World stock markets plunge

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  • ADL Colin
    Too lazy to set a custom title
    • Feb 2001
    • 11929

    #1

    World stock markets plunge

    Germany down 6%
    Paris down 6%
    Shanghai down 5%
    Canada down 4%
    Pan-European Dow Jones Stoxx 600 index down 4.3%

    Dow Jones futures down 350 points


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  • Gasper

    #2
    yay!!!!!

    Comment

    • Nydahl
      Confirmed User
      • Sep 2002
      • 6655

      #3
      my todays lost is 7K USD - nothing but good news lately
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      • marketsmart
        HOMICIDAL TROLL KILLER
        • Dec 2004
        • 20419

        #4
        Thats why I love FOREX, make money regardless of economic situation....

        Comment

        • Quagmire
          Confirmed User
          • Jul 2005
          • 6490

          #5
          Canada is only down 4%. does that mean we win? yay!

          Comment

          • Naughty
            Confirmed User
            • Jul 2001
            • 6484

            #6
            AEX also more than 5% down.
            Lost 24% since december 1st on my funds ;-(
            seks.ai for sale - ping me

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            • JesseD
              Confirmed User
              • Nov 2002
              • 473

              #7
              I think the futures are down 500 now.


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              • teomaxxx
                Confirmed User
                • May 2003
                • 2737

                #8
                fuck, I covered around 20% of my short positions on friday. I have expected a bounce, because of Bush prop plan and some rate cut talk rumours like usual, but fear has come into the markets faster then I thought.

                Originally posted by teomaxxx
                Yesterday and today decline isnt mainly about recession, its mainly stupid market who finally figured out, that two of the biggest monoline insurers (ABK, MBI) are going under...as their every other competitor already did it.

                these two companies, with current 1.5 bilion market cap, insure around 1.2 trilion of debt.

                "Losing the AAA stamp would cripple the bond insurers and throw doubt on the ratings of $2.4 trillion of debt the industry guarantees, causing as much as $200 billion in losses, according to data compiled by Bloomberg."

                Their current AAA ratings are biggest joke ever and once they are done (MBI, ABK) and bankrupt, you can talk about immediate 100$ billion write-off in financial industry.
                That day wont be great for any stock.
                ABK was downgraded to AA just before close on friday by FITCH.


                That day wont be great for any stock.


                You better read this article to understand what whole game is about.
                http://www.washingtonpost.com/wp-dyn...011803592.html

                "Everyone thinks they're looking at the cliff over Armageddon," said Ed Rombach, senior derivatives analyst at Thomson Financial. "If you think the write-downs have been bad so far, the next write-downs could be twice as big."

                Comment

                • notoldschool
                  Confirmed User
                  • Aug 2007
                  • 5687

                  #9
                  Shit I thought this was a britney spears thread. My mistake.
                  No doubt one may quote history to support any cause, as the devil quotes scripture.
                  -- Learned Hand

                  http://www.bjpenn.com

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                  • TheSenator
                    Too lazy to set a custom title
                    • Feb 2003
                    • 13330

                    #10
                    http://www.mercurynews.com/ci_8030355?nclick_check=1
                    ISeekGirls.com since 2005

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                    • ADL Colin
                      Too lazy to set a custom title
                      • Feb 2001
                      • 11929

                      #11
                      Jan. 22 (Bloomberg) -- Almost half of the world's biggest stock indexes fell into a bear market as mounting concern about a U.S. recession dragged down banking and retail shares across Asia, Europe and Latin America.


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                      • Axeman
                        Confirmed User
                        • Feb 2004
                        • 5201

                        #12
                        Originally posted by teomaxxx
                        fuck, I covered around 20% of my short positions on friday. I have expected a bounce, because of Bush prop plan and some rate cut talk rumours like usual, but fear has come into the markets faster then I thought.



                        ABK was downgraded to AA just before close on friday by FITCH.


                        That day wont be great for any stock.


