average
9,457.54 -497.96 / -5.00%

Oct 7 4:00pm ET †
Open: 9,955.42
High (day): 10,124.03
Low (day): 9,436.67
YTD%Change: -28.70%
Volume: 294,280,937.00
Prev. Close: 9,955.50

[Bo]

29. The realization that the housing mkt will never come back.....

to the INSANE highs of 2006 is now a sure reality.

[whistle]

36. Results still coming in after the bell pushing the Dow down further

Dow Jones Industrial Average
9,449.66 -505.84 / -5.08%

Oct 7 4:02pm ET †
Open: 9,955.42
High (day): 10,124.03
Low (day): 9,436.67
YTD%Change: -28.76%
Volume: 346,253,397.00
Prev. Close: 9,955.50

http://money.cnn.com/data/markets/dow/

Look at the chart for the day...like a dive bomber

[whistle]

37. 3 mins after the bell, this was in near panic mode...

Dow Jones Industrial Average
9,454.75 -500.75 / -5.03%

Oct 7 4:03pm ET †
Open: 9,955.42
High (day): 10,124.03
Low (day): 9,436.67
YTD%Change: -28.72%
Volume: 353,666,277.00
Prev. Close: 9,955.50

[whistle]

38. Ticker is way behind, trading closed 5 mins ago

Dow Jones Industrial Average
9,447.11 -508.39 / -5.11%

Oct 7 4:05pm ET †
Open: 9,955.42
High (day): 10,124.03
Low (day): 9,436.67
YTD%Change: -28.78%
Volume: 360,896,427.00
Prev. Close: 9,955.50

[whistle]

39. Final results on the Dow with blood on the floor

Dow Jones Industrial Average
9,447.11 -508.39 / -5.11%

Oct 7 4:05pm ET †
Open: 9,955.42
High (day): 10,124.03
Low (day): 9,436.67
YTD%Change: -28.78%
Volume: 360,896,427.00
Prev. Close: 9,955.50

[hunter]

46. Like a drunk falling down a long flight of stairs.

Ouch, bounce, flail, bounce, ouch, bounce, thump, ouch...