Page 8 - Panic Selling News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Going on. it is out of control right now. no matter what happens, we won't see a for sale sign on the stat you've liberty after october 17th. you're right. traders are watching this. they've 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. they're watching. that even though market is down, over 300 points in the last eight days, they're not panic selling. buyers are walking with a. so there's some...

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, i'm cautioning that by saying i don't think it's 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? that's why. the federal reserve sort of hints at it, but doesn't actually come out and say that they're going to do it. will other banks do that?...

Back in 1983. you are absolutely right. it's particularly bad today and some are saying it's panic selling. we've 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. it's not just gold. it's 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 paydown debt and concerned that other nations in trouble in the eurozone may follow suit and if you ...

>> hey, fredericka. the losses are holding steady. the dow down about 436 points. they're 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 they're 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 on jobless claims showing a rise in jobless claims, the jobs area something that this economy real...

Future? >> and mr. money joins us on the couch. good morning to you. >> good morning. >> it's interesting over the weekend, they were talking about how, ok, we're going to come together with a plan before the markets open in asia and the united states. no plan. what's happened? >> ok, no panic selling of stocks. that's 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 the world and everybody is rushing into gold. you got another record high for the price this mo...