                        You better read this article to understand what whole game is about.
                        http://www.washingtonpost.com/wp-dyn...011803592.html

                        "Everyone thinks they're looking at the cliff over Armageddon," said Ed Rombach, senior derivatives analyst at Thomson Financial. "If you think the write-downs have been bad so far, the next write-downs could be twice as big."
                        Bush's prop plan was a big reason for such a drop in the world markets as it fell much below expectations. If he offered a stronger package that looked at short term and long term goals then the unrest would have been much less severe.
                        XXXRewards - Karups - Boyfun - Jawked. Paying on time since 1997. Contact me at brent [at] xxxrewards.com

                        Comment

                        • IllTestYourGirls
                          Ah My Balls
                          • Feb 2007
                          • 14311

                          #13
                          hmm isnt this what Ron Paul said would happen back in 2002? Oh well.. ignore the truth.. your computers will still run, your ipod will still play songs...

                          Comment

                          • johnuno11
                            Confirmed User
                            • Nov 2007
                            • 692

                            #14
                            I feel bad for those of you who held on to the tech stocks and didn't short sell.
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                            • spacedog
                              Yes that IS me. Bitch.
                              • Nov 2001
                              • 14149

                              #15
                              Boy am I so glad my investments more than doubled in less than 6 months

                              I'm expecting a 300% return in another 6 months, 400% in 12

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                              • NoComments
                                Confirmed User
                                • Jan 2005
                                • 4957

                                #16
                                Colin,
                                Japan,
                                down another 587 points:
                                http://www.bloomberg.com/index.html?Intro=intro3


                                and the entire world looks bleak
                                http://www.bloomberg.com/markets/stocks/futures.html

                                I am preparing myself mentally for 5 digits loss tomorrow.

                                I need advice:
                                who is the best Sig Whore payer in the business!?

                                Time to put my latex gloves on and hit the key board!
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                                • pr0
                                  rockin tha trailerpark
                                  • May 2001
                                  • 23088

                                  #17
                                  good thing this business is semi recession proof
                                  __________
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                                  • zigx
                                    Confirmed User
                                    • Sep 2003
                                    • 1430

                                    #18
                                    Originally posted by ADL Colin
                                    Germany down 6%
                                    Paris down 6%
                                    Shanghai down 5%
                                    Canada down 4%
                                    Pan-European Dow Jones Stoxx 600 index down 4.3%

                                    Dow Jones futures down 350 points
                                    yeah i have been getting fucked up the A this month, thats for sure.
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                                    • Fap
                                      Just Du It
                                      • Feb 2004
                                      • 12094

                                      #19
                                      yeahh my google stock went down over $100 in the past month WTF

                                      Comment

                                      • teomaxxx
                                        Confirmed User
                                        • May 2003
                                        • 2737

                                        #20
                                        Originally posted by Axeman
                                        Bush's prop plan was a big reason for such a drop in the world markets as it fell much below expectations. If he offered a stronger package that looked at short term and long term goals then the unrest would have been much less severe.
                                        actualy his prop plan would be good in short run only for pump monkeys in television to prop stock prices. thats how stock markets work.

                                        but as I stated the main reason for such declines is

                                        Originally posted by teomaxxx

                                        ABK was downgraded to AA just before close on friday by FITCH.

                                        You better read this article to understand what whole game is about.
                                        http://www.washingtonpost.com/wp-dyn...011803592.html

                                        "Everyone thinks they're looking at the cliff over Armageddon," said Ed Rombach, senior derivatives analyst at Thomson Financial. "If you think the write-downs have been bad so far, the next write-downs could be twice as big."
                                        "

                                        Comment

                                        • NoComments
                                          Confirmed User
                                          • Jan 2005
                                          • 4957

                                          #21
                                          GOOG is 549 in Europe
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                                          • Christina Muller
                                            Confirmed User
                                            • Mar 2007
                                            • 923

                                            #22
                                            it was all expected unless you live under a rock

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                                            • NoComments
                                              Confirmed User
                                              • Jan 2005
                                              • 4957

                                              #23
                                              Fed cuts rate 3/4 points

                                              the futures cut 1/2 of their losses
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                                              • brand0n
                                                been very busy
                                                • Nov 2002
                                                • 26983

                                                #24
                                                Originally posted by NoComments
                                                Fed cuts rate 3/4 points

                                                the futures cut 1/2 of their losses
                                                just seen that

                                                morning serge, how ya been?

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                                                • Fletch XXX
                                                  GFY HALL OF FAME DAMMIT!!!
                                                  • Jan 2002
                                                  • 60840

                                                  #25
                                                  cash rules everything around me

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