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biofuel13
Heavy Crude
Joined: May 07, 2008
Posts: 424
Location: Chaska, MN
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 Posted: Fri Oct 10, 2008 1:39 pm Post subject: Re: US Markets Friday, 10-10-2008 |
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That's a 1000+ pt rally today. If the PPT wants to do this, they could at least be stealthy about it.
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smallpoxgirl
Moderator
Joined: Nov 08, 2004
Posts: 6359
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| Posted: Fri Oct 10, 2008 1:42 pm Post subject: Re: US Markets Friday, 10-10-2008 |
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I wonder if Paulson blew the whole $700,000,000 in the stock market today. That was some crazy manipulation. It's already sinking back into the red though.
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"So while you sit and whistle Dixie with your money and your power.
I can hear the flowers a-growin in the rubble of the towers.
I hear leaders quit their lying
I hear babies quit their crying.
I hear soldiers quit their dying, one and all." - OCMS |
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Cid_Yama
Light Sweet Crude
Joined: May 27, 2007
Posts: 1723
Location: The Post Peak Oil Historian
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| Posted: Fri Oct 10, 2008 1:42 pm Post subject: Re: US Markets Friday, 10-10-2008 |
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It's your 700B at work. It's the Treasury. Bush announced they would do it during his speech this morning.
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In a time of universal deceit, telling the truth is a revolutionary act. - George Orwell
It riles them to believe that you perceive the webs they weave. - Moody Blues |
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Minvaren
Heavy Crude
Joined: Sep 25, 2005
Posts: 121
Location: Planet Houston
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| Posted: Fri Oct 10, 2008 1:43 pm Post subject: Re: US Markets Friday, 10-10-2008 |
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| Went from 200 up to 200 down to even in about 2 minutes... |
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morph
Heavy Crude
Joined: Jul 28, 2006
Posts: 105
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| Posted: Fri Oct 10, 2008 1:44 pm Post subject: Re: US Markets Friday, 10-10-2008 |
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| and back down we go... |
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Spanktron9
Heavy Crude
Joined: Jun 03, 2008
Posts: 190
Location: Terrified beyond the capacity for rational thought
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| Posted: Fri Oct 10, 2008 1:46 pm Post subject: Re: US Markets Friday, 10-10-2008 |
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AAaaannnnddd...flatline.
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Who are you going to turn to when all the crazy Peak-oil doomers end up being right? |
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iiioil
Tar Sands
Joined: Apr 22, 2008
Posts: 27
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| Posted: Fri Oct 10, 2008 1:48 pm Post subject: Re: US Markets Friday, 10-10-2008 |
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Cid_Yama
Light Sweet Crude
Joined: May 27, 2007
Posts: 1723
Location: The Post Peak Oil Historian
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| Posted: Fri Oct 10, 2008 2:02 pm Post subject: Re: US Markets Friday, 10-10-2008 |
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I'm impressed. I didn't think they would make it to the close. Smallpox girl is right, you just saw them spend hundreds of billions of dollars in 45 minutes. Not all of it, but a good chunk. At least they bought stuff with it and didn't just give it away.
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In a time of universal deceit, telling the truth is a revolutionary act. - George Orwell
It riles them to believe that you perceive the webs they weave. - Moody Blues
Last edited by Cid_Yama on Fri Oct 10, 2008 2:07 pm; edited 2 times in total |
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biofuel13
Heavy Crude
Joined: May 07, 2008
Posts: 424
Location: Chaska, MN
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| Posted: Fri Oct 10, 2008 2:02 pm Post subject: Re: US Markets Friday, 10-10-2008 |
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Well...
nice effort PPT...
but not quite the green numbers you were trying for....
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"With man gone will there be hope for gorilla? With gorilla gone will there be hope for man?" --Ishmael by D. Quinn |
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Minvaren
Heavy Crude
Joined: Sep 25, 2005
Posts: 121
Location: Planet Houston
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| Posted: Fri Oct 10, 2008 2:03 pm Post subject: Re: US Markets Friday, 10-10-2008 |
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And at the bell...
off 79, drop of only 1% on the day.
(relaxes death grip on desk)
Man, now THAT was an A-ticket ride. |
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Zardoz
Expert
Joined: Dec 02, 2005
Posts: 6684
Location: Oil-addicted Southern Californucopia
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| Posted: Fri Oct 10, 2008 2:07 pm Post subject: Re: US Markets Friday, 10-10-2008 |
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| Minvaren wrote: | (relaxes death grip on desk)
Man, now THAT was an A-ticket ride. |
How many of these gut-wrenching weeks can we take? I'm worn out.
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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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frankthetank
Fusion
Joined: Sep 16, 2004
Posts: 4863
Location: Southwest WI
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| Posted: Fri Oct 10, 2008 2:11 pm Post subject: Re: US Markets Friday, 10-10-2008 |
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Wouldn't that be considered inflationary???
There is no doubt in my mind that the government didn't just do that... We were down ALL day and all of a sudden people started buying? Yeah right... today was manipulation...look at gold/silver... They just had to do something. In the end it will all be for nothing. Hopefully a lot of people got out on that end of the day gain.
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Clothing should be optional. |
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HEADER_RACK
Intermediate Crude
Joined: Feb 15, 2007
Posts: 540
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| Posted: Fri Oct 10, 2008 2:11 pm Post subject: Re: US Markets Friday, 10-10-2008 |
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CNBC will be pumping this hard tonight I bet. They will have their experts out belching out that they think the bottom has been hit and now everyone should BUY BUY BUY !!!
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Nothing is more dangerous than a man with nothing left to lose but has everything left to gain. |
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emersonbiggins
Moderator
Joined: Jul 10, 2005
Posts: 5173
Location: Dallas
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| Posted: Fri Oct 10, 2008 2:14 pm Post subject: Re: US Markets Friday, 10-10-2008 |
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How many shares of U.S. Steel did Mr. Whitney buy again? And he paid WHAT for them!? 
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"It's called the American Dream because you'd have to be asleep to believe it."
George Carlin |
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smallpoxgirl
Moderator
Joined: Nov 08, 2004
Posts: 6359
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| Posted: Fri Oct 10, 2008 2:24 pm Post subject: Re: US Markets Friday, 10-10-2008 |
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| Zardoz wrote: | | How many of these gut-wrenching weeks can we take? I'm worn out. |
You said it!
_________________
"So while you sit and whistle Dixie with your money and your power.
I can hear the flowers a-growin in the rubble of the towers.
I hear leaders quit their lying
I hear babies quit their crying.
I hear soldiers quit their dying, one and all." - OCMS |
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