Dow jumps 936 as governments pledge bank aid

Dow jumps 936 as governments pledge bank aid

biz.yahoo.com

Wall Street stormed back from last week's devastating losses Monday, sending the Dow Jones industrials soaring a nearly inconceivable 936 points after major governments' plans to support the global banking system reassured distraught investors. All the major indexes rose more than 11 percent.

(visit the link for the full news article)

Talk about volitivitly in the market...

Last week it dropped almost 20%... Biggest losses EVER...
Today it shoots up over 10%... Biggest GAINS ever...


All this has got to mean something...
Whats next...

Will it drop a 1000 tommorow.. rise 1000...

WHO KNOWS... Something big is looming...
Something big... this is the warning signs of a bigger event...

This may be the last hurrah for the Market...
Or was last week the lowest of the low...


biz.yahoo.com
(visit the link for the full news article)

Not sure what to make of it. The stock market is like a pregnant woman, flipping out and consuming everything in sight, only to turn docile and beg for sympathy shortly after. Quite irrational and extreme at times, to say the least.

I think the market might rally for a short time (days, weeks, months, dunno). It seems inevitable that our system will crumble as time goes on. Too many secrets coming out these days. Too much attention on the insane amount of debt everywhere.

The fact that it swung 10+% shows that it's not actually all positive, rather quite volitile and unpredictable.

This banking , credit , for coming world stock market crash then rebound and buy up, has more to do with the elite(N.W.O) bying up every thing up for them selfs.

First make every body sell off there stocks then buy every thing up whole sale at the tax payers expense.

By June or July of next year the dow jones idustrial average will be back up to the 17000 to 14000 mark.

It is all part of the plan, the coming world stock market and world dollar , They soon will own 85% of the world stock markets and now they soon will own 85% of the world currency.

All these things are prerequisite to the coming world dollar the Terro.
And the coming socialist fascist system and the destruction of our rites

Volcanic was a term I used on Friday. I had also seen on CNBC the fact that Paulson was going to buy up stocks.

I almost bought in today but I think we will lose a little tomorrow.

After Christmas will be layoff time for 2 two thirds (service industry) ...not all of it but it will be lay off time unless we have a GREAT holiday season.

Great replys..

That comparision between a pregnate lady and the stock market is great...

Great replys..

That comparision between a pregnate lady and the stock market is great...

I posted this in another thread:

I was just researching wild swings, especially on the upside. Here's what I've found - biggest percentage swings on record:

3/15/33 - +15.34%
10/6/31 - +14.87%
10/30/29 - +12.34%
9/21/32 - +11.36%
10/13/08 - +11.08%

Originally posted by anachryon
I posted this in another thread:

I was just researching wild swings, especially on the upside. Here's what I've found - biggest percentage swings on record:

3/15/33 - +15.34%
10/6/31 - +14.87%
10/30/29 - +12.34%
9/21/32 - +11.36%
10/13/08 - +11.08%

So the BIGGEST swings in the positive turn came AFTER the great depression...

Now, in todays world, things move faster, MUCH faster...

But not this fast...
I doubt that we are out of this yet...
I wouldnot be surprised to see the index drop a thousand tommorrow...

Nor would i be surprised to see it go up another 10%

Something crazy is here in the works...

Govenment had everything to do with the drop....bargain hunters are responsible for the gain.

Banks are still going to crunch the credit...if you ever made a huge mistake and was given a second chance...would you make the same mistakes that led to your failure?

Originally posted by RRconservative
Govenment had everything to do with the drop....bargain hunters are responsible for the gain.

So whats next.

The Drop was a reaction to reality...
This rise is the reaction to the sudden drop...

The sudden drop brings the prospect of a quick gain...

People have made MILLIONS the last few tradeing days...

Originally posted by TKainZero
So the BIGGEST swings in the positive turn came AFTER the great depression...

No, my friend. The biggest swings came during the very middle of what we now call the Great Depression. The GD didn't end until about 1939.

i'm glad the markets were up today it shows some hope. But i wouldn't put all my eggs in one basket so to speak and go rushing back into the market. We haven't seen the bottom of this yet. today's big gain was sparked by the G7 agreeing to nationalize banks and the U.S. Agreeing to buy stakes into the banks.

Yes they did this during the Great Depression and its an act of last resort. And these actions are to be temporary only. What we have to watch for is these bailouts that have been announced will do nothing to solve this problem and in a few days when investors realize it the markets will fall again.

we are no where near the end of this. the last i heard was the talking head experst were predicting a severe recession that will last through 2010.

Volatility of this magnitude illustrates just how dangerous the situation is. This 'gain' today was totally expected by those who understand what's happening. It's all been done before. Unlimited Dollars=Hyperinflation. The only question is whether the Banks take the bait, or does lack of trust continue the Deflation that natural law requires. Either way, the piper will be paid!

All the imaginary Debt should be expunged. God had a Law for Israel, every 50th year was the year of Jubilee. All Debt was forgiven. Thus removing the impetus for Greed.

my personel opinion is that you will continue to see gains, up to the point that the government actually buys stocks. Keep in mind, they didn't buy anything last friday, or today, they only stated that they would. This is the equivalent to knowing what penny stocks Bill gates was going to buy 3 days from know. If you knew Bill Gates was going to buy 50 Billion in stock of Stupid Corp in 3 days, you would now doubt want to buy that stock today and tomarrow. When the government buys these stocks. the price is going to soar. Once the price reaches max height(after the government invests in it) your going to see the stock come crashing back down, with all the people taking there profits. This is going to in cause the government to announce that again they have to put more money to (Shore up) the banks. You'll see a repeat of what is happening. The bottom line, people that had money, invested, and there going to make a killing, all others in hedge funds, IRA, Pensions, and 401k's are going to see the profit margins go for a roller coaster ride.

