REAL WORLD EVENT DISCUSSIONS

DOW JONES UP!

POSTED BY: WHOZIT
UPDATED: Wednesday, October 15, 2008 18:12
SHORT URL:
VIEWED: 2260
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Monday, October 13, 2008 8:23 AM

WHOZIT


http://finance.yahoo.com/q?s=%5EDJI Time for some happy news.


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Monday, October 13, 2008 9:48 AM

HERO


Quote:

Originally posted by whozit:
Time for some happy news.


It falls big and everybody panics and assumes the economy is collapsing.

How come nobody is reacting the same way when its up big?

Quick! Somebody start a thread about how you survive the prosperity and good fortune.

H


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Monday, October 13, 2008 9:58 AM

PIRATENEWS

John Lee, conspiracy therapist at Hollywood award-winner History Channel-mocked SNL-spoofed PirateNew.org wooHOO!!!!!!


It's only dropped 2500 points in 12 months, not counting 100% inflation every 6 years.

All it took was a $5-trillion bankrobbery to get the private "Federal" Reserve Bank to put it's Plunge Protection Team back to work.


www.rense.com

Time for some happy jews.

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Monday, October 13, 2008 9:59 AM

STORYMARK


Quote:

Originally posted by Hero:
Quote:

Originally posted by whozit:
Time for some happy news.


It falls big and everybody panics and assumes the economy is collapsing.

How come nobody is reacting the same way when its up big?

Quick! Somebody start a thread about how you survive the prosperity and good fortune.

H




What a dumb statement.

"I thoroughly disapprove of duels. If a man should challenge me, I would take him kindly and forgivingly by the hand and lead him to a quiet place and kill him."

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Monday, October 13, 2008 10:18 AM

CHRISISALL


Quote:

Originally posted by Storymark:


What a dumb statement.


Seconded.

Chrisisall

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Monday, October 13, 2008 10:19 AM

HERO


Quote:

Originally posted by Storymark:
What a dumb statement.


Actually it was a comment about how the only emotions some folks round here can feel are "doom and gloom" "woe is me" and "Bush is evil".

What will I do with my 23% gains on the day (I bought RAD last week), how will I survive my sudden wealth and prosperity...I'm thinkin...new car. Yeah, something in the Sedan family to go with my Jeep.

Help, help...the sky is NOT falling! No Wolf...there's no wolf! Repent, the end aint here!

And the Browns are gonna win tonight. Wait and see...

Edited to add: If we had the largest one day drop in history you'd all be saying CRASH. This was the largest one day gain in history...why not a similar reaction?

H

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Monday, October 13, 2008 10:30 AM

PIRATENEWS

John Lee, conspiracy therapist at Hollywood award-winner History Channel-mocked SNL-spoofed PirateNew.org wooHOO!!!!!!


The Dow dropped 700 points again today, but "rallied" mysteriously, as the Plunge Protection Team countefeited another trillion "dollars" of junk derivatives by typing on a keyboard.

BTW, Communist China owns Dow Jones, Wall Street Journal and Fox News.


http://piratenews.org/fox-news-owned-by-communist-china.html
http://en.wikipedia.org/wiki/Wendi_Deng

"Government control of communications and transportation."
-Communist Manifesto, 6th Plank

"On Earth-That-Was, the two ruling powers were once known as America and China. And pot was totally legal, though I probably won't stress that. In fact, forget I said it."
-Joss Whedon, Serenity: The Official Visual Companion, A Brief History of the Universe
circa 2507A.D.

FIREFLY VERSE: Cedric of Bedlam Bards - Hush Little Citizen
Lyrics: www.fireflyfans.net/sunroomitem.asp?i=21027
Video by FireFlyGirl, remix by PirateNews
http://video.google.com/videoplay?docid=-7078278113681186118

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Monday, October 13, 2008 10:42 AM

HERO


Quote:

Originally posted by piratenews:
The Dow dropped 700 points again today,


The DOW opened at 8,462.42.

