Dow 12,099.66 Down 293.00 (2.36%).... Wuh Happened?

[fascisthunter]

I thought everything was better? Silly me....

[tekisui]

1. THe "Fed Fixes" usually last about a day.

[Tempest]

5. And then reality sets in

Once the "irrational exhuberance" is over, investors realize the Fed is creating inflation, and that hurts businesses and consumers, and they fuel the economy.

[Mountainman]

2. Don't look at the facts, just listen to the administration. "Rough patch" remember?

[selador]

3. bear market

short strength. period

been doing that since christmas

if yer a long term investor, look for exposed value, keep your powder dry and keep plugging away.

if you are a trader, this is (imo) the best trading market i have ever seen

multiple huge moves in the indexes every day.

[StrongBad]

4. That's expected profit taking after a one day 4% gain.

n/t

[Catshrink]

6. It might be hard in the short term, but things will get better

Little Georgie said so, it must be true.

[tekisui]

8. They will get better......

Just wait 20-30 years.

[Catshrink]

13. Beginning 01-20-09

[Zynx]

18. Even the Depression didn't take that long to recover from except for the Dow because people

were permanently afraid after seeing it drop 80% in four years.

[PCIntern]

7. Here's the deal...

we're going to be cutting interest rates 1/2 to 1 point every other day for the forseeable future. Now don't tell me about the "Laws" of Mathematics, because they're just theories like the Theory of Evolution which we know is false, and so we shall know that God wants us to succeed because he will allow this plan to work, the way he allowed the Surge to work, and how the Earth is only 6000 years old even though the former Babylonia, now known as Iraq, had artifacts dating back 10,000 years...except that those artifacts no longer exist because we allowed the museums to be looted after our swaggering conquer-fest five years ago.

God will provide!!

:sarcasm: - because if I DON'T put that in, I will be flamed like I was the other day by a creepy 'distinguished' regular poster around here...who has no sensayuma.

[fascisthunter]

10. lol

[DemocratInSoCal]

16. Can You Please Tell Me When They'll Start PAYING To Borrow Money?

I know that once they get the Fed Funds Rate down to 0%, the laws of mathematics say that the only way to keep going, is if they actually start Paying to borrow money from the Fed.

I'm not sure, but this might be what's known as the "Helicopter Phase."

I'm looking forward to it. The way it will work, is if you borrow $1 Billion from the Fed, they'll actually give you $1.1 Billion, and you only have to pay back the $1 Billion.

[sarcasmo]

24. Nice Sarcasm tag.

On Edit: Nice Journal, didn't realize I ruffled your feathers that much. You always have use of the ignore button.

[islandmkl]

9. oh f****....we OVER-CORRECTED....

we're in the goddam ditch again!!

[Speck Tater]

11. It has now been firmly established that...

$200 billion taxpayer dollars buys us ONE DAY of good stock performance. This is the seconds example of this new rule of thumb.

[Maggie_May]

12. Just a rough patch.

:sarcasm:

[cornermouse]

14. Fantasy collided with reality and reality won.

Reality happened.

[Pavulon]

15. Umm Nothing. Some people made money some lost it

welcome to the stock market. You can get paid no matter which way it goes.

BTW it is not a 1 to 1 peg with the us economy. You know that right?

[SoCalDem]

17. PPT giveth and they also taketh away.

pump it up..and then dump it

[Zynx]

19. 2% moves are not unusual in the context of the market.

We went through a period in 2004-mid 2007 of unusually light volatility with one brief period of high volatility in the spring and summer of 2006, but on balance it was unusually light. 2% moves should not astound us.

[LastDemocratInSC]

20. Those vitamin B12 shots from Dr Fed didn't have much effect

[avenger64]

21. Abstraction, detachment from reality ....

... the financial markets don't connote anything anymore. This is what happens when the principal focus of the economy is to keep a bunch of people on Wall Street from having to do any real work, or losing when they take bad risks.

[pitohui]

22. that my friend is called "the dead cat bounce" EOM

,

[fascisthunter]

25. I've Read that Before on Here

I like it.... as a quote of course.

[Strelnikov_]

23. "Cocaine is a hell of a drug" n/t