Wild ride

[Theophylact]

Dow up 899 points to 9,065.

Make sense of this market if you can.

[outlaw2001it]

It's called greed. The market is looking for the Fed to cut rates this week (down to 1%). If the Fed doesn't cut rates it will be better for the U.S., and it will screw Wall Street very badly.

[RayH]

Hedge funds lose 13 Billion GPS on VW!! Now this is greed. Market without any rules.

[Chuckiechan]

The bail out money is hitting the streets. The mechanisms are in place and the money is available. Up until now, most of the effort has been in getting the legal and legislative framework in place.

You'll be seeing a lot up up and down profit taking for quite awile as "system" traders start moving on nickels rather than dollars as before.

[outlaw2001it]

Nothing is really hitting the streets. The money is still tied up in Congress, and wherever because they are trying to figure out what to do with it. McCain has the right idea to bail out the people having problems paying their loans. With that said...help the first time buyers before helping anybody else. Gm wants a cut of it ($10 Billion) for a merger with Chrysler, banks are asking for some of it...but nothing has been done. Looks like another Government plan shot down the tubes over bureaucracy.

[MTAtech]

Wild swings are characteristic of bear markets.

[tony_j15]

Quote:

Originally Posted by RayH

Hedge funds lose 13 Billion GPS on VW!! Now this is greed. Market without any rules.

Good read. this part made me think:

Quote:

They had borrowed VW shares and sold them in the market, planning to buy them back when the shares had fallen, return them to the lender and pocket the difference.

[outlaw2001it]

Quote:

Originally Posted by MTAtech

Wild swings are characteristic of bear markets.

That would be good to say if it was two years ago. Everybody is greedy to just get there pockets filled after losing a s*** load of money. Once the Fed puts out their rate at 2:15PM (EST) we'll see what's going to happen. If they don't lower rates...look for a bear market...face we're going to get it one way or another. Screw Wall Street, and let's lift the Dollar. If we don't do it now we will be screwed in the end...literally.

[surreal]

OMG, I know I don't want to do my homework (ie study for tonight's test) when I'm reading a thread about the stock market, for the 2nd time! (I have no interest in it really... )

[outlaw2001it]

Fed rate cut to 1%...the Dollar is no longer the Super Power...long term. The Euro will become what the Dollar once was. Here's the scenario: we just lowered our rates to the lowest they can possibly go, while the Euro still has plenty of interest rate cuts to play with...the Dollar is stuck. If we raise rate so does the ECB, and in the long term what is the currency to invest in? The Euro...making the Dollar second to third choice next to that, the Yen, and of course the British Pound.