Fasten your seat belts...it's going to be a bumpy ride on Wall Street again...

[regnaD kciN]

So far, today (and, thus, this week), stock markets from the Far East to Europe have plunged 4%-5% or more. (Russia's is down 8.8%.)

The Dow futures are already down over 200 points, hours before the market opens.

Last Monday, the market dropped 778 points for its largest point drop ever. A record to be broken a week later? Probably not, but I wonder what psychological panic might follow the Dow dropping below 10,000 -- which seems highly likely today. :shrug:

But it does seem to be an unpropitious time for McCain to attempt to "turn the page" away from the economy toward personal smears.

[MadBadger]

1. ITs going to backfire.

He's going to look desperate.

[bluestateguy]

2. They ought to just shut the NYSE down for a few weeks

Give everyone a chance to calm down, and tell these scumbag speculators to go get laid or something.

[regnaD kciN]

7. Not possible these days...

...with overnight trading, they could shut down the market for a few months, and the DJIA, etc. would continue to rise or fall as it would with the market open. It would only mean a vast hassle processing all the buy and sell orders the day the NYSE finally reopened.

[truthisfreedom]

3. When the markets open again, sell all positions and maintain cash only.

[fasttense]

4. Well, that $700 billion sure worked its magic.

Look how the stock market is doing so well after that injection of $700 billion of tax payers' money.

:sarcasm:

We could have had the exact same results and NOT have thrown away $700 billion of borrowed taxpayers' money. But I guess that's just not the McCain/Palin/bush way. They have got to throw our money at every problem, even if it solves absolutely nothing.

[regnaD kciN]

6. Actually, I think the bailout...

...(which, BTW, is $350b without further Congressional approval, not $700b) will have a positive effect on the liquidity crisis, which could have put us into a deep depression. But the "credit crunch" isn't the only problem we have, and I see nothing to suggest that we aren't heading into a recession more serious than the one in 1991-92 that led to the last time voters threw the Republicans out of the White House.

On the bright side, I'd rather have the recession begin now rather than early next year, so the G.O.P. can't claim "it's all Obama's fault."

[Waiting For Everyman]

5. Is it possible that the market is simply overpriced?

More of the bubble syndrome? :shrug:

[regnaD kciN]

8. Is it possible the Pope is Catholic...?

:evilgrin: