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I've been watching the lead-up to market open on CNBC and

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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-13-08 08:36 AM
Original message
I've been watching the lead-up to market open on CNBC and
Edited on Mon Oct-13-08 08:38 AM by Texas Explorer
I swear I've heard them say the word "bottom" 15 times in the 1/2-hour I've been watching.

They call a bottom to this stock crash every 30 seconds now. What a bunch of shills.
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OPERATIONMINDCRIME Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-13-08 08:44 AM
Response to Original message
1. Hopefully It Was The Bottom.
I'm crossing my fingers that it was.
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scheming daemons Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-13-08 09:54 AM
Response to Reply #1
3. The key thing is that the LIBOR rates are going down today.... that matters more than the Dow

If the LIBOR rates continue downward, then we DID reach the bottom.


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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-13-08 10:02 AM
Response to Reply #3
4. LIBOR was 4.52 on Friday. Today it's 4.75. How is that going down?
Indeed, as I've watched it, it went from 4.12 to 4.23 to 4.52 and now it's 4.75. I don't see how you think LIBOR "rates are going down today".

If I am mistaken, please do correct me.
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scheming daemons Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-13-08 10:10 AM
Response to Reply #4
6. Link

http://www.cnbc.com/id/26905693

Shows them all down or unchanged.
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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-13-08 10:16 AM
Response to Reply #6
7. I don't have a link. I'm seeing it on CNBC. And, still, it was 4.52 on
Friday and today it is 4.75. The link you are showing says it (we're concentrating on the 3-month) went down .06 of a point. There will be ups and downs, just like stocks, but overall it is up.

No?
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scheming daemons Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-13-08 10:21 AM
Response to Reply #7
8. I've been watching the CNBC link daily...this is the first day that the arrows
Edited on Mon Oct-13-08 10:21 AM by scheming daemons
were red in a long time.
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2Design Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-13-08 09:31 AM
Response to Original message
2. we still have a lot of overpriced houses that have to come down
before any bottom can be reached - they are just trying to extend the ponzi game for their friends with our money
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garlicmilkshake Donating Member (219 posts) Send PM | Profile | Ignore Mon Oct-13-08 10:08 AM
Response to Original message
5. They don't close for columbus day?
I thought it was supposed to be an 'official' holiday...
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ensho Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-13-08 11:01 AM
Response to Original message
9. CNN 6a.m. show was worried about the 'bottom' too


nt
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