Dow Jones Futures: falling fast

[NightWatcher]

after the global interest rate cut and the Fed's announcement, the Dow Jones Futures were up more than 140 points. Now 29 minutes before the market opens -130.00

http://money.cnn.com/data/premarket/

[ITsec]

1. What's even better... the story on the right side of the page...

"Wall Street cheers rate cut".

:bounce:

(edited for spelling... it's early)

[Jackpine Radical]

2. I don't think this is anything to be exuberant (irrationally or otherwise) about.

A market crash is gonna hurt a lot of working people and retirees.

[ITsec]

3. Not being exuberant....

Just noting the ironic contradiction on the page at that moment.

I know people are hurting. Wasn't my intent to insult.

[Jackpine Radical]

7. I thought perhaps not, but your post was pretty ambiguoous.

I am no doubt oversensitive, but I wouldn't want newbie eyeballs to draw the conclusion that anybody here is taking pleasure in observing this trainwreck. We're all on the train.

[glowing]

4. My mom is freaking out..... I've got years ahead of me, and according to McCain,

I'll never see retirement or have medicare/ medicaid... like I've been paying for.

[ProdigalJunkMail]

5. The FTSE had a momentary bump

and then started down again...

lovely...

sP

[AngryOldDem]

6. If this doesn't work...and it's looking like it might not...

...what's next?

In other words, can anyone stop this downbound train at this point?

I've accepted the fact that my 401k is gone. I still have about 20 years of working life left (probably more than that, since I doubt I'll be able to "retire" in the ordinary connotation of the word) but I do freelance work now, which supplements my small income nicely. I could now lose that because I'm sure that will be the first to go if the company I work for is having credit problems.

Now for a little pity party, if you'll allow: Damn...I am so SICK of feeling totally helpless when it comes to my life. I work hard, I play by the rules, I do what I'm told, and I still get fucked through no fault of my own. My only consolation is that I know I'm not alone here. But it's precious little consolation at that.