Dow and FTSE hit lowest levels since 2004

Apparently the FTSE has fallen more than 300 points, around 5% today.

Investors in the stocks market are reportedly 'spooked' by the increasing problems that are arising after the recent bailout of the Germany's fourth biggest bank.

I'd say 'spooked' is a bit of an understatement...

http://tinyurl.com/542vsj

Ever since the handout vote, I have neen thinking about Bill Paxtons line as the Space Marine, Hudson, from the movie ALIENS.
-------------------------------------------------------
Hudson: Hey, maybe you haven't been keeping up on current events, but we just got our asses kicked, pal!

A couple more giant dips like this for the market and people are going to start making runs on banks. So everyone cross your fingers that it stabilizes quickly.

The UK papers are talking about a recession but an economist I heard speak the other day said this is nowhere near a recession in the traditional sense and that whilst these stock drops would be damaging and lead to job losses, lifestyle changes etc, it was a natural economic event and within a year or so the markets would be fully stable again (as in on the up).

i really think this goes to show that we are truly oblivious to the outside world..................

.........the last couple of weeks the bailout was all about stabilizing the economy............
.......well they got their bailout and what happened????
the stocks crashed anyway....this time due to the foreign banks and trading...........

...........typical american arrogance....now they'll look over the pond and wonder.............

Honestly our country should have seen this coming when the housing market went up so dramatically. What goes up must come down, even in the economy. When you think about it this problem will eventually resolve itself, but the government could have done a better job of distributing the money of the bailout by giving it to the people who's homes are being forclosed on. If they had done this instead then maybe all of the banks would'nt be closing right now.

When the economy is built like a deck of credit cards it can only get so high before it...ummm, "adjusts". The disturbing part is that conditioning this behavior appears to be man-made and engineered using the media to allow certain people to profit from others devastating misfortune. Casino economics is the term that comes to mind.

When the bailout didn't work doesn't it only seem fair that we should have recourse to reverse the robbery...I mean bailout...I mean "rescue package".

Fucking white collar crooks.

The russian stock market was closed twice, and ended down almost 20%.

And the Krona (Icelands' currency) has lost a third of its value against the Euro.

So it's not just US and UK that are feeling the crunch.

here's my rewrite of Rudy Ray Moore's sinking "Titantic" lyrics LOL!!!

Obama and the Great Depression

The 6TH of October was one helluva day.
When the news got around to all the seaport towns,
That the great Stock Market was sinkin down.
Up stepped a black man from the Wall Street Flo called 'Dime'.
Hollerin, "Captain! Captain! Don't you know?
There's forty feet of water on the boiler room flo'.
The captain said, "Go back, go back, you dirty black!
I'm watchin the stocks plummet and I'm gonna crack
We got a thousand pumps to keep this water back."
Dime went back below and began to think.
Said, "Huh, you honky, this big, bad muthafucka is bound to sink."
Dime said, "There's fish in the ocean and crabs in the sea.
But it's one time you stupid stock market junkies ain't gonna bullshit me."
Dime went on the deck, jumped overboard, waved his ass and began to swim.
With a thousand millionaires lookin at him.
The Captain's wife stepped on the deck,
Said, "Dime, Dime! please save po me!
I'll give you all the good pussy you can see."
Dime said, "Your pussy's good and that is true,
But there's some ho's down on Fifth Street that's make an ass outta you.
Now there's pussy on land and pussy on sea
I got twenty five ho's in New York just waitin for me."
The captain's daughter stepped on the deck,
Said, "Dine, Dime ! Please save po me!"
Said, "I'll name this little kid after thee."
Dime said, "Biitch! You knocked up and gonna have a kid,
But yo ass gotta hit this water just like ole Shine did."
Here come the captain,
"Dime, Dime! Please save me!
I'll make you richer than any greedy golddigger can be."
Dime said, "Captain, to save you would be very fine,
But I gotta first save this black ass of mine!"
Said, "There's money on land and money on sea,
I got a thousand dollars in New York just waitin on me."
Dime said, "Shark, look out!"
Said, "I know some of this black ass you'd like to taste.
But from here to New York it's gonna be one helluva race!"
When the news got around the world that the great stock market had sunk,
Dime was in Harlem on 125th street, damn near drunk.
Dime spent all of his money, fucked his 25 women.
His dick got sore. Went to the doctor.
Doctor said, "Dime, I'm gonna have to cut yer dick off."
Dime said, "Doctor," Said, "You better cut it off down to the muthafuckin bone,
Cause if you leave any meat I'm gonna fuck right on!
If I should die, have my balls soaked in alcohol, lay my dick on my chest
And tell all these good cock bitches that ole Dime has gone to rest.
Shine died and went to hell.
The devil said, "All you bitches, you better climb the wall,
Cause ole golddiggin' Dime has come down here to fuck us all!"

W. doesn't think we are in a recession because he can just arrange 900 billion [ # from a yahoo article] to be printed and then say “Oh look at all that money out there”. I feel bad that the next Prez is going have to climb out of a 4 TRILLION DOLLARS NATIONAL DEBT. Poor sucker.

wasn't the 700 billion dollar bailout supposed to fix this?

you know, this never would have been a problem if people could pay for their mortgages...

Take all of your money out of the Stock Market!

Now.

Take your money from the bank.

If you want to invest your money, buy gold and silver.

Be your own bank, act now!

Is it too late to cancel that check?

The high-risk subprime mortgage social engineering community service experiment by left-wing ACORN and Obama has created the largest financial crisis since The Great Depression.

And the UK banks are in trouble - on Tuesday, Sky News report the Royal Bank of Scotland share price has plunged 30% - Panic remains. Link below: