Will this be Black Friday? - 10/10/08

reply to post by redhatty


Stock markets are open on Monday, normal trading day.

+153!

reply to post by redhatty


Up 150 points on the dow.

BTW, its going up for expectations from results from G7. That could be negative if nothing results.

reply to post by scaicoscracker

Thank you also for your link. This thread's moving as fast as the Dow numbers, so my apologies for not replying to you sooner.

Looks like around a 300-point reversal in the past -- errm -- 15 minutes. Like almost everything I'm wondering who on earth is doing the pushing and WHAT do they KNOW? (Not yelling, just emphasising.)

I think it's the news of the g7 thing that's driving it up.

I don't like it.
It's like when a plane goes higher than it's supposed to and then is forced back down to earth even faster.

I think it's setting itself up for something bad.
I hope I'm wrong though.

OMG UP 300 points. Its just bumping higher and higher.

This kind of expectation of the G7 could be very dangerous.

I do not understand what the hell is going on. By any standards this should be way down. What can this mean ? It's completly illogical....

god, up 300! this is the biggest rally i have seen in a very long time!

+297 !!!!!

Are these huge fluctuations we are seeing causing concern for anybody?

Could this be the Bush gang buying time until Monday?


Seems fishy to me.

At 3:36PM ET: 8,871.57 Up 292.38 (3.41%

WTF!!!!!

I smell a conspiracy theory

I don't get it. This is a massive spike. Perhaps the greatest spike ever in the market. That trend line is almost straight up! Whole thing smells funny.

What the hell kind of deal did these guys do?

I'm willing to bet the little guy will be taking the beating as a result.

OMG up 287 points!!!!! I literally lol'd when I refreshed the page and saw that.. only 20 minutes to go until trading is over.. if it goes up for another 5 mins it'll be hard for it to drop back to negative.

CNN

The five-member Financial Accounting Standards Board decided to provide some flexibility in applying "fair value" accounting where there is no market for a security - like the market for banks' mortgage-backed assets that has been dysfunctional for months.

While clarifying an existing rule, the board did not suspend the fair value rule as some had urged, however.

The board expects the new guidance to take effect Saturday.

This could explain the rally.
My previous good mood is now reversed. This makes it easier for banks to hide the extent of their debt.

This kind of flux is definately not normal. Something big is expected. That can only be expectations that the G7 will produce something BIG this weekend. I really fear for monday if the G7 cannt come to any agreement to act.

Whatever is happening and no matter who is doing it....SOMEONE is making some serious bank off of this!!!

reply to post by Trayen11

Your Nuttiness, where can we subscribe to Your daily newsletter?

And errrmmm...do you think that things will hold up on Monday? (If you have no idea just make something up. You've been right once already today, which is better than the experts on TV have been doing...)

Um.. it's bad enough when panic ensues because of a drop, there is no need to further panic when it rallies for cripes sake.

It's up... very good! Hope it stays there.

up down up down up down. I feel like a cat with a flashlight.

Going down again, this is insane. Hindenberg Omen. Not that we needed another one...