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Politics : Sioux Nation

DJT 16.14

+8.6%

12:35 PM EST

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To: stockman_scott who wrote (149855)	10/25/2008 6:59:09 PM
From: geode00	Read Replies (1) of 361692

Dr Doom had a good week but I can't imagine how shutting down markets leads to the building of confidence. It's not as if the stock market is tumbling 5,000 pts in a week...this has taken awhile to unwind. "Roubini Says Forecast of Market Shutdown Coming True (Update2) By Ben Sills and Emma Ross-Thomas Oct. 24 (Bloomberg) -- New York University Professor Nouriel Roubini said curbs placed on U.S. futures trading today shows his prediction that markets will be shut down amid panic selling is coming true. ``This morning, even before the markets in the U.S. opened, the S&P futures fell by more than their daily limit,'' resulting in curbs on futures trading, Roubini told a conference in Madrid today. ``What I said yesterday has already started.'' Roubini said yesterday that policy makers may need to shut down financial markets for a week or two as investors dump assets. Trading in futures on the Standard & Poor's 500 Index and the Dow Jones Industrial Average was limited today after declines of more than 6 percent. Trading of U.S. stocks would be suspended for an hour should the Dow Jones Industrial Average decline 1,100 points to 7,591.25. ``Things are getting worse, they are not getting better,'' Roubini said. There's an increased risk of a ``multi-year economic stagnation'' in the U.S. and ``we have a whole set of emerging market economies in trouble. Even a few of them going bust may cause systemic trouble.''.... bloomberg.com

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