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View unanswered posts | View active topics
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cube
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Post subject: Re: Stock Markets Current News part II  Posted: Wed Dec 03, 2008 12:39 pm |
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| Fusion |
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Joined: Sat Mar 12, 2005 1:00 am
Posts: 3955
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smallpoxgirl wrote: What a freaking roller coaster. what do you think happened at 2:00pm EST?
Another bailout? Some other government action? Something we won't hear about until 30 minutes later in the news? the movement looks unnatural...like somebody must of flipped the switch.
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Arsenal
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Post subject: Re: Stock Markets Current News part II Posted: Wed Dec 03, 2008 12:41 pm |
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Joined: Tue Mar 18, 2008 12:00 am
Posts: 862
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Armageddon wrote: With all the news coming out, I don't know how it's not down 500 pts minimum today.
The PPT has factored that in. 
_________________
Arsenal
"If by "downsize" you mean "dissolve in acid", then yes. Downsizing government is good." -- Dreamtwister
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Arsenal
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Post subject: Re: Stock Markets Current News part II Posted: Wed Dec 03, 2008 12:45 pm |
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Joined: Tue Mar 18, 2008 12:00 am
Posts: 862
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cube wrote: smallpoxgirl wrote: What a freaking roller coaster. what do you think happened at 2:00pm EST? Another bailout? Some other government action? Something we won't hear about until 30 minutes later in the news? the movement looks unnatural...like somebody must of flipped the switch. Quote: Stocks turned lower in afternoon trading as investors readied for the 2 p.m. EST release of the Fed's beige book.
Must have been better news since it rallied right after that.
_________________
Arsenal
"If by "downsize" you mean "dissolve in acid", then yes. Downsizing government is good." -- Dreamtwister
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Armageddon
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Post subject: Re: Stock Markets Current News part II Posted: Wed Dec 03, 2008 12:51 pm |
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Joined: Wed Apr 13, 2005 12:00 am
Posts: 3692
Location: St.Louis, Mo
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Arsenal wrote: cube wrote: smallpoxgirl wrote: What a freaking roller coaster. what do you think happened at 2:00pm EST? Another bailout? Some other government action? Something we won't hear about until 30 minutes later in the news? the movement looks unnatural...like somebody must of flipped the switch. Quote: Stocks turned lower in afternoon trading as investors readied for the 2 p.m. EST release of the Fed's beige book. Must have been better news since it rallied right after that. Fed's 'Beige Book' survey says economic picture has deteriorated further across the nation. More soon.
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Arsenal
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Post subject: Re: Stock Markets Current News part II Posted: Wed Dec 03, 2008 12:52 pm |
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Joined: Tue Mar 18, 2008 12:00 am
Posts: 862
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Armageddon wrote: Fed's 'Beige Book' survey says economic picture has deteriorated further across the nation. More soon.
Then why did it rally? This market is so F$#@ed up. 
_________________
Arsenal
"If by "downsize" you mean "dissolve in acid", then yes. Downsizing government is good." -- Dreamtwister
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smallpoxgirl
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Post subject: Re: Stock Markets Current News part II Posted: Wed Dec 03, 2008 12:55 pm |
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Joined: Mon Nov 08, 2004 1:00 am
Posts: 7742
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cube wrote: smallpoxgirl wrote: What a freaking roller coaster. what do you think happened at 2:00pm EST? It's just crazy volatile today. It's making screaming fast runs in both directions. The bulls desperately want to save this rally, and they're generating some traction. I'm still inclined to believe we're going to take a dive in the last hour, but we'll see.
To more specifically answer your question about the 2:00 reversal, it ran into the bottom bollinger band on the 10 minute chart. That and the 8300 numerical support was enough to reverse it.
_________________
"We were standing on the edges
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
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ALBY
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Post subject: Re: Stock Markets Current News part II Posted: Wed Dec 03, 2008 1:27 pm |
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Joined: Fri Sep 30, 2005 12:00 am
Posts: 513
Location: Baltimore County, Md
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i wonder how long the market is going to bounce around like this. this volitility has been great. im going to be sorry when it ends. since 3 pm the dow is all over the place.
SLB posted some shitty news today and they are being punished, but not nearly as much as they deserve.
oil prices are CRASHED (gas her is $1.77 !!!!) yet XOM and CVX still hold wildly inflated market caps. when do they crash ? i guess the next round of dividend guidance might be instructive.
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cube
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Post subject: Re: Stock Markets Current News part II Posted: Wed Dec 03, 2008 1:41 pm |
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| Fusion |
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Joined: Sat Mar 12, 2005 1:00 am
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nobodypanic
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Post subject: Re: Stock Markets Current News part II Posted: Wed Dec 03, 2008 1:46 pm |
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Joined: Mon Jun 02, 2008 12:00 am
Posts: 885
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cube wrote: raging bull!
yes, a big steaming pile of it. 
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biofuel13
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Post subject: Re: Stock Markets Current News part II Posted: Wed Dec 03, 2008 1:55 pm |
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Joined: Wed May 07, 2008 12:00 am
Posts: 610
Location: Chaska, MN
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Take a look at yesterday's Dow chart and today's. They are exactly the same. Pretty crazy huh?
_________________
"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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Niagara
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Post subject: Re: Stock Markets Current News part II Posted: Wed Dec 03, 2008 1:56 pm |
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Joined: Thu Aug 17, 2006 12:00 am
Posts: 584
Location: Mt. Hubbert Scenic Lookout
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Yawn! This is getting too easy.
-Buy QID at the close
-Dump the next morning
-Buy QID at the close
-Dump the next morning
-Buy QID at the close
-Dump the next morning
Lather, rinse, repeat....
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Cid_Yama
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Post subject: Re: Stock Markets Current News part II Posted: Wed Dec 03, 2008 2:00 pm |
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Joined: Sun May 27, 2007 12:00 am
Posts: 2862
Location: The Post Peak Oil Historian
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Guess the Treasury is <b>NEVER</b> out of money. And they would rather have it go worthless than let this deflation continue.
Can they stop this deflation? Not a chance. They will destroy the USD before relinquishing power.
_________________
In a time of universal deceit, telling the truth is a revolutionary act. - George Orwell
It riles them to believe that you perceive the webs they weave. - Moody Blues
“I had to choose what I was going to do. Either go down and let that define me or step up and rewrite history.” - G.W. Bush
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Armageddon
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Post subject: Re: Stock Markets Current News part II Posted: Wed Dec 03, 2008 2:05 pm |
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Joined: Wed Apr 13, 2005 12:00 am
Posts: 3692
Location: St.Louis, Mo
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Cid_Yama wrote: Guess the Treasury is <b>NEVER</b> out of money. And they would rather have it go worthless than let this deflation continue. Can they stop this deflation? Not a chance. They will destroy the USD before relinquishing power.
Print and pump is basically their only choice at this point.
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Armageddon
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Post subject: Re: Stock Markets Current News part II Posted: Wed Dec 03, 2008 3:36 pm |
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Joined: Wed Apr 13, 2005 12:00 am
Posts: 3692
Location: St.Louis, Mo
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jazzguitar14
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Post subject: Re: Stock Markets Current News part II Posted: Wed Dec 03, 2008 3:48 pm |
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Joined: Tue Jul 22, 2008 12:00 am
Posts: 7
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Armageddon wrote:
+1... Post of the year...
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