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View unanswered posts | View active topics
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Cid_Yama
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Post subject: Re: US Markets Friday, 10-10-2008  Posted: Fri Oct 10, 2008 10:48 am |
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Joined: Sun May 27, 2007 12:00 am
Posts: 2862
Location: The Post Peak Oil Historian
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Yes, everyone will be bailing before the 3 day weekend.
A lot of the volitility earlier was due to attempts to curtail the plunge. A massive amount of mystery money was pushed into financials, no doubt treasury action to support the banks.
Down over 500 now. Seems they couldn't stem the tide.
_________________
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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jbrovont
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Post subject: Re: US Markets Friday, 10-10-2008 Posted: Fri Oct 10, 2008 10:49 am |
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Joined: Fri Jun 16, 2006 12:00 am
Posts: 842
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Here comes the 8000 mark. Hold on to you butts! 1:48pm, 8085,85 and falling...
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Minvaren
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Post subject: Re: US Markets Friday, 10-10-2008 Posted: Fri Oct 10, 2008 10:52 am |
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Joined: Sun Sep 25, 2005 12:00 am
Posts: 172
Location: Planet Houston
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8000 looks to be a resistance level, up and down past it 3 times in 3 minutes...
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Jotapay
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Post subject: Re: US Markets Friday, 10-10-2008 Posted: Fri Oct 10, 2008 10:53 am |
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Joined: Sat Jun 21, 2008 12:00 am
Posts: 2954
Location: Austin, TX. The last oasis in the last free state.
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Minvaren wrote: 8000 looks to be a resistance level, up and down past it 3 times in 3 minutes...
There's probably a lot of black boxes programmed with buy orders at 8000. Once all the buys execute and the effect wears off, it will keep falling.
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DarkDawg
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Post subject: Re: US Markets Friday, 10-10-2008 Posted: Fri Oct 10, 2008 11:03 am |
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Joined: Mon Oct 17, 2005 12:00 am
Posts: 150
Location: Saratoga County, NY
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On August 3rd, 1492 Columbus sailed in search of....gold and spices.
He found it and he died a wealthy man at the age of 55.
The District of Columbia gets its name from him. America was even called Columbia by some in the early days.
Today America, the land of gold and honey, sits on the brink of economic disaster.
So in 500 years, what have we learned about the search for gold?
Let us ponder that this weekend.
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Dan1195
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Post subject: Re: US Markets Friday, 10-10-2008 Posted: Fri Oct 10, 2008 11:18 am |
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Joined: Sat Mar 19, 2005 1:00 am
Posts: 277
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Just incredible volatility right now. Moves 100+ points in the time span of a minute. As said above, last hour will be day, most days this week have seen major moves (all but once down) during that time period.
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Jotapay
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Post subject: Re: US Markets Friday, 10-10-2008 Posted: Fri Oct 10, 2008 11:26 am |
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Joined: Sat Jun 21, 2008 12:00 am
Posts: 2954
Location: Austin, TX. The last oasis in the last free state.
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I really get the feeling that there is some serious pumping going on. A steady sell-off is occurring, but at points huge buy orders are placed, you can tell. Who the hell is placing those buy orders? Everyone knows you don't try to catch a falling knife, and the size of the buy orders is very conspicuous.
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WyoDutch
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Post subject: Re: US Markets Friday, 10-10-2008 Posted: Fri Oct 10, 2008 11:28 am |
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Joined: Sat May 24, 2008 12:00 am
Posts: 186
Location: Park County, Wyoming
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Silver dropped over $2 an ounce today, but no-one has any silver for sale at anywhere close to spot prices.
Hmmmm. Everything is sold, but prices dropping?
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eastbay
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Post subject: Re: US Markets Friday, 10-10-2008 Posted: Fri Oct 10, 2008 11:52 am |
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Joined: Sat Dec 18, 2004 1:00 am
Posts: 6453
Location: One Mile From the Columbia River
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GOLD JUST DROPPED $60.00!
And bullion dealers are low on inventory. This is simply too strange for me to understand.
_________________
Got Dharma?
Everything is Impermanent. Shakyamuni Buddha
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jasonraymondson
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Post subject: Re: US Markets Friday, 10-10-2008 Posted: Fri Oct 10, 2008 11:55 am |
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Joined: Wed Jul 04, 2007 12:00 am
Posts: 3151
Location: Peace Out
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Can anyone explain to me why this graphic earlier from bloomberg showed we hit 7900, but now it doesn't
That seems a little messed up to me.
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dunewalker
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Post subject: Re: US Markets Friday, 10-10-2008 Posted: Fri Oct 10, 2008 11:58 am |
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Joined: Thu Jun 30, 2005 12:00 am
Posts: 1265
Location: northern California
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In the midst of the DJIA carnage, Bank of America is up over 2% and JPMorgan is up over 6%. Somebody must be privvy to information...
_________________
"Wilderness is another civilization apart from our own." - H.D. Thoreau
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lper100km
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Post subject: Re: US Markets Friday, 10-10-2008 Posted: Fri Oct 10, 2008 12:09 pm |
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Joined: Mon Jun 05, 2006 12:00 am
Posts: 245
Location: Over the tracks, left under the overpass, right, third boxcar on the left, ask for Jack
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jasonraymondson wrote: Can anyone explain to me why this graphic earlier from bloomberg showed we hit 7900, but now it doesn't
Can't explain it, but my chart service recorded the Dow at a low of 7891 about 5mins from start of trading.
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Jotapay
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Post subject: Re: US Markets Friday, 10-10-2008 Posted: Fri Oct 10, 2008 12:10 pm |
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Joined: Sat Jun 21, 2008 12:00 am
Posts: 2954
Location: Austin, TX. The last oasis in the last free state.
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lper100km wrote: jasonraymondson wrote: Can anyone explain to me why this graphic earlier from bloomberg showed we hit 7900, but now it doesn't Can't explain it, but my chart service recorded the Dow at a low of 7891 about 5mins from start of trading. Some of us saw it too, look at the start of this thread.
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