Black Friday

[ace00]

Dow -678.91 -7.33% 8,579.19
NASDAQ -95.21 -5.47% 1,645.12
S&P -75.02 -7.62% 909.92
Japan Nikkei 225 -849.22 -9.27% 8,308.27 10/10 3:00pm

I'm heading for the bunker right now.
Market trading to be ceased shortly.

Over to you Nicky G.

And for Alf:

This is the end
My only friend
The End
This is the end
Beautiful friend
The End

[Churchill]

I'm heading up to Manchester for a weekend of drunken debauchery!

(Actually, a Lodge rehearsal and a pleasant time with girly...)

[ace00]

Headlines off Bloomberg:


•Europe, U.S. Futures Slump; Nikkei Index Has Second-Biggest Drop on Record

•Morgan Stanley's Rating May Be Cut by Moody's; Goldman Outlook Is Negative

•Oil Set for Biggest Weekly Drop Since 2004 as Copper, Commodities Tumble

•Russia's Micex, RTS Exchanges Delay Start of Trade on Regulator's Orders

•India Makes Steepest Cut in Cash Ratio Since 2001; Rupee Plunges to Record

•G-7 Gathers With `Backs Against the Wall,' Weighs Plan to Guarantee Loans

•Yamato Life Files for Bankruptcy, First Industry Collapse in Seven Years

•EU Crippled in Crisis as 27 Governments Confront a Single Hobbled Economy

•Harper Sharpens Attacks on Canadian Opponent's Tax Plan to Stem Poll Slide

•Libor Holds Central Banks Hostage as London Rate Freezes Worldwide Lending

•Fear Trumps Greed as Market Worries Amplify News, Paralyze World Economy

•Royal Bank of Scotland Loses Credibility After Goodwin's ABN Amro Purchase

•Central Banks Fail to Alleviate `Logjam' in Money Market: Chart of the Day

[ferret]

399.48 down - 9.26%

Admin, think we need a grim reaper smilie

[Betty]

I object to the term "Black Friday"

[AlfredJPruffock]

And for Alf:

This is the end
My only friend
The End
This is the end
Beautiful friend
The End


My esteemed Ace How very kind of you !

Fear not my friends - for the Universe is only a Hologram.


Once upon a time - there was a beautiful Princess who fell in love with a handsome Prince. They lived in an opulent palace and the Kingdom lived in abundance and happiness.

Then - one day - a horrid evil Prince from far away - grew jealous of this harmonious Empire and attacked the Palace.

The Prince was defeated by the Evil Princes army, and the Palace was set alight - sadly the Princess came across the lifeless body of her beloved Prince whose body was in flames.

She wept and cried as everything she knew and loved had been destroyed.

She decided she could not got on living , she was about to throw herself into the flames when suddenly she heard a voice

'For whom are you weeping ?'

[cupidstunt]

And for Alf:


Once upon a time - there was a beautiful Princess who fell in love with a handsome Prince. They lived in an opulent palace and the Kingdom lived in abundance and happiness.

Then - one day - a horrid evil Prince from far away - grew jealous of this harmonious Empire and attacked the Palace.

The Prince was defeated by the Evil Princes army, and the Palace was set alight - sadly the Princess came across the lifeless body of her beloved Prince whose body was in flames.

She wept and cried as everything she knew and loved had been destroyed.

She decided she could not got on living , she was about to throw herself into the flames when suddenly she heard a voice

'For whom are you weeping ?'

What happened next

[rootsnall]

399.48 down - 9.26%

Admin, think we need a grim reaper smilie

You should be throwing your STR fund into the market !

BUY BUY BUY

[dang65]

I've asked this question on another forum, but they haven't got as many bona fide experts as CUK so I'll ask it here as well:

Why can't the world's governments simply suspend trading on the markets for a couple of weeks? Just let everyone sit down and have a cup of tea and think about things for a bit, instead of steaming in each day and wiping billions off the value of pretty much everything for no genuine reason. It seems to me that it's being done in a gigantic panic, not because any of these FTSE 100 companies or commodities have really lost any value.

What would happen if they all just took a little holiday?

[AlfredJPruffock]

I've asked this question on another forum, but they haven't got as many bona fide experts as CUK so I'll ask it here as well:

Why can't the world's governments simply suspend trading on the markets for a couple of weeks? Just let everyone sit down and have a cup of tea and think about things for a bit, instead of steaming in each day and wiping billions off the value of pretty much everything for no genuine reason. It seems to me that it's being done in a gigantic panic, not because any of these FTSE 100 companies or commodities have really lost any value.

What would happen if they all just took a little holiday?

I think we would all be much the better for a nice cup of tea.
Or coffee of course , if that is your preference.