OMG! Dow futures are just crashing - Democratic Underground

thewiseguy

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Thu Dec-11-08 11:01 PM
Original message

OMG! Dow futures are just crashing

Down -364 points already.

Black friday tomorrow? :cry:

http://money.cnn.com/data/afterhours/

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seemslikeadream

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Thu Dec-11-08 11:02 PM
Response to Original message

1. yep

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economicgeography

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Thu Dec-11-08 11:04 PM
Response to Reply #1

6. Doesn't surprise me

Investors were expecting a return on GM.

It doesn't matter to investors whether the money comes from the government or consumers, they were just waiting to see if they'd get money.

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Trajan

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Thu Dec-11-08 11:03 PM
Response to Original message

2. What exactly is the reason this time ?

Unemployment numbers ?

They already knew this freight train was coming down the track ....

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NMDemDist2

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Thu Dec-11-08 11:03 PM
Response to Reply #2

4. see my reply #3 nt

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NMDemDist2

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Thu Dec-11-08 11:03 PM
Response to Original message

3. yup, they're watching the Senate Repukes kill the American Consumer

they are right to bail IMO

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Xipe Totec

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Thu Dec-11-08 11:10 PM
Response to Reply #3

12. Pugs always shoot themselves in the foot

but, usually, they don't have their foot in their mouth when they do it...

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me b zola

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Fri Dec-12-08 02:17 AM
Response to Reply #3

81. Death of the worker=death of the consumer=death of the economy

I'm beyond sick of people who continue to vote for and support union busting, blue-collar hating republicans.

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MichiganVote

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Thu Dec-11-08 11:03 PM
Response to Original message

5. Thank you senate republicans---you have finally brought about total US employment disaster.

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HCE SuiGeneris

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Thu Dec-11-08 11:04 PM
Response to Original message

7. Asia looking grim...

http://finance.yahoo.com/intlindices?e=asia

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Skink

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Thu Dec-11-08 11:06 PM
Response to Original message

8. The retail season started nicely but has dropped significantly.

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Trajan

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Thu Dec-11-08 11:06 PM
Response to Original message

9. They might as well wait until January .....

This last stand of the GOP idiots is about to come to an end ....

Hopefully the workers can last until then ....

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Idealism

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Thu Dec-11-08 11:11 PM
Response to Reply #9

13. GM won't last until January 20th my friend

They've already hired bankruptcy advisors :(

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blue_onyx

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Thu Dec-11-08 11:49 PM
Response to Reply #13

26. I wouldn't be surprised if they announced bankruptcy tomorrow.

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Idealism

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Thu Dec-11-08 11:53 PM
Response to Reply #26

33. They probably will hold off until either these things happen

A Senate reconsideration of the Bill fails

and

Bush refuses to tap into TARP funds as a bridge loan till Obama gets into office

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w4rma

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Fri Dec-12-08 03:30 AM
Response to Reply #13

82. They only need to last until Jaunary 3rd, when there is a new Senate. (nt)

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Better Believe It

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Thu Dec-11-08 11:54 PM
Response to Reply #9

34. Republicans Last Stand? Hardly. They Will Filibuster The New Senate!

At least that the excuse we will hear for Senate inaction. Will Reid actually challenge them to filibuster?

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Trajan

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Fri Dec-12-08 02:14 AM
Response to Reply #34

80. I think it is more likely that two GOP Senators will cross the aisle ...

Than a dejected losing party form a hard and absolutely unified front against a newly powerful and popular government trying to turn around a disastrous race into the abyss ....

I dont think they will be successful in many filibuster efforts .... They are emasculated ....

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Jennicut

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Thu Dec-11-08 11:06 PM
Response to Original message

10. Not good, any economist will say 2 to 3 million jobs possibly lost is not a good thing

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taught_me_patience

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Fri Dec-12-08 02:04 AM
Response to Reply #10

78. The odds of this happening are 0.1%

There is more chance of you getting struck down by lightning.

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taught_me_patience

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Fri Dec-12-08 02:04 AM
Response to Reply #10

79. The odds of this happening are 0.1%

There is more chance of you getting struck down by lightning.

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economicgeography

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Thu Dec-11-08 11:07 PM
Response to Original message

11. If I were betting on free money from the government

and found out I wouldn't be getting it, then yea, I'd sell off too.

The only reason they were holding the stock was to wait and see if they could get a return - not through GM revenues but from the taxpayers.

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stillcool

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Thu Dec-11-08 11:14 PM
Response to Reply #11

16. How about if you were betting on American workers..

having a job? How does that fit into your return thing? How does anyone make any money if jobs are so scarce? Is your job situation secure?

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Name removed

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Thu Dec-11-08 11:25 PM
Response to Reply #16

20. Deleted message

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Ikonoklast

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Thu Dec-11-08 11:46 PM
Response to Reply #20

23. If you think you will be exempt from a deflationary spiral

I want some of what you're smoking.

