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Will the Stock Market fall like a stone today?

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ClintonTyree Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-05 05:24 AM
Original message
Will the Stock Market fall like a stone today?
I would imagine the Market will react badly to this, although as details become more readily available maybe sanity will return. Not that it's all that important in comparison to the carnage in London.

But, what will this do to the Market today? :shrug:
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still_one Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-05 05:25 AM
Response to Original message
1. They may not even open it
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swag Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-05 05:26 AM
Response to Original message
2. futures contracts are in the toilet
http://money.cnn.com/markets/morning_call /

as well as FTSE, CAC40, etc.
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non sociopath skin Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-05 05:26 AM
Response to Original message
3. Has in London.
BBC reported FTSE down 100 points.
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Tandalayo_Scheisskopf Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-05 05:26 AM
Response to Original message
4. Late reports have the FTSE...
Down by 160. So yeah, look for the chocks to come out then put back in by the automatic market stops.
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Melodybe Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-05 05:26 AM
Response to Original message
5. Insensitive much! bombs are still going off!
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ClintonTyree Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-05 05:38 AM
Response to Reply #5
9. I know what's going on...
and did you read the entire post? Huh? I SAID that is was not that big a deal with all of the carnage going on. Take a pill. We're all upset about this but it will have myriad consequences throughout the world. :eyes: Knee-jerk reactionism isn't very becoming.
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Melodybe Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-05 06:31 AM
Response to Reply #9
12. I just feel like instead of worrying about the stock market we should be
completely focused on this, until we know it's over atleast.

Some of us have friends and family or are in London right now.

Sorry for the knee jerk, though.
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converted_democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-05 05:26 AM
Response to Original message
6. I don't think it will have a good effect.
Edited on Thu Jul-07-05 05:28 AM by converted_democrat
Don't quote me but the Dow is setting at like 10,270, I'd bet it will go to 10,000. I feel so bad for the people of London. This is a sad day.
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No Michael Savage Donating Member (74 posts) Send PM | Profile | Ignore Thu Jul-07-05 05:29 AM
Response to Original message
7. Don't know, but the pound is falling like a rock
I turned on CNBC and the dollar is gaining aginst only one major currency, the pound.
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NMMNG Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-05 05:33 AM
Response to Original message
8. Frankly I don't give a f*ck
People have been injured and killed. Others are wondering if their loved ones are alive or dead. Who gives a shit about the freaking stock market right now? :eyes:
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Sgent Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-05 05:40 AM
Response to Reply #8
10. The DJIA
will open with a 240 pt drop, but may get better over the day.
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Monkie Donating Member (675 posts) Send PM | Profile | Ignore Thu Jul-07-05 06:29 AM
Response to Original message
11. 3% drop across Europe which is pretty big,pound down too
http://news.bbc.co.uk/2/hi/business/4659349.stm

"The UK's benchmark FTSE 100 share index tumbled 177 points, or 3.4%, to 5,053. In France, Germany, Holland and Spain indexes all fell more than 3%.

The pound also dipped, while many investors sought safety in the Swiss franc and commodities such as gold. The price of crude oil dropped in London. "
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Patty Diana Donating Member (555 posts) Send PM | Profile | Ignore Thu Jul-07-05 07:28 AM
Response to Original message
13. I'm watching Bloomberg Report on Europe_everything is in the deep red
can you imagine what will happen in America
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BooScout Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-05 07:41 AM
Response to Original message
14. Some of you need to take a chill pill
My DH is British and even he wondered about the Pound and FTSE this morning.

Yes he is concerned about friends and family, but he has called and they are all right. The Brits have lived with terrorism for years and can handle things pretty damned well when it comes to it and I doubt a conversation about how this will affect the economy or the markets is going to cause much of a stir with too many of them.

I for one am not one to wail and wring my hands either. The deed is done. Discuss it, debate it, provide sympathy and condolences but don't beat each other up over it.
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