The DOW falls below 9000 for the first time in 5 years! Where to next … that is a trillion dollar question on everyone mind I’m sure! Frankly we’re seeing the capitalist towers falling down, not slowly rotting away unchecked like over the last decade. Funny that, as a capitalist system cannot work without CAPITALs, and this is the dilema Wall Street found itself in.

• Dow Jones 8579 -679 -7.33%
• S&P 500 910 -75 -7.62%
• NASDAQ 1645 -95 -5.47%

The Dow Jones Industrial Average lost almost 679 points, for its the worst seven-session performance since the one that ended Oct. 26, 1987.

For Thursday’s session, the Dow Jones Industrial Average slid 678.91 points (7.33%) to 8,579.19, its lowest close in more than five years and comparable to the 777-point decline of Sept. 29, the biggest point-decline of its history.

Trade was volatile again, with the Dow up more than 150 points at one stage.The Standard & Poor’s 500 fell 75.02 points (7.62%) to 909.92. Both the S&P 500 and the Dow are off by more than 20% for October, comparable to the stock-market declines of October 1929 and October 1987.

The Nasdaq Composite shed 95.21 points (5.47%) to 1,645.12.

Fear indicators, such as the Chicago Board Options Exchange volatility index, hit all-time highs. The VIX is known as the market’s “fear gauge” because traders pay up for protection when nerves are jangled.

These falls came on the one-year anniversary of the highs of the Dow and the S&P 500. The Dow has lost 5,585 points, or 39.4%, since closing at 14,198 on Oct. 9, 2007. The S&P 500, meanwhile, is off 655 points, or 41.9%, since recording its high of 1,565.15.

In so far, the market had surpassed all previous falls bar the 1929 stock market crash.

Back then the DOW total lost was 77.9% which started on Oct 24th 1929 and ended on Aug 12th 1932. That was almost 3 years of pains and America had to endure a decade of depression. How will America, and in fact the world fair this time around? If we take 1929 crash as a point of reference then there are still be more of the same to come just yet! Braise yourself for the ride! We are not even half way through October yet.

It sure is measuring up to the past crashes in pass century and given all the massive negative press and reporting that the sky is about to fall. This crash will go down in history as hugely monstreous!

Not even a coordinated barrage of rate cuts could prevent the stock market crash of October 2008 measuring up to those of October 1987 and 1929.
US stocks slid late in the session Wednesday, weighed down by continued tightness in credit markets, the need for capital at financial firms like Bank of America and a disappointing kickoff to the earnings season from Alcoa.
The Dow Jones Industrial Average fell 189.01 points (2%) to 9,258.10, its sixth straight decline and its lowest close since Aug. 11, 2003, more than five years ago.
For the week so far, the Dow is down 10%, on top of a 7.3% loss last week. By comparison, in the worst week of the 1929 crash, the week ended Oct. 19 that year, the Dow took a loss of 8.2%; the blue-chip index lost 13% on the week that started with Black Monday, Oct. 19, 1987. So far in October, the Dow is off 15%, compared with a loss of 20% in October 1929 and a loss of 23% in October 1987.
The broad Standard & Poor’s 500 fell 11.29 (1.13%) to 984.94, its lowest finish since Aug. 13, 2003. As of Tuesday, the S&P 500 had wiped out about $1.48tr in wealth during October, according to S&P.The technology-heavy Nasdaq Composite fell 14.55 (0.83%) to 1,740.33, also its lowest since August 2003.

Don’t believe in everything you read in the press. This perhaps could turn out to be an opportunity of a life time for many people (and not the mass). Take a look at all this from a different perspective. A “blessing in disguise” is the phrase I’d be inspired to in time of extreme crisis. If anything, at least we still have time on our side. Well, most of us anyway, and certainly I.

You know that the old saying “A dollar saved is a dollar made” is so true, especially in today’s incredibly inflated high gasoline prices. You can only start building wealth by first learning how to save (there are those fortunate exceptions, but they are truly the exceptions and we the mass, are not one of them) your money and spend less than you earn. Keep as much of your hard earned dollars in your pocket as possible and give away as little as required only.

Anyhow, we all know about the crazy gasoline prices out there so no need to tell you about gas prices any further. They’re too high, and it hurts. Very plain and simple.

