'Bailout' Voted Down

Off Topic Politics & World Issues
181

[quote]AynRandLuvr wrote:
rainjack wrote:
The Dow have given back almost half of what it lost yesterday.

So has the S&P, and Nasdaq.

I thought we were all supposed to be naked, hungry, and homeless by this afternoon.

When you drop a rubber ball, it bounces up after hitting the pavement. It probably bounces up about half of its original height. It then resumes its course. The Dow is down about 22% so far this year, btw.

I am not as pessimistic as HH but I still see one helluva mess ahead. Redefining banking in this country is going to be terrible in itself.

[/quote]

Still no naked gangs roaming the country side, though.

I never said there wouldn’t be a mess. The real mess will be starting if Congress passes the shit bill it voted down yesterday.

182

Hope abounds.

http://www.bloomberg.com/apps/news?pid=20601087&sid=alIV7KuZBtk0

``I think the message from the markets yesterday was clear,‘’ McConnell said.

183

[quote]bdog527 wrote:
Yes, based on 4 hours of trading the day after the biggest drop in the history of the dow it appears we can relax and confidently say, disaster averted.

That was a close one.

[/quote]

Did I say that we were out of the woods? How about you just stick to reading what is fucking written. You have already proven your inability to make a coherent argument in this thread.

It was the biggest POINT drop. Not the biggest effective drop.

Are you a college kid by any chance?

184

[quote]bdog527 wrote:
Yes, based on 4 hours of trading the day after the biggest drop in the history of the dow it appears we can relax and confidently say, disaster averted.

That was a close one.

[/quote]

It wasn’t close to the biggest PERCENTAGE drop, which is what matters.

You are doomed. The sky is falling. Might as well end it now.

185

[quote]bdog527 wrote:
Hope abounds.

http://www.bloomberg.com/apps/news?pid=20601087&sid=alIV7KuZBtk0

[/quote]

It won’t be in the same form that was refused yesterday.

DO you even pay taxes?

186

http://www.bloomberg.com/apps/news?pid=20601087&sid=a9MTZEgukPLY&refer=home

Well shit…

187

[quote]rainjack wrote:
bdog527 wrote:
Yes, based on 4 hours of trading the day after the biggest drop in the history of the dow it appears we can relax and confidently say, disaster averted.

That was a close one.

Did I say that we were out of the woods? How about you just stick to reading what is fucking written. You have already proven your inability to make a coherent argument in this thread.

It was the biggest POINT drop. Not the biggest effective drop.

Are you a college kid by any chance? [/quote]

Are you always this easy going?

188

[quote]PRCalDude wrote:
bdog527 wrote:
Yes, based on 4 hours of trading the day after the biggest drop in the history of the dow it appears we can relax and confidently say, disaster averted.

That was a close one.

It wasn’t close to the biggest PERCENTAGE drop, which is what matters.

You are doomed. The sky is falling. Might as well end it now. [/quote]

Yeah, yesterday was a non-event. Nothing to see here.

In other news: Volume on this move is shaping up to be less than half of yesterdays.

Where are all the buyers?

189

Most companies are not experiencing the type of Wall St. problems the media is harping about.

If you are investor and a contrarian yesterday was a sale day. Buy the stocks you like while they are on sale. Smart traders buy on bad news sell on good.

190

[quote]bdog527 wrote:
PRCalDude wrote:
bdog527 wrote:
Yes, based on 4 hours of trading the day after the biggest drop in the history of the dow it appears we can relax and confidently say, disaster averted.

That was a close one.

It wasn’t close to the biggest PERCENTAGE drop, which is what matters.

You are doomed. The sky is falling. Might as well end it now.

Yeah, yesterday was a non-event. Nothing to see here.

In other news: Volume on this move is shaping up to be less than half of yesterdays.

Where are all the buyers? [/quote]

Uh, buying what the sellers are selling, picking up bargains created by hysterics like yourself.

191

[quote]bdog527 wrote:
In other news: Volume on this move is shaping up to be less than half of yesterdays.

Where are all the buyers? [/quote]

I am going to ask a really stupid question that I hope people here can answer. I feel like an idiot.