I personally don't think that these buy backs are going to accomplish anything. I think you are going to see all of the above funds get wiped out, as the bottom line is there is not enough money (created) in the world to buy back all the bad debt that is currently out there. Nor is there enough capital to improve debt/reserve ratios to turn these banks back into what they used to be.

No, All this is doing is buying time, instead of a catastrophic collapse all at once, you are going to see gradual decay, as the governments throw more and more money at this, eventually they will come to the point that all currencies in the G20 are worthless. At that point, they will forgive all debt, and institute a new currency based on the reserves held by the G20. This will be a welcomed sign from all the people as before that happens, you will see massive unemployment, poverty, and starvation, disease, and war. People will be sick of it all and this will be a sign, a ray of hope for all people that have suffered through all this.

Do I think its the end times? No, do I think we are in for a ride, and a convergence into a massive new government? Possibly. Do I think its evil? At first it won't people, it will be exactly what people want, but just like any empire, there is a rise and a fall. This one will be no different.

This is all my opinion anyway, I'm just looking forward to seeing aliens tomarrow . Blossom told me so.


Cheers,

Camain

Volatility is not a sign of strength. We will survive this, but look for many more ups and downs.

Excellent post...........My guess is that the swings are hedge and pension fund buys and sells, mostly automatic........which is even scarier....

Good take on the market. I would also like to add that even with the injection of money and govt. buying stocks, we still need to worry about LIBOR rates. Even with today's announcement, the LIBOR barely moved to the downside. If LIBOR remains around the level where it is today, the LA Times had estimated that we could see an additional 8% of homes go into foreclosure.....and you know what that means to the markets.

Lastly, people also need to keep an eye on Treasury Bills. There are signs that people and countries are not buying T-bills and if that is not the case, that means other countries have no faith in our country and will inflate the dollar.

We are by not out of the woods by any stretch of the imagination. There are still a lot of shoes to drop before anyone can declare the crisis over.

Originally posted by camain
my personel opinion is that you will continue to see gains, up to the point that the government actually buys stocks. Keep in mind, they didn't buy anything last friday, or today, they only stated that they would. This is the equivalent to knowing what penny stocks Bill gates was going to buy 3 days from know. If you knew Bill Gates was going to buy 50 Billion in stock of Stupid Corp in 3 days, you would now doubt want to buy that stock today and tomarrow. When the government buys these stocks. the price is going to soar. Once the price reaches max height(after the government invests in it) your going to see the stock come crashing back down, with all the people taking there profits. This is going to in cause the government to announce that again they have to put more money to (Shore up) the banks. You'll see a repeat of what is happening. The bottom line, people that had money, invested, and there going to make a killing, all others in hedge funds, IRA, Pensions, and 401k's are going to see the profit margins go for a roller coaster ride.

I personally don't think that these buy backs are going to accomplish anything. I think you are going to see all of the above funds get wiped out, as the bottom line is there is not enough money (created) in the world to buy back all the bad debt that is currently out there. Nor is there enough capital to improve debt/reserve ratios to turn these banks back into what they used to be.

No, All this is doing is buying time, instead of a catastrophic collapse all at once, you are going to see gradual decay, as the governments throw more and more money at this, eventually they will come to the point that all currencies in the G20 are worthless. At that point, they will forgive all debt, and institute a new currency based on the reserves held by the G20. This will be a welcomed sign from all the people as before that happens, you will see massive unemployment, poverty, and starvation, disease, and war. People will be sick of it all and this will be a sign, a ray of hope for all people that have suffered through all this.

Do I think its the end times? No, do I think we are in for a ride, and a convergence into a massive new government? Possibly. Do I think its evil? At first it won't people, it will be exactly what people want, but just like any empire, there is a rise and a fall. This one will be no different.

This is all my opinion anyway, I'm just looking forward to seeing aliens tomarrow

. Blossom told me so.


Cheers,

Camain

Originally posted by camain
my personel opinion is that you will continue to see gains, up to the point that the government actually buys stocks. Keep in mind, they didn't buy anything last friday, or today, they only stated that they would.

I agree the government will proably start buying stocks out in the open. They might announce a plan to take government holdings private on the stock exchange. They could get thier own ticker symbol (GOV).

The Bush administration will invest about $125 billion in nine of the biggest U.S. banks, including Citigroup Inc. and Goldman Sachs Group Inc., in the government's latest attempt to shore up confidence in the financial system.

The proposed cash injections in exchange for preferred shares are part of a $700 billion rescue approved by Congress and follow similar moves by European leaders to unfreeze credit markets by helping beleaguered banks. The other companies are Wells Fargo & Co., JPMorgan Chase & Co., Bank of America Corp., Merrill Lynch & Co., Morgan Stanley, State Street Corp. and Bank of New York Mellon Corp., said people briefed on the plan.

they are going to buy 125 billion in preferred stock and then invest another 125 billion in healthy banks

Another $125 billion will be used to recapitalize other financial institutions around the country, the people said. Neel Kashkari, the U.S. Treasury official overseeing the rescue of the financial system, yesterday said the equity purchases will be aimed at ``healthy'' firms.

Source

this is why there was a big gain monday on the DJIA.

[edit on 10/14/2008 by Mercenary2007]