Monday

[Joecooool]

Think it could drop more that 1500 points?

[Exotix]

I think we may find out starting in about 15 minutes ...

https://www.thevettebarn.com/forums/p...s-turmoil.html


CNBC to Air 'Markets in Turmoil' Special as Asian Markets Open Sunday

Tonight


Following a tumultuous week on Wall Street, Standard and Poor's downgraded the US credit rating to AA+ late on Friday.


UPDATE ~ CNBC have announced that the show will now air between 8pm and 10pm ET, rather than the 9pm ET start time as previously reported.

The first time that the markets will get to react to the news will be late on Sunday, when the markets in Asia open for trading.


CNBC will be airing a live special at 8pm ET anchored by Maria Bartiromo and Bill Griffeth, looking at the week ahead with analysis and opinion from a panel of experts, and also live reports from Europe where concerns of a spreading debt crisis contributed to last week's downward movement in world markets.

The show will also feature live reports from Asia where the markets will be into their first few hours of trading, and will be the first markets to react to the US sovereign credit downgrade.

[ChasC5]

This will be just great for the County First Crowd.

[BuckyThreadkiller]

I would imagine trading will be stopped at some point.

[ChasC5]

Originally Posted by BuckyThreadkiller

I would imagine trading will be stopped at some point.

Only if the Tea Party demands it from the GOP.

[BuckyThreadkiller]

Originally Posted by ChasC5

Only if the Tea Party demands it from the GOP.

I'll ask the obvious question - how exactly does either entity have anything to do with the New York Stock Exchange or NASDAQ?

[ChasC5]

Originally Posted by BuckyThreadkiller

I'll ask the obvious question - how exactly does either entity have anything to do with the New York Stock Exchange or NASDAQ?

Or th Debt Ceiling.

The answer is nothing!


Now you understand

[BuckyThreadkiller]

Axelrod was all over the news today blaming the Tea Party for the downgrade.

The Left and the Right need to understand - the Tea Party exists for one reason and one reason only - a fringe element believes that the government has screwed up to the point that it cannot be trusted with the money it leverages from the citizens.

They aren't about to compromise on issues that skirt around that any more than the Green party folks would compromise on environmental issues.

Blaming Tea Partiers for the debt issue is like blaming the brakes on a car for it going too fast.

[ChasC5]

Originally Posted by BuckyThreadkiller

Axelrod was all over the news today blaming the Tea Party for the downgrade.

The Left and the Right need to understand - the Tea Party exists for one reason and one reason only - a fringe element believes that the government has screwed up to the point that it cannot be trusted with the money it leverages from the citizens.

They aren't about to compromise on issues that skirt around that any more than the Green party folks would compromise on environmental issues.

Blaming Tea Partiers for the debt issue is like blaming the brakes on a car for it going too fast.

I think at my earliest age, I learned how Government is supposed to work. I know for a fact, it not my way or no way.

Do you disput that fact?

[BuckyThreadkiller]

Originally Posted by ChasC5

I think at my earliest age, I learned how Government is supposed to work. I know for a fact, it not my way or no way.

Do you disput that fact?

I do.

Representative government means just that. Our elected officials are there to represent the interests of the voters who sent them there. If they run on a platform that says they will do everything in their power to stop the growth of government, rein in spending and work for a balanced budget, then is it their DUTY to do those things. Anything less is contrary to the mandate they were given by their voters.

Our current system is based on the giving and receiving of favors from one constituency to another. Historically this has led to bad policy and deferred disasters.

[ChasC5]

Originally Posted by BuckyThreadkiller

I do.

Representative government means just that. Our elected officials are there to represent the interests of the voters who sent them there. If they run on a platform that says they will do everything in their power to stop the growth of government, rein in spending and work for a balanced budget, then is it their DUTY to do those things. Anything less is contrary to the mandate they were given by their voters.

Our current system is based on the giving and receiving of favors from one constituency to another. Historically this has led to bad policy and deferred disasters.

So do you agree that the Majority Rules?

Thanks for the clarity.

[BuckyThreadkiller]

Originally Posted by ChasC5

So do you agree that the Majority Rules?

Thanks for the clarity.

I do.

[VITE1]

I strongly doubt a 1500 point drop. It will , most likely, go down.

US stocks themselves are strong. Since many are sitting on lots of cash offshore they look good and many are expanding operations offshore. They will continue to do business around the world.

What is happening is the rest of the world is starting to realize that the USA is no longer going to drive the world economy and that they now have to re think their political and financial affiliations.

[MattW]

NYSE has a series of "circuit breakers" on trading. If the market drops 10% early (1200 points), they have to suspend trading for an hour. If it drops 20% subsequently, trading is suspended for 2 hours. If it drops 30%, the market closes.

Will it drop enough to trip the "circuit breakers"?

http://en.wikipedia.org/wiki/Trading_curb

[ft laud mike]

Originally Posted by Wadoka

NYSE has a series of "circuit breakers" on trading. If the market drops 10% early (1200 points), they have to suspend trading for an hour. If it drops 20% subsequently, trading is suspended for 2 hours. If it drops 30%, the market closes.

Will it drop enough to trip the "circuit breakers"?

Trading curb - Wikipedia, the free encyclopedia

Should be an interesting day

[ChasC5]

Originally Posted by BuckyThreadkiller

I do.

So you had no problem with 75% of Americans agreeing with shared sacrifice?

[ChasC5]

Originally Posted by VITE1

I strongly doubt a 1500 point drop. It will , most likely, go down.

US stocks themselves are strong. Since many are sitting on lots of cash offshore they look good and many are expanding operations offshore.

I've been saying this for over a year.

[RedLS1GTO]

Originally Posted by ChasC5

So you had no problem with 75% of Americans agreeing with shared sacrifice?

Yes. Shared sacrifice for ALL. Including the nearly half who don't pay a dime.

Bunch of idiots use the words "shared sacrifice" but conveniently leave themselves out of the sacrificing. They use the words "fair share" to describe raising taxes on 5% of Americans.

Let me know when a one actually wants to be a part of the sacrifice that they so passionately argue for.

"Raise taxes... but not mine." It's the liberal way.

[ChasC5]

Originally Posted by RedLS1GTO

Yes. Shared sacrifice for ALL. Including the nearly half who don't pay a dime.

Bunch of idiots use the words "shared sacrifice" but conveniently leave themselves out of the sacrificing. They use the words "fair share" to describe raising taxes on 5% of Americans.

Let me know when a one actually wants to be a part of the sacrifice that they so passionately argue for.

"Raise taxes... but not mine." It's the liberal way.

So why didn't you like the Presidents plan, he was going to cut into entitlements if the top 1% paid the same amount as their janitors.

[RedLS1GTO]

Originally Posted by ChasC5

So why didn't you like the Presidents plan, he was going to cut into entitlements if the top 1% paid the same amount as their janitors.

1st, Please show me where I said even a single word about the President's plan.

2nd, None of the plans out there are even CLOSE to cutting the asinine entitlements as much as they should be cut.

3rd, I'll believe that a liberal will cut entitlements by even $1 when I see it. He might throw some of his usual used car salesman wording in there to make it look like he comprimised, but welfare, food stamps, and the other dumbass programs out there will continue just as they are. There is no way he takes away from his pathetic, lazy voter base who feel like they deserve money simply for existing.