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powers that be doing everything they can to get market to close above 10

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mikelgb Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 02:58 PM
Original message
powers that be doing everything they can to get market to close above 10
Edited on Mon Oct-06-08 02:58 PM by mikelgb
what a rally
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Gman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 02:59 PM
Response to Original message
1. It's probably the short-sellers buying up cheaper stock
that they ran down the value on.

This is going to give short-selling a real bad name real soon.
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Marsala Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 03:11 PM
Response to Reply #1
10. Didn't they ban short selling?
It was suspended for financial stocks; I suppose it can still be done for other stocks.
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TahitiNut Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 03:15 PM
Response to Reply #10
11. They only (temporarily) prohibited naked shorts in specific funancial stocks.
A 'naked' short sell is one where the seller doesn't own or borrow (from a broker) enough shares to cover the sell.

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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 02:59 PM
Response to Original message
2. Buy Maalox! Buy Zantac! Buy Tumms!
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Democrats_win Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 03:00 PM
Response to Original message
3. Yes, they finished stronger this time after being down 700(?) at one time.
One wonders if any ordinary American was screwed by this up and down day.
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dbt Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 03:02 PM
Response to Original message
4. Plunge Protection Team Sweats BBs
Gargantuan Effort Pares Loss To Acceptable Propaganda Levels

Bu$hler Touts Bailout Success

Monkeys Fly Out Of Cheney's Ass

Phlegm at 11:00...

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dbt Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 03:10 PM
Response to Reply #4
9. Or not!
:evilgrin:

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Geek_Girl Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 03:04 PM
Response to Original message
5. So was this DUer'
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spinbaby Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 03:07 PM
Response to Original message
6. Looks like be closed below 10,000.
I know what the lead story on tonight's news will be.


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tekisui Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 03:08 PM
Response to Original message
7. They didn't make it. 9959 at close, and still falling as they process the final sells.
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gratuitous Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 03:10 PM
Response to Original message
8. It appears they succeeded for now
A whopping 14 points above 10,000, for whatever psychological effect that will have for overnight. Because tomorrow morning, the blood bath will continue as scheduled. Even playing with $700 billion in free money, the financial powers that be aren't going to be trusting each other anytime soon. Also, the part of the bill that restrict participants in the Money Game from overcompensating their CEOs isn't playing well with those great, patriotic captains of industry. I mean, sure, they're all for the United States and its standing in the world, but if it means putting their ability to buy a personal jet at risk, well, there's still a few dollars running around some poor pockets.
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panAmerican Donating Member (864 posts) Send PM | Profile | Ignore Mon Oct-06-08 03:15 PM
Response to Original message
12. I was saying THE SAME THING!!!!!!!!! But in the end, it just wasn't happening.
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