Down down to goblin town.
Posted on 06/04/2012 6:29:29 AM PDT by SoFloFreeper
Just saw the futures make a very dramatic turnaround...from -280 to mildly positive.
I figured the negatives were because of Japan...did something happen to turn the futures around?
Why is oil coming down? It is all for Obama.
“The dealer was showing a six...how did he end up with 21?” :)
The Fed meets June 20th. The only reason equity markets have been up at all for the past three years is: printing, printing and more printing, accompanied by interest rate suppression and debt monetization via Federal Reserve purchases of Treasury bonds.
Should the market slide extend itself (and especially if short US bond rates go negative), I think it likely that we'll get one more injection of QE liquidity - i.e. - another dose of monetary heroin from our friendly neighborhood dope dealer, Bennie "The Pump" Bernanke.
And it will work - for a brief time; far briefer in fact than the last "fix", which has worn off and left the economy shivering, curled up in the fetal position, sweating and rocking back and forth. After that, there's nothing left but withdrawal. And it's gonna hurt like hell.
QE3 is a done deal.
Yup. Another "stimulus". Printing more money. Whatever you want to call it.
Down down to goblin town.
Dead Cat Bounce????
Yes, it will happen. Will it start before or after the election in November?
You are not crazy, no matter what these late risers say. I heard the announcement on the radio this morning at 5am. Futures were down over 280pts. I just checked a few other finance forums and the threads have been deleted!
Do a search, you may still find a few workable links...I don’t have time and by the time I do...it will have all been wiped away.
The Fox News Futures ticker in the morning has been all screwed up recently. Somebody needs to take a look at it. I turn to the Fox Business Channel to get the correct reading in the morning. If you don’t get Fox Business, you can switch for a few minutes to CNBC to get a correct futures reading.
No, you were not the only one to notice the flip:
http://www.godlikeproductions.com/forum1/message1888130/pg1
Wow! Just flipped from -280 to -19! Guess the PPT is getting am early start.
Dow is down apprx 400 points since Thursday, down apprx 1,300 points since May 1st.
The “Dead Cat Bounce”
Now down 24.34
I know.
word on wall street is that Scott Walker survives the recall election tomorrow in a landslide, Obamacare gets waxed next week and a deal is in the works with romney transition to fix taxmaggedon....
Worth reading Zerohedge for up to date information on this sort of question.
It’s a “sky is falling, doom is here” alarmist group of folks (largely libertarian it seems), but they are right about a lot of stuff and update constantly with every little market move:
It’s been a rigged casino for several years now.
Wait 5 minutes.
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