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October 24, 2008

Stock Futures Are Locked Limit Down

Great. Europe indices are down 10-11%, which would be, what, an 850-ish drop for the Dow?

What a mess.

My wine supply is going to take a drubbing this weekend...

Posted by Mr. Bingley at October 24, 2008 05:55 AM

Comments

Yikes! Europe is now down about eight percent, Dow futures down 548.

I am glad I've resisted buying, even companies with actual profits.

By the time The One nationalizes our 401ks they won't be worth the effort.

I think I'll stop on the way home tonight and buy a bottle of good single malt. It might be the last one I can afford.

Posted by: Retread at October 24, 2008 07:48 AM

Actually, with the dollar strengthening against the pound scotch should get a little cheaper...woo-hoo!

Posted by: Mr. Bingley at October 24, 2008 08:07 AM

Thanks, Mr. B., but can I hold out long enough to see the less expensive stuff make it across the pond? Or do they price it as they do gasoline? Which some of my acquaintance say it takes like.

Posted by: Retread at October 24, 2008 08:15 AM

Well, I know that sadly I can't wait that long!

Posted by: Mr. Bingley at October 24, 2008 08:47 AM

By the time The One nationalizes our 401ks they won't be worth the effort

At lot of them aren't worth the effort now, and sadly, both parties are fully on the nationalization bailout wagon.

Single Malt and an uplifting movie for me tonight, I'll need it too.

Posted by: Tainted Bill at October 24, 2008 09:25 AM