So the Dow dropped 780 points yesterday, which means that everyone was selling, right?

So who was buying? I mean if there are sellers selling their stocks, then there must be buyers buying them, right?

So if everyone is selling, then there isn’t any buyers, right?

I feel like a dumbshit because I have always wrestled with this question, but never nad the balls to ask how this shit works.

Can anyone help?

192

[quote]PRCalDude wrote:

Uh, buying what the sellers are selling, picking up bargains created by hysterics like yourself.

[/quote]

I guess that answers it. Sorry.

193

[quote]skaz05 wrote:
bdog527 wrote:
In other news: Volume on this move is shaping up to be less than half of yesterdays.

Where are all the buyers?

I am going to ask a really stupid question that I hope people here can answer. I feel like an idiot.

So the Dow dropped 780 points yesterday, which means that everyone was selling, right?

So who was buying? I mean if there are sellers selling their stocks, then there must be buyers buying them, right?

So if everyone is selling, then there isn’t any buyers, right?

I feel like a dumbshit because I have always wrestled with this question, but never nad the balls to ask how this shit works.

Can anyone help?[/quote]

There is basically an overload of people selling, with less people buying, making the sellers lower their prices to entice buyers.

I know you got it in your post right after this one, but I wanted to further clarify.

194

Bunch of suckers…

Bailout marks Karl Marx’s comeback

[i]Marx�??s Proposal Number Five seems to be the leading motivation for those backing the Wall Street bailout

By Martin Masse

In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the �??centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.�??

If he were to rise from the dead today, Marx might be delighted to discover that most economists and financial commentators, including many who claim to favour the free market, agree with him.

Indeed, analysts at the Heritage and Cato Institute, and commentators in The Wall Street Journal and on this very page, have made declarations in favour of the massive �??injection of liquidities�?? engineered by central banks in recent months, the government takeover of giant financial institutions, as well as the still stalled US$700-billion bailout package. Some of the same voices were calling for similar interventions following the burst of the dot-com bubble in 2001.
�??Whatever happened to the modern followers of my free-market opponents?�?? Marx would likely wonder.

At first glance, anyone who understands economics can see that there is something wrong with this picture…
[/i]

Full article:
http://network.nationalpost.com/np/blogs/fpcomment/archive/2008/09/29/bailout-marks-karl-marx-s-comeback.aspx

196

[quote]skaz05 wrote:
bdog527 wrote:
In other news: Volume on this move is shaping up to be less than half of yesterdays.

Where are all the buyers?

I am going to ask a really stupid question that I hope people here can answer. I feel like an idiot.

So the Dow dropped 780 points yesterday, which means that everyone was selling, right?

So who was buying? I mean if there are sellers selling their stocks, then there must be buyers buying them, right?

So if everyone is selling, then there isn’t any buyers, right?

I feel like a dumbshit because I have always wrestled with this question, but never nad the balls to ask how this shit works.

Can anyone help?[/quote]

It’s not a dumb question.

197

[quote]PRCalDude wrote:
bdog527 wrote:
PRCalDude wrote:
bdog527 wrote:
Yes, based on 4 hours of trading the day after the biggest drop in the history of the dow it appears we can relax and confidently say, disaster averted.

That was a close one.

It wasn’t close to the biggest PERCENTAGE drop, which is what matters.

You are doomed. The sky is falling. Might as well end it now.

Yeah, yesterday was a non-event. Nothing to see here.

In other news: Volume on this move is shaping up to be less than half of yesterdays.

Where are all the buyers?

Uh, buying what the sellers are selling, picking up bargains created by hysterics like yourself.

[/quote]

Possibly. Or it could also be a sucker’s rally. What has changed yesterday vs. today? Nothing. I don’t see this as anything more than that.

198

[quote]FightinIrish26 wrote:
dhickey wrote:
Interesting take on the cause of this mess by Pelosi.

I believe this was prior to the vote. Great stratagy for getting it passed by a complete nut-job.

Not one mention of Carter, Clinton, Frank, or Dodd with respect to the calamity. Just blame Bush.

