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What Was THAT? (Friday Market Close)

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posted on May, 30 2009 @ 09:01 PM
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Isn't the market always being manipulated? I always thought that it's all about imagined value anyway.




posted on May, 30 2009 @ 09:01 PM
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reply to post by PrisonerOfSociety
 


That is what is going to happen.

A "slim down" of sorts..

But that cant happen without going into BK

1 year or 2 (depending) a new GM IPO is set to begin..

Now, rinse and repeat in 75 years lol



posted on May, 30 2009 @ 09:04 PM
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reply to post by Electro38
 


Forward looking actually, the market is a leading indicator.

Manipulated... hmmm.. that depends what you want to call manipulation
Yeah, I think "big money" is 80% of wall street, they short you out (retail) then buy at the bottom, then they sell it to you at its peak, now repeat this process over and over and over and over and over lol

But yes, sometimes it seems manipulation is the only explanation..see citigroups intraday charts for the past 2 months lol



posted on May, 30 2009 @ 09:08 PM
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reply to post by GreenBicMan
 


I'm completely confused GreenBicMan. I am a layman and i thought if you declare BK then that's it; you become insolvent, administrators liquidate all your assets and ALL employees get jobs in McDonalds.

How can a corporation 'pretend' to declare BK, when in reality they're just cherry-picking what's sold off and sit tight until the g'ment throws more Fiat money there way.

Can you help clarify the muddy water please.



posted on May, 30 2009 @ 09:11 PM
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reply to post by PrisonerOfSociety
 


There is chapter 7 BK, Chapter 11 BK...

All with different terms..

One is for restructuring and one is whammo

I honestly dont know too much about BK, as you would have to ask a lawyer, or just consult google lol

_______________________________

I got this from how stuff works.com to clarify here....



Companies choose to file Chapter 11 because its long-term revenues will be higher than the liquidation value of the assets. This way, creditors can get more money back if they allow the debtor business to reorganize and work out a payment plan. The business becomes a debtor in possession, maintaining control and ownership of their assets and continuing their regular operations. At this point, there is usually no trustee.


/end quote



posted on May, 30 2009 @ 09:22 PM
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reply to post by GreenBicMan
 


Thanks GreenBicMan; however, the last thing i want to do is google how finance works


Personally, i see the hyperinflation starting this year or early next year. Should be fun buying bread for $50!



posted on May, 30 2009 @ 09:23 PM
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reply to post by PrisonerOfSociety
 


Dont worry, that wont happen, we are in a deflationary environment right now, and before hyperinflation would happen like that, the USA would crumble so.. turn that frown upside down



posted on May, 30 2009 @ 10:39 PM
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What Was That? (Friday Market Close)

What was that indeed!

economicedge.blogspot.com...

baltimorechronicle.com...



posted on May, 30 2009 @ 10:54 PM
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reply to post by Stormdancer777
 


Be careful with some of those websites..

ZH is extremely BIAS IMO (and a blog), but they are most likely correct with what has happened on friday yes

I guess everything has bias though, yes



posted on May, 30 2009 @ 11:13 PM
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mmm hmmm totally in the market...




[edit on 31-5-2009 by Adrifter]



posted on May, 30 2009 @ 11:18 PM
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I believe hyperinflation has hit my neck of the woods.

A 12 oz. box of vanilla wafers cost $3.69 at the grocery store yesterday.

I used 2 boxes of wafers as I made a large bowl of banana pudding. That bowl of pudding cost me close to $20.00.

One day I will probably have a stroke at the grocery check out because everything in the store has gone up considerably.

The only thing that has gone down in price is meat. Meat prices here are lower than I have seen them in 2 years.

I spent $14,000.00 last year on prescription drugs. That's outrageous.
Thank God my medicare insurance kicks in this July.

There is no way to sugar coat the fact that our economy is seriously screwed.

Our global situation reminds me of someone dieing a slow painful death.
We're on a morphine drip to ease the pain but we are going to die.

I spent many years in business and always had the answer no matter what was happening in the economy.

I don't have an answer this time. I'm beginning to think there is no fix to make our world what it once was when business was good.

I sold my primary business in 2007. There is no way I could sell it now and get what I wanted for it. I was lucky.



posted on May, 30 2009 @ 11:20 PM
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reply to post by Adrifter
 


No.. that spike was to the upside fortunately my friend lol



posted on May, 30 2009 @ 11:22 PM
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reply to post by GreenBicMan
 


splllluuuuughhhhh


never mind..



posted on May, 30 2009 @ 11:25 PM
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Originally posted by GreenBicMan
reply to post by Stormdancer777
 


Be careful with some of those websites..

ZH is extremely BIAS IMO (and a blog), but they are most likely correct with what has happened on friday yes

I guess everything has bias though, yes


OK thanks for the heads up.



posted on May, 30 2009 @ 11:27 PM
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reply to post by dizziedame
 






I used 2 boxes of wafers as I made a large bowl of banana pudding.

We will have to go back to making it the ole fashioned way.



posted on May, 30 2009 @ 11:28 PM
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reply to post by Adrifter
 


Yeah, score one for the good guys right?

lol



posted on May, 30 2009 @ 11:28 PM
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reply to post by Stormdancer777
 


No worries

And to the other poster, what cost the other 16 dollars for that pudding? lol



posted on May, 30 2009 @ 11:30 PM
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reply to post by GreenBicMan
 


yep the up to the minute market thread....

[edit on 30-5-2009 by Adrifter]



posted on May, 30 2009 @ 11:32 PM
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reply to post by Adrifter
 


Dont worry

Things are turning around

People are always the most negative at the bottom, and thats when its time to go up again..

March was the worst ever for confidence in the market, but in the USA as well

That should tell you something

[edit on 30-5-2009 by GreenBicMan]



posted on May, 30 2009 @ 11:35 PM
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reply to post by GreenBicMan
 


whatever the up to the minute market thread. yup

[edit on 30-5-2009 by Adrifter]



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