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Pre-Markets ( I don't think this looks good)
CNBC ^ | 08/07/2011

Posted on 08/07/2011 6:32:02 PM PDT by Beckett08

pre-market data.

(Excerpt) Read more at cnbc.com ...


TOPICS: Chit/Chat
KEYWORDS: 8811; 882011; aug82011; blackmonday; bonds; crash; dollar; dow; economy; futures; sell; stockmarket; trade

1 posted on 08/07/2011 6:32:04 PM PDT by Beckett08
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To: Beckett08

This nothing. Wait ‘til Tuesday gets here.


2 posted on 08/07/2011 6:35:19 PM PDT by Hoodat (Yet in all these things we are more than conquerors through Him who loved us. - (Rom 8:37))
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To: Beckett08

Don’t sweat it. It’ll sell off at first, but I think it will be back to par by 2 pm.


3 posted on 08/07/2011 6:35:50 PM PDT by Brilliant
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To: Beckett08
Not to worry, G7 to the rescue:

G7 statement which basically says plunge protection team just went global

4 posted on 08/07/2011 6:37:41 PM PDT by randita (Obama - chains you can bereave in.)
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To: Beckett08

For some reason I think Tuesday will be worse too...


5 posted on 08/07/2011 6:38:45 PM PDT by GOPJ (The end of our great nation - caused by 'give it all away' dems. May dems reap what they sown...)
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To: Hoodat

Nah Wednesday will be the bad day

There’s been a Black Monday, a Black Tuesday, a Black Thursday and a Black Friday and sometimes more than one.

But there’s never ever been a Black Wednesday, so we are due


6 posted on 08/07/2011 6:38:57 PM PDT by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
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To: Beckett08

I didn’t expect much more than a 9000 level with a Democrat in the white house, so even if it drops to 7000 it ain’t a complete surprise here. QE1, QE2 were just an artificial prop anyhow. I think the surprise is the bond holders that thought they had a safe investment, and trying to sell off downgraded bonds over the week-end isn’t easy, and come morning there could be a lot of cash coming out of bonds.


7 posted on 08/07/2011 6:39:34 PM PDT by Son House (The Economic Boom Heard Around The World => TEA Party 2012)
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To: Beckett08

I’m not worried, as I’m fully diversified.

I own gold *and* silver.


8 posted on 08/07/2011 6:39:47 PM PDT by WackySam (Obama got Osama just like Nixon landed on the moon.)
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To: Beckett08

11444.61 11187.0 -215.00 11392.61 11187.0 -205.61

Down 200+ looks promising.

ObamaDownGrade


9 posted on 08/07/2011 6:39:50 PM PDT by xzins (Retired Army Chaplain and Proud of It! True Supporters of our Troops PRAY for their VICTORY!)
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To: Beckett08

Prolly talking about what I call a “check-mark” type of market day, dip (possibly BIG dip) then rally but there is no good way to know whether the tail will bring it up past where it closed Friday (eg; whether we’ll end green on the day as we did Friday) This is not for the faint of heart. Or if you’re one of those extremists who like to preserve your money, that would be another strike against current market conditions.


10 posted on 08/07/2011 6:40:00 PM PDT by Attention Surplus Disorder (Both sides need to put aside the partisan bickering, & work out how much free stuff I get)
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To: Beckett08
POMO

They'll take the futures traders money and let the market fall on Tuesday

11 posted on 08/07/2011 6:40:10 PM PDT by Politically Correct (A member of the rabble in good standing)
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To: Brilliant
"Don’t sweat it. It’ll sell off at first, but I think it will be back to par by 2 pm."

So you must be a gazillianair.

12 posted on 08/07/2011 6:40:50 PM PDT by al baby (Hi Mom!!! I know i was kidding)
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To: Beckett08
Photobucket
13 posted on 08/07/2011 6:42:30 PM PDT by The Magical Mischief Tour (If you want a Socialist, vote Democrat. If you want a Democrat, vote Republican.)
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To: Beckett08

Gold up 1.8% and climbing. http://www.kitco.com/charts/livegold.html


14 posted on 08/07/2011 6:43:06 PM PDT by Chaguito
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To: Brilliant

I think you might be right. Australia, NZ and the NIKKEI are down, but it’s actually not that bad so far. The initial sell-off was not good, but not Armageddon and it’s recovering fast.