Reagan? Who it should be?
[/quote]

What about Reagan? and who what should be?

199

[quote]bdog527 wrote:
PRCalDude wrote:
bdog527 wrote:
PRCalDude wrote:
bdog527 wrote:
Yes, based on 4 hours of trading the day after the biggest drop in the history of the dow it appears we can relax and confidently say, disaster averted.

That was a close one.

It wasn’t close to the biggest PERCENTAGE drop, which is what matters.

You are doomed. The sky is falling. Might as well end it now.

Yeah, yesterday was a non-event. Nothing to see here.

In other news: Volume on this move is shaping up to be less than half of yesterdays.

Where are all the buyers?

Uh, buying what the sellers are selling, picking up bargains created by hysterics like yourself.

Possibly. Or it could also be a sucker’s rally. What has changed yesterday vs. today? Nothing. I don’t see this as anything more than that. [/quote]

I don’t care if a rally happens or not. I bought because a certain stock was trading well below its high and below its historic mean, meaning, it was a bargain. If it goes up 25% in the next two years, I’m a winner. If it doesn’t go up, it pays me a dividend.

The fact that “nothing has changed,” but stock prices continue to change, should clue you into the psychology of the stock market. You apparently aren’t wired in such a way to profit from it, so you should probably stay out, unless you want to follow the herd and buy high and sell low, which benefits me.

200

[quote]LankyMofo wrote:
skaz05 wrote:
bdog527 wrote:
In other news: Volume on this move is shaping up to be less than half of yesterdays.

Where are all the buyers?

I am going to ask a really stupid question that I hope people here can answer. I feel like an idiot.

So the Dow dropped 780 points yesterday, which means that everyone was selling, right?

So who was buying? I mean if there are sellers selling their stocks, then there must be buyers buying them, right?

So if everyone is selling, then there isn’t any buyers, right?

I feel like a dumbshit because I have always wrestled with this question, but never nad the balls to ask how this shit works.

Can anyone help?

There is basically an overload of people selling, with less people buying, making the sellers lower their prices to entice buyers.

I know you got it in your post right after this one, but I wanted to further clarify.[/quote]

It should also be noted that the 780 point drop is simply comparing the values at closing. It does not take into account the actual volume being traded. Theoretically, a stock could have been traded once on Friday for $100 and just once again on Monday for $90, and it would still look like a drop of $10 even though it was only traded once each day. This hasn’t been the case, but the concept should be understood.

Also remember that the DJIA only consists of 30 companies, so if one stock bombs it is pretty easy for the whole DJIA to look bad at a quick glance. Again, this wasn’t the case yesterday, but this does happen frequently.

201

[quote]PRCalDude wrote:
bdog527 wrote:
PRCalDude wrote:
bdog527 wrote:
PRCalDude wrote:
bdog527 wrote:
Yes, based on 4 hours of trading the day after the biggest drop in the history of the dow it appears we can relax and confidently say, disaster averted.

That was a close one.

It wasn’t close to the biggest PERCENTAGE drop, which is what matters.

You are doomed. The sky is falling. Might as well end it now.

Yeah, yesterday was a non-event. Nothing to see here.

In other news: Volume on this move is shaping up to be less than half of yesterdays.

Where are all the buyers?

Uh, buying what the sellers are selling, picking up bargains created by hysterics like yourself.

Possibly. Or it could also be a sucker’s rally. What has changed yesterday vs. today? Nothing. I don’t see this as anything more than that.

I don’t care if a rally happens or not. I bought because a certain stock was trading well below its high and below its historic mean, meaning, it was a bargain. If it goes up 25% in the next two years, I’m a winner. If it doesn’t go up, it pays me a dividend.

The fact that “nothing has changed,” but stock prices continue to change, should clue you into the psychology of the stock market. You apparently aren’t wired in such a way to profit from it, so you should probably stay out, unless you want to follow the heard and buy high and sell low, which benefits me. [/quote]

The credit markets are still very tight. Until that changes the forward outlook for earnings is poor. That is what I meant by nothing has changed since yesterday.