nadinbrzezinski
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Thu Aug-30-07 12:51 AM
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Well we are doing the swing back and forth witn the markets |
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interesting, seems they are trying to hold the fort...
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Webster Green
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Thu Aug-30-07 12:55 AM
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1. Propping up a river of bullshit as best they can.. |
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It's just a matter of time.....
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lligrd
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Thu Aug-30-07 01:11 AM
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One big pile of runny manure.
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Ikonoklast
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Thu Aug-30-07 01:01 AM
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2. Fear is a great motivator...... |
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But Panic gets shit done.
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Captain Angry
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Thu Aug-30-07 01:09 AM
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3. Rampant and recurring amnesia |
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OMG the credit bust!
OMG oil!
OMG consumer confidence is up!
OMG the Fed scratched their butt!
There is no excuse for some of the radical movement in the market. I don't understand how on Tuesday the market can freak out that the Fed was worried about the housing market, but investors weren't worried on Monday.
Today, all their worries are gone, and the money rushes into something else.
Big piles of money are moving around, and dragging the market with them. When the swings are this pronounced, people with enough money can really profit nicely. Stocks that move 5% a day in opposite directions make for nice targets. You and I can't afford to move enough money to not lose money due to commissions and taxes. But, put a few zeros on the end of what we can do, and it becomes profitable very quickly.
Until there is an unbelievable crash, or the US shows some indication that it's interested in stabilizing the economy by not bombing everything in sight, poking other countries in the eyes, and settling on some more stable trade methods, we're going to see these swings.
That is, of course, in my opinion.
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seriousstan
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Thu Aug-30-07 01:09 AM
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4. I'm making money on every swing. God bless the Federal Reserve. |
Ikonoklast
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Thu Aug-30-07 01:23 AM
Response to Reply #4 |
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Edited on Thu Aug-30-07 01:24 AM by Ikonoklast
Buy on Wednesday. Hooray for low volume and big swings.
Bernanke said this, he talked to that, he had a sniffle, ate a dry bagel, had a bad hair day, I can't believe all the nonsense anymore.
It's not Voodoo economics anymore, it's National Enquirer Economics.
edit:spell
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onyourleft
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Thu Aug-30-07 06:31 AM
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7. Yes, we are doing swings back and forth, apparently... |
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...without much thought. Traders reacted yesterday to Bernanke's letter, which in essence said nothing that has not been said before. It was a non-letter. Today, it seems that (at least at this minute) traders are having second thoughts about what that letter really said.
In the meantime, the media is missing the entire point of having the Fed do something about interest rates. I'm not interested in bailing out the market (although I do have a very vested interest there), I'm interested in bailing out the consumer and the overall economy, which is at the tipping point (from my perspective).
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DU
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Thu Apr 25th 2024, 11:40 PM
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