Where did this turn around come from?

tcannon521
Edited Date/Time 1/21/2012 11:39am
NASDAQ 2199.10 100.25 4.78%

DJIA 11010.74 401.08 3.78%

S&P 500 1206.40 50.01 4.32%

NASDAQ-100 1697.42 64.97 3.98%

NASDAQ-100 PMI 1669.10 36.65 2.25%

NASDAQ-100 AHI 1695.20 -2.22 0.13%

Russell 1000 658.05 27.18 4.31%

Russell 2000 723.32 46.94 6.94%

FTSE All-World ex-US* 197.22 2.67 1.37%

FTSE RAFI 1000* 4793.58 232.86 5.11%

|
WhipMeister
Profile picture for user WhipMeister
Posts
5247
Joined
8/15/2006
Location
Big D, TX US
WhipMeister 9/18/2008 1:22pm
9/18/2008 1:22pm Edited Date/Time 4/16/2016 8:30pm
Panic->Bail->Digest->Factor->Adjust
el moto diablo 9/18/2008 1:26pm
9/18/2008 1:26pm
Just shows you what an illogical farce the whole thing is.
KAWboy14
Profile picture for user KAWboy14
Posts
6502
Joined
12/31/2007
Location
Austin, TX US
KAWboy14 9/18/2008 1:29pm
9/18/2008 1:29pm
oil prices
tcannon521 9/18/2008 2:01pm
9/18/2008 2:01pm
Oil prices were up last I saw.

The Shop

See All »
flarider
Profile picture for user flarider
Posts
25496
Joined
4/1/2008
Location
Daytona Beach, FL US
flarider 9/18/2008 2:03pm
9/18/2008 2:03pm
More bailout


Speculation that the federal government could create some sort of rescue entity to acquire troubled assets that have plagued financial institutions, similar to the Resolution Trust Corporation formed during the savings and loan crisis of the late 1980s and early 1990s helped fuel the rally.

"The idea that the Treasury [Department] was considering an RTC-type entity was what really put this [rally] into hyperspace," said Richard Cripps, chief investment officer at Stifel Nicolas.

LINK
No Spin Zone 9/18/2008 2:03pm
9/18/2008 2:03pm
Every time there's a huge drop, the next day there is a small recovery because people try to take advantage of "buying low". There was a period recently where the stock market didn't have two days in a row of positive numbers for months. It would go down, then back up, then back down, then back up...
CRF122
Profile picture for user CRF122
Posts
431
Joined
4/2/2008
Location
San Clemente, CA US
CRF122 9/18/2008 2:04pm
9/18/2008 2:04pm Edited Date/Time 9/18/2008 2:16pm
turn on CNBC they have been talking about it for an hour or two.

CRF122
Profile picture for user CRF122
Posts
431
Joined
4/2/2008
Location
San Clemente, CA US
CRF122 9/18/2008 2:07pm
9/18/2008 2:07pm Edited Date/Time 4/16/2016 8:30pm
Bernank & polly are going to meet w/ cong. to save the world - basically
tcannon521 9/18/2008 2:25pm
9/18/2008 2:25pm
Yes, but the day started what 400 points down by lunch tme to come back to the positive 400 is a good recovery. Just curious what caused it.
No Spin Zone 9/18/2008 2:26pm
9/18/2008 2:26pm
tcannon521 wrote:
Yes, but the day started what 400 points down by lunch tme to come back to the positive 400 is a good recovery. Just curious what...
Yes, but the day started what 400 points down by lunch tme to come back to the positive 400 is a good recovery. Just curious what caused it.
People trying to buy low and then sell high tomorrow.
flarider
Profile picture for user flarider
Posts
25496
Joined
4/1/2008
Location
Daytona Beach, FL US
flarider 9/18/2008 2:29pm
9/18/2008 2:29pm Edited Date/Time 9/18/2008 2:29pm
tcannon521 wrote:
Yes, but the day started what 400 points down by lunch tme to come back to the positive 400 is a good recovery. Just curious what...
Yes, but the day started what 400 points down by lunch tme to come back to the positive 400 is a good recovery. Just curious what caused it.
I told you

So you're ignoring facts again
CRF122
Profile picture for user CRF122
Posts
431
Joined
4/2/2008
Location
San Clemente, CA US
CRF122 9/18/2008 2:45pm
9/18/2008 2:45pm
tcannon521 wrote:
Yes, but the day started what 400 points down by lunch tme to come back to the positive 400 is a good recovery. Just curious what...
Yes, but the day started what 400 points down by lunch tme to come back to the positive 400 is a good recovery. Just curious what caused it.
No Spin Zone wrote:
People trying to buy low and then sell high tomorrow.
ah, NO.

