Originally posted by tide88
However any wy you look at it the dow rising 900+ points was good. There is nothing bad with a little optimism. This board can definatly use it.

tide88, I'm sorry, but a 900pt gain on the DJIA yesterday was the furthest thing from "good." It's just as bad as a 700pt one day drop. It's a sign of a sick market and a sick economy. It shows that the market is NOT stable and WILL NOT be stable for a while yet. Nine days of 100pt gains would have been a good sign, but 900pts in 1 day at current levels is ugly.

I said this elsewhere too: think for a moment how much the financial landscape and policies of the United States (and the World) has changed in a Month's time. The market is not just sick, its crazy, unable to comprehend the new financial world order in such a short time.

I like to relate it to a roller coaster ride in the dark. You just don't know where it is going next.. Really bad for the neck to.

If anyone does not think this is being manipulated by extra-market forces you must be crazy:




[edit on 14-10-2008 by Mainer]

[edit on 14-10-2008 by Mainer]

Originally posted by Mainer
If anyone does not think this is being manipulated by extra-market forces you must be crazy:

[edit on 14-10-2008 by Mainer]

[edit on 14-10-2008 by Mainer]

Thats normal, nothing to see there.

It has just been jumping all over the place today, it is craziness.

Dead cat bounce..

The global financial system WILL collapse completely despite the best attempts to prevent it happening..

Heres what will happen:

1. ALL debt will be completely wiped
2. Everyone will be given an amount of money to start again (for some this will be a windfall, for others it will be a pittance compared to what they have now)

Yeah, not surprised at all. Seems people realized that wait, the stocks market fell for a reason....Oh.. Yeah we were panicking. Yeah the market was up 11% yesterday without much news that wasn't already known.

But Nasdaq Is getting a beat down. Almost down more points than the DOW! haha

Nasdaq is down 65 right now! compared to he dow that is down 76. but thats to be expected today with the bail out plan being implemented. Its boosting the finance stocks and the rest of the market is still hanging out the window.

today would have been worse but the government came out and started talkin about implementing the bail out plan to preserve the major rally yesterday. Pretty good timing i would say!

But another odd, very intense day.

But i think we have a struggle still before we get back the the light at the end of the cave. All yesterday was, was going...OH thank god, im not lost i remember seing this on my way in, im going the right direction,

I'd like to attract people's attention to what happened in europe today. Every sector was up, EXEPT the financial sector, which was way way down. This clearly points out that no-one has bought the rescue package, which in turn means that the EU is now powerless in the face of the crisis.
My uptake on it anyway...

People got so excited yesterday because they thought the worst was over. I don't understand how anyone could think that just because one day we were up when the entire week before Wall Street was flat lining. And THAT is why I don't invest in stocks.. that and I'm broke.

Originally posted by KaginD
People got so excited yesterday because they thought the worst was over.

Well, that may be a part of it....

there is also the fact that in the last week...more than $65Billion
was redeemed from retirement funds/401k/IRAs

the major downturn was generated because of the requirement that the accounts requesting redemptions need to be sold ~at any price !
~


panic is developing----> & should continue to increase as the volitility continues (in an uncertain market)

Zen out ! is the correct action...

[edit on 14-10-2008 by tide88]

This is a post I made on Oct 2nd. :

DIGG ATS

for original
content
more infoA different view on the recent market turns

Throughout the weekend of 09/27, we were bombarded with news stories that Pelosi was all but guaranteeing the passage of the horrendous bailout package. On Monday, as the votes were being cast, it appeared the bill might actually pass. The DOW dropped 777 pts. On Tuesday, with everyone knowing Congress was taking a holiday, and not doing anything, the DOW increased over 300 pt. On Wednesday the Senate announced their intention to pass a similar bill. The DOW dropped again, as it did on Thursday, with the passage of the bill.

It is painfully obvious to me that the markets agree, we are all much better off when Congress does nothing!

...

I know next to nothing about trading stocks, but, I am able to recognize trends. Monday, 10/13 was Columbus Day, a Federal holiday. A day when Congress and the Government are known to do nothing. The DOW jumps 900 pts???? Tuesday, 10/14, Bush and Paulson announce more plans. The DOW closes down????

For what it's worth.

Australian and Asian markets down too,maybe they will lower interest rates
seriously folks, there is just no confidence right now.



[edit on 14-10-2008 by all2human]

JPMorgan and Wells Fargo are releasing earnings reports before opening bell tomorrow (Wednesday), along with some airlines and tech companies. It could prove to be an interesting day.