Is it too soon to say Crash yet? - Democratic Underground

Junkdrawer

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Thu Oct-09-08 03:27 PM
Original message

Is it too soon to say Crash yet?

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spanone

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Thu Oct-09-08 03:28 PM
Response to Original message

1. no

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elocs

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Thu Oct-09-08 03:28 PM
Response to Original message

2. yes

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tekisui

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Thu Oct-09-08 03:29 PM
Response to Original message

3. It has been a managed crash.

300-400 points a day. Rather than 1000 at once.

Not that it is any better in the ling run.....

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Neecy

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Thu Oct-09-08 03:29 PM
Response to Original message

4. maybe

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AlCzervik

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Thu Oct-09-08 03:29 PM
Response to Original message

5. The Bloomberg channel called it "A bloodbath" and that's the good $ channel, not the

flashy graphics and bells and whistles $ channel.

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begin_within

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Thu Oct-09-08 03:29 PM
Response to Original message

6. crash crash crash crash crash crash crash crash crash crash crash crash crash crash crash crash

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lapfog_1

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Thu Oct-09-08 03:30 PM
Response to Original message

7. Are you kidding?

40% off of the all time high of 14,164 in exactly 1 year.

Possibly worse than 1929 (since we don't know if we have hit bottom yet).

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Junkdrawer

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Thu Oct-09-08 03:33 PM
Response to Reply #7

11. It's dead, Jim....Too bad we spend all our money on a "cure"...

Edited on Thu Oct-09-08 03:37 PM by Junkdrawer

that won't fix squat.

You restore trust with honesty, not by windfalls for liars...

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yourout

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Thu Oct-09-08 03:30 PM
Response to Original message

8. kind of like rolling down an embankment.

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Davis_X_Machina

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Thu Oct-09-08 03:32 PM
Response to Original message

9. At -40% it's only a slightly-more-hungry...

...than usual bear. The average is about 35%.

The Nixon bear was ca. 55%

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malaise

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Thu Oct-09-08 03:33 PM
Response to Original message

10. Heard them say on GEM$NBC that this was the

Edited on Thu Oct-09-08 03:37 PM by malaise

worst percentage loss in a day this year? Is that true?

add.

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doublethink

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Thu Oct-09-08 03:35 PM
Response to Original message

12. Both in October too ......

http://upload.wikimedia.org/wikipedia/commons/c/c5/1929_wall_street_crash_graph.svg

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DJ13

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Thu Oct-09-08 03:37 PM
Response to Original message

13. Yes its too soon

Take a look at the circuit breakers listed on the NYSE website to see what they consider a crash.

Like 10% fall in an hour, 33% in a day, in order to trigger market halts.

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Junkdrawer

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Thu Oct-09-08 03:40 PM
Response to Reply #13

14. Almost like someone who knew what they were doing killed the markets...

as fast as they could without tripping alarms.

:tinfoilhat:

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4 t 4

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Thu Oct-09-08 03:44 PM
Response to Reply #13

15. The first circuit breaker now on any give day is 1100 pts. n/t

Edited on Thu Oct-09-08 03:45 PM by on the EDGE

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nadinbrzezinski

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Thu Oct-09-08 03:46 PM
Response to Original message

16. MSNBC did today

there you go

ears perked up... and they continue to use the language, with good reason

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slewfoot

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Thu Oct-09-08 03:47 PM
Response to Original message

17. Talking head on CNBC today uttered the words...CRASH!

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Purveyor

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Thu Oct-09-08 04:03 PM
Response to Reply #17

18. Indeed. They just described it as a 'cascading crash but a crash just the same'...eom

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dchill

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Thu Oct-09-08 04:05 PM
Response to Original message

19. No, but I think it might be getting close...

to the "floor."

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