Watch the DOW, yesterday it came up, after 200 B infusion

[nadinbrzezinski]

today it is about to go into the red, not quite under 12,000 yet, but we have an hour to go.

It went all the way to 12300 for the day, and about to go negative.

THE PPT ain't working

[AndyA]

1. No, it ain't working.

And the Fed will no doubt keep throwing money at it.

In reality, all they're doing is tossing gas on the fire. The damage has been done, it will not be undone so easily.

[Warpy]

2. It's in the red

This was the shortest and one of the most expensive sucker rallies in history, wasn't it?

[aquart]

3. PPT? I'm slow today. What's PPT?

[nadinbrzezinski]

4. Plunge Protection Team

[aquart]

17. Ah.

Still confused.

[nadinbrzezinski]

20. Their job is to pump money into the market

to prevent these losses, the Canucks discovered it.

[tekisui]

5. Plunge Protection Team.

[tekisui]

6. They've tried it all. We're fucked.

The absurd interest rate cuts bought a few weeks. Printing 200Bil in new money for the banks lasted a day.

[Zorra]

7. The Feds just gave the biggest crooks in the world most of our money

so that the rich could get richer.

Now it's gone, and there's not a damn thing we can do about it.

End of story.

[nadinbrzezinski]

8. My lord, it looks like it is on free fall in the last hour

it might even loose one hundred plus in an hour

[displacedtexan]

9. -37.12 -0.31% right now.

Heavy sigh.

[nadinbrzezinski]

10. That's not the point, it is the trend

it is back on it down trend

[tekisui]

11. Before the money was pumped in, the Dow was down 16% for the past 5 months.

[nadinbrzezinski]

13. This is why I am watching it

Let's see if it can claw itself to the green in the last seven minutes

It will be a really BAD sign if it stays in the red and both of us know it

[Speck Tater]

12. So if $200 billion buys us ONE DAY in positive territory...

If we want the stock market to stay positive for a whole week that will cost us a trillion dollars. Hmmm. Seems like a real bargain to me.

:sarcasm:

[nadinbrzezinski]

14. I know,

and the pollyananas are still going it is not that bad...

[ThomWV]

15. Down 50. Guess a Billion or two doesn't buy what it used to.

Its robbery you know. Pure and simple robbery.

[nadinbrzezinski]

16. Yeah, here are the final numbers

Facts Column
MARKET SUMMARY
US
EUROPE
ASIA
Dow 12,111.30 -45.51 -0.37%

Nasdaq 2,243.87 -11.89 -0.53%

S&P 500 1,308.89 -11.76 -0.89%

10 Yr Bond(%) 3.4830% -0.1130


And this is after 2B... folks the down trend is back

[aquart]

18. Would it go up if Bush/Cheney resigned tomorrow?

Seriously. Would that restore confidence?

[nadinbrzezinski]

19. Perhaps, but we also have systemic problems

like the ever so popular national debt

But I could see a short term rally that might win the feds some wiggle room.

What would restore confidence is the return to good fiscal policies

[aquart]

21. Which would be....?

Not being facetious. I know it's an area where there is plentiful argument.