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

Dow dives over 200 points in last 5 minutes!!!!.

Does anyonew find this odd? After an entire day of "light" trading it dove like mad in the last 5 minutes. I have been watching the markets for some time and I am finding todays entire market reporting worldwide to be very weird to say the least. They repeatedly kept trying to seperate this market from any markets in the past and more than 2 dozen times kept saying "no one knows" " this is like nothing from the past" " its a whole new market" If anyone tried to tie any of the action in with past markets they were straight up attacked by the reporters! I heard it so many times I had to turn off the tv till just now. To watch the last 10 minutes

Originally posted by xoxo stacie
Dow dives over 200 points in last 5 minutes!!!!.

Does anyonew find this odd? After an entire day of "light" trading it dove like mad in the last 5 minutes. I have been watching the markets for some time and I am finding todays entire market reporting worldwide to be very weird to say the least.

there might be the explaination that Fund Managers... although 'trading' throughout the day...found that the 'Redemptions' far outweighed whatever their cash reserves....
as a result, and to comply with the law & the rules... the Fund Managers had to enter the 'Sell At Any Price' mode.

and we've seen the result which is a sudden 200+ point drop from the previously normal activity & price window of stocks


which brings up this scenario...
-> there are a bunch of vulture traders out there which have discerned the Fund-Managers problem...
and they are circling all day long...waiting for the mini-capitulation by the Fund-Managers to 'sell-at-any-price', and knowing they will get their rewards !!!

[edit on 27-10-2008 by St Udio]

Originally posted by xoxo stacie
Dow dives over 200 points in last 5 minutes!!!!.

You must have been looking at a wrong chart. The Dow gained a bit in the last 5 minutes. But it lost about 250 points in the last half hour. It peaked at about 1:40 and then it headed downward losing some 400 points.

reply to post by stander


Not sure why we are discussing this part, but the Dow tanked 200 points or so in the final five minutes of trading.

Originally posted by MOFreemason
reply to post by stander

 

Not sure why we are discussing this part, but the Dow tanked 200 points or so in the final five minutes of trading.

Show me.



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Can anybody explain the huge increase in stock markets across the globe today?

money.cnn.com...

Asia Pacific & Australia
Index Change %Change Level Last Update *

Australia ASX 100 -2.80 -0.09% 3,134.80 10/28 4:47pm
Australia ASX All Ords -12.90 -0.34% 3,755.40 10/28 4:47pm
Australia ASX Mid-cap 50 -9.40 -0.27% 3,498.10 10/28 4:47pm
Hong Kong Hang Seng +1,580.45 +14.35% 12,596.29 10/28 5:59pm
Hong Kong HSCC Red Chip +226.98 +9.82% 2,538.43 10/28 4:35pm
Japan Nikkei 225 +459.02 +6.41% 7,621.92 10/28 4:30pm
Europe
Index Change %Change Level Last Update *

Belgium Bel 20 +34.61 +1.87% 1,888.82 10/28 11:28am
Europe DJ Stoxx +22.62 +1.10% 2,080.78 10/28 11:28am
Europe Euronext 100 +8.61 +1.66% 526.90 10/28 11:28am
Europe Euronext 150 +16.40 +1.82% 917.67 10/28 11:28am
France CAC +48.37 +1.58% 3,115.72 10/28 11:28am
France SBF 80 +77.07 +2.40% 3,291.16 10/28 11:28am
France SBF 120 +36.90 +1.68% 2,233.26 10/28 11:28am
Germany DAX +333.57 +7.70% 4,668.21 10/28 11:28am
Germany MDAX +26.74 +0.56% 4,837.29 10/28 11:28am
Germany TECDAX +7.71 +1.68% 465.92 10/28 11:28am
Netherlands AEX +1.22 +0.51% 238.32 10/28 11:28am
Norway BRIX +2.16 +0.05% 3,952.63 10/27 12:00am
Norway OSE Industry +3.39 +0.20% 167.21 10/28 11:28am
Sweden OMX +6.94 +1.21% 582.65 10/28 11:28am
Sweden OMSX All Share -6.50 -3.48% 180.19 10/27 12:00am
UK FTSE 100 +88.65 +2.30% 3,941.24 10/28 10:28am
UK FTSE All Shares +40.82 +2.11% 1,972.38 10/28 10:28am
UK FTSE Eurotop +45.80 +2.59% 1,815.70 10/28 10:28am

It is difficult to damn-near-impossible to try to figure out the markets anymore.

Seems when it comes to anything generally economic or economics related, you can take the 'rule book' and everything you've ever learned on the subject and toss it out the window.

I don't think anyone ever came up with a study, theory or disseration on an economic system based on sleight of hand, phantom funds and a loan-to-asset ratio of 40:1.

Suffice it to say, it is the humble opinion of the writer that they're makin' up the rules as they go along any more.

For us layfolk who aren't privy to anything but what the media has to report, it's all a crap shoot.

Well the markets overseas tanked yesterday. And we closed close to even in the US and the markets are just correcting from yesterdays loss. Also there probably boosted on the prospect of another fed rate cut. Other than that...Its just bouncing around.

just wait till friday morning when the GDP #s come out in the US, luckily the Asian markets will be closed by then.

It seems like we have one rally a week. Today is probably that one rally day.. Its not like it really helps though. We gain one day and the lose the rest of the week. IMO its almost like a balancing act to keep us from touching the 7000s.

