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And on wall street: banks doing badly

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endarkenment Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 12:14 PM
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And on wall street: banks doing badly
the market seems to be giving up its exuberance from friday.
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bemildred Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 12:16 PM
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1. First the steep drop, then you circle the drain all day, then the plunge in the last hour
when the traders have to close out their orders for the day and give it up.
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ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 12:17 PM
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2. actually, there was no real exuberance... that was liquidity pumped into the market
by central banks. It was FAUX exuberance.
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bemildred Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 12:21 PM
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3. I thought it was short covering. Cause they outlawed shorting.
At least some guy said that, and it made sense to me.
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ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 12:27 PM
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4. yeah, there could have been that as well... it makes sense
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