[UncoveringTruths]

Hope they find something to cheer up about before tommorow.

[Cynus]

What are you talking about? SRS is up 6.51%

[Twilight]

I mentioned it here.

It's the credit market thing again. It's not going anywhere. People might find some reasons for temporary cheer, but the fundamentals (everyone is screwed) are not going away this year or the next.

[Hawkcreek]

--

[Eli]

SHTF

$this->bbcode_second_pass_quote('', '`')`You have a stampede of the animals away from the watering hole,'' said Scott MacDonald, director of research at Aladdin Capital Management in Stamford, Connecticut, which manages about $20 billion in assets. ``Right now, everything that smacks of financial risk is backing out through the door.''

[Roccland]

$this->bbcode_second_pass_quote('', 'T')humping Thursday AM!

Rumors are that we have a money-center bank in trouble with over 90 BILLION in bridge loans stuck on its balance sheet.

This, along with similar rumors of potential bankruptcies in Europe due to the credit crunch, are what is hitting the futures this morning.

There's no good way to spin this one guys.

It is very likely that once the market opens you will see the Gates of Hell yawn wide, especially if we get any more color on that rumor - like a name.

Be careful today. Rumor-driven major events like this look like juicy opportunities on the short side, but in the past have proven to be huge yawning traps on both ends!

Remember guys and gals - don't be a pig!

[eastbay]

A 2.5% correction in one day is nothing to get all excited about. Tomorrow we shall all enjoy a nice bounce in the markets.

Tales of economic doom in the markets are premature. Don't expect things to get really nasty until after September at least.

[strider3700]

what makes after september so special?

[Cobra_Strike]

A nice low GDP reading tomorrow could set up a nice Black Friday moment.

[PeakingAroundtheCorner]

I live in Texas, for those of you outside my timezone. Anyways, this morning around 11am Central the three oil benchmarks here were each up over a dollar.

Now, as of 2pm, they are all back down. What's up with that?

[firestarter]

$this->bbcode_second_pass_quote('eastbay', 'A') 2.5% correction in one day is nothing to get all excited about. Tomorrow we shall all enjoy a nice bounce in the markets.

Tales of economic doom in the markets are premature. Don't expect things to get really nasty until after September at least.

[Lore]

eastbay Is right, the market has been long overdue for a correction based on the current fundamentals. The same thing happened in Feb and it bounced back to new highs.

Come September when OPEC has it's meeting and decides not to increase production, then you will see the catylist for a market free fall.

[eastbay]

I'm not too sure how far it would have dropped w/out the curbs, but 10% seems 'quite deep'.

There's nothing special about September other than the planned OPEC meeting, but October (after September) is when 3Q reporting happens and that's when 'quite deep' will likely occur. That's just my opinion.

[firestarter]

$this->bbcode_second_pass_quote('eastbay', 'I')'m not too sure how far it would have dropped w/out the curbs, but 10% seems 'quite deep'.

There's nothing special about September other than the planned OPEC meeting, but October (after September) is when 3Q reporting happens and that's when 'quite deep' will likely occur. That's just my opinion.

[PeakingAroundtheCorner]

I live in Texas, for those of you outside my timezone. Anyways, this morning around 11am Central the three oil benchmarks here

http://www.bloomberg.com/markets/commod ... rices.html

Now, as of 2pm, they are all back down. What's up with that?

[Lore]

$this->bbcode_second_pass_quote('eastbay', 'I')'m not too sure how far it would have dropped w/out the curbs, but 10% seems 'quite deep'.

There's nothing special about September other than the planned OPEC meeting, but October (after September) is when 3Q reporting happens and that's when 'quite deep' will likely occur. That's just my opinion.

[Twilight]

$this->bbcode_second_pass_quote('CNN', 'O')il jumped briefly above $77 a barrel but then turned lower along with stocks as traders worried that slower economic growth would dent demand for oil.

[emersonbiggins]

$this->bbcode_second_pass_quote('Lore', 'A')gain, while household income remains good, inflation stays in check, and unemployment rate remains low...

[firestarter]

$this->bbcode_second_pass_quote('emersonbiggins', '')$this->bbcode_second_pass_quote('Lore', 'A')gain, while household income remains good, inflation stays in check, and unemployment rate remains low...

[Starvid]

Bought Chevron. It did continue down a percent or so after my buy, but hey, you can't get everything.

Anyway, peak oil is bigger than some pansy credit crisis.