Are You Watching The Stockmarket? The other shoe is dropping...

[Blackhatjack]

.... the FED and Other Central Banks are injecting MASSIVE BILLIONS OF DOLLARS in the economies, and CNBC said given the size of the injections the message being sent is that they will continue to inject $$$ no matter how large until the markets are recapitalized... forget the worries about inflation.

This is a global crisis playing out in real time...

[busymom]

1. Could the fed inject a few hundred thousand into my account?

It's just petty cash at this point.

[Kokonoe]

16. No, that would just fix everything.

We need to pay the repair man, or were all doomed.

[BlueInPhilly]

24. Efficient Market Hypothesis!!!

The benefits of the deal have been factored in well in advance, and now, people are taking in the profit.

And this is why CAPITAL GAINS TAX SHOULD NEVER EVER BE TAKEN OUT!!! It doesn't deter profit takers as it is written right now, which adds to market volatility. What makes those dumb Republicans think that things would change? Human nature is all about GREED. You cannot change it, you can only slow it, or regulate it.

Nothing here, folks. Move along.

[1corona4u]

2. Pretty quiet in here....

Helloo....guess no one cares...;-)

[gateley]

3. I'm watching a stock a friend of mine owns - and my heart is breaking for him.

You are absolutely right in saying it is a GLOBAL crisis.

[BlueIdaho]

4. The fact that Wall Street doesn't like this deal

Is a good sign. My guess is they got what they needed but not what they wanted.

[cali]

10. bwahahaha. wall street is putting pressure on the house to pass the deal.

furthermore, watch the DJIA. It falls everytime someone speaks out against it in the house debate. If you think wall street doesn't want this deal, you're delusional.

[BlueIdaho]

27. Wall street wanted the Paulson deal - this one, not so much...

Too much Government involvement, too few perks for the good old boys, too many strings attached. Hey - I'm not wild about this deal but if you think this is not a real financial crisis - then I'm afraid you are the delusional one.

[Blackhatjack]

5. "Fed pumps more dollars into global markets to ease strains" LINK

Foreign financial institutions are failing, and the bailout deal in the US is no cover for them.
We are looking at a potential meltdown --- which the Fed and other Central Banks are throwing all the $$$ they can at the problem, inflation and currency devaluation ignored.

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B15C23F93%2D3C39%2D4F6D%2DAFF2%2D9345CDF61917%7D&siteid=mktw

"Fed pumps more dollars into global markets to ease strains"

By Greg Robb
Last update: 10:02 a.m. EDT Sept. 29, 2008

WASHINGTON (MarketWatch) -- The Federal Reserve on Monday announced that it was providing more liquidity into global money markets to ease recent strains. The Fed said it was boosting the size of its auctions of liquidity to commercial banks and the size of its swap agreements from a number of foreign central banks to $620 billion from $290 billion. In addition, the Fed announced a new forward auction to provide lending to banks over the year-end. "These steps are undertaken to mitigate pressures evident in the term funding markets in the United States and abroad," the Fed said in a statement. "By committing to provide a very large quantity of term funding, the Fed actions should reassure financial market participants that financing will be available against good collateral, lessening concerns about funding and rollover risk," the Fed added. Central banks stand ready to do more, the statement said.

[Blackhatjack]

7. "DOW INDUSTRIALS DOWN 300 POINTS; GOLD TOPS $900 ON SAFE-HAVEN BUYING" Link

http://www.marketwatch.com/

[K Gardner]

15. Argh... I was watching C-Span and couldn't see the tickers.. yikes.

[L0oniX]

31. I just bought $40000 in gold bullion this morning

The price has been up since then as much as $16.20

[L0oniX]

32. "Fed pumps more dollars" ..should really be - Fed prints more dollars.

[nyc 4 Biden]

6. I don't have money invested in the markets right now but...

IMO the bailout gives me less confidence to ever invest in the future.

Why should companies work hard for their shareholders when they know they can get bailed out when they fail? I think the bailout undercuts investor confidence in the fairness of the markets.

You run your company right and you succeed, if you don't you go under. Isn't that how this is supposed to work?

[eshfemme]

8. This also kinda shows the other world governments that their smug "It's America's problem, not ours"

was completely fucking wrong. Hence why Obama's point about how it was global and needed to have foreign coordination is so true. But I can't help but be peeved that the bankers responsible weren't necessarily Americans but it's the American taxpayer paying to have it cleaned up.

