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View unanswered posts | View active topics
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mefistofeles
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Post subject: Re: Stock Markets Current News Posted: Wed Oct 15, 2008 2:25 am |
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Joined: Mon Mar 21, 2005 1:00 am Posts: 418
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I doubt it. The Central Bankers will do everything in their power to save the credit markets and possibly the stock markets. They haven't done everything possible yet.
Also you have to remember. This is like any complex problem. Even if you have the broad outline of a plan there is actually the trouble associated with implementing it.
Think of it like a computer problem. Sure you know what you have to do generally now its simply a matter of implementing the specific parts and components.
The market could go down a thousand points again but remember the central bankers have a plan this week, they have goals and objectives. This is a huge improvement from a few weeks ago where they were asking: what do we do now? There are now key goals aim and move for,although I wouldn't say its half the battle its very important not to run around like a chicken with its head cut off. Having an objective creates focus and brings a solution closer.
Who knows this isn't to say that they'll have to eventually take truly drastic measures next week but for the time being I confident that the central bankers can begin restoring liquidity to the banks. Unfortunately all this takes time, even its a few days.
Last edited by mefistofeles on Wed Oct 15, 2008 3:19 am, edited 2 times in total.
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Micki
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Post subject: Re: Stock Markets Current News Posted: Wed Oct 15, 2008 3:01 am |
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Joined: Wed Dec 07, 2005 1:00 am Posts: 2400 Location: Australia
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Are we tracking the market every 30min now and extrapolating that into trend???
_________________ Gold is the money of Monarchs, Silver is the money of gentlemen, Barter is the money of peasants, Debt is the money of slaves - LeMetropoleCafe
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Gebari
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Post subject: Re: Stock Markets Current News Posted: Wed Oct 15, 2008 5:05 am |
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Joined: Sun Jun 29, 2008 12:00 am Posts: 80 Location: Great Britan
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FTSE plunging, down 3.5% now. I won't take much for negativity and pessimism to hit traders once again, after the false glow of the government's digital money.
_________________ The history book on the shelf, is always repeating itself.
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frankthetank
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Post subject: Re: Stock Markets Current News Posted: Wed Oct 15, 2008 6:16 am |
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Joined: Thu Sep 16, 2004 12:00 am Posts: 5849 Location: Southwest WI
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Just a thought, but in this market it is minute to minute!!! Look at those big end of the day drops... Even yesterday had a 700 point swing, but if you weren't paying attention you'd think it was just a regular day
I want to watch the collapse happen in real time.
_________________ Don't take home the fattest girl in the club, it'll affect your gas mileage...
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Zardoz
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Post subject: Re: Stock Markets Current News Posted: Wed Oct 15, 2008 6:43 am |
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Joined: Fri Dec 02, 2005 1:00 am Posts: 6603 Location: Oil-addicted Southern Californucopia
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frankthetank wrote: I want to watch the collapse happen in real time.
This is pretty close:
http://finance.yahoo.com/q?s=%5EDJI
Just click your refresh button.
And, of course, there's always those zany folks on CNBC to watch. It's become one of the most entertaining channels on the tube.
_________________ "Thank you for attending the oil age. We're going to scrape what we can out of these tar pits in Alberta and then shut down the machines and turn out the lights. Goodnight." - seldom_seen
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biofuel13
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Post subject: Re: Stock Markets Current News Posted: Wed Oct 15, 2008 6:44 am |
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Joined: Wed May 07, 2008 12:00 am Posts: 610 Location: Chaska, MN
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frankthetank wrote: Just a thought, but in this market it is minute to minute!!! Look at those big end of the day drops... Even yesterday had a 700 point swing, but if you weren't paying attention you'd think it was just a regular day  I want to watch the collapse happen in real time.
+1 My thoughts exactly
_________________ "With man gone will there be hope for gorilla? With gorilla gone will there be hope for man?" --Ishmael by D. Quinn
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galacticsurfer
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Post subject: Re: Stock Markets Current News Posted: Wed Oct 15, 2008 6:59 am |
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Joined: Wed Nov 09, 2005 1:00 am Posts: 406
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If you lose 2% or so each day then by end of week you're back where you were last Friday just about -just no panic. Then another leg down 1000 points next week or two and by Xmas there ain't much market left. The whole thing here has been panics due to credit market seizure, blow ups. A normal recession never had that stuff but the markets had orderly declines based on lower earnings expectations. If we could get back to that then it owuld be unimportant what the market is worth, if only the system works (like a slow car that at least runs wthout blowing up).
_________________ "The horror, the horror"
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benzoil
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Post subject: Re: Stock Markets Current News Posted: Wed Oct 15, 2008 7:06 am |
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Joined: Fri Aug 26, 2005 12:00 am Posts: 452 Location: Windy City No Longer
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galacticsurfer wrote: If you lose 2% or so each day then by end of week you're back where you were last Friday just about -just no panic. Then another leg down 1000 points next week or two and by Xmas there ain't much market left. The whole thing here has been panics due to credit market seizure, blow ups. A normal recession never had that stuff but the markets had orderly declines based on lower earnings expectations. If we could get back to that then it owuld be unimportant what the market is worth, if only the system works (like a slow car that at least runs wthout blowing up).
Yah. If you lose 2000 points in a "death of a 1000 cuts" its a soft landing. Lose it in a day and they call it a panic. Either way, if I hear someone mention "dollar cost averaging" it makes me start frothing at the mouth.
_________________ TANSTAAFL
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mrbig
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Post subject: Re: Stock Markets Current News Posted: Wed Oct 15, 2008 8:00 am |
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Joined: Sun Nov 11, 2007 1:00 am Posts: 16 Location: Sweden
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Gebari
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Post subject: Re: Stock Markets Current News Posted: Wed Oct 15, 2008 8:11 am |
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Joined: Sun Jun 29, 2008 12:00 am Posts: 80 Location: Great Britan
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Huge sell off in Europe - main markets down around 7%, a bloodbath.
_________________ The history book on the shelf, is always repeating itself.
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