DOW Thread for the day
- Thread starter ghengis86
- Start date
MikeStanart
Member
- Joined
- Jul 11, 2007
- Messages
- 2,284
What the hell is going on? It's not normal to come back that quick, is it?
UtahApocalypse
Member
- Joined
- May 11, 2007
- Messages
- 6,991
I thought I was dreanming. Woke up CNN showed us only down 86 pts. Read emial and have breaking news alert that dow opened with a 500+ drop. Now im watching it slide back down again.
things will be mild, trading a couple hundred in the negative all day, then in the last hour, another big sell off for the weekend.
rest assured that the gov. will announce some assinine measures this weekend that will further prolong the depression
rest assured that the gov. will announce some assinine measures this weekend that will further prolong the depression
thomaspaine23
Member
- Joined
- Jun 1, 2007
- Messages
- 346
Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.
Surely some revelation is at hand;
Surely the Second Coming is at hand.
The Second Coming! Hardly are those words out
When a vast image out of "Spiritus Mundi"
Troubles my sight: somewhere in sands of the desert
A shape with lion body and the head of a man,
A gaze blank and pitiless as the sun,
Is moving its slow thighs, while all about it
Reel shadows of the indignant desert birds.
The darkness drops again; but now I know
That twenty centuries of stony sleep
Were vexed to nightmare by a rocking cradle,
And what rough beast, its hour come round at last,
Slouches towards Bethlehem to be born?
-- William Butler Yeats, "The Second Coming"
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.
Surely some revelation is at hand;
Surely the Second Coming is at hand.
The Second Coming! Hardly are those words out
When a vast image out of "Spiritus Mundi"
Troubles my sight: somewhere in sands of the desert
A shape with lion body and the head of a man,
A gaze blank and pitiless as the sun,
Is moving its slow thighs, while all about it
Reel shadows of the indignant desert birds.
The darkness drops again; but now I know
That twenty centuries of stony sleep
Were vexed to nightmare by a rocking cradle,
And what rough beast, its hour come round at last,
Slouches towards Bethlehem to be born?
-- William Butler Yeats, "The Second Coming"
nobody's_hero
Member
- Joined
- Jan 23, 2008
- Messages
- 10,909
Well, Bush is speaking now. I've got the NYSE website open.
I'm almost scared to see how the markets will react to his blabbering.
I'm almost scared to see how the markets will react to his blabbering.
Razmear
Member
- Joined
- May 21, 2007
- Messages
- 4,023
They are manipulating the presentation of the Dow data to make it look better than it is.
The dow is down about 800 points from yesterday at 4PM which is the numbers they usually display and were displaying on Yahoo til a few minutes ago.
The numbers they are showing now are the amount down from todays Open which is only about 125pts.
I've never seen the numbers calculated this way before and first noticed it when Bloomberg was reporting 200 down while Yahoo was saying 1000. I guess they got to Yahoo to tell them to refigure the method to make things look a little better.
Of course these numbers all dropped more as I was typing this cuz the chimp was on TV
eb
edit 1: preparing screen shot evidence......
The dow is down about 800 points from yesterday at 4PM which is the numbers they usually display and were displaying on Yahoo til a few minutes ago.
The numbers they are showing now are the amount down from todays Open which is only about 125pts.
I've never seen the numbers calculated this way before and first noticed it when Bloomberg was reporting 200 down while Yahoo was saying 1000. I guess they got to Yahoo to tell them to refigure the method to make things look a little better.
Of course these numbers all dropped more as I was typing this cuz the chimp was on TV
eb
edit 1: preparing screen shot evidence......
Last edited:
thomaspaine23
Member
- Joined
- Jun 1, 2007
- Messages
- 346
Berlusconi Says Leaders May Close World's Markets (Update1)
By Steve Scherer
Oct. 10 (Bloomberg) -- Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world's financial markets while they ``rewrite the rules of international finance.''
``The idea of suspending the markets for the time it takes to rewrite the rules is being discussed,'' Berlusconi said today after a Cabinet meeting in Naples, Italy. A solution to the financial crisis ``can't just be for one country, or even just for Europe, but global.''
http://www.bloomberg.com/apps/news?pid=20601087&sid=aP5mpMUORBWM&refer=home
By Steve Scherer
Oct. 10 (Bloomberg) -- Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world's financial markets while they ``rewrite the rules of international finance.''
``The idea of suspending the markets for the time it takes to rewrite the rules is being discussed,'' Berlusconi said today after a Cabinet meeting in Naples, Italy. A solution to the financial crisis ``can't just be for one country, or even just for Europe, but global.''
http://www.bloomberg.com/apps/news?pid=20601087&sid=aP5mpMUORBWM&refer=home
Scribbler de Stebbing
Member
- Joined
- May 12, 2007
- Messages
- 2,657
I can't get any trades through on my brokerage site, not even a cancel of a previous limit order, which means I can't put in a sell order. Arg!
Can you elaborate on this a bit? how are the bogus calculations done compared to the correct calcs? and where does the 800 drop factor in (or not)? thanks!
From LRC.com: when presidents speak, markets go into free fall
"Posted by Michael S. Rozeff at 09:30 AM
Phil O'Connor reminds me of what he calls "the bear's best friend," which is an appearance by the president to reassure the public. Almost nothing can induce panic more than that.
I remember when past Presidents would remark on the stock market, and they would fall (with a few temporary exceptions) -- no matter what he said or what actions he promised.
It's always a sign of desperation. The remarks always reveal the pitiful inadequacy, confusion, and bewilderment of the president. He has no inkling of what is happening or why, and neither do his advisors. This always comes across to viewers viscerally. They see that the man, whoever he is, is clueless when it comes to economics and even more clueless when it comes to the stock market.
A dyed-in-the-wool liberal with tears in his eyes once told me the effect that FDR's speech had on him (the only thing we have to fear is fear itself). The time was 1933. Okay, he had an impact for some unknown reason, at least on such liberals. Maybe everyone even stopped fearing for 10 seconds. Instead they simply suffered for another 15 years or so"
"Posted by Michael S. Rozeff at 09:30 AM
Phil O'Connor reminds me of what he calls "the bear's best friend," which is an appearance by the president to reassure the public. Almost nothing can induce panic more than that.
I remember when past Presidents would remark on the stock market, and they would fall (with a few temporary exceptions) -- no matter what he said or what actions he promised.
It's always a sign of desperation. The remarks always reveal the pitiful inadequacy, confusion, and bewilderment of the president. He has no inkling of what is happening or why, and neither do his advisors. This always comes across to viewers viscerally. They see that the man, whoever he is, is clueless when it comes to economics and even more clueless when it comes to the stock market.
A dyed-in-the-wool liberal with tears in his eyes once told me the effect that FDR's speech had on him (the only thing we have to fear is fear itself). The time was 1933. Okay, he had an impact for some unknown reason, at least on such liberals. Maybe everyone even stopped fearing for 10 seconds. Instead they simply suffered for another 15 years or so"
reduen
Member
- Joined
- Sep 1, 2007
- Messages
- 3,359
I know this may be a stupid question but you are kidding right...?
If not, maybe there is just too much activity.
FindLiberty
Member
- Joined
- Aug 7, 2007
- Messages
- 5,439
I plan to start buying when the DJIA drops under 1000.
JohnJay
Member
- Joined
- Sep 26, 2008
- Messages
- 270
I know this may be a stupid question but you are kidding right...?
If not, maybe there is just too much activity.
I believe her . . . it WILL be like that, people won't be able to sell fast enough.
Even a limit order gets bypassed over when it moves fast, and you are sold lower.
Razmear
Member
- Joined
- May 21, 2007
- Messages
- 4,023
Just finished the screenshot....
EDIT: This is a Yahoo technical issue, not a deliberate cover up. Yahoo has since changed the Open number.
When I checked Yahoo right after open, they were basing the drop on the 9261 number, they are now basing the drop on the 8579 number which makes things look better than what they really are.
eb
Last edited:
Similar threads
