DOW thread for the day

[ghengis86]

DOW opened today and reached a high of about +150; its now around -100.

Since the close of Oct. 2nd, before the bailout was passed, to the close yesterday, the DOW has lost 1,224.75 or ~11.68%. Although not enough to make the top ten lists of market crashes/corrections, we could quickly be approaching that list.

[Bruno]

It has dropped 5000 points from its high over 14,000 within the past year.

[ghengis86]

It has dropped 5000 points from its high over 14,000 within the past year.

The week ending Oct. 8th, 2007 (14,093.08) to yesterday Oct. 8, 2008 (9,258.10):
-4834.98pts
-34.31%

wow...

[Aratus]

http://money.cnn.com/data/markets/dow/

[JaylieWoW]

http://money.cnn.com/data/markets/dow/

PPT anyone?

[tremendoustie]

I'm not saying the PPT doesn't exist, but I think we may be assigning a little too much significance to every blip and bloop. There are reasons other than the PPT that people buy stocks, and without the "PPT" the market would not be zero. People who study these things intensely cannot predict when and what kind of moves will happen, so it might be a bit unrealistic to be completely confident that certain moves could only happen artificially, and to attribute them to the PPT.

[ValidusCustodiae]

suze orman is so annoying

[shuffleproshaq]

What is PPT?

[Aratus]

this week has had over a 500 point drop each day the market has been open
and both monday and wednesday had an afternoon rally. tuesday had a total
flat out drop. we might see a bottom today manifest or we may again see a very
jittery skittish market. can i opinion on about herbert hoover and his venerable
old age, for when he dies at 90 he sees a market at 1000... and it was at 40 once...

[Bruno]

What is PPT?

http://en.wikipedia.org/wiki/Executive_Order_12631

Plunge Protection Team
"Plunge Protection Team" was originally the headline for an article in The Washington Post on February 23, 1997,[2] and has since become a colloquial term used by some mainstream publications to refer to the Working Group.[3][4] Initially, the term was used to express the opinion that the Working Group was being used to prop up the markets during downturns.[5][6] Financial writers for British newspapers The Observer and The Daily Telegraph, along with U.S. Congressman Ron Paul and writers Kevin Phillips (who claims “no personal firsthand knowledge” and is “not interested in becoming a conspiracy investigator”) [7] and John Crudele,[8] have charged the Working Group with going beyond their legal mandate. Claims about the Working Group generally include that it is an orchestrated mechanism that attempts to manipulate U.S. stock markets in the event of a market crash by using government funds to buy stocks, or other instruments such as stock index futures—acts which are forbidden by law. However, these articles usually refer to the Working Group using moral suasion to attempt to convince banks to buy stock index futures. [9]

Former Federal Reserve Board member Robert Heller, in the Wall Street Journal, opined that "Instead of flooding the entire economy with liquidity, and thereby increasing the danger of inflation, the Fed could support the stock market directly by buying market averages in the futures market, thereby stabilizing the market as a whole." His statement has been used to claim that the Fed actually did act in that way. Mainstream analysts call those claims a conspiracy theory, explaining that such claims are simplistic and unworkable.[10][11]

[ryanduff]

What happened to cause the drop around 10AM? Did Bernanke or Paulson speak again? I think PPT took the day off...

[JoshLowry]

Link that I like to watch it at: http://finance.google.com/finance?q=INDEXDJX:.DJI

[JaylieWoW]

I'm not saying the PPT doesn't exist, but I think we may be assigning a little too much significance to every blip and bloop. There are reasons other than the PPT that people buy stocks, and without the "PPT" the market would not be zero. People who study these things intensely cannot predict when and what kind of moves will happen, so it might be a bit unrealistic to be completely confident that certain moves could only happen artificially, and to attribute them to the PPT.

Absolutely... I was kidding!

Warren Buffet is having a field day I'm sure!

[parke]

HOLY SHIT!!

Dow 8,959.98 -298.12 (-3.22%)
Nasdaq 1,694.98 -45.35 (-2.61%)
S&P 500 946.51 -38.43 (-3.90%)

[ShowMeLiberty]

HOLY SHIT!!

