futures falling extremely hard

Iceland teeters on the brink of bankruptcy

http://news.yahoo.com/s/ap/20081007/ap_on_re_eu/eu_iceland_meltdown_1

 

i know and usually when that happens there is big time opportunity if you are cautious.

 

This is the kind of freaky shit that convinces me the talk of a depression isn't off the mark, and if so, it's no time to buy.

 

Didn't you say "BUY BUY BUY WHEN DOW IS BELOW 10000". Now you can buy all you want, enjoy

 

I sense a rate cut coming in the morning. Oh say 50BP.

 

To further ingrain the panic?

I think that'd be a huge mistake, but that's why they'll probably do it.

What good will it do on the fundamental side right now in the wake of injection trillions in immediate credit globally by central banks?

 

Damn market never ceases to amuse people huh, I was about to go to bed when I saw the futures drop quickly, lately seems most of the market action puts me in a trance.

Anyways a good night to you all, and happy trading, if this isn't capitulation type action then I'm in for some schooling

Peace out

 

well i was worried about my eur.jpy long but with all these panic threads it is pretty likely we are going to rally today

 

Wait until 2009.:eek: It's going to get much, much worse. Sure, we'll have a SHORT rally soon. After that, it's down, and down. The Dow at 6000.:eek:

 

That's what they said the last couple of weeks.