Massacre at wallstreet tommorow...
 

Tommorow is going to be a massacre at wallstreet !!!!

Every stock over the p/e of 20 is going to get shanked!


The only way to save the stock market from a massive crash is for the fed to make an emergency rate cut!




Its going to be a bad day for america! :(

Great then the $ will drop again - Its not looking good though, you are right on that....

My mutuals took a shit kicking today :/

Then in 1 month from now, the same thing will happen.

Cutting the rate is only postponing the inevitable.

my Dad who was in banking for many years said the best thing that could happen was the market drops 900-1000 points gets all the bullshit out and it can start going up again.Instead of this up 200 points down 200 points.

ron paul has some shit to say about our dollar.

No shit the government should stop fucking with the ecomony. What happened to free market?

same here.. ytd im actually in the neg for once. (mutuals only)

i second that. :thumbsup

FYI this might be a good buy if you feel the markets are going to eat some serious shit.

Ticker DXD Ultra short dow 30:
http://stockcharts.com/h-sc/ui?s=dxd...d=p31062446072

At least we'll be able to stop bitching about outsourcing soon..... India will be outsourcing their call centers to us, and joe bob can get his job back. Of course Joe Bob will have to say his name is Rahesh when he answers the phones but he'll get his job back. Maybe we can even start making t-shirts for the Chinese soon! :disgust

thats funny and very sad:(

I just heard on the news that City Bank over in the US lost $5bn net for the last three months.

Chief executive Vikram Pandit said the loss had been caused by a $18.1bn exposure to bad mortgage debt and was "clearly unacceptable".

http://news.bbc.co.uk/1/hi/business/7188909.stm

pretty much every bank in the us and alot of the banks outside of US had large exposure to US subprime mortgage.


The only one that called this failure of the subprime lending was goldman sachs, and they shorted the entire subprime industry earning them billions !!!


Impressive call!

Goldman sachs are the only analysts that seem to get it right over and over again!

Worst part of this is.. ALOT of the houses bought in the US were in 2003 and 2004.. The mortages on them are to reset in 2008 .. and chances are 20 - 25% of them are going to default!

So the US banking system is in a major mess,major credit crunch... (if they try to solve the credit crunch the Federal reserve needs to print out more money so inflation and ultimately stagflation) ... so I think we'r in major mess for a long time to come im sad to say :(

We could litterally see a semi-depression for a good 4 -5 years to come !

Speaking of Golden Sacks you have to see the setup they have in the datcenter i have my cage in, they have 8000 servers stacked from 40 to a rack in rack after rack after rack, their setup is feaking huge

In this case it was their association with Sumitomo Corp and their experience with past lending mistakes in Japan, or Goldman might also be having problems.

So when will it stop going down? I'll be there to buy an index fund.

I was looking as tomorrow as a technical buy near the open. But man banks are totally wacked and the worst is Citibank cut the dividend so others will follow and now there is no reason buy them.