More bloodbaths in Asia? Check. (25 year lows in Japan would have been amusing just a pair of decades ago, you know). Moderate to heavy bloodletting in Europe? Check. It is poised to be another slap in the face of an opening, that is, if you think such things, and the index futures markets, have predictive value. Then again, index futures are rallying after having cratered to 825 around o'dark-thirty this morning, adding fuel to the "It's Different This TimeTM" crowd.
So who should we root for? A massive rally to end this downturn nonsense for the last time, and a return to the old-order, where investment banks ruled The Street and Goldman ruled the rulers (according to themselves anyhow). The kind of rally that the pessimists would say just prolonged the inevitable, is that what we want?
A dramatic, tumbling fall, complete with piles of broken ski equipment littering the hill above, drawing a long trail of graphite, injection molded plastic, and margin calls to the scene of the final "thud." At least this might get it out of the system. No?
So which is it? You know the rules. A switch of index this time. S&P 500 Index at 12:00 noon. Closest without going under wins it. We will call a "no more bets" around 11:30 or so in comments here.
Consider this a warm-up. Our closing edition will include a prize. No, really. A real prize. Stay tuned.
Posted by guest , Oct 27, 2008 9:27AM
908
Posted by guest , Oct 27, 2008 9:27AM
CitiSachs?
http://biz.yahoo.com/ap/081027/goldman_sachs_ahead_of_the_bell.html
Posted by guest , Oct 27, 2008 9:30AM
843
Posted by guest , Oct 27, 2008 9:30AM
881
Posted by arioch , Oct 27, 2008 9:31AM
862.50
Posted by guest , Oct 27, 2008 9:33AM
900
Posted by guest , Oct 27, 2008 9:33AM
855 Dave
Posted by guest , Oct 27, 2008 9:33AM
780
Posted by guest , Oct 27, 2008 9:34AM
863.
Posted by guest , Oct 27, 2008 9:34AM
865
Posted by Strabo , Oct 27, 2008 9:35AM
863.05
Posted by guest , Oct 27, 2008 9:36AM
828.53
Posted by Thoth , Oct 27, 2008 9:38AM
827.5
Posted by guest , Oct 27, 2008 9:39AM
867.5309
jenny
Posted by guest , Oct 27, 2008 9:43AM
You need to consider that a capitulation might not be in the cards.
http://online.wsj.com/article/SB122488709542968173.html
Posted by guest , Oct 27, 2008 9:43AM
835.25
Posted by Riskybusiness , Oct 27, 2008 9:43AM
868.25
Posted by guest , Oct 27, 2008 9:44AM
841.88
posted by Swiss Charlie
Posted by bittergreen , Oct 27, 2008 9:45AM
892.04
Is the prize that we get the opening bell post, again?
Posted by guest , Oct 27, 2008 9:45AM
862
Posted by guest , Oct 27, 2008 9:45AM
847
Posted by bittergreen , Oct 27, 2008 9:45AM
892.04
Is the prize that we get the opening bell post, again?
Posted by guest , Oct 27, 2008 9:45AM
869.00
- NAS Keflavik boi
Beaver and Broad, son ... and bring a baggie for ya teef!!
Posted by guest , Oct 27, 2008 9:46AM
@21 took my answer.
847.01
Posted by guest , Oct 27, 2008 9:47AM
816
Posted by Beagle , Oct 27, 2008 9:52AM
801
Posted by legal eagle , Oct 27, 2008 9:53AM
852
Posted by guest , Oct 27, 2008 9:53AM
888.88
Posted by guest , Oct 27, 2008 9:57AM
871
Seabass
Posted by guest , Oct 27, 2008 9:58AM
PI
Posted by guest , Oct 27, 2008 9:59AM
877.50
Posted by guest , Oct 27, 2008 10:06AM
905
Posted by guest , Oct 27, 2008 10:06AM
GoldCiti. George Bush is into that "Yale thing."
Posted by guest , Oct 27, 2008 10:07AM
905
Posted by guest , Oct 27, 2008 10:09AM
901
Posted by SOFA KING , Oct 27, 2008 10:09AM
882.14
Posted by guest , Oct 27, 2008 10:11AM
$1
Posted by guest , Oct 27, 2008 10:11AM
866.66
i-c-d
Posted by guest , Oct 27, 2008 10:13AM
750
Posted by guest , Oct 27, 2008 10:14AM
882.50
Posted by guest , Oct 27, 2008 10:14AM
Number one, we hit them in the mouth.
-Mike Singletery
Posted by guest , Oct 27, 2008 10:16AM
888.27
Posted by guest , Oct 27, 2008 10:17AM
888.88
Posted by guest , Oct 27, 2008 10:20AM
824.59 ---
-ham
Posted by guest , Oct 27, 2008 10:23AM
857.03
mark it down
Posted by CrazyCougar , Oct 27, 2008 10:26AM
837
Posted by guest , Oct 27, 2008 10:28AM
Enough of this grinding decline. Get. It. Over. With.
Posted by redpandot , Oct 27, 2008 10:28AM
848.4
Posted by guest , Oct 27, 2008 10:29AM
808- Children at the gate
Posted by guest , Oct 27, 2008 10:35AM
857.75
corn hole it
Posted by guest , Oct 27, 2008 10:38AM
821
Posted by guest , Oct 27, 2008 10:41AM
10,000. Chuck Norris is long S&P futures.
Posted by guest , Oct 27, 2008 10:41AM
851.6
L2classic@yahoo.com
Posted by a dead horse , Oct 27, 2008 10:44AM
882
Posted by guest , Oct 27, 2008 10:48AM
871.88
dogfacedboy
Posted by guest , Oct 27, 2008 10:51AM
856.8
Posted by guest , Oct 27, 2008 10:51AM
881.05 Rawr!
Posted by Goldman Sachs Neophyte , Oct 27, 2008 10:53AM
@33 nice "American Psycho" reference.
Posted by Conflicts of disinterest , Oct 27, 2008 10:57AM
864.25
Posted by guest , Oct 27, 2008 11:06AM
861
S Mansfield
Posted by braaak , Oct 27, 2008 11:08AM
862.23
Posted by guest , Oct 27, 2008 11:08AM
866.21 jp
Posted by guest , Oct 27, 2008 11:11AM
866.21 jp
Posted by Riskybusiness , Oct 27, 2008 11:14AM
868.25
Posted by ShortOil , Oct 27, 2008 11:15AM
869.84
Posted by guest , Oct 27, 2008 11:26AM
779
Posted by guest , Oct 27, 2008 11:31AM
878.12
Posted by hedgehog , Oct 27, 2008 12:04PM
How am I supposed to guess without the opening bell??
Posted by guest , Oct 27, 2008 1:53PM
891
Posted by guest , Oct 27, 2008 1:54PM
891
Posted by gdm , Oct 28, 2008 10:41AM
874.62 at noon
868.20 at close
Posted by guest , Oct 28, 2008 11:41AM
870