Why did the market nose dive when the bailout passed?
Submitted by growliberty on Sat, 10/04/2008 - 13:03
Okay, I know *why* the markets continued to decline: because the bailout didn't fix anything and made everything worse.
BUT, every Tom, Dick, and Harry on the financial channels, the CEOs, the investment gurus, the guys on the floor of the exchange, were pretty much all saying this legislation would save them...uh, I mean us.
So I would have thought that the market would have gotten just a little bump from the passage, but instead it took a 500 point nose dive.
Does anybody know (or have any educated guesses) as to why it did what it did?
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bad job numbers came out
also a realization that the 700b won't do much.
I think a lot of longs were
I think a lot of longs were waiting for the bill to be passed before selling, on the belief that there would be a temporary bounce. So they all came into the market and drove the price down. That would explain the timing. It was just people who had already decided to sell at any price, but waited for that event in the hope of getting a better price.
That makes sense
Thanks!
"Dependence begets subservience and venality, suffocates the germ of virtue, and prepares fit tools for the designs of ambition." -- Thomas Jefferson
because it was really designed to push us over the edge
Bush needs his opportunity before he is ousted , he needs to mess it up more so he can call martial law.
~Mikael / Peace, love, Light and unity ~
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Stop the NWO....It's just illumi..Naughty !
It's not designed to work...
It's designed to break us and make us a third world country so we can eagerly link up with the rest of the impoverished world to be ruled by the government elitists.
Oh sorry... was that out loud?
I may not know the truth, but I know when I'm being lied to...
I may not know the truth, but I know when I'm being lied to...
PPT took the afternoon off
no need for their song and dance any more.
Truth exists, and it deserves to be cherished.
Just because of what you said...
Don't you realize by now that truth or even consistent lying is NOT important to the "powers that be," as they know nobody on our side has the cajones to even CALL them on them, much less DO anything about it? "Peaceful revolution," my ...
Of course I do.
I know that they think that if they say a lie long enough people will believe it's true...and most people do.
Which is why I wondered why apparently nobody bought the $700 billion lie after so many liars got up and spoon fed them a crap sandwich with mustard on it.
I'm not naive, just wondering about an economic/financial cause-effect equation that didn't turn out like I thought it would.
"Dependence begets subservience and venality, suffocates the germ of virtue, and prepares fit tools for the designs of ambition." -- Thomas Jefferson
If the Rothschild interests can control the media
do you think thay can control one index in one market? and do you think they can condition the media to view that index as the end all be all? I do.
Explore Orthodox Christianity
Uh...no
Can they control the 8 or 10 companies that are the media? Sure. We see daily proof.
But really, 28 of the 30 Dow blue chip index companies are on the NYSE. The NYSE does more than a BILLION transactions a day.
Can any single entity control the market? Well, if they could, why wouldn't they keep it UP and make lots and lots MORE money instead of letting it fall and causing wealth-destroying chaos?
Sorry, but I think your argument fails the logic test. Thanks for offering your opinion, though.
"Dependence begets subservience and venality, suffocates the germ of virtue, and prepares fit tools for the designs of ambition." -- Thomas Jefferson