What time will the NYSE pull the plug on trading tomorrow? - GoFuckYourself.com

DateDoc · 09-14-2008, 04:00 PM

Catastrophic loses look eminent as Barclays has backed out of buying Lehman Bros and they will fail (well they have failed already it is just not official). The Govt has also said it does not want to bail out Lehman Bros. The failure of Lehman will lead to many more failures with WAMU the most likely and maybe Merril Lynch. If this goes down tomorrow the NYSE will have to suspend trading.

Vendot · 09-14-2008, 04:04 PM

Im gonna set a limit to buy $100k worth of GOOG at $0.01

tony286 · 09-14-2008, 04:04 PM

I hope someone comes in last minute to buy them.

Vendot · 09-14-2008, 04:07 PM

http://www.reuters.com/article/usDol...65548820080914

DateDoc · 09-14-2008, 04:14 PM

The 1st wave of worldwide loses could come in just a few hours when the Hang Seng opens at 7:00PM PST (10:00AM Monday Honk Kong time).

emjay · 09-14-2008, 04:19 PM

Looks like we are witnessing history in the making...

Vendot · 09-14-2008, 04:23 PM

Looks like tommorrow is going to be armageddon...... question is, is it worth buying anything after the first shock wave or do you wait until the reverberations come later?

Evil E · 09-14-2008, 04:25 PM

Interesting, I don't know much about that but I'll be watching the story...

tony286 · 09-14-2008, 04:25 PM

there are some that say, let it really fall hard.Then the rebuilding can begin.

NickPapageorgio · 09-14-2008, 04:28 PM

I made another thread asking about the market because I honestly don't know jack about it. From reading CNN Money, what I gather is Lehman bros got in over their head with some back real estate decisions and are now going broke but are hoping someone would buy them/bail them out but that's not happening.

That's why I want to learn how this shit works. I read that something super important is going on with the market and I don't know enough about it to know the significance of it. I'm learning, just never really cared enough about it until this past year or so.

GetSCORECash · 09-14-2008, 04:28 PM

If Lehman falls... It's going to be a domino effect. WM, MER, C, and even NYX and GS anything financial will get hit, and hit bad..

I'm so deep into WAMU, if I pull out now, I'm still going to get my dick cut off.

Vendot · 09-14-2008, 04:29 PM

Quote:

Originally Posted by tony404

there are some that say, let it really fall hard.Then the rebuilding can begin.

And if your bank has been doing deals with Lehman and not had a chance to unwind positions? Then do you still want Lehman falling on its ass?

Lets say tommorrow you wake up and find that your bank has collapsed and you're worth a couple of twinkie cakes you spent your last pocket of change on. How would you feel?

NET WORTH (September 14th): $121k

NET WORTH (September 15th): $0.04 (plus 2 Twinkie cakes)

DateDoc · 09-14-2008, 04:35 PM

Quote:

Originally Posted by Vendot

And if your bank has been doing deals with Lehman and not had a chance to unwind positions? Then do you still want Lehman falling on its ass?

Lets say tommorrow you wake up and find that your bank has collapsed and you're worth a couple of twinkie cakes you spent your last pocket of change on. How would you feel?

NET WORTH (September 14th): $121k

NET WORTH (September 15th): $0.04 (plus 2 Twinkie cakes)

I hope the govt comes thru and bails them out and they need to do it in the next few hours before the Hang Seng opens. They have said they do not want to but have not come right out and said they will not.

tony286 · 09-14-2008, 04:36 PM

Quote:

Originally Posted by Vendot

And if your bank has been doing deals with Lehman and not had a chance to unwind positions? Then do you still want Lehman falling on its ass?

Lets say tommorrow you wake up and find that your bank has collapsed and you're worth a couple of twinkie cakes you spent your last pocket of change on. How would you feel?

NET WORTH (September 14th): $121k

NET WORTH (September 15th): $0.04 (plus 2 Twinkie cakes)

Did I say I said that? Why so aggressive? Banks are insured if you didn't know. If tomorrow we are thrown into a depression we are all going to be affected big time.

IllTestYourGirls · 09-14-2008, 04:39 PM

I hope you are ready for the ride.

