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French Bank freezes US funds;Stocks Plunge on Rising Credit Anxiety

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posted on Aug, 16 2007 @ 12:43 PM
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Justin,
I haven't been listening to those guys but what you are saying is exactly what I would expect each of them to do in this situation. The right wing trying to blame it on the left or MSM "nothing to see here the economies great we're winning the war, move along", and the left talking about those "mean old capitalist scum" let us save you from it with socialism.

The street always hedges its bets and especially in politics. I don't think ideology has much to do with it, they want to invest in a winner.I think Buffet has held fundraisers for Hillary and Obama. I can't imagine any of the firebrands on the right being happy about the amount of the Streets money flowing into Democratic coffers right now.

[edit on 16-8-2007 by jefwane]




posted on Aug, 16 2007 @ 01:20 PM
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I hope noone thinks that the Fed $ is going into the general equities markets. Pretty clear that $ is trying to leave the markets...and doing a pretty good job of it I might add
The $ is earmarked for the credit markets which continue to deteriorate. WalMart just failed to reach their earnings target and confirmed that consumer spending is down. Jobless numbers are up, and even CNBC is beginning to whisper 'slowing economy'. Throw in trillions in over-leveraged credit derivatives and we have the perfect economic storm. Just two days ago Wall St. front-men on financial TV were still spinning-up a storm. Maria Bartiromo & Larry Kudlow have to be the most egregious offenders. If anybody believes that these insiders didn't know this was coming, and positioned their personal wealth accordingly...then I've got a bundle of CDO's I'd like to sell you


According to the chart, the DJIA should get a dab of support at 12,400, then at 12,200...but it won't find any real friends until 12,000. After that first strong support is 10,700. Technically the chart could reverse at any one of the zones if the underlying fundamentals support it.....Bill Gates decides to buy the whole world...Wonder Woman & Captain America show-up and make it all go away...it starts raining money...Ben Bernanke resigns....stuff like that


Edit: SP


[edit on 16-8-2007 by OBE1]



posted on Aug, 16 2007 @ 02:24 PM
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This market is starting to look like a heroine addict. No Fed injections, and the Dow looks like it's out of control. Stocks dive like a Stuka bomber! A litle $$$ injection, and things get way better. But for how long? But we now how it looks in the end. Devastated!

An remember, $$$ injected are only paper. FIAT currency.



posted on Aug, 16 2007 @ 03:01 PM
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Wow. Damn. What a rebound. Looks like it has hit the green (black) again. What a day! I don't even trade stocks and i am exhausted! Down 340 points and jumped back up.



posted on Aug, 16 2007 @ 03:04 PM
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Originally posted by netscape

If economy is doing good then why dollar is getting weak? Can someone please explain me how value of US $ and stock market are related if they in anyway.


Hi netscape. I think I can give you a simplistic answer. Basically, the dollar is weak because there are so many of them in circulation. The stock markets prosper most when an economy prospers. Interest rates can be lowered when economies slow in order to spur business, create jobs, increase consumer spending, and insure the all important flow of corporate & personal tax revenues. Lower interest rates increase the demand for loans (cheap money). This new money enters the system and further increases the amount of dollars in circulation. Supply demand dynamics take over...more dollars chasing the same amount of goods & services. Inflation rears it's head as prices escalate.

There are other complexities that influence this balance (increased productivity, Fed bond purchases, global interest rates and so on) but I better quit while I'm ahead...my less than perfect & somewhat feeble attempt...hope it helps


St. Udio...excellent points...you give good mumbo jumbo...Thanks


Justin...politicians, well...being politicians. Humanity's most prolific and shameless opportunists. I'm just glad that at least they're paying attention. Finger pointing aside, if they can help move the issues we discuss in this thread to the forefront of mainstream awareness where they belong...I'm up for it


I see the market just turned positive...this is the wild volitility that may be with us for awhile.



posted on Aug, 16 2007 @ 03:04 PM
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I am not a big market fan since the Clinton administration when my husband and I did very well, those were the days . . .

But for some reason I could not stop looking at the littler numbers going up and down on the side of the TV while watching the news.



posted on Aug, 16 2007 @ 03:06 PM
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Do you think its an artificial boost to give confidence to the other markets tomorrow.

If it ended badly today, tomorrow would of been bad elsewhere, also. But somehow they seemed to pulled it together at the last today, probably artificial, but confidence is so important.



posted on Aug, 16 2007 @ 03:09 PM
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Originally posted by andy1033
Do you think its an artificial boost to give confidence to the other markets tomorrow.



The boost came from the transfusion that the fed did last night. But will it hold? that is the question.

Funny that our government keeps telling us that our economy is good but then where is the money? and why people are losing their homes.



posted on Aug, 16 2007 @ 03:16 PM
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Definitely a company job...PPT written all over it...but they're good!

