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stevo

10-10-2008 03:02 AM

Markets around the world dropping...

Almost every international market is down 7-10%.

CNN morning news even started early - with Breaking Financial News.

Is the Dow going to drop below 8000 today? I'm sure President Bush's speech today will help calm the sell-off! :1orglaugh :helpme

Splum

10-10-2008 03:07 AM

Dow futures are down -300 points. This is gonna be a historic day, week, month, year, decade. :(

digifan

10-10-2008 03:07 AM

Why are you surprised?

Sin_Vraal

10-10-2008 03:11 AM

all this shit was over priced anyway.
sounds like a good time to make a killing!

stevo

10-10-2008 03:21 AM

Quote:

Originally Posted by digifan (Post 14878639)

Why are you surprised?

Not surprised. In fact i even posted/predicted yesterday that the DOW will probably bounce off of 7500 .

If it falls below 7500, then i'll be surprised and worried - for then the charts show very little support. :helpme

stevo

10-10-2008 03:33 AM

GE just released earnings - met expectations - future outlook is still on track...

ADL Colin

10-10-2008 03:38 AM

Quote:

Originally Posted by stevo (Post 14878681)

GE just released earnings - met expectations - future outlook is still on track...

I bought a buncha GE stock yesterday morning. It promptly fell 8% the first day.

stevo

10-10-2008 03:55 AM

Quote:

Originally Posted by ADL Colin (Post 14878693)

I bought a buncha GE stock yesterday morning. It promptly fell 8% the first day.

GE chart is looking pretty ugly - 10+ year low. I'm seeing some minor support at $16/$17. Todays news might keep it above.

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