FTSE In Freefall

[GreenerGrass]

Down 4% already, so much for the "bailout bounce"! 4000 by Christmas? Dow 8000? What's the panel's verdict?

[rootsnall]

What's the panel's verdict?

DOOMED !

[GreenerGrass]

Oil now under $90

[AlfredJPruffock]

Better be cool on Wall St - when your index is low
Watch the greenbacks tumble - feel the sterling crumble

[HeliCraig]

We're all doomed. Always.

[HairyArsedBloke]

When we had the drop down to 12,000 on the Dow back in Feb/Mar I said to one of my clients in the US that I could see the Dow in the 9000’s. I was thinking of a low about 9800. He laughed and called me and idiot especially as the index rallied to 13,000. Last week he commented that my view point was likely to come true. I haven’t told him I’ve taken about 1000 points off my expectations.

[SantaClaus]

Looks like FTSE wants to test the low from Friday.

I'm long euro, expecting sundays opening gap to be filled.

[HairyArsedBloke]

Don't see it myself. The demand for Dollars continues.

[AlfredJPruffock]

Oil now under $90

Those financial institutions and/or investors who have the ability to manipulate the movement of crude oil prices, and had prior knowledge and the ability to determine the timeline of the speculative surge and subsequent collapse, were able to reap large money profits both during the upward and downward movement of the price of crude oil.

"The movement in global prices on the New York and Chicago mercantile exchanges bears no relationship to the costs of producing oil. The spiraling price of crude oil is not the result of a shortage of oil. It is estimated that the cost of a barrel of oil in the Middle East does not exceed 15 dollars. The costs of a barrel of oil extracted from the tar sands of Alberta, Canada, is of the order of $30."
(For further details see, Michel Chossudovsky, The Global Crisis: Food, Water and Fuel. Three Fundamental Necessities of Life in Jeopardy, Global Research, July 2008)

[Ruprect]

Down 4% already, so much for the "bailout bounce"! 4000 by Christmas? Dow 8000? What's the panel's verdict?

Christmas is cancelled.