**I'm just posting so I can get those three 6's off my ATS point total...then I'll go away for awhile...promise




[edit on 16-8-2007 by OBE1]



posted on Aug, 16 2007 @ 03:55 PM
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Wow! I left the house at around 3:00PM EST to run an errand. I just got back in and checked the market. What an amazing turn around. I knew there was big money waiting on some bargain shopping but this has PPT written all over it to me.



posted on Aug, 16 2007 @ 04:02 PM
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Originally posted by jefwane
Wow! I left the house at around 3:00PM EST to run an errand. I just got back in and checked the market. What an amazing turn around. I knew there was big money waiting on some bargain shopping but this has PPT written all over it to me.


Doesw anyone know if normal trading can make such a swing in trading. Or is this definately the ppt, making sure the market keeps confidence.

Could the market by it self, do such a move in such a short time, has it happened before, but i assume the ppt, would not say if they did it anyway.

And a for instance for you. Just how much money would it take for them to buy stocks to make the swing back up, that quick. How much can anyone guess this costs to do, in todays market where the dow was 340 points down. Does anyone actually know anything more about the ppt, or is it confidentiual.

Anyone here that watched the stocks at the dow etcc... could see that it was falling at an alarming rate, after europe too.

[edit on 8/16/2007 by andy1033]



posted on Aug, 16 2007 @ 04:12 PM
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Pretty flat in the States, not surprised.

Many sold at the start and picked up a few nicely priced stocks at the end. Have to remember, US are the last markets to close so stocks will only dive if someone comes out and spooks them.

Asia opens up soon. Hopefully it doesn't fall again.



``There are rumors around that there is rescue financing coming in for some of the financials, particularly for Bear Stearns,'' Barton Biggs, a former Morgan Stanley strategist who now runs the $1.5 billion hedge fund Traxis Partners LLC, said in an interview.


Please visit the link provided for the complete story.


seems the market got a bit of good news to spark a rally at the end.

[edit on 16-8-2007 by infinite]



posted on Aug, 16 2007 @ 04:13 PM
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infinite- do you wreckon the ppt were involved?



posted on Aug, 16 2007 @ 04:18 PM
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Originally posted by andy1033
infinite- do you wreckon the ppt were involved?


ppt as in Plunge Protection Team?

Could be? I don't know really.



posted on Aug, 16 2007 @ 04:18 PM
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reply to post by infinite
 


Hmm. I checked the stocks in the morning, - 164 .. was not surprised after watching the Asian and Euro stocks..

Checked it early afternoon via my cellphone access to Wallstreet Journal .. -300 something..

Checked it when I got home...... -15?

I look at those charts




And can be assured that it was not just normal trading. Unless your telling me that with all the bad news, global sell offs and a noon -300 everyone decided to dump what they had into buying MORE stocks? I could see maybe a turn from -340 to -100 ish .. just looks like the Fed panicked or something and used the PPT to stabilize the markets..


The last thing this president needs with a 20% approval rating, unpopular war and being a Lame Duck President is a crashing economy.. in fact the economy (as far as corporations and the Stocks go) have been the only GOOD thing about his presidency.


[edit on 8/16/2007 by Rockpuck]



posted on Aug, 16 2007 @ 04:21 PM
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Originally posted by infinite

Originally posted by andy1033
infinite- do you wreckon the ppt were involved?


ppt as in Plunge Protection Team?

Could be? I don't know really.


I assume by the way uou talk, your into alot of this market stuff. Just wondered if you thought the market could come back on its own, or would what happened today be the ppt. But you gave your answer that you do not know, and i respect that, was just wondering how you felt on it.

Why i was asking is that they would only come in if its really bad, would they not.



posted on Aug, 16 2007 @ 04:22 PM
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Originally posted by Rockpuck
And can be assured that it was not just normal trading. Unless your telling me that with all the bad news, global sell offs and a noon -300 everyone decided to dump what they had into buying MORE stocks? I could see maybe a turn from -340 to -100 ish .. just looks like the Fed panicked or something and used the PPT to stabilize the markets.


14 out of 30 stocks were higher.

Whatever caused a rally, just resulted in a flat finish. No change. Investors in Asia and Europe won't take no confidence from this.

But it is really strange.

I've checked the wires and there wasn't REALLY any positive news out.



posted on Aug, 16 2007 @ 04:22 PM
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I have a quesiton. Last week, the Fed kicked in 38 Billion to stabilize the markets, how much ahe they kicked in this week? I know it was 17 Billion today, but I need figures for the week. Can anyone help?



posted on Aug, 16 2007 @ 04:25 PM
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Originally posted by Justin Oldham
I have a quesiton. Last week, the Fed kicked in 38 Billion to stabilize the markets, how much ahe they kicked in this week? I know it was 17 Billion today, but I need figures for the week. Can anyone help?


I just wonder if the ppt came in today, just how much would get the market back from the brink, like it was going today. Is the ppt part of the fed, or just the government, as we know the fed is outside the government and run by the bankers.



posted on Aug, 16 2007 @ 04:25 PM
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Originally posted by andy1033
I assume by the way uou talk, your into alot of this market stuff. Just wondered if you thought the market could come back on its own, or would what happened today be the ppt. But you gave your answer that you do not know, and i respect that, was just wondering how you felt on it.


The thing is this.

Why stop a market plunge? It's like holding the flood waters back.

What if the same thing happens tomorrow?



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