Dow 8,959.98 -298.12 (-3.22%)
Nasdaq 1,694.98 -45.35 (-2.61%)
S&P 500 946.51 -38.43 (-3.90%)

My thoughts exactly!

Damn, I predicted down about 300 today in our poll yesterday, but I thought I was going to be way wrong. :eek:

[Original_Intent]

Gu on CNBC they put up a quote that Prez Bush was "confident in the long term outlook for the U.S economy". DOW dropped 30 points within 15 seconds. :rolleyes:

[JenH88]

My thoughts exactly!

Damn, I predicted down about 300 today in our poll yesterday, but I thought I was going to be way wrong. :eek:

I voted -300 as well.. thought I'd be wrong and it would end up maybe +200... we'll see if there's a rally at the end of the trading day..

[ghengis86]

-348!!!

Holy shit!

[JohnJay]

DJIA at -334.36 at 8923.74

[ghengis86]

Dow-370.92-4.01%
8,887.18
nasdaq-51.10-2.94%
1,689.23
s&p 500-44.24-4.49%
940.70

[kirkblitz]

http://www.longmeadowfire.com/images/calls/september2003/Building%20Fire%20Fra.Co.2%20old%20Rt.16%20In%20Pa .%2010.12.03%2016.JPG

[sidster]

^^^ burn baby burn! :D




Dow 8,866.16 -391.94 (-4.23%)
Nasdaq 1,687.46 -52.87 (-3.04%)
S&P 500 936.48 -48.46 (-4.92%)

10y bond 3.80% +0.06 (1.60%)

USD-Euro 0.7321 -0.0029 (-0.39%)
USD-Yen 100.5400 +1.2300 (1.24%)
USD-GBP 0.5815 +0.0019 (0.33%)

[tpreitzel]

In historical terms, the DJIA is way, WAY overbought still. How low will it go? We'll just have to see. Either way, Wall Street's mess has unfortunately become our mess, i.e. pretext for fascism and enslavement. Hmmmmm. Didn't the Bible have something to say about this unholy marriage of state and money? :) Honestly, the writing is on the wall in big, bold letters.



It's belly up. Rub a Dub, Dud


P.S. I'm an optimist so we might yet find continued mercy as we strive to right the capsized ship of state.

[kirkblitz]

-390

[Vet_from_cali]

8810????

jeez, when was the last time it was at this level?

[kirkblitz]

-444

[ghengis86]

Dow-436.31-4.71%
8,821.79
nasdaq-61.46-3.53%
1,678.87
s&p 500-54.81-5.56%
930.13

[max]

In historical terms, the DJIA is way, WAY overbought still. How low will it go? We'll just have to see. Either way, Wall Street's mess has unfortunately become our mess, i.e. pretext for fascism and enslavement. Hmmmmm. Didn't the Bible have something to say about this unholy marriage of state and money? :) Honestly, the writing is on the wall in big, bold letters.



It's belly up. Rub a Dub, Dud

Peter Schiff once said gold and the dow will eventually meet at 5000 ....he's not looking too crazy anymore

[kirkblitz]

8810????

Jeez, when was the last time it was at this level?

03/02

[JohnJay]

DJIA is -473.26 at 8784.84

[LiveToWin]

FINNALLY! On CNBC they just FINNALLY acknowledged that this is a market crash.

Down -533 and going down fast.

[tpreitzel]

Peter Schiff once said gold and the dow will eventually meet at 5000 ....he's not looking too crazy anymore

I just hope that the dollar and our freedom remains intact through this period of financial turmoil.

[LiveToWin]

-572 a few seconds after my last post.

[RoyalShock]

-582 into the 8600s.

[JohnJay]

DJIA is -592.74 at 8665.36

[LiveToWin]

-633

[polomertz]

Wow it's falling fast.

[gjvrieze]

.....................

[JenH88]

WOW..

CNBC is finally calling this a crash?!

Btw, Livetowin, if your sn is in reference to the P.S. album- awesome name.

[JohnJay]

DJIA is -628.50 at 8629.60

[max]

How's that 700 Billion bailout working out for ya?

[polomertz]

Look at gold during all this.

http://www.kitco.com/charts/livegold.html

[RoyalShock]

GM is down 27.5%.

