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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (429763)	10/24/2008 8:00:15 AM
From: bentway	Read Replies (1) \| Respond to of 1573433

A global depression gets a lot more likely this morning..

To: Road Walker who wrote (429763)	10/24/2008 8:25:47 AM
From: steve harris	Read Replies (2) \| Respond to of 1573433

Thank goodness Obama is going to fix it from the bottom up by giving everyone $600.... Might even be enough to buy a loaf of bread...

To: Road Walker who wrote (429763)	10/24/2008 11:15:49 AM
From: tejek	Respond to of 1573433

Yup. Scary, scary......I sold my oil short this AM and took the profit and am moving up my stops up. Don't know how to play this one........the fed meets next Wed and I am sure they will cut again. Investors had been bracing for a rocky start after futures contracts for the Dow and the S&P 500 fell so low they triggered "circuit breakers," which froze selling until the market's 9:30 a.m. EDT open. That slide raised the possibility that circuit breakers intended to prevent panic selling could be triggered during the regular session -- something that hasn't happened since 1997. The thresholds that would trigger a halt in trading are set at a decline of 10 percent, 20 percent and 30 percent in the Dow, based on where that index was at the beginning of the current quarter; that would mean declines of 1,100 points, 2,200 points and 3,300 points, respectively. If the Dow Jones industrial average falls 1,100 points before 2 p.m., the market will shut down for an hour. If the threshold is breached between 2 p.m. and 2:30 p.m., the halt will last 30 minutes. Trading would stop again if the Dow falls by 2,200 points. If the Dow falls by 3,300 points at any time, trading would be halted for the day. Still, the final hour of trading is a crucial period as well, with many inventors trying to square away their positions at the last minute. In the past few weeks, some of the market's worst volatility has come in the last 30 minutes of the session