Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

DJIA Positive @ Close 8/16/07
Yahoo Biz ^ | August 16, 2007 | Staff

Posted on 08/16/2007 1:00:37 PM PDT by abb



TOPICS: Business/Economy; News/Current Events
KEYWORDS: djia; market; stocks
Navigation: use the links below to view more comments.
first 1-5051-87 next last
Dead cat bounce?
1 posted on 08/16/2007 1:00:40 PM PDT by abb
[ Post Reply | Private Reply | View Replies]

To: abb

What a wild and wacky ride!


2 posted on 08/16/2007 1:02:05 PM PDT by marvlus
[ Post Reply | Private Reply | To 1 | View Replies]

To: abb

We can call this the “Dead ‘Rat Bounce”..............


3 posted on 08/16/2007 1:02:09 PM PDT by Red Badger (All I know about Minnesota, I learned from Garrison Keilor..................)
[ Post Reply | Private Reply | To 1 | View Replies]

To: abb
Whooo!

Mike

4 posted on 08/16/2007 1:02:37 PM PDT by MichaelP (Buy, Buy, Buy...PLEASE!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: abb

This is just nuts. 350 point swings don’t make for happy financial industry workers.


5 posted on 08/16/2007 1:02:48 PM PDT by July 4th (A vacant lot cancelled out my vote for Bush.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: abb

Look at the volume chart. Heaviest volume on the upside late in the day. Good sign.


6 posted on 08/16/2007 1:02:54 PM PDT by NeoCaveman ("I mean, he's gone from Jane Fonda to Dr. Strangelove in one week." - Romney on B. Hussein Obama)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Badger

LOL. Looks like it’s gonna print just barely in the green.


7 posted on 08/16/2007 1:03:04 PM PDT by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
[ Post Reply | Private Reply | To 3 | View Replies]

To: abb

How come CNN’s business page is still showing the Dow down 300+ points?


8 posted on 08/16/2007 1:03:22 PM PDT by rightwingintelligentsia
[ Post Reply | Private Reply | To 1 | View Replies]

To: abb

Does this mean we are NOT all going to die?


9 posted on 08/16/2007 1:03:26 PM PDT by WakeUpAndVote (Got Towel?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: abb

Nope. Ain’t gonna hold. Just barely in the red.


10 posted on 08/16/2007 1:03:47 PM PDT by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
[ Post Reply | Private Reply | To 7 | View Replies]

To: abb

..I don’t think so....a dead cat bounce is usually a rally from the start....used to be a broker many moons ago and rarely saw a 343 point turn around....much more difficult to ascertain......more like S&P yield is way up now, short covering.....stocks like Washington Mutual now have yields of 7% or so......that is a deal......


11 posted on 08/16/2007 1:03:51 PM PDT by NorCalRepub
[ Post Reply | Private Reply | To 1 | View Replies]

To: abb
Not gonna make it...

Mike

12 posted on 08/16/2007 1:04:00 PM PDT by MichaelP (Buy, Buy, Buy...PLEASE!)
[ Post Reply | Private Reply | To 7 | View Replies]

To: WakeUpAndVote; Lazamataz
Does this mean we are NOT all going to die?

WE'RE ALL GONNA LIVE!

It just doesn't sound as dramatic

13 posted on 08/16/2007 1:04:28 PM PDT by NeoCaveman ("I mean, he's gone from Jane Fonda to Dr. Strangelove in one week." - Romney on B. Hussein Obama)
[ Post Reply | Private Reply | To 9 | View Replies]

To: abb

There’s been an awful lot of doom and gloom reported on the FR (and shared by some Freepers).

Looks like, around 3 pm, those who didn’t believe the hype decided to pick up some bargains.


14 posted on 08/16/2007 1:04:55 PM PDT by kidd
[ Post Reply | Private Reply | To 1 | View Replies]

To: abb
Dead cat bounce?

Massive short covering in the financials and a "melt-up".

15 posted on 08/16/2007 1:04:57 PM PDT by Snardius
[ Post Reply | Private Reply | To 1 | View Replies]

To: July 4th

That’s OK, they get paid rather well.

I wonder how many cancelled vacations?


16 posted on 08/16/2007 1:05:18 PM PDT by listenhillary (millions crippled by the war on poverty....but we won't pull out)
[ Post Reply | Private Reply | To 5 | View Replies]

To: abb

CNN’s not gonna like this...


17 posted on 08/16/2007 1:05:32 PM PDT by RabidBartender (Al-Qaeda doesn't need an intelligence network. They have the U.S. media.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: rightwingintelligentsia
How come CNN’s business page is still showing the Dow down 300+ points?

