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Wall St Fights Meltdown

Discussion in 'Shares' started by kevinb, 15th Sep, 2008.

  1. kevinb

    kevinb Well-Known Member

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  2. Tropo

    Tropo Well-Known Member

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    Some US stockbrokers are saying that DOW may go down 700 points.
    Interesting times I would say...;)
     
  3. lorrimer

    lorrimer Well-Known Member

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    Good, could be the capitulation day we've been waiting for.
    About time the US market got clobbered, seeing as they started this whole mess.
     
  4. Billv

    Billv Getting there

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    Ouch
    Is it too late to run for the exit?
     
  5. Tropo

    Tropo Well-Known Member

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    Well....only few hours to go....:eek:
     
  6. lorrimer

    lorrimer Well-Known Member

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    The news broke long before the Aussie market closed. Could already have been discounted.
    Could be wishful thinking as well, as we always seem compelled to follow the yanks!
     
  7. crc_error

    crc_error The Rule of 72

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    did anyone short the US index? time to open a bottle of wine!
     
  8. Glebe

    Glebe Well-Known Member

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    only down 2.7% at the moment... could be worse
     
  9. Redwing

    Redwing Well-Known Member

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    DJIA down 4.42% or -504.48, noticed on the news Lehman Brothers gone and Merril Lynch Sold
     
  10. AsxBroker

    AsxBroker Well-Known Member

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    On a side topic, what I don't get, is why they keep on referring to Merrill Lynch as it was bought by BlackRock last year...?
     
  11. ashwright

    ashwright Well-Known Member

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    What I read was that, because BoA bough Merrill Lynch, Bank of America now owns 50% of BlackRock.