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Dow in a free fall

hillsdown

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Wall Street closed sharply higher Tuesday after a fitful day of wild, heavy trading.

In its biggest one-day advance in two years, the Dow Jones industrial average managed to end the day up nearly 430 points to 11,239. The 4% gain recovered a large chunk of Monday’s 634.85 point, or 5.5%, Dow decline.

Maybe ??? Fingers crossed that it keeps improving ,then for sure am out . :roll:
 

Tam

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hillsdown said:
Wall Street closed sharply higher Tuesday after a fitful day of wild, heavy trading.

In its biggest one-day advance in two years, the Dow Jones industrial average managed to end the day up nearly 430 points to 11,239. The 4% gain recovered a large chunk of Monday’s 634.85 point, or 5.5%, Dow decline.

Maybe ??? Fingers crossed that it keeps improving ,then for sure am out . :roll:

This morning the DOW was up over 200 then by noon right after the FED made their announcement it was down by 200 then came back to over 400 up. That is one very mixed up market and we can only hope Obama stays on vacation and stays off the TV so it can recover a bit more before he opens his mouth and tanks it again like he did Monday. :roll:
 

Steve

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No surprises here. The U.S. Federal Reserve held its key interest rate unchanged on Wednesday when it released its monetary policy statement,

Meanwhile, the Fed maintained its key line about interest rates – that economic conditions "warrant exceptionally low levels for the federal funds rate for an extended period,"

translation.. interest rates will stay at or about zero until 2013.. as no recovery is in sight..
 

Mike

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The stock market is openly rigged. The Fed is pumping our money into it.

Well, with what USED to be our money....................................
Bernanke made the comments at a forum sponsored by the Federal Deposit Insurance Corp., the government agency that backs bank deposits. He was asked by moderator Steve Liesman of CNBC about whether the Fed's announced plans to purchase $600 billion of additional Treasuries, a policy known as quantitative easing or QE2 because it is the second round of such purchases, was driving up stock and commodity prices.

"I do think that our policies have contributed to a stronger stock market, just as they did in March of 2009," he said, referring to the Fed's initial round of quantitative easing.


He pointed out that since he signaled the Fed would likely unveil QE2 during a speech in Jackson Hole, Wy., that the Russell 2000 of small cap stocks is up 30%, even more than the 15% to 20% rise in blue chip indexes.

"A stronger economy helps smaller businesses," he said.

Critics of the Fed say that QE2, by pumping more money into the economy, has driven asset prices higher but done little to improve the economic outlook.

"While QE1 and QE2 have worked wonders on the stock market, their impact on GDP and jobs has been anemic at best," said Madeline Schnapp, director of Macroeconomic Research at TrimTabs Investment Research.
 

Tam

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Could the 600 point swing in 90 minutes in the end of the day be because the FED left the door wide open to a QE3? From reports it sounds like they said the interest rates were staying the same AND they would do what ever they could to help the economy out.
 

Mike

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Tam said:
Could the 600 point swing in 90 minutes in the end of the day be because the FED left the door wide open to a QE3? From reports it sounds like they said the interest rates were staying the same AND they would do what ever they could to help the economy out.

Could be. And we may never know. Am I a conspiracist? No. But I know a crook when I see him.
 

Steve

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Tam said:
Could the 600 point swing in 90 minutes in the end of the day be because the FED left the door wide open to a QE3? From reports it sounds like they said the interest rates were staying the same AND they would do what ever they could to help the economy out.

I would say the market reacted positively to the fed comments..

the market is looking for several things right now.. stability.. .which was given in part to interest rates being held at or near 0%

and most importantly more money pumped into the market..

the fed gave them what they wanted

but today.. 10907.41 -332.36‎ (-2.96%‎) Aug 10 3:26pm ET

it trended down..
 

Tam

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Steve said:
Tam said:
Could the 600 point swing in 90 minutes in the end of the day be because the FED left the door wide open to a QE3? From reports it sounds like they said the interest rates were staying the same AND they would do what ever they could to help the economy out.

I would say the market reacted positively to the fed comments..

the market is looking for several things right now.. stability.. .which was given in part to interest rates being held at or near 0%

and most importantly more money pumped into the market..

the fed gave them what they wanted

but today.. 10907.41 -332.36‎ (-2.96%‎) Aug 10 3:26pm ET

it trended down..

The Stock market trashing that came today was reportedly because the banks in FRANCE had bad reviews.
 

hopalong

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Blame BUSH oldtimer and obama do, but then both of them are really clueless :D
 

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