dow predictions for 10/16/2008.

Why is he a hypocrite for saying how he thinks things should be? It's not like he can practice what he preaches.

"I'd like to get some electricity and a house."
-Ok, that will be money dollars.

"No, I don't like the idea of currency. Maybe I'll do something for you some day though."
-Get bent.

I'm not defending what he said, just pointing out that what you said wasn't quite right either. =)

I would love to see a world that doesn't use money. Just do what it takes to make the world go 'round. If everyone provides a service then everyone should also be able to consume or take advantage of them. Reality is that a lot of people are greedy, ignorant, and/or lazy so this type of system would never work.

In the real world, I have to hope that everything starts turning around so that my retired grandparents don't run into trouble, my parents will have some hope of retiring, etc...

reply to post by an0maly33


Good keep posting your anarchist/communistic replies so we can know who is really against the infrastructure of the United States. We are taking names!

reply to post by TH3ON3


So you are from the government then? guess what I can also be considere an anarchiest for the way I post and I think that our government is nothing more than a whole bunch of whores selling the American nation for corrupted greed.

will I be in your list for that post?

I have been long time reader but registered today. Don't know anything about economics, stocks aand bonds but I do invest. It was here at ATS that I learnt stock exchange is a fraud and learnt about Naked short selling and other ellegal things. The 30 day ban on naked short selling, I believe ended on 10/9/08 it was the next day that stock exchange lost 900 points or so. It also effected the crude oil prices. Ever since I have been watching stock movement with great interest. I may be wrong, but I observed the commodity and stock market is deffinitely manipulated by the speculators. Especially those (brokers etc) who has direct computer connection with stock exchange. Unless you are part of the insider speculators, you cannot predict which way the stock market will go. Off course we all can guess based on streaming data.

reply to post by marg6043


And if you are saying you are from the government when you are not, well...

I say Ban time.

reply to post by mkross1983


Sometimes people tend to use scare tactics to influence others when they do not agree with their post, it happen before and is happening now.

I have not problem if the markets crash, yes my husband retirement is in jeopardy but not because he did anything to it but because the greed of our financial institutions are at fault.

While they get bail out for their mistakes nobody is bailing out the American consumer for trusting them.

Originally posted by KaginD
I think its going to drop after the jobless reports come out and open at about -350. It will go up a bit, maybe even positive by noon. 2pm we will have a sell off as usual and the dow will lose again bringing it to about -400.. Maybe a close under 8000.. Just what I think.

So far I was right.. But the low was 380.. I should start a fortune telling business Now I have to wait till 2pm to see if it goes way down again. If only this wasn't the obvious that everyone can predict.. I'd start to think I can see into the future lol. Ah well.. Any more predictions?

Edit: Spelling

[edit on 16-10-2008 by KaginD]

You have to understand, that this is no longer just some rich group of people buying and selling stocks. We now have multi-billion, or trillion, dollar corporations, who can influence the market any way they want, for what ever reason they want. And they DO have agendas. If you were in their place, wouldn't you?

I get the feeling that these volatility swings are designed to remove confidence in the markets. For what reason does today 3pm swing yield such a rise? 10% swings are too much for a reasoned market.

it is making me dizzy watching it today, I sure wouldnt feel confident in investing any money in that. My father in law thought he was going to cut a fat hog the other day, gloated on monday and cried yesterday. I told him not to do it, but some genius on fox or something said to invest now it hit bottom.

Originally posted by Mainer
I get the feeling that these volatility swings are designed to remove confidence in the markets. For what reason does today 3pm swing yield such a rise? 10% swings are too much for a reasoned market.

I'm not sure if the swings are "designed" for a particular purpose, though I do remain quite willing to believe that it's possible.

I do, however, firmly believe that these swings are not the sign of a reasoned, or healthy, market. I've got a friend who makes his living from stocks; he's like some sort of unholy wunderkind when it comes to stocks. Dude's loaded, all from playing the investing game. He's been sitting out for a month now because he feels the markets are "sick" - all the markets, not just the Dow. Bond, Forex, all of 'em. Most of investors/daytraders I talk to are pulling back for the same reason. I know I'm not touching stocks with a 10 foot pole right now. The markets are sick, they're psychotic, and I don't think they're going to be healthy for a long time.

