DOW Down 250 Points. Is There a Bottom Anytime Soon?

If GM goes bankrupt in 2009 -- 'not good for the USA' will be the understatement of the year.

 

There is no chance that GM goes bankrupt. The UAW will have to cave in or they might lose everything.

 

no.......what admin did the glass steagall act end under? tell me the admin and significance. the repeal of this act was just another contributing factor.

also, when did the creative financing begin? i think it was under clinton. i can't really find any exact timeline does anyone know for sure?


and to the market...who knows...today has been completely insane.

 

it's a half day so the moves get very exaggerated. the commodity stocks have been insane. i made a good amount catching the bottom in them but who knows where they are going for now.

 

I was being "antagonistic" . Both sides are fiscally r****ded.

And the market is just plain nasty. I go up, I go down. Then down some more. Then up. Then down, down, down. Blegh.

 

lol...IT'S A TRAP!

 

those who do not study history are doomed to repeat it

 

nah leh is in trouble. if it hits 30 without any MAJOR fundamental changes then there will be big selling. either way nice bounce trade.

 

While I do not generally like Jon Markman's columns, I read them occassionally. His article today caught me by surprise since he says the same thing I said.

 

not setting up well for tomorrow....

china down about 3.5% going into the afternoon session.

some rumors now that lehman commercial lending is shutting it's doors. can't really get any good confirmation yet but it wouldn't be something completely off the wall.

 

a weak asia can lead to a weak europe which can obviously lead to some early weakness with us. it won't dictate the entire trading day but it certainly isn't a major catalyst to buy if china stays down 3.5% in a day. it's just another thing to look at when you are trying to figure out why the market is moving.

 

man, another 236 today, the less value it has, the more impact these 200 drops have,

 

foreign markets react to US markets more often than vice versa, at least from my tracking. Asia rose on 7-9. I bet you a kazillion it will show a major retreat in a few hours when they open.