Skip to comments.Dow Futures Down 226 After Obama Fiscal Cliff Speech
Posted on 12/28/2012 3:27:14 PM PST by WashingtonSource
Dow Futures Live
As on 28-Dec-2012 18:15:18 EDT
12,777 -226.00 -1.77%
(Excerpt) Read more at dowfutures.org ...
yer a girl, right?
Q:What’s the diff between the Obamahole and a normal human Obamahole?
A: More useful stuff comes out of the human Obamahole.
There is no lower life form in the multiverse than the Obamahole/felon/cretin/dork/etc/etc/etc.
He is slime, he is a sandworm, he is feces, he is smegma....
Really!! I guess Reggie is back in Washington.
The wrecked plane represents the “esconomy”.....the guy represents I don’t know....All the guys will look buff and have talent.
I’m sorry...I didn’t intend my comment to turn into a coming out party;-)
OK, I’m confused. Why does the Bloomberg futures say March 13? Is the other one (above) for March 13 also — as they are both down 226.
It’s his dictatorial way he said it was why the markets were spoofed.
This is what was blocked: Blackhole Exploit Kit Detection
A “futures” contract is an agreement to pay a certain price for a stock, or index fund, on a certain date IN THE FUTURE. March 13, 2013 date is the the strike date of the contract. However, it seems that the futures price usually translates into the opening price move on the next day of trading.
Thanks — I thoght Futures were usually posted on Sunday night — I just haven’t seen one so far in the future for DOW — just commodities — but then I’m new at this. So I can feel comfortable putting that -226 in an e-mail. Thanks again.
i don’t think he crashed in to say “hello, miss!”
Sorry but this is not accurate. At 3:40pm , with the Dow down about 80 points, but stable, Eamon Jafers went on CNBC from the White House and announced that based on his sources the President would not offer any new proposals. This really disappointed the markets because the perception was why come back from Hawaii if there wasn’t movement towards an agreement (remember that the House Reps were told to be back in town to vote on Sunday). This greatly disappointed the markets and the sell-off accelerated.
The futures selloff beyond that was a piling on due to low volume late in the session (if you wanted as a portfolio manager or hedge fund manager to either get short or lighten up positions you couldn’t when the market was open because there wasn’t enough volume to trade against. So those managers decided to sell futures against their position, resulting in this plunge after-hours. If it is a hedge against a long position it does not necessarily mean the sell-off will occur on the opening Monday.
The real issue as i see it is that Obama now looks like a fool for coming back to D.C. without a deal already decided. This looks like grandstanding to Wall Street (and they are right about that). It makes him look ineffective and the next wave will be whether the overseas investors pull money out Monday morning. The only saving grace in all this is that market participation is still pretty soft, which should limit some of the damage next week.
I like using R Lee Ermeys line from FMJ:
You are pukes.
You are the lowest form of life on earth.
You’re not even (censored) human beings.
You’re nothing but grabastic pieces of amphibian (fecal matter).
Except Gunny was working with raw material to make Marines. The material of liberals are not even worth the matter they excrete.
Oh this going to be classic thread. Notice he is mission in action, what did he do... go hide under the bed.
Not to worry. There’s not going to be a coming out party. I’ve figured out what happened. And the explanation for the how the link appeared is so weird, no one is going to believe it, so I’m not going to even try to explain.
I will say this much to add grist to the mill. The guy in the photo is one of the stars of the recently released Cirque de Soleil Worlds Away movie that was just released a few days ago.
Besides, the comments have been hysterically funny. No one has LOL’d more then me. Maybe next time I’ll mistakenly post a link to a leprechaun.
I thought the futures market came into play after the market closed at the end of the day — and ahead of the market opening in the morning. Nobama came on TV at 5:45 pm. The futures crashed after that, as I understand it. The 227 point plunge in futures down to 12,777 is in addition to the 158 points the market fell during trading hours, when it closed below 13,000 at 12,938.
I’m not entirely sure what it all means. Maybe someone else has a better understanding of the futures market.
The market closed at 4:00pm; the futures sell-off pretty much happened right after the close, WAY before Obama spoke. I’m a money manager and was watching this live. I stand by the belief the futures fall was tied to institutional managers wanting to hedge against their long positions.