US economy going down? Will it recover? - THE US Financial Crisis.

[kalawkaw23]

---

i've heard this is a part 2 of the great depression.. hopefully di ni sya artificially manipulated by the high powered people in the US... pero kita in the philippines continue living lang..

[EZRA]

We are now feeling the failure of the bailout. Monday's historic rally got thoroughly erased (well, almost) in just 2 days. Vix is still up, LIBOR is still up (although not as high as last week). Paulson is having problems coaxing the banks to use the taxpayers money the way they're intended to be. Banks may not lend the money out and unfreeze (defrost - he he he) credit. I'm wondering what the banks are gonna do with the money ... buy treasuries the people are being played!!

I shoulda been a banker - instead of going to prison, they give us billions.

[brad]

i wonder whats gonna happen tommorow today was crazy in the last hours.

im 20% in the market. 80 % is out.

i hope they will fix this asap cause i wanna go back in.

[EZRA]

I did good today. Reached my SPY puts and took it out this afternoon. DOW and S&P500 went nuts right after the Bernanke speech. SRS was craaaazy!!!!

[mitch_anne]

very interesting topics i wish other would give us more info

[omad]

Dow takes another hit... tsk. tsk. tsk.
--------------------------------------------------------------------------------------------
Dow falls 514 as global worries grow

Oil falls below $67 a barrel, and the Dow drops more than 500 points on weak earnings and worries that business globally is weakening. Amazon.com results disappoint. Wachovia loses nearly $24 billion. Apple shares jump, despite a tepid forecast. Yahoo and Merck announce job cuts.

By Charley Blaine and Elizabeth Strott

Stocks plunged today as investor worries grew that economies around the world are weakening rapidly. The sell-off also pushed crude oil to levels not seen in more than a year. Copper fell below $2 for the first time since November 2005.

The Dow Jones industrials were down 514 points, or 5.7%, to 8,519. The Standard & Poor's 500 Index was down 58 points, or 6.1%, to 897, and the Nasdaq Composite Index was down 81 points, or 4.8%, to 1,616.

The S&P and Nasdaq both closed below their Oct. 10 closes, a signal of that more stress may be ahead. If there was good news in the S&P 500 close, it was that the index nearly came back to its Oct. 10 close of 899.22.

Market Dispatches - MSN Money

[Rance]

For me this is Good news bai OMAD hehe

[EZRA]

Pero bounce ugma.... as usual. Unless more bad news sa earnings report.
Ang car manufacturers luoy kaayo... Ang FORD paita, hasta Warren Buffet pilde sa ford, ni sulod sya around 9/share, nigawas siya gahapon man tingali to at 2/share. Pilde!!

[Dorothea]

Oil being cheaper is a good thing, but news of more and more companies cutting jobs, every single day another company falls victim to "hard times", I'm freaked out! Crazy times...haaayyy...

[EZRA]

Bloomberg.com: Worldwide

-- Govt bails banks with taxpayers money - trusting the bank to lend out the money ... NOW - banks decides to hoard the bailout cash instead. 125 Billion giveaway!!!!

Paulson is so set on keeping bankers in their Mansions and Ferraris...... GREAT JOB BUSH, PAULSON, BERNANKE, SENATE, AND CONGRESS!!