[IrrationalExuberanceMonky]

$this->bbcode_second_pass_quote('Troyboy1208', 'I')ts a great market for bargain hunters. I have a feeling it will go up today

[IrrationalExuberanceMonky]

Looks like the market might be sideways for the moment, we'll see...
Got to do those counts....

[Eli]

Here is the biggest news of the day and it aint good, word up.

Panic in the money markets!

Don't kid yourself this is out and out panic.

$this->bbcode_second_pass_quote('', 'H')ere's what's happening:

Some of the world's largest and most "professional" investors, so cozy in their complacency just days ago, are dumping short-term loans (commercial paper) like hot potatoes, especially those backed by mortgages.

And with virtually no one willing to buy them, the rates that borrowers have to pay on these loans have gone through the roof.

Meanwhile, investors are so utterly desperate for a safe haven, and so anxious to throw more money into short-term Treasury bills, they've caused one of the greatest plunges in T-bill rates of all time …

* The 1-month T-bill rate has plunged from 4.52% last Tuesday to as low as 1.25% today. That's not a typo! It was actually down by more than THREE full percentage points in just four trading days!

* Today alone, the 3-month T-bill rate was down by over one full percentage point before recovering a bit.

* The all-critical spread, or difference, between the 1-month T- bill and 30-day commercial paper rates is now as much as THREE times bigger than it was just a few days ago — another confirmation of panic in these markets.

Things are happening so fast, even the nation's leading news organizations are having trouble keeping track.

[Troyboy1208]

$this->bbcode_second_pass_quote('IrrationalExuberanceMonky', '')$this->bbcode_second_pass_quote('Troyboy1208', 'I')ts a great market for bargain hunters. I have a feeling it will go up today

[IrrationalExuberanceMonky]

Anyone with a brain saw this. Seriously... G-d BLESS JEBUSMONEYANDSTUFF! LOL!

[IrrationalExuberanceMonky]

$this->bbcode_second_pass_quote('Troyboy1208', '')$this->bbcode_second_pass_quote('IrrationalExuberanceMonky', '')$this->bbcode_second_pass_quote('Troyboy1208', 'I')ts a great market for bargain hunters. I have a feeling it will go up today

[Troyboy1208]

Thanks

[IrrationalExuberanceMonky]

$this->bbcode_second_pass_quote('Troyboy1208', 'T')hanks

[deMolay]

http://www.bloomberg.com/apps/news?pid= ... refer=home

[Roccland]

Yep

and we are about to break every record ever recorded.

[frankthetank]

The year ain't done yet...

Rocc-
You still have your life savings invested in some risky growth fund!!!?

[jbrovont]

Yeah I was going to say: for good or ill, this isn't over.

[roccman]

$this->bbcode_second_pass_quote('frankthetank', 'T')he year ain't done yet...

Rocc-
You still have your life savings invested in some risky growth fund!!!?

[DantesPeak]

Excluding the financial sector, I see the market higher at year end then now. I know that sounds crazy, and we may even have one or two more major financial bankruptcies before then, but history shows that monetary inflation on the present scale will result in asset inflation.

[jbrovont]

I noticed a big theme in the debates was "lower taxes, spend more, pay down the deficit" except when McCain said spending freeze between saying spend more and spend more.

The only way to do those three things together, is to inflate.

[pedalling_faster]

Jazzy Flash-programmed 6 month stock curve

that's for the Dow. going back 6 months, to a local peak in May 2008 of 13K, down from the peak of 14K about a year ago.

where do you think the Dow will be in May 2008 ? i think it is optimistic to think that it will be 9000. third quarter economic results are due out, fourth quarter looks worse than the third quarter. i don't like playing a big guessing game since the market is so manipulated. i think a Dow of 8000 in May 2008 is optimistic. the drop from 13000 to 8000, May 2008 to May 2009, that's about a 40% drop.

i still think the government will try to find a way to blame this on those "damn Muslim terrorists" they tell us about.

[TimeTraveller]

DJ futures currently down -347 to 9188. US market bloodbath is coming. I hate to say it, but I think this is it. The big one. And it seems nothing and no one can stop it.

futures

[Madpaddy]

Irish Stock Market down 8-9% again this morning.

FTSE down 5.8% (after government guarantee).

I think this is it too. State Guarantee of banks has failed. Nothing is left in the arsenal.

[MD]

Look at the bright side: PO now becomes a non-issue!

Wait a minute...that's a bright side?

[Daniel_Plainview]

$this->bbcode_second_pass_quote('TimeTraveller', 'D')J futures currently down -347 to 9188. US market bloodbath is coming. I hate to say it, but I think this is it. The big one. And it seems nothing and no one can stop it.

futures