Well, the stock market is either very happy with their $200 billion gift or that we're going to

sinkingfeeling

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Tue Mar-11-08 03:10 PM
Original message

Well, the stock market is either very happy with their $200 billion gift or that we're going to

bomb Iran! Closes up $415.

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onenote

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Tue Mar-11-08 03:11 PM
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1. I think its the $200 billion plus giddiness over Spitzer, who the street hated

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bushmeister0

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Tue Mar-11-08 03:12 PM
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2. My thought exactly.

Imagine the multiple orgasms speculators are having right this moment thinking about a new war and a $300 dollar barrel of oil.

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ORDagnabbit

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Tue Mar-11-08 03:12 PM
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3. can you say inflation? n/t

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wtmusic

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Tue Mar-11-08 03:13 PM
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4. When everyone started buying supplies last week

I thought the market might go through the roof this week. Tends to work that way.

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On the Road

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Tue Mar-11-08 03:32 PM
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5. Oversold Plus Short Squeeze

Am not at all sure this is the beginning of a rally. VIX volatility index is only 25. Volume not high. Indexes still below 13-day moving averages. No fundamental change in economic outlook; in fact, chances of recession seem to be increasing.

Could become a breakout but doesn't feel like it.

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BlooInBloo

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Tue Mar-11-08 03:35 PM
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6. The Fed is playing yo-yo with the markets, in a desperate attempt...

... to keep ppl from realizing it's a Big Shitpile.

http://atrios.blogspot.com/2008_03_09_archive.html#6964572066018639260

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louis-t

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Tue Mar-11-08 03:46 PM
Response to Reply #6

8. Isn't this the 4th or 5th time since June?

How many times in the last year has the Fed sunk a pile of money to shore up the banking industry, which has resulted in the devaluation of the dollar, a spike in oil prices, etc.?

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BlooInBloo

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Tue Mar-11-08 04:04 PM
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11. Heh. Like I count how many times the yo-yo goes up n down.

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louis-t

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Tue Mar-11-08 05:08 PM
Response to Reply #11

15. I wasn't in a place where I could take my shoes off

Edited on Tue Mar-11-08 05:08 PM by louis-t

so I had to stop at 11.x(

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grasswire

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Tue Mar-11-08 03:36 PM
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7. or that Spitzer is neutered.

Mrs. Greenspan said yesterday that he was the central figure in the negotiations between the bond market, the stock market, and the feds regarding the current fiscal mess. She said it's a bad time to lose him. But perhaps the stock market thinks it's a good time to lose him.

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nadinbrzezinski

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Tue Mar-11-08 03:47 PM
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9. Plunge Protection Team

it won't last

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Fresh_Start

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Tue Mar-11-08 04:02 PM
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10. I think it may well be more then $200 billion

because they will accept deteriorating subprime backed securities as collateral.
If the subprime continues to sink further,.....they will be protecting the current holders of the subprime securities from further risk.

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Javaman

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Tue Mar-11-08 04:08 PM
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12. Give it time...

remember the other infusions of money they pumped into the market? it still fell.

This is nothing more than rotten wooden braces.

after the very temporary euphoria from this little play money deal, watch as reality returns.

pouring more money into a system that is already bloated with to much already doesn't help a thing, and if bend over barnenke does his rate drop dance again, watch out! Inflation at that point will take a backseat to no one. Because, after this cut, he really can't cut much more.

We still have a very long way to go before this thing hits bottom.

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lpbk2713

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Tue Mar-11-08 04:09 PM
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13. Bargain hunters.

Those who have money were taking advantage of the losses of the past few days.

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librechik

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Tue Mar-11-08 04:22 PM
Response to Original message

14. Sucker Rally--no reference to Spitzer, I promise!

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