Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Holy crap.....the DOW is UP 383!!!

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
a kennedy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:20 PM
Original message
Holy crap.....the DOW is UP 383!!!
I usually post when it tanking....this is kinda nice....and I know it'll change tomorrow.
Printer Friendly | Permalink |  | Top
Liberal_in_LA Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:21 PM
Response to Original message
1. This thread was neg reccd in record time. I wonder why
Printer Friendly | Permalink |  | Top
 
Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:22 PM
Response to Original message
2. It'll roll off before the close, too
but I'll be sure to check my portfolio tonight. It will be fun to be rich for a day.
Printer Friendly | Permalink |  | Top
 
tblue Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:22 PM
Response to Original message
3. Wish I had something to sell! nt
Printer Friendly | Permalink |  | Top
 
aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:22 PM
Response to Original message
4. Why?
Printer Friendly | Permalink |  | Top
 
elleng Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:29 PM
Response to Reply #4
10. Agreement in Europe.
Printer Friendly | Permalink |  | Top
 
Shagbark Hickory Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:22 PM
Response to Original message
5. Yay! Obama saved the economy!
I knew he would.
Printer Friendly | Permalink |  | Top
 
elleng Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:31 PM
Response to Reply #5
13. Merkel+ did.
Printer Friendly | Permalink |  | Top
 
0rganism Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:37 PM
Response to Reply #13
18. if the DOW were down 300 points, the MSM would be blaming Obama
so we may as well sing his praises when it goes up.
Printer Friendly | Permalink |  | Top
 
eridani Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 09:55 PM
Response to Reply #18
36. How about doing neither, since ups and downs are not relevant to the real economy. n/t
Printer Friendly | Permalink |  | Top
 
elleng Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:24 PM
Response to Original message
6. Pleased about apparent 'resolution' in Europe,
Happy the ADULTS are able to address serious issues seriously (UNLIKE some other places.)
Printer Friendly | Permalink |  | Top
 
louis-t Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:24 PM
Response to Original message
7. Everything is so automated now.
So many have software that shows what the "big investors" are doing and mimics them.
Printer Friendly | Permalink |  | Top
 
edhopper Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:25 PM
Response to Original message
8. GDP is better than expected
and Europe offers a solution that doesn't completely suck, at least to investors.
Should be a good 4th quarter, but after that....?
Printer Friendly | Permalink |  | Top
 
nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:26 PM
Response to Original message
9. European banks and rescue package
Same thing in Europe
Printer Friendly | Permalink |  | Top
 
ClarkUSA Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:29 PM
Response to Original message
11. Gallup reported unemployment dropped significantly for the second month in a row to 8.3% today.
Edited on Thu Oct-27-11 02:29 PM by ClarkUSA
Printer Friendly | Permalink |  | Top
 
kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:30 PM
Response to Original message
12. Europe...
The Euro has been saved.
Printer Friendly | Permalink |  | Top
 
Roland99 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:31 PM
Response to Original message
14. Hopium-inspired melt-up. won't last long...can't last long.
Printer Friendly | Permalink |  | Top
 
dmallind Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:59 PM
Response to Reply #14
20. Read the same things two plus years ago. How long is long to you?nt
Printer Friendly | Permalink |  | Top
 
Roland99 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 03:02 PM
Response to Reply #20
21. It's been, what, a month? As soon as the European "rescue" is uncovered for what it is...watch out.
Edited on Thu Oct-27-11 03:03 PM by Roland99
two months? three, tops?

European banks have 8 months to increase capital by $150 billion but Germany needs more than that on its own!

They need nearly $2 Trillion (US) to recapitalize to get their leveraged ratio down to even 13:1
http://www.zerohedge.com/contributed/greek-deal-pointle...


Guess they'll be chasing "Chopper Ben" in the race to the bottom to devalue their currency.

Printer Friendly | Permalink |  | Top
 
dmallind Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 04:18 PM
Response to Reply #21
26. Nope - read the dead cat bounce meltdown schtick at 8k, 9k, 10k and 11k too not just EU rescue. nt
Printer Friendly | Permalink |  | Top
 
Roland99 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 04:31 PM
Response to Reply #26
27. Because the markets are constantly feeding off the rumors.
Greece's default has been delayed and delayed and delayed again. It's still not over.

Add in that mutual fund outflows are huge and with HFT algos involved and weak volume, it's obvious this rally has no standing.

We're very likely looking at the right shoulder forming.

