Global markets slide led by financial sell-off (Black Monday Panic selling in London, Asia)

Financial Times ^ | 1/21/2008 | Neil Dennis

[steve86]

I hope it's safe enough - it's called a "principal preservation" fund.

Well, in principle, anyway. Only principled investors invest their principal there.

[VxH]

>>I think God was looking after us.

Yep, He does that :-)

Prayers up for your daughter.

[Uncle Miltie]

Bzactly.

Sheisekopfs!

[NVDave]

Yep, I remember those threads well.

I’m wagering we won’t be hearing much from those folks as the markets hammer their way downwards.

[NVDave]

Some were flat-out removed. Apparently the moderators didn’t like reality in larger doses.

I’m guessing the moderators will soon be removing people who make historical comparisons between President Bush and President Hoover and how the GOP was sent wandering into the political wasteland for a long, long time because they refused to take control of an easily foreseen situation early enough to do some good. The various proposals being bandied about DC for stimulating the economy are far too little, far too late. The credit market is not going to be put back together by either the Fed or the Congress, unless the Treasury starts buying money center bank debt.

[Ann Archy]

God Bless you and your daughter....God works like that...it’s what HE does!

[Mariner]

The absolute LAST THING we want is for the Treasury to start buying up a bunch more bad debt.

Raise rates sufficient to stop inflation (Between 5 and 7%) and let the chips fall where they may.

[Hattie]

Black Tuesday coming.

[the invisib1e hand]

... let the chips fall where they may.

that's exactly what you're seeing. look at the dollar today.

[PghBaldy]

There are also people who are out of luck even with SS - they have evil relations who take their money. There is NO safety except that from above, and I’m not even much of a believer. I know people who have SS, yet still manage to waste it or have it stolen.

[rmlew]

Watch out tomorrow for falling objects.

I’m waiting for the jumpers. (And i hope unlike 2000, I don’t hear snotty interns at Cornell Medical Center/NY Presbyterian making jokes about traders who jumped short and didn’t finish the job)

[archy]

You do realize that you have unveiled a tightly held secret about history that the politically correct professors have worked since 1945 to keep hidden. You are now marked for re-education, expect the people who protect "The National Treasure" to appear on your doorstep soon.

No worries. They'll be coming to my place first, and are in for quite the surprise when they ring my doorbell.

[50sDad]

A big chunk of the Housing Bubble resulted from:

"Wouldn't it be WONDERFUL if people who can't really afford homes could get them?"

Well, the kindness paid off...the wolves repocessed the homes the sheep bought with public-school level math skills.

This has all happened before; some scheme in the markets fails and everything else shudders. Problem is that all the markets are so interrelated that when we cough, Japan gets the cold, Europe gets the flu...and coughs on us.