Good luck with the great employment prospects, though. Nice to see someone doing well.

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Name removed

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Thu Dec-11-08 11:51 PM
Response to Reply #23

28. Deleted message

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Ikonoklast

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Thu Dec-11-08 11:52 PM
Response to Reply #28

32. That's today.

Tomorrow is another day.

Bet on things changing. Because they will.

By the way, enjoy your stay.

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Name removed

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Thu Dec-11-08 11:55 PM
Response to Reply #32

35. Deleted message

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Ikonoklast

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Thu Dec-11-08 11:58 PM
Response to Reply #35

39. Really. You just said all I need to know about you.

'Manufacturing goons'.

Fuck off.

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Name removed

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Thu Dec-11-08 11:59 PM
Response to Reply #39

40. Deleted message

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Ikonoklast

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Fri Dec-12-08 12:02 AM
Response to Reply #40

42. I'm self-employed. I own my own business.

I don't have to answer to a boss.

Like you do.

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Name removed

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Fri Dec-12-08 12:03 AM
Response to Reply #42

43. Deleted message

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Hanse

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Fri Dec-12-08 12:06 AM
Response to Reply #43

45. But with all of the johns out of work, how will your mom bring home money?

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Name removed

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Fri Dec-12-08 12:07 AM
Response to Reply #45

46. Deleted message

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Hanse

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Fri Dec-12-08 12:11 AM
Response to Reply #46

48. "internet tough guy"

...says the failchaner talking shit about grownups with real jobs.

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Ikonoklast

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Fri Dec-12-08 12:08 AM
Response to Reply #43

47. "Union goons". Really.

I'd like to introduce you to a few people I know, to discuss with them how you feel about 'union goons'.

But, you are safe behind a keyboard. Better stay there, Skippy.

Enjoy your stay.

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Name removed

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Fri Dec-12-08 12:12 AM
Response to Reply #47

50. Deleted message

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Ikonoklast

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Fri Dec-12-08 12:22 AM
Response to Reply #50

56. Union men and women died for your labor rights.

Whether you realize it or not, you benefit from every labor contract ever negotiated.

Your ignorance of Labor history is sadly apparent.

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AngryOldDem

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Fri Dec-12-08 12:14 AM
Response to Reply #43

51. Paging Marie Antoinette: Your cake is ready. n/t

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Waiting For Everyman

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Fri Dec-12-08 12:50 AM
Response to Reply #40

71. You may be both sooner than you think.

But then, you probably think you'll be the one molecule of water in the bathtub that doesn't get swept down the drain? Sure.

Everybody in the waves of losses before this thought they were immune too. But you seem like one of those "self-made" people who knows it all, so live it up while you can.

And I'll bet your so-called skills are quite worthless to anything actually productive (unlike those "manufacture goons"). Just a hunch.

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TahitiNut

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Fri Dec-12-08 12:19 AM
Response to Reply #35

54. Those "manufacturing goons" are taxpayers ... and pay your salary.

You say you have "skills"?? Well, as a hiring manager for much of my later career, I can say you wouldn't work for me with that attitude.

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Name removed

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Fri Dec-12-08 12:22 AM
Response to Reply #54

57. Deleted message

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CreekDog

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Fri Dec-12-08 12:21 AM
Response to Reply #28

55. do you expect to keep it when the economy tanks more?

and tax revenues take another dip?

and real estate dives some more?

we are all in this together. my future is tied up with the futures of those autoworkers in the midwest even though i'm a geographer in California (but not an economic geographer, egads. they didn't respect us physical geographers anyway).

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stillcool

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Thu Dec-11-08 11:51 PM
Response to Reply #20

30. First of all, it wasn't 'free' money from the government..

it was a loan. Of course the market is going to tank if a major industry in this country goes down the tubes. I'm sure GM will be fine in the other 34 countries they are located. Maybe Americans can go there and work. What corporation do you work for, and where are they hiring?

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TahitiNut

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Fri Dec-12-08 12:38 AM
Response to Reply #11

61. RIP, asshole.

:hi:

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Ikonoklast

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Fri Dec-12-08 12:43 AM
Response to Reply #61

69. Thanks for the help.

Enough rope, etc.

Wonder what he'll say to his wonderful boss when he's asked by him to train his H1-b replacement?

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w4rma

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Fri Dec-12-08 03:32 AM
Response to Reply #11

83. That's probably correct. (nt)

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JimWis

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Thu Dec-11-08 11:11 PM
Response to Original message

14. Well, just now on C-Span. The auto loan didn't pass. There goes

my IRA in the shitter again. It was going up during the auto hearings when it looked like it might pass. Now it's going down. So that must be the major factor.

