nadinbrzezinski
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Wed Mar-12-08 02:26 PM
Original message |
Watch the DOW, yesterday it came up, after 200 B infusion |
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today it is about to go into the red, not quite under 12,000 yet, but we have an hour to go.
It went all the way to 12300 for the day, and about to go negative.
THE PPT ain't working
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AndyA
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Wed Mar-12-08 02:28 PM
Response to Original message |
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And the Fed will no doubt keep throwing money at it.
In reality, all they're doing is tossing gas on the fire. The damage has been done, it will not be undone so easily.
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Warpy
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Wed Mar-12-08 02:28 PM
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This was the shortest and one of the most expensive sucker rallies in history, wasn't it?
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aquart
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Wed Mar-12-08 02:28 PM
Response to Original message |
3. PPT? I'm slow today. What's PPT? |
nadinbrzezinski
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Wed Mar-12-08 02:29 PM
Response to Reply #3 |
4. Plunge Protection Team |
aquart
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Wed Mar-12-08 03:05 PM
Response to Reply #4 |
nadinbrzezinski
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Wed Mar-12-08 03:09 PM
Response to Reply #17 |
20. Their job is to pump money into the market |
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to prevent these losses, the Canucks discovered it.
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tekisui
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Wed Mar-12-08 02:29 PM
Response to Reply #3 |
5. Plunge Protection Team. |
tekisui
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Wed Mar-12-08 02:30 PM
Response to Original message |
6. They've tried it all. We're fucked. |
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The absurd interest rate cuts bought a few weeks. Printing 200Bil in new money for the banks lasted a day.
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Zorra
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Wed Mar-12-08 02:34 PM
Response to Original message |
7. The Feds just gave the biggest crooks in the world most of our money |
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so that the rich could get richer.
Now it's gone, and there's not a damn thing we can do about it.
End of story.
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nadinbrzezinski
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Wed Mar-12-08 02:36 PM
Response to Original message |
8. My lord, it looks like it is on free fall in the last hour |
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it might even loose one hundred plus in an hour
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displacedtexan
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Wed Mar-12-08 02:37 PM
Response to Original message |
9. -37.12 -0.31% right now. |
nadinbrzezinski
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Wed Mar-12-08 02:38 PM
Response to Reply #9 |
10. That's not the point, it is the trend |
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it is back on it down trend
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tekisui
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Wed Mar-12-08 02:47 PM
Response to Reply #10 |
11. Before the money was pumped in, the Dow was down 16% for the past 5 months. |
nadinbrzezinski
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Wed Mar-12-08 02:54 PM
Response to Reply #11 |
13. This is why I am watching it |
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Let's see if it can claw itself to the green in the last seven minutes
It will be a really BAD sign if it stays in the red and both of us know it
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Speck Tater
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Wed Mar-12-08 02:51 PM
Response to Original message |
12. So if $200 billion buys us ONE DAY in positive territory... |
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If we want the stock market to stay positive for a whole week that will cost us a trillion dollars. Hmmm. Seems like a real bargain to me.
:sarcasm:
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nadinbrzezinski
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Wed Mar-12-08 02:55 PM
Response to Reply #12 |
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and the pollyananas are still going it is not that bad...
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ThomWV
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Wed Mar-12-08 03:00 PM
Response to Original message |
15. Down 50. Guess a Billion or two doesn't buy what it used to. |
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Its robbery you know. Pure and simple robbery.
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nadinbrzezinski
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Wed Mar-12-08 03:02 PM
Response to Reply #15 |
16. Yeah, here are the final numbers |
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Facts Column MARKET SUMMARY US EUROPE ASIA Dow 12,111.30 -45.51 -0.37%
Nasdaq 2,243.87 -11.89 -0.53%
S&P 500 1,308.89 -11.76 -0.89%
10 Yr Bond(%) 3.4830% -0.1130
And this is after 2B... folks the down trend is back
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aquart
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Wed Mar-12-08 03:07 PM
Response to Reply #16 |
18. Would it go up if Bush/Cheney resigned tomorrow? |
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Seriously. Would that restore confidence?
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nadinbrzezinski
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Wed Mar-12-08 03:08 PM
Response to Reply #18 |
19. Perhaps, but we also have systemic problems |
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like the ever so popular national debt
But I could see a short term rally that might win the feds some wiggle room.
What would restore confidence is the return to good fiscal policies
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aquart
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Wed Mar-12-08 04:36 PM
Response to Reply #19 |
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Not being facetious. I know it's an area where there is plentiful argument.
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Wed Apr 24th 2024, 05:38 AM
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