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[ArtG]

Looks like we're getting a rally right now.
Watch for the sell-off in the last 15-30, though.

 

[Tamanon]

Rally monkey!

 

[ArtG]

We're really close to green. :O
(And, of course, when the puts on Amazon get cheaper, Sharebuilder reliably goes out of service again.)

 

[mre]

I haven't been paying attention for an hour. What's pushing this rally?!

 

[got2bekidding]

I haven't been paying attention for an hour. What's pushing this rally?!

Hope

 

[ArtG]

I haven't been paying attention for an hour. What's pushing this rally?!

Nothing.

 

[Kifimbo]

I haven't been paying attention for an hour. What's pushing this rally?!

Emotions.

 

[eznark]

You guys should listen to me more

 

[Deku Tree]

I haven't been paying attention for an hour. What's pushing this rally?!

G-7 Officials Say No `Harmonized' Response to Crisis

http://bloomberg.com/apps/news?pid=20601087&sid=aRCG.M86ZIiE&refer=home

 

[ArtG]

You guys should listen to me more

Apparently. Christ this is an amazing rally.

 

[Deku Tree]

Dow T8: 8,808

 

[eznark]

Apparently. Christ this is an amazing rally.

This whole thing happened on my way home from the office. I was watching Bloomberg on my iphone and just laughing.

 

[mre]

Thanks for the replies, guys. 22 minutes and counting. Hopefully we can end up.

 

[Tamanon]

There's a pretty big bull/bear battle going on, this thing is fluctuating like crazy.

 

[got2bekidding]

This whole thing happened on my way home from the office. I was watching Bloomberg on my iphone and just laughing.

:lol I was on the road too from feeding my mom's dog since she is out of town. When I left DOW was down 300+ and when I sat down at my place I see it was UP 120+ and climbing.

edit: 12mins driving distance or so just for perspective.

 

[Ether_Snake]

Except a sell off. No confidence is there.

 

[eznark]

Thanks for the replies, guys. 22 minutes and counting. Hopefully we can end up.

Beyond the obvious positives of a green number, financial sector stocks are fueling it.

JP Morgan and Citi are up 7%.

Except a sell off. No confidence is there.

I will not except a sell off

 

[Tamanon]

Holy fuck, it went from up 100 to down 100 in a minute. This is zany.:lol

 

[got2bekidding]

Ha, I get up to grab a glass of tea and we are back in the red. Niiiiiiice.

 

[Kifimbo]

Going back down big time.

 

[Tarazet]

Awesome. At the bottom, I cashed in on my puts and bought some KLAC shares. I also bought another KLAC put as a hedge, since I have a few long positions still open, but I made so much money this morning, even if ALL of my options became worthless right now I'd still have $1382.61, having invested around $1000 when I first opened up the account and nothing since.

 

[jamesinclair]

So, um, why arent we all day traders again?

 

[Evlar]

Wild divergences between S&P500 and DJIA... A moment ago Dow was down 1.2%, S&P down 0.3%. Less than five minutes later Dow was down 0.2% and the S&P down 1.5%.

 

[syllogism]

Holy fuck, it went from up 100 to down 100 in a minute. This is zany.:lol

To recap the day: -700 -> positive -> -600 -> +300 -> -150 -> now positive

 

[Battersea Power Station]

You guys should listen to me more

What did you claim?

 

[argon]

Wow.. crazy volatility.

How ironic would it be if the Dow closed flat?

 

[eznark]

back up.

What an excellent and entertaining day this is turning out to be.

What did you claim?

7.5-8 was the bottom and 10 by next week (which I amended to 11/1)

 

[jamesinclair]

Keep refreshing guys, this is hilarious

 

[eznark]

my "you should listen to me more" was in reference to my 2:30 post which said a rally is coming.

Hopefully the wheel stops on green so I can still look brilliant!

 

[Tarazet]

It might go down further, but this is a GREAT time to buy. So much less downside risk than at the same time last week.

Edit: by "now," I mean 'in about five minutes.'

 

[xero273]

yay! come on, let us have a green for this week.

 

[Chichikov]

I don't usually watch CNN during the day, but my god, did that guy use MSPaint to illustrate issues?
MS motherfucking Paint?
the hell?

 

[jamesinclair]

SELL SELL SELL!

Edit:

BUY BUY BUY!

 

[ArtG]

Got an AMZN October put order in at the end of the session.

 

[xero273]

damn! looks like no green.

 

[jamesinclair]

So we end at -70?

 

[got2bekidding]

:lol at the charts. So crazy!

 

[Tamanon]

So we end at -70?

-126 right now, been adjusting downwards as the last sales are factored in.

 

[eznark]

shitty way to end an awesome 40 minutes

 

[PistolGrip]

Does anyone know why indices/stock prices continue to move even 15 minutes after the close? Is it after hour trading? Corrections?

 

[FrankT]

Could of been a lot worse. Fairly happy with the close out as the Nasdaq looks like it could close up with the Russle 2K. Would have been nice to have the DOW there as well, but not as bad as it could have been. Sends a better message for the Asian markets come late Sunday.

Does anyone know why indices continue to move even 15 minutes after the close? Is it after hour trading? Corrections?

Some trades have still not closed out.

 

[Tamanon]

Does anyone know why indices continue to move even 15 minutes after the close? Is it after hour trading? Corrections?

Trades that are put in before the bell but not completed, that's all.

 

[kathode]

A lot of the big financials are reporting earnings next week. Should make for interesting times.

 

[gkryhewy]

Could of been a lot worse. Fairly happy with the close out as the Nasdaq looks like it could close up with the Russle 2K. Would have been nice to have the DOW there as well, but not as bad as it could have been. Sends a better message for the Asian markets come late Sunday.

Is the nikkei open on monday? I thought I'd heard there was a Japanese holiday. Some goofy thing like national fitness day.

 

[FrankT]

Is the nikkei open on monday? I thought I'd heard there was a Japanese holiday. Some goofy thing like national fitness day.

Could very well be and that might not be a bad thing at this time.

 

[speculawyer]

As of 1:32 p.m. PDT • Stocks end wild session with best showing of the week

WOOO-HOOO we only lost 128 points!!

 

[ArtG]

We're open for trading on Monday, correct?

 

[Tarazet]

We're open for trading on Monday, correct?

Yes, but I think the Treasury desk is closed and some Chicago mercantile exchanges will close early.

 

[gkryhewy]

It's been said before, but the current This American Life podcast on the crisis is amazingly good - suggested listening for everyone.

CDS - fuck, what a pyramid scheme. Jesus tap dancing christ.

 

[Ether_Snake]

Markets will recover when banks start to lend money again. They are not doing that. Anyone saying this is the bottom are doing chart analysis like one reads the future by reading bones.