Lou Dobbs said that Dow and S&P futures are down 4%

[Renew Deal]

That's 480 points! Is this correct?

[ChairmanAgnostic]

1. yup.

a bad day, DURING a holiday.

China, Hong Kong, and europe all shot their wad, too.

[MercutioATC]

2. I can't wait to see the market open tomorrow...

...glad I'm in bonds...

[Renew Deal]

3. But is it really down 4%?

[DJ13]

7. "But is it really down 4%?"

Futures

DJIA INDEX 11,602.00 -504.00

S&P 500 1,265.30 -60.00

NASDAQ 100 1,772.75 -76.75

http://www.bloomberg.com/markets/stocks/futures.html

[Renew Deal]

9. Holy shit!

[RUMMYisFROSTED]

4. I can wait.

Unfortunately, I have to live with the invisible meaning of it all.

[still_one]

5. If you are not diversified, or hedged a month ago, it is too late. just ride with it

It is going to be ugly

However, this should be the capitulation, which at least should provide a short term bottom

Where it goes from there depends on a lot of factors

[AlCzervik]

11. panic selling could be extreme tomorrow.

i'm long on all the stocks we have, not that we that mnay but i never sell short.

[still_one]

15. The problem is that if you look at the charts, 11000 on the dow is the next support level

and about 1225 on the S&P. Programs could really move this fast

The ones who will are screwed will be those on margin, and have to sell

It is interesting that they recently removed the down tick rule on shorting which had been in effect since the depression, and also removed some of the circuit breakers that were in place after the 1987 downturn

We should just be thankful that Congress DIDN'T tie Social Security to this mess

It may take some time to recover, but not only are we in a bear market, you don't have to wait for the government to tell you we are in a recession

Hopefully, they will start to act quickly to reduce its impact

We people see their 401K statements I don't think they will be very pleased

[AlCzervik]

18. you mean Margin calls? God i'd be puking if i bought that way.

[still_one]

19. A lot of people do. I wouldn't be surprised if the fed intervenes before the market opens

[AlCzervik]

20. yikes! investing is one area that i'm conservative.

[still_one]

22. Good, nothing wrong with being diversified either /nt

[MercutioATC]

24. They have their hands full right now...bet ya they let the correction run.

(which is really what they should do anyway)

[Marie26]

6. So if you sell stocks today,

will it be sold at Friday's prices or Tuesday's price? Wondering if can sell some now to avoid the possible crash tomorrow.

[MercutioATC]

12. If you "sell" now, they won't sell until the market opens tomorrow morning

...unless you're an after-hours trader (and I have no idea what that entails).

For most of us, a market sale now will execute tomorrow morning.

[Marie26]

13. Thanks

I'm feeling jittery, but it's probably a better idea to just wait it out... right?

[MercutioATC]

14. For the moment, probably.

It's mostly a danger for those with large amounts of money in stock funds. Individual stocks are bought and sold under different criteria. Funds are simple buy or sell depending on market indicators. The indicators said to get out long ago.

[Marie26]

25. Ah, well

They said that stock index mutual funds were safer than individual stocks. Diversification isn't always the best way to go, but I guess it's too late to change now.

[still_one]

17. You have to be affiliated with a broker who allows you to do pre-market trading

A lot of things can happen between now and tomorrow morning, INCLUDING FED INTERVENTION, before their regular meeting

[still_one]

16. No way. If you have an international account you can get in at the CURRENT prices

you can also trade the U.S. before the market opens, but essentially it is too late if you haven't already positioned yourself

My advice is unless you have to sell, DON'T

[n2doc]

8. Damn immigrants!

Must they foul up everything? Lou must be thinking this to himself.....

[Blue Diadem]

10. 4.5% Dow and 4.7% S&P according to late breaking news article:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x3149925

[still_one]

21. I would have hoped people would have learned from 2001 and diversified

if not, where have they been the last 3 months when the dow shed 2000 points?

A very tough lesson will be learned by some

[MercutioATC]

23. Diversification is for those who don't want to watch the market.

I'd hate to be diversified right now...some of my investments would still be in stocks.