Peak Oil
Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

Asian Markets Down Big . . .

Discussions about the economic and financial ramifications of PEAK OIL
Post a reply

Re: Asian Markets Open Down Big

Unread postby the48thronin » Mon 06 Oct 2008, 03:38:32

$this->bbcode_second_pass_quote('', 'D')on't love your country - love the principles of free men wherever they are practiced.



oh drat twice in one night....I give up!
Malthusian Riders Member!

Courtesy and Courage Sincerity and Self-control Honor and Loyalty a Code to Live By!
What do the miners do when the canary dies? EVACUATE THE MINE not argue about the color of it's feathers or buy a parrot instead.

Where is my pitchfork and torch? I need them for a visit to the castle!
User avatar
the48thronin
Tar Sands
Tar Sands
 
Posts: 871
Joined: Fri 30 May 2008, 03:00:00
Location: On the highway, or the water somewhere!
Top

Re: Asian Markets Open Down Big

Unread postby Novus » Mon 06 Oct 2008, 03:54:04

Europe isn't doing too hot right now either.
User avatar
Novus
Intermediate Crude
Intermediate Crude
 
Posts: 2450
Joined: Tue 21 Jun 2005, 03:00:00
Top

Re: Asian Markets Open Down Big

Unread postby Gebari » Mon 06 Oct 2008, 04:24:01

FTSE now down nearly 6%. Same for France and Germany. Ireland and Russia down around 10% as well. Brutal.
User avatar
Gebari
Peat
Peat
 
Posts: 80
Joined: Sun 29 Jun 2008, 03:00:00
Location: Great Britan
Top

Re: Asian Markets Open Down Big

Unread postby ReverseEngineer » Mon 06 Oct 2008, 04:54:39

$this->bbcode_second_pass_quote('Gebari', 'F')TSE now down nearly 6%. Same for France and Germany. Ireland and Russia down around 10% as well. Brutal.


The floor of the NYSE is going to be a BLOODBATH tomorrow. Keep your eyes up if you are on Wall Street. Beware of Falling Stockbrokers.

Reverse Engineer
User avatar
ReverseEngineer
Intermediate Crude
Intermediate Crude
 
Posts: 3352
Joined: Wed 16 Jul 2008, 03:00:00
Top

Re: Asian Markets Open Down Big

Unread postby RdSnt » Mon 06 Oct 2008, 07:36:16

Dow below 10,000 today?
Gravity is not a force, it is a boundary layer.
Everything is coincident.
Love: the state of suspended anticipation.
To get any appreciable distance from the Earth in
a sensible amount of time, you must lie.
User avatar
RdSnt
Heavy Crude
Heavy Crude
 
Posts: 1461
Joined: Wed 02 Feb 2005, 04:00:00
Location: Canada
Top

Re: Asian Markets Open Down Big

Unread postby Niagara » Mon 06 Oct 2008, 08:07:07

$this->bbcode_second_pass_quote('RdSnt', 'D')ow below 10,000 today?


Dip below 10,000? Very possible. It's almost there now. DIA is trading pre-market at 101.40/101.70 bid/ask

(DIA tracks the Dow at close to 1/100 ratio)

The question is will it close below 10,000?
User avatar
Niagara
Tar Sands
Tar Sands
 
Posts: 612
Joined: Thu 17 Aug 2006, 03:00:00
Location: Mt. Hubbert Scenic Lookout
Top

Re: Asian Markets Open Down Big

Unread postby Heineken » Mon 06 Oct 2008, 08:16:50

$this->bbcode_second_pass_quote('Cid_Yama', 'T')he banks are insolvent.


Forget the goddamned banks. The PEOPLE are insolvent. The GOVERNMENT is insolvent.

There is no money.

Most Americans are just a couple of missing paychecks away from the street.
"Actually, humans died out long ago."
---Abused, abandoned hunting dog

"Things have entered a stage where the only change that is possible is for things to get worse."
---I & my bro.
User avatar
Heineken
Expert
Expert
 
Posts: 7051
Joined: Tue 14 Sep 2004, 03:00:00
Location: Rural Virginia
Top

Re: Asian Markets Open Down Big

Unread postby Gebari » Mon 06 Oct 2008, 10:04:46

DOW below 10000! 9989 at the moment.
User avatar
Gebari
Peat
Peat
 
Posts: 80
Joined: Sun 29 Jun 2008, 03:00:00
Location: Great Britan
Top

Re: Asian Markets Open Down Big

Unread postby lowem » Mon 06 Oct 2008, 10:29:55

Arghh! Collapse! Collapse!
Live quotes - oil/gold/silver
User avatar
lowem
Expert
Expert
 
Posts: 1901
Joined: Mon 19 Jul 2004, 03:00:00
Location: Singapore
Top

Re: Asian Markets Open Down Big

Unread postby Gebari » Mon 06 Oct 2008, 10:35:48

DOW dipped into the 9800's, 400+ points. Europe down 6%-8%+, Russia down 16% leading to suspension of trading, Brazil stock exchange also suspended following 10%+ drop. Well, that bailout certainly worked!
User avatar
Gebari
Peat
Peat
 
Posts: 80
Joined: Sun 29 Jun 2008, 03:00:00
Location: Great Britan
Top

Re: Asian Markets Open Down Big

Unread postby RdSnt » Mon 06 Oct 2008, 10:36:24

It will be interesting to see if the PPT interfere to stop what appears to be an acceleration of the drop. With the Dow now at about 9920, and I can see a chance of the S&P going below 1,000 today.
Gravity is not a force, it is a boundary layer.
Everything is coincident.
Love: the state of suspended anticipation.
To get any appreciable distance from the Earth in
a sensible amount of time, you must lie.
User avatar
RdSnt
Heavy Crude
Heavy Crude
 
Posts: 1461
Joined: Wed 02 Feb 2005, 04:00:00
Location: Canada
Top

Re: Asian Markets Open Down Big

Unread postby Armageddon » Mon 06 Oct 2008, 10:41:47

Wasn't the DOW "reconfigured" to improve the numbers ? The real story should be watching the NASDAQ and S&P plunge
User avatar
Armageddon
Light Sweet Crude
Light Sweet Crude
 
Posts: 7450
Joined: Wed 13 Apr 2005, 03:00:00
Location: St.Louis, Mo
Top

Re: Asian Markets Open Down Big

Unread postby IgnoranceIsBliss » Mon 06 Oct 2008, 10:47:47

Down 524 points now (and snowballing) and we are just an hour 15 min into the day.

I just went to the bank and took out some more cash, then hit grocery store and got rice, beans, diapers, and some sugary comfort foods. I was the only shopper in there. Saw a few cars at the bank, but no cause for alarm.

I will be glued to the computer today, that's for sure. Even my parents (head in the sands) took money out and are feeling nervous now. Meanwhile, I have 3 more orders of bulk food, etc that better arrive today. (fingers crossed)

*Edit* Well, here we are about 1/2 hour later & the snowball seems to be breaking apart a bit. Wonder if we'll see that big slide again around end of trading day?
User avatar
IgnoranceIsBliss
Lignite
Lignite
 
Posts: 343
Joined: Wed 23 Apr 2008, 03:00:00
Location: Georgia, USA
Top

Re: Asian Markets Open Down Big

Unread postby Novus » Mon 06 Oct 2008, 14:50:48

Whole world is selling off now. DOW is down historically almost 800 points. What is worse is that nobody thinks this is nearly the bottom.
User avatar
Novus
Intermediate Crude
Intermediate Crude
 
Posts: 2450
Joined: Tue 21 Jun 2005, 03:00:00
Top

Re: Asian Markets Open Down Big

Unread postby smallpoxgirl » Mon 06 Oct 2008, 14:56:16

Ohh crap! This is bad. :shock:
"We were standing on the edges
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
User avatar
smallpoxgirl
Expert
Expert
 
Posts: 7258
Joined: Mon 08 Nov 2004, 04:00:00
Top

Re: Asian Markets Open Down Big

Unread postby eXpat » Mon 06 Oct 2008, 15:01:05

"I think it's going to take some time to get out of this but don't forget that the foundation of the United States economy is very solid. I think the United States can compete with any economy of any industrialized country,
I feel moderately optimistic that at the end of the year we will have signs of an economic recovery.
Hopefully the biggest part of the housing decline will be over by the end of the year."
Henry Paulson, Tue, Jun 24, 2008
"I learned long ago, never to wrestle with a pig. You get dirty, and besides, the pig likes it."
George Bernard Shaw

“You can ignore reality, but you can't ignore the consequences of ignoring reality.” Ayn Rand
User avatar
eXpat
Intermediate Crude
Intermediate Crude
 
Posts: 3801
Joined: Thu 08 Jun 2006, 03:00:00
Top

Re: Asian Markets Open Down Big

Unread postby sicophiliac » Mon 06 Oct 2008, 18:35:31

$this->bbcode_second_pass_quote('eXpat', '[')i]"I think it's going to take some time to get out of this but don't forget that the foundation of the United States economy is very solid. I think the United States can compete with any economy of any industrialized country,
I feel moderately optimistic that at the end of the year we will have signs of an economic recovery.
Hopefully the biggest part of the housing decline will be over by the end of the year."
Henry Paulson, Tue, Jun 24, 2008


Hahaha yeah that is funny, the US economy is/was solidly fueled off of debt plain and simple. People borrowing from credit cards, taking second mortgages out of their houses to buy SUVs and cars manufactured with foreign parts and filled up with foreign petroleum. I think we have began to outstrip the global ability to lend us money and this is partially the result of that.
User avatar
sicophiliac
Coal
Coal
 
Posts: 435
Joined: Tue 28 Jun 2005, 03:00:00
Location: san jose CA
Top

Asian Markets Down Big . . . Deja Vu

Unread postby Cashmere » Tue 07 Oct 2008, 23:28:43

That moron Cramer called for a 20% decline? Pussy. That's only 4 sessions down 5%. If he had any nuts whatsoever he'd have called 50% down.


[web]http://finance.yahoo.com/intlindices?e=asia[/web]
Massive Human Dieoff <b>must</b> occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where <b>you</b> live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
User avatar
Cashmere
Heavy Crude
Heavy Crude
 
Posts: 1882
Joined: Thu 27 Mar 2008, 03:00:00
Top

Re: Asian Markets Down Big . . . Deja Vu

Unread postby emersonbiggins » Tue 07 Oct 2008, 23:59:03

Holy shiat! Jakarta is looking mighty fine down there at negative 9.10% on the day... 8O
"It's called the American Dream because you'd have to be asleep to believe it."

George Carlin
User avatar
emersonbiggins
Expert
Expert
 
Posts: 5150
Joined: Sun 10 Jul 2005, 03:00:00
Location: Dallas
Top

Re: Asian Markets Down Big . . . Deja Vu

Unread postby jbrovont » Wed 08 Oct 2008, 02:13:48

Wow. The NIKKEI got slaughtered again. -979.15
User avatar
jbrovont
Heavy Crude
Heavy Crude
 
Posts: 1003
Joined: Fri 16 Jun 2006, 03:00:00
Top
PreviousNext
Post a reply

Return to Economics & Finance

Who is online

Users browsing this forum: No registered users and 37 guests