Its lowest point was 8462.18.

It closed up 936.42.

I think you forgot to carry the one...

H

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Monday, October 13, 2008 10:46 AM

WHOZIT


DOW climed 936.42 That's good rite?

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Monday, October 13, 2008 10:50 AM

CHRISISALL


It goes up, it goes down, it goes spinning
all around...

It's a mythical beast; have y'all ever SEEN a Dow?

Chrisisall

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Monday, October 13, 2008 11:54 AM

KIRKULES


Quote:

Originally posted by Hero:

What will I do with my 23% gains on the day (I bought RAD last week), how will I survive my sudden wealth and prosperity...I'm thinkin...new car. Yeah, something in the Sedan family to go with my Jeep.


Congrats on your gains Hero. I bought a very small position in MS Friday but most of my funds were tied up from trading MS on Thursday. Made good money on both trades but I only held the large position I bought Thursday for three minutes. I think today was the beginning of a bottoming process that will probably take a few months, if it follows historical patterns. I wouldn't rush in to quick except for a trade. After we see a retest of the lows down the road I'll be jumping in with everything I have.

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Monday, October 13, 2008 12:52 PM

AURAPTOR

America loves a winner!


Dow jumps up for its highest gain in history.

Congress not in session

Coincidence ?



It is not those who use the term "Islamo-Fascism" who are sullying the name of Islam; it is the Islamo-Fascists. - Dennis Prager


" They don't like it when you shoot at 'em. I worked that out myself. "

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Monday, October 13, 2008 3:55 PM

FREMDFIRMA

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Monday, October 13, 2008 4:07 PM

AURAPTOR

America loves a winner!


Quote:

Originally posted by Fremdfirma:
http://en.wikipedia.org/wiki/Dead_cat_bounce

BOING!!!



Physically impossible for an object to bounce higher than from where it dropped. " Bounce " was higher than the fall from Friday, wasn't it ?





It is not those who use the term "Islamo-Fascism" who are sullying the name of Islam; it is the Islamo-Fascists. - Dennis Prager


" They don't like it when you shoot at 'em. I worked that out myself. "

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Monday, October 13, 2008 5:31 PM

ELVISCHRIST


Quote:


Physically impossible for an object to bounce higher than from where it dropped. " Bounce " was higher than the fall from Friday, wasn't it ?



Did today's bounce undo ALL of the falls from the last 2 weeks?


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Monday, October 13, 2008 8:37 PM

HKCAVALIER


Quote:

Originally posted by ElvisChrist:
Did today's bounce undo ALL of the falls from the last 2 weeks?

Of course it did! And volatility isn't an issue either!

HKCavalier

Hey, hey, hey, don't be mean. We don't have to be mean, because, remember, no matter where you go, there you are.

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Monday, October 13, 2008 11:47 PM

AURAPTOR

America loves a winner!


I was merely comparing this day's surge to the last day it dipped down , you know...one day to one day. Why would you compare one day's activity to the sum of 2 weeks ? That's just stupid.

( And it looks as if there's more to come, if the Asian markets are any indicator .... )

Business
Market turmoil
Financial crisis
Asian markets in dramatic rebound on global efforts to shore up banks
• Nikkei soars 14.2%, its biggest one-day gain

Justin McCurry in Tokyo
guardian.co.uk, Tuesday October 14 2008 07.57 BST
Article history
Markets across Asia rebounded in dramatic fashion today after global efforts to shore up ailing banks sparked similar recoveries in US and European markets.

Japan's Nikkei 225 soared by 14.2%, its biggest one-day gain in its 58-year history. The benchmark surged 1171 points to close at 9447, surpassing its previous record jump of 13.2% on October 2 1990.






It is not those who use the term "Islamo-Fascism" who are sullying the name of Islam; it is the Islamo-Fascists. - Dennis Prager


" They don't like it when you shoot at 'em. I worked that out myself. "

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Tuesday, October 14, 2008 2:36 AM

HERO


Quote:

Originally posted by Hero:
And the Browns are gonna win tonight. Wait and see...