[JohnJay]

DJIA is -653.59 at 8604.51

[ronpaulhawaii]

http://finance.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chdet=1223582400000&chddm=1173&q=INDEXDJX:.DJI&ntsp=0http://finance.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chdet=1223582400000&chddm=1173&q=INDEXDJX:.DJI&ntsp=0


http://i209.photobucket.com/albums/bb19/mkauai/bushromefiddle-1.jpg

[LiveToWin]

WOW..

CNBC is finally calling this a crash?!

Btw, Livetowin, if your sn is in reference to the P.S. album- awesome name.


Yep, Paul Stanley - Live To Win. Thats where I got the name :D

http://www.youtube.com/watch?v=_OvpzForHyU

[kirkblitz]

http://icanhascheezburger.files.wordpress.com/2008/02/funny-pictures-kitten-attacks-older-cat.jpg

[kirkblitz]

Ppt here to save us!!!!!!!!!

[max]

Here come the plunge protectors!...so friggin predictable

[Miles Dunn]

Those that control the manipulation laugh in glee.

[JohnJay]

Here come the plunge protectors!

Yeah some buying back -
tomorrow's another day.

[tpreitzel]

Those that control the manipulation laugh in glee.

Right on the money. We, the people, are fools for allowing it.

[JohnJay]

That kind of volatility in this last hour is NOT a good signal.

[JenH88]

Yep, Paul Stanley - Live To Win. Thats where I got the name :D

http://www.youtube.com/watch?v=_OvpzForHyU

LOL. awesome. Been a KISS fan since I snuck into my Dad's vhs collection at 3 and got addicted to KISS meets the phantom. LOL. Been my fav. band since- LOL.. Paul's the best. Anyways, keep rockin' and god speed man. :D

[ghengis86]

Right on the money. We, the people, are fools for allowing it.

hey, i haven't allowed shit! but you're correct in the generalizatio of the US pop.

[gjvrieze]

...............

[ohgodno]

We're already in a crash, the DOW has lost about 2000 points so far in Oct.

It's going a lot lower too.... that is until Nancy Pelosi gets her stimulus passed (hahahaha!).

[erin moore]

"GM shares getting absolutely pounded today. Breaking $5 as investors question the company's future. To put this into perspective, the last time General Motors shares were this low, back in 1950. That was when a new car sold for just $3000 and gas was just $0.20/ gallon."

CNBC

[JenH88]

-678 holy sh*t

[JohnJay]

DJIA and S&P 500 both losing over 7 % today :

DJIA -678.91 is at 8579.19

[enjerth]

DJIA and S&P 500 both losing over 7 % today :

DJIA -678.91 is at 8579.19

It sounds better(not really) when you put it into perspective of where we were about a year ago, the all-time high of 14,093. The Dow is down 39% from October 12, 2007.

[CoreyBowen999]

God this sucks for my family...

[thrillhouse]

Reminds me of the song - "now I'm freeeee, freeeee fallin!" I think thats tom Petty right?

[torchbearer]

The dow is down 40% from its all time high.

[bluemarkets]

50% retrace will get a bounce ... IMHO

[RoyalShock]

Reminds me of the song - "now I'm freeeee, freeeee fallin!" I think thats tom Petty right?

I've always hated that song.

[kirkblitz]

thats what the stock brokers sing when they jump out of their windows lol

[HOLLYWOOD]

The dow is down 40% from its all time high.

EXACTLY ONE YEAR LATER from the ALL time high!

Imagine... down 40% in one year!

Amazing, Starling!


CRASH!


MORE GLOOM to FOLLOW...

After the market closed:

AN ADDITIONAL 1/4 of a BILLION SELL SHARES where counted!!!

Oh tomorrow is going to be a COLON CLEANSING Day on Wall st!

Too bad it couldn't include all those destructive and worthless Politicians in Washington DC.

[nobody's_hero]

MIght as well bump this for 10/13/08.

[acptulsa]

Columbus Day!

Columbus sailed the ocean blue
Will the NASDAQ stay above 1492?

[jbrace]

Markets are up 580 pts so far.. oil up almost $3 and gold down 24.. Anyone seeing a crash later?