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Pale Blue Dot (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 09:58 PM Original message |
So what rescued the stock market today? |
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Wiley50 (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 09:59 PM Response to Original message |
1. Pigs saving Pigs n/t |
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napi21 (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 09:59 PM Response to Original message |
2. My guess is some greedy btd who figured it was bottomed out. nt |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 10:09 PM Response to Reply #2 |
11. Institutional buying is triggered when stocks hit the bargain bin |
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Selatius (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 09:59 PM Response to Original message |
3. I think the Fed infusing 38 billion into the market allowed big players to buy back the losses |
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nadinbrzezinski (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 10:01 PM Response to Reply #3 |
4. And WE HAVE A WINNER |
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Pale Blue Dot (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 10:05 PM Response to Reply #4 |
8. Isn't this like getting more credit to pay the debts you alredy have? |
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Selatius (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 10:11 PM Response to Reply #8 |
13. Yeah, but the Fed slashed the interest rates on this credit below market rates. |
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leftchick (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 06:10 AM Response to Reply #8 |
25. "stealing from Peter to pay Paul" |
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JFN1 (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 10:14 PM Response to Reply #4 |
15. Yup |
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Pale Blue Dot (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 10:02 PM Response to Reply #3 |
5. I knew about 12 billion of that |
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nadinbrzezinski (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 10:03 PM Response to Reply #5 |
6. I guess after they stopped trading for a little while |
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babylonsister (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 10:17 PM Response to Reply #3 |
16. That makes me sick, allowing the 'big players' room. And who |
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Selatius (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 10:21 PM Response to Reply #16 |
18. The Federal Reserve is a private for-profit corporation. The shareholder list is private information |
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SoCalDem (1000+ posts) Send PM | Profile | Ignore | Fri Aug-17-07 06:21 AM Response to Reply #3 |
26. the PPT in action..time after time n/t |
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roamer65 (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 10:03 PM Response to Original message |
7. The PPT. |
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nadinbrzezinski (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 10:07 PM Response to Reply #7 |
10. The money they put in |
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Purveyor (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 10:07 PM Response to Original message |
9. A rumor. The rumor that the Fed was going to hold an emergency meeting and cut interest rates. |
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angrycarpenter (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 10:09 PM Response to Original message |
12. optimism |
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bridgit (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 10:13 PM Response to Original message |
14. deeper levels of risk combined with greed... |
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whirlygigspin (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 10:22 PM Response to Reply #14 |
19. "don't worry about me, all my money's in Gold, Oil and Diamonds..." |
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bridgit (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 10:23 PM Response to Reply #19 |
20. sadly, that sounds about right... |
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capi888 (819 posts) Send PM | Profile | Ignore | Thu Aug-16-07 10:20 PM Response to Original message |
17. The Feds pumped in 7 Billion at noon today.. |
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babylonsister (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 10:45 PM Response to Reply #17 |
21. Today? I'm responding and forwarding. nt |
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whistle (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 11:01 PM Response to Original message |
22. Another $30 billion credit line to hedge funds |
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RB TexLa (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 11:04 PM Response to Reply #22 |
23. Hedge funds were selling oil futures to cover stock losses, they didn't need credit |
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whistle (1000+ posts) Send PM | Profile | Ignore | Thu Aug-16-07 11:09 PM Response to Reply #23 |
24. Certainly the banks needed it then |
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