35-14...Browns win.

(PN races to the computer to write about the Nazi Cleveland Jew Browns and how they really lost the game and the NFL is fixed and all televised sports athletes are really just animatronic Jewish death robots and...boom...his head explodes.)

H

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Tuesday, October 14, 2008 3:49 AM

CANTTAKESKY


Quote:

Originally posted by chrisisall:
It's a mythical beast; have y'all ever SEEN a Dow?

Here he is.

http://www.cnn.com/2008/LIVING/08/01/unusual.names.irpt/index.html

--------------------------
Dr. Horrible Karaoke


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Tuesday, October 14, 2008 6:42 AM

SIGNYM

I believe in solving problems, not sharing them.


I guess socialism works well for Wall Street, eh? Too bad it can't survive on sheer captialism alone!

---------------------------------
Let's party like its 1929.

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Tuesday, October 14, 2008 6:50 AM

WULFENSTAR

http://youtu.be/VUnGTXRxGHg


Yeah Wall Street socialism works, just like regular socialism works....

The smart, good, strong folks, have to bail out the ignorant, evil, stupid assclowns.

Keep payin them taxes people...now, not only do you have to take care of the welfare slobs, you now get to take care of the big bankers.

Yippeee! Thank you Baby-boomers, and me-generation folk. You've just royally screwed the future of America.

Fuck Socialism. Fuck Communism. Those theologies cater to the weak and the stupid.


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Tuesday, October 14, 2008 8:02 AM

RUE

I have a vote and I'm not afraid to use it!


I heard a cute description of the bounce - like a dead cat bouncing when it hits the sidewalk. Also an analysis - the market was reacting to foreign markets. The analysis went on further - when the market absorbs the fact that there is still a credit freeze, and that the government has done nothing substantive to fix the problem, it will go down - again.





***************************************************************

Silence is consent.

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Tuesday, October 14, 2008 11:14 AM

KIRKULES


Quote:

Originally posted by rue:
I heard a cute description of the bounce - like a dead cat bouncing when it hits the sidewalk. Also an analysis - the market was reacting to foreign markets. The analysis went on further - when the market absorbs the fact that there is still a credit freeze, and that the government has done nothing substantive to fix the problem, it will go down - again.


I agree that this is probably a dead cat bounce but that doesn't mean that the lows we saw Friday are not the bottom. We will most likely retest the lows but with the bailout package now kicking in I doubt we'll see new lows. It may seem like the US markets were reacting to foreign markets but this is very rarely the case. Markets are forward looking, and the foreign markets often anticipate the reaction of the US market to good news over the weekend ahead of time. The US market is still the only market that moves the world markets. If the US market hadn't been up Monday the gains in foreign markets would have evaporated over night.

The Treasury is now going to buy 250 billion in preferred non-voting shares in US banks. This should provide the liquidity needed without excessive interference in the free market. The taxpayers should make good money on this deal.

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Tuesday, October 14, 2008 11:23 AM

SIGNYM

I believe in solving problems, not sharing them.


Our problem is that we have several problems:

A fiscal problem: huge Federal deficit

A financial problem: highly leveraged institutions dealing in opaque products going down like dominoes

An economic problem: decreasing middle-class wages leading to housing bubble/ credit-driven consumption, and eventually lower demand

A trade problem: balance of trade deficits

They're trying to solve the financial problem, but they need to solve the economic problem before demand rises again. Other nations have financial problems but that is unlikely to cause a deep recession because they don't have our "upside down" income distribution. Here we have a "perfect storm".




---------------------------------
Let's party like its 1929.

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Tuesday, October 14, 2008 11:41 AM

CHRISISALL


Quote:

Originally posted by rue:
I heard a cute description of the bounce - like a dead cat bouncing when it hits the sidewalk.

*raises hand*
Ummm, after a certain height they don't bounce, they just splat.


