Market meltdown

[charliep]

USDA crop production report is adding fuel to the meltdown on the commodity side. Hopefully all have made the sales they need to to cover cashflow to well into next winter.

[parsley]

wedino,
Downloading?

[agstar77]

You can take that statement anyway you want, I give up. Tired and too depressed by the economic results to dispute you.

[Choice2U]

Seems lately that the Cdn dollar has been MORE tied to the price of oil. When oil was shooting up, our $ was climbing. Now that oil is taking a kicking, our dollar is getting hit hard as well. Other fundamentals seem to be forgotten.

[charliep]

Dow (not finished trading) below 8000 at one point. How low can we go?

[Kodiak]

Cdn$ down over 400 points. Barely above .83US. How low can that go?

[cottonpicken]

There is a demand for dollars because people are getting out of dollars and into cash.

They are running from one burning house into another.

8000 is a support line,below that 4000.
As scary as that sounds.

One of these days you can kiss gold goodbye to the upside.

[cottonpicken]

Should have read "out of stocks and into cash"

[charliep]

What I am finding interesting is the volality in the market. Picking on the Dow again at 2:00 MDT. Low today - 7900. High 8900. Last trade 8600. Nothing here for the faint of heart trading.

[cottonpicken]

God damn i love this guy!


http://www.cnbc.com/id/27097823

Great video of "the man" smackin around some idiots!


The real funny part about all this is you HAVE to play in this ball game.
Everybody needs/has money.
You have to pick a team.