For those of you who have not been listening to Peter Schiff it maybe time to

https://youtube.com/watch?v=nlNOMouRzVg

DateDoc · 09-14-2008, 04:40 PM

Quote:

Originally Posted by tony404

Did I say I said that? Why so aggressive? Banks are insured if you didn't know. If tomorrow we are thrown into a depression we are all going to be affected big time.

We are not talking about insured funds we are talking about stocks taking a nose dive across the board. More and more banks are going to fail. As to insured funds - how many deposits can the govt cover before the money the govt is giving you is worthless?

IllTestYourGirls · 09-14-2008, 04:40 PM

Quote:

Originally Posted by DateDoc

I hope the govt comes thru and bails them out and they need to do it in the next few hours before the Hang Seng opens. They have said they do not want to but have not come right out and said they will not.

The government or the FED?

DateDoc · 09-14-2008, 04:41 PM

Quote:

Originally Posted by IllTestYourGirls

The government or the FED?

Either/or. Someone needs to.

marketsmart · 09-14-2008, 04:43 PM

Quote:

Originally Posted by tony404

Banks are insured if you didn't know.

the indy mac failure ate 10% of the FDIC fund...

the fdic could only handle 1 large bank failure and after that the FDIC fund would be empty..

anyway, the currency markets opened tonight with some huge moves.. the dollar got hit especially hard against the yen.. however, it seems to be bouncing back..

japan is closed because of holliday. when europe comes online tonight we will see what going to happen..

monday morn is going to be wild for sure...

Vendot · 09-14-2008, 04:52 PM

http://www.reuters.com/article/marke...34273620080912

Dollar down tommorrow......

SomeCreep · 09-14-2008, 04:56 PM

I love capitalism. Fear and uncertainty creates so much opportunity, for the smart investor, anyway.

tony286 · 09-14-2008, 04:58 PM

Quote:

Originally Posted by marketsmart

the indy mac failure ate 10% of the FDIC fund...

the fdic could only handle 1 large bank failure and after that the FDIC fund would be empty..

anyway, the currency markets opened tonight with some huge moves.. the dollar got hit especially hard against the yen.. however, it seems to be bouncing back..

japan is closed because of holliday. when europe comes online tonight we will see what going to happen..

monday morn is going to be wild for sure...

I actually found this post on a mainstream site good points.:
The FDIC doesn't have any "money" but as long as it is funded by the taxpayer it will not be unable to service commitments. By way of perspective. in the 89-90 savings and loan fiasco over 1000 financial institutions collapsed, in the current crisis there may be 150 banks at risk.Take a deep breath the sky is not falling and capitalism is the only game in town, you can't win if you don't play.

Vendot · 09-14-2008, 05:01 PM

Quote:

Originally Posted by SomeCreep

I love capitalism. Fear and uncertainty creates so much opportunity, for the smart investor, anyway.

Thats true...... when all your cash is wiped out, youll still have two twinkie cakes and because no-one else will have any cash to buy food, you can trade your twinkie cakes for pussy.

tony286 · 09-14-2008, 05:01 PM

My only wish is if the government bails this one out and other ones in the future. The executive teams leave with nothing but their family photos.

IllTestYourGirls · 09-14-2008, 05:10 PM

Quote:

Originally Posted by SomeCreep

I love capitalism. Fear and uncertainty creates so much opportunity, for the smart investor, anyway.

Bail outs dont happen in capitalism

Vendot · 09-14-2008, 05:11 PM

Quote:

Originally Posted by tony404

My only wish is if the government bails this one out and other ones in the future. The executive teams leave with nothing but their family photos.

You want them to leave the building naked and covering their extremities with a photo frame? A form of punishment?

Phoenix · 09-14-2008, 05:12 PM

kinda wish i had kept my trading account stocked up
probably some really good buys to be had coming soon

tony286 · 09-14-2008, 05:14 PM

Quote:

Originally Posted by Vendot

You want them to leave the building naked and covering their extremities with a photo frame? A form of punishment?

Better than giving them 7 million dollar severance packages for fucking up.

