DOW monitoring thread; how well is rate cut working?

[ghengis86]

down already....9:40AM EST

DOW112.86-1.19%
9,334.25
NASDAQ24.52-1.40%
1,730.36
S&P 50013.43-1.35%
986.70

so why do they call him helicopter ben?

 

[RonPaulCentral]

down already....9:40AM EST

DOW112.86-1.19%
9,334.25
NASDAQ24.52-1.40%
1,730.36
S&P 50013.43-1.35%
986.70

so why do they call him helicopter ben?

Submarine Ben

 

[ItsTime]

 

[ryanduff]

I see the DOW in the positive at 9:48AM... The PPT can only stop this for so long. The market will correct itself by the end of the day.

 

[Aratus]

day three... its spiking again

http://money.cnn.com/data/markets/dow/ it went down to 9,213 and
now its zigzagging up. today might see a climb or more of the same...

 

[RonPaulCentral]

Lol ---- Titanic Ben

 

[ryanduff]

9600! What a sucker spike...

 

[ghengis86]

I see the DOW in the positive at 9:48AM... The PPT can only stop this for so long. The market will correct itself by the end of the day.

Agreed. my question is, even with Ben cutting interest rates and pumping cash through the term lending window and the other bailouts, how will he force banks to lend? put a gun to their heads and say "make bad loans now!"?

from what i've seen here, on lewrockwell.com and mises.org, banks are hoarding this new cash.

 

[wizardwatson]

I predict the market will close low today for fear of short-seller snap back (whether or not there will actually be one tomorrow).

 

[ghengis86]

after being up almost 150, back down almost one hundred.

these rate cuts become more and more ineffective

 

[Bruno]

Wow. 1 new high, almost 1500 new lows.

 

[acptulsa]

...banks are hoarding this new cash.

The bailout is working splendidly, I see. The rich are getting still richer while the national debt grows exponentially.

If that isn't their primary goal, they really have been screwing up the last three decades...

 

[angelatc]

from what i've seen here, on lewrockwell.com and mises.org, banks are hoarding this new cash.

Which, I might point out, is exactly what Cowsley said ;ast week that they were going to do. He was watching the credit markets.

If Bernanke wanted the banks to get off the cash, why would he cut rates? That means they're going to be forced to earn less?

 

[angelatc]

after being up almost 150, back down almost one hundred.

these rate cuts become more and more ineffective

It's like heroin.

 

[rockjoa]

They are preparing to inject more, but the patient is dying.

 

[acptulsa]

They are preparing to inject more, but the patient is dying.

Inject enough adrenalin into a dying patient and your injection will kill it. How many people are losing faith in the market because the national debt just went up another seven hundred billion freaking dollars?

 

[angelatc]

They are preparing to inject more, but the patient is dying.

We need a diuretic, not more water.

 

[angelatc]

Inject enough adrenalin into a dying patient and your injection will kill it. How many people are losing faith in the market because the national debt just went up another seven hundred billion freaking dollars?

IF they're losing faith in the market then they're idiots. The market works just fine. It's people that are mucking it up.

 

[Aratus]

the DOW seems to be spiking up again ---9,312
day 3 --- http://money.cnn.com/data/markets/dow/

 

[armstrong]

Last night on Fast Money,,,it was said ( at current rate drops (average daily ) it would take 19 days to get to zero....) are we ready?