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View Full Version : DOW monitoring thread; how well is rate cut working?




ghengis86
10-08-2008, 07:22 AM
down already....9:40AM EST

DOW112.86-1.19%
9,334.25
NASDAQ24.52-1.40%
1,730.36
S&P 50013.43-1.35%
986.70

so why do they call him helicopter ben?

RonPaulCentral
10-08-2008, 07:26 AM
down already....9:40AM EST

DOW112.86-1.19%
9,334.25
NASDAQ24.52-1.40%
1,730.36
S&P 50013.43-1.35%
986.70

so why do they call him helicopter ben?

Submarine Ben

ItsTime
10-08-2008, 07:29 AM
http://zapfu.com/files/8d56jug3iqpkws6gk82j.jpg (http://zapfu.com/)

ryanduff
10-08-2008, 07:33 AM
I see the DOW in the positive at 9:48AM... The PPT can only stop this for so long. The market will correct itself by the end of the day.

Aratus
10-08-2008, 07:35 AM
http://money.cnn.com/data/markets/dow/ it went down to 9,213 and
now its zigzagging up. today might see a climb or more of the same...

RonPaulCentral
10-08-2008, 07:35 AM
http://zapfu.com/files/8d56jug3iqpkws6gk82j.jpg (http://zapfu.com/)

Lol ---- Titanic Ben

ryanduff
10-08-2008, 07:36 AM
9600! What a sucker spike...

ghengis86
10-08-2008, 07:36 AM
I see the DOW in the positive at 9:48AM... The PPT can only stop this for so long. The market will correct itself by the end of the day.

Agreed. my question is, even with Ben cutting interest rates and pumping cash through the term lending window and the other bailouts, how will he force banks to lend? put a gun to their heads and say "make bad loans now!"?

from what i've seen here, on lewrockwell.com and mises.org, banks are hoarding this new cash.

wizardwatson
10-08-2008, 07:37 AM
I predict the market will close low today for fear of short-seller snap back (whether or not there will actually be one tomorrow).

ghengis86
10-08-2008, 08:13 AM
after being up almost 150, back down almost one hundred.

these rate cuts become more and more ineffective

Bruno
10-08-2008, 08:18 AM
Wow. 1 new high, almost 1500 new lows.

acptulsa
10-08-2008, 08:27 AM
...banks are hoarding this new cash.

The bailout is working splendidly, I see. The rich are getting still richer while the national debt grows exponentially.

If that isn't their primary goal, they really have been screwing up the last three decades...

angelatc
10-08-2008, 08:29 AM
from what i've seen here, on lewrockwell.com and mises.org, banks are hoarding this new cash.

Which, I might point out, is exactly what Cowsley said ;ast week that they were going to do. He was watching the credit markets.

If Bernanke wanted the banks to get off the cash, why would he cut rates? That means they're going to be forced to earn less?

angelatc
10-08-2008, 08:30 AM
after being up almost 150, back down almost one hundred.

these rate cuts become more and more ineffective

It's like heroin.

rockjoa
10-08-2008, 08:32 AM
They are preparing to inject more, but the patient is dying.

acptulsa
10-08-2008, 08:34 AM
They are preparing to inject more, but the patient is dying.

Inject enough adrenalin into a dying patient and your injection will kill it. How many people are losing faith in the market because the national debt just went up another seven hundred billion freaking dollars?

angelatc
10-08-2008, 08:35 AM
They are preparing to inject more, but the patient is dying.

We need a diuretic, not more water.

angelatc
10-08-2008, 08:36 AM
Inject enough adrenalin into a dying patient and your injection will kill it. How many people are losing faith in the market because the national debt just went up another seven hundred billion freaking dollars?

IF they're losing faith in the market then they're idiots. The market works just fine. It's people that are mucking it up.

Aratus
10-08-2008, 08:39 AM
the DOW seems to be spiking up again ---9,312
day 3 --- http://money.cnn.com/data/markets/dow/

armstrong
10-08-2008, 08:39 AM
Last night on Fast Money,,,it was said ( at current rate drops (average daily ) it would take 19 days to get to zero....) are we ready?

cska80
10-08-2008, 08:41 AM
Where can I find a live currency tracker?

wizardwatson
10-08-2008, 08:54 AM
Last night on Fast Money,,,it was said ( at current rate drops (average daily ) it would take 19 days to get to zero....) are we ready?



http://lh3.ggpht.com/WizardWatson/SOzK6ZqJ-5I/AAAAAAAAAQw/UbFysMM-DKM/s288/nw-031spongebob-ready.gif
Heed the wise words of Spongebob

http://lh5.ggpht.com/WizardWatson/SNPbMrxvJgI/AAAAAAAAAQQ/RhT-8snyqW0/s400/freemarketblackhole_letemps.gif
Large Hadron Collider Allegory

ghengis86
10-08-2008, 09:40 AM
down 156pts...

PatriotLegion
10-08-2008, 09:45 AM
http://lh5.ggpht.com/WizardWatson/SNPbMrxvJgI/AAAAAAAAAQQ/RhT-8snyqW0/s400/freemarketblackhole_letemps.gif
Large Hadron Collider Allegory

LOL, nice. At least the black hole will have a floor to hit then our "fake market" with the unlimited monopoly monies they print and dump on our stranded dollar and bring that inflation ever so higher and artificially keeping stock and prices higher!!!

