Stock Market

MaTH716 · #1 10-24-2008, 08:10 AM

Looking like another bloodbath. Hopefully we get some sort of rally today.

dalakhani · #2 10-24-2008, 08:19 AM

Quote:

Originally Posted by MaTH716

Lookig like another bloodbath. Hopefully we get some sort of rally today.

I was just about to post something. Limit down on futures.

Okay, bright sides. Dollar strengthening and oil getting killed. Beyond that...

dalakhani · #3 10-24-2008, 08:32 AM

Nasdaq opens at about 7% down.

This is going to be ugly.

dalakhani · #4 10-28-2008, 07:04 PM

Now the market jumps almost 1000 pts...for no reason.

They will be talking about these last two months for centuries.

SCUDSBROTHER · #5 10-28-2008, 07:08 PM

Quote:

Originally Posted by dalakhani

Now the market jumps almost 1000 pts...for no reason.

They will be talking about these last two months for centuries.

Nothing happens for no reason.

dalakhani · #6 10-28-2008, 07:14 PM

Quote:

Originally Posted by SCUDSBROTHER

Nothing happens for no reason.

Yeah, of course not. Everyone knows the fed is going to loosen another 50 bps and after the last couple of days, obviously there were some shorts to cover...and then come the lemmings and voila...bear market rally.

#7 10-28-2008, 07:37 PM

Its recession time.
Its just hard to figure if the market has adequately
assessed the recession severity. I think we go down more.
These job loses and companies closing are not tangible enough
yet.

SCUDSBROTHER · #8 10-28-2008, 08:24 PM

Quote:

Originally Posted by dalakhani

Yeah, of course not. Everyone knows the fed is going to loosen another 50 bps and after the last couple of days, obviously there were some shorts to cover...and then come the lemmings and voila...bear market rally.

That's quite a rally. Election is a week away.