Market down 450+ pts

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  • Double Eights
    Banned
    • Nov 2005
    • 5733

    #106
    Re: Market down 450+ pts

    See, you know the way a bailout works? Here's the way a bailout works. A failed president and a failed Congress invest $700 billion of your money in failed businesses. Believe me, this can't fail.
    - Jay Leno

    Comment

    • Cebby
      Banned
      • Apr 2005
      • 22327

      #107
      Re: Market down 450+ pts

      Dow up 370 so far and dollar up another cent and a half. Of course oil is up $4.

      News of the great depression 2 may have been a bit exaggerated.

      Comment

      • fistofrage
        Hall Of Fame
        • Aug 2002
        • 13682

        #108
        Re: Market down 450+ pts

        Originally posted by Cebby
        Dow up 370 so far and dollar up another cent and a half. Of course oil is up $4.

        News of the great depression 2 may have been a bit exaggerated.
        See what happens tomorrow, the market typically will bounce back some the day after a huge loss.
        Chalepa Ta Kala.....

        Comment

        • stewaat

          #109
          Re: Market down 450+ pts

          Originally posted by fistofrage
          See what happens tomorrow, the market typically will bounce back some the day after a huge loss.
          Yesterday was just a huge freak out. We need some resolution to this problem, whatever it is.

          Comment

          • BTB
            Th*s **n't s** w*rld
            • Mar 2003
            • 3520

            #110
            Re: Market down 450+ pts

            Originally posted by stewaat
            It's more of a created panic or hype. Yesterday was obviously panic and if I had more free money in my account I would've bought all the financial stock I could've and then sold on the gap up this morning.

            Panic = oversold
            Hype = overbought

            They'll correct themselves early the next day, usually.
            I did that


            Anyway, to those that would do this bailout from the bottom up and bail out the homeowners:

            the problem with that is that you wont get any return in the future. If we loan the money to companies we will get the money back eventually. Look at what happened in the 70's with Chrysler. Same exact thing, and in the end the government ended up coming out on top.

            The dynasty will return


            Paul Pierce... talent + heart + toughness = The Truth

            Comment

            • superjames1992
              Hall Of Fame
              • Jun 2007
              • 31382

              #111
              Re: Market down 450+ pts

              I think we should note that the "rescue" bill would have made the Treasury Secretary (Henry Paulson) greatly more powerful. Of course he wants it to pass because he wants power.

              And the DOW is up at ton, the NASDAQ is up, and the S&P is up as well. Last night's futures were correct.

              And the US dollar is up nearly three cents when compared to the Euro and the Pound, so you just became a little more richer today!
              Coaching Legacy of James Frizzell (CH 2K8)
              Yale Bulldogs (NCAA Football 07)
              Coaching Legacy of Lee Williamson (CH 2K8)

              Comment

              • fistofrage
                Hall Of Fame
                • Aug 2002
                • 13682

                #112
                Re: Market down 450+ pts

                Check the Libor rate. That went up about 4 points.

                Thats huge, that means that the average US company with any revolving debt just saw their interest expense sky rocket. That could have some huge implications. I would expect the stock market to drop a few hundred points tomorrow unless this rate goes down. Its crazy that it would jump 4 points.
                Chalepa Ta Kala.....

                Comment

                • Double Eights
                  Banned
                  • Nov 2005
                  • 5733

                  #113
                  Re: Market down 450+ pts

                  Well, it appears the Federal Reserve went ahead with their own bailout.

                  Federal Reserve prints $630 Billion and pumps it into the Stock Market.

                  The dollar just got weaker, and the problem that much worse. The affects may not be appear today or tomorrow, but they soon will. You can't create $630 billion out of thin air, with no backing, and come out on top.

                  Comment

                  • Stumbleweed
                    Livin' the dream
                    • Oct 2006
                    • 6279

                    #114
                    Re: Market down 450+ pts

                    Idiots. Unbelieveable. "Let's just print more money when the dollar is already in the crapper!"
                    Send your Midnight Release weirdo pics/videos to my new website: http://www.peopleofmidnightreleases.com!

                    Comment

                    • elicoleman
                      Im The Baby/Gotta Love Me
                      • Sep 2002
                      • 34655

                      #115
                      Re: Market down 450+ pts

                      /sigh
                      Originally posted by CardsFan27
                      This is the 3rd time John Calipari has been to his first Final Four!
                      What I'm Currently Listening To

                      Comment

                      • superjames1992
                        Hall Of Fame
                        • Jun 2007
                        • 31382

                        #116
                        Re: Market down 450+ pts

                        Originally posted by Double Eights
                        Well, it appears the Federal Reserve went ahead with their own bailout.

                        Federal Reserve prints $630 Billion and pumps it into the Stock Market.

                        The dollar just got weaker, and the problem that much worse. The affects may not be appear today or tomorrow, but they soon will. You can't create $630 billion out of thin air, with no backing, and come out on top.
                        Lovely...

                        Too bad we still aren't on the gold standard so all our money was backed up by gold.

                        Thank the Fed for making you poorer through inflation!!!
                        Coaching Legacy of James Frizzell (CH 2K8)
                        Yale Bulldogs (NCAA Football 07)
                        Coaching Legacy of Lee Williamson (CH 2K8)

                        Comment

                        • fistofrage
                          Hall Of Fame
                          • Aug 2002
                          • 13682

                          #117
                          Re: Market down 450+ pts

                          They aren't printing money. This money already existed, they are just making it available. Same as you taking $10 out of you savings account and loaning to your loser friend. You might not get it back, but you didn't print it out of thin air either.
                          Chalepa Ta Kala.....

                          Comment

                          • callmetaternuts
                            All Star
                            • Jul 2004
                            • 7045

                            #118
                            Re: Market down 450+ pts

                            A resolution is coming, but they are trying to make sure its structured correctly.

                            The market will continue to be volatile until this is hashed out and the main feeling is that of being calm. Then the hedge funds can go back to manipulating the market.
                            Check out my Tampa Bay Buccaneers CFM Thread.

                            You too can be a 5* recruit at FSU.......

                            Originally posted by TwelveozPlaya21
                            add worthless Xavier Lee to that list..
                            Originally posted by MassNole
                            CFL here he comes. Pfft, wait that would require learning a playbook. McDonalds here he comes.

                            Comment

                            • yamabushi
                              MVP
                              • Feb 2006
                              • 1265

                              #119
                              Re: Market down 450+ pts

                              The Sky is Falling! The Sky is Falling!!

                              Does anyone really want the same type of people that run the IRS, FCC, CIA, and DMV to run the banking industry?





                              didnt think so.
                              Originally posted by Alexis de Tocqueville
                              The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money.

                              Comment

                              • fistofrage
                                Hall Of Fame
                                • Aug 2002
                                • 13682

                                #120
                                Re: Market down 450+ pts

                                WAMU ex-CEO made $19 million for 3 weeks of "work" in this whole fiasco. He was hired 3 weeks ago with a 7.5 million signing bonus and a 11.5 million severance package. He made $44 per second while he was there.

                                This is the problem with the bailout, our tax $ are in this clown's pockets.
                                Chalepa Ta Kala.....

                                Comment

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