Raven
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Tue Feb-10-09 12:58 PM
Original message |
Watch the Stock Market. It is beginning to move. n/t |
CoffeeCat
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Tue Feb-10-09 12:59 PM
Response to Original message |
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Isn't this week supposed to be all fire and brimstone in the stock market?
It must have gone up quite a bit yesterday...
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CoffeeCat
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Tue Feb-10-09 01:00 PM
Response to Reply #1 |
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Edited on Tue Feb-10-09 01:02 PM by CoffeeCat
The Dow is down 260.
The media blames Geithner.
No wonder they waited a day!
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Andy823
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Tue Feb-10-09 01:04 PM
Response to Reply #2 |
6. They should be blaming |
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Republicans who are trying their best to kill the bill in congress. Until they pass that bill I don't see any great movement "UP" for the tock market, and then It will still be up and down from day to day with no real "huge" gains for some time. Of course a gain of "any kind" will be a welcome sight.
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CoffeeCat
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Tue Feb-10-09 01:10 PM
Response to Reply #6 |
12. At this point, I don't think anything... |
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...will help.
Obama's plan could make some difference, and I applaud him for what he's trying to do. He didn't create this mess.
Unfortunately, the Republicans designed this house of cards to fall---and it's going to fall no matter what anyone does. Rising unemployment, massive business closings, another horrendous housing bubble is set to pop in 2009 as ARMS reset.
It's all going to hell, and I think it's all orchestrated to fall on Obama's watch. They could have continued to prop up the house of cards but after they realized that Obama would win--they decided that it would all fall.
Obama gets blamed. America is angry. The neocon scumbags have a chance at clawing back into power in 2012.
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godai
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Tue Feb-10-09 01:00 PM
Response to Original message |
3. Right now it's nailed to 8000. |
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One of those psychological boundaries which have no basis in reality.
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Pale Blue Dot
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Tue Feb-10-09 01:00 PM
Response to Original message |
4. Yah. It's moved from -292 to -262 in 20 minutes. |
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Woo hoo. They can't contain their enthusiasm.
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Pale Blue Dot
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Tue Feb-10-09 01:04 PM
Response to Reply #4 |
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You'd almost think that they were predicting that this isn't going to work. I wonder why?
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Raven
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Tue Feb-10-09 01:05 PM
Response to Reply #4 |
7. Down again! Follow the bouncing ball. n/t |
Pirate Smile
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Tue Feb-10-09 01:07 PM
Response to Reply #4 |
9. Well, this is the stock market that frequently rallies when there are layoffs because a company has |
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decided to send all their jobs off-shore.
Wall street and main street are frequently at odds so I wouldn't make any decisions based on just how Wall Street reacts.
I'm looking for more info personally.
:hi:
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prolesunited
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Tue Feb-10-09 01:05 PM
Response to Original message |
8. Means as much as how they calculate gas prices |
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Day to day fluctuations mean nothing. We need a long-term trend line on the upswing.
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Raven
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Tue Feb-10-09 01:07 PM
Response to Reply #8 |
10. Agreed, but I thought we might get a pulse at least today. |
anonymous171
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Tue Feb-10-09 01:07 PM
Response to Original message |
11. If it's moving down that means everything will be fine. |
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Those parasites know nothing about finance except how to make shit look like gold on paper.
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CoffeeCat
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Tue Feb-10-09 01:11 PM
Response to Reply #11 |
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"shit look like gold on paper."
Plus, if the DOW tanks 300 or so--tomorrow they'll spend the entire day telling us what a GREAT buying opportunity this is, and what a fabulous silver lining this all is!
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CoffeeCat
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Tue Feb-10-09 01:13 PM
Response to Reply #13 |
15. Now, it's down 316,.,, (nt) |
Pale Blue Dot
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Tue Feb-10-09 01:12 PM
Response to Reply #11 |
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Not because they're not parasites (they are), but because they are in the business of predicting the future in order to make money. If they thought this was going to work, and increase the value of stocks in the future, they would be buying right now, at the instant that they know for sure this is going to pass. They're not buying.
The parasites are speaking volumes right now, whether we like what they're saying or not.
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tuckessee
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Tue Feb-10-09 01:18 PM
Response to Original message |
16. The Piehole Effect trancends administrations. n/t |
CoffeeCat
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Tue Feb-10-09 01:28 PM
Response to Reply #16 |
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...."open your piehole, tell bad news" and the whole market tanks?
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Statistical
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Tue Feb-10-09 02:05 PM
Response to Reply #22 |
26. No it is open your piehole and look like a clueless idiot (= Geitner today) |
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The market can handle bad news.
Bad news is priced in already.
The market can't handle uncertainty.
Geitner promised certainty with a "plan". Plans generally have details.
People/investors actually believed Geitner has a plan.
Then he opened his mouth and everyone from the pros to personal investors saw he was clueless. He has no plan.
He has a plan to form a committee to begin looking at names for future plan. Details in the coming weeks. The market tanked on that.
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thewiseguy
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Tue Feb-10-09 01:20 PM
Response to Original message |
17. In the wrong direction? |
Pale Blue Dot
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Tue Feb-10-09 01:23 PM
Response to Reply #17 |
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It's verging on a crash. I doubt there will be one today, but who knows?
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sharp_stick
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Tue Feb-10-09 01:26 PM
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19. Down 350 is verging on a crash |
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shit man you are some dramatic here.
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thewiseguy
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Tue Feb-10-09 01:28 PM
Response to Reply #19 |
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Dow has had these big slides today. I do not understand why.
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Pale Blue Dot
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Tue Feb-10-09 01:29 PM
Response to Reply #19 |
23. It's currently down nearly 4.5%. |
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Dramatic or not, that's verging on the traditional definition of a crash.
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CoffeeCat
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Tue Feb-10-09 01:27 PM
Response to Original message |
20. Down 364...yikes. (nt) |
Raven
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Tue Feb-10-09 01:32 PM
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24. Are people staying out or selling because the Stim Bill has to go |
Pale Blue Dot
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Tue Feb-10-09 01:47 PM
Response to Reply #24 |
25. No. It's because they think (or know) it won't work. |
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There's no reasonable doubt that it will get through conference.
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Tue Apr 23rd 2024, 11:30 PM
Response to Original message |