Will tomorrow be another Oct 19, 1987

[dn0121]

If so the DOW will loose more then 2700 points. I don't think it will be quite that bad but I sure wish I had moved some things around on Friday.

Is a market crash like 1987's in the offing? - MarketWatch]'



and

'Panic mode'

The worry is that tax breaks and spending measures will not be enough to boost consumer spending in the US, because deeper economic problems remain.

In particular, the slowing housing market and problems in the sub-prime sector - which lends to those with limited or no credit histories - has contributed to a slowdown.

"We're falling back into the crisis of confidence in the financial sector," said Hugues Rialan, of Robeco France.

"The banks have been reassuring the market over their exposure to US mortgage-related investments, but now we realise there is nothing reassuring about it," he said.

BBC NEWS | Business | Global shares tumble on US fears

 

[somdrenter]

"The banks have been reassuring the market over their exposure to US mortgage-related investments, but now we realise there is nothing reassuring about it," he said.

There’s a problem in the mortgage market? Certainly you jest.

 

[daisycreek]

Our President says ... "we MAY be heading toward a recession" ummm George time to look outside the bubble...

 

[dn0121]

Wow what a big drop, but the only thing that matters is where it closes. Down almost 500 already.

 

[dn0121]

Things aren't going as bad, that is good. Will it last though for the next few weeks?