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Getbig Main Boards => Politics and Political Issues Board => Topic started by: calmus on September 14, 2008, 06:12:40 PM

Title: DJIA to hit 9000s tomorrow?
Post by: calmus on September 14, 2008, 06:12:40 PM

A distinct possibility.  The Fed's finally acting like its overextended.  Could be all she wrote for a lot of people.

Although Ken Lewis's powerlust might soften the fall a bit.

Title: Re: DJIA to hit 9000s tomorrow?
Post by: Bindare_Dundat on September 14, 2008, 06:21:50 PM

The talking heads will say that the market has "gained CONFIDENCE," or "was elated," or whatever other tired old phrase they dig up due to BOA acquiring Merrill.

Title: Re: DJIA to hit 9000s tomorrow?
Post by: calmus on September 14, 2008, 06:23:44 PM

Wonder if Ken Lewis will buy Merrill without getting the almighty Fed to give him the guarantees BofA needs. I actually own BofA stock, so it will be interesting to see what happens. Prob ably nothing good.

Title: Re: DJIA to hit 9000s tomorrow?
Post by: Bindare_Dundat on September 14, 2008, 06:26:21 PM

Dollar is down almost 2%

Title: Re: DJIA to hit 9000s tomorrow?
Post by: Bindare_Dundat on September 14, 2008, 06:36:43 PM

Title: Re: DJIA to hit 9000s tomorrow?
Post by: Benny B on September 14, 2008, 06:47:01 PM

Bah!
Unless you play the market like you're in Vegas or you're a short seller...the world will not end.

Title: Re: DJIA to hit 9000s tomorrow?
Post by: calmus on September 14, 2008, 06:49:45 PM

If you're a short seller, you're probably going to be pretty happy tomorrow.

Title: Re: DJIA to hit 9000s tomorrow?
Post by: Benny B on September 14, 2008, 06:53:34 PM

Quote from: calmus on September 14, 2008, 06:49:45 PM

If you're a short seller, you're probably going to be pretty happy tomorrow.

indeed
dangerous game though