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Market positions are either converting to cash or going to fetal

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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 09:13 AM
Original message
Market positions are either converting to cash or going to fetal
Dow Jones Industrial Average
9,315.53 +57.43 / +0.62%

Oct 9 10:08am ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 9,261.37
YTD%Change: -29.77%
Volume: 54,391,389.00
Prev. Close: 9,258.10

http://money.cnn.com/data/markets/dow/
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EmeraldCityGrl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 09:18 AM
Response to Original message
1. What is "Fetal?"
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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 09:24 AM
Response to Reply #1
2. Pertaining to, or connected with, a fetus; as, fetal circulation; fetal membranes
Definitions of Fetal on the Web:

relating to an unborn animal
https://www.thepetmedsite.com/definition.htm

A suckling; also one that gives suck. More especially, an absorbent. As a young child, sleeping with a very old person, is robbed of its vitality. ...
www.angelfire.com/in2/oahspe3/glossary.html

tumors present during prenatal ultrasound exams, with or without maternal symptoms. SCTs found during routine exams tend to be small and partly or ...
www.bionity.com/lexikon/e/Sacrococcygeal_teratoma

of or relating to a fetus; "fetal development"
wordnet.princeton.edu/perl/webwn

A fetus (or foetus or fœtus) is a developing mammal or other viviparous vertebrate, after the embryonic stage and before birth. The plural is fetuses, or sometimes feti.
en.wikipedia.org/wiki/Fetal

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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 01:05 PM
Response to Original message
3. It appears to be another roller coater session today...
Edited on Thu Oct-09-08 01:36 PM by whistle
Dow Jones Industrial Average
9,181.00 -77.10 / -0.83%

Oct 9 2:01pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 9,045.76
YTD%Change: -30.79%
Volume: 194,957,183.00
Prev. Close: 9,258.10

..and seven minutes later:

Dow Jones Industrial Average
9,141.26 -116.84 / -1.26%

Oct 9 2:08pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 9,045.76
YTD%Change: -31.09%
Volume: 197,449,095.00
Prev. Close: 9,258.10

..and twenty-six minutes after that:

Dow Jones Industrial Average
9,089.17 -168.93 / -1.82%

Oct 9 2:34pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 9,045.76
YTD%Change: -31.48%
Volume: 209,302,831.00
Prev. Close: 9,258.10

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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:12 PM
Response to Reply #3
4. Dow heading below 9000...
Dow Jones Industrial Average
9,004.19 -253.91 / -2.74%

Oct 9 3:10pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 8,955.84
YTD%Change: -32.12%
Volume: 235,660,881.00
Prev. Close: 9,258.10

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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:15 PM
Response to Original message
5. It's now under 9000
Dow Jones Industrial Average
8,957.11 -300.99 / -3.25%

Oct 9 3:12pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 8,955.84
YTD%Change: -32.47%
Volume: 237,825,773.00
Prev. Close: 9,258.10

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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:16 PM
Response to Original message
6. White knuckle ride down again....
Dow Jones Industrial Average
8,922.07 -336.03 / -3.63%

Oct 9 3:13pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 8,921.99
YTD%Change: -32.74%
Volume: 239,114,149.00
Prev. Close: 9,258.10

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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:20 PM
Response to Original message
7. Retiree pace-maker alarms going off and blood pressure cuffs coming out...
Dow Jones Industrial Average
8,920.95 -337.15 / -3.64%

Oct 9 3:17pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 8,898.02
YTD%Change: -32.75%
Volume: 244,714,897.00
Prev. Close: 9,258.10

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slipslidingaway Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:21 PM
Response to Original message
8. Pretty nasty, trying to keep an eye on the smaller time frame
charts for clues, patterns still breaking down with the trend.
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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:21 PM
Response to Original message
9. It's dropped 500 points since the session highs. n/t
Edited on Thu Oct-09-08 02:32 PM by Texas Explorer
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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:21 PM
Response to Original message
10. Shoe soles getting really hot.....
Dow Jones Industrial Average
8,896.10 -362.00 / -3.91%

Oct 9 3:19pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 8,890.61
YTD%Change: -32.93%
Volume: 245,921,320.00
Prev. Close: 9,258.10

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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:24 PM
Response to Original message
11. Cash positions blowing away, dropping to fetal positions on the floor
Dow Jones Industrial Average
8,874.60 -383.50 / -4.14%

Oct 9 3:20pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 8,874.04
YTD%Change: -33.10%
Volume: 249,055,827.00
Prev. Close: 9,258.10