Printer Friendly | Permalink |  | Top
 
dmallind Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 04:34 PM
Response to Reply #27
29. So no doubt you've put a fortune into shorts then? If not why not?
And nobody had heard of Greece beyond a tourist destination and the butt of sheep jokes when doomers first started calling "sucker rallies" 4000 pts ago or so.
Printer Friendly | Permalink |  | Top
 
Roland99 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 07:15 PM
Response to Reply #29
34. You must not wade into the Stock Market Watch thread in LBN or other financial resources
like ZeroHedge, Nouriel Roubini, Daily Reckoning, calculatedrisk, etc.

the problems with Greece have been known for a long time...just largely ignored by the M$M (and the ECB)


As for shorts...they've pretty much all been squeezed out at this point. Although, being long in this rally wouldn't be a prudent move.

Printer Friendly | Permalink |  | Top
 
A HERETIC I AM Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 10:08 PM
Response to Reply #34
37. LOL!
"the Stock Market Watch thread in LBN or other financial resources"


LOL...The SMW thread is a Financial Resource?!?


Yeah. Sure.

It is what it is, and it is several things but a "resource" ain't one of them.

What I find so amusing about that little group of self appointed "watchers" is NOT ONE OF THEM called the bottom in March of '09.

Not one. They call all sorts of tops (all the time, in fact) but never any market bottoms.
Printer Friendly | Permalink |  | Top
 
dmallind Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 11:35 PM
Response to Reply #37
39. To be fair, neither do their doomer heroes like Kunstler and Roubini. nt
Printer Friendly | Permalink |  | Top
 
Roland99 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-28-11 08:06 AM
Response to Reply #37
44. Just like all the CNBC morons who keep calling the housing market bottom?
It's hard to call an actual bottom, esp. the way the markets reply on a whiff of a rumor and shoot up 400pts on nothing.
Printer Friendly | Permalink |  | Top
 
Roland99 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-28-11 08:08 AM
Response to Reply #37
45. And, yes, the SMW is a resource...there's a wealth of info collected there each day
as well as other sites.

Doesn't take much to realize the markets, if not 100% rigged, are at the very least stacked in favor of HFTs and the big investment houses, not the average guy putting 2-3% of his salary into a 401(k)

Printer Friendly | Permalink |  | Top
 
A HERETIC I AM Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-28-11 09:26 PM
Response to Reply #45
46. Bollocks. It's a coffee klatch.
Sure, I'll give you that fact that the regulars collect articles, but that doesn't make it a resource. It makes it a coffee klatch.

Thomson Reuters is a resource. Bloomberg is a resource. Morningstar is a resource. The SMW thread is a tiny, close (and closed) knit group of sycophants who have over the years, constantly and consistently misinterpreted basic information on securities and how they work and REGULARLY belittle anyone new who happens to wander in there and state an opinion contrary to the running meme.

You had and have regulars in there who, on a regular basis, insult the rest of the DU membership in numerous ways, including suggesting that anyone posting in GD on financial matters that goes against what is preached in that thread is somehow part of an "echo chamber" (a phrase I have seen used in that thread repeatedly)

If the market goes down, it is what it should be doing.
If the market goes up, it is the "Plunge Protection Team" swooping in and saving the day.

If the market goes down, the smug, self important sentiment of that little group is "See? WE told you so"
If the market goes up, it is "Hedge funds gone wild" (As a thankfully long gone regular used to say every time such an event occurred) or it is the result of, as you mentioned, the markets being simply rigged or the result of rumors.

Unfortunately for most of the casual readers of that thread, a fair percentage of the regular posters on it wouldn't know preferred stock from livestock, don't understand how the bond market works and can not or will not grasp how the Federal Reserve conducts itself.

It's a coffee klatch. And it is a PRIVATE coffee klatch. And woe unto the poor sap who happens to wander in there and say the wrong thing. That group will run him or her off, tut suite. I've seen it happen, over and over.
Printer Friendly | Permalink |  | Top
 
banned from Kos Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-28-11 10:01 PM
Response to Reply #46
48. Best rant I've ever read here. And the Doomers at ZeroHead who stuck with FAZ
calling all the banks "zombies" while the bank index doubled are the most clueless broke idiots I have ever seen.
Printer Friendly | Permalink |  | Top
 
A HERETIC I AM Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-28-11 10:27 PM
Response to Reply #48
49. Thanks.
What amazes me about so many on DU who comment on the market is that they always seem to give the advice to get out when things are bad, but never buy when things are cheap.


"Buy what's cheap. Sell what's expensive". Best investing advice I ever heard.

Printer Friendly | Permalink |  | Top
 
dmallind Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 11:34 PM
Response to Reply #34
38. Or I simply take perpetual doomers with a pinch of salt. Shorts all "squeezed"? Utter tosh! nt
Printer Friendly | Permalink |  | Top
 
1776Forever Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:31 PM
Response to Original message
15. Too bad this doesn't mean "good times" for everyone - Not just those with stocks in their pockets.
I have nothing against someone making money - just like to see those at the bottom get a break too.
Printer Friendly | Permalink |  | Top
 
a kennedy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 03:27 PM
Response to Reply #15
24. and my retirement fund, not a lot, but what little I have is happy
:bounce:
Printer Friendly | Permalink |  | Top
 
ClarkUSA Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:34 PM
Response to Original message
16. "U.S. economy grew since July at fastest rate in a year"
Printer Friendly | Permalink |  | Top
 
Dover Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:35 PM
Response to Original message
17. Well it's kind of like a ship sailing in very rough seas....up and down.
But just because a wave has lifted it up momentarily doesn't mean it's out of danger.
Printer Friendly | Permalink |  | Top
 
FBaggins Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:46 PM
Response to Original message
19. That's 15% in about three weeks.
You may not have posted for awhile. :)
Printer Friendly | Permalink |  | Top
 
JoePhilly Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 03:07 PM
Response to Original message
22. Obama hates Business!!!! ..... wait, what??? Never mind.
The right wing babbling that Obama is a socialist who hates business will struggle with this.
Printer Friendly | Permalink |  | Top
 
moondust Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 03:15 PM
Response to Original message
23. We're all gonna be rich!!!!
Or not...

:rofl:
Printer Friendly | Permalink |  | Top
 
KT2000 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 04:02 PM
Response to Original message
25. This is the setup for
another one of their sweeps. A select few will no doubt sell off bundles and clean up leaving the casual investor wiped out again. They seem to be happening more frequently.
Hope I am wrong though.
Printer Friendly | Permalink |  | Top
 
dmallind Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 04:31 PM
Response to Reply #25
28. So the casual investor should do the same thing no?
Timing absolute peaks and troughs is a fools errand but it doesn't take a Soros brain or a Soros wallet to say "geez these guys manipulate the DJIA up to 12 and then back down to 10.5 again and again to catch suckers - so why don't I put in standing orders to buy and sell index funds at that level".

Printer Friendly | Permalink |  | Top
 
KT2000 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 11:57 PM
Response to Reply #28
41. Their computers
are faster than yours.
You don't have a chance. You have to trade big orders fast.
Printer Friendly | Permalink |  | Top
 
white_wolf Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 04:35 PM
Response to Original message
30. Why do I suspect this will help the rich while hurting the working class?
Edited on Thu Oct-27-11 04:36 PM by white_wolf
I'll be very curious to see how the people of Greece feel about this, if it is accompanied by more austerity they will likely be very angry, and rightly so. For sake of clarity I should point out that I was referring to the rescue packages passed in Europe.
Printer Friendly | Permalink |  | Top
 
sarcasmo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 04:52 PM
Response to Original message
31. Up on the news from Europe.
Printer Friendly | Permalink |  | Top
 
BOG PERSON Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 05:03 PM
Response to Original message
32. i guess those trading-computers are in a really good mood today, huh?
Printer Friendly | Permalink |  | Top
 
Mnemosyne Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 05:56 PM
Response to Original message
33. Does this mean a freakishly large drop soon? I don't gamble, but it seems to work
that way.
Printer Friendly | Permalink |  | Top
 
dmallind Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 11:36 PM
Response to Reply #33
40. And in reverse too, or we wouldn't be up 50%+ in a bit over two years. nt
Printer Friendly | Permalink |  | Top
 
Dover Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 07:18 PM
Response to Original message
35. Oh joy! Can't wait to get back to the status quo! ..n/t
Printer Friendly | Permalink |  | Top
 
donheld Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-28-11 12:10 AM
Response to Original message
42. And this helps who?
Printer Friendly | Permalink |  | Top
 
Nye Bevan Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-28-11 09:48 PM
Response to Reply #42
47. Me. My 401k, at least. (nt)
Printer Friendly | Permalink |  | Top
 
Amonester Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-28-11 12:15 AM
Response to Original message
43. And this planet will be able to sustain human life 383 days
LESS

Than it did yesterday

Why should I feel better?
Printer Friendly | Permalink |  | Top
 
Imajika Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-28-11 10:34 PM
Response to Original message
50. Interestingly enough, since OWS began...
...the bulls have been running wild on Wall Street and we just had perhaps the best month in decades.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Apr 24th 2014, 05:18 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC