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DOW up at opening bell!

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jefferson_dem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-03-09 09:35 AM
Original message
DOW up at opening bell!
Edited on Tue Mar-03-09 09:48 AM by jefferson_dem
Have we reached "the bottom"?

http://money.cnn.com/data/markets/dow/?
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Baikonour Donating Member (979 posts) Send PM | Profile | Ignore Tue Mar-03-09 09:36 AM
Response to Original message
1. It's early.
The cons won't get around to manipulating the markets till afternoon.
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GarbagemanLB Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-03-09 09:37 AM
Response to Original message
2. The market is chaos right now. Who knows where it will be going today.
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Drunken Irishman Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-03-09 09:38 AM
Response to Original message
3. You just jinxed it and now all the money lost to day will be your faulr.
Good going, how does it feel?

:P
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jefferson_dem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-03-09 09:42 AM
Response to Reply #3
5. Ouchies...
:(.

Tha' hurt...

:)
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tekisui Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-03-09 09:39 AM
Response to Original message
4. Great, time to sell!
Up is better, but I don't see a reason to celebrate yet.
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Skink Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-03-09 09:48 AM
Response to Original message
6. what is the plunge protection team doing these days?
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AngryAmish Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-03-09 09:51 AM
Response to Original message
7. Stimulus is working!!! Thank you Obama!!!
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LiberalFighter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-03-09 10:05 AM
Response to Original message
8. Why can't the people involved in screwing up the stock market do like they did in the 29 crash?
Jump out the window you damn scumbags.

Mind you... just the scumbags that made this happen. Including the ones that speculated on the price of oil.
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Jennicut Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-03-09 10:54 AM
Response to Reply #8
12. I would love that. Or at least some self punishment
like a good spanking or something.
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LiberalFighter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-03-09 12:55 PM
Response to Reply #12
15. Like the albino monk in "The DaVinci Code"?
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Jennicut Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-03-09 05:02 PM
Response to Reply #15
18. Yeah, go Opus Dei on themselves!
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mmonk Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-03-09 10:06 AM
Response to Original message
9. Only time will tell. Usually, a bottom is reached through capitulation.
We haven't had that yet I don't think.
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uponit7771 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-03-09 10:39 AM
Response to Reply #9
10. What do you think the signs would be? Gold is down, 10yr is up, consumer spending is up for 1st
...time in 7 months...

I think there are some signs of a turn around but I remain skeptical.
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Kurt_and_Hunter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-03-09 11:38 AM
Response to Reply #10
14. I'll wait for three consecutive months of flat or higher home prices
(The number of home sales, rather than price, is a poor indicator because foreclosure auctions do sell some units but are not necessarily a good sign of a rebound.)

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mmonk Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-03-09 01:00 PM
Response to Reply #10
16. There are some signs we could be reaching an end.
I was expecting one last irrational run to a bottom.
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Renew Deal Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-03-09 10:43 AM
Response to Original message
11. Happy days are here again!
:silly:
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Freddie Stubbs Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-03-09 11:21 AM
Response to Original message
13. It is now down almost 1/2%
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jefferson_dem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-03-09 02:55 PM
Response to Original message
17. Wall St mostly inches up after Obama's comments
Wall St mostly inches up after Obama's comments
Tue Mar 3, 2009 12:46pm EST

NEW YORK (Reuters) - U.S. stocks mostly edged higher on Tuesday after President Barack Obama said share prices are potentially a good deal at current levels, offsetting persistent uncertainty about plans to shore up the financial system.

U.S. Treasury Secretary Timothy Geithner said the Obama administration will evaluate potential costs to stabilize banks as more information becomes available, in testimony before a congressional panel.

http://www.reuters.com/article/hotStocksNews/idUSTRE50K4DA20090303
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