The Market Is About To Sell Off "Big Time"

[DemocratSinceBirth]

I don't know what the answer is; that's beyond my ken...But I do know John McClown and the Republicants have made a mockery of the entire process...

[godai]

1. To put a number on that...Dow futures down 199.

Not that bad...Depends where it goes after the opening but it doesn't look that bad.

[DemocratSinceBirth]

2. What's Fair Value?

~

[godai]

4. DOW +24 (from CNBC) but I don't know what that means. n/t

[DemocratSinceBirth]

7. You Have To Or Subtract The Futures From Fair Value?

That means the market is down 224 points and not 199 points...

[godai]

9. Thanks for the explanation. n/t

[DemocratSinceBirth]

12. There's Some People Here Who Know A Hell Of A Lot More Than I Do

They can tell you about derivates and credit swaps and what not...

[godai]

5. Yahoo finance: S&P futures vs fair value: -22.30. Nasdaq futures vs fair value: -53.30

http://finance.yahoo.com/marketupdate/overview?u

[Labors of Hercules]

3. Depends on how much investors believe these Repukes can

obstruct the process. McCain is a fool. Even people who oppose the concept of a bailout are swayed when the stock market tanks.

[PBS Poll-435]

6. Today is going to suck. Big time.

Washington Mutual is now worth 13 cents per share.

[slackmaster]

8. No, Washington Mutual is worth $0 per share

Holders of WaMu common stock are officially wiped out.

[PBS Poll-435]

10. You are right about the big picture, but the stock is still being traded

16 cents now.

[DemocratSinceBirth]

11. My Home Loan Is With WAMU

I am glad I owe them money and they don't owe me money...I do have to make sure they are diligent in paying my homeowner's insurance and property taxes out of escrow...

[slackmaster]

13. Yes, keep a close watch over that impound account

Even healthy institutions screw up paying taxes and insurance.

[DemocratSinceBirth]

16. WAMU Already Did

I had to personally drive to my insurance agaent and pay my homeowners insurance because they neglected to pay...Of course, I got reimbursed...

[Bad Thoughts]

14. So ... Any Bets on When They Stop Trading? n/t

[DemocratSinceBirth]

15. I Forgot When They Stop Trading

I don't think it will get that bad...

[geek tragedy]

18. Deal collapse + WaMu FAIL + Bush speech=black hole

of investor loss.

[geek tragedy]

17. Bush will 'reassure' the country five minutes after

the markets open.

That'll work.

:sarcasm:

[garymeeg]

19. What about the deficit?

I don't understand why the deficit is excluded from all discussions. It does affect people's perception of the shape of the economy no?

/Gary

[truthisfreedom]

20. There's a piehole alert... bush speaks at 9:35, expect the market to tank as it usually does...

He's "the cooler"...