FYIisall

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Tuesday, October 14, 2008 12:39 PM

ELVISCHRIST


Quote:

Why would you compare one day's activity to the sum of 2 weeks ? That's just stupid.


Ironic, being called stupid by someone who actually thinks that 95% of Americans don't pay income tax!

I was pointing out that one good day does not break a downward trend. You tried to imply that that one good day was MORE of a bounce than the falls we'd seen leading up to it.

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Tuesday, October 14, 2008 12:41 PM

ELVISCHRIST


Quote:


The Treasury is now going to buy 250 billion in preferred non-voting shares in US banks. This should provide the liquidity needed without excessive interference in the free market. The taxpayers should make good money on this deal.



Which seems to indicate that you're okay with at least "partial socialism", since those banks are now effectively at least partially nationalized.

If the prefix "pro-" means "for" or "in favor of", and "con" is its opposite, and if "progress" means "pushing forward" or "improving"... then what the hell does "Congress" mean?

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Tuesday, October 14, 2008 12:52 PM

SIGNYM

I believe in solving problems, not sharing them.


Quote:

*raises hand*
Ummm, after a certain height they don't bounce, they just splat.

And you would know this..... how???????

*runs away giggling*


---------------------------------
Let's party like its 1929.

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Tuesday, October 14, 2008 1:05 PM

RUE

I have a vote and I'm not afraid to use it!


I'm sure he was just trying to see if cats always land on their feet.

***************************************************************

HHHmmm ... yeah ... that IS a pretty good story.

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Tuesday, October 14, 2008 1:09 PM

OUT2THEBLACK


Quote:

Originally posted by SignyM:
Our problem is that we have several problems:

A fiscal problem: huge Federal deficit

A trade problem: balance of trade deficits

...They're trying to solve the financial problem, but they need to solve the economic problem before demand rises again.




You forgot to mention the Biggest Problems...

The massive , ever-increasing Federal DEBT , the unpayable interest compounding upon it , The IRS forcibly robbing folk to attempt to pay that interest ; and the tax agency's Evil Twin , the private-corporation 'Federal Reserve' , and its
fiat-currency it continues to print and move into circulation...

A Lawful Dollar , and a CONgress less willing to commit US to chronic servitude would be a good start on attacking those biggest of our problems...

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Tuesday, October 14, 2008 1:25 PM

CHRISISALL


Quote:

Originally posted by SignyM:
Quote:

*raises hand*
Ummm, after a certain height they don't bounce, they just splat.

And you would know this..... how???????


Some sick dudes in Hoboken used to do 'cat flinging' off buildings (before the gentrification), the lack of bounce factor was seen as a kindness....

Ewwwueisall

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Tuesday, October 14, 2008 1:41 PM

KIRKULES


Quote:

Originally posted by ElvisChrist:
Quote:


The Treasury is now going to buy 250 billion in preferred non-voting shares in US banks. This should provide the liquidity needed without excessive interference in the free market. The taxpayers should make good money on this deal.



Which seems to indicate that you're okay with at least "partial socialism", since those banks are now effectively at least partially nationalized.


This isn't the first time in US history that the Government has taken an equity stake in private companies and it probably won't be the last. I think this temporary action will be worthwhile if it works and if it doesn't, things are going to get so bad the additional damage done by this temporary "socialization" wont be noticed. This is a good faith attempt by honest guys (Paulson and Bernanke) to avoid the potential disaster that they inherited. I think the decisive action they've taken has worked in the short term to stem the panic, but only time will tell how effective it will be for the long term. We're very lucky to have Paulson and Bernanke around for this. Paulson is as knowledgeable as anyone about the workings of the financial system and Bernanke has great knowledge of the historical mistakes the Fed has made, including what went wrong after the crash of 29. I would be panicking with everyone else if I did'nt feel like we're in good hands.

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Tuesday, October 14, 2008 1:57 PM

SERGEANTX


K Cool, you are a funny guy!