DateDoc · 09-14-2008, 05:22 PM

Quote:

CNBC has confirmed press reports that Lehman Brothers is likely to file for bankruptcy protection as soon as Sunday evening.

http://www.cnbc.com/id/26708143

OG LennyT · 09-14-2008, 05:29 PM

I am putting lots of cash on GOOG tomorrow... it's a buyer's market fuckers

pocketkangaroo · 09-14-2008, 05:29 PM

Futures down 270 points.

DateDoc · 09-14-2008, 05:47 PM

B of A and Merril Lynch have agreed on terms for B of A to buy them. Both boards have approved the deal.

DateDoc · 09-14-2008, 06:04 PM

BofA is paying $29/share for MER which closed at $17.05 on Friday and was like to be bankrupt in a week or two after Lehmans tanked.

Sami · 09-14-2008, 06:05 PM

My estimate is about 50% of the merrill employees get axed and that is alot of employees!

Manowar · 09-14-2008, 06:08 PM

Quote:

Originally Posted by DateDoc

http://www.cnbc.com/id/26708143

DateDoc · 09-14-2008, 06:40 PM

Quote:

Originally Posted by Sami

My estimate is about 50% of the merrill employees get axed and that is alot of employees!

shitty day for a lot of employees

TheSenator · 09-15-2008, 04:08 AM

Suicide watch today.....

emjay · 09-15-2008, 04:28 AM

Quote:

Originally Posted by DateDoc

shitty day for a lot of employees

indeed, but don't expect too much sympathy from Joe Public.

Hank_Heartland · 09-15-2008, 04:58 AM

Funny to hear all you Republicans asking for a bailout

ADL Colin · 09-15-2008, 05:03 AM

Quote:

Originally Posted by Vendot

Looks like tommorrow is going to be armageddon...... question is, is it worth buying anything after the first shock wave or do you wait until the reverberations come later?

I'm buying after the first shock wave with some left in reserve for further price drops.

rowan · 09-15-2008, 05:46 AM

I believe it's currently about 8:45am in NY... what time does the exchange open?

notime · 09-15-2008, 05:50 AM

http://biz.yahoo.com/ap/080915/world_markets.html

Darkland · 09-15-2008, 06:01 AM

Quote:

Originally Posted by tony404

By way of perspective. in the 89-90 savings and loan fiasco over 1000 financial institutions collapsed, in the current crisis there may be 150 banks at risk.Take a deep breath the sky is not falling and capitalism is the only game in town, you can't win if you don't play.

I have been hearing this from several places and it is not looking at the bigger picture. Sure maybe only 150 banks are at risk versus the 1000 that collapsed in 89-90. The big difference is that through mergers, buy-outs, consolidations AND the closure of those banks that collapsed in the S&L fiasco there AREN'T as many banks around today to soften the blow.

marketsmart · 09-15-2008, 06:56 AM

Quote:

Originally Posted by tony404

I actually found this post on a mainstream site good points.:
The FDIC doesn't have any "money" but as long as it is funded by the taxpayer it will not be unable to service commitments. By way of perspective. in the 89-90 savings and loan fiasco over 1000 financial institutions collapsed, in the current crisis there may be 150 banks at risk.Take a deep breath the sky is not falling and capitalism is the only game in town, you can't win if you don't play.

i am pretty sure the FDIC keeps a reserve fund.. of course the FDIC is backed by the govt ie: the taxpayers, so ultimately the FDIC has unlimited money..

DateDoc · 09-15-2008, 07:45 AM

Looks like the BofA purchase of MER is going to help stabilize or stave off huge losses for most. AIG is down 44% today, WAMU 20% and Wachovia 13%.

ADL Colin · 09-15-2008, 08:02 AM

Quote:

Originally Posted by marketsmart

the indy mac failure ate 10% of the FDIC fund....

I think more than that.

The FDIC fund was $45 billion at the end of June. The most recent estimate of the cost of Indy Mac is $8.9 billion. Almost 20%.

So now the FDIC will have to charge banks higher premiums in order to rebuild its reserve ratio.

ADL Colin · 09-15-2008, 08:06 AM

Quote:

Originally Posted by marketsmart

i am pretty sure the FDIC keeps a reserve fund.. .

yes. They charge banks an insurance premium and those funds then go into the fund.

Sami · 09-15-2008, 08:22 AM

Market never behaves in the manner that everybody would expect.

Contrarian ? Perhaps.. at least in times of uncertainty.

I won't be surprised if the Dow fills the gap today...

Capitulation is going to occur when people don't expect it !

tiger · 09-15-2008, 08:27 AM

More carnage to come I'm sure but today looks like it wasn't as bad as everyone thought it would be.

DateDoc · 09-15-2008, 09:13 AM

Quote:

Originally Posted by DateDoc

Looks like the BofA purchase of MER is going to help stabilize or stave off huge losses for most. AIG is down 44% today, WAMU 20% and Wachovia 13%.

Wachovia is now down 22% and AIG 62%

09-14-2008, 04:00 PM	#1
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	What time will the NYSE pull the plug on trading tomorrow? Catastrophic loses look eminent as Barclays has backed out of buying Lehman Bros and they will fail (well they have failed already it is just not official). The Govt has also said it does not want to bail out Lehman Bros. The failure of Lehman will lead to many more failures with WAMU the most likely and maybe Merril Lynch. If this goes down tomorrow the NYSE will have to suspend trading. __________________

09-14-2008, 04:14 PM	#5
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	The 1st wave of worldwide loses could come in just a few hours when the Hang Seng opens at 7:00PM PST (10:00AM Monday Honk Kong time). __________________ Last edited by DateDoc; 09-14-2008 at 04:19 PM..

09-14-2008, 04:19 PM	#6
emjay Confirmed User Join Date: Dec 2004 Location: Back in Blighty Posts: 4,277	Looks like we are witnessing history in the making... __________________ I Run 500+ WhatsApp Groups. The Zuck Owns Me www.emjayconsultancy.com

09-14-2008, 04:25 PM	#8
Evil E Confirmed User Join Date: Apr 2005 Location: Lazyness is a lifestyle Posts: 3,201	Interesting, I don't know much about that but I'll be watching the story... __________________ A girl once told me "Give me 8 inches and make it HURT". So, I fucked her twice and hit her with a brick.

09-14-2008, 04:28 PM	#10
NickPapageorgio Confirmed User Join Date: Apr 2004 Location: NC Posts: 8,323	I made another thread asking about the market because I honestly don't know jack about it. From reading CNN Money, what I gather is Lehman bros got in over their head with some back real estate decisions and are now going broke but are hoping someone would buy them/bail them out but that's not happening. That's why I want to learn how this shit works. I read that something super important is going on with the market and I don't know enough about it to know the significance of it. I'm learning, just never really cared enough about it until this past year or so. __________________

09-14-2008, 04:04 PM	#2
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	Im gonna set a limit to buy $100k worth of GOOG at $0.01

09-14-2008, 04:04 PM	#3
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	I hope someone comes in last minute to buy them.

09-14-2008, 04:07 PM	#4
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	http://www.reuters.com/article/usDol...65548820080914

09-14-2008, 04:23 PM	#7
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	Looks like tommorrow is going to be armageddon...... question is, is it worth buying anything after the first shock wave or do you wait until the reverberations come later?

09-14-2008, 04:28 PM	#11
GetSCORECash Confirmed User Industry Role: Join Date: Mar 2008 Location: Miami Posts: 5,527	If Lehman falls... It's going to be a domino effect. WM, MER, C, and even NYX and GS anything financial will get hit, and hit bad.. I'm so deep into WAMU, if I pull out now, I'm still going to get my dick cut off. __________________ \| skype: getscorecash \| ICQ: 59-271-063 \| New Sites: \| SCORELAND2 \| Roku Channel SCORETV.TV \| 60PLUSMILFS \| \| Big Tit Hooker \| Tits And Tugs \| Big Boobs POV \| Karla James \| \| Naughty Foot Jobs \| Linsey's World \| Busty Arianna Sinn \| Get SCORE Cash \|

09-14-2008, 04:39 PM	#15
IllTestYourGirls Ah My Balls Industry Role: Join Date: Feb 2007 Location: Under the gold leaf ICQ 388-454-421 Posts: 14,311	I hope you are ready for the ride. For those of you who have not been listening to Peter Schiff it maybe time to https://youtube.com/watch?v=nlNOMouRzVg __________________

09-14-2008, 04:52 PM	#20
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	http://www.reuters.com/article/marke...34273620080912 Dollar down tommorrow...... Last edited by Vendot; 09-14-2008 at 04:57 PM..

