Less than 5 minutes into the day, Dow is down over 105 pts. n/t

[harlinchi]

[MadHound]

1. Love the graph line on Bloomberg site

Straight down:scared:

[Double T]

2. Everyone pays for the insatiable GREED of a few.

[Eurobabe]

3. bloodbath. red ink on the dax, etc.

http://www.nytimes.com/2007/08/16/business/worldbusiness/16cnd-asiastox.html?_r=1&hp&oref=slogin

[eleny]

4. CNBC: Feds add 12B to financial system via overrnight repo

That's their breaking news at the bottom of the screen.

[NMDemDist2]

5. and it slowed it down for about 10 minutes

managed to go from 90 pts down to only 56, but it's back to 80 pts again

this may be Black Thursday.....

[eleny]

6. And the 12B was on top of 5B

So, overnight it's 17B.

[Warpy]

7. Markets around the world were down

When I went to bed last night, all the Asian markets were showing so much red ink they looked like they were bleeding to death.

European markets dropped, too.

This isn't likely to be over soon.

This is the beginning of the collapse all of us doom and gloomers have been warning about.

An economy founded on debt is not a sustainable one. When wealth concentrates at the top and debt collects at the bottom, the whole thing is prone to a crash.

The stock market will survive. Most housing will survive. Neither will lose all its value. What will not survive are people and institutions whose debt is far greater than assets.

You can't offshore the paychecks and onshore the bills and expect to survive for long.

[NMDemDist2]

8. hey Warpy! can you explain what it means that the Yen is at 114.5?

does that mean the USDollar is tanking bigtime?

:hi:

[Double T]

9. This site might provide you with the info you want.

http://www.x-rates.com/

[NMDemDist2]

10. it's still showing it above 117, I read somewhere that 116 was a

benchmark to watch for and now it's at 114

:shrug:

[Double T]

11. Here is the 30 day graph: Japanese Yen to U.S. Dollar

http://www.x-rates.com/d/JPY/USD/graph120.htm

[harlinchi]

12. From where do the cash injections by central banks come?

To whom or where do they go? I've read posts saying that such infusions merely aid hedge fund managers and billionaires. I've read of extraordinary amounts being 'added' to the availability of money. I've also read that the US no longer reports on the total supply of money in the economy. Is actual sabotage occurring?

[Double T]

15. Here's the info YOU wanted........

http://www.bloomberg.com/apps/news?pid=20601087&sid=a_zbJQdTAZnM&refer=home

[Warpy]

14. The dollar has actually done a little better against the Euro

which, IMO, is a more reliable measurement.

The buck is holding its own for now.

In any case, these are being measured in ten thousandths of a penny. The general trend for the dollar is down, but it's a slide, not a tank.

[Eurobabe]

16. that won't last. good time to move $$ into euros.

would you buy "stock" in a bankrupt country? if you buy $$ that's basically what you are doing. eurozone has much more stable fundamentals and alot less debt.

[slackmaster]

13. My main brokerage account is down a whopping $28.74 on the day

:shrug: