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yesplease
Fission
Joined: Oct 03, 2006
Posts: 2570
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 Posted: Mon Sep 29, 2008 12:03 pm Post subject: Re: How do you think the markets will react tomorrow? |
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Lenny Bruce is not afraid.
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| Professor Membrane wrote: | | Not now son! I'm making...TOAST! |
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AlexdeLarge
Intermediate Crude
Joined: May 20, 2008
Posts: 993
Location: I have a whole ward
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| Posted: Mon Sep 29, 2008 12:09 pm Post subject: Re: How do you think the markets will react tomorrow? |
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- 600 for a few moments!
It's the suspense that gets you !!!!
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Viddy well, little brother. Viddy well. |
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eXpat
Light Sweet Crude
Joined: Jun 08, 2006
Posts: 1082
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| Posted: Mon Sep 29, 2008 12:44 pm Post subject: Re: How do you think the markets will react tomorrow? |
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Global stocks and euro engulfed in spreading bank crisis
| Quote: | NEW YORK (Reuters) - Investors bought U.S. Treasuries and dumped stocks globally in a scramble for safety on Monday, amid a credit crisis that has U.S. lawmakers moving quickly to vote on a $700 billion financial rescue plan while central banks pumped more money into paralyzed money markets.
Gold prices surged in the search for safety while a handful of banks in Europe were partially nationalized over the weekend to protect them from failure.
To counteract the financial crisis that has spread worldwide from last year's U.S. mortgage market meltdown, the Federal Reserve announced a $330 billion expansion of arrangements to boost U.S. dollar liquidity throughout the global financial system which has become paralyzed by fear.
The euro fell nearly 2.0 percent against the U.S. dollar at one point, but has since gained back some ground. Emerging market currencies were pulled lower against the U.S. dollar in a flight to safety. |
link
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Stocking up on popcorn  |
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DaleFromCalgary
Tar Sands
Joined: Jul 31, 2008
Posts: 60
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| Posted: Mon Sep 29, 2008 1:23 pm Post subject: Re: How do you think the markets will react tomorrow? |
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| One word: apeshit. |
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cbxer55
Intermediate Crude
Joined: Jun 02, 2008
Posts: 560
Location: Someplace where the sun does not shine
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| Posted: Mon Sep 29, 2008 2:23 pm Post subject: Re: How do you think the markets will react tomorrow? |
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Dow dropped a lot further than I thought it would.
Down 676 points after news that the "bailout" bill failed.
Now at 10,467 as of 3:30 EST.
Hoorah for the House Republicans for sticking to their guns
and listening to their constituents.
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Last edited by cbxer55 on Mon Sep 29, 2008 2:25 pm; edited 1 time in total |
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Zardoz
Expert
Joined: Dec 02, 2005
Posts: 6786
Location: Oil-addicted Southern Californucopia
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| Posted: Mon Sep 29, 2008 2:25 pm Post subject: Re: How do you think the markets will react tomorrow? |
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Dow Closes Down Nearly 800 as Market Reels
| Quote: | The market screamed as the House vote on the Wall Street bailout bill teetered on the edge of a cliff — and then fell off.
"This is panic and ... fear run amok," Zachary Karabell, president of River Twice Research told CNBC. "Right now we are in a classic moment of a financial meltdown," he said.
...“I honestly don’t even know where we go from here,” said Dave Rovelli, managing director of equity trading at Canaccord Adams. “It’s impossible to quantify.”
“We were all in shock,” Rovelli said of the mood on the trading floor. “The problem is, out in the boondocks, people don’t realize what this means. When they can’t get a loan at the bank, then they’ll figure it out.”
"If there is no package, there will be a tremendous hole in credit markets. This must be passed," Gross said.
"We don't have a backup plan," Rovelli added. |
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"Thank you for attending the oil age. We're going to scrape what we can out of these tar pits in Alberta and then shut down the machines and turn out the lights. Goodnight." - seldom_seen |
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eXpat
Light Sweet Crude
Joined: Jun 08, 2006
Posts: 1082
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| Posted: Mon Sep 29, 2008 2:43 pm Post subject: Re: How do you think the markets will react tomorrow? |
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After the Dow closed at -777, the name of this thread sounds more ominous now.
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Stocking up on popcorn |
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gnm
Expert
Joined: Jul 08, 2004
Posts: 2738
Location: plundering eco-villages
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| Posted: Mon Sep 29, 2008 3:06 pm Post subject: Re: How do you think the markets will react tomorrow? |
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| eXpat wrote: | | After the Dow closed at -777, the name of this thread sounds more ominous now. |
Yeah but gold closed up at $911
wheres my tinfoil hat....?
-G
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I Have and will continue to vote against ANY politician who supports the various bailouts. Curse you for selling out our future for status quo now! |
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ALBY
Heavy Crude
Joined: Sep 30, 2005
Posts: 473
Location: Baltimore County, Md
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| Posted: Mon Sep 29, 2008 3:21 pm Post subject: Re: How do you think the markets will react tomorrow? |
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| eXpat wrote: | | After the Dow closed at -777, the name of this thread sounds more ominous now. |
LUCKY 7's
BOOYAH ! |
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StuckInPhilly
Heavy Crude
Joined: Jul 24, 2008
Posts: 120
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| Posted: Mon Sep 29, 2008 4:25 pm Post subject: Re: How do you think the markets will react tomorrow? |
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I was going to say that I thought things would go up and down until the big, big downer comes in a few weeks but...
the whole thing is and always has been completely irrational.
Fortunately the stock exchange is not the economy, unfortunately the rest of the economy pretty much sucks.
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“In the Soviet Union, capitalism triumphed over communism. In this country, capitalism triumphed over democracy.”
[Fran Lebowitz |
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Cyrus
Intermediate Crude
Joined: Jan 25, 2005
Posts: 629
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| Posted: Mon Sep 29, 2008 4:36 pm Post subject: Re: How do you think the markets will react tomorrow? |
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| Today's supposed "rally" discussed earlier in this thread never came... |
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Ferretlover
Moderator
Joined: Jun 13, 2007
Posts: 3911
Location: Minniesotuh
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| Posted: Mon Sep 29, 2008 5:47 pm Post subject: Re: How do you think the markets will react tomorrow? |
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| charliebrownout wrote: | | I sit down at the computer and my husband asks, routinely, "So, what sort of bad, evil, world-shattering thing is going to happen to us today?" and "Aren't you being just a little TOO paranoid?" and "Do I need to buy some more tinfoil?" |
 Heard something similiar from my son last night! However, I had a bit of selfish smuggness in telling my DH this evening how much the Dow, etc., dropped today-after I predicted it yesterday (he had said there wouldn't been much of a change at all) . I am sooo awful!!
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"RRrrruuuunnnn!!!" ~Apocalypto |
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JJ
Heavy Crude
Joined: Aug 07, 2007
Posts: 437
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| Posted: Mon Sep 29, 2008 6:21 pm Post subject: Re: How do you think the markets will react tomorrow? |
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| Ferretlover wrote: | | charliebrownout wrote: | | I sit down at the computer and my husband asks, routinely, "So, what sort of bad, evil, world-shattering thing is going to happen to us today?" and "Aren't you being just a little TOO paranoid?" and "Do I need to buy some more tinfoil?" |
Heard something similiar from my son last night! However, I had a bit of selfish smuggness in telling my DH this evening how much the Dow, etc., dropped today-after I predicted it yesterday (he had said there wouldn't been much of a change at all) . I am sooo awful!! |
hahahaha I said at dinner I had a pretty good day and my 13 year old said didn't you just say the whole world is going crazy? Yeah...... |
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Denny
Light Sweet Crude
Joined: Jul 10, 2004
Posts: 1714
Location: Canada
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| Posted: Mon Sep 29, 2008 6:27 pm Post subject: Re: How do you think the markets will react tomorrow? |
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| ALBY wrote: | | eXpat wrote: | | After the Dow closed at -777, the name of this thread sounds more ominous now. |
LUCKY 7's
BOOYAH ! |
That reminds me, I saw Jim Cramer on the news this weekend, and he was beside himself, just with all the delays being encountered in passing the ripoff rescue bill. I am thinking they must have him on some kind of intravenous form of tranquillizers by now - or a straight jacket. |
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eXpat
Light Sweet Crude
Joined: Jun 08, 2006
Posts: 1082
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| Posted: Mon Sep 29, 2008 7:35 pm Post subject: Re: How do you think the markets will react tomorrow? |
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| Denny wrote: | | ALBY wrote: | | eXpat wrote: | | After the Dow closed at -777, the name of this thread sounds more ominous now. |
LUCKY 7's
BOOYAH ! |
That reminds me, I saw Jim Cramer on the news this weekend, and he was beside himself, just with all the delays being encountered in passing the ripoff rescue bill. I am thinking they must have him on some kind of intravenous form of tranquillizers by now - or a straight jacket. |
Nahh, actually he is quite cool and even cheerful video
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