09-14-2008, 04:56 PM	#21
SomeCreep :glugglug Join Date: Mar 2003 Location: Where the Wild Things Are Posts: 26,118	I love capitalism. Fear and uncertainty creates so much opportunity, for the smart investor, anyway. __________________ Webair Hosting I use and recommend Webair for hosting.

09-14-2008, 05:01 PM	#24
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	My only wish is if the government bails this one out and other ones in the future. The executive teams leave with nothing but their family photos.

09-14-2008, 05:12 PM	#27
Phoenix BACON BACON BACON Industry Role: Join Date: Nov 2002 Location: Poems everybody, the laddie fancies himself a poet Posts: 35,462	kinda wish i had kept my trading account stocked up probably some really good buys to be had coming soon __________________ Skype Phoenixskype1 Telegram PhoenixBrad https://quantads.io

09-14-2008, 05:29 PM	#30
OG LennyT Wall Street Pimp Industry Role: Join Date: Jun 2003 Location: Phoenix, AZ Posts: 14,345	I am putting lots of cash on GOOG tomorrow... it's a buyer's market fuckers __________________ Tradeking - my online broker \| 4.95 a trade \| make real $$

09-14-2008, 05:29 PM	#31
pocketkangaroo Confirmed User Join Date: Jan 2005 Location: Chicago, IL Posts: 8,452	Futures down 270 points.

09-14-2008, 05:47 PM	#32
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	B of A and Merril Lynch have agreed on terms for B of A to buy them. Both boards have approved the deal. __________________

09-14-2008, 06:04 PM	#33
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	BofA is paying $29/share for MER which closed at $17.05 on Friday and was like to be bankrupt in a week or two after Lehmans tanked. __________________

09-14-2008, 06:05 PM	#34
Sami Confirmed User Join Date: Mar 2004 Posts: 2,047	My estimate is about 50% of the merrill employees get axed and that is alot of employees! __________________ ServerProvider.com ICQ#: 311-848-143

09-15-2008, 04:08 AM	#37
TheSenator Too lazy to set a custom title Industry Role: Join Date: Feb 2003 Location: NJ Posts: 13,336	Suicide watch today..... __________________ ISeekGirls.com since 2005

09-15-2008, 04:58 AM	#39
Hank_Heartland Confirmed User Industry Role: Join Date: Sep 2002 Location: chicago, il Posts: 3,987	Funny to hear all you Republicans asking for a bailout __________________ Icq = 459565429 AIM = butlerhankb http://stripperpins.com Twitter = @stripperpins Facebook = Stripperpins.com [email protected]

09-15-2008, 05:46 AM	#41
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	I believe it's currently about 8:45am in NY... what time does the exchange open?

09-15-2008, 05:50 AM	#42
notime Confirmed User Industry Role: Join Date: Jun 2003 Location: cyberspace Posts: 8,022	http://biz.yahoo.com/ap/080915/world_markets.html

09-15-2008, 07:45 AM	#45
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	Looks like the BofA purchase of MER is going to help stabilize or stave off huge losses for most. AIG is down 44% today, WAMU 20% and Wachovia 13%. __________________

09-15-2008, 08:22 AM	#48
Sami Confirmed User Join Date: Mar 2004 Posts: 2,047	Market never behaves in the manner that everybody would expect. Contrarian ? Perhaps.. at least in times of uncertainty. I won't be surprised if the Dow fills the gap today... Capitulation is going to occur when people don't expect it ! __________________ ServerProvider.com ICQ#: 311-848-143

09-15-2008, 08:27 AM	#49
tiger Confirmed User Industry Role: Join Date: Apr 2002 Location: Los Angeles Posts: 6,986	More carnage to come I'm sure but today looks like it wasn't as bad as everyone thought it would be. __________________