So if the things close positive today, does that mean it is over we are saved like on monday?

It is like watching a train wreck, for serious it is.

Oops. Markets up again +~400. Here comes the predictions trying to explain way how we could possibly ever end upwards in the Great Depression II.

It's always government manipulation on the up days, isn't it guys?


I wish people would give up trying to fear monger on 1 day stock swings. They mean nothing. Neither does a week. Or a month. Once we are down tremendously for a quarter, then you may legitimately show concern (but it still isn't time for ATS style hysteria).

One day swings are pointless. They don't mean anything, and the DOW especially doesn't mean anything because it has too few stocks to represent the overall economic health of the economy.

However, it never ceases to amaze me that on the down days the board is flooded with people predicting Armageddon, and all is silent on the up days - except the same cast of characters assuring us that this was not a legitimate swing and its all government manipulation - which only occurs on the days when it goes up.

Stocks are up because earnings are good. They didn't match the doom people were expecting. It has nothing to do with manipulation, its quite legitimate.

[edit on 16-10-2008 by LowLevelMason]

reply to post by dlongwell547


No it means that the 700 billion bail out is now a whooping 2.7 trillion bail out and that its only keeping the markets afloat, but no fixing the problem, this means that the now2.7 trillion of bail will keep multiplying to keep the markets on life support and at the end the tax payer and our nation will not longer be able to support neither the markets or the nation and its population.

2.7 trillion since the bill has been enacted only weeks so in a few more weeks that 2.7 trillion will very likely be 10 more trillion that will match the already ongoing national debt.

What a future.

Can somebody stop he madness that has taken over Washington and rescue our nation out of its misery!!!!!!!

We are dying !!!!!!!!!!!!!!

Originally posted by Mainer
I get the feeling that these volatility swings are designed to remove confidence in the markets. For what reason does today 3pm swing yield such a rise? 10% swings are too much for a reasoned market.

I told you. The market has been through severe financial upheaval and economic outlook uncertainties almost simultaneously. That's why the see saw. If you look up various economic news on the net, you find terms like "economic crisis" and "mild recession." There is a big difference between these two terms and that occasionally translates in a big difference in daily low and high in the market figures.

reply to post by marg6043


I just saw this link posted in a separate thread, which indicates the Eurorpean Union is urging the US to listen to their pitch for a one-world currency.

cosmos.bcst.yahoo.com...

reply to post by LowLevelMason


Wrong!!!!!!!!!!!!!!!! that is nothing but manipulations and the free blank check that our own government has given to the markets.

Nothing but an illusion my friend just an illusion.

reply to post by MOFreemason


I don't think that America will go for that without a fight this time, this will be like giving away our sovereignty.

Originally posted by marg6043
reply to post by LowLevelMason

 

Wrong!!!!!!!!!!!!!!!! that is nothing but manipulations and the free blank check that our own government has given to the markets.

Nothing but an illusion my friend just an illusion.

I knew it! So predictable. No, you're wrong.

Not a dime of the $700 billion has been spent yet, so NICE TRY. Also, if you looked at the market value of market swings, you would know that for every 100 points on the DOW it represents over $100 billion in market value. For a upswing of 400 points the government would have to have spent over 1/2 of its bailout package in 1 day. And your going to have to explain how they did that on Monday too, for a market value exceeding +1.4 trillion, over 100% over the total bailout package amount.

And then your also going to have to explain why they are letting the market fall at all if its all manipulation.

And, while your at it, you'll have to explain how it is that all the money was used to manipulate the markets instead of all the other purposes it had, which would have no impact on the market.

But I don't expect you to. You'll just keep believing what you want to believe.


[edit on 16-10-2008 by LowLevelMason]

reply to post by LowLevelMason


I notice you only post on "up" days. Why is that? You may think you are scoring a point for your "side" of the discussion, but it just makes you look unsure of your position.

This market is thrashing around too much. Exceptionally high and exceptionally low days in the same week are healthy to you? I would be more comfortable with a steady climb out of the cellar, these wild swings are dangerous.