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Post by agito on Sept 30, 2008 11:41:07 GMT -6
Wanted to get a gutcheck reaction to why everyone thinks the markets are up 200 as of this morning.
think it will end up?
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Post by unlawflcombatnt on Sept 30, 2008 16:49:37 GMT -6
I voted for "there never was a problem in the 1st place." What I really meant, however, is that there is no problem in the 1st place that the government can quickly fix.
A close 2nd is the Fed's "injection" of $630 billion into rich financiers' pockets.
However, I think in the back of everyone's mind is the belief that the government will act against the wishes of voters & taxpayers, and give $700 billion of their hard-earned money to hardly working Wall Street gangsters.
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Post by nomad943 on Sept 30, 2008 20:59:27 GMT -6
This one is a no brainer. but Im not filling out the registration just to vote. Anyhow.. On the down 777 point day ... you had to notiuce that at 4 oclock the dow was only down around 500. It was taken down the last couple of hundred points AFTER the markets were closed. It had a better effect to run "RECORD DROP IN DOW" in the headlines. So this morning the dow opened up 250 points or .. exactly at the level it was at when it was supposed to be closed the day before. Now they could run the headline "DOW UP ON RELIEF THAT GOVERNMENT TO RESUBMIT SAME BAILOUT BILL". and lo and behold the bill will be voted on by the senate tommorw. I spoke with my father today and he told me he was watching CNBC Monday and that guy Pisani actualy said on the air that traders wanted a really bad close on Monday specoficaly to scare people into supporting the give away. I am going to search you tube and see if someone captured the moment.
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Post by waltc on Sept 30, 2008 23:16:58 GMT -6
Rep. Sherman of CA said on Lou Dobbs a few days ago that Wall Street was trying to spook Congress by tanking the Dow. He also stated that Congress is terrified by all the gloom and doom reports they are getting from various Wall Street types.
Also I wouldn't put it past Goldman-Sachs and other major players to collude in bringing down the Dow then bouncing it up the next day. They have resources and any loss they take will easily be offset by the trillions they will make when the Paulson bill passes.
BTW all Bush had to do help tank Wall Street was tell the "Plunge Protection team" to withhold buying securities. This team was instrumental after 9/11 and other times since then in keeping the Dow from experiencing serious draw downs.
Word has it they have the backing of the Fed Reserve so their line of credit is unlimited.
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