Another Bloody Round of Financial Sector Plunge

[Yan He]

DOW started with around 500 point down around opening bell. Another ugly Friday. :-ss

 

[GusTsahas]

The plunge protection team does NOT like the market to end Fridays on a death note and have all the financial press be negative on the weekend when most people read their Barron's. It would make for a terrible Monday and Tuesday so if there is no 2:30pm miracle buying by "value hunting investors" it would really indicate the government is running out of bullets.:sos:

We used to know a broker who's favorite phrase in bear markets was "we still have our health", so as corny as that sounds keep it in perspective.

 

[Andy Nguyen]

I'm oblivious to the painful news now after seeing drops after drop intersected by occasional bounds of the index.
Did anyone catch the news that Goldman will layoff 10% of its work force? So will Merrill and Barclays.

 

[ExSan]

what if the DOW-N goes below the 7999 next week?

 

[Uncle Max]

if there is no 2:30pm miracle buying by "value hunting investors" it would really indicate the government is running out of bullets.:sos:

Looks like "investors" came after 2 PM and softened today's losses. You were right, as always, Gus :tiphat: