http://www.nasdaq.com/
All the Doomsday birds, talking heads, apocalypse tin foil hats (including all the news media too!)
Why do I see green arrows and jumps and how come the world didn't come to an end , despite the bailout failed?
http://www.nasdaq.com/
All the Doomsday birds, talking heads, apocalypse tin foil hats (including all the news media too!)
Why do I see green arrows and jumps and how come the world didn't come to an end , despite the bailout failed?
Maybe the market is optimistic thinking the next bail out plan will pass?
Art for art's sake is a philosophy of the well-fed.
Frank Lloyd Wright
Maybe... I'm a n00bie when it comes to economics.
I'm just trying to keep the thread alive, untill someone else sheds new light on this subject because I'm interested in what happened today as well. I watched on tv yesterday how everybody was saying the US economy is doomed...
Art for art's sake is a philosophy of the well-fed.
Frank Lloyd Wright
This is a sucker's bounce. The big money folks have put a little in to promote the illusion that the bottom is here and investors should come back.
Just in time for it to plummet even more.
In other words, I strongly believe yesterday was not the bottom.
"oooh a gypsy wind is blowing warm tonight, sky is starlit and the time is right. Now you're telling me you have to go...before you do there's something you should know." - Bob Seger
Freedom is the distance between church and state.
It might be temporary, but I won't say anything until I see what the hell is really going on.
i dont understand those things .
the green arrows are present in all -stock markets- but in tv i see something else like omg stock markets are falling so fast and this and that and yada yada![]()
It's the Dow Jones companies that are tanking, and these companies are the de facto kings and sultans of the world market. When this group falls an index of 700 points, no number of green arrows on the part of the NASDAQ will cover it. It's a simplification, but the Dow companies are the elite (though a couple do still trade on the NASDAQ) and the NASDAQ are everybody else.
A little bit of gain on NASDAQ can never reverse what is universally seen as a cataclysmic fall in the Dow Jones index.
Most the green arrows are feel good, returning faith-in-the-market notices from the public investors trading only in the NASDAQ (they cannot trade in the DOW), and is most likely a result of initial optimism over yesterday's talks on a market bail (it really is a lot of mind games). But these companies are usually smaller, one can say inconsequential, stocks.
Now, those like AIG however have green arrows. Not only that, but they have a change of 33% just today!
Sounds great... until you realize the market price opened today at around $1.00 and ended at around $3.33. And we're talking AIG, a stock that sold at $22, 2200% what it does now, just a month ago.
That awesome green arrow and percentage increase, in this case, means nothing at all. An increase of two dollars on the stock cannot, and never will, cover a loss of epic proportions over the past few days. Most of the big, mover-and-shaker companies are like this example, sadly.
Last edited by Sher Khan; September 30, 2008 at 03:38 PM.
So when does the Amero currency come along? With the union of Canada, the US and Mexico?
Lyndon Laroche seems to believe that once the Lisbon Treaty comes into force we will have a fighting war emerging on the planet![]()
Granted I'm an economic newbie(being a student) but the dow has gained back 500 points today so thats a net fall of 270... Anyways please expand. Also isn't this awful high for just a dead cat bounce?It's the Dow Jones companies that are tanking, and these companies are the de facto kings and sultans of the world market. When this group falls an index of 700 points, no number of green arrows on the part of the NASDAQ will cover it. It's a simplification, but the Dow companies are the elite (though a couple do still trade on the NASDAQ) and the NASDAQ are everybody else.
A little bit of gain on NASDAQ can never reverse what is universally seen as a cataclysmic fall in the Dow Jones index.
"July 14, 2008: I think this is a case where Freddie Mac and Fannie Mae are fundamentally sound. They're not in danger of going under. They're not the best investment these days from a long term standpoint going back. I think they are in good shape going forward. They're in the housing market. I do think their prospects going forward are very solid."
-Barney Frank
It's hard to say what is driving it right now but it could be the belief that a deal will get passed soon so the market is taking their bump now. Or it could be the liquidity that was pumped in yesturday.
Sure I've been called a xenophobe, but the truth is Im not. I honestly feel that America is the best country and all other countries aren't as good. That used to be called patriotism.
Another question considering the fed can take out 1 to 2 trillion for this is government intervention necessary?
"July 14, 2008: I think this is a case where Freddie Mac and Fannie Mae are fundamentally sound. They're not in danger of going under. They're not the best investment these days from a long term standpoint going back. I think they are in good shape going forward. They're in the housing market. I do think their prospects going forward are very solid."
-Barney Frank
the more and more I think about it, the less and less I think it is. Not because the fed can just jump in at anytime, that's not right either. But people keep for getting that this debt is worth money. The vast majority are going to pay it back and since everyone likes to say capitalism is about greed, wouldn't some greedy capitalist come along maybe offer some new terms and renegotiate some of this debt and make a buck? There is more money in the private sector to take care of this then the public for chirst's sake. Hell, make the US a more friendly business climate and you will see the dollars roll in. American debt is the most valuable debt in the world.Another question considering the fed can take out 1 to 2 trillion for this is government intervention necessary?
Sure I've been called a xenophobe, but the truth is Im not. I honestly feel that America is the best country and all other countries aren't as good. That used to be called patriotism.
With the exception of corporate taxes (which shouldn't matter too much for investment dollars), the US is already the most attractive industrialised/first world nation in the world. The most attractive things that could be done right now would be those that add some much needed policing to what has become a market filled with shoddy investments and liars. Maybe taxes on some investment transactions to pump the brakes on all those wild speculators, or Chinese style "accidents" for some of the especially crooked managers.
Patronized by happyho in the Legion of Rahl
Originally Posted by Eugene Debs
If bush had just not panicked originally this wouldn't have been as bad at least he could have promised less money then it wouldn't be as big of a deal.
I 100 percent agree with you there drop down the capital gains tax and let capitalism do its job!Hell, make the US a more friendly business climate and you will see the dollars roll in. American debt is the most valuable debt in the world.
"July 14, 2008: I think this is a case where Freddie Mac and Fannie Mae are fundamentally sound. They're not in danger of going under. They're not the best investment these days from a long term standpoint going back. I think they are in good shape going forward. They're in the housing market. I do think their prospects going forward are very solid."
-Barney Frank
Newt is actually speaking on this now he is saying that this looks to be all a scandal interesting...
Edit wow he is making way too much sense! Posting the bill online would be great! And he is showing the nongovernment solution.
Last edited by The King Of Peasants; September 30, 2008 at 05:28 PM.
"July 14, 2008: I think this is a case where Freddie Mac and Fannie Mae are fundamentally sound. They're not in danger of going under. They're not the best investment these days from a long term standpoint going back. I think they are in good shape going forward. They're in the housing market. I do think their prospects going forward are very solid."
-Barney Frank
except it won't. In the grand scheme of things the economy is operating around it's equlibrium. What everyone is pissed off about is that they can't spend beyond there means. It doesn't mean everyone is broke and it doesn't mean we can't spend more in the future. Right now we just have to cool it and grow the economy soundly. It's not going to collapse because there is just too much money there. I hate this stupid idea of collapse especially in any industrialized western economy. They don't happen.Dropping 7% in one day, then only going back up a couple of percent isn't entirely strong...if they keep falling more than they go up...
Sure I've been called a xenophobe, but the truth is Im not. I honestly feel that America is the best country and all other countries aren't as good. That used to be called patriotism.
The Great depression happened, America was just as rich, and just as dominant then as we are now. Hell, even as the crash was starting, leading economics experts, entrepreneurs, etc, were professing complete optimism. Their optimism didn't mean much, because the collapse still happened.
I think collapse has happend:
http://en.wikipedia.org/wiki/Great_depression
Ad astra per alia porci.
Alexander remains Great however, not perhaps nice, but Great. Conon394
An open society can only be as virtuos as the people living in it. George Soros