Dow closed at +196, futures now down over 100

[Godhumor]

This will be an interesting wake-up.

Edit: I screwed up initially looking at the after-hours trading page and originally quoted Thursday's close number. That's why some posts might not match the OP now.

[orwell]

1. Dow Futures down 145 on Bloomberg...n/t

[vaberella]

3. I just saw ala bloomberg Dow -141. JPMorgan buying WaMu might work as a boost. n/t

[MidwestTransplant]

12. WAMU was taken over by the Feds. then JP Chase bought it.

[vaberella]

13. Yeah I know. But Chase bought it in the end...n/t

[MidwestTransplant]

15. Right but if it were an acquisition it may have helped the market. They just

bought the assets from the Feds.

[Critters2]

2. +196 was Thursday's close. It looks to me like the pre-market future, at 2:16 EDT

is -148. Am I missing something?

http://money.cnn.com/data/premarket/index.html

[Godhumor]

4. Nope I'm an idiot

Looked at the after hours close instead of pre-market on refresh.

[Critters2]

7. An easy mistake to make.

I admire your optimism! :hi:

[vaberella]

6. Yeah. WaMu collapsed late last night. Asian stockholders sold it like bandits.

To get some sort of penny from it. So that's what you're seeing. But it will later bounce up again.

[Critters2]

9. I hadn't realized the Asian markets' role. Interesting.

Thanks!

[vaberella]

14. Yeah they own a lot of our debt. When we sleep they run, when we run, they sleep.

The market works that way. It's basically resting for an hour where ntohing moves or something and then it starts back up again. And Asian investors have stock ini banks. If Citigroup went bankrupt, which might never happen because it's owned predominantly by Saudis. Plus Asian markets own our debt. Like if you have a loan, it could be moved to an Asian loan company. They buy our debt to keep our money circulating.

[TahitiNut]

5. Dow Jones -141.00 10877.00

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

S&P500 and NASDAQ both down, too.

[Double T]

8. A session turn around is meaningless, it is still a long way to the bottom.

Another large bank just failed; euphoria is completely insane.

[Art_from_Ark]

10. Deleted

after OP was revised

[depakid]

11. In case anyone's interested- I still have small WAMU account from the old days

and used the debit card to get- LOL a strawberry popsicle at 11:30 PDT.

It still works.

Just sayin'