Like most of us, you are TIRED of paying SO MUCH MONEY FOR GAS at the gas pump. You are hoping and wishing that gas prices will drop soon! But that isn’t forthcoming anytime in the near future for many reasons which are well documented and commented out there.

So, lets not live in hope but rather take action now to save on your gasoline by finding out how to use your car more efficiently. There are many practical methods available NOW that will save you money on gasoline. People are looking online today for ways of increasing their mileage per gallon and more! You’d just happened to have found one right here. So don’t wait but take action, check out this practical guide detailing all you’d need to save money now at Ultimate Gas Saver Guide.

How To Create A Mini Site That Runs On Autopilot And Makes You Money While You Sleep!

Most Internet marketers understand that having mini sites is the fastest and easiest way to make money online. They don’t require a lot of time, energy, or money to set up, and once you’ve got one up and running, you can sit back and just collect money from all the sales you’re making.

At least… that’s how it’s supposed to be, right?

The truth is that mini sites really ARE easy to set up. They really DON’T require much time, energy, and money to set up. So why is it that so few people actually make money with their mini sites? The answer is that they never learned how to actually turn their mini site into a profitable moneymaker that runs completely on autopilot. The good news is…

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YOU’RE ABOUT TO LEARN HOW TO DO IT!
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Here’s what this is all about: My colleague Michael Rasmussen has just released a brand new video course
that will walk you through the process of creating a killer mini site from the ground up, and then he’ll also teach you how to actually start making money with it right away and into the future.If you’ve been looking for help with monetizing your mini sites, then this is exactly what you need. The best part? The videos are FREE! I’ll tell you more about that later. First, let’s talk about the videos themselves.

    If you’re in a hurry, you can just check the videos out right now for free. Here’s the URL: http://tinyurl.com/6yg3zg

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OVERALL QUALITY
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It’s important to note that these are online videos that you access from your web browser. Michael uses
Camtasia Studio to create these videos, which is the premier software program for creating screen capture
tutorials such as these.

Read more »

Let me now spell out how the new paradigm differs from the old one……. Instead of being always right, financial markets are always wrong. They have the ability, however, both to correct themselves and occasionally to make their mistakes come true…….George Soros: The New Paradigm For Financial Markets

In New York, the Dow Jones Industrial Average lost 35 points to 11,807.43 points on thin trading due to anxiety around the Federal Reserve’s interest rate meeting tonight. Inflation concerns underscore the Fed’s decision with recent oil price records adding pressure. General concerns about the economy abound and a report showed that consumer confidence was at a 16-year low. Financial stocks rallied on speculation that HSBC will takeover UBS. UBS shares gained 7% and Lehman Brothers gained 6.8% with the US Financials Index (XLE) gaining 1.2%.

If you’d ever played the stock market, these comments by PAUL B. FARRELL of MarketWatch may ring true to some extent … I don’t fully agree with his views but it makes interesting 5-minute read.

1. You know you’re (almost) never wrong

“Big Mistakes” calls it “confirmation bias,” another name for cognitive dissonance, the unconscious need your brain has to stick with what you already know as “The Truth” (even when it’s secretly “planted” there by Wall Street’s clever ad campaigns).

2. Your ‘mental accountant’ is an embezzler

Your brain loves “mental accounting.” A dollar looks different “depending on where it comes from, where it’s kept, or how it’s spent.” You spend tax refunds fast. But hang onto stock inherited from grandma. Wall Street’s ad gurus know the way into your pocket is through that unconscious 98% that’s manipulating your brain’s “accounting” system.

3. You hate to lose more than love to win

Psychologists call it “prospect theory:” Investors hate to lose so much we often sell winners to “lock in profits.” And we hang onto losers, praying for a miracle.

4. You throw good money after bad

The “sunk cost fallacy” is a favorite brain glitch. Here’s a familiar example: First blunder, pay too much for a house. Second, fail to get out at the top. Third, turn down a bid because it’s less than you paid. You’re stuck paying down a big bad mortgage.

5. Decision paralysis, so you do nothing

How your brain labels options changes the outcome: Whether it’s “one of rejection or one of selection, or whether you view it as protecting a gain or avoiding a loss.” Labeling confusion leads to “decision paralysis,” your brain locks up, does nothing, loses again.

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Here are a few ebooks on making money online and the stock market! Download is absolutely free. Check them out!

Follow this link or click on the Free Ebook page.