Here we go again...........DOW opens down sharply.....

MSN Money ^ | 08-08-2011 | Staff

[EBH]

Oh that’s alright....my local talk radio station is playing a local radio show instead of Glenn Beck this morning!

Ya’ know sports are a more important diversion these days.

[Lazamataz]

-376.07‎ (-3.29%‎)

[Nobel_1]

Re: S&P declares war on US

correction ... Zero starts 3rd front in war against US

... front #1 ... jobs
... front #2 ... Obamacare

[444Flyer]

Obama's Triple Bogey economy!!!!

[ducttape45]

Back in 2008, we were told the government needed a stimulus package or else the economy would fall apart. They got it and it fell apart anway.

2 weeks ago we were told that Aug 2nd was the drop dead point for increasing the debt ceiling or else the USA would lose its AAA status. It was raising the credit rating was reduced anyway.

Anyone else smell a rat or is it just me?

[FourPeas]

More like S&P decides it can no longer take the risk of an inaccurate rating.

The Obama administration, otoh, *has* declared war on S&P.

[Red Badger]

Thresholds mean nothing when panic selling sets in................

[John W]

Anyone seen the administration’s five star general in this war yet? Is he out of hiding this morning? Has to be his longest stretch off tv in a month.

[FourPeas]

Is there a panic level figured into programmed trading, though? (It certainly is possible.)

[Arrowhead1952]

Pres_ _ent Down Grade owns this.

[Crawdad]

Anyone seen the administration’s five star general in this war yet? Is he out of hiding this morning? Has to be his longest stretch off tv in a month.

They can't put him in front of a camera until they're sure he can keep the smile off his face.

[John W]

Dow/Nasdaq Circuit Breakers 3rd Quarter 2011. Doom protection levels.

These will trigger if significant drops happen and all trading will be suspended for a set amount of time if not completely.

In third-quarter 2011, the 10-, 20- and 30-percent decline levels, respectively, in the DJIA will be as follows:

Level 1 Halt
A 1,200-point drop in the DJIA before 2 p.m. will halt trading for one hour; for 30 minutes if between 2 p.m. and 2:30 p.m.; and have no effect if at 2:30 p.m. or later unless there is a level 2 halt.

Level 2 Halt
A 2,400-point drop in the DJIA before 1:00 p.m. will halt trading for two hours; for one hour if between 1:00 p.m. and 2:00 p.m.; and for the remainder of the day if at 2:00 p.m. or later.

Level 3 Halt
A 3,650-point drop will halt trading for the remainder of the day regardless of when the decline occurs.

[GonzoGOP]

Thresholds mean nothing when panic selling sets in

There will be computerized trades set to buy at 11,000. Watch for a bounce a that point. In fact it will bounce twice, once for automated trades, then the second time for manual trades. If it hits 11,000 a third time my WAG says we will keep going lower.

[rolling_stone]

http://market-ticker.org/akcs-www?post=191664

just you

[relee]

Anyone seen the administration’s five star general in this war yet? Is he out of hiding this morning? Has to be his longest stretch off tv in a month.

1. He's at a fundraiser.
2. He's in a meeting planning a fundraiser.
3. He's recovering from his last fundraiser.

[no-to-illegals]

The lemon juice treatment may not be working this morning. zer0 has much to smile about this morning.

[goodnesswins]

later

[mikrofon]

"I did NOT overdo my rouge...."

[longtermmemmory]

you should see the arrogant S&P weinies trying desperatly to justify their blunder.

Nobody elected them but they are DEMANDING the USA adopt a dictatorial euro ecconomy with them deciding as the high priests of worthyness.

[Atlas Sneezed]