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Stock market shake-up: So what happens Monday?

Discussions about the economic and financial ramifications of hydrocarbon depletion.
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Re: Stock Markets Current News part II

Unread postby cbxer55 » Tue 02 Dec 2008, 16:16:34

Arsenal wrote:One step forward and two steps back should be the DOW's country theme song.
0

Except that here the last seven days, it has been 5 steps forward, one step back.
W'ell see how long that lasts!
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Re: Stock Markets Current News part II

Unread postby Armageddon » Tue 02 Dec 2008, 16:29:22

Zardoz wrote:
Armageddon wrote:*puts on tin foil hat*

Which one? I'm sure you have a helluva collection of them.



Just keep your head in the sand, everything will be fine.
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Re: Stock Markets Current News part II

Unread postby smallpoxgirl » Wed 03 Dec 2008, 09:25:52

This ought to be exciting. Futures traders are predicting a 200 point drop again today.
"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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Re: Stock Markets Current News part II

Unread postby Niagara » Wed 03 Dec 2008, 09:29:45

smallpoxgirl wrote:This ought to be exciting. Futures traders are predicting a 200 point drop again today.


Yup. I bought QID at the close last night.

"Candy from a baby"
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Re: Stock Markets Current News part II

Unread postby smallpoxgirl » Wed 03 Dec 2008, 09:38:27

Niagara wrote:Yup. I bought QID at the close last night.

"Candy from a baby"


I'm still a little baffled by that wild rally in the last hour yesterday. That was just retarded. I could totally be convinced that someone from the fed started some rate cut rumors or something to spark that one.
"We were standing on the edges
Of a thousand burning bridges
Sifting through the ashes every day
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Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
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Re: Stock Markets Current News part II

Unread postby EnergyUnlimited » Wed 03 Dec 2008, 10:02:53

smallpoxgirl wrote:
Niagara wrote:Yup. I bought QID at the close last night. "Candy from a baby"
I'm still a little baffled by that wild rally in the last hour yesterday. That was just retarded. I could totally be convinced that someone from the fed started some rate cut rumors or something to spark that one.

Oh, well they have only a final % to cut. :-D :-D :-D
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Re: Stock Markets Current News part II

Unread postby Spanktron9 » Wed 03 Dec 2008, 14:26:38

Wow, what has happened to the usually lively market discussion? Everybody on vacation?
Who are you going to turn to when all the crazy Peak-oil doomers end up being right?
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Re: Stock Markets Current News part II

Unread postby Arsenal » Wed 03 Dec 2008, 14:29:09

Spanktron9 wrote:Wow, what has happened to the usually lively market discussion? Everybody on vacation?


Actually busy today at work. :lol: :lol:
If the American people ever allow the banks to control issuance of their currency, first by inflation and then by deflation, the banks and corporations that grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers occupied. T Jefferson
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Re: Stock Markets Current News part II

Unread postby cube » Wed 03 Dec 2008, 14:29:17

*points to chart*

See this is why I have given up on making predictions.

How many direction changes can there be in a single day? :?
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Re: Stock Markets Current News part II

Unread postby smallpoxgirl » Wed 03 Dec 2008, 14:29:31

What a freaking roller coaster.
"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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Re: Stock Markets Current News part II

Unread postby Armageddon » Wed 03 Dec 2008, 14:36:00

With all the news coming out, I don't know how it's not down 500 pts minimum today.
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Re: Stock Markets Current News part II

Unread postby cbxer55 » Wed 03 Dec 2008, 14:39:02

Armageddon wrote:With all the news coming out, I don't know how it's not down 500 pts minimum today.


On CNBC, do they not like to say, at least once a day, that all the bad news is already factored into the market?
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Re: Stock Markets Current News part II

Unread postby cube » Wed 03 Dec 2008, 14:39:06

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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Re: Stock Markets Current News part II

Unread postby Arsenal » Wed 03 Dec 2008, 14:41:51

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. :roll: :roll: :roll:
If the American people ever allow the banks to control issuance of their currency, first by inflation and then by deflation, the banks and corporations that grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers occupied. T Jefferson
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Re: Stock Markets Current News part II

Unread postby Arsenal » Wed 03 Dec 2008, 14:45:34

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.

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.
If the American people ever allow the banks to control issuance of their currency, first by inflation and then by deflation, the banks and corporations that grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers occupied. T Jefferson
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Re: Stock Markets Current News part II

Unread postby Armageddon » Wed 03 Dec 2008, 14:51:04

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.
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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Re: Stock Markets Current News part II

Unread postby Arsenal » Wed 03 Dec 2008, 14:52:20

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. :(
If the American people ever allow the banks to control issuance of their currency, first by inflation and then by deflation, the banks and corporations that grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers occupied. T Jefferson
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Re: Stock Markets Current News part II

Unread postby smallpoxgirl » Wed 03 Dec 2008, 14:55:59

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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Re: Stock Markets Current News part II

Unread postby ALBY » Wed 03 Dec 2008, 15:27:25

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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Re: Stock Markets Current News part II

Unread postby cube » Wed 03 Dec 2008, 15:41:31

20 min left

raging bull!
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