SergeantX

"Dream a little dream or you can live a little dream. I'd rather live it, cause dreamers always chase but never get it." Aesop Rock

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Tuesday, October 14, 2008 2:09 PM

SIGNYM

I believe in solving problems, not sharing them.


Bernanke truly DID inherit the problem but Paulson was CEO of Goldman Sachs, arguing before the SEC in 2004 to let financial institutions pile debt on debt.
Quote:

They wanted an exemption for their brokerage units from an old regulation that limited the amount of debt they could take on. The exemption would unshackle billions of dollars held in reserve as a cushion against losses on their investments. Those funds could then flow up to the parent company, enabling it to invest in the fast-growing but opaque world of mortgage-backed securities; credit derivatives, a form of insurance for bond holders; and other exotic instruments. The five investment banks led the charge, including Goldman Sachs, which was headed by Henry M. Paulson Jr.



www.nytimes.com/2008/10/03/business/03sec.html

Both he and Phil Gramm can share some blame for the mess.

---------------------------------
Let's party like its 1929.

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Tuesday, October 14, 2008 2:46 PM

FREMDFIRMA


Why is it, Kirk, that you are so willing to stand shoulder to shoulder with me when the Fedgov goes reaching to empty my holster - but you're on the other side of the field when they go reaching to empty my wallet ?

To quote Jubal Early...
"Does that seem right to you ?"

-Frem

It cannot be said enough, those who do not learn from history, are doomed to endlessly repeat it

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Tuesday, October 14, 2008 3:28 PM

SERGEANTX


I'm just totally relieved that all the crooked pricks on wall street are making out ok. I was worried about 'em.

SergeantX

"Dream a little dream or you can live a little dream. I'd rather live it, cause dreamers always chase but never get it." Aesop Rock

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Tuesday, October 14, 2008 3:43 PM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)


I'm not convinced that Paulson really knows what he's doing, or what's going on. A week ago, he was dead-set AGAINST injecting capital into the banks themselves; now, he needs another $250 billion to inject capital into the banks.

If he's the BEST we've got, we could be in big trouble...

Mike

This world is a comedy for those who think, and a tragedy for those who feel.

Trolls Against McCain!

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Tuesday, October 14, 2008 4:25 PM

RUE

I have a vote and I'm not afraid to use it!


What'd the DOW start at this year --- roughly 12,200 ?

***************************************************************

Silence is consent.

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Wednesday, October 15, 2008 5:37 AM

RUE

I have a vote and I'm not afraid to use it!


DOW down ! roughly 330 at the moment.

***************************************************************

Silence is consent.

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Wednesday, October 15, 2008 5:42 AM

SIGNYM

I believe in solving problems, not sharing them.



Quote:

You forgot to mention the Biggest Problems... The massive , ever-increasing Federal DEBT
I believe I did
Quote:

A fiscal problem: huge Federal deficit



---------------------------------
Let's party like its 1929.

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Wednesday, October 15, 2008 7:29 AM

OUT2THEBLACK


Quote:

Originally posted by SignyM:

Quote:

You forgot to mention the Biggest Problems... The massive , ever-increasing Federal DEBT
I believe I did
Quote:

A fiscal problem: huge Federal deficit





Then it's even worse than I feared...

I'd been giving you the benefit of the doubt , and really had high hopes for you...

You've shown evidence of progress before...

You can lead a lot more folk to understanding , but first you'll have to understand that 'DEFICIT' and 'DEBT' are NOT
the Same Thing...

The vast majority of American Sheeple are Unaccountably 'Innumerate' ( Economically Illiterate ) when it comes to
'doing the Math' .

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Wednesday, October 15, 2008 7:41 AM

SIGNYM

I believe in solving problems, not sharing them.


Okay, I'll bite: What's the diff?

---------------------------------
Let's party like its 1929.

