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Stock Market today?? (Thanks)

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Elspeth Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 11:13 AM
Original message
Stock Market today?? (Thanks)
Just wondered. Asian markets did poorly again.
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LakeSamish706 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 11:15 AM
Response to Original message
1. DOW looking much better than it did this AM... Was down 300 + points...
now down only 57 points.
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Elspeth Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 11:16 AM
Response to Reply #1
3. Thanks.
..
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Wednesdays Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 11:19 AM
Response to Reply #1
7. *Much* better?
My ticker shows it's down around 200 now. :shrug:
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SidDithers Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 04:28 PM
Response to Reply #1
17. TSX bounced back today. Up over 500 pts...nt
Sid
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TheUniverse Donating Member (954 posts) Send PM | Profile | Ignore Tue Jan-22-08 11:16 AM
Response to Original message
2. If you wanted to get in the market, today nwould be a good day.
Buy at a discount.
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tekisui Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 11:17 AM
Response to Reply #2
4. Tomorrow or next week would be better.
Bigger discount.
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TheUniverse Donating Member (954 posts) Send PM | Profile | Ignore Tue Jan-22-08 11:18 AM
Response to Reply #4
6. Yikes, Then Im gonna lose even more money.
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Lone_Star_Dem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 11:19 AM
Response to Reply #2
8. Not so much now. No
Also, it's not done with it's correction. It's currently reacting to the rate cut, but when everything gets sorted out it will go back to its pattern of up some-down more.
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Lone_Star_Dem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 11:17 AM
Response to Original message
5. They were given an emergency .75 basis point rate cut
That's enough to give it a nice dead cat bounce.

It's a weird beast.

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tekisui Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 11:21 AM
Response to Reply #5
9. How many times can a dead cat bounce?
They can't make anymore drastic cuts, for awhile. Chimpy's stimuli only shake the hope of the world markets. With more bad economic news, what more quick-fix prop ups do they have?
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Lone_Star_Dem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 11:27 AM
Response to Reply #9
10. Eventually it will have to run its course
In the short term they know they can rely on the hubris of the US market investors to gloss over reality. However, they really don't have any more tricks left in their magic hat to dazzle the economy with.
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old guy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 11:36 AM
Response to Original message
11. There was little or no chance
the market would be allowed to fall to any great extent today. I don't see any huge loss, but more of a drip, drip, drip. Just saying.
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ThomWV Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 11:39 AM
Response to Original message
12. Down abut 200 right now, but if it like this after lunch it will recover very quickly
The fact that it didn't drop 500 points today will bring in the early wave of people picking up bargains.

That'smy guess, what's yours?
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Elspeth Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 03:40 PM
Response to Reply #12
13. Let's see
...
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catmandu57 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 04:16 PM
Response to Original message
14. I think we just witnessed the last desperate act of the ppt
they can't pull anything else out of their ass. The interest cut should have been the last move they can make there, the ppt is low on funds, they held things to a 128 point loss, but it's just to heavy to keep holding it up. 10,000 by the middle of Feb.
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radfringe Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 04:20 PM
Response to Original message
15. closed under 12k for today 11,9something...
wonder what tomorrow will look like?
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kelligesq Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 04:25 PM
Response to Original message
16. Yesterday gold was 860 something,today $894 - a shakeout and
big profit taking for somebodies, about $30 an ounce profit..
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