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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:31 PM
Response to Original message
12. Traders jumping ship praying for ending bell...but still 30 minutes to GO!
Dow Jones Industrial Average
8,883.28 -374.82 / -4.05%

Oct 9 3:28pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 8,859.78
YTD%Change: -33.03%
Volume: 258,648,018.00
Prev. Close: 9,258.10

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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:33 PM
Response to Original message
13. Trading in the upper rapids heading for Niagara falls
Dow Jones Industrial Average
8,876.99 -381.11 / -4.12%

Oct 9 3:30pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 8,859.78
YTD%Change: -33.08%
Volume: 261,271,327.00
Prev. Close: 9,258.10

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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:34 PM
Response to Original message
14. We need a couple weeks of trade holiday
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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:36 PM
Response to Original message
15. AT THE PRECIPICE
Dow Jones Industrial Average
8,844.01 -414.09 / -4.47%

Oct 9 3:34pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 8,840.75
YTD%Change: -33.33%
Volume: 265,864,386.00
Prev. Close: 9,258.10

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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:40 PM
Response to Original message
16. P L U N G E....
Dow Jones Industrial Average
8,815.98 -442.12 / -4.78%

Oct 9 3:37pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 8,806.58
YTD%Change: -33.54%
Volume: 271,163,459.00
Prev. Close: 9,258.10



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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:40 PM
Response to Original message
17. P L U N G E....
Dow Jones Industrial Average
8,815.98 -442.12 / -4.78%

Oct 9 3:37pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 8,806.58
YTD%Change: -33.54%
Volume: 271,163,459.00
Prev. Close: 9,258.10



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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:42 PM
Response to Original message
18. You must go to the link and see the graph
Dow Jones Industrial Average
8,799.41 -458.69 / -4.95%

Oct 9 3:38pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 8,792.24
YTD%Change: -33.66%
Volume: 272,620,045.00
Prev. Close: 9,258.10

http://money.cnn.com/data/markets/dow/

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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:43 PM
Response to Original message
19. This is P A N I C selling no doubt about that....
Edited on Thu Oct-09-08 02:47 PM by whistle
Dow Jones Industrial Average
8,750.51 -507.59 / -5.48%

Oct 9 3:41pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 8,748.44
YTD%Change: -34.03%
Volume: 276,552,698.00
Prev. Close: 9,258.10

...HOLY SHIT!

Dow Jones Industrial Average
8,697.54 -560.56 / -6.05%

Oct 9 3:41pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 8,695.87
YTD%Change: -34.43%
Volume: 278,669,018.00
Prev. Close: 9,258.10

...Catch thier breath:

Dow Jones Industrial Average
8,695.31 -562.79 / -6.08%

Oct 9 3:43pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 8,684.64
YTD%Change: -34.45%
Volume: 282,383,166.00
Prev. Close: 9,258.10

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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:48 PM
Response to Original message
20. No stopping this PANIC...
Edited on Thu Oct-09-08 02:50 PM by whistle
Dow Jones Industrial Average
8,687.51 -570.59 / -6.16%

Oct 9 3:45pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 8,683.21
YTD%Change: -34.51%
Volume: 285,904,369.00
Prev. Close: 9,258.10

...TERROR on Wall Street:

Dow Jones Industrial Average
8,653.97 -604.13 / -6.53%

Oct 9 3:48pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 8,609.21
YTD%Change: -34.76%
Volume: 291,199,649.00
Prev. Close: 9,258.10

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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:51 PM
Response to Original message
21. TERROR as the ticker runs way behind....
Dow Jones Industrial Average
8,653.97 -604.13 / -6.53%

Oct 9 3:48pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 8,609.21
YTD%Change: -34.76%
Volume: 291,199,649.00
Prev. Close: 9,258.10

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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:52 PM
Response to Original message
22. Right at 8600 now
Dow Jones Industrial Average
8,607.62 -650.48 / -7.03%

Oct 9 3:49pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 8,595.04
YTD%Change: -35.11%
Volume: 295,208,763.00
Prev. Close: 9,258.10

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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:56 PM
Response to Reply #22
23. They stopped the CNN ticker, I don't know where this is going
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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:57 PM
Response to Reply #23
24. Bailout buys????
Dow Jones Industrial Average
8,732.35 -525.75 / -5.68%

Oct 9 3:54pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 8,595.04
YTD%Change: -34.17%
Volume: 311,406,177.00
Prev. Close: 9,258.10

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4 t 4 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 02:58 PM
Response to Reply #23
25. The short selling ban expired at midnight last night n/t
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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 03:12 PM
Response to Reply #25
30. That may have been part of the frenzy, but Paulson is also dragging his feet on a bailout plan
...leaving a huge uncertainty gap. That fucker needs to be fired now!
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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 03:01 PM
Response to Original message
26. They have two minutes to clean up or shit their pants....
Dow Jones Industrial Average
8,738.40 -519.70 / -5.61%

