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Old 10-14-2008, 01:21 AM
 
5,350 posts, read 8,909,594 times
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In trading we don't have time to ask why in a fast moving market. It's after the trade that we ask why so we might learn from it. Huge gain on Monday! According to most news source, investor confidence is restored because of the government bailout, excuse me, rescue plan. But we have heard this before and it didn't work. Why does it work now? I think it has something to do with the US government buying stakes in bank. Now if you are a seller, there is no better buyer than the US government with its printing press and taxpayers money. I believe there are traders and investors who believe that the US government will step in and buy stocks from them in the future. I wonder if some of them missed the fact that Uncle Sam will be buying preferred stocks, which have nothing to do with common stocks.
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Old 10-14-2008, 02:03 AM
 
Location: western East Roman Empire
8,089 posts, read 11,898,332 times
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I have the sense that stock markets worldwide are reacting to the coordinated set of measures designed, most of all, to avert a depression.

To be sure, we still have a sharp recession to deal with and there is every chance that stock markets will drift lower over the next six months to two years or who knows how long.

Look, we are fooling ourselves if we believe that we live in a free market environment; we have been and will continue to live in a hodgepodge of free markets, manipulated markets, and various forms of socialism, and globalization in this muddled framework is set to deepen, not necessarily accelerate, but deepen.

Now, short of a totalitarian regime, we are all more or less free to arrange our affairs and place our bets in this environment, in part according to one's skills and in part according to the hand that is dealt, both by nature and the social environment.

Good luck!
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Old 10-14-2008, 02:10 AM
 
Location: San Diego
940 posts, read 2,951,645 times
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what's with the title? erecting hard? wow! ok. lol.
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Old 10-14-2008, 02:47 AM
 
Location: western East Roman Empire
8,089 posts, read 11,898,332 times
Reputation: 8112
Quote:
Originally Posted by SouthCali4LifeSD View Post
what's with the title? erecting hard? wow! ok. lol.
Actually it's quite appropriate if you imagine the latest measures as a surge of vital blood injected into the world financial organ.
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Old 10-14-2008, 08:30 AM
 
Location: US
1,189 posts, read 3,733,177 times
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Quote:
Originally Posted by bale002 View Post
Actually it's quite appropriate if you imagine the latest measures as a surge of vital blood injected into the world financial organ.
But it can't stay propped up forever, it has to come down eventually.
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Old 10-14-2008, 09:12 AM
 
Location: Charleston, SC
5,615 posts, read 13,526,973 times
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Quote:
Originally Posted by southcali4lifesd View Post
what's with the title? Erecting hard? Wow! Ok. Lol.
verah nice!
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Old 10-14-2008, 09:16 AM
 
523 posts, read 1,330,026 times
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Expect it to go limp again after this big explosion is over.
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Old 10-14-2008, 09:54 AM
 
5,350 posts, read 8,909,594 times
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Quote:
Originally Posted by SouthCali4LifeSD View Post
what's with the title? erecting hard? wow! ok. lol.
Hopefully the thread title didn't offend anyone. I borrowed the language from the movie "Kate & Leopold". In this movie, a character time traveled to the past when language usage was different.
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Old 10-14-2008, 09:59 AM
 
Location: San Diego
940 posts, read 2,951,645 times
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some responses in here left me busting up laughing!
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Old 10-15-2008, 08:29 AM
 
706 posts, read 1,207,830 times
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If it lasts over 4 hours you are supposed to call a doctor !!!
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