http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4129997Oh my.
Now the primitives are market watchers, perhaps because many primitives aren't as poor as they allege to be, and the Reagan-Bush-Gingrich prosperity of the 1980s and 1990s, and the continued holding steady of the Bush administration during this decade, enabled them to be more prosperous than any generation that preceded them.
Robbien Donating Member (1000+ posts) Tue Sep-30-08 04:38 AM
Original message
At 3:30am cst The DOW futures are UP by 177 points
just sayin
Foreign markets opened with big drops but now are trading much higher with some even trading in positive territory.
MercutioATC Donating Member (1000+ posts) Tue Sep-30-08 04:39 AM
Response to Original message
1. Up over 200 at 4:30 am...
Gee, some "crash"....
Marsala (623 posts) Tue Sep-30-08 04:42 AM
Response to Reply #1
2. Typical bear market rally
It's very normal to see rallies after crashes as people take advantage of low prices to buy in.
Robbien Donating Member (1000+ posts) Tue Sep-30-08 05:01 AM
Response to Reply #2
5. Well, today is the end of the quarter and hedge funds are facing redemption today
Whatever happens today, the move will be big. Perhaps they will be cashing in on yesterday's drop. Or perhaps they will be realizing losses on the quarter's drop. Whatever. Since the hedge fund market is in the trillions, Sept. 30 will be active.
TexasObserver Donating Member (1000+ posts) Tue Sep-30-08 04:44 AM
Response to Original message
3. the markets may adjust upward today, but will ratchet downward, deal or no deal
A couple hundred point rise in the DOW today would not be surprising at all.
McCamy Taylor Donating Member (1000+ posts) Tue Sep-30-08 04:50 AM
Response to Original message
4. My gut tells me the market was manipulated downward yesterday and we will have a word that ends in -gate for it within a year.
soulcore (701 posts) Tue Sep-30-08 05:06 AM
Response to Reply #4
6. Bailout-Gate, 2008.
Two Americas Donating Member (1000+ posts) Tue Sep-30-08 05:33 AM
Response to Reply #4
7. very astute
Of course we are being "gamed." What do people think an unregulated and unsupervised Wall Street is about?
People who a few weeks ago were arguing so strenuously against government intervention to protect home owners and jobs and anything else of real value and benefit to the public now expect us all to guarantee and protect their stock portfolios. People who accused those of us who were warning about the instability and dangers of this "free market" idiocy of being doomsayers and fear mongerers are now running around doomsaying and fear mongering.
The sad thing is that not all of those people are Republicans.
Robbien Donating Member (1000+ posts) Tue Sep-30-08 05:36 AM
Response to Original message
8. At 4:30am cst The DOW futures are UP by 226 points
Oil futures are up almost a dollar
Dollar/Yen futures are rising to over a buck fifty
Gold of course is souring. Another six/seven dollars.
Isn't it nice to have the primitives as our market pundits?