Originally posted by GoalPoster
It is difficult to damn-near-impossible to try to figure out the markets anymore.

Lacking a rationale means to revert to irrationale, but not to the chaos.

Three phrases - Black Thursday, Black Monday, and Black Tuesday - are used to describe this collapse of stock values. All three are appropriate, for the crash was not a one-day affair. The initial crash occurred on Black Thursday (October 24, 1929), but it was the catastrophic downturn of Black Monday and Tuesday (October 28 and 29, 1929) that precipitated widespread panic and the onset of unprecedented and long-lasting consequences for the United States. The collapse continued for a month.

Today and tomorrow is the anniversary of Crash of 1929. The human unconscious works like that; it tries to avert catastrophes on a unconscious level.

The notorious sell-before-the-bell turn . . .

reply to post by stander


Doesn't look like it's going to happen today. Bear market day apparently.

Traders and Investors *think* that the credit freeze is about to lift. This News report that speaks about how the Fed is now buying $830 million of commercial paper from the Korean Development Bank came out overnight.

The bailout bill that was supposed to save wall street so that main street would be okay is now expanded to backstopping foreign country debt.

I guess if we can get the whole world backstopped, than everyone has a stake in keeping the Dollar strong and we don't implode as fast...

Ben Bernanke's 5 point plan is now on point 4 of implementation. I'll find the link to the thesis and add it later.

I think the stock market will maintain about present levels until around December 7-14. with much coming out then that shows the rally was just a short lived uptick on investor confidence. Then the holiday retail sales reports will come out which will not be good, and also I hear that investors will start calling for physical gold delivery which will cause defaults by Comex and then it is katy bar the door.

But I'm glad it rallied...at least we can hopefully have another good month before the storm.

Originally posted by redhatty

The bailout bill that was supposed to save wall street so that main street would be okay is now expanded to backstopping foreign country debt.

I guess if we can get the whole world backstopped, than everyone has a stake in keeping the Dollar strong and we don't implode as fast...

B-I-N-G-O

remember we flooded Iraq with billion$... even perhaps 1/2 of that 'missing' 2Trillion $$ the Pentagon can't seem to account for.

the same, padding of wallets and making lots of individuals attuned to the western business models of justifiable kickbacks to private and public 'leadership'... seems to be the way to secure alliances


the bailouts of our eastern Allies, whether its for public or private ventures is a sure way for other eager leaders to 'open' the avenues of 'communication'....why not be one of the receipients of the USDollars that are flooding every economy on the planet
~making the USD... 'indispensable'



later,

Originally posted by stander
The notorious sell-before-the-bell turn . . .

. . . but since today is the anniversary, buy-to-end-high guided the stretch run. Irrational exuberrance or primal instinct to hoard points in bad times?



We'll see tomorrow, the second day anniversary of the 1929 Crash, if the market looks the other way once again:

Casting a pall over the rally attempts, the Conference Board reported its gauge of consumer confidence plunged to a record low of 38 in October from an upwardly revised 61.4 in September. The October reading fell short of the consensus estimate of 52 and even the most pessimistic forecast in the survey, which was 45.

[edit on 10/28/2008 by stander]

I don't know if you follow Karl Denninger or not, but here's the 2 "tickers" he put out today - one (Oh No) covers Bernanke's "how do I stop a deflation" Thesis points.

Have a read

Oh No.... (Foreign Debt Bought by The Fed)

Bush - Caught Red-Handed In A Lie

Originally posted by stander
Irrational exuberrance or primal instinct to hoard points in bad times?

Volkswagen blowout. Shorts are being covered hardcore across the board.

What a ride . . .

The market collapse isn't happening even though the indicators of this possibility were in place. The only thing that has submerged into the deep waters of equities is the confidence in the bunch of market analysts who never saw the stabilizing rally coming. Their opinions is useless to go by as anything else.

There market lost some weight over the past couple of month, and there is a tight correlation between this happening and the oil prices joining the diet. And that's what most of the folks need to know and benefit from. Let the market move around 9k (DJIA) and keep the gas prices where they can be tolerable. $11,7 billion saved on gas per month is not a bad allowance at all. What the folks will do with it is up to them. If they keep limiting their driving habits to save money, as the high prices had forced them, a dime of crack will cost more, for supply and demand is to capitalism as Marx and Lenin is to communism.

It's interesting to see that the market seems to be oblivious to traditional downers such as drop in Gross Domestic Product. The market of the 2008 autumn days is a peculiar, unpredictable entity. Maybe it suffered a nervous breakdown caused by the continuous wipe out and it shows. Or maybe the market just wanted to have some fun. Am I right, Mrs. Dow Jones?
www.workhappynow.com...



[edit on 10/30/2008 by stander]

Some very positive movements have been recorded on this Election Day:

Shares in New York rallied in early trading on Tuesday as people in the US went to the polls. The Dow Jones Industrial Average closed up 305.5 points, or 3.3%, at 9,625.3 amid relatively light trading.

US shares took strength from gains in Asia and Europe amid hopes that a new president will take fresh action to solve the credit crisis.

The technology-based Nasdaq composite index rose 53.8 points, or 3.1%, to close at 1,780.1.

"It's not rooted in the expectation that one candidate will prevail over the other," said Patrick O'Hare at Briefing.com, regarding the shares rally. "Rather, it's rooted in the understanding that there will finally be clarity on the matter."

Source: news.bbc.co.uk...




[edit on 4/11/08 by pause4thought]