Stock Markets Current News (original thread)

smallpoxgirl · **Joined:** Mon Nov 08, 2004 1:00 am **Posts:** 7742

Wow! This is crazy! I guess a bunch of people were counting on them dropping it to 0.75%.

emersonbiggins · **Posted:** Wed Oct 29, 2008 11:31 am

I thought sure we were going to get a 200bp cut, to -0.5%...

(yeah, that's right, PAY ME to take that money)

biofuel13 · **Posted:** Wed Oct 29, 2008 11:32 am

Ah hahahahahaha! I love it! They cut the rate and the DOW nose dives! That is hilarious! :lol:

smallpoxgirl · **Joined:** Mon Nov 08, 2004 1:00 am **Posts:** 7742

Anybody got a guess on today's close?

I'm saying 8500.

Spanktron9 · **Posted:** Wed Oct 29, 2008 11:37 am

biofuel13 wrote:

Ah hahahahahaha! I love it! They cut the rate and the DOW nose dives! That is hilarious! :lol:

Bio-

I think it was a result of the language used in the announcement.
``Downside risks to growth remain,''

translated to "we're screwed, but here have some more paper."

firestarter · **Joined:** Sun Mar 19, 2006 1:00 am **Posts:** 1194

With Q3 GDP up tomorrow I can't imagine anyone going long overnight.

8500 sounds right to me.

900 SPX

biofuel13 · **Posted:** Wed Oct 29, 2008 11:41 am

smallpoxgirl wrote:

Anybody got a guess on today's close?

I'm saying 8500.

Wow! I don't think we will tank that far down today. I'm guessing the DOW will be down about 125 to 175 pts on the day.

firestarter · **Joined:** Sun Mar 19, 2006 1:00 am **Posts:** 1194

Spoke too soon. Forgot Paulson buys futures in these circumstances. UGG!!

ReverseEngineer · **Joined:** Wed Jul 16, 2008 12:00 am **Posts:** 3584

firestarter wrote:

Spoke too soon. Forgot Paulson buys futures in these circumstances. UGG!!

Boy, it must be fun to play the market with a Blank Checkbook. Let me buy $1T worth of nothing today. Ben, print me another $1T, the account is running thin right now!

Reverse Egnineer

vtsnowedin · **Joined:** Fri Jul 11, 2008 12:00 am **Posts:** 1394

flapjax wrote:

IgnoranceIsBliss wrote:

vtsnowedin wrote:

:x Being a suspicious sort I think they are pulling out all the stops to stablize the market until after election day. Perhaps a close on Monday around 10500? Then the bad news gets through late next week and we are off to the races again.

On Wednesday morning, when Obama looks like the victor, they will let the bottom drop out. Then Fox news will proclaim that the market is showing us how bad an Obama administration will be.

:twisted:

Of course they will. Haven't they pinned the whole fiasco on him already?

No calls for day's end today? 9350?

And if McCain wins they will try to hold it up for a decent interval. maybe a week to ten days. Only an hour to go but I call 8980!

smallpoxgirl · **Joined:** Mon Nov 08, 2004 1:00 am **Posts:** 7742

biofuel13 wrote:

Wow! I don't think we will tank that far down today. I'm guessing the DOW will be down about 125 to 175 pts on the day.

Hard to say. We were in a very tight squeeze all morning. There's a very fierce battle for control going on right now. It looks to me like it's going to end in a bear victory and whoever wins is going to go on a serious rampage I think.

biofuel13 · **Posted:** Wed Oct 29, 2008 12:08 pm

Pretty much at the baseline with an hour to go....

Will she go up or down? *flips coin*

jasonraymondson · **Posted:** Wed Oct 29, 2008 12:12 pm

I missed yesterday, but I am going to try again.

Down 100 for the day

biofuel13 · **Posted:** Wed Oct 29, 2008 12:17 pm

Up 200 pts in 3 minutes here we go

biofuel13 · **Posted:** Wed Oct 29, 2008 12:22 pm

No worries everyone, we'll be back above 12,000 pts in about a week...

Nothing more to see here...move along....move along

Stock Markets Current News (original thread)

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