Another Angle to Today's Close

Stk trder and the rest of those who think rate cuts are great for this market, you are insane, rate cuts arent going to do anything for this market, I have said this over and over and over again, aside from that the only thing that is going to fix this crisis is TIME.
 
Rate cuts are little more than symbolic at this point, IMO. However, our resident permabull may have a point about bad news being priced in.

Quote from S2007S:

Stk trder and the rest of those who think rate cuts are great for this market, you are insane, rate cuts arent going to do anything for this market, I have said this over and over and over again, aside from that the only thing that is going to fix this crisis is TIME.
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Quote from stock_trad3r:

Nope. Markets gonna surge later this week. Ben the dog is gonna cut by 1/2 points and that is good for a 500 point rally at least. Then GDP will come in good and the market will rally another 400 points on that, too.

There are tons of econ events this week and all of them will be better than expected:

http://biz.yahoo.com/c/e.html

Bad news is already priced in
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Hey heads up, did you know it is allowed to make money trading in BOTH directions? :eek:

:D :D :D
 
I had no clue that the fake financial crisis would eventually annihilate every sector. I never saw it coming so I held. But the short trade is over. Thats what the experts are saying. Motley fool says to buy as well as seeking alpha and kudlow. The downside at this stage does seem very limited.
 
Quote from stock_trad3r:

Nope. Markets gonna surge later this week. Ben the dog is gonna cut by 1/2 points and that is good for a 500 point rally at least. Then GDP will come in good and the market will rally another 400 points on that, too.

There are tons of econ events this week and all of them will be better than expected:

http://biz.yahoo.com/c/e.html

Bad news is already priced in
More...

Gotta say, I admire your unwavering dedication to being a bull in this type of market. Every thread I've seen you post on you have the same outlook.

I'm on the other end of the fence.

~telengard
 
I know people will get a kick out of this but im serious. reason the market dumped at 3:55pm was becuase Ted Stevens was found guilty on all counts.

Look at the move in Big oil at the same time.
But a guilty republican is not good for Mcain, palian or the whole republican party for the election.
 
Quote from KeithOmalley:

I know people will get a kick out of this but im serious. reason the market dumped at 3:55pm was becuase Ted Stevens was found guilty on all counts.

Look at the move in Big oil at the same time.
But a guilty republican is not good for Mcain, palian or the whole republican party for the election.
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Hmm possibly but the intrade numbers haven't budged and Alaska was already voting McCain anyway. However, mccain will stick it out till the end.
 
Quote from stock_trad3r:

Hmm possibly but the intrade numbers haven't budged and Alaska was already voting McCain anyway. However, mccain will stick it out till the end.
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I don’t care about Alaska. I care that people will see one of the most Sr. Republicans convicted of fraud. Your gonna hear about this for the next week out of every democrat whose running for office. Its only 7 days left, and the market has moved higher based on “good polling by mccain” on 1 day last week

McCain already lost the election, but this will not help the chances of republicans running and increases the chance of enough dems to get past a filibuster

I understand it could be chance the market tanked, but big cap oil stocks moved even more, that confirms it.
 
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