M’thinks that US stock market will follow this trend. A steep sell-off, with an uptick by 2PM. Down by 1-1.5% at the closing bell.

I know that sounds bad, but we’ve weathered much worse.


15 posted on 08/07/2011 6:43:32 PM PDT by Marie (I agree with everything that Rick Perry is saying. I just wish that *he* did. (NO to Bush II))
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To: qam1
"But there’s never ever been a Black Wednesday, so we are due"

That is sooooo funny.

Same logic as picking the horse with a name that relates to you.
Hey, I picked BigBadBill at the track last night and won $28.60. It worked.

16 posted on 08/07/2011 6:44:32 PM PDT by AGreatPer
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To: qam1
There’s been a Black Monday, a Black Tuesday, a Black Thursday and a Black Friday and sometimes more than one.

Why are they called "Black"? I thought "Black" meant operating at a profit? Shouldn't days of big losses on the stock market be "Red" days?

Naw, I don't really expect an answer. It just seems like odd terminology to me.

17 posted on 08/07/2011 6:46:30 PM PDT by exDemMom (Now that I've finally accepted that I'm living a bad hair life, I'm more at peace with the world.)
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To: Beckett08

Most Asian markets dropped ranging from 1-3% at open, and have been stable since.


18 posted on 08/07/2011 6:47:05 PM PDT by P.O.E. (Pray for America)
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To: exDemMom

Black is much more ominous, as in dark days...


19 posted on 08/07/2011 6:50:52 PM PDT by Comparative Advantage
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To: Marie

The “risk currencies” like the Aussie Dollar are rebounding tonight as well. This is a positive sign for the equity markets.


20 posted on 08/07/2011 6:57:42 PM PDT by oblomov
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To: Beckett08

There is a limit to how far things will fall, there is too much strength still in the US economy. Of course I still believe in the Easter Bunny.


21 posted on 08/07/2011 6:57:45 PM PDT by dog breath
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To: Comparative Advantage
"Black is much more ominous, as in dark days.."

That's racist.......

22 posted on 08/07/2011 6:58:11 PM PDT by traditional1 ("Don't gotsta worry 'bout no mo'gage, don't gotsta worry 'bout no gas; Obama gonna take care o' me!)
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To: Beckett08

Gold is at $1697 up over $30

I went to my local coin dealer yesterday and he told me people were lined up outside his door when he got there in the morning.

He had a lot of stuff when I went there last week but he sold out and all he had left by the time I got there was a old scratched up Ag Eagle.


23 posted on 08/07/2011 7:00:43 PM PDT by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
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To: Beckett08

Don’t worry about a thing, They are gonna Print enough Money to make everybody a Millionaire.


24 posted on 08/07/2011 7:01:27 PM PDT by eyeamok
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To: exDemMom

Black was at one time a symbol of death- thus, the Grim Reaper wears black, and people wear black at funerals.


25 posted on 08/07/2011 7:01:37 PM PDT by oblomov
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To: traditional1

Indeed. The markets could drop 2000 points on Wednesday, but the media would not call it Black Weds. They’d just run an article on Michelle Bachmann and call it Tea Party Weds.


26 posted on 08/07/2011 7:02:02 PM PDT by ClearCase_guy (The USSR spent itself into bankruptcy and collapsed -- and aren't we on the same path now?)
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To: Beckett08

27 posted on 08/07/2011 7:03:05 PM PDT by NoLibZone (Life as Nancy Pelosi knows & wants it, must end, Life As Nancy Knows it is to raise Debt 10% annualy)
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To: randita
G7 statement which basically says plunge protection team just went global

It's now only -184 instead of -277 it was earlier so Yeah it is working!!! Until Wednesday.....

28 posted on 08/07/2011 7:03:21 PM PDT by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
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To: dog breath

There is a limit to how far things will fall, ....yes as a matter of fact there is....about 10%.


29 posted on 08/07/2011 7:06:10 PM PDT by EBH (God Humbles Nations, Leaders, and Peoples before He uses them for His Purpose)
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To: Beckett08

why are posting such a panic ridden title.

the updated mini dow is lokking better .


30 posted on 08/07/2011 7:07:39 PM PDT by ncalburt (NO MORE WIMPS need to apply to fight the Soros Funded Puppet !)
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To: Beckett08

No problem. The G7 is going to prop your currency high, until there’s no manufacturing job left in the whole USA.


