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Stock futures freeze as tumble worsens ["We are in a panic mode, I don't know how else to....]
Reuters ^
Posted on 10/24/2008 4:32:57 AM PDT by Sub-Driver
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To: Vermont Lt
Except no one has the cash to buy things at the lower prices. In the case of Silver and Gold, you cannot even physically acquire it right now. Here is an interesting excerpt from a bulletin from the President of BullionDirect.com.
Additionally, private manufacturers are also operating beyond capacity. 1oz., 10oz., and 100oz. Silver bars are particularly affected by these production delays. This added flow of physical metal and physical cash (by the Fed injecting into the banking system) has also caused delays in armored, secure transportation. These industry wide delays have affected our operation and ability to process even basic orders in a timely matter.
Good news is that the US Mint is concentrating on making the 1oz Silver and Gold Eagles. Some might be available in November, apparently. So it is difficult to even buy an asset that is deflating right now. Man this is a weird situation.
To: AmericaUnited
The prospect of BO as pres with a demo congress inevitably opens up pro-communist possibilities. I’d love to buy at these levels but till we get some sense of stability with a win by Mav&Cuda, I will keep the powder dry.
The average 401k owner has no idea what a commie leadership will mean to their assets. If they did, the mega Obama rallies would take on a distintly different tone.
22
posted on
10/24/2008 5:25:03 AM PDT
by
bossmechanic
(If all else fails, hit it with a hammer)
To: AmericaUnited
Hey look ... don't shoot the messenger. Don't attack me if the people I work with all remember that McCain has been talking about 'wall street greed' and 'punishing wall street' for 6 months.
I'm just telling you what the environment is like that's all.
23
posted on
10/24/2008 5:25:04 AM PDT
by
tcostell
(MOLON LABE - http://freenj.blogspot.com - RadioFree NJ)
To: petercooper
Wow. Thyll stop at nothing to get Obama across the finish line.I think the markets are scared he WILL make it across the finish line.
24
posted on
10/24/2008 5:25:35 AM PDT
by
Arrowhead1952
(Will it be "comrade" after the elections?)
To: Red in Blue PA
25
posted on
10/24/2008 5:26:37 AM PDT
by
tcostell
(MOLON LABE - http://freenj.blogspot.com - RadioFree NJ)
To: justa-hairyape
I buy gold through them on probably a weekly basis. It is weird. the only stuff out there is Chinese or Mexican...if you can put your hands on it, it sells.
26
posted on
10/24/2008 5:26:40 AM PDT
by
Vermont Lt
(I am not from Vermont. I lived there for four years and that was enough.)
To: justa-hairyape
If you believe in lines, the S&P should be at around 820.
27
posted on
10/24/2008 5:27:26 AM PDT
by
Boiling Pots
(Get off your ass and do something...Print signs and post them around town)
To: silverleaf
didnt the financial ruin of Germany help usher in change in the 1920s?Hitler was a "taker". Obama is a "giver". He'll try to buy the good graces of every tin-pot in the world.
McCain 2008.
28
posted on
10/24/2008 5:30:36 AM PDT
by
Glenn
(Free Venezuela!)
To: petercooper
I think you’re right. There are going to be a lot of Dems voting McCain, too.
29
posted on
10/24/2008 5:31:50 AM PDT
by
unkus
To: tcostell
Yeah, that’s why a few people there put the entire country into economic cricis.
Believe that if you want.....facts show the opposite.
30
posted on
10/24/2008 5:32:03 AM PDT
by
Red in Blue PA
(Obama is not qualified for the FBI, but he is qualified for the Presidency????)
To: bossmechanic
31
posted on
10/24/2008 5:34:06 AM PDT
by
SuperSonic
(Bush "lied", people dyed.......their fingers purple.)
To: Boiling Pots
This excerpt from a Reuters article may explain what is happening to stocks now. Salient phrase highlighted.
TORONTO, Oct 22 (Reuters) - The Toronto Stock Exchange's main index closed nearly 6 percent lower on Wednesday as resource issues sank along with commodity prices on concerns that a global economic slowdown will slash demand.
To: justa-hairyape
that a global economic slowdown will slash demand. Transportation numbers are just awful. UPS, FedEx, Yellow and Ocean Going Vessels are off 7% just as the Christmas stocking season is here. America is out of consumer credit and cash. Yikes.
33
posted on
10/24/2008 5:39:57 AM PDT
by
Glenn
(Free Venezuela!)
To: tcostell
True dat, but he still looks like Milton Friedman next to Obama.
34
posted on
10/24/2008 5:42:25 AM PDT
by
RockinRight
(Obama who?)
To: petercooper
OK...while I’ve thought that McCain could pull this off...if you think it’s gonna be 54-46, I want some of whatever you’re smokin’.
35
posted on
10/24/2008 5:43:42 AM PDT
by
RockinRight
(Obama who?)
To: niteowl77
Wow. Thyll stop at nothing to get Obama across the finish line. People are realizing that Obama is going to be the next Prez - and the implications are dire for economies worldwide. Hope your seatbelts are on...
36
posted on
10/24/2008 5:44:35 AM PDT
by
Liberty1970
(Mainstream media is not mainstream. Call it what it is: Hate Media.)
To: Maringa
All banks will not fail. Most won’t in fact.
37
posted on
10/24/2008 5:44:56 AM PDT
by
RockinRight
(Obama who?)
To: Liberty1970
THEN WHY THE HELL ARE THESE SAME PEOPLE STILL VOTING FOR HIM???
38
posted on
10/24/2008 5:45:15 AM PDT
by
RockinRight
(Obama who?)
To: Glenn
And I just got an email from UPS stating that rates for next day will go up ~6 % in 2009. Apparently their operating costs have Increased more then their fuel costs have Decreased or so they say
To: petercooper
Thyll stop at nothing to get Obama across the finish line. Is that why "they" are buying dollars like crazy too?
40
posted on
10/24/2008 5:46:23 AM PDT
by
palmer
(Some third party malcontents don't like Palin because she is a true conservative)
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