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Originally posted by NickT916
how could it go up so fast in such short time?
Originally posted by marg6043
reply to post by NickT916
The truth came out, The market down fall last week was not an error.
Last night the big banks (the plunge protection team )approved 1 trillion dollars for the market today to avoid another down fall, the US Federal Reserve, the Bank of Canada, the Central banks and the UK no only approve the bailout for Greece but an additional 1 trillion for the markets to stop another crash.
That is why the markets open in the positive, the problem is that this money is at the expenses of tax payers in the nations involved.
Also the this bailout like the last one will not stop the markets from plunging again.
Originally posted by daddyroo45
I just have this nagging feeling that right now is a good time to get the heck out of the market. When they have to bolster the market to avoid a crash,confidence is hard to come by.
Luckily, with the European Union and United States springing into action to stave off a financial disaster, markets on Wall Street are expected to follow global trends and surge throughout the day. The Dow Jones Industrial Average had gained a staggering 400 points within one hour of the opening this morning. If New York can maintain this pace they may easily make up for last week’s collapse, but in this uncertain environment it is hard to project.
The primary motivation for this huge boost on U.S. and global stock markets, according to Bloomberg News, is a $960 million loan plan set aside by the E.U. to save Greece and the region from a debt-induced collapse.
According to CNNMoney.com, the U.S. Federal Reserve will join the European Central Bank, and the Bank of Canada is bailing out the region and attempting to prevent a return to the 2008 crisis mode. This nearly $1 trillion rescue will likely be seen by the average person as yet another bailout of the financial fat cats
Originally posted by The Vulcan
reply to post by GreenBicMan
the wsj article was addressing the NYSE and NOT GLOBEX with handles the Emini SP 500 futures.
Before the market opened on Monday, the New York Stock Exchange invoked a rarely used rule allowing designated market-makers to not show prices before the bell, making it easier and faster to open stocks.
The rule was approved by the Securities and Exchange Commission on Dec. 6, 2007 and has been used rarely since then.
the PPT was all over this. you really need to do some more research on the subject. The market is toast. they can't prop this up much longer. I have the track record to prove it. I've worked on wall street for over 10 years now so I think I know a little something about order flow and market manipulation.
Max Keiser covered this subject more thoroughly the other day during his broadcast since he is the one that created the mechanisms we now use.