31 posted on 08/07/2011 7:14:59 PM PDT by familyop (We Baby Boomers are croaking in a noisy avalanche of rotten politics smelled around the planet.)
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To: eyeamok

They are gonna Print enough Money .....

That’s what Greenspan said today concerning US....”we can always Print Money”

..he blames the market jitters on Europe’s issues with Italy, not the USA. But looks like Europe’s going to bail them out ...even though Greenspan said it wouldn’t be possible.


32 posted on 08/07/2011 7:24:36 PM PDT by caww
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To: randita

The PPT has been “fixing” the market for quite some time now...(IMHO)

Most of the volume is created by the banks...Mom and Pop are not taking any chances..they’ve been burned enough already...


33 posted on 08/07/2011 7:25:10 PM PDT by M-cubed
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To: Beckett08

CNBC guest just said it is a time to buy quality companies and the 30 year bond is less appealing, confirming to me that 9000 level is about right and the 30 year bond isn’t so appealing. I’m still of the opinion bond selling may be the highlight of the day. I’d bet Geithner don’t stay, their(Democrats and Media) are all just playing games on the Republicans to make them look bad and distract from the real problem, fundamentally ill economic budgeting, over-regulation, and their tax increase plan.


34 posted on 08/07/2011 7:26:17 PM PDT by Son House (The Economic Boom Heard Around The World => TEA Party 2012)
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To: Beckett08

Good luck all yo silly people that continue to invest! We have reached our limit....


35 posted on 08/07/2011 7:26:20 PM PDT by Deagle
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To: Beckett08

My bet is the Dow will be down 600 points by noon Monday with no bottom in sight.


36 posted on 08/07/2011 7:35:28 PM PDT by The Great RJ ("The problem with socialism is that pretty soon you run out of other people's money" M. Thatcher)
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To: NoLibZone

The only fools who would believe the liar in chief are the leftist commie-libs.....and he already OWNS THEIR souls, so no assurance needed for THEM.


37 posted on 08/07/2011 7:35:56 PM PDT by Tucker39
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To: NoLibZone

38 posted on 08/07/2011 7:40:21 PM PDT by Oceander (The phrase "good enough for government work" is not meant as a compliment)
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To: Beckett08

Really not as bad as I expected. Gold will hit $1700 in the next couple of hours though.


39 posted on 08/07/2011 7:49:13 PM PDT by Vermont Lt ("Will No One Rid US of This Meddlesome Priest?")
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To: Beckett08

Bad... Don’t need to read any further. Really, come on folks, do you really believe that any downgrade will have no effect? It is sure to scare the rest of the market if nothing else.

We are approaching Armageddon and both parties piddle... We have no Statesmen to save us...


40 posted on 08/07/2011 7:57:10 PM PDT by Deagle
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To: Oceander

Accurate!


41 posted on 08/07/2011 7:59:12 PM PDT by NoLibZone (Life as Nancy Pelosi knows & wants it, must end, Life As Nancy Knows it is to raise Debt 10% annualy)
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To: The Great RJ

I’m seriously thinking of calling my broker tomorrow morning and unloading EVERYTHING!


42 posted on 08/07/2011 8:18:35 PM PDT by Palladin (Sarah Palin in 2012!)
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To: dog breath

LOL. Earnings the last quarter were good.


43 posted on 08/07/2011 8:22:51 PM PDT by BunnySlippers (I love BULL MARKETS . . .)
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To: The Magical Mischief Tour
The great gig in the sky
44 posted on 08/07/2011 8:44:56 PM PDT by Vince Ferrer
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To: Beckett08
The DOW will probably drop 200 to 400 points at the open, stabilize, then OBummer will make some kind of “Blah, blah, Republicans fault, blah, blah, blah, raise taxes, blah, blah, blah” statement before noon and we'll drop another 500 to 600 points before the close.
45 posted on 08/07/2011 8:55:37 PM PDT by The Cajun (Palin, Free Republic, Mark Levin, Rush, Hannity......Nuff said.)
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To: Deagle

Looks like you were right


46 posted on 08/08/2011 6:54:47 PM PDT by Beckett08 (Better a Mommy in The White House than a Commie in The White House)
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To: The Cajun

wow you win.


47 posted on 08/08/2011 7:40:18 PM PDT by Beckett08 (Better a Mommy in The White House than a Commie in The White House)
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