Page 4 - Panic Selling News Today

Most important of the day. every day. but especially, today. anything can happen in this final hour of trade. we saw things accelerate. the losses in the stock market on friday in the final hour of trade and sitting in a critical point. like you mentioned, we opened up severely sharper this morning down 1,089 in the dow at one point and panic selling based on china. it does very much have an impact on us. also, oil prices continuing to fall. and while its good for a consumer eventually at the pr...

All of that plays into it here. >> and just for context here, again, about 28 minutes away from the opening bell on wall street. the last time the dow lost over 700 points in a single day was october 15, 2008. will that happen today? the last time it lost over 600 points was august of 2011. what are we going to see? what are they talking about in terms of whether the s&p 500 a broader measure of the market than the dow whether that will fall into a correction this morning like we saw the nasdaq ...

Rebound to the point we see it at now? >> we have always said that the u.s. market is resilient and i think we proved that today. thoroughly. so in the beginning of the day when the market opened, it was down multiple hundred of points. started open about 300 and quickly dropped to the dow down about 1,089 at session lows an we sa you that hold on to the markets for at least 10, 15 minutes so that was panic selling more or less and then perhaps panic buying, folks kind of coming in saying this i...

Plan. obama care made us do it. were going to give you a better plan. its going to be really expensive, but you dont have to do anything. and somewhere way down in the letter, it will say, oh, by the way, you can go on your marketplace. i saw a letter today from missouri. it didnt even bother telling anybody where to find the market place. and i think it just -- the way that people are reacting to this really brings home the point that a lot of people who will benefit from this law still dont kn...

See a for sale sign on the stat youve liberty after october 17th. youre right. traders are watching this. theyve seen this movie before. if say, god forbid we doing over the debt ceiling, it will be day on theic at first. >> right. if you had bought, back in the leeman days when things got day on theic, you would make a fortune. and i think traders know that. theyre watching. that even though market is down, over 300 points in the last eight days, theyre not panic selling. buyers are walking wit...

Going on. it is out of control right now. no matter what happens, we wont see a for sale sign on the stat youve liberty after october 17th. youre right. traders are watching this. theyve seen this movie before. if say, god forbid we doing over the debt ceiling, it will be day on theic at first. >> right. if you had bought, back in the leeman days when things got day on theic, you would make a fortune. and i think traders know that. theyre watching. that even though market is down, over 300 point...

All o them seem to be down between 2% and nearly 3%. >> well, the concern is if the federal reserve is going to start to pull back -- and, again, im cautioning that by saying i dont think its going to happen before the end of this year, will other central banks do the same thing? is this going to be a coordinated effort in some way? are we going to see the bank of japan start to pull back? are we going to see other central banks do the same thing? thats why. the federal reserve sort of hints at ...

Back in 1983. you are absolutely right. its particularly bad today and some are saying its panic selling. weve got a number of things that are contributing to this. you have manufacturing slowing down in the new york state area. you have china growth slower than expected. its not just gold. its basically hurting all commodities like oil, copper, silver and other precious metals and gold has been hurting and one of the reasons for that is a proposed sale of gold holdings obviously to try to paydo...

>> hey, fredericka. the losses are holding steady. the dow down about 436 points. theyre off their lows of this session where we saw the dow down as much as 500 points. this is coming after morgan stanley kind of set off an alarm bell saying that the u.s. and europe are looking like theyre getting close to going into a recession. morgan stanley also downgrading its growth forecast globally for this year and next. also not helping we got a bunch of economic reports here in the u.s. one ...

Future? >> and mr. money joins us on the couch. good morning to you. >> good morning. >> its interesting over the weekend, they were talking about how, ok, were going to come together with a plan before the markets open in asia and the united states. no plan. whats happened? >> ok, no panic selling of stocks. thats the headline. no panic selling. the stock market will open lower this morning. instead, what you got is panic buying of gold! everybody rushes to safety when you got this chaos around...