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Is the stock market climb today...

Is the stock market climb today due to the 200 Billion that the fed is putting out there? Do you guys think this will actually turn it around for more than a day or two? Wanted get other peoples input.

http://bloomberg.com/apps/news?pid=20601087&sid=a4tlGAASwuTI...



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The national debt is still

The national debt is still over 9.4 trillion dollars. I do not expect much of any change. Only on the down side.

My take

Spitzer was hung because they need a distraction
and Spitzer has a ton of enemies. Wall Street hates him. Nothing like a good old fashion sex scandal to distract from the big stuff. Couldn't have happened to a nicer guy, however, it's just a diversion. Timing is everything. Same with the "election." Hell, where's Michael Jackson.

The big story today was that of Fallon. I've had CNN and FOX on all day and not a word.

Defense Secretary Robert Gates said that Adm. William J. Fallon had asked for permission to retire and that Gates agreed.

http://www.breitbart.com/article.php?id=D8VBE6E00&show_artic...

Fallon was the subject of an article published last week in Esquire magazine that portrayed him as opposed to President Bush's Iran policy. It described Fallon as a lone voice against taking military action to stop the Iranian nuclear program.

Also add - Top it off with a 200 billion injection by the Fed and and Warren Buffet coming out today - Derivatives the new 'ticking bomb'
Buffett and Gross warn: $516 trillion bubble is a disaster waiting to happen - http://www.marketwatch.com/news/story/derivatives-new-tickin...

Hey, the market was up +416 today, let's have a party and drink more Kool-aid. The 200 billion won't cover what the banks are out and it certainly won't get to the consumer.

GM/GMAC is coming up this June, I believe, to the tune of something like 37 billion. Word out is that it can't be repaid. GM/GMAC is not a bank and can not borough directly from the Fed.

I hate to say it, but this looks like an all or nothing situation to me, but what do I really know.

agreed

Fortune Favors the Bold

this a wag the dog type play. It is not particularly important in the scheme of things.

Fortune Favors the Bold

Thanks

when i talk about this shit most think I'm on drugs or have 10 heads. It's soooo obvious when you start seeing the patterns.

It is important in the slight of hand sort of way

pay no attention to the man behind the curtain.

S&P Video

http://www.tradethemarkets.com/public/1894.cfm

In other news....
Asian Market Update: USD slides in Asia despite Fed's emergency action
The USD benefited from the Fed's emergency action, but failed to hang on to New York gains during the Asian session as some investors feel the Fed's $200B lending program is a short- term fix at best. Markets seem to confirm this skepticism:

$200 billion..HAH! But Iraq ($12bil/day) lingers on...

"In circuit motorsport, a driver has..."Paul position" when he or she starts a race at the front of the grid."

Given a shot of the drug (fiat money) that the

market needs in order to keep going, then it's like any other junkie. There's a brief high (the period of such "highs" keep getting shorter), followed by the inevitable return to reality, which means in this case the market continuing its downward trend.

_________________________________________
"An economy built on fiat money is a society on its way to ashes."

I'm hearing...

People say the FED is looking for anyway to stop a depression. You DO realize that they perpetuated the Great depression, right? Why would they not be up to their own, old tricks? Watch out!

I agree

Everybody hold on tight!

It still isn't as high as it

It still isn't as high as it was last Thursday. If this is a rally, we are playing a stock market game of "Chutes and Ladders" with really long chutes and tiny little ladders.

Thats it Fed... Pump it up!!!

We can never pay ya back. Though you'll get whats coming to ya...

Remember the past as you look forward to today...

What you believe to be true, is true to you... "until you change your mind"

Short squeeze/Fed/Elliot Spitzer

I'm a professional trader, and it looked like a short squeeze to me. That means people who made a lot of money shorting (betting the market would go down) started covering their shorts. It was probably institutional funds taking profits who shorted from the obvious top of the market, which was the high in the S&P from year 2000 (most obvious trade I've ever seen). Short squeezes create radical upside moves like this. The market was oversold, and they were just looking for an opportunity to cover their shorts. People who are short get paranoid and cover. It's kind of like market crash emotionally, and just as painful for a lot of people, but on the upside.The Fed move helped trigger it, but so did prospects of Elliot Spitzer resigning, who has been a major enemy of Wall Street and free-market capitalism. Good riddance to him.

Holy crap

This is one time I'll completely agreed with you.... ;)

Not that it will happen again for awhile but....

Good post Trapp!

