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Opening Bell 1/22/08 Live Thread
1/22/08 | Self

Posted on 01/22/2008 5:03:46 AM PST by al baby

Global stock markets extended their shakeout into a second day Tuesday, plunging amid worries that a possible U.S. recession will cause a worldwide economic slowdown. The dramatic declines were expected to spread to Wall Street, where stock index futures were already down sharply hours before the trading day began


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To: spectre

Checking some of my stocks to find 1 with a huge glimmer of hope/stability. It was one I was thinking of dumping this week if things get as sloppy as they say...changed my mind to hold and potentially buy near the end of the week.

Glad I didn’t panic and make a rash decision. I’ve ridden things out before and it looks like I’ve got a few decent picks...solid and stable inspite tough times.


41 posted on 01/22/2008 5:35:20 AM PST by EBH (Loose lips sink ships.)
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To: the invisib1e hand

“markets all around the world. additionally, us stock futures start trading earlier.”

Yes, but what do the futures consist of? In other words, if the nite before last on-line, I put in to sell x amount of share of a stock I own, and the markets didn’t open until this morning (Tuesday), are my shares I’m selling considered a future, as they were a pending sale until this morning? What is considered a future?


42 posted on 01/22/2008 5:35:55 AM PST by flaglady47
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To: listenhillary

“”The 75 basis point rate cut is fine but we still need our $800/$1600 stimulus package 10% flat tax rate for all.””

I’ll take the $800/$1600 package for now...its an election year and no one is going to come up with any meaningful; long-term economic solution. The good thing about the $800/$1600 package is that it helps to train the people that getting tax money back from the government is a better economic solution than tax & spend.


43 posted on 01/22/2008 5:36:15 AM PST by NRG1973
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To: Liberty Valance

The Prime Rate should go down to 1.5 - 1.75%, I truly believe...


44 posted on 01/22/2008 5:36:35 AM PST by LiveFreeOrDie2001
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To: al baby

Even with the fed cuts if it doesn’t drop or correct itself now when will it then?


45 posted on 01/22/2008 5:37:25 AM PST by Santa Fe_Conservative (The RINOs think that they have won but we shall see who has the last laugh in '08...)
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To: flaglady47

a future is a separate contract, related to a stock index as a whole, not to individual shares.


46 posted on 01/22/2008 5:38:00 AM PST by babble-on
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To: al baby

Thanks for starting this thread. I thought we needed one today to follow the happenings. A lot is at stake.


47 posted on 01/22/2008 5:38:05 AM PST by GOP_Proud (The problem with us Republicans is we really don't want any of these guys.)
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To: al baby

I think, that by the end of the day, your beeber will be stuned.


48 posted on 01/22/2008 5:38:55 AM PST by rattrap
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To: the invisib1e hand
Bernanke does't strike me as the type to drop rates just for the market

I didn't think so either.

But then I thought about all the people who will get margin calls if the market drops precipitously. Maybe this is one of the main reasons they dropped the rate this morning...to try to avoid this.

49 posted on 01/22/2008 5:38:56 AM PST by what's up
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To: NRG1973

800/1600 would be nice, but...

We need lower corporate tax rates, they have been coming down all over the world, except the in US. Except for the weak US dollar, there is no incentive to invest here now.


50 posted on 01/22/2008 5:40:24 AM PST by FreedomProtector
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To: jiggyboy

Based on what I’ve seen in the last half hour, CNBC will find every permabull from the last year and give them uninterrupted segments, one after another, all day long.

There is absolute denial so far this morning that there is something out of the ordinary here, both today and in the past two weeks. “Today U.S. stocks are on sale”, “we’re due for a bounce and it will be a big one”, “we’ve seen this before, think about LTCM”, etc.

Never mind my earlier post about futures getting back to lows by the close; the way they’re steadily dribbling away since the initial spike up, they might make the round trip before we even open. And if that happens, it’s 1000 points off the DJII by the end of the day.

OMG Joe Kernan just asked Cramer about “the steady hand of the Fed”!


51 posted on 01/22/2008 5:40:52 AM PST by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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To: jiggyboy

Joe Kernen was on a cigarette break when they were handing out brains


52 posted on 01/22/2008 5:42:43 AM PST by babble-on
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To: FreedomProtector

“”800/1600 would be nice, but...

We need lower corporate tax rates, they have been coming down all over the world, except the in US. Except for the weak US dollar, there is no incentive to invest here now.””

You are technically correect, but its an election year and no one is going to pass anything meaningful. Also, the left wing hates corporations, so the Democrats won’t agree to corprate tax rate cuts at this time. They still are unpopular with the left because they haven’t stopped the Iraq War.


53 posted on 01/22/2008 5:42:48 AM PST by NRG1973
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To: Kaslin

Those on this forum and elsewhere that seriously believe the liberals or any other political group can control the markets are nutso. To the extent tax cuts and increases can do so they are right, but that is minimal compared to actual events occurring in the market place such as earnings, which in the end determines market movement.

Although many individuals are invested in the markets the overall impact of the individual investor who may panic in the face of bad news is dwarfed by the big boys who will see value where others see only straight down for a s long as can be imagined. It was Nathan Rothchild who said “The time to buy equities is when the blood is running in the street”

Put on the waders and jump on in, the time is right.


54 posted on 01/22/2008 5:43:22 AM PST by aroundabout
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To: jiggyboy

best thing about the Bear Market has been watching that psychotic puke Cramer lose money (and his mind)


55 posted on 01/22/2008 5:43:30 AM PST by babble-on
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To: SE Mom
And won't all this cause inflation?

Carolyn

56 posted on 01/22/2008 5:43:49 AM PST by CDHart ("It's too late to work within the system and too early to shoot the b@#$%^&s."--Claire Wolfe)
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To: jiggyboy

Listening to CNBC- I get the sense they’re just going in circles.


57 posted on 01/22/2008 5:44:15 AM PST by SE Mom (Proud mom of an Iraq war combat vet)
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To: aroundabout

and don’t forget momentum. With long bull trends in place a lot of people buy what’s going up, meaning its value gets even further out of kilter, which means that when it returns to fair value a lot of people get hurt.


58 posted on 01/22/2008 5:45:07 AM PST by babble-on
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To: SE Mom

Futures Dow Jones Industrials -283.00

Were down -525 earlier this morning


59 posted on 01/22/2008 5:46:03 AM PST by listenhillary (A government big enough to give you everything you want is big enough to take everything you have.)
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To: listenhillary

283 still ugly, but I can take it. 500 starts looking like an honest to go crash, and probably would have brought out retail sellers in panic mode


60 posted on 01/22/2008 5:47:03 AM PST by babble-on
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