Place your bets here. Again, standard market crash Price is right rules. Closest without going under.
Comments
4
Posted by MarshallStack, Oct 09, 2008 3:41PM
8300 - where it should have fucking opened on Sept 18
5
Posted by guest, Oct 09, 2008 3:42PM
is this for today close (or low for the day?)
today low 8612
today close 8695
8
Posted by guest, Oct 09, 2008 3:43PM
Isn't it closest without going over?
One Dollar Bob... ($1)
-also I want my mug from the rate cut some donkey cut me off...
don't short me bro... love that...
13
Posted by guest, Oct 09, 2008 3:45PM
@9-- those are standard price is right rules. these are "market crash price is right rules."
15
Posted by guest, Oct 09, 2008 3:46PM
@8 $2
I never understood why the next person didn't always do this to the $1 bid
21
Posted by MarshallStack, Oct 09, 2008 3:48PM
I am sorry - what are the rules again?
Is down 600 a crash or a correction?
It could be viewed as backing, filling and burying in wet cement.
Good thing I am out of cash.
Bess - hold me.
26
Posted by MarshallStack, Oct 09, 2008 3:50PM
Everybody Dance NOW!
28
Posted by guest, Oct 09, 2008 3:50PM
Bloomberg: Bush Will Meet With G-7 Finance Chiefs to Tackle Credit Crisis, Aide Says
All better now
33
Posted by guest, Oct 09, 2008 3:50PM
dow will go down to 7000-7500 before we see a recovery in stocks.
Average Investor has 0% faith in our banking system, financial markets and corporations right now.
40
Posted by guest, Oct 09, 2008 3:52PM
today, 8545. By the end of next week, 4,000 and the Fed takes over the whole banking system. BoE does the same in UK, riots ensue, run on banks, we are all fucked.
42
Posted by guest, Oct 09, 2008 3:52PM
@32, I believe they equate to fuck off and die after like 2:30. 10%, 20%, 30% otherwise
44
Posted by guest, Oct 09, 2008 3:53PM
This is what happens when the Jews arent around to control stuff
48
Posted by guest, Oct 09, 2008 3:54PM
0.
President Obama: All your securities is now belong to us. There is no more trading, no more market, no more index.
49
Posted by guest, Oct 09, 2008 3:54PM
I said 9-11 lows a long time ago. I believe I said 7250 and got the usual idiotic db responses.
51
Posted by MarshallStack, Oct 09, 2008 3:55PM
@40
We are all going to get fucked?
So its not all bad news then.
I call Bartiromo.
52
Posted by guest, Oct 09, 2008 3:56PM
Now that that's out the way:
MEMO TO WHOEVER'S IN CHARGE: DO *NOT* SHUT THE MARKETS.
AND CAN'T YOU SEE THAT SHORT SELLING IS BEING MANIPULATED? AT LEAST MAKE EVERY SHORT SOLD SHARE BE BORROWED AND FOR GAWDS'S SAKE REINSTATE THE UPTICK RULE.
FORTHELUVOF*PETE*
~theGuest
56
Posted by Beerio, Oct 09, 2008 3:56PM
8523....
Then below 8k tomorrow. And it'll still be overvalued.
59
Posted by guest, Oct 09, 2008 3:57PM
The chart guy says it will go real low and then go up and then go real real low in a month or so. We all thought he was nuts but maybe not.
66
Posted by guest, Oct 09, 2008 3:58PM
Ratigan and Bartirommo seems as though they are about to just lose it. They are talking like they are on something.
69
Posted by guest, Oct 09, 2008 3:59PM
48 Bush: administration out of desperation created a housing bubble in order to create the illusion of prosperity. This was then exposed as essentially one big fraud and then collapsed, bringing down everything with it.
76
Posted by guest, Oct 09, 2008 4:02PM
#5 here - i think i was damn close on both clsoe and low for the day....
80
Posted by StillNoCouch, Oct 09, 2008 4:05PM
9014.4 @ Close
84
Posted by guest, Oct 09, 2008 4:09PM
time to change the headline again. Hello, 8500s! Been a long time since we've seen you.
85
Posted by guest, Oct 09, 2008 4:09PM
@75, I am being totally serious. Prepare for a nice nuclear winter type of environment
86
Posted by girl, Oct 09, 2008 4:09PM
Sooo, does this mean party at southwest.
I need to know where I stand on the price of my G&T
90
Posted by RAW DOG, Oct 09, 2008 4:16PM
Bess - do we still need that email to partake in those downtown bar specials on this horrendous market day?
93
Posted by guest, Oct 09, 2008 4:16PM
@45 finally someone's not sugar coating this BS anymore...I call the Dow at 0 in 3 mos.
94
Posted by guest, Oct 09, 2008 4:18PM
@40 finally someone isn't sugar coating this BS anymore...if it's even possible (who really knows anymore), I call the Dow at 0 in 3 mos.
