A SIX HUNDRED POINT swing in the market in ONE day????

This just confirms to me that the market makers are insane! They don't use logic. They're constantly unhappy with nice profit reports because it just wasn't HIGH ENOUGH to suit them. They fell for the BS of the housing boom for severa years, even when all logic said this can't be sustained!

Even my broker can't explain the reasons for their actions!

The market traders are, who would follow one another off a cliff if allowed. Fear-based decisions will always be wrong.
dumpbush

that's my take on it.

The worse our economy, the higher they push it.

I got out of all stocks a while back, because when irrational actions happen so often its impossible to not think the casino is rigged by the house.

He's an ex-trader (though he still plays the market a bit now...) His general impression is that the entire system is rigged.

A lot of wise guys are getting rich this week.

--p!

The big ones earn from volatility.

We are in unprecedented territory - keep in mind the DOW has dropped from 2005 if you factor in the decline of the dollar. If the dollar were to melt down, the DOW might jump up thousands of points and still be behind.

No matter what economists and analysts say, these are the only three factors governing the financial markets. Market players are first and foremost greedy. Enough is never enough and the game doesn't end until someone has all the money in the world. Playing the market has all the addictive qualities of gambling, only moreso because of the high stakes.

Balancing the greed is fear. Fear of losing money or, much worse, being thrown out of the game, bankrupt. So all the greedy traders constantly have one eye over their shoulder, nervously looking for the first sign things are going south. Then it's "sell sell sell" before they lose too much.

Finally, the mentality of the herd comes into play. If one sheep is selling, the others will sell too, just in case. Nobody wants to be the one left holding the bag.

The result: wild stock market fluctuations based on nothing. I've seen the markets swerve crazily when news of a light plane crash hits the newswires. Why? Because a handful of traders no doubt caught the words "plane crash" and immediately thought, "loss of confidence in aviation, reduced profits among airlines, plane manufacturers, hotels, and car rental companies. Must dump holdings in those sectors. Now!!!!!!!!!!!!" This whole thought process probably took three nanoseconds, mostly on an unconscious level, but enough people thought it to start a minor selling frenzy. Within a couple of hours, once the frenzy had run its course (spilling over to other sectors that supply the travel industry and those that supply the companies that supply the travel industry), a few traders realized that one light plane crash in Duluth wasn't going to bring down Boeing, so they began rushing to buy the now cheap travel stocks they'd dumped just a couple of hours previously. As these stocks began to tick up, other traders' greed motive kicked in and a buying frenzy began.

By the end of the day, stocks in the transportation sector were trading 5% higher than before the news of the crash. And here's the kicker: there was no reason for any of it. It was all the result of knee-jerk hysteria.

this morning somebody starting buying up transports.

http://finance.yahoo.com/q/bc?s=^DJT&t=1d&l=on&z=m&q=l&c=^GSPC,^IXIC,^DJI

http://www.urbansurvival.com/week.htm (link to top of blog, no perma link to article currently at top)

the entire world economy is a flawed system. The entire concept is unlimited growth and short term gains, this is what's killing us slowly. Corporations rule, the world degrades.

to something else unless you leave the fund. The cost I pay is a whopping $30.00 a year. If they're going to get wealthy on that, they sure better have a LOT of clients!

How do you think they keep the lights on? Your fees are low because that fund family, whichever one it is, cuts costs in other areas.

And one, I am willing to bet, is customer service.

Even though we maxxed out the other 100 credit cards. We're going to use this credit card to pay off the other credit cards.

How does making credit cheaper help us with the credit crisis if cheap credit was what created this crisis in the first place?

It's the reaction to the rate cute, and bargain hunters jumping back into the waters.

BTW: I heard some fool in a restaurant talking about DOW 30,000 happening TOMORROW!

I had to turn away & leave the area b/c I was starting to :rofl:

I heard that on NPR today. It's hard not to be a little bit concerned.

Ever since most did away with GAAP and started reporting "Pro-Forma" Earnings, (Pro-Forma basically meaning for lack of a better phrase, "We made it up, because it sounds good and makes everyone happy)

Most of this market is based on BS, rumor, speculation, manipulation, and complete utter fantasy nonsense. Fundamentals and technicals have been replaced by emotion, rally by rumor, computer program trading, and the incessant belief that no matter what happens, the Fed and The Powers That Be will always be their to bail out, paper over, and band-aid all ailments, at the expense of the economy and everyone else.

This is nothing more than a Casino using Everyone Else's Money for Chips.

It isn't going to end well.