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Stocks End Sharply Higher, Dow Surges 400
cnbc.com ^ | August 9, 2011 | JeeYeon Park

Posted on 08/09/2011 1:23:01 PM PDT by ilovesarah2012

Stocks saw its biggest one-day gain since May 2010 Tuesday after a wild session as investors snapped up beaten-down stocks and following a Fed statement to keep interest rates near zero for at least two more years.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy
KEYWORDS: bhodjia; downgrade
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To: ilovesarah2012
“Sal Arnuk, co-manager of trading at Themis Trading. “It seems like the Fed doesn’t know what to do and they’re running out of clever ideas—that’s what pulled markets down. On the other hand, we have fairly cheap equities.”

In other words, we are a ship without a captain and are just drifting along waiting to see what we hit.

21 posted on 08/09/2011 1:42:46 PM PDT by tobyhill (Real Spending Cuts Don't Require Increasing The Debt)
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To: Sacajaweau
If you take all your money out, the only place is the mattress

Well, we could loan it to the US for next to nothing or we could loan it to these same corporations at ridiculously low interest rates. Or, we could stay as owners and perhaps get some upside income potential.

22 posted on 08/09/2011 1:43:18 PM PDT by Raycpa
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To: ilovesarah2012

I read that Jim Rogers is out of gold....supposedly Soros as well.


23 posted on 08/09/2011 1:44:03 PM PDT by Aria ( "If we ever forget that we're one nation under God, then we will be a nation gone under.")
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To: NVDave

Most of the volume on the NYSE isn’t initiated by human decision.

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I guess those wacky computers programmed themselves?


24 posted on 08/09/2011 1:50:32 PM PDT by dmz
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To: NVDave

As someone said, when you see a machine oscillating like this it is time to step away because it is about to self-destruct.

The computer trades make it go mad. They kick in and run with the throttles to the firewall or the brakes on the same. The people traders feed on the action and the whole system goes into distorting destructive harmonic until it finally blows up and someone steps in with something to calm it or hit the reset button.

Wild.


25 posted on 08/09/2011 1:51:14 PM PDT by Sequoyah101 (Half the people are below average.)
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To: ilovesarah2012

I can say with absolute confidence that there is no gold bubble at this time, because I haven’t bought in yet. The day I do buy into gold, the bubble will be confirmed, and will most likely burst only moments after I take a large position.

People can make a lot of money contrarion investing using me as the benchmark.


26 posted on 08/09/2011 1:52:45 PM PDT by kevao
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To: ilovesarah2012

Gold is higher than it has ever been, even adjusted for inflation.
The last time it was near this high was in the early 80’s when it was $1550 in today’s dollars (~$800 then).


27 posted on 08/09/2011 1:53:11 PM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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To: ilovesarah2012

Fed statement to keep interest rates near zero for at least two more years. (translation - We will print money as needed.)


28 posted on 08/09/2011 1:55:39 PM PDT by stocksthatgoup (Common sense although common knowledge is seldom common practice.)
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To: Bean Counter

“Stocks saw its biggest one-day gain since May 2010 Tuesday after a wild session as investors snapped up beaten-down stocks and following a Fed statement to keep interest rates near zero for at least two more years.”

Or until we experience a total collapse which they have no idea how to avoid.


29 posted on 08/09/2011 1:56:04 PM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: NVDave

Was the big volume on July 22 from the Euro mess? I can’t remember, there have been so many events this summer.


30 posted on 08/09/2011 1:57:40 PM PDT by Sequoyah101 (Half the people are below average.)
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To: NVDave

Was the big volume on July 22 from the Euro mess? I can’t remember, there have been so many events this summer.

Looks like somebody knew something then about something because the trend has been down ever since.


31 posted on 08/09/2011 1:58:18 PM PDT by Sequoyah101 (Half the people are below average.)
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To: ilovesarah2012

Awesome!


32 posted on 08/09/2011 1:59:11 PM PDT by FightThePower! (Fight the powers that be!)
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To: NVDave

Actually with HFT most of the market volume in the last year or more was only the 5 money center banks in NY.


33 posted on 08/09/2011 2:00:25 PM PDT by Captain Peter Blood
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To: Aria

Jim Rogers may be out of gold, but he owns enough farmland to feed his family —and the rest of Singapore


34 posted on 08/09/2011 2:07:27 PM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: NVDave
The guys in the funny jackets, aka “specialists,” are the last of a dying breed.

Ya, well,they're not getting covered by the endangered species act so they better get with da program and stop rocking da boat.

35 posted on 08/09/2011 2:11:35 PM PDT by Calusa (The pump don't work cause the vandals took the handles. Quoth Bob Dylan.)
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To: ilovesarah2012

Never buy gold as an investment, just as a last resort in case of hyperinflation.


36 posted on 08/09/2011 2:13:36 PM PDT by fortheDeclaration (When the wicked beareth rule, the people mourn (Pr.29:2))
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To: kevao

You and me both.


37 posted on 08/09/2011 2:28:14 PM PDT by Sequoyah101 (Half the people are below average.)
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To: NVDave

I don’t think we had capitulation yesterday. Buying in either direction is very risky. Today volume in NYSE was over 8.55 Billion shares. The last 20 minutes was remarkable. Its a big boys club, you and I are not in it.


38 posted on 08/09/2011 2:48:26 PM PDT by Orange1998 (Obama also inherited AAA credit rating.)
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To: Perdogg

So w/o QE3, we get deflation. That correct?


39 posted on 08/09/2011 3:11:22 PM PDT by petercooper (2012 - Purge more RINO's.)
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To: dmz

Some of the neural net systems out there now do.


40 posted on 08/09/2011 4:50:47 PM PDT by NVDave
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