Watch the Stock Market. It is beginning to move. n/t

[Raven]

[CoffeeCat]

1. up or down?,

Isn't this week supposed to be all fire and brimstone in the stock market?

It must have gone up quite a bit yesterday...

[CoffeeCat]

2. Shyte!

The Dow is down 260.

The media blames Geithner.

No wonder they waited a day!

[Andy823]

6. They should be blaming

Republicans who are trying their best to kill the bill in congress. Until they pass that bill I don't see any great movement "UP" for the tock market, and then It will still be up and down from day to day with no real "huge" gains for some time. Of course a gain of "any kind" will be a welcome sight.

[CoffeeCat]

12. At this point, I don't think anything...

...will help.

Obama's plan could make some difference, and I applaud him for what he's trying to do. He
didn't create this mess.

Unfortunately, the Republicans designed this house of cards to fall---and it's going to fall
no matter what anyone does. Rising unemployment, massive business closings, another horrendous
housing bubble is set to pop in 2009 as ARMS reset.

It's all going to hell, and I think it's all orchestrated to fall on Obama's watch. They could
have continued to prop up the house of cards but after they realized that Obama would win--they
decided that it would all fall.

Obama gets blamed. America is angry. The neocon scumbags have a chance at clawing back into
power in 2012.

[godai]

3. Right now it's nailed to 8000.

One of those psychological boundaries which have no basis in reality.

[Pale Blue Dot]

4. Yah. It's moved from -292 to -262 in 20 minutes.

Woo hoo. They can't contain their enthusiasm.

[Pale Blue Dot]

5. ...and now down -272.

You'd almost think that they were predicting that this isn't going to work. I wonder why?

[Raven]

7. Down again! Follow the bouncing ball. n/t

[Pirate Smile]

9. Well, this is the stock market that frequently rallies when there are layoffs because a company has

decided to send all their jobs off-shore.

Wall street and main street are frequently at odds so I wouldn't make any decisions based on just how Wall Street reacts.

I'm looking for more info personally.

:hi:

[prolesunited]

8. Means as much as how they calculate gas prices

Day to day fluctuations mean nothing. We need a long-term trend line on the upswing.

[Raven]

10. Agreed, but I thought we might get a pulse at least today.

[anonymous171]

11. If it's moving down that means everything will be fine.

Those parasites know nothing about finance except how to make shit look like gold on paper.

[CoffeeCat]

13. I like that...

"shit look like gold on paper."

Plus, if the DOW tanks 300 or so--tomorrow they'll spend the entire day telling
us what a GREAT buying opportunity this is, and what a fabulous silver lining this
all is!

[CoffeeCat]

15. Now, it's down 316,.,, (nt)

[Pale Blue Dot]

14. You're wrong.

Not because they're not parasites (they are), but because they are in the business of predicting the future in order to make money. If they thought this was going to work, and increase the value of stocks in the future, they would be buying right now, at the instant that they know for sure this is going to pass. They're not buying.

The parasites are speaking volumes right now, whether we like what they're saying or not.

[tuckessee]

16. The Piehole Effect trancends administrations. n/t

[CoffeeCat]

22. Is that....

...."open your piehole, tell bad news" and the whole market tanks?

[Statistical]

26. No it is open your piehole and look like a clueless idiot (= Geitner today)

The market can handle bad news.

Bad news is priced in already.

The market can't handle uncertainty.

Geitner promised certainty with a "plan".
Plans generally have details.

People/investors actually believed Geitner has a plan.

Then he opened his mouth and everyone from the pros to personal investors saw he was clueless.
He has no plan.

He has a plan to form a committee to begin looking at names for future plan. Details in the coming weeks.
The market tanked on that.

[thewiseguy]

17. In the wrong direction?

[Pale Blue Dot]

18. Now down -350 pts.

It's verging on a crash. I doubt there will be one today, but who knows?

[sharp_stick]

19. Down 350 is verging on a crash

shit man you are some dramatic here.

[thewiseguy]

21. Well he is right.

Dow has had these big slides today. I do not understand why.

[Pale Blue Dot]

23. It's currently down nearly 4.5%.

Dramatic or not, that's verging on the traditional definition of a crash.

[CoffeeCat]

20. Down 364...yikes. (nt)

[Raven]

24. Are people staying out or selling because the Stim Bill has to go

to conference?

[Pale Blue Dot]

25. No. It's because they think (or know) it won't work.

There's no reasonable doubt that it will get through conference.