Oct 9 3:58pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 8,595.04
YTD%Change: -34.12%
Volume: 330,578,473.00
Prev. Close: 9,258.10

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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 03:04 PM
Response to Original message
27. Traders are PUKING in their baskets
Dow Jones Industrial Average
8,657.56 -600.54 / -6.49%

Oct 9 4:02pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 8,595.04
YTD%Change: -34.73%
Volume: 375,401,904.00
Prev. Close: 9,258.10

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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 03:06 PM
Response to Original message
28. Is it over? Looks like it....
Dow Jones Industrial Average
8,657.56 -600.54 / -6.49%

Oct 9 4:02pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 8,595.04
YTD%Change: -34.73%
Volume: 375,401,904.00
Prev. Close: 9,258.10

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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 03:09 PM
Response to Original message
29. Here's the story for this trading day...
<snip>
Stocks: 5-year lows
Dow falls below 9,000 for first time since '03 - on the 1-year anniversary of all-time high.

NEW YORK (CNNMoney.com) -- Stocks slumped fast and hard on Thursday afternoon - with the Dow falling below 9,000 - as reports that Treasury's may buy stakes in banks failed to reassure investors amid the ongoing credit crisis.

Bank lending remained tight as nervous institutions continued to hoard cash. Treasury prices fell, raising their corresponding yields. The dollar gained versus the euro and the yen. Oil and gold prices fell.

With 15 minutes left in the session, the Dow Jones industrial average (INDU) had lost 630 points, or nearly 7%, after hitting its lowest point since May 2, 2003.

The Standard & Poor's 500 (SPX) index lost 7% after touching its lowest point since May 27, 2003. The Nasdaq composite (COMP) lost 5% after hitting its lowest point since Aug. 14, 2003.

A key measure of investor fear hit an all-time high. The CBOE Volatility index, or the VIX, topped 60.

After seesawing through the morning, stocks turned lower in the afternoon, extending the recent slide. As of 3:35 p.m. ET, the Dow has lost more than 1900 points over the last seven trading sessions amid growing skepticism that the financial markets can be stabilized.

Investors are trying to get accustomed to the new realities of the market, but aren't able to just yet, despite all the government actions, said Gary Webb, CEO at Webb Financial Group.

"What the Fed has done is eventually going to help turn things around, but people don't believe it yet," Webb said. "They're acting on fear."

Stocks fell Wednesday on pessimism about the economic outlook, despite an emergency rate cut from the Federal Reserve that was coordinated with central banks around the world.

The surprise cut was the latest step taken by the government over the past week in an attempt to unfreeze the credit markets and get banks to start lending to each other again. The lack of available capital has made it harder for businesses to function on a daily basis and for consumers to get loans, exacerbating the financial crisis.

On Thursday, the Treasury Department said it was actively looking at buying stakes in some of the country's banks, confirming earlier reports. The move would be made under the $700 billion bank bailout law enacted last week. The main focus of the bailout remains buying bad assets from banks. (Full story)

A better-than-expected earnings report from IBM had lifted the technology sector through the early afternoon. But any tech advance got washed out in the afternoon selloff. Oil services stocks declined along with oil prices.

Shares of Dow component General Motors (GM, Fortune 500) lost 23% after a report said auto sales will hit recession levels this year and sink lower next year. S&P put GM's debt rating on CreditWatch with a negative outlook. (Full story)

To put in perspective just how hard the stock market has been hit over the last 12 months: a year ago today the Dow closed at an all-time high of 14,164.53. As of Wednesday's close, it has lost 33%.

Also a year ago today, the S&P 500 hit an all-time high of 1565.15. As of Wednesday's close, it had lost 37%.

http://money.cnn.com/2008/10/09/markets/markets_newyork/index.htm?postversion=2008100915


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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 03:16 PM
Response to Original message
31. Wow CNN Dow ticker 7 minutes late.... down -678 pts and -7.33%
Dow Jones Industrial Average
8,579.19 -678.91 / -7.33%

Oct 9 4:07pm ET †
Open: 9,261.69
High (day): 9,448.14
Low (day): 8,579.19
YTD%Change: -35.32%
Volume: 436,088,298.00
Prev. Close: 9,258.10

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DevonRex Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 03:18 PM
Response to Original message
32. I converted to cash last year. But my husband's IRA has suffered
greatly. There just aren't any good positions. Except maybe under the mattress.
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