US Markets Friday, 10-10-2008

biofuel13 · **Posted:** Fri Oct 10, 2008 12:17 pm

Massive end of the day rally!! PPT in full effect! The DOW will close in positive territory at any cost.

dunewalker · **Posted:** Fri Oct 10, 2008 12:20 pm

biofuel13 wrote:

Massive end of the day rally!! PPT in full effect! The DOW will close in positive territory at any cost.

I agree. I was going to posit this earlier, but was afraid to stick my neck out. This is the last "tool in their box" before bank "holidays", so they're putting every ounce into it--that is, closing positive today to try to break the back of the rout.

threadbear · **Joined:** Sat Jan 22, 2005 1:00 am **Posts:** 7917

And people will invariable sell into the rallies.

Duende · **Posted:** Fri Oct 10, 2008 12:27 pm

Someone pushed the button. C'mon say it with me:

P-P-T! P-P-T! P-P-T!

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

Well...Paulson just picked my pocket again. Anybody else?

biofuel13 · **Posted:** Fri Oct 10, 2008 12:29 pm

What a bunch of crap. Are we really supposed to believe that the market magically turned around in 45 mins at the end of an 8 day losing streak?!?

Cid_Yama · **Posted:** Fri Oct 10, 2008 12:31 pm

Yep, mystery money just flooded the market. They can't afford to do it til close, expect the last half hour to be extremely volitile as people bail and they try to cover the other side of the equation.

Duende · **Posted:** Fri Oct 10, 2008 12:32 pm

And we're in the green!!!

PPT tied the Dow to a rocketship, look at it go!!!

500 pts. in 5 minutes? I'm left breathless.

NEVER DOUBT THE POWER OF THE TPTB.

biofuel13 · **Posted:** Fri Oct 10, 2008 12:33 pm

Cid_Yama wrote:

Yep, mystery money just flooded the market. .

Cid--

You are the master research person around here. Can you tell us where this "mystery money" is coming from?

Arsenal · **Joined:** Tue Mar 18, 2008 12:00 am **Posts:** 862

smallpoxgirl wrote:

Well...Paulson just picked my pocket again. Anybody else?

Yup. Oh well.. I thought it was going down -700 but they pulled it out. Glad I did not have much in there.

Spanktron9 · **Posted:** Fri Oct 10, 2008 12:34 pm

OMG! How much did the PPT throw at this?

jasonraymondson · **Posted:** Fri Oct 10, 2008 12:34 pm

Up 109 right now. This is some serious market manipulation. How much money had to be printed to make this happen?

Duende · **Posted:** Fri Oct 10, 2008 12:37 pm

Now we're UP 287 pts.!!!!

OUTTA MY WAY... ZOOOMMM!!!

PPT to the rescue!

mattduke · **Joined:** Fri Oct 28, 2005 12:00 am **Posts:** 2576

Happy days are here again!

HEADER_RACK · **Joined:** Thu Feb 15, 2007 1:00 am **Posts:** 499

Quote:

Dick Whitney made his famous walk across the floor of the New York Stock Exchange.... At 1:30 in the afternoon, at the height of the panic, he strolled across the floor and in a loud, clear voice, ordered 10,000 shares of U.S. Steel at a price considerably higher than the last bid. He then went from post to post, shouting buy orders for key stocks."

"And sure enough, this seemed to be evidence that the bankers had moved in to end the panic. And they did end it for that day. The market then stabilized and even went up."

"But Monday was not good. Apparently, people had thought about things over the weekend, over Sunday, and decided maybe they might be safer to get out. And then came the real crash, which was on Tuesday, when the market went down and down and down, without seeming limit.

US Markets Friday, 10-10-2008

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