Stock Market drops 1000 points
 

fucking insane day in the market

if you watch the market on a daily basis this is insane

it has come back only down 295 now but still wow

Wait until tomorrow. ;)

Agreed. A lot of people shitting their panties and crying in their beers.

tomorrow will be interesting.

will it be a huge up day as there is some great buying opportunities

or will the slide continue as no one will want to go long into the weekend.

ill have my finger in the trigger for sure.

Bad times..its same here in my country.Cant say whats gonna happen tommorow.looks like market will drop again.

Something about an error from a trader.

Someones gonna get canned today.

one of my pink sheet stocks saved my overall day. could have been a 1800 down day. only ended up -671.00

CNN says it rebounded to only -355

Yes it did come back and they are saying the 1000 point plunge was due to "errant trades"

I picked up AAPL at 211

Once in a lifetime.

they are now saying someone at Citi made the mistake LOL

bye-bye YTD gains.

not me :winkwink: more £GBP for my $USD woot! :1orglaugh

I was only 3 months off. Been buying precious metals for a while now. I thought the Market would crash in January but Bernanke and the Obama Administration did their best to put a spin on everything. Then I thought it would crash at the end of this year or beginning of 2011. It may come sooner than that.

Citi denies. It's a bullshit rumor.

just buy options on the volatility. it's going to swing wildly up and down for the foreseeable future. you win either way (as long as it's moving more than you paid for your contract ) [(and as long as the market even EXISTS )]

crazy, it cracked some major support levels today, will be interesting to watch tomorow

Yeah its going to get worst before it gets better:(

Mr. Romance

If you don't sell, you haven't lost anything. Things go down but 90% of the time, it goes right back up. Don't panic, and if you have the funds, it's a great time to pick up some great stocks.

A trader made a "fat finger" trade, entered a B instead of M ? and market crashes.
great success.

tell that to people who bought shares 1-2 years ago at 14-15000 dow level, they are still down huge... markets look 6 months ahead and they're down for a reason, what if greece defaults then italy, spain, portugal, bunch of other small countries... sure, it can be a good opportunety to buy, but it also can be a dissaster in a making...

At least is not like the 1995 Barings Bank collapse after a huge trading loss by Leeson.

Yes cause we all know Obama tells Bernanke what to do. ROFL

"The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits
from the use of other people's money" -- Charles A. Lindbergh Sr., 1923


"Some people think the Federal Reserve Banks are the United States government's institutions.They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers" -- Congressional Record 12595-12603 -- Louis T. McFadden, Chairman of the Committee on Banking and Currency (12 years) June 10, 1932

(mcfadden was poisioned at a party)

i hardly see this as a crash. if it had closed 500-1000 down it would be different

but the market rallied back almost 700 points prior to the close. that to me is not a crash

im still up 8% ytd

tomorrow is another day..

appl is a good buy at this price. F is another

im a buyer here depending on how things open tomorrow

You probably bought in Feb. I'm up too because of that. But the market as a whole isn't up much since Jan.

Does anyone deal with penny stocks? I'm thinkin about going for a long shot, any good ones out there?

I didn't say it was a crash. I said our economy should have crashed last year. But with zero interest rates and stimulus packages, Bernanke and the Obama Administration held it off and actually made the inevitable crash even worse. There's no where for the dollar to go but down, ALL the way down. Keynesian economics has never and will never be successful. Once our economy crashes, we will use a new model, or maybe an existing one, something like the Austrian School.

wow. you didnt get to the post to spam your sig until 3rd spot. You're losing your touch. I thought people were getting banned for doing that these days.

You'll lose all of your money unless you basically hit the lottery and find that winner.

I did get screwed on a couple cause they do reverse splits and you totally lose your ass. I did make a killing off a few though. The trick is not to fall in love with them. I made the mistake in actually believing in the product once and lost my ass.

I've made 800% profit on one, in about 30 minutes cause they had some good news. Sold it and moved on.

no the market itself isnt up that much but i got into BAC im still up 6%+ ytd
bought some appl and am up 8.5% ytd

bee in and out of a few positions with 10% returns.

im in a pink sheet stock that has preformed very well for me since March when i got in and im up 43% on it with 450k shares. Im long term on this as i think they have an awesome product and could go to .10 -.20 a share.

I tought you were joking, holy shit, it's true! What a black day for sure :-(

But... I thought... everything... was... getting... better?

LOL the market is still at 10500

where was it 18 months ago?

I would call that better

Is it same old story: up down up down up down, positive expectations, suckers bring in some new cash, whopsie it crashed again, suckers are worried, take out their cash.
Ain't this just happening all the time?

That's true, good point. Lets hope everything goes back up tomorrow, or at least starts heading up after this fuckup.

No, I would call it inflated and overvalued, and not representative of our economic depression.

some will say that some will say its just a corrections.

No, the correction would be around 8k.

markets shit

illuminati card game 1995 (THEY CONTROL THE STOCK MARKET)


http://www.cuttingedge.org/ICG_Market_Manipulation.jpg

Stock markets go up and stock markets go down. For some reason, people always get shocked whenever they go down.

I have to disagree here. If trading stocks is a hobby for someone who is already loaded then have at it, but for mere mortals DO NOT TRADE THIS MARKET unless you can afford to lose the money you are trading with. Hold on to your cash. Be in cash now and out of this market. You will thank me later. Buying the dips is most likely going to make you a bagholder.

or less... :2 cents:

The smart guys are investing in food, water and guns while their money is still worth something.lol.

You are 100% right, my girlfriend and I are trying to think of a cool place to move to avoid the greek like craziness that will be coming to america. Suggestions? We thinkin hawaii since you will always have food there no matter what, and the land is very cheap. (big island anyways)

i wish that was the case i must be in the 10% my stocks have been
in negative since 2008 :(