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Old 10-28-2008, 02:10 PM
 
8 posts, read 16,499 times
Reputation: 22

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Well the news media doom and gloom can finally rest for a day, 900 points baby!!!!
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Old 10-28-2008, 02:28 PM
 
Location: Kansas
3,855 posts, read 12,318,930 times
Reputation: 1722
yeah that's just crazy. We were all talking about it in the office just now.
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Old 10-28-2008, 02:32 PM
 
Location: Backwoods of Maine
7,323 posts, read 9,112,912 times
Reputation: 20160
Nothing goes straight down forever. All the cheerleaders are out today with this rally.

Caveat emptor!
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Old 10-28-2008, 02:33 PM
 
Location: Georgia, on the Florida line, right above Tallahassee
10,474 posts, read 14,599,835 times
Reputation: 6379
Think of this market as a flounder out of water. As the flounder flounders it flounders up and then flounders back down. Eventually the flounder dies. At one time, there was its highest leap and there was its smallest leap.... but in the end....he died.

There is a debt to be paid. Last I recall, it was 1.2 trillion dollars. We are at about the ~650 billion mark. Which is about half. That rotten debt is buried somewhere. This market is toast.

TOAST.

Gloom and doom. I define a doomer as someone who thinks this is the end of the world as we know it. I'm not a doomer. I'm a realist. The U.S. can recover but it needs to redefine its goals. Right now, its goal is laissez faire in the good times and "Oh Shi* - Socialism!" in the bad. America is in a world of hurt.

That's what happens when you have one political party (Big business) with two branches. (Dems and republicans.) No matter who you vote for....you're still screwed.

Incidently, I'm voting for Obama...For change? you ask. Nah. I'm voting for him because I think Palin would suck at the job if McCain died. Otherwise, I don't think it really matters any more.

I wonder how many other people like me think that it doesn't matter any more.

I remember when I was in school and I was taught about the electoral college and how my vote doesn't count for dick. I forgot what grade it was...but that lesson has stuck with me ever since that time. I argued that my vote doesn't count. The teacher argued that is does count and that the college would vote for me. But that they can vote however they like. Which made no damn sense at all.

Electoral college - Wikipedia, the free encyclopedia

The electors generally cast their votes according to the winner of the popular vote in their respective states, but are not required by law to do so.

Electoral College (United States - Wikipedia, the free encyclopedia)
Except in the few closely fought swing states, it does not matter how many people turn out to vote. The Electoral College eliminates any advantage to a political party or campaign for encouraging voters to turn out, except in those swing states. It is possible to win the election by winning eleven states and disregarding the rest of the country.
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Old 10-28-2008, 03:00 PM
 
Location: Texas
4,938 posts, read 7,191,148 times
Reputation: 5517
wait until next week when the Fed futher cuts and rates in the real economy move in the opposite direction. I used today's rally as an entry point to get short again. I'll be buying some DXD on the open tomorrow. By this time next week, we'll be hovering closer to 8000 than 9000.
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Old 10-28-2008, 03:02 PM
 
Location: Charlotte, NC
2,193 posts, read 4,706,274 times
Reputation: 1075
Quote:
Originally Posted by 70Ford View Post
Think of this market as a flounder out of water. As the flounder flounders it flounders up and then flounders back down. Eventually the flounder dies. At one time, there was its highest leap and there was its smallest leap.... but in the end....he died.

There is a debt to be paid. Last I recall, it was 1.2 trillion dollars. We are at about the ~650 billion mark. Which is about half. That rotten debt is buried somewhere. This market is toast.

TOAST.

Gloom and doom. I define a doomer as someone who thinks this is the end of the world as we know it. I'm not a doomer. I'm a realist. The U.S. can recover but it needs to redefine its goals. Right now, its goal is laissez faire in the good times and "Oh Shi* - Socialism!" in the bad. America is in a world of hurt.

That's what happens when you have one political party (Big business) with two branches. (Dems and republicans.) No matter who you vote for....you're still screwed.

Incidently, I'm voting for Obama...For change? you ask. Nah. I'm voting for him because I think Palin would suck at the job if McCain died. Otherwise, I don't think it really matters any more.

I wonder how many other people like me think that it doesn't matter any more.

I remember when I was in school and I was taught about the electoral college and how my vote doesn't count for dick. I forgot what grade it was...but that lesson has stuck with me ever since that time. I argued that my vote doesn't count. The teacher argued that is does count and that the college would vote for me. But that they can vote however they like. Which made no damn sense at all.

Electoral college - Wikipedia, the free encyclopedia

The electors generally cast their votes according to the winner of the popular vote in their respective states, but are not required by law to do so.

Electoral College (United States - Wikipedia, the free encyclopedia)
Except in the few closely fought swing states, it does not matter how many people turn out to vote. The Electoral College eliminates any advantage to a political party or campaign for encouraging voters to turn out, except in those swing states. It is possible to win the election by winning eleven states and disregarding the rest of the country.
Yup. I remember learning about the Electoral College also. The teacher told us, the government didn't trust the people to vote correctly so they implemented the Electoral College.

Ironic huh? They can't trust us, but we're supposed to trust them when they are getting bribed...
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Old 10-28-2008, 03:35 PM
 
Location: Keller, TX
5,674 posts, read 5,618,930 times
Reputation: 4093
Quote:
Originally Posted by TexianPatriot View Post
wait until next week when the Fed futher cuts and rates in the real economy move in the opposite direction. I used today's rally as an entry point to get short again. I'll be buying some DXD on the open tomorrow. By this time next week, we'll be hovering closer to 8000 than 9000.
I sold DXD and bought DDM today. Took a hit on DXD but made up for it with DDM.

I'm back out of DDM, but I doubt we'll be much below 9000 for the foreseeable future. We'll see.
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Old 10-28-2008, 03:49 PM
 
Location: NW MT
1,436 posts, read 3,063,278 times
Reputation: 549
Quote:
Originally Posted by TexianPatriot View Post
wait until next week when the Fed futher cuts and rates in the real economy move in the opposite direction. I used today's rally as an entry point to get short again. I'll be buying some DXD on the open tomorrow. By this time next week, we'll be hovering closer to 8000 than 9000.
Quote:
Originally Posted by Nepenthe View Post
I sold DXD and bought DDM today. Took a hit on DXD but made up for it with DDM.

I'm back out of DDM, but I doubt we'll be much below 9000 for the foreseeable future. We'll see.
That's what makes it "The Market"....

Does anybody really know what time it is ?
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Old 10-28-2008, 04:12 PM
 
28,900 posts, read 49,486,743 times
Reputation: 46333
This isn't a sign of a rally. This is a sign that the market is manic depressive, is all.
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Old 10-28-2008, 04:14 PM
 
Location: Phoenix metro
20,005 posts, read 72,212,426 times
Reputation: 10250
Its good news, but this isnt the first time its happened this month. Id like to see at least several days of straight points gain to be somewhat confident. Time will tell....
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