Huge stock market dump today...

[Broncojohnny]

Tokyo got hammered, futures way down here. If you want to buy shares in anything at financial crisis prices, this may be your chance.

[Denny]

Ya, I just linked a story on the Japan thread. 11% today alone...

FFFFFFFFFFFFFFFFFFFFFFUUUUUUUUUUUUUUUUUUUUUUUU

Disposable cash would be good for this.

[Vertnut]

I guess the real question is how much we'll feel it here. I was surprised it was only 50 points or so yesterday.

[Denny]

I guess the real question is how much we'll feel it here. I was surprised it was only 50 points or so yesterday.

It was 6% yesterday on the Nikkei and went to 11% today. Only thing I see green so far is the worthless dollar. Futures licking ass too.

[Broncojohnny]

I guess the real question is how much we'll feel it here. I was surprised it was only 50 points or so yesterday.

If I had to guess I would bet that the DOW goes down over 350 points at sometime today. Just my guess.

I build up significant amounts of cash waiting for days like this but I won't be buying anything yet as I think we are going to have a rough time over the next couple of weeks until the reactors are squared away.

Funny how the speculators are bailing out of oil as fast as they can...

[talisman]

Glad I didn't wait to cash out last week. lol

[Denny]

If I had to guess I would bet that the DOW goes down over 350 points at sometime today. Just my guess.

I build up significant amounts of cash waiting for days like this but I won't be buying anything yet as I think we are going to have a rough time over the next couple of weeks until the reactors are squared away.

Funny how the speculators are bailing out of oil as fast as they can...

Ya, I have a feeling that people will be pulling and holding cash, rather than moving into anything, thus the dollar rise.

[Denny]

Glad I didn't wait to cash out last week. lol

I usually wait to see the actual bottom, rather than anticipate it. There is no shame in buying (if you're going to re-enter) on the beginning of the upswing, rather than trying to catch the absolute bottom. Right now, I'm not going to listen to anyone guessing the absolute bottom until I see people re-entering the markets.

[Denny]

Here is some good reading material while you're waiting for a buy opportunity.

http://www.mybudget360.com/giant-american-banking-deception-deposit-insurance-fund-fdic-fantasy-too-big-to-fail-banks-get-bigger-hide-bad-assets/

An insolvent FDIC is trying to back $7.4T in deposits. Shit. BoA and JPM have $2T each. The average American is only making like $25K. Funny thing is, if it came down to covering claims on a massive scale, who do you think would be covered first? By the time it got around to you, What would your dollar look like?

Just food for thought...

[Denny]

Jeez... look at that shit.

[thesource]

Down 300 points at one point this morning.....

[Broncojohnny]

Here is some good reading material while you're waiting for a buy opportunity.

http://www.mybudget360.com/giant-american-banking-deception-deposit-insurance-fund-fdic-fantasy-too-big-to-fail-banks-get-bigger-hide-bad-assets/

An insolvent FDIC is trying to back $7.4T in deposits. Shit. BoA and JPM have $2T each. The average American is only making like $25K. Funny thing is, if it came down to covering claims on a massive scale, who do you think would be covered first? By the time it got around to you, What would your dollar look like?

Just food for thought...

Meh, the FDIC never was supposed to cover every dollar of deposits. Granted they are in bad shape but last I heard they were raising the fees they charge banks to be insured by them.

[Broncojohnny]

Down 300 points at one point this morning.....

Not down as much as I had hoped, I need another day like this before I will buy anything.

[Denny]

Not down as much as I had hoped, I need another day like this before I will buy anything.

I think it's still coming. I just made a small silver purchase, though.

[Broncojohnny]

I think it's still coming.

I agree. If the Japanese reactors go into a meltdown there will be another huge sell off.

Meanwhile, in Libya, Gaddafi has killed everyone. And no one cares. lmao, what a joke the world is.