Dow is down 300+

[1Admin]

as of just now...

And here I heard the debt thing would be good for the country??? What gives!! LMAO

"Hope you got your $hit together...." Can't remember the rest of the song. CCR I believe.


And here is some good news out of Europe-

http://www.ft.com/cms/s/0/78abaf5c-be11-11e0-ab9f-00144feabdc0.html#axzz1U4HLhQeM

Those that bought silver at $45. or more might soon be back above water. Those that bought at $4. or $7. way back when might want to turn some of it into something more tangible or edible.

[Urban Survivalist]

Can you say double dip or better yet Depression its not just a medical term anymore.

[Cimarron]

as of just now...

"Hope you got your $hit together...." Can't remember the rest of the song. CCR I believe.

.

350+ a couple minutes ago.

"Hope you are prepared to die. Looks like were in for nasty weather..."
-Bad moon rising-

[Cimarron]

Whoa-the market is all over the place, and it looks like many are going for hard cash.


In a dramatic sign of the growing fear in the financial markets, Bank of New York Mellon is seeing such a surge of cash that it plans to begin charging large depositors a fee to hold dollars.

The New York-based investment manager and trust bank is citing a sudden increase in dollar deposits caused by jitters about the U.S. and European debt crises."

http://www.foxbusiness.com/industries/2011/08/04/bank-ny-mellon-to-tack-on-fee-for-large-deposits/#ixzz1U5W65OE0

__________________________

So they're holding so much of people's cash they charge them instead of a small interest to that account?

Anyway, folks leaving the market and going to cash is kinda scary. Should be interesting tomorrow too when the jobs report comes out.

[bountyhunter69]

it just closed down 512 points

[ibetiny]

Just called most of my "crew." All are aware of the situation and are watching "things." If things get bad and anyone from here needs help just e-mail me. If I can help then I will. Just don't ask for money. LOL (well, you can ask...., and after I get done laughing......)

[Lowdown3]

I don't know Ibetiny- might be better for you to give them paper, I mean cash instead of other items here soon, LOL.

512 drop. That's not good.

Might be a buying opportunity around 10,000

Most of my Roth is in money market (cash), some international funds. Yes, it's gambling money, etc. It's my gamble that TEOTWAWKI WON'T hit before I retire :)

I've bought in on major drops before and done o.k. about 80% of the time. My feeling is they will likely pull another rabbit out of the hat. I just don't know what rabbit is still available....

[miked2345]

My feeling is they will likely pull another rabbit out of the hat. I just don't know what rabbit is still available....

Yes, that's the kicker... What rabbit is left? Alot of the problem today was because of Europe concerns - and I'm not sure what we can do about that from this side of the pond!