[idiom]

So I can get all my mates over for a crash party in front of CNBC tonight?

Woo everyone, Arms in the Air, here we goooo

[Eli]

Good chance another stick save right after the ultimate 700 billion dollar stick save on Friday will only add to the panic.

[DantesPeak]

$this->bbcode_second_pass_quote('Roccland', '')$this->bbcode_second_pass_quote('', 'H')ave you wondered why the Treasury asked for a $700 Bn emergency package with the full force of the Fed behind them, and gave the Congress less than a week to deliver it? Either these fellows have lost their nerve or the markets are riding to a fall, and it could be terrific.
We've been looking for some event, something that would have created such an extraordinary set of actions as we have seen in the past few days. This just might be it. Special thanks to Yves Smith for flagging it.
Time to start settling those Credit Default Swaps for Fannie and Freddie (Oct. 6), Lehman Brothers (Oct. 10) and Lehman Brothers (Oct 23).
LIBOR is eight standard deviations from the norm, because the banks don't know who is holding what in their cards, but there might be some Aces and Eights in there. The TED spread is at an all time record high. An insurance company is said to be heavily exposed. Do you need to buy a vowel? Let's hope we get lucky.
Brace for impact.

[Roccland]

everything down...almost

gold up $25

The panic has set in.

[Heineken]

I disagree about the gold part, Rocc. A $25 gain is still a relatively small percent gain.

Overall, gold has underreacted, fantastically, to the unfolding epic events. That could change, but so far I'm stunned by its refusal to move.

I'm beginning to think we really could have deflation (as part of a new depression). It goes against my instincts, but I can't ignore the evidence of my senses.

[Niagara]

$this->bbcode_second_pass_quote('Heineken', 'I') disagree about the gold part, Rocc. A $25 gain is still a relatively small percent gain.
Overall, gold has underreacted, fantastically, to the unfolding epic events. That could change, but so far I'm stunned by its refusal to move. I'm beginning to think we really could have deflation (as part of a new depression). It goes against my instincts, but I can't ignore the evidence of my senses.

[Roccland]

$this->bbcode_second_pass_quote('Heineken', 'I') disagree about the gold part, Rocc. A $25 gain is still a relatively small percent gain. Overall, gold has underreacted, fantastically, to the unfolding epic events. That could change, but so far I'm stunned by its refusal to move. I'm beginning to think we really could have deflation (as part of a new depression). It goes against my instincts, but I can't ignore the evidence of my senses.

[Heineken]

$this->bbcode_second_pass_quote('Niagara', '')$this->bbcode_second_pass_quote('Heineken', 'I') disagree about the gold part, Rocc.

A $25 gain is still a relatively small percent gain.

Overall, gold has underreacted, fantastically, to the unfolding epic events. That could change, but so far I'm stunned by its refusal to move.

I'm beginning to think we really could have deflation (as part of a new depression). It goes against my instincts, but I can't ignore the evidence of my senses.

[ColossalContrarian]

$this->bbcode_second_pass_quote('Niagara', '')$this->bbcode_second_pass_quote('Heineken', 'I') disagree about the gold part, Rocc.

A $25 gain is still a relatively small percent gain.

Overall, gold has underreacted, fantastically, to the unfolding epic events. That could change, but so far I'm stunned by its refusal to move.

I'm beginning to think we really could have deflation (as part of a new depression). It goes against my instincts, but I can't ignore the evidence of my senses.

[Roccland]

$this->bbcode_second_pass_quote('ColossalContrarian', '')$this->bbcode_second_pass_quote('Niagara', '')$this->bbcode_second_pass_quote('Heineken', 'I') disagree about the gold part, Rocc.

A $25 gain is still a relatively small percent gain.

Overall, gold has underreacted, fantastically, to the unfolding epic events. That could change, but so far I'm stunned by its refusal to move.

I'm beginning to think we really could have deflation (as part of a new depression). It goes against my instincts, but I can't ignore the evidence of my senses.

[Roccland]

Down 168

Rate cut...?

Halted?

My guess -

HALTED !!!!

[Roccland]

Down 275...

Hmmmm....

[dunewalker]

My guess is that today's marching orders for the Plunge Protection Team are to: "Hold the dow above 10,000 at all costs!"
It dropped almost 300 points in the first 3 minutes, only to mysteriously rise from the ashes and bounce around the 9,900-10,100 area. We shall see...

[ohcomeon]

$this->bbcode_second_pass_quote('dunewalker', 'M')y guess is that today's marching orders for the Plunge Protection Team are to: "Hold the dow above 10,000 at all costs!"
It dropped almost 300 points in the first 3 minutes, only to mysteriously rise from the ashes and bounce around the 10,000-10,000 area. We shall see...

[Roccland]

$this->bbcode_second_pass_quote('dunewalker', 'M')y guess is that today's marching orders for the Plunge Protection Team are to: "Hold the dow above 10,000 at all costs!"
It dropped almost 300 points in the first 3 minutes, only to mysteriously rise from the ashes and bounce around the 10,000-10,000 area. We shall see...

[dunewalker]

Yes, of course, it's the closing bell the PPT is defending: 10,001 or bust!

[Narz]

If "it's bunker time" why the fark do you care about the price of gold? You evolved some enzyme that lets you digest the stuff?

[Roccland]

$this->bbcode_second_pass_quote('Narz', 'I')f "it's bunker time" why the fark do you care about the price of gold? You evolved some enzyme that lets you digest the stuff?

[yesplease]

$this->bbcode_second_pass_quote('Roccland', '')$this->bbcode_second_pass_quote('Narz', 'I')f "it's bunker time" why the fark do you care about the price of gold? You evolved some enzyme that lets you digest the stuff?

[Spanktron9]

$this->bbcode_second_pass_quote('Roccland', '')$this->bbcode_second_pass_quote('Narz', 'I')f "it's bunker time" why the fark do you care about the price of gold? You evolved some enzyme that lets you digest the stuff?