[busymom]

11. Actually, my husband is german and we read the german news daily...

Never has it been insinuated that it was America's problem...and most europeans don't actually want to see us fail...Don't believe everything you hear on faux news.

[eshfemme]

14. There was some outreach by the American govt to foreign leaders

There was an attempt for some initiative that might inject some foreign capital along with the government's planned infusion but that never materialized and those leaders basically told us that it was America's problem to solve.

Most likely, there is a disconnect between what is said in public and what is actually being done. It's likely bringing out the protectionist instincts in all politicians, much less foreign governments. I'm pretty sure that the British at least refuse to have anything to do with contributing anything to help but British banks are in need of the capital the American "bailout" would inject. The German finance minister has gone on record as saying that America is no longer a superpower (http://www.ft.com/cms/s/0/1d6a4f3a-8aee-11dd-b634-0000779fd18c.html?nclick_check=1) and basically blamed America for this crisis.

So I'm sorry but that's what I've been reading through HuffPo. I don't even watch Fox News at all except in YouTube clips that mock it.

[busymom]

17. Well. America really has lost her superpower status recently....

We need to get a serious grip over here.

Honestly...how can we consider ourselves a superpower anymore? Bush has bankrupted this country. The value of the dollar has declined, we hardly produce anything anymore, we outsource a lot of our jobs, we don't provide universal healthcare, we are the biggest users of energy on the globe...we have no real network of public transportation as an alternative to driving....

We ARE losing ground. Sorry. It's true.

[eshfemme]

23. Sorry I should have made that sentence clearer

We're probably still a superpower by dint of our sheer size since evidently, the collapse of our financial markets is just dragging the entire world economy down with the sheer weight of the collapse but you are right that we are declining.

However, if you read the FT article, the German Finance Minister was basically blaming America and pushing everything onto us despite the problems Germany might face too with a global recession. So yeah, the America isn't a superpower comment was probably an unwarranted comment after everything he was saying-- it's like kicking dirt in someone's face after they're down.

[chicagoexpat]

9. Traders & the markets are irrational, but, hey, don't say anything against the free market

[ClarkUSA]

12. The Bank of England injected £5 billion into their markets weeks ago

This is not unprecedented. A British and Dutch bank was partially nationalized today along with a huge German real
estate company, with billions of debt bought by taxpayers. French, Icelandic, and Russian banks are looking for
infusions of capital as we type.

[Blackhatjack]

21. An additional infusion of $330 billion increasing to $620 billion is unprecedented...

given the previous infusions that have not begun to solve the problem.

[ClarkUSA]

26. It may be unprecedented but it is needed at the moment to inject liquidity into the credit market

There's a global credit market crisis right now, so expect more unprecedented infusions worldwide.

[ellie]

13. The first thing

that came to mind was that it is a scare tactic to get the bill passed. Now I must lie down in my tin-foil covered room.

[L0oniX]

18. Fuck it ...I just bought $40000 in gold.

Gold jumped up $14.20 today so far.

[scheming daemons]

19. So... you apparently subscribe to the "buy high, sell low" philosophy..... LOL

Gold isn't going much higher.


In 3 months, gold will be down 25% as this bailout starts to take effect.

[L0oniX]

22. DOH ...it has gone up $14.20 today already.

What you don't get is that the Fed is going to print up money to do this bail out and that means the dollar is going to drop.

OOOOPS ...hmmmm gold just went to $16.20

http://www.monex.com/liveprices

[ShortnFiery]

29. Hyper-inflation: EXACTLY what happened in 1930s Germany.

Clueless bastards! The road to Hell is paved with good intentions. :grr:

[TornadoTN]

30. The 1930's Germany analogy is quite apt

Interesting analogy you make - how funny our "intelligent" leaders forget the basics of Economics and run with their own little narrow world view.

You know what they say about history repeating itself.

[kenny blankenship]

20. They went into the weekend thinking a deal was assured, then after hours it was off

this am is the first chance for the market to register its fear and disappointment about that.
And the sound of the other shoe dropping will the NYSE circuit breaker tripping, something like a half an hour after the opening bell. Then they halt trading for an hour and maybe after they reopen the breaker trips again.
If a vote fails and Republicans go into full obstruction mode, who knows?

[fed_up_mother]

25. goes down, comes up a little, goes farther down, comes up a little. wash. rinse. repeat.

Like watching the gasps of a dying man.

....


....


Ok, that was morbid.

[ShortnFiery]

28. Why do these democratic representatives so EASY to spend *our money?*

:grr: