8/8 Stock Market thread *EDIT* Lets watch what happens 8/9 now

[dmcowen674]

Dow dump for the day down 389

Nasdaq down 105

S&P down 46

Oil still at $97 - Gas prices have been rising 5 to 15 cents every night

Regular - Chicago now $4.69 to $4.89 Suburbs $3.75 to $3.99

Gold down 25 to 1775

 

[senseamp]

Time for GOP to filibuster another jobs bill.

 

[Doppel]

Oil still at $97 - Gas prices have been rising 5 to 15 cents every night

Liar.

 

[Darwin333]

Time for GOP to filibuster another jobs bill.

What will that do about Europe's debt crisis or our financial institutions exposure to it?

 

[Darwin333]

If by "market" you mean the HFT algos passing liquidity back and forth on rumors and mere expectations of a rumor, then none of this should be a surprise.

While I agree with you on the HFT scam, today was about Italy's bond rates hitting the "magic" 7% number. Europe be fucked, we be next. Just sit back and enjoy the ride.

 

[Thump553]

Am I the only one who sees this as massive market manipulation by the big guys. They (with their microsecond transactions) always make money on market movements-up or down, so long as it goes on for a while.

After all the entire world was tied in knots with worry about Greece for weeks. Greece represents 3% of the European economy. Immediately after the Greek problem was "resolved" (and it really isn't) Italy moves to the forefront.

When Italy is done that will be about the time of the supercommittee deadline (11/23), time for a good old USA debt crisis redux.

 

[sm625]

UGA, (US Gasoline Fund) is right at the halfway point between the low of the year, and the high of the year. But it is still 50% (!) above where it was when QE2 was announced. UGA has formed a bullish flag. The market is clearly anticipating some kind of QE3. Nowhere is this more evident than with oil/gasoline.

Oh, posting this to gloat:

And almost all of QE2 comes off in 5 days. Funny that. What's really funny is that the stock market is still up 10% over a year ago. Based on absolutely nothing. Technically though, for those with giant brass balls now is the time to buy.

 

[dmcowen674]

Dow dropping -down 182 so far

 

[Londo_Jowo]

Dow dropping -down 182 so far

OMG, that will probably cause oil prices to drop and your "Drive for $5" campaign to fail yet again.

 

[Thump553]

Trade volume (so far) this week-which has been a general decline-has been extremely light.

 

[dmcowen674]

Looks like final for day

Dow down 236

Nasdaq down 61

S&P down 26

Gold nearly flat but now below $1,700

Oil down nearly 2% to 96

 

[HendrixFan]

No update for us today? I'm really curious how the market looks right now.

 

[Thump553]

Dave was much too busy Monday (when Dow jumped 291 points, 2.6&#37 or today (currently up 400 points) to comment.

He's the guy who only goes outside when it's raining and then claims the weather here is always terrible.

 

[Londo_Jowo]

Don't worry McOwned will be in to post that oil is over $100/bbl and gas in Chicago has jumped $0.50/gal in the past couple of hours. He will also post a link they shows ebil Republicans are driving the Dow skywards and reaping the profits.

 

[dmcowen674]

No update for us today? I'm really curious how the market looks right now.

Oil is over $100.

Gas in Chicago has jumped 44 cents in the past couple of days.

Rich Republicans on here getting richer.

11-30-2011

http://finance.yahoo.com/news/centr...BzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

U.S. Federal Reserve agrees to provide cheaper dollar funding to the European Central Bank

The new dollars have the potential to spark inflation-which could result in higher interest rates

2PM

DOW up 397 3.4%

Nasdaq up 80 3.3%

S&P up 38 3.2%

Gold up $32 1745 1.85%

Oil up over $100

 

[Saint Nick]

Don't worry McOwned will be in to post that oil is over $100/bbl and gas in Chicago has jumped $0.50/gal in the past couple of hours. He will also post a link they shows ebil Republicans are driving the Dow skywards and reaping the profits.

Lmfao. Totally called it ^

 

[IndyColtsFan]

LOL, Dave is such a tool. Londo read him like a book.

 

[RbSX]

Well it's official, the markets have gone from mostly to completely retarded. There's a major disconnect between equity movements and the macroeconomic environment.

But hey, so long as the global ponzi scheme is still in full swing, why not, right?

 

[Thump553]

While I would argue that the late summer downturn and especially the serial crises in Europe are either a mark of irrationality or of market manipulation, I'm reminded of what John Maynard Keynes once said: "The markets can stay irrational longer than you can stay solvent."

 

[dmcowen674]

Gold dropped $100 today

Oil down $6 to $94