~Live life to its fullest, with an open heart, open arms and most important... an open mind~

The Fickle Fed

The Fed has dumped billions into the economy and cut interest rates multiple times. This has not helped and is killing the currency value of the dollar. There should NOT be a Federal Reserve System (Private Banking System owned mostly by wealthly Europeans). To learn more about the banking scam of the Fed visit this website www.amerocasnewworldorder.com and send this link to your network of friends.

if you really want to get a

if you really want to get a sense of the economy, you look at the S&P, not the Dow Jones.

The S&P is 500 stocks, the Dow Jones is only 30.

Currently, the S&P is only up 1.08% today and dropping fast.

for awhile

I think the state of the actual American economy and the stock market will be in direct opposition. Today's move was a very large signal that financial asset value will be supported...also its magnitude reflects just how bad the situation is. The largest bank run in history continues. The only thing they could do was create a massive short term investor willing to take on the mortgage backed securities, kind of like a God handing money out to starving panicky investors.

The S&P is capital weighted

and only a few really affect the value.

the Nasdaq & Russell are better.

I may be simple minded

but the fed being willing to buy, magically creating trusting money, $200 billion of mortgage securities is going to result in alot of investors with new found liquidity. They are going to look for investments rather than stick it in a shoebox. Stocks should get a bump.

This is another sign that the fed will do anything to keep depression away and that inflation concerns are off the radar screen. Ironically, central banks tend to create circumstances that make their existence necessary...but like a sun that eventually goes supernova, incorporating all it once nurtured.

The Interest Rate Cut.

The Market rallied from 7 a.m. to 7:15 on the overnight electronic on the 3/4 % interest rate cut. The high was basically the "official" outcry open at 8.

7 is 8 Washington time when the FED announced the cut. It was expected but it was risky to be heavily exposed this morning as the cut may have been less than expected and the market dived.

I think they will start to pump out more optimistic views today and tomorrow and a rally into Aril 1st or 15 will happen.

On a daily chart the downtrend still has not been broken but a low could be made tomorrow.

They are looking for an out!

Investors are looking in every direction for a place to put their dollars. I suggest something with real value.

I've been buying up

I've been buying up undervalued stocks like crazy recently. See you on the upside. :)

..................
"The main thing that I learned about conspiracy theory is that conspiracy theorists actually believe in a conspiracy because that is more comforting. The truth of the world is that it is chaotic..." —Alan Moore

can you say profit taking?

can you say profit taking?

I never in my life

thought that I would see Wall Street celebrate such a blatantly communist move.

--------------------------------
"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
----------------------------

well

the politburo never liked to have their wealth eradicated either...ideology, free or communist, ends at the front gates of the plutocracy.

It Won't Last Long

I believe the Dow Jones will be in the red by closing time Wednesday.

if the stock market is doing

if the stock market is doing great that means the FED is tinkering with the numbers ... so don't panic ...everytime they tinker ... it eventually comes back down because most people know whats going on

I dont think Gold will go back down much farther ... i think it will not go lower than 900 ... however last time i checked it was 970 ... that would be a really steep slide .. but i dont think that will happen

silver is around 19.50 ... silver is more volatile and possibly could go below 19 ... we saw in the last few days it went up about 1 whole dollar in a day ... and was almost 21.00/oz ... i don't see silver going any lower than 18.50 and that is being very pessimistic ... if anything 19.00 is what i think it will stay at

All paper money eventually returns to its real intrinsic value, zero. - Voltaire

Stock market worse than Vegas, Vegas has free drinks for losers.

Ron Paul is leaving it up to us folks! So put your creative energy behind the Revolution. We talk about not wanting government in charge, well Ron Paul is giving us a chance to demonstrate how this is done. Don't look to Ron Paul to do all the work, and just throwing money at the problem isn't going to work either!

Be in Washington on the 21st of June as requested by Ron Paul.

If you can't be a delegate, then volunteer at the convention, you will be able to influence undecided voters.

http://www.gopconvention.com/volunteer/general.aspx

http://msp2008.com/volunteer.php

I'm telling you, and I never

I'm telling you, and I never realized this until my friend told me, that the easiest way for the politicians to escape their unreasonably irresponsible spending habits is to simply inflate their way out of debt. Hold social government spending to say, 2008 levels, and then inflate the currency 100%. Suddenly the "debt" they incurred is worth only half as much as it was. Then they can just ramp up spending again to meet the new "debt ceiling." I think they could play this game for awhile :( Sure, your social security payments will get you a loaf of bread and a bus token, but that's not the politician's fault. It was just a "bad run" of the economy, which they could do nothing about.