Bloody Sunday for stocks (UAE)

Source: Gulf News

UAE shares plunged on the first day after the markets opened following the Eid al Fitr holidays, dashing expectations of a positive opening after the US president signed the revised $700 bailout package into a law late on Friday.

The Dubai Financial Market General Index nosedived 283.35 points or 6.86 per cent... Since July, when the decline started, the market has lost a combined Dh232.3 billion or 23.15 per cent...

Read more: http://www.gulfnews.com/business/Markets/10250153.html

---

With troubles in Europe and Asia, Monday's US market open could get pretty bumpy.

:beer: :wtf:

Here on Long Island, I just bought a carton for my wife at 65$. In the city it's as much as 100$. I remember when a lid was 20$

:rofl:

Abstinence is the best way to survive intact anymore!

Folks are stupid enough sober without getting stupider on booze...

We are going to need our wits about us for awhile to navigate the new paradigm.

Deflation, depression, no money, hunger, homelessness, fascism, big brother, etc.

in the UAE has yet to pop.

:)

Europe set to follow.

And futures are down heavy on the US Market.

All Congress did was just give the crooks more money to cook their books with in order to cover their asses and now of course the taxpayers will have to cover the private corporations and the states as well. Got a deficit? Never fear, the taxpayer is here. The Bush solution. Which apparenlty is the Pelosi solution as well.

Individual investors can liquidate. Most have. But investors who are investors only through their retirement plans can't liquidate.

May not be this Tuesday but more and more analysts are predicting another Black Tuesday. Worse than the one in 1929. The economy is different of course because now we are part of a world economy so it may not seem the same. Wall Street may not completely crash. Banks may not have problems. But the average American will have problems. The average American in fact already is having problems. And has been having problems for some time. Even the rich aren't so rich anymore.

Welcome to the Bush Depression. As if we needed one last legacy of his and his father's.

the tide always goes out - guess it just won't come back in this time.

Fasten your seatbelts. This is going global fast.

eom

I'd lead you to the book you should read but you'd be too depressed.