Panic: S&P down over 6%, Dow down over 5%

Bloomberg Terminal | 10/6/08 | Me

[Thane_Banquo]

Looking at hugh panic in global mkts right now. This is vey series.

Australian dollar off almost 8.6% on the day against the USD. One bank said they are seeing literally NO BIDS in the Australian dollar, which is huge considering that you can usually trade several million with the click of a mouse.

[Thane_Banquo]

Shades of Oct 1987.

[mysterio]

Just print more money. That’ll solve it.

[Perdogg]

Obama’s fire in the Reichstag continues.

[Thane_Banquo]

Stock futures can be manipulated short term. Forex markets like the australian dollar versus USD are way, way too big for any one player to manipulate.

[thecabal]

Looking at hugh panic in global mkts right now. This is vey series. Australian dollar off almost 8.6% on the day against the USD. One bank said they are seeing literally NO BIDS in the Australian dollar, which is huge hugh considering that you can usually trade several million with the click of a mouse.

There, fixed it for ya.

Sorry just needed a little levity while our economy tanks and we embrace socialism.

[unixfox]

The sky is falling!

[Wilder Effect]

Well said. McCain has terrible luck.

What do you bet the down rises sharply in the Spring of 2009.

[snowrip]

Yeah, no one with a shred of common sense ever predicted this type of reaction to the $700,000,000,000 bailout. Nope.

/major sarc

[Norman Bates]

This is an orchestrated collapse.

[Natchez Hawk]

“Just print more money, that’ll solve it.”

Coming up...

[mlocher]

I sure am glad that we spent $850 Billion to solve this problem.

[RockinRight]

Or, we could cause even bigger panic by the MSM shouting “PANIC” all over the place.

[Boiling Pots]

But but but, the President signed the bailout bill, after the House and Senate in a “bi-partisan” manner overwhelmingly passed it?

This is nothing short of the most massive cluster**** I have ever witnessed.

Anyone who voted for the bailout deserves to lose their next election.

[Mr. K]

I thouhgt that throwing $700Billion at it would help????

Thanks Democraps

[Perdogg]

Goerge Soros can, he’s done it in the past.

[IMissPresidentReagan]

Surely this can’t be happening? I mean those Senators and Representatives ignored us because they knew what was better for us. I can’t believe they would be wrong! /s

[Future Snake Eater]

Nah, it’s cool. McCain, Obama, Lieberman, Pelosi, Reid, Dodd, etc. all came to our rescue. I’m sure the fruits of their heroic 8 a.m. labor are going to be along any minute now.....

[JRios1968]

Reid and Pelosi continue to do Darth Obama’s bidding...