This is all about a bailout of legendary proportions. It will instill confidence back in the market and stop the bleeding. The run today was generated by an annoucement, not action.
WhipMeister
Profile picture for user WhipMeister
Posts
5247
Joined
8/15/2006
Location
Big D, TX US
WhipMeister 9/18/2008 2:48pm
9/18/2008 2:48pm
This probably helped, "The Bank of Canada said it is acting with the Bank of England, the European Central Bank, the Federal Reserve, the Bank of Japan and the Swiss National Bank with "co-ordinated measures designed to address the continued elevated pressures in U.S.-dollar short-term funding markets"
WhipMeister
Profile picture for user WhipMeister
Posts
5247
Joined
8/15/2006
Location
Big D, TX US
WhipMeister 9/18/2008 2:49pm
9/18/2008 2:49pm
I thought W took all your money.
No Spin Zone 9/18/2008 2:54pm
9/18/2008 2:54pm
tcannon521 wrote:
Yes, but the day started what 400 points down by lunch tme to come back to the positive 400 is a good recovery. Just curious what...
Yes, but the day started what 400 points down by lunch tme to come back to the positive 400 is a good recovery. Just curious what caused it.
No Spin Zone wrote:
People trying to buy low and then sell high tomorrow.
CRF122 wrote:
ah, NO. This is all about a bailout of legendary proportions. It will instill confidence back in the market and stop the bleeding. The run today...
ah, NO.

This is all about a bailout of legendary proportions. It will instill confidence back in the market and stop the bleeding. The run today was generated by an annoucement, not action.
I'll bet you a full week away from posting that it's down again tomorrow.
CRF122
Profile picture for user CRF122
Posts
431
Joined
4/2/2008
Location
San Clemente, CA US
CRF122 9/18/2008 2:58pm
9/18/2008 2:58pm
I need to go back to school to get a degree in psychology to understand todays market. Psychology not mathmatics jerk off Smile
No Spin Zone 9/18/2008 3:00pm
9/18/2008 3:00pm
CRF122 wrote:
I need to go back to school to get a degree in psychology to understand todays market. Psychology not mathmatics jerk off Smile
No bet, then?
BMSOB
Profile picture for user BMSOB
Posts
1191
Joined
4/1/2008
Location
PN
BMSOB 9/18/2008 3:03pm
9/18/2008 3:03pm Edited Date/Time 4/16/2016 8:30pm
The promise of continued massive bailouts of other companies teetering on the brink is what triggered today's recovery. The fact that other foreign banks have joined in is testament to how badly exposed the world economy is to our continued troubles. An RTC or, something like it, still won't help the people whose stock in these companies tanked & the many yet to come who will lose their jobs over it, but it will keep the creditors like China, Saudi Arabia, Dubai, India, Japan & Indonesia from calling in their markers & causing the whole thing to collapse because the debt they hold is guaranteed. Small comfort for many Americans caught in the squeeze. How many generations will it take & how many American institutions will have to be sold to pay it off is the question.

