Down down to goblin town.
Posted on 06/04/2012 6:29:29 AM PDT by SoFloFreeper
Just saw the futures make a very dramatic turnaround...from -280 to mildly positive.
I figured the negatives were because of Japan...did something happen to turn the futures around?
PPT
Soros did say he “expected” another 3 months of good times before SHTF
I lost my shirt on the slots at the casino last week, but this morning, I hit 2-cherries on the first pull...
(Not really - I don’t go to the casino any more — but the metaphor holds... ;))
Soros did say he “expected” another 3 months of good times before SHTF
Looks like the Plunge Protection Team jumped in early.
The -280 was Dow futures, the Market had not opened here yet. It’s showing up by 16.84 points. But not for long, thanks Omuslim!
Agreed... it’s just too soon in the timeline for a precipitous drop. It’s scheduled for further into the Fall timeframe.
Two Words: "Sucker Rally"
So, will they have anything left at 2 this afternoon when all the same problems exist with all the same idiots making them worse with every “solution” they come up with?
Are you sure you were looking at futures and not Friday’s close?
Where did you see the DJIA futures on Monday morning down 280?
That would have been a misprint.
I suspect what you are quoting is the DJIA futures from Friday’s trading.
I was wondering the same thing actually. Radio was announced some -250 on the futures...now show nearly the same gains? Rather odd.
Electronic trading searching for fractions of a cent returns can drive the market up or down as retail trading has pretty much disappeared. The computer program results are what you are seeing on the DOW at large.
It’s Monday, we’ve opened up the last 3 Mondays off of bad Fridays.
We’ll see if it holds through the day. Even if it does it might be a good time for selling or going short.
That was ‘left over’ from Friday...They dont trade over the weekend.
Use http://www.bloomberg.com/markets/stocks/futures/
or http://www.cnbc.com/id/17689937/site/14081545/
US Futures start trading in Asia around Sunday 5PM central
They jumped in Friday night after the market closed, and they have been working around the clock since then to keep it propped up. Two -2% days in a row are strictly forbidden.
What, you think that the PPT doesn't buy and sell futures?
Why is oil coming down? It is all for Obama.
“The dealer was showing a six...how did he end up with 21?” :)
The Fed meets June 20th. The only reason equity markets have been up at all for the past three years is: printing, printing and more printing, accompanied by interest rate suppression and debt monetization via Federal Reserve purchases of Treasury bonds.
Should the market slide extend itself (and especially if short US bond rates go negative), I think it likely that we'll get one more injection of QE liquidity - i.e. - another dose of monetary heroin from our friendly neighborhood dope dealer, Bennie "The Pump" Bernanke.
And it will work - for a brief time; far briefer in fact than the last "fix", which has worn off and left the economy shivering, curled up in the fetal position, sweating and rocking back and forth. After that, there's nothing left but withdrawal. And it's gonna hurt like hell.
QE3 is a done deal.
Yup. Another "stimulus". Printing more money. Whatever you want to call it.
Down down to goblin town.
Dead Cat Bounce????
Yes, it will happen. Will it start before or after the election in November?
You are not crazy, no matter what these late risers say. I heard the announcement on the radio this morning at 5am. Futures were down over 280pts. I just checked a few other finance forums and the threads have been deleted!
Do a search, you may still find a few workable links...I don’t have time and by the time I do...it will have all been wiped away.
The Fox News Futures ticker in the morning has been all screwed up recently. Somebody needs to take a look at it. I turn to the Fox Business Channel to get the correct reading in the morning. If you don’t get Fox Business, you can switch for a few minutes to CNBC to get a correct futures reading.
No, you were not the only one to notice the flip:
http://www.godlikeproductions.com/forum1/message1888130/pg1
Wow! Just flipped from -280 to -19! Guess the PPT is getting am early start.
Dow is down apprx 400 points since Thursday, down apprx 1,300 points since May 1st.
The “Dead Cat Bounce”
Now down 24.34
I know.
word on wall street is that Scott Walker survives the recall election tomorrow in a landslide, Obamacare gets waxed next week and a deal is in the works with romney transition to fix taxmaggedon....
Worth reading Zerohedge for up to date information on this sort of question.
It’s a “sky is falling, doom is here” alarmist group of folks (largely libertarian it seems), but they are right about a lot of stuff and update constantly with every little market move:
It’s been a rigged casino for several years now.
Wait 5 minutes.
So, how bad does Obama get beat in November?
Markets in Europe didn’t plunge? I think the very bad futures were based on expectations from Japan’s plunge. Europe’s non-catastrophic opening probably put away jitters of a Black Monday-type panic.
More bad factory data. Ours and China's.
—Why is oil coming down? It is all for Obama.—
I’m gonna guess that oil, silver, gold and stocks are all going down as measured in dollars because thanks to fewer and fewer people willing to catch the falling knife in Europe, everyone’s going to the dollar, temporarily jacking up its value.
So all those commodities are not worth less. Rather, the dollar is just worth a lot more. Wait’ll before the election when the impact of “printing” dollars really kicks in. ;-)
See my #45. We said it differently and brought up different specifics, but I think we are on the same page.
The latest line of crap-—
U.S. stocks nosed higher to start Monday trading, getting a lift from reports European leaders were moving closer to some sort of bailout for Spain’s fragile banking system, but hemmed in by weak Chinese services sector activity and Friday’s disappointing U.S. jobs report.
Institutions taking advantage of the drop on Friday. Up 22 is pretty much flat, but there are buying opportunities that can drive it back up after a big drop.
Well, I told you so, in a post to FR yesterday:
“Market will sell off early, bargain hunters will come in the afternoon, averages may well end unchanged.”
As it turns out, it turned around earlier than I expected. The Dow was down only 60 points, and now it is nearly even.
Remember, the market factors in all known information. Did anything startling happen over the weekend? No. So it is equally like to go up or go down.
I’m still waiting to buy, if the prices hit my targets.
http://www.freerepublic.com/focus/f-news/2891315/posts
BIG MISS: April Factory Orders Fall 0.6%, Ex-Cars Fall 1.1%
Read more: http://www.businessinsider.com/april-factory-orders-2012-6#ixzz1wpopSZ3s
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