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TheFarseer

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Thu Dec-11-08 11:12 PM
Response to Original message

15. damn

just when my account values were climbing back to respectable, and me with no free money to go bargain hunting.

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Edgewater_Joe

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Thu Dec-11-08 11:15 PM
Response to Original message

17. But McConnell and Corker are Whacking Off On It!

What's 3 million jobs to these bastards?

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liberalmuse

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Thu Dec-11-08 11:18 PM
Response to Original message

18. This is the last nail in the Republican coffin.

Really. If they kill this, the repercussions are going to be enormous. I'm so upset about this. This will be the fucking cherry on top of the Republican shit pie.

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AngryOldDem

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Thu Dec-11-08 11:22 PM
Response to Reply #18

19. Bush might reconsider using the financial bailout funds...

Edited on Thu Dec-11-08 11:24 PM by AngryOldDem

...to help the auto industry, even though up until now the White House has been against it.

But lest anyone think it's because he's afraid of tens of thousands losing their jobs...no, it's to polish whatever is left of the sorry, fly-blown turd that is his administration. Just doesn't want to go out knowing he's finally killed off the American economy.

ON EDIT: Are any economic reports due out tomorrow morning? If so, fasten the seat belts.

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Zynx

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Thu Dec-11-08 11:47 PM
Response to Reply #19

24. There's a biggie. Retail sales for November.

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amandabeech

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Thu Dec-11-08 11:51 PM
Response to Reply #19

29. Yes, that is possible. I'm not holding my breath, though.

If the markets totally tank tomorrow and stay down, Shrub may feel the need to bail out his buddies.

Hank Paulson might feel the same way, unless Goldman is shorting everything in sight.

Dollar tanking, too. Yen under 90 and Euro at 133.

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AngryOldDem

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Fri Dec-12-08 12:03 AM
Response to Reply #29

44. What gets me is...

...the auto industry, which produced a plan, is paying the price for the financial bailout, which gave money to people who HAD NO PLAN, and furthermore, are still partying like it's 1999. (See AIG thread in LBN.)

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Newsjock

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Thu Dec-11-08 11:39 PM
Response to Original message

21. Possible 'lock limit down' is approaching

The S&P futures are off 44, and tonight's limit is about 56.8 points (6.5%).

Dow futures stop trading at 550 points in either direction.

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xchrom

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Thu Dec-11-08 11:50 PM
Response to Reply #21

27. s&p futures are off that much?

that smug asshat up-top may be singing a very different tune in a little while.

it's not easy for the s&p to recover -- they grow slower and are more reliable indicators of the health of the economy.

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nc4bo

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Thu Dec-11-08 11:44 PM
Response to Original message

22. Gawd. Have you seen the Asian markets yet? Hang Seng -1,083.01.

Edited on Thu Dec-11-08 11:45 PM by nc4bo

Everything's down.......

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rvablue

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Thu Dec-11-08 11:52 PM
Response to Reply #22

31. BUT WHAT DOES IT MEAN??? We're not on a financial board

would you mind expressing your concerns rather than just posting a number that those in the know already get.

I just saw this on C-SpAN II a half hour ago and I don't know what to think??

I'm scared.

Don't put up any more "do you see what the Asian markets are doing" post without explaining it and providing some context....THEY ARE USELESS!!!!!

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nc4bo

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Thu Dec-11-08 11:57 PM
Response to Reply #31

37. Board police? Wow. We should be freakin' worried but better than that

start planning for whatever happens in the future of this global economy.

I want to know :wtf: is going on. I want to face it head on and not stick my head in the sand and be shocked and awed.

Bring it on so I and my family can be prepared.

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Wednesdays

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Fri Dec-12-08 12:11 AM
Response to Reply #37

49. Bored police?

http://images.google.com/images?as_q=&um=1&hl=en&btnG=Google+Search&as_epq=bored+police&as_oq=&as_eq=&imgtype=&imgsz=&as_filetype=&imgc=&as_sitesearch=&safe=off&as_st=y

:evilgrin:

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nc4bo

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Fri Dec-12-08 12:16 AM
Response to Reply #49

52. oh shucks - ok bored police it is but what about bored police horses?

#18330 looks very bored too.

:hi:

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rvablue

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Fri Dec-12-08 12:41 AM
Response to Reply #37

66. Geeze Louise! I'm not being the board police, I was reaching out for answers

this thing has me freaked out!

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Ichingcarpenter

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Thu Dec-11-08 11:57 PM
Response to Reply #31

38. It means the US stock market will lose a lot tomorrow

the DOW futures are already down 500. Gonna be a bleak day on the
markets tomorrow.

