[johnnymu]

No one said "crash", everyone said market will be down today.

[NYCGP]

Dow is down almost 3% ... Nasdaq is down almost 4% ... Want to keep poking the bear?

[mact3333]

You guys are funny...where is the guy who wanted to buy BAC , which is down 15% today ....you never buy banks when the BKX chart is broken and at yearly lows.

[stressdoc]

Just buy BMW AG on the lows.

[stylinexpat]

Originally Posted by SPQR M3

Think contrarian guys. Everyone is expecting a bloodbath, but it's just confirmation of what was expected. IMO the market will close up on Monday.

You must be kidding We will most likely finish down over 300 points for the day. This week should be bloody.

[AngelinIsRich08]

Ugh, and I have some calls that expire next week which sucks. So you think markets will be down again tomorrow? I will buy srty I guess. Up 16% at the moment. Lol.

[M3Bahn]

Should he really be saying things like this?


No Chance of Default, US Can Print Money: Greenspan

Former Federal Reserve Chairman Alan Greenspan on Sunday ruled out the chance of a US default following S&P's decision to downgrade America's credit rating.

"The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default" said Greenspan on NBC's Meet the Press

"What I think the S&P thing did was to hit a nerve that there's something basically bad going on, and it's hit the self-esteem of the United States, the psyche" said Greenspan

Austan Goolsbee, the chairman of the White House's council of economic advisors, hit out at S&P on the same show, insisting the credit ratings agency had got its math wrong.

http://www.cnbc.com/id/44051683/No_C...oney_Greenspan

[AngelinIsRich08]

Yea, I read the same thing. Well that's QE3 for ya.

[M3Bahn]

Originally Posted by AngelinIsRich08

Yea, I read the same thing. Well that's QE3 for ya.

QE 3 to infinity and beyond!

[NYCGP]

Originally Posted by stylinexpat

You must be kidding We will most likely finish down over 300 points for the day. This week should be bloody.

Gamblers ITT .. Anyone who thought today was going to be anything but an absolute free fall was completely delusional.

Angelin be smart. Keep your money on the sidelines until shit calms down. When the VIX hits the levels it has been the past 2 trading days, investors like yourself should step back and not play into the big guys hands. Which is exactly what you would be doing by purchasing Srty.

[achien]

by down-grading US, S&P just took QE3 away.

if US go ahead with QE3, S&P will down-grade further.

Originally Posted by AngelinIsRich08

Yea, I read the same thing. Well that's QE3 for ya.

[M3Bahn]

Originally Posted by achien

by down-grading US, S&P just took QE3 away.

if US go ahead with QE3, S&P will down-grade further.

Without QE3 we will be back at DOW 6,000 levels or worse so they have no choice.

[NYCGP]

Originally Posted by achien

by down-grading US, S&P just took QE3 away.

if US go ahead with QE3, S&P will down-grade further.

S&P downgrade was a shot across the bow. They wouldn't dare downgrade the US further. They took a huge chance doing what they just did. They know it will effect their credibility in some ways. However, imho, they saw it as a great opportunity to show some "balls".


Edit: Dow just broke through 11k .... No bueno. I guess everyone is back from lunch.

[M3Bahn]

Sorry Greenspan, no one wants your soon to be worthless dollar.


Dollar to Be 'Discarded' by World: China Rating Agency

The man who leads one of China’s top rating agencies says the greenback’s status as the world’s reserve currency is set to wane as the world’s most powerful policy makers convene to examine the implication of S&P’s decision to strip the United States of its triple “A” rating.


The United States "should get a clear understanding that the continuous decline of the debt service capability will inevitably result in the outbreak of a sovereign debt crisis.”

In comments emailed to CNBC, Guan Jianzhong, chairman of Dagong Global Credit Rating, said the currency is “gradually discarded by the world,” and the “process will be irreversible.”

http://www.cnbc.com/id/44050325

[M3Bahn]

Originally Posted by AngelinIsRich08

Lol. At the open the Dow was down 220 points, now only 179. Haha, what a crash.

At the moment it's down over 400 points.

[NYCGP]

Originally Posted by M3Bahn

At the moment it's down over 400 points.

LOOOOK OUT BELOOOOOOOOOW

DOW down 500... S&P down over 5% along with the Nasdaq down over 5%...





Financials are down almost 20% across the board.

[nnnnnnnnnnnnnnnnnnnnnn]

the real question will be if they prop it up in the last half hour of trading, and if so, how many hundreds of points are they gonna try to knock off.

[stylinexpat]

Like predicted for today. The shit hit the fans.

[ES_TRADER]

Get The Fuck Out Sell Sell Sell Panic Sky Is Falling Run For The Exits

[ES_TRADER]

circuit breakers? what circuit breakers?

[NYCGP]

Keep defending our delusional president... What made him think it was a good idea to speak to the country about the fucking validity of S&P's ratings!?!?

[AngelinIsRich08]

This president has always been about wanting to make history. Well all his new history he's making will cause him to lose his reelection. I'm sick and tired of his policies making me lose money and faith in this country.