Pit Row

See All »
CRF122
Profile picture for user CRF122
Posts
431
Joined
4/2/2008
Location
San Clemente, CA US
CRF122 9/18/2008 3:04pm
9/18/2008 3:04pm
My money is a step away from being hidden in my underwear drawer, not betting on anything at this point.
flarider
Profile picture for user flarider
Posts
25496
Joined
4/1/2008
Location
Daytona Beach, FL US
flarider 9/18/2008 3:17pm
9/18/2008 3:17pm
4 MORE YEARS!
4 MORE YEARS!!
odeez
Profile picture for user odeez
Posts
36
Joined
4/1/2008
Location
MI US
odeez 9/18/2008 3:46pm
9/18/2008 3:46pm
BMSOB wrote:
The promise of continued massive bailouts of other companies teetering on the brink is what triggered today's recovery. The fact that other foreign banks have joined...
The promise of continued massive bailouts of other companies teetering on the brink is what triggered today's recovery. The fact that other foreign banks have joined in is testament to how badly exposed the world economy is to our continued troubles. An RTC or, something like it, still won't help the people whose stock in these companies tanked & the many yet to come who will lose their jobs over it, but it will keep the creditors like China, Saudi Arabia, Dubai, India, Japan & Indonesia from calling in their markers & causing the whole thing to collapse because the debt they hold is guaranteed. Small comfort for many Americans caught in the squeeze. How many generations will it take & how many American institutions will have to be sold to pay it off is the question.
True, I wouldnt call it a recovery though. There is much downward motion still to come. IMO, the dow will hit 10,000 easily.
CR250Rider
Profile picture for user CR250Rider
Posts
6706
Joined
4/1/2008
Location
Moses Lake, WA US
CR250Rider 9/18/2008 3:54pm
9/18/2008 3:54pm
up today? bargain hunting !

az2u
Profile picture for user az2u
Posts
931
Joined
8/15/2006
Location
CA US
az2u 9/18/2008 3:56pm
9/18/2008 3:56pm
There are stocks still holding strong despite the downturn. General Mills(GIS) has been performing well since the start of the year.

brainbasket
Profile picture for user brainbasket
Posts
1531
Joined
4/1/2008
Location
Ventura, CA US
brainbasket 9/18/2008 4:06pm
9/18/2008 4:06pm
The volume and momentum suggest these indexes are being moved by institutional investors - not skittish small time investors operating without a strategic plan.

There's several reasons to sell a stock - to raise cash, exit a poor performing investment, expectations of future losses etc.
But there's really only one reason to buy a stock - The expectation that it's value will increase.

There's traders that need to sell, and there's others that want a bargain. I think that's where most of the volatility's coming from...
el moto diablo 9/18/2008 5:06pm
9/18/2008 5:06pm
I'm investing in Top Ramen and Shasta Cola
flarider
Profile picture for user flarider
Posts
25496
Joined
4/1/2008
Location
Daytona Beach, FL US
flarider 9/18/2008 5:12pm
9/18/2008 5:12pm
Can you still get Shasta?

I wish I could find RC Cola
KAWboy14
Profile picture for user KAWboy14
Posts
6502
Joined
12/31/2007
Location
Austin, TX US
KAWboy14 9/18/2008 5:13pm
9/18/2008 5:13pm
flarider wrote:
Can you still get Shasta?

I wish I could find RC Cola
you cracker.....you probably put salted peanuts in your rc huh Smile
race
Profile picture for user race
Posts
3480
Joined
8/26/2006
Location
CA US
race 9/18/2008 5:15pm
9/18/2008 5:15pm
You have to love some of these corporations. After screaming for government to stay out of their shit, no regulation, etc. .... now they're crawling on the floor, cap in hand, screaming for some "government intervention" to save their asses. Same with their paid lackeys in government.

Let 'em burn. At the least I would like to see bonuses taken back, golden parachutes burned, stock options nuked and a whole lot of exec compensation cancelled at these firms before any bailout is sent their way.

Some jail time would be nice too.

If you could put a tax on greed this country would be swimming in a budget surplus.
el moto diablo 9/18/2008 5:16pm
9/18/2008 5:16pm Edited Date/Time 9/18/2008 5:17pm
We have RC and Shasta, you can get anything in LA, I can literally have two Fillipino hookers and a maine lobster delivered to my door if I wanted. Its a magical place.
odeez
Profile picture for user odeez
Posts
36
Joined
4/1/2008
Location
MI US
odeez 9/18/2008 5:17pm
9/18/2008 5:17pm
"Some jail time would be nice too."

A white collar resort, or a Federal Pound-me-in-the-ass prison?

Post a reply to: Where did this turn around come from?