[Ferretlover]

Link for the following stories: http://bloomberg.com/

Latest news items:
-Stocks Tumble Worldwide, Treasuries Rally as Investors Turn Away From Risk
-Goldman, Lehman, Bear Stearns Bond Risk Surges, Swaps Show; Shares Decline
-Treasury Prices Advance With Yield Curve the Steepest Since October 2005
-U.S. New-Home Sales Slide; Durable Goods Orders Drop, Signaling Slowdown
-Volatility Index Rises to Highest in 13 Months as Stocks Plunge Worldwide
-Ford Motor Posts Surprise $750 Million Profit After Seven Quarterly Losses
-WestLB Ousts Chief Thomas Fischer Amid Investigation Into Trading Losses
-Edwards Urges Raising Top Capital Gains Rate in U.S. to Narrow Income Gap

[jboogy]

Lots and lots of different threads coming togather to form what should be a nasty bit of rope,I've never been one to prematurely cry wolf but I think this is seriousely the beginning of end times,never have so many negative things from wildly divurgent sources come together at one time on this planet.plus my magic bunion started weeping purple puss,that always means something bad is gonna' happen

[Ferretlover]

Jboogy, maybe we should have a purple bunion forum!! Sounds like you need to keep us all up to date on its condition!

[Free]

Is this really it?

I love the sound of bursting bubbles in the morning...

[Twilight]

Well you know what they say, tomorrow is a new buying opportunity...

[BigTex]

$this->bbcode_second_pass_quote('Twilight', 'W')ell you know what they say, tomorrow is a new buying opportunity...

[lateStarter]

Ferret,

In the immortal words of the long since defunct BTO (perhaps before your time, if so, I apologize) - 'You ain't seen nothing yet'...

Seriously, get a grip! When the bodies start stacking up in the street, get back to me. I smell fear! Fear is the mind killer...

Stay tuned, more to come!

[Ferretlover]

I am not yet afraid, but I am concerned...

Ah, the good old days... [Bachman Turner Overdirve]
I was more of a ZZTop (being a native Texan), Cream, Iron Butterfly, Jefferson Airplane and Led Zepplin kinda girl..

And, yes, I have read 'Dune,' too...

Jeezzz, how many people are on today??? Everything has gone from a crawl to near standstill.......

[zannebee]

$this->bbcode_second_pass_quote('lateStarter', 'I') smell fear! Fear is the mind killer...

[Zardoz]

$this->bbcode_second_pass_quote('zannebee', '.')..Where the fear is gone there will be nothing. Only I will remain.

[Chuckmak]

They're looking SOMEWHAT better...

* U.S. Economic Growth Beats Forecasts; Price Gauge Shows Slower Inflation

* Cadbury Delays Sale of U.S. Drinks Unit, Citing Volatility in Debt Markets

* Chevron Profit Rises on Wider Refining Margins, Gain on Dynegy Stake Sale

* Blackstone Shares Fall 17 Percent Below IPO Price as Credit Markets Freeze

* Medtronic Agrees to Buy Kyphon, Maker of Spinal Products, for $3.9 Billion

* GlaxoSmithKline, Takeda Diabetes Drugs Raise Heart-Failure Risk in Study

* Volkswagen Earnings Climb on Job Cuts, New Models; Annual Forecast Raised

* Islamabad Bomb Kills Eight, Including Policemen, at Hotel Near Red Mosque

* Pentagon May Find Bombs, Heat, Vietnam Lessons Prolong Pullout From Iraq

[jasonraymondson]

The dow started downwards today, but it is sadly rebounding.

I so wanted to see two straight days of big losses

[TommyJefferson]

Down 53 at 11:00 eastern

[jasonraymondson]

$this->bbcode_second_pass_quote('TommyJefferson', 'D')own 53 at 11:00 eastern

[Ferretlover]

AT 11:04 am Central, Dow is now down 125.51 !!!

At 11:05, it's down 131.03 !!!

[jboogy]

down 134,yikes! maybe lots of people trying to get out and PPT buying like hell to stop major "correction" again?
Ferretgirl-led zeppelin is the greatest band in the history of the WORLD!!!!

[Eli]

I for one am happy that it has not totally tanked today.

But make no mistake the problems people are coming to terms with are systemic, and they are global, and they are not going away.
This has not just been a US credit bubble it has been global, and if you think the US housing market is set to fall you need to go look at Spain, Britain, and India.

There has always been a chicken and egg relationship between PO and world economics, we just might see the world economy falter stagger and sputter along but the wizard behind the curtain just might be able to keep the game going.

There is one thing that can't be avoided, PO. We might just see the world run into PO in a very naked and obvious way. I think the thing that would cause the most disturbance to the world economy would be for everyone to realize at the same time "hey KSA and OPEC have peaked" no war with Iran, no major supply disruption just economics hitting a brick wall of geology.

The fear that would generate would be palpable.

I would appreciate it if the problems of PO were not masked by economics.

[jboogy]

I also believed for many years that fed and gubmint would be able to manipulate things to keep the pyramid going almost indefinately, when bush took office it became clear that the hourglass had been flipped and we were headed for an economic crash,too much borrowing too fast,too much loose credit thrown at anything with a pulse,too much wink,wink,nod,nod legislation between regulators,SEC and corporations,too aggressive a foreign policy leading to other nations maybe not feeling so bad about not funding our deficits ad infinitum.The die was cast with bush,P.O. will just be the concrete sarcophagus encasing the U.S.A. coffin.

[jasonraymondson]

157.53 down keep it going

[Roy]

Oh where for art thou, Plunge Protection Team?

Could it be that the reality of the situation is finally sinking in with some investors?

Probably not. This is just a 'correction' I suppose.

Let me check Fox News/CNN/MSNBC/CNBC for the latest talking points and I'm sure I feel better.

HAHAHA