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rvablue

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Fri Dec-12-08 12:42 AM
Response to Reply #38

67. Thank you IC, I appreciate the information and opinion...I'm no market/economic guru....

:hi:

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girl gone mad

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Fri Dec-12-08 12:17 AM
Response to Reply #22

53. Yen is rallying..

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TahitiNut

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Fri Dec-12-08 12:25 AM
Response to Reply #53

58. Against the dollar ... of course it is.

Edited on Fri Dec-12-08 12:27 AM by TahitiNut

:shrug: The dollar isn't worth shit unless it can buy something in the U.S. In the final analysis, currencies only have value to the degree that the country can PRODUCE goods worth buying ... or have natural resources (like oil) that can be pillaged.

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slipslidingaway

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Thu Dec-11-08 11:48 PM
Response to Original message

25. Madoff Charged With Securities Fraud

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3641508&mesg_id=3641508

http://www.bloomberg.com/apps/news?pid=20601087&sid=a8EVy7KVpBaA&refer=home

"...Madoff faces as much as 20 years in prison and a $5 million fine if convicted. His New York-based firm was the 23rd largest market maker on Nasdaq in October, handling a daily average of about 50 million shares a day, exchange data show. It specialized in handling orders from online brokers in some of the largest U.S. companies, including General Electric Co. and Citigroup Inc..."

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MazeRat7

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Thu Dec-11-08 11:57 PM
Response to Original message

36. Yeah. tomorrow is going to suck. At some point I won't have anymore money to lose. n/t

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madrchsod

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Thu Dec-11-08 11:59 PM
Response to Original message

41. it`s going to crash tomorrow while aig gets their bonuses

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Dragonfli

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Fri Dec-12-08 12:40 AM
Response to Reply #41

63. Irony?

Transfer of wealth?
Take your pick.

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readmoreoften

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Fri Dec-12-08 12:33 AM
Response to Original message

59. It'll probably mysteriously go up like it did the other day when they announced the recession.

The market in the US is batshit stoopid right now. If Wall Street is Dow 20K and Main Street is 10% unemployment adjusted and the dollar is .50 on the yen... who gives a rat butt about the market's magical yo-yo hand.

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Adsos Letter

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Fri Dec-12-08 12:36 AM
Response to Original message

60. Pizza has been delivered...I say again...

Pizza has been delivered.

End of mission.

Out.

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TahitiNut

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Fri Dec-12-08 12:39 AM
Response to Reply #60

62. Good riddance.

Despicable character.

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Adsos Letter

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Fri Dec-12-08 12:40 AM
Response to Reply #62

64. Copy that, Tango November...

... :patriot: ....

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The Magistrate

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Fri Dec-12-08 12:40 AM
Response to Reply #62

65. The Alerts Were Much Appreciated, Sir

My apologies for the delay.

"Kill one, warn one hundred."

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Adsos Letter

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Fri Dec-12-08 12:43 AM
Response to Reply #65

68. Indeed, Magistrate, Sir...

Edited on Fri Dec-12-08 12:44 AM by adsosletter

as we said in the cav... you are Toujours Pret... :D

EDIT: ACK!!! I forgot to capitalize the "s" in "Sir"... :scared:

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Elwood P Dowd

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Fri Dec-12-08 12:44 AM
Response to Reply #65

70. I wondered what took you guys so long.

He was disrupting the economics forum earlier.

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TahitiNut

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Fri Dec-12-08 12:51 AM
Response to Reply #65

72. I appreciate your fine service, sir. That one was pretty toxic ...

... and I'd call him a "neo-libertarian" or Ayn-Randian. It's difficult to see how anyone can be so myopic and arrogant.

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Adsos Letter

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Fri Dec-12-08 12:55 AM
Response to Reply #72

73. It just sounded like a bunch of baiting to me...

probably seeing how long he could last. :shrug:

Forgive my miltary lingo earlier TahitiNut... I blame it on a combo of whacked out blood sugar and immaturity...

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TahitiNut

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Fri Dec-12-08 12:58 AM
Response to Reply #73

74. No problemo. I'll answer to "Tango November" ...

... it's a lot better than "Alpha Hotel." :silly:

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Adsos Letter

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Fri Dec-12-08 01:04 AM
Response to Reply #74

76. Ah, you are a gentleman indeed...

and quite the stream-of-consciousness author, iirc. :hi:

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Adsos Letter

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Fri Dec-12-08 01:41 AM
Response to Reply #76

77. My apologies to all for throwing this thread off-topic...

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NMDemDist2

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Fri Dec-12-08 10:27 AM
Response to Reply #77

84. I was watching him in the Economics forum

this thread made me alert finally

glad the Mods delivered pizza

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Ikonoklast

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Fri Dec-12-08 01:02 AM
Response to Reply #65

75. They just can't stop from being what they are.

Eventually, teh stupid comes out.

Just another 4chan weenie trying to impress the adults.

Thank you for your attention to this matter, kind sir, and happy moderating.

:hi:

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