tomorrow..830 am. could be the last stand for the bulls...

word

what % is the street predicting?

Word up!!!!! Even if equity mkts rallies tomorrow? Will it be worth the 'worrry' tonite????? Thinkz about that you youngins

We've already lost almost 500 points.... how much more you want?

Goldman has you just where they want you.

Don't bet against a (rigged) market.

this is the most overvalued market since 2000. smart money is out for now

let's not forget that the number of job losses is the number that maters,not so much the unemployment rate.

sorry to say its not a rigged market. definitely dominated by institutions, but not rigged. couple hours till the big number

marco, this market LOVES bad news. it means that ben and timmy won't cut off the flow of funds. whenever something goes up or down it very rarely these days has much to do with the economy, fundamentally.

ouch--nfp sig worse than expected shortend rallies--stox reek

stench of jobless consumer post clunker hangover

Those revisions to previous loss estimates are fugly. Perhaps i'm wrong

So 8:30 a.m. came and went without any real surprises. The Street shrugged off the news as completely anticipated and already accounted for. Bit dramatic all this, no? How about something we didn't all know.

the prolonged unemployment situation is going to guarantee a poor earnings season. now that companies are running out of cost saves and theres no top line growth, the markets gonna come tumblin down again.

kw, no. nobody expected these numbers. and the revision numbers are truly awful. happy to put up some charts. almost every measurement of employment health has hit post-depression record levels, to the downside.

but the market likes it. because it means more public assistance for the most vulnerable. vulnerable financial companies, that is.

When ever the fed is floods the market with liquidity it seems to wind up in financial instruments.

Aboutready How this going to affect the dire situation in the Hamptons ? Sales in EH down to 20 a month with 1000 unsold and more coming on Can NYC ites buy 2nd homes? pay 40K for Summer Rentals ?

it becomes even more clear everyday how much trouble the stock market is in. the treasury market is screaming trouble

All I can say is no one I know in finance expected anything but gloom from those numbers and they were right.

As for the Hamptons, if I get to see fewer people driving $90,000 cars shouting over a parking spot during August each summer, I'll need a new source of entertainment for the 15 minutes I watch that on Saturday mornings, but I'll live. I'm out there for nearly 20 years. Still love it. Avoid the scene. Enjoy my guests. Bought what I could comfortably afford. And getting off the rock once a week makes me love Manh more too. For all those who bought to "invest" out there since 2004, who leveraged themselves ridiculously, who bought silly 8000 sq/ft McMansions, well...just glad those aren't my problems. Now the deficit EH is running in its budget...that's unpleasant. Gross mismanagement by bunch of crooks spending money of people who pay taxes and can't vote. More indictments should come down. Sen 'em all to jail.

Hey, KW. I'm keeping the Hamptons on watch. Gotta be some bargains out there soon.

kw, it wasn't the unemployment numbers that surprised me, although i do believe they ran 70k over consensus. and it wasn't the benchmark revision numbers that surprised me, although they were over 800k. what surprised the hell out of me was that they'd start making revision estimates now. that indicates to me that it could be hugely more than 800k, and they are starting the come to jesus process. no need to prenounce that unless you have more to come, and are trying to soften the blow.

the total percent of the population in the workforce numbers was FUGLY.

continuing claims is going lower because people are exhausting all of thier benefits

The Hamptons are/will be 'affordable' for many all of a sudden who missed out in '99--the last year things weren't getting insane out there. Can you imagine that just 10 years ago you could have had your pick of a zillion modest, quite nice homes for under $200k?!

The challenge to buying a second home right now will surely be securing the financing.

afordable houses in The Hamptons? Ok, prices there are falling, but your never going to see affordable prices. Want affrdable? Go buy on the Jersey Shore.

you are looking for affordable homes on Lily Pond Lane?

liar

KW: quite. I've been going to blockshopper.com for some price history. Seen many examples of houses going for say, 1.3m circa '01, then 2.8m '07 without substantial remodelling. Financing is going to be impossible to get for 2nd homes. Kind of regretting my decision to buy something in '06 because while inventory isn't huge (in my target Manhattan market ), the quality of the inventory is improving. Ditto for Hamptons, I would think.

"it becomes even more clear everyday how much trouble the stock market is in. the treasury market is screaming trouble"

Hey Marco_m, thanks for all the tips about the stock market. You're a real pro. I'll make sure to get out of the market before tomorrow morning when things REALLY go south!

You have no idea what you're talking about you moron.

"You have no idea what you're talking about you moron."

I am so in ur head. lol

now i get it, these revisions are for EARLIER, wasn't reading closely enough. this is not pretty. here's some explanation of the B/D issue.

http://www.ritholtz.com/blog/2009/10/birth-death-adjustment-coming-under-fire/

"The Street shrugged off the news as completely anticipated and already accounted for. Bit dramatic all this, no? How about something we didn't all know."

500 points down? doesn't sound like it was anticipated...

500 points down from when to when? What are you talking about?