Because they're Clymers.

18 posted on 08/16/2007 1:05:50 PM PDT by Hillarys Gate Cult (The man who said "there's no such thing as a stupid question" has never talked to Helen Thomas.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Snardius

Exactly.


19 posted on 08/16/2007 1:05:59 PM PDT by sheana
[ Post Reply | Private Reply | To 15 | View Replies]

To: abb

PPT? ;)


20 posted on 08/16/2007 1:06:04 PM PDT by Mr J (All IMHO.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: abb

The Plunge Control Team had to delay their weekend one more day.


21 posted on 08/16/2007 1:06:08 PM PDT by RightWhale (It's Brecht's donkey, not mine)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MichaelP

S & P gonna be green. I’ll take it.


22 posted on 08/16/2007 1:06:10 PM PDT by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
[ Post Reply | Private Reply | To 12 | View Replies]

To: abb
but, but, but, but

we wanted a total economic meltdown....
*liberal pundit heads exploding*

23 posted on 08/16/2007 1:06:10 PM PDT by The_Victor (If all I want is a warm feeling, I should just wet my pants.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: rightwingintelligentsia

CNN has been placed in the Cosmic Deep Freeze until they pay up.


24 posted on 08/16/2007 1:07:46 PM PDT by RightWhale (It's Brecht's donkey, not mine)
[ Post Reply | Private Reply | To 8 | View Replies]

To: abb

Market’s reacting to Jenna Bush’s engagement.


25 posted on 08/16/2007 1:08:09 PM PDT by AU72
[ Post Reply | Private Reply | To 1 | View Replies]

To: abb

If the Fed makes an emergency cut many don’t want to be left short. Much of this was an attempt to pull cash out and get liquid. Am hearing that end of day move was heavy short covering. Tomorrow should be a good day for longs but get ready to move on a dime.

end of transmission


26 posted on 08/16/2007 1:08:13 PM PDT by HockeyPop
[ Post Reply | Private Reply | To 1 | View Replies]

To: rightwingintelligentsia

Because they are journalist losers pulling hard for the failure of America?


27 posted on 08/16/2007 1:08:28 PM PDT by EyeGuy
[ Post Reply | Private Reply | To 8 | View Replies]

To: abb

HPQ beats estimates...up after hours


28 posted on 08/16/2007 1:08:54 PM PDT by HockeyPop
[ Post Reply | Private Reply | To 1 | View Replies]

To: listenhillary
I wonder how many cancelled vacations?

The "adults" are in the Hamptons...the adolescents have been trading this market for the past few weeks. Wait for some significant upside when the adults return after Labor Day.

29 posted on 08/16/2007 1:09:13 PM PDT by Snardius
[ Post Reply | Private Reply | To 16 | View Replies]

To: NeoCaveman
Heaviest volume on the upside late in the day. Good sign.

Glenn Beck was saying this morning that he had been hearing about a lot of big buys occuring in recent days at around 3:00 PM.

30 posted on 08/16/2007 1:09:21 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: abb
S & P gonna be green. I’ll take it.

It's something anyway. I hope we're nearing the bottom...

Mike

31 posted on 08/16/2007 1:09:28 PM PDT by MichaelP (Buy, Buy, Buy...PLEASE!)
[ Post Reply | Private Reply | To 22 | View Replies]

To: rightwingintelligentsia
How come CNN’s business page is still showing the Dow down 300+ points?

Out of FAX paper for the Democrat Talking Points memo or the FAX line is down between CNN and the DNC.

32 posted on 08/16/2007 1:09:34 PM PDT by N. Theknow (Kennedys: Can't drive, can't fly, can't ski, can't skipper a boat; but they know what's best for us)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Snardius

I’ve told myself a number of years in a row to bow out of the market before the last week of July and jump back in the 3rd week of August.

But I never listen to what I say. I’m in for the long haul and still have 20 more years.(maybe)


33 posted on 08/16/2007 1:12:00 PM PDT by listenhillary (millions crippled by the war on poverty....but we won't pull out)
[ Post Reply | Private Reply | To 29 | View Replies]

To: N. Theknow

Well, this is all very good for “Wall Street” but what about “Main Street?” Are they really benefiting? \sarcasm


34 posted on 08/16/2007 1:12:21 PM PDT by Snardius
[ Post Reply | Private Reply | To 32 | View Replies]

To: abb

Everything was on sale.. dud you miss the rush?


35 posted on 08/16/2007 1:13:31 PM PDT by xcamel ("It's Talk Thompson Time!" >> irc://irc.freenode.net/fredthompson)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DuncanWaring
Glenn Beck was saying this morning that he had been hearing about a lot of big buys occuring in recent days at around 3:00 PM.

