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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: mware
SPECULATORS SELL?

Goldman Sachs said if all speculative length were liquidated on the oil markets, prices could drop to the low $80s, but fundamentals of supply and demand would probably prevent funds from selling out completely.

"Fundamentals continue to show little sign of weakness and suggest that the recent sell-off is overdone," Goldman Sachs wrote in a note.

http://news.yahoo.com/s/nm/20080122/bs_nm/markets_oil_dc_11;_ylt=AgxSbq70Nmw3ktsdEBqNjLME1vAI

61 posted on 01/22/2008 5:47:53 AM PST by 300magnum (God grants liberty only to those who love it, and are always ready to guard and defend it. D.Webster)
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To: Santa Fe_Conservative

The markets will cease dropping when the traders perceive the prices of individual stocks present a good value as they look about 6-9 months down the road. Right now the turmoil is much more a product of the great uncertainty regarding the sub prime mess then any fundamental
weakness(s). The markets despise uncertainty and will always assume the very worst in the face of it.


62 posted on 01/22/2008 5:48:13 AM PST by aroundabout
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To: All

Does the new FOX business station have streaming? I’m at their site but don’t see it’s available


63 posted on 01/22/2008 5:48:17 AM PST by SE Mom (Proud mom of an Iraq war combat vet)
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To: jiggyboy

WOW! Rick Santelli is beating up Cramer for beating up on the Fed! “Look Jim, you’ve been bullish on this market for months!” They ended that segment PDQ!


64 posted on 01/22/2008 5:48:20 AM PST by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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To: flaglady47
a futures contract is not a stock. it's a completely different animal.

your stock trades as a stock when the stock market is open.

Futures are another way of trading things (stocks, stock indexes, etc. etc). Because they are an alternative market for the same or similar instruments (stocks, for example), their prices are indicative of the price of those assets (in the stock market, for example).

You could also trade stock futures and stock index futures if you were up for it, but it's generally a tool best left for professionals. and the entry fee is a bit high (as a it should be), because it's a much riskier market.

65 posted on 01/22/2008 5:48:33 AM PST by the invisib1e hand (if you can't stand the heat, get out of the melting pot.)
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To: jiggyboy

ha ha Cramer!!

The FTSE is now UP on the day.


66 posted on 01/22/2008 5:49:08 AM PST by babble-on
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To: listenhillary
Futures Dow Jones Industrials -283.00

Were down -525 earlier this morning

We were down about 650 earlier then that.

67 posted on 01/22/2008 5:52:01 AM PST by aroundabout
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To: the invisib1e hand

“u could also trade stock futures and stock index futures if you were up for it, but it’s generally a tool best left for professionals. and the entry fee is a bit high (as a it should be), because it’s a much riskier market.”

Thanks a lot for explaining that. Now I know that which I didn’t know before. It’s always good to learn a new tidbit of info. So, I am not a future, but just a simple stock, LOL!


68 posted on 01/22/2008 5:52:08 AM PST by flaglady47
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To: babble-on

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

Much thanks. I’m learning, slowly but surely.


69 posted on 01/22/2008 5:53:15 AM PST by flaglady47
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To: babble-on

I agree 110%. That’s a show all unto itself. :)


70 posted on 01/22/2008 5:55:16 AM PST by cinives (On some planets what I do is considered normal.)
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To: al baby
I hacked into the PennDOT system, this oughta stir the pot a little
71 posted on 01/22/2008 5:57:41 AM PST by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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To: jiggyboy

Whoa...


72 posted on 01/22/2008 5:58:56 AM PST by SE Mom (Proud mom of an Iraq war combat vet)
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To: SE Mom

LOL gotcha


73 posted on 01/22/2008 6:00:41 AM PST by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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To: jiggyboy

There’s a full moon today. The loonies are taking over the asylum.


74 posted on 01/22/2008 6:03:19 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: jiggyboy

Now Cramer says BOA should back out of the Countrywide deal..


75 posted on 01/22/2008 6:16:39 AM PST by SE Mom (Proud mom of an Iraq war combat vet)
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To: aroundabout
I think a lot of big institutional investors are waiting for the full market correction and then buy a huge amount of stocks "on the cheap." If I were Warren Buffett I'd hold a lot of precious metal positions and then once the market bottoms out, buy a lot of depressed stocks with gold/silver/platinum and make a financial killing a few years from now.
76 posted on 01/22/2008 6:18:43 AM PST by RayChuang88
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To: aroundabout

Could be one those few days where the lower Manhattan bars are full before the Bell.


77 posted on 01/22/2008 6:19:06 AM PST by AU72
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To: al baby

I think cooler heads will prevail by the closing bell today.


78 posted on 01/22/2008 6:20:03 AM PST by Badeye (No thanks, Huck, I'm not whitewashing the fence for you this election cycle)
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To: aroundabout

Man...we usually do not see such a quick stabilization, but the day ain’t over yet Ya think maybe yesterday’s action in overeseas markets market was planned (timed) as US markets were closed yesterday? That is, to give US investors (banks and all) time to re-position to liquidate for the upcoming margin calls? The big fund guys, I mean? Most individuals (small time independent investors) do not have access to futures.....all they could do was put a sell order in for this morning.


79 posted on 01/22/2008 6:24:09 AM PST by RSmithOpt (Liberalism: Highway to Hell)
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To: aroundabout

As of 10 minutes ago, 9:11est, its -427.


80 posted on 01/22/2008 6:25:04 AM PST by Post-Neolithic (Money only makes Communists rich Communists)
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