Dow futures down over 450 pts.

DJIA INDEX 11,650.00 -456.00 12,130.00
S&P 500 1,270.10 -55.20 1,327.50
NASDAQ 100 1,779.75 -69.75 1,850.75

:scared:

edited to include link:
http://www.bloomberg.com/markets/stocks/futures.html

...and now it's down 514... :scared:

The bastard.

I REALLY hope you are investing in the stock market. If you lose all your money in the stock market, your social security check will be the least of your concerns. Invest for a 20 year, 30 year, 40 year or indefinite (as is the case is social security) and you WILL earn MUCH more that 4-5% per year.

.. your dumbass talking point is simply wrong, and nobody has a fucking 40 year investment horizon.

even after recent decline. In other words stock market returned
average of 20% over last 4 years.

Surely stocks never move in a straight line. But over the long
run stocks have returned 8 percent each year for 50 years vs.
1.5% return on your social security taxes paid.

.. that is BULLSHIT.

do some easy surfing.

Over 50 years average returns from stock market are aprox TWICE
the loss of purchasing power due to inflation.

OTOH if you take your return from current social security based
on your lifetime contributions + your employers matching contributions,
you are far behind inflation.

But social security does have one benefit the stock market does not have.
Disability benefit and dependent benefit if you die early.

And make everything better. You know, a little Mickey Rooney and Judy Garland song and dance thing. It worked before it could work again!

Thanks. That made me laugh. We always say that in our family when the money runs out.

Trades done after hours when the markets are officially closed.

Perhaps someone else in here can explain them better than I can.

Edit for definition found online: A market for exchange (of currencies, in the case of the exchange market) in the future. That is, participants contract to exchange currencies, not today, but at a specified calendar date in the future, and at a price (exchange rate) that is agreed upon today.

If you are a good poker player (and I know a couple that make a living playing) and you know who you are playing against.....


My Favorite Master Artist: Karen Parker GhostWoman Studios

I thought it was a federal holiday. :shrug:

Apparently not...

But the money doesn't stop moving. World market are open today and future markets are always trading. Major world markets took a 5% hit today.

Tuesday is going to be a big down. This will be interesting.

I have to keep reminding myself we are not the only player in the world. I feel silly.

Treasury Inflation Protected Securities weather this sort of thing, yah? :shrug:

when all is said and done. Just guessin. :shrug:

The last big drop occurred over the Labor Day and now MLK. It's no accident, it's deliberate and Bush is behind this deliberate crash. Once the dust settles, you're going to see private money from around the world buying up the best public companies in the US. Unless we protest (in the streets) now, this signals the end of the middle class and Democracy as we know it. The end of unions, the end of SS, the end of public education, the end of workers rights, the end of your children's future.

Source: New York Times

FRANKFURT — Fears that the United States is in a recession reverberated around the world on Monday, sending stock markets from Frankfurt to Bombay into a tailspin and puncturing the hopes of many investors that Europe and Asia will be able to sidestep an American downturn.

On a day when United States markets were closed in observance of Martin Luther King’s Birthday, the world’s eyes were trained nervously on the United States. Investors reacted with what many analysts described as panic to the multiplying signs of weakness in the American economy. . .

. . .“There is indeed some panic,” said Thomas Mayer, the chief European economist at Deutsche Bank in London. “What we’re seeing, in Europe and Asia, is that the markets are pricing in a recession.”

The sell-off was evenly distributed from West to East, with indexes plunging in London, Paris, Frankfurt, Tokyo, Hong Kong, Seoul and Bombay. The Frankfurt Stock Exchange’s Dax index plummeted 7.2 percent, its steepest one-day decline since Sept. 11, 2001. The 7.4 percent drop in Bombay’s Sensex index was the second-worst single-day tumble in its history.


http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x3149869

There's nothing to fear. We be broke. All of the decent paying jobs went to China and India.

...and Cleveland

when the market begins falling like that?It's not infinite,right?

Circuit Breakers, Curbs, and Other Trading Restrictions

NYSE Circuit Breakers
These restrictions are also known as "Rule 80B." The first version of this rule, adopted in 1988, set triggers at 250 DJIA points and 400 DJIA points. These restrictions are updated quarterly to reflect the heights to which the Dow Jones Industrial Average has climbed.

* 10% decline (950 points for 3Q02)
The first circuit breaker is triggered if the DJIA declines by approximately 10%. The restrictions that are put into place -- if any -- depend on the time of day when the circuit breaker is triggered. If the trigger occurs before 2pm Eastern time, trading is halted for 1 hour. If the trigger occurs between 2 and 2:30pm Eastern, trading is halted for 30 minutes. If the trigger occurs after 2:30pm Eastern time, no restrictions are put into place. (This restriction was first used during the afternoon of 27 Oct 97.) Note that there is no similar restriction to the upside; nothing is done if the Dow rallies 10%.

* 20% decline (1900 DJIA points for 3Q02)
The second circuit breaker is triggered if the DJIA declines by approximately 20%. The restrictions that are put into place again depend on the time of day when the circuit breaker is triggered. If the trigger occurs before 1pm Eastern time, trading is halted for 2 hours. If the trigger occurs between 1 and 2pm Eastern, trading is halted for 1 hour. If the trigger occurs after 2pm Eastern time, the NYSE ends trading for the day. Again there is no similar restriction to the upside; nothing is done if the Dow rallies 20%.

* 30% decline (2850 DJIA points for 3Q02)
The third circuit breaker is triggered if the DJIA declines by approximately 30%. The restriction is very simple: the NYSE closes early that day. And like the other cases, again no restrictions are imposed if the Dow rallies 30%.

The circuit breakers cut off the automated program trading initiated by the big brokerage houses. The big boys have their computers directly connected to the trading floor on the stock exchanges, and hence can program their computers to place direct huge buy/sell orders that are executed in a blink. This automated connection allows them to short-cut the individual investors who must go thru the brokers and the specialists on the stock exchange.

http://invest-faq.com/articles/exch-circuit-brkr.html