N13
10-08-2008, 09:50 AM
Its a controlled descent from 9,500 feet in the air.

Nice landing. "You may now move about the plane and disembark on your journey. Welcome to the New World Order."

moostraks
10-08-2008, 09:55 AM
-225.96

moostraks
10-08-2008, 09:57 AM
hmm...the humps are getting smaller...guess the ppt figures we can take the hit with very little civil unrest..MWhahaha!!!

How big was that unit they stationed stateside????

jbrace
10-08-2008, 10:10 AM
Oil down 3.26

Why is oil falling?

Scotso
10-08-2008, 10:11 AM
These people are so hopelessly inept. We're doomed.

ghengis86
10-08-2008, 10:14 AM
Oil down 3.26

Why is oil falling?

demand is falling and reserves are rising

http://money.cnn.com/2008/10/08/markets/oil/index.htm?postversion=2008100811

billjarrett
10-08-2008, 10:15 AM
Oil down 3.26

Why is oil falling?

Demand going down probably... Maybe companies being more careful with their fuel budget, people using cars for just commuting and not as much shopping, travelling, etc.. only thing I can think of.

ryanduff
10-08-2008, 10:51 AM
After dropping to opening levels around 9200, we're back up to 9400... PPT must be at work while people went to lunch! Up almost 200 points in 15 min...

ryanduff
10-08-2008, 10:54 AM
http://www.marketoracle.co.uk/images/2008/the-plunge-protection-team-ppt.jpg

acptulsa
10-08-2008, 10:58 AM
Oil down 3.26

Why is oil falling?

They finally fixed three of our seven remaining refineries after Hurricane Ike.

I'm not exaggerating all that much.

brandon
10-08-2008, 11:09 AM
Back up to even right now.... I still think all the US indexes will close down about 2%

ryanduff
10-08-2008, 01:04 PM
http://img243.imageshack.us/img243/7962/stocksev9.png

ihsv
10-08-2008, 01:45 PM
Wow... Dow just dropped 200 pts

max
10-08-2008, 01:47 PM
plunger aint workin like it used to...

billjarrett
10-08-2008, 01:52 PM
What happened at about 3:30 that made it dive like that? It's a really odd dive without some news attached.

surf
10-08-2008, 02:16 PM
What happened at about 3:30 that made it dive like that? It's a really odd dive without some news attached.

Paulson speaking....

ghengis86
10-08-2008, 02:18 PM
Paulson speaking....

seriously? i thought the DOW only tanked when Bernanke spoke. i guess when the guy who can buy anything at any price opens his mouth, wall street listens. go figure.

ghengis86
10-08-2008, 02:20 PM
Back up to even right now.... I still think all the US indexes will close down about 2%

uh, DOW closed -2.00% today...you got a wire on the PPT's phone or something?

CasualApathy
10-08-2008, 02:29 PM
http://img243.imageshack.us/img243/7962/stocksev9.png

lol :D

Thanx!

acptulsa
10-08-2008, 02:31 PM
Of the ten largest one day percentage corrections to happen to the Dow, the DAX, the Hang and the Nikkei, eight happened between October 16 and October 29 of the year in question.

ryanduff
10-08-2008, 02:37 PM
What happened at about 3:30 that made it dive like that? It's a really odd dive without some news attached.

It was the market correcting itself. The PPT tried to hold it up all day (see diagram in post #36), but as I've been preaching to the choir: it can only prop up the house of cards for so long.

Tomorrow will most likely be a bad day due to the short ban coming off tonight. I"m predicting an 800 point day tomorrow, and although the PPT will be hard at work to stop it, we will be in the 8000's by close Friday.

ghengis86
10-08-2008, 02:50 PM
It was the market correcting itself. The PPT tried to hold it up all day (see diagram in post #36), but as I've been preaching to the choir: it can only prop up the house of cards for so long.

Tomorrow will most likely be a bad day due to the short ban coming off tonight. I"m predicting an 800 point day tomorrow, and although the PPT will be hard at work to stop it, we will be in the 8000's by close Friday.

what about lehman's CDS's? somebody said they were coming due on the 9th and 10th, and some other CDS's in two weeks; any facts? opinions?

brandon
10-08-2008, 02:57 PM
uh, DOW closed -2.00% today...you got a wire on the PPT's phone or something?

haha, just lucky (or am i? ) :D

ohgodno
10-08-2008, 02:58 PM
As my first post, I thought I'd share this:
http://img220.imageshack.us/img220/9659/bernanke03cn6.jpg

angelatc
10-08-2008, 03:05 PM
Welcome!

ghengis86
10-08-2008, 04:03 PM
As my first post, I thought I'd share this:
http://img220.imageshack.us/img220/9659/bernanke03cn6.jpg

welcome to the forum.

now, in order to make your second post better than an already excellent first, add the word "epic" above fail and repost.

:D

Carole
10-08-2008, 04:48 PM
Just had a thought.

Is it possible that those naked short sellers are getting back at Bernanke and Paulson for being denied. Is this a new version of short selling since they are being denied?

Every time he injects liquidity into the market (?) they sell. (?) :D :eek: