[frankthetank]

Some more expected job cuts.. These jobs won't be cut for some time, but still...

$this->bbcode_second_pass_quote('', 'L')ONDON (MarketWatch) -- Daimler's North American truck division will shed 3,500 jobs, close two plants and scrap its Sterling Trucks brand in response to depressed demand across the industry, the German automaker said Tuesday.

[frankthetank]

Ok... one more...

$this->bbcode_second_pass_quote('', 'R')oubini says U.S. banks may need up to $500 bln

[emersonbiggins]

$this->bbcode_second_pass_quote('', '
')WASHINGTON (AP) -- President Bush on Tuesday announced a $250 billion plan by the government to directly buy shares in the nation's leading banks, saying the drastic steps were "not intended to take over the free market but to preserve it."
...

[frankthetank]

Poster over on Marketwatch said this in response to Obama's possible new Paulson replacement:

$this->bbcode_second_pass_quote('', 'I')t doesn't matter if Obama choses Merlin the Magician as a financial advisor. Everyone seems to forget that the main issue were facing is WERE BROKE. Unless someone knows how to change us from an economy which is based on 70% consumption into an economy based on 70% manufacturing, and be able to do it overnight, things won't get better. WE DON'T PRODUCE ANYTHING EXCEPT DEBT. Think in terms of an analogy where America is a store which sells and trades with customers overseas. Our store (America) has been exporting financial products overseas in the form of AAA mortgage backed instruments. The problem is that our customers (Other Nations) don't like the product we sent, and they are feeling a little ripped off. China and other customers are now demanding a refund, but we don't have anything left in the store to give them in return since the only two products the American Store produces is Cooked Data and Bad Debt.

[nobodypanic]

$this->bbcode_second_pass_quote('Hogan', 'T')hat's the whole problem. 70% of the US economy is consumer spending. The US produces practically nothing now, except debt. This is not sustainable, no matter how much taxpayer money they throw down the black hole.

[ubercrap]

$this->bbcode_second_pass_quote('Hogan', 'T')hat's the whole problem. 70% of the US economy is consumer spending. The US produces practically nothing now, except debt. This is not sustainable, no matter how much taxpayer money they throw down the black hole.

[smallpoxgirl]

Fasten your seatbelts. Here we go. DJIA down 110.

[frankthetank]

Down almost 200...

[nobodypanic]

don't worry. the ppt will step in and infalte the DOW back up at some point (probably near the closing bell).

[Spanktron9]

I'm just waiting for Paulson and Bernanke to come on TV and tell us before the opening bell what the market will gain on that day. It would be more honest.

[smallpoxgirl]

$this->bbcode_second_pass_quote('Spanktron9', 'I')'m just waiting for Paulson and Bernanke to come on TV and tell us before the opening bell what the market will gain on that day. It would be more honest.

[seahorse2]

I see a pattern. Everyday that Bush speaks, the market goes down.

[smallpoxgirl]

$this->bbcode_second_pass_quote('seahorse2', 'I') see a pattern. Everyday that Bush speaks, the market goes down.

[frankthetank]

Down about 100...

These huge moves can't be good...

Crude took a nosedive today.

[Zardoz]

$this->bbcode_second_pass_quote('frankthetank', 'D')own about 100...

These huge moves can't be good...

[smallpoxgirl]

$this->bbcode_second_pass_quote('Zardoz', 'W')ell, 100 used to be "huge". Anymore, though, it's barely significant. A 100-point swing seems to be no biggie lately.

Now, it takes a 500-point dive or jump to get our attention.