The DOW is up 100+ points

[jpak]

no crashpeat to day

[Electric Monk]

1. was, not is

Up 94 now. It was up 160 briefly.

Lots of volatility.

[rsmith6621]

2. And Rapidly Heading Downward....

[HelenWheels]

3. Now is the time to buy

If you are into that stuff and have any money.

[Yavin4]

10. Not Really A Good Time to Buy

There will be a much, much larger correction within the next 4 to 5 years. That's when you buy.

[trof]

4. Down 52 now.

[mmonk]

5. Good. Nothing really changed enough in the economy to warrant

the sell off. However, I can never interpret the rationale of traders since they don't base anything on economics anyway. All that matters concerning the value of a stock is its profit and loss ratios, cash on hand vs liabilities of the company, and the sector it operates from.

[originalpckelly]

8. Nope, it's going down again. It went up a bunch of points, then it's coming down...

very rapidly I might add.

[mmonk]

11. Wonder why.

Have any clue? I knew basics of the market because I have been in them a long time but Republican ideology destroyed my ability to make sense of it all because you can't move your money into something that doesn't fall when irrationality kicks in.

[originalpckelly]

13. I can only tell you that in the real world...

the state of the economy is much the same as before the great depression. It's only a matter of time before the stock market catches up, setting off the dry brush in the economy.

[mmonk]

16. Yes I expect the market to catch up with Hooverism eventually

but a few things have changed since then, especially globalism which throws in a new dynamic. That means life can suck here, but they can still make profits.

[originalpckelly]

19. It's not even Hooverism.

It's that all the stuff that you cannot easily fix with dumping money into the economy is still there. People still have a high debt load, just like before the GD.

Income inequality, it too is just as bad.

There is too much growth in the manufacturing sector, not here in the USA of course, but the other side of this system in China. They are overbuilding capacity we cannot use, because we don't have enough money to buy their shit.

That's all just a recipe for disaster economically, and because of the derivatives that bind all the financial firms together, they will all go down together. It will necessitate another major intervention in the economy, but again, it's not addressing the other major factors that are the real problem.

[mmonk]

Hence the globalization I was speaking of.

[Stinky The Clown]

6. Now down 60

[Stinky The Clown]

7. Now down 28

[krispos42]

9. I think that's the shock effect...

...of all these orders and autobuy/autosell triggers kicking in with the opening bell.


Click "refresh" often to watch what happens below.

[Chimichurri]

12. It's 2008 all over again. Hang on to your underwear!

[originalpckelly]

14. Was down more than 50, now up 26

[originalpckelly]

15. Down 15

This market has no idea where it is going. It's a drunken sailor.

[originalpckelly]

17. Down 29

[marmar]

18. ........

[originalpckelly]

21. Now down 6.66 pts.

HAHA!

Could it be SATAN?

[originalpckelly]

24. Was up 30 on last refresh, now up only 20.

[originalpckelly]

25. VIX is slowly declining, which may indicate that there isn't as much fear.

[cbdo2007]

20. Wow, it's fluctuating....just like always.

[originalpckelly]

22. Yes, but unlike always...

it's fluctuating after a 500 pt decline the day before. We're watching to see if it's going to dive or rise in a significant way.

So far, there doesn't seem to be a real trend.

[aquart]

26. link?

[cbdo2007]

29. Right.....so it's fluctuating just like always.

Thanks for arguing with me to reiterate my point. ???

[jpak]

23. Up 1!!111

:hi:

[Javaman]

27. Um, no. down -19. nt

[DesMoinesDem]

28. Now down 100+

[Javaman]

31. Double dip here we come! Right back were we started from! nt

[DesMoinesDem]

30. Down 200+

[DemocratSinceBirth]

32. I Don't Think Anybody Is Going Long Into This Weekend

~

[Javaman]

33. I don't know where you are looking but it's still at -100 and hasn't gone down to -200. nt

[former9thward]

34. You must have a really slow server.

[Javaman]

35. I'll check again.

I have a fast server.

[Javaman]

36. It's at -158. but still not -200. nt

[Javaman]

37. Just checked the live feed. -120. still not -200.

interday trading also shows it never dropped to -200.

[GliderGuider]

38. Bloomberg showed a brief dip to 11,140 just before noon, but it rebounded a bit since. /nt

[DevonRex]

39. The ECB is saying they'll buy Italian and Spanish debt.

This should help.

[GliderGuider]

40. Got a link? Yesterday they said they were buying Ireland & Portugal only

Leaving Italy and Spain to twist in the wind as buzzards pecked their livers.

[DevonRex]

42. Just from watching CNBC all morning. There are conditions on it

like structural reforms. Apparently Reuter has it up. Berlusconi to speak any minute.

[GliderGuider]

43. I found the Reuters article. Yes, it's quite conditional

http://www.reuters.com/article/2011/08/05/eurozone-ecb-conditions-idUSL9E7G900G20110805

Aug 5 (Reuters) - The European Central Bank is demanding that Italian Prime Minister Silvio Berlusconi commit to fast-track specific welfare reforms and a constitutional amendment enshrining a fiscal rule before it will buy Italian bonds, sources close to the matter said on Friday.

The sources, speaking on condition of anonymity because of the sensitivity of the issue, said the ECB had agreed in principle on Thursday to buy Italian and Spanish bonds if key structural reforms were brought forward.

Top European Union leaders were applying concerted pressure on Berlusconi to make an announcement by the end of the weekend so that the ECB could intervene in bond markets early next week, the sources said.

So no actual buying until next week...

[DevonRex]

44. Man. He needs to announce today.

Or we could all go down.

[DevonRex]

45. It's a done deal. Yay!

[gauguin57]

41. Now up 53.77 ... now down 75.30 ... now down 80.75 ...

Google Dow Jones and watch the pretty red and green lights flash on and off.