Interesting. This might be a case of wealth going back to its "rightful owners".....

36 posted on 08/16/2007 1:13:54 PM PDT by NeoCaveman ("I mean, he's gone from Jane Fonda to Dr. Strangelove in one week." - Romney on B. Hussein Obama)
[ Post Reply | Private Reply | To 30 | View Replies]

To: abb

All that volume at the end is encouraging. People were buying even as the price was rising.


37 posted on 08/16/2007 1:13:58 PM PDT by gridlock (ELIMINATE PERVERSE INCENTIVES)
[ Post Reply | Private Reply | To 1 | View Replies]

To: xcamel

dud == did
(stupid fingers)


38 posted on 08/16/2007 1:13:59 PM PDT by xcamel ("It's Talk Thompson Time!" >> irc://irc.freenode.net/fredthompson)
[ Post Reply | Private Reply | To 35 | View Replies]

To: NeoCaveman
We're all gonna
make a bunch of money
and buy cool cars
and cruise the hot chicks
and vacation in the Riviera
and take up scuba diving
and golf
and buy lobsters!!!!
You're right. Less dramatic.
39 posted on 08/16/2007 1:14:12 PM PDT by Lazamataz (JOIN THE NRA: https://membership.nrahq.org/forms/signup.asp)
[ Post Reply | Private Reply | To 13 | View Replies]

To: listenhillary

Always remember...emotion is a contrarian indicator


40 posted on 08/16/2007 1:15:46 PM PDT by Snardius
[ Post Reply | Private Reply | To 33 | View Replies]

To: xcamel

Believe this if you want, but I had pulled up the Schwab page 15 minutes before the close and almost pulled the trigger. But I didn’t. I think the lows will prolly be tested again soon.


41 posted on 08/16/2007 1:15:54 PM PDT by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
[ Post Reply | Private Reply | To 35 | View Replies]

To: MichaelP; abb

As close to a hammer as you can get.

Good news, however, it will take a week or so to confirm the bottom.


42 posted on 08/16/2007 1:16:42 PM PDT by melancholy (Quiz: name one country, other than the USA, that doesn't control its borders.)
[ Post Reply | Private Reply | To 31 | View Replies]

To: abb

This has been a strange selloff. What you’d call the climax volume day happened quite awhile back. Then we retraced 50% with fairly decent accumulation, sold off again and eventually made a triple bottom, then just poked thru that on relatively low volume. It looked more like a lack of buying than selling.


43 posted on 08/16/2007 1:17:19 PM PDT by Free Vulcan (Fight the illegal Mexican colonizers & imperialist conquistadors! Long live the resistance!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Snardius

I just don’t look at my 401K when the market is down. It’s not going to change anything checking the balance.


44 posted on 08/16/2007 1:17:51 PM PDT by listenhillary (millions crippled by the war on poverty....but we won't pull out)
[ Post Reply | Private Reply | To 40 | View Replies]

To: gridlock
People were buying even as the price was rising.

Is that like saying, "the market went up because there was more buying than selling."?

45 posted on 08/16/2007 1:18:40 PM PDT by Snardius
[ Post Reply | Private Reply | To 37 | View Replies]

To: All

Insana pontificating now on CNBC. He’s so full chit.


46 posted on 08/16/2007 1:18:59 PM PDT by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
[ Post Reply | Private Reply | To 43 | View Replies]

To: abb

full *of* chit.


47 posted on 08/16/2007 1:19:35 PM PDT by abb (The Dinosaur Media: A One-Way Medium in a Two-Way World)
[ Post Reply | Private Reply | To 46 | View Replies]

To: Snardius

It’s like saying that people were willing to continue buying even at the higher price. Rising prices and rising volume at the end of the day indicated pent-up demand. Tomorrow should be a good day.


48 posted on 08/16/2007 1:20:13 PM PDT by gridlock (ELIMINATE PERVERSE INCENTIVES)
[ Post Reply | Private Reply | To 45 | View Replies]

To: abb

Maybe he lost his a$$ in the financials’ short squeeze, especially if he shorted late. LOL


49 posted on 08/16/2007 1:21:02 PM PDT by melancholy (Quiz: name one country, other than the USA, that doesn't control its borders.)
[ Post Reply | Private Reply | To 46 | View Replies]

To: gridlock

I was just funnin’ you...:)


50 posted on 08/16/2007 1:21:33 PM PDT by Snardius
[ Post Reply | Private Reply | To 48 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-87 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson