Quote:
Originally Posted by xxxjay
MalMu just got bought out by JPMorgan...watch for the stock market to plunge 250 points tonight...probably atleast 500 points by tomorrow.
If you have your money in a handful of banks, it is likely frozen.
...
The news hasn't hit the mainsteam yet, but mark my words...Friday, 26 2008 will be Black Friday Part 2!
Ya' I know, the news gets better and better.
No?
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One possibility is the market will open lower and then trade sideways all day until the last hour of trading. If no plan is announced by then, expect more heavy selling into the close. If a bailout plan is announced during trading hours, the market will most likely rally and finish positive.
Another possibility is there will be no bailout plan announced tomorrow and the market will decline precipitously. Then over the weekend a bailout plan will be formulated and executed by the fed and congress and we'll have the equivalent of a "white monday" on Wall Street, with a 500 - 1000 point gain.