The "up-to-the-minute Market Data" thread

reply to post by nydsdan


I think today will tell how serious it is. Are we looking at a 2008-2009 double dip, where we can expect it to keep dropping down into the 6k-7k range? Or, was this just a short dip in response to the credit rating?

I think if today shows bargain shopping, and a flat day, or a slight increase, then we can relax a little on the doom and gloom until October. On the other hand, if today shows more losses, then we might be in for a long long ride down!

Today's closing will be very important.

Australia killing it in the market. What a rally. China's Possible inflation helps keep us out of the heat for a while...

DJIA: 11036.82 up 226.97 +2.10

FTSE: 5136.60 up 67.65 +1.33

Source


So is this the start of a new economic miracle?

reply to post by pause4thought


No. Only the end bell counts. This might just be day traders and autobots buying up some bargains, but the end of the day is what really counts.

It has already started trickling back down. Up 145 points as of right now.

reply to post by getreadyalready


I'm with you. (I couldn't find the 'irony' smilie.)

You could be forgiven for agreeing with a poster yesterday who said 'It will only crash when 'they' are ready. It really is so bizarre at the moment that the fluctuations defy rational explanation.

reply to post by pause4thought


All hail the PPT and QE3

FTSE 100 Makes Gains On Hopes Of 'QE3'
news.sky.com...

reply to post by burntheships


It might be coming. But a careful reading reveals:

[the Dow] ...opened 1% up as hopes abide that the Fed would announce monetary policy measures to help stem the bleeding among the markets but the body is expected to fall short of introducing a third round of quantitative easing to boost money supply.

Admittedly it is very unclear who is doing the hoping and whom 'is expected' refers to!

reply to post by pause4thought


Obama meeiting Geithner this afternoon. His only meeting of the day.

Bernanke speaking at 2:15 eastern time. Probably a QE3 announcement that will buoy the markets for another day or two, while they panic behind the scenes.

reply to post by pause4thought


Oh, yes that was just on the hopes, and again its not clear whos hoping
and whos waiting. Some game eh?


Goldman says its too soon.

www.washingtonpost.com...

The original QE



[atsimg]http://files.abovetopsecret.com/images/member/a8f0dd4572ad.jpg[/atsimg]




The QEII



[atsimg]http://files.abovetopsecret.com/images/member/3718c7290da5.jpg[/atsimg]




I hear the QEIII is strongly reminiscent of another well-known design



[atsimg]http://files.abovetopsecret.com/images/member/860fb1bb43ff.jpeg[/atsimg]

Only up 94 points now, and Bernanke should be speaking soon.

Originally posted by getreadyalready
Only up 94 points now, and Bernanke should be speaking soon.

No QE3... uh oh. Stock market might die today.

There it goes... just hit the red

JT

Not today. Its cheap stock buying now. Maybe tomorrow.

reply to post by wxguru


They're not cheap if they are still dropping!

Nope, I suspect a 2k drop by this Friday. We should be back down in the low 9000's, maybe worse!

ETA:
Still dropping like a rock!! Down 174 points at 2:42 p.m. That is from actually about 280 points since Bernanke's announcement!!

What the hell did he say? I am trying really had to connect to their stream but without success. Oh great. Now I can see the picture, but no sound. Bah.

"They" basically confirmed there IS no "backstop" at this point...
If you're watching the show,it's starting to become very manic and everyone is TRYING to find something GOOD to say but all sound like blathering fools.
Anyone who's stayed on top of the realities and not bought the hype knew this was almost inevitable...

reply to post by getreadyalready

Only the end bell counts.

It's not looking promising -


[atsimg]http://files.abovetopsecret.com/images/member/6ed88841dd22.png[/atsimg]

Source

Hey people, I have not been around for a while but I have been observing the markets lately, I have to say that this is like a repeat of the before the big crash two-three years ago.

Remember that money was been funneled to the markets overnight to keep the markets afloat, remember that one day will sink and the next will pull over.

Then the big bailouts came to the table in congress after the "big donors or whatever they were" got tired of losing their investments.

Then the big crash came to be.

I got the feeling that we are having the same process again, but while the Q3 will not allow for more treasury printing, the bailouts are already been put on the table in congress by the fed.

Yes, we can not have anymore too big to fail have their loses again.

Let see what will happen next, Obama wants more taxes, congress wants more cuts, still he doesn't think that downgrading our credit rating mean much, I think is nothing but crap how the credit rating works and who makes the decisions.

But then again I am nothing more than an aficionado.

reply to post by marg6043


Hi marg.

There's no denying it has the appearance of artificial support of some kind. PPT?..


[atsimg]http://files.abovetopsecret.com/images/member/d7893101f54f.png[/atsimg]

Source


What you say makes a lot of sense. What are the chances they're just sitting there watching in disbelief?!