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Wednesday, October 15, 2008 8:05 AM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)


Deficit and Debt might not be the same thing, but in this case they're so intertwined as to be inseparable. We have huge deficit spending, resulting in an even more huge debt. We could cut 100% of the government's deficit spending, and we'd still be over $10 Trillion in debt, just on what we've already borrowed and pissed away.

Mike

This world is a comedy for those who think, and a tragedy for those who feel.

Trolls Against McCain!

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Wednesday, October 15, 2008 12:15 PM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)


...aaaaaannnnd, today the market is down again...


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Wednesday, October 15, 2008 1:41 PM

OUT2THEBLACK


Quote:

Originally posted by Kwicko:
Deficit and Debt might not be the same thing, but in this case they're so intertwined as to be inseparable. We have huge deficit spending, resulting in an even more huge debt. We could cut 100% of the government's deficit spending, and we'd still be over $10 Trillion in debt, just on what we've already borrowed and pissed away.

Mike




Hey , don't gimme that "we've" business...

I didn't do it !

This is like finding out that someone's been writing rubber checks on your account...

So then you report it to the bank , like a responsible person would...They say , " Don't you worry , we'll handle it ! "

And , when you go back to your house , it's being looted by a gang of thieves...

So , you notice that they've got a safe in the back of the truck...

They're locking your stuff into the safe...Once they've got all your valuables , the lead thief says , " Hey man , do you have any Money ? Let us handle it for you...We'll INVEST it for you ! We don't just work for the Bank , WE OWN THE BANK ! "

So , then , you whip out your wallet , and say , " Okay , I Trust You ! ...This makes me feel so much better about all those STOLEN CHECKS ! "

Only a moron , from a Nation of Morons , would do something like that , Right ?

So goes the story of our National Treasure , to the Gorramned 'Federal Reserve'...

Why do Folk so LOVE the System ?


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Wednesday, October 15, 2008 1:55 PM

OUT2THEBLACK


Quote:

Originally posted by SignyM:
Okay, I'll bite: What's the diff?

---------------------------------
Let's party like its 1929.



You're bitten...Don't be ashamed of it...

Pick yourself up , clean the wounds , and help someone who doesn't know yet...


Debt - General name for money, notes, BONDS, goods or services which represent amounts owed.

Deficit - Financial shortage that occurs when LIABILITIES exceed ASSETS.

http://www.nysscpa.org/prof_library/guide.htm#d

Translation : United States is BROKE !


How to FIX IT...Lawful Metallic Money...

And , END THE FED !

http://www.endthefed.us




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Wednesday, October 15, 2008 2:11 PM

OUT2THEBLACK


Quote:

Originally posted by Kwicko:
Deficit and Debt might not be the same thing, but in this case they're so intertwined as to be inseparable...



They seem inseparable because there are a thousand hacking at the branches of evil , to every ONE who is Striking at the Root...

That's naturalist economics and common sense...

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Wednesday, October 15, 2008 3:18 PM

FREMDFIRMA


LOL, you DO know that's also the motto of a popular Libertarian-Anarchist website, right ?

http://www.strike-the-root.com/

Actually pretty good one too, although I do not always fully agree with em, neither.

-Frem

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Wednesday, October 15, 2008 6:12 PM

OUT2THEBLACK


Henry David Thoreau and myself have many ideas in common...

He said it first and best...But , he also had esteem for many " Libertarian " ideas that were contemporary with the Revolution and all that preceded it , even though he lived a while further into Early American history...

As I recall , did he not also say that the government that " governs best governs the least " ?

Also a very " Libertarian " idea...

Hey , 'Browncoat' is in my DNA , I was an Independent before it was really cool...

Of course I knew of the S-T-R website , and some that are similar...I emailed a friend with a link for it recently , and he passed it on rather widely , which caused quite a stir...
Knew I should have stuck the link into this thread , but I believe I may have posted it in another one at some time...

On the subject of Thoreau , I remember his saying that " the majority of men lead lives of quiet desperation " , which
Pink Floyd picked up and twisted into , " holding on in quiet desperation is the English way..."

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