The Rate Cut Didn't Help. Trading Was Halted @ 4 AM. WE'RE ALL GONNA DIE!

2456

Comments

  • spiral out
    spiral out Posts: 1,052
    jlew24asu wrote:
    why shouldn't I be? we are riding this storm out much better then international markets. fed will probably cut rates again in a few days. has to be a bottom somewhere. looks like I came pretty close huh buddy

    So you think everything is going to be fine a few days?
    Keep on rockin in the free world!!!!

    The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    spiral out wrote:
    Your very confident.

    hate to say it, but JLew is actualy right here.

    We look to have put in a bottom.

    Keep in mind thats like being a worker at a blasting pit, and after the last stick of dynomite gets lit, you jump in and go ... "yeah bob. its a bottom!" ... of course there is plenty of dynomite left unaccounted for ... so it may not hold long.


    But for now we're looking good ... support holding on the down side ... and the market swinging wildly trying to test new highs.

    :D
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • jlew24asu
    jlew24asu Posts: 10,118
    spiral out wrote:
    So you think everything is going to be fine a few days?

    depends on your definition of "fine"
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    jlew24asu wrote:
    depends on your definition of "fine"

    yeah.
    the downside of this is we are REALLY fighting fire with fire here.

    The market is suffering from easy credit woes, and what is the solution?

    The fed is throwing money at it like a gameshow host gone mad.

    What we will see is another sad bust here in the future.
    Maybe a dollar bust, too. Which would make this little market bust look like small potatos.

    :eek:
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • jlew24asu
    jlew24asu Posts: 10,118
    DriftingByTheStorm wrote:
    yeah.
    the downside of this is we are REALLY fighting fire with fire here.

    The market is suffering from easy credit woes, and what is the solution?

    The fed is throwing money at it like a gameshow host gone mad.

    What we will see is another sad bust here in the future.
    Maybe a dollar bust, too. Which would make this little market bust look like small potatos.

    :eek:

    rates have been lower then this. and they will probably cut again, but that should be it. inflation has to stay down...thats the real killer.
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    jlew24asu wrote:
    rates have been lower then this. and they will probably cut again, but that should be it. inflation has to stay down...thats the real killer.

    You mean price stability has to remain, i think.

    Cause rate cut EQUALS inflation.

    The question is if we can keep price stability through it all.

    :D
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • RolandTD20Kdrummer
    RolandTD20Kdrummer Posts: 13,066
    Dump it all into LMT and HAL, once they hit Iran, it'll all fly off the charts...

    http://www.guardian.co.uk/nato/story/0,,2244782,00.html
    Progress is not made by everyone joining some new fad,
    and reveling in it's loyalty. It's made by forming coalitions
    over specific principles, goals, and policies.

    http://i36.tinypic.com/66j31x.jpg

    (\__/)
    ( o.O)
    (")_(")
  • my2hands
    my2hands Posts: 17,117
    RolandTD20Kdrummer wrote:
    Dump it all into LMT and HAL, once they hit Iran, it'll all fly off the charts...

    http://www.guardian.co.uk/nato/story/0,,2244782,00.html


    there is at least one person in this thread who has admitted to profiting from war stocks...
  • LikeAnOpeningBandForTheSun
    LikeAnOpeningBandForTheSun Posts: 6,097
    you fuckers just keep buying video games and I'll be ok. :)
  • RolandTD20Kdrummer
    RolandTD20Kdrummer Posts: 13,066
    my2hands wrote:
    there is at least one person in this thread who has admitted to profiting from war stocks...


    It's tempting from the money perspective, but ultimately disgusting.
    Progress is not made by everyone joining some new fad,
    and reveling in it's loyalty. It's made by forming coalitions
    over specific principles, goals, and policies.

    http://i36.tinypic.com/66j31x.jpg

    (\__/)
    ( o.O)
    (")_(")
  • jlew24asu
    jlew24asu Posts: 10,118
    DriftingByTheStorm wrote:
    You mean price stability has to remain, i think.

    Cause rate cut EQUALS inflation.

    The question is if we can keep price stability through it all.

    :D

    I meant after the next rate cut (in a few days) they need to stop, to fend off inflation....
  • jlew24asu
    jlew24asu Posts: 10,118
    my2hands wrote:
    there is at least one person in this thread who has admitted to profiting from war stocks...

    michael moore posts here?
  • fanch75
    fanch75 Posts: 3,734
    DriftingByTheStorm wrote:
    You mean price stability has to remain, i think.

    Cause rate cut EQUALS inflation.

    The question is if we can keep price stability through it all.

    :D

    Well yeah, that's how we got into this mess...the low rates made prices (ie the principal being financed) rise. People buying shit/houses they couldn't really afford...coupled with the expectation that it'd go up forever so "I'd better buy now before that $200k house is $250k next year!"

    I understand trying to stop the bleeding (relieving credit woes by forcing rates down), but let's not add fuel to the fire that started all of this. It's a big circular reference.
    Do you remember Rock & Roll Radio?
  • macgyver06
    macgyver06 Posts: 2,500
    fanch75 wrote:
    Well yeah, that's how we got into this mess...the low rates made prices (ie the principal being financed) rise. People buying shit/houses they couldn't really afford...coupled with the expectation that it'd go up forever so "I'd better buy now before that $200k house is $250k next year!"

    I understand trying to stop the bleeding (relieving credit woes by forcing rates down), but let's not add fuel to the fire that started all of this. It's a big circular reference.


    this can probably be tied to the people who voted for bush...not very smart people..


    enjoy
  • jlew24asu
    jlew24asu Posts: 10,118
    fanch75 wrote:
    Well yeah, that's how we got into this mess...the low rates made prices (ie the principal being financed) rise. People buying shit/houses they couldn't really afford...coupled with the expectation that it'd go up forever so "I'd better buy now before that $200k house is $250k next year!"

    I understand trying to stop the bleeding (relieving credit woes by forcing rates down), but let's not add fuel to the fire that started all of this. It's a big circular reference.

    but this time around, lending (and receiving) is not as easy, even though rates are low. the rules have changed
  • flywallyfly
    flywallyfly Posts: 1,453
    Dont worry, these economic woes are merely a distraction from the real problem facing the United States (and the rest of the world) -- Britney Spears custody case/trainwreck and how bad the movie "Cloverfield" is. The smart money is going into douchebag companies.
  • fanch75
    fanch75 Posts: 3,734
    jlew24asu wrote:
    but this time around, lending (and receiving) is not as easy, even though rates are low. the rules have changed

    Excellent point. They aren't giving $300k mortgages to dogs with library cards anymore.
    Do you remember Rock & Roll Radio?
  • jlew24asu
    jlew24asu Posts: 10,118
    flywallyfly wrote:
    Dont worry, these economic woes are merely a distraction from the real problem facing the United States (and the rest of the world) -- Britney Spears custody case/trainwreck and how bad the movie "Cloverfield" is. The smart money is going into douchebag companies.

    the britney joke is getting kinda old now.
  • flywallyfly
    flywallyfly Posts: 1,453
    jlew24asu wrote:
    the britney joke is getting kinda old now.

    I'll keep that in mind Mr Sunshine.
  • RolandTD20Kdrummer
    RolandTD20Kdrummer Posts: 13,066
    jlew24asu wrote:
    the britney joke is getting kinda old now.

    I assume she's out of the media then.. great...
    Progress is not made by everyone joining some new fad,
    and reveling in it's loyalty. It's made by forming coalitions
    over specific principles, goals, and policies.

    http://i36.tinypic.com/66j31x.jpg

    (\__/)
    ( o.O)
    (")_(")

Categories