Posted on 01/22/2008 5:29:53 AM PST by Perdogg
it will be replaced with the Amero...
For the non-MBA types that’s what??? 0.75% ??
“Buy! Buy! Buy!”
Naaaah. Not yet. Not enough suckers panicking. Get ready to refi your house, though.
Hope it doesn’t get to that point.
The Plunge Protection Team was probably printing money all weekend.
Let’s see if it does any good ...
You’re welcome. Yahoo is on a delay, which makes the information largely useless.
he will not be getting the fed fund rate.
Yahoo’s Finance page seems to have a weird refresh problem. It keeps showing the Dow at around 4000 after initially showing it in the 11000’s.
Freaked me out at first. :) Anyone else run into this or is it just me?
CNN breaking news:
Stocks plunged at the opening bell, with the Dow industrials losing more than 400 points in the first two minutes of trading
Try this,
Here’s a link that’s a lot closer to real time. Yahoo is aptly named.
http://moneycentral.msn.com/investor/market/usindex.aspx
It's still going to take time for the shakeout, a bear market 'easing' in, mortgage rates and credit card rates will hold steady, then the rates will go up hopefully soon to hold off the evil inflation thing to stop the slide on the US dollar.
Wait for it....
Wait for it....
Actually, that 3/4 point cut was perfectly timed. The world can’t sell off the dollar, because it’s too busy buying them in their own panics, which appear to be about twice the size of ours. So in the end we get our washout, and we end up on top. As usual.
OK, here’s what a lot of people don’t know about the markets:
There are futures markets that continue trading what are called “index futures” overnight, as well as pre-market and post-market trading on electronic markets.
The 500 point adjustment was the result of the futures markets last night (like when you were going to bed in the US) and the pre-market trading brought the DJIA (and other stocks) into the opening levels you saw when 0930 EST came around and the “normal” market opened.
So to a retail investor looking at the NYSE at 0930 to 0935, it looks like “it moved huge in five minutes” but to the pro’s — the move is over, done, etc — it happened in the prior 12 hours. The antique NYSE is simply catching up to where the markets already are.
Initial sucker dive. It’s at around 330-350 down, which is 2.7- 2.8% down. It’ll be interesting to see if it stabilizes there, or if the lemming start running for the cliff.
CNN loves it’s sensationalism.
The Japanese crash affected all the other markets, the US market in particular.
C'mon that was no depression. Talking abut hyperbole. I lived through that time period also.
Nah. Their software or data provider is just broken.
The pro’s don’t look at such things, and most of the action you’re seeing isn’t being done by retail (ie, home) investors. It is being done by pro’s.
The pro’s use their own data sources or Bloomberg terminals.
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