MSNBCTV: Stock Market was open for like 2 minutes and dropped 150 points

redirish28

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Thu Mar-01-07 09:36 AM
Original message

MSNBCTV: Stock Market was open for like 2 minutes and dropped 150 points

What is going on. Gas Going up stocks going down... Depression?

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phantom power

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Thu Mar-01-07 09:37 AM
Response to Original message

1. Boo!

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Ninja Jordan

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Thu Mar-01-07 09:37 AM
Response to Original message

2. Did they actually say "like"?

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PLF

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Thu Mar-01-07 09:39 AM
Response to Reply #2

3. I think the exact quote was "Whoa! Dude! WTF!!"

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muriel_volestrangler

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Thu Mar-01-07 09:47 AM
Response to Reply #3

8. Maybe it was "take your kids to work day"?

"The world stock markets have lost $250 billion in the past 3 days. Whatever. I bet they haven't shaved their heads. That's when you know they've really lost it."

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Sammy Pepys

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Thu Mar-01-07 09:40 AM
Response to Original message

4. I think we have to have a big time fall....

...to start talking Depression...and even then it's unlikely.

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rock

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Thu Mar-01-07 09:41 AM
Response to Original message

5. Now about that good news coming out of Iraq...

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SpiralHawk

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Thu Mar-01-07 09:42 AM
Response to Original message

6. "Don't worry. Me and my republicon cronies are doing great." - Commander AWOL

Edited on Thu Mar-01-07 09:43 AM by SpiralHawk

"Smirk, smirk, smirk." - Commander AWOL

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AlCzervik

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Thu Mar-01-07 09:42 AM
Response to Original message

7. right now it's down about 158 points, did they suspend trading for a bit?

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Teaser

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Thu Mar-01-07 09:49 AM
Response to Original message

9. Depressions are unlikely

given structural constraints. But is a recession close? Very likely.

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mnhtnbb

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Thu Mar-01-07 09:50 AM
Response to Original message

10. Reuters is reporting that they think the carry trade is unwinding.

See link for definition of carry trade

http://financial-dictionary.thefreedictionary.com/Carry+Trade

and see link for Reuters

http://biz.yahoo.com/rb/070301/markets_stocks.html?.v=7

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MGD

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Thu Mar-01-07 09:57 AM
Response to Original message

11. I have always contended that you would usually be better off putting your money into a slot machine

than into the stock market. This is why. This might not be a depression but there are a lot of depressed people right now, I guarantee you.

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Lucky Luciano

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Thu Mar-01-07 05:10 PM
Response to Reply #11

13. errrr...you may want to rethink that statement

I am sure you would not be comfortable shorting the market either.

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MGD

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Thu Mar-01-07 08:13 PM
Response to Reply #13

14. When one invests in the market, one parters themselves with the likes of Ken lay

Dennis Koslowski, and Bernard Ebbers and a host of other treacherous criminals. I have no intention of handing my hard earned money over to these traitors and thieves, no intention what-so-ever. If you wish to marry yourself to them, be my guest. Furthermore, to be truthful, I have little intention of ever putting so much as a dime into a slot machine either. It was a joke designed to illustrate a point.

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Laughing Mirror

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Thu Mar-01-07 10:26 AM
Response to Original message

12. Oh just another computer glitch

All is well in corporate headquarters.

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aint_no_life_nowhere

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Thu Mar-01-07 08:21 PM
Response to Original message

15. Major insider trading bust today involving investment firms Morgan Stanley & UBS

and two major Wall Street lawyers. That might shake investor confidence in the fairness and integrity of the market. That is, if CNN reports the news, but they probably will give this insider trading bust about 15 seconds of news coverage.

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Lucky Luciano

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Fri Mar-02-07 01:52 PM
Response to Reply #15

16. I know a bit about this - 15 seconds of news coverage is about right

First the lawyers were not "Major." They worked in the compliance department - which means they get no respect. Traders get respect. Secondly, the profits generated by the scheme were on the order of $15M between all involved - that is really peanuts WallStreetWise. The UBS guy is fucked - he will go to jail. This is nowhere near Ken Lay/Bernie Ebbers - that was several orders of magnitude bigger.

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