95
Posted by guest, Oct 09, 2008 4:18PM
I'm off to stand in line for vodka and a fur hat. Be well, comrades.
97
Posted by guest, Oct 09, 2008 4:19PM
#85. That is a really scary thought. So how do you prepare for "a nice nuclear winter type of environment"? Take all your money out of the bank and put it in Sealy bank? I mean what can you do?
99
Posted by guest, Oct 09, 2008 4:20PM
my theory: dow is converging to 3mo MA temperature (NY) x 100. (S&P x 10). you think it's bad now, wait until winter.
101
Posted by guest, Oct 09, 2008 4:21PM
#93, ZERO? Does that mean all stocks become worthless? So does that mean sell with the next surge?
Been in the market over 20 years, have lost all my profit.
102
Posted by guest, Oct 09, 2008 4:22PM
Yo, I thought David Einhorn had the day off today... wasn't there some sort war in the 1960's around this time?
104
Posted by guest, Oct 09, 2008 4:22PM
@94, Not necessarily 0, but 3500-4000 range yes. Fed will put controls on deposit withdrawals, similar to what was done in Argentina and Mexico. We are now a third world country.
105
Posted by guest, Oct 09, 2008 4:22PM
@69 (hehe) the other day i spilled a can of paint in my garage... fucking Bush
106
Posted by guest, Oct 09, 2008 4:23PM
@94-95,
Capitalism will reign in America, so will properity. Optimism shall return and so shall the consumer.
So it was written, so it shall be done.
- Voice of Reason
107
Posted by guest, Oct 09, 2008 4:24PM
Huh, that's funny I don't remember their being $5.00 Goldman Puts this time last week... what do you suppose that means?
108
Posted by guest, Oct 09, 2008 4:24PM
@97
You stupid fuck. If you have listened to the people here, you would have withdrawn some cash and placed them in the safety deposit box weeks ago. Where were you? Iceland? Now go withdraw your money before they seal all the banks during the "bank holidays"
Don't cry if you can't get your money out. Bitch!
@all whiners
Stop whining like you've never seen a bubble burst before. We've seen that in 1999 and we haven't even reach THAT proportion yet.
Cramer sign out. Booya!
109
Posted by guest, Oct 09, 2008 4:25PM
who cares about the dow, even if you sell today - your cash (and gold) will be worthless in 2 weeks. Go long weapons and MMA experience...
111
Posted by guest, Oct 09, 2008 4:26PM
@97
In the scenario 85 is talking about, I don't think that paper money will really have any sway. Start thinking in terms of canned food, bottled water, guns and bullets (to keep away the roaming cannibal gangs).
114
Posted by guest, Oct 09, 2008 4:28PM
How much money do you take out? How do you figure out what to do?
117
Posted by guest, Oct 09, 2008 4:30PM
To those who have not cashed out, you're worse than a guy from delaware.
Fuck you!
The Guy From Delaware
118
Posted by guest, Oct 09, 2008 4:30PM
@115,
Mixed Martial Arts, at best hope you can throw a punch if needed.
119
Posted by guest, Oct 09, 2008 4:30PM
"THEY HAVE NO IDEA!! NO IDEA!!" Anyway, I am going with 8376
122
Posted by guest, Oct 09, 2008 4:31PM
@114,
Each person is different, but a good rule of thumb is to pull out about 3 months worth of living expenses in cash. The physical type. You can not rely on your ATM debt card or your credit card to work.
The green paper with pictures of dead guys still work at most stores and is considered legal tender to pay your bills with.
~
123
Posted by guest, Oct 09, 2008 4:31PM
Screw Cash... I'm buying a Generator, 500 gallons of Gas, years worth of food and beer and as many guns and ammo as I can get my hands on and heading to the mountians.
125
Posted by guest, Oct 09, 2008 4:32PM
LAWWWWWWWWWNNNNN DAAAARRRRTTTTTTTTTT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
126
Posted by MarshallStack, Oct 09, 2008 4:32PM
Wait a minute.
Stephen Hawkings in on CNBC saying it's all realtive.
We are OK.
It could be worse.
To quote someone at the Palin rally, "KILL HIM!"
129
Posted by guest, Oct 09, 2008 4:33PM
@115,
Mixed Martial Arts, at best hope you can throw a punch if needed.
130
Posted by guest, Oct 09, 2008 4:33PM
Do not bring out those "smartest guys in the room" ...anymore... ever. Just shut the F Up. Or just confess we are all jack asses.
132
Posted by guest, Oct 09, 2008 4:33PM
Guys,
It looks as though Stan "The Man" O'Neal knew what was up. This picture was taken 6 mos. ago.
http://yeinjee.com/discovery/wp-content/uploads/2008/03/zimbabwe-cash-inflation.jpg
133
Posted by guest, Oct 09, 2008 4:34PM
cash? for god sakes why? take all your "cash" and buy as much "vice" as you can and live your remaining days as a happy soul. Otherwise I will be gnawing on your carcas for food by Xmas
134
Posted by guest, Oct 09, 2008 4:35PM
Guys,
Looks as though Stan knew what was up when a long time ago.
http://yeinjee.com/discovery/wp-content/uploads/2008/03/zimbabwe-cash-inflation.jpg
136
Posted by guest, Oct 09, 2008 4:37PM
We've known this whole stinking shit house was going down for at least 2 months now. Quit being such fucking pussies and buy puts on the insurance companies.
137
Posted by Bess Levin, Oct 09, 2008 4:38PM
Oh, hey. Our fucking publishing platform is down again (and spare me the "your 12 year old IT guy" comments, because this is something the people who build/operate our sites handle). Anyway:
The Bad News:
- Dow dropped 680 points
- GM was put on credit watch negative, and fell to 1950's lows
- Shares of Merrill Lynch and Morgan Stanley dropped 25%
The Good News:
- RE: S&P's hit on GM, we'll probably get to see Dylan Ratigan go circus freak crazy on their asses, a la this (http://www.cnbc.com/id/15840232?video=859038023&play=1), some time soon
- Whoever guessed closest to the close--before the close, Mensa men and ladies-- will receive a free facial, on DB (e-mail us for details: tips at dealbreaker dot com).
- Adorable woodland creature Dick Bove has a creepy ass stalker who left a message for him on our voicemail late last night (will post it when I can, you know, post), which means he's made it to the big leagues! Take that, Whitney. Take that.
138
Posted by guest, Oct 09, 2008 4:39PM
Fuckers who have not withdrawn physical cash better cash out now. Don't come whining over here about not being able to cash out at the branches. Ok? We clear here?
Good. Don't let me hear the whinings in the coming weeks.
139
Posted by guest, Oct 09, 2008 4:39PM
In any case, who gives a shit about the stock market. The credit markets is where its at right now, and it is not pretty. That is why the governments will step in and own your bank. We are all going the way of Zimbabwe; the printing presses over in DC are smoking from all the dollars they are printing, and the Fed is just throwing them into a burning pit, hoping that they put out the fire with printed paper. I don't think so...
140
Posted by guest, Oct 09, 2008 4:39PM
In any case, who gives a shit about the stock market. The credit markets is where its at right now, and it is not pretty. That is why the governments will step in and own your bank. We are all going the way of Zimbabwe; the printing presses over in DC are smoking from all the dollars they are printing, and the Fed is just throwing them into a burning pit, hoping that they put out the fire with printed paper. I don't think so...
141
Posted by guest, Oct 09, 2008 4:40PM
In any case, who gives a shit about the stock market. The credit markets is where its at right now, and it is not pretty. That is why the governments will step in and own your bank. We are all going the way of Zimbabwe; the printing presses over in DC are smoking from all the dollars they are printing, and the Fed is just throwing them into a burning pit, hoping that they put out the fire with printed paper. I don't think so...
142
Posted by MarshallStack, Oct 09, 2008 4:46PM
I love you Bess.
Gold traded through SPX today - bit of a landmark.
Oh well. I had a good run.
143
Posted by guest, Oct 09, 2008 4:46PM
@137 Bess, how do you still manage to sound so hot on a 700 point drop?
144
Posted by RamblinWreck, Oct 09, 2008 4:48PM
Kind of an ironic ending to the 1 yr anniversary of the Dow all-time high.
145
Posted by guest, Oct 09, 2008 4:50PM
@118 & 129... Thank You, No need for punches when Glock is around. He throws 17 punches real fast.
146
Posted by MarshallStack, Oct 09, 2008 4:50PM
What is irony?
148
Posted by RamblinWreck, Oct 09, 2008 4:52PM
I was using it in the colloquial sense...
150
Posted by guest, Oct 09, 2008 4:57PM
Does all this mean hemlines will go lower?
~SAC Feminine Apparel Dude
153
Posted by guest, Oct 09, 2008 5:00PM
Financialtraders Blogger pushes for Treasury department to announce a plan in which they would indicate that they would take a position in the stock market as a whole.
Market should move big tomorrow 10-10-2008.
http://financialtraders.blogspot.com/2008/10/stock-market-crash-september-october.html
154
Posted by guest, Oct 09, 2008 5:03PM
anyone see Tontine's letter to clients? I have it... how do i post a pdf?
Gendell wants to buy regional banks.
He and Bove should go start a fund.... maybe name it Douche Capital.
157
Posted by MarshallStack, Oct 09, 2008 5:06PM
I would like a colloquial, very cold, up with a twist.
And I would like to purchase one bullet and rent a handgun.
Posted by Tapecracker, Oct 09, 2008 3:40PM
<8899