The stock market is crashing....

[wayneL]

Obviously no one's told the Poms. The FTSE is up 1.2% at the moment.

GP

Well with the end of the world imminent, oil is bound to go up... allegedly this is driving the FTSE today.... and I doubt that the Helicopter boy will go .5 anyway.

This will allow Crash Gordon and Mervs merry band of sycophants, to deny reality for just a bit longer.

 

[YOUNG_TRADER]

Well with the end of the world imminent, oil is bound to go up... allegedly this is driving the FTSE today.... and I doubt that the Helicopter boy will go .5 anyway.

This will allow Crash Gordon and Mervs merry band of sycophants, to deny reality for just a bit longer.

'Helicopter boy', 'Crash Gordon' and 'Mervs merry band of sycophants'

 

[GreatPig]

Well by some accounts, a 0.5% hike could incite a stock market rise even more than a 0.25% hike.

The stock market might stage a huge rally in the next few months if investors see a half-point increase and conclude that the Fed's rate-raising campaign is finally over

GP

 

[GreatPig]

So far so good...

From US Yahoo market overview:

09:00 am : S&P futures vs fair value: +6.6. Nasdaq futures vs fair value: +6.5. The stage is set for stocks to open sharply higher as futures indications continue to trade comfortably above fair value. Broad-based gains in overseas markets, many of which have gained more than 1.0%, are lending some support.

Dow, Nasdaq, and S&P500 all up 0.6% to 0.9% at the moment (or rather 20 minutes ago...).

Can Big Bad Ben kill it though?

GP

 

[wayneL]

Well by some accounts, a 0.5% hike could incite a stock market rise even more than a 0.25% hike.


GP

Interesting view. One I'm struggling with BWTFDIK!

 

[kgee]

Interesting view. One I'm struggling with BWTFDIK!

To right talk about putting a silver lining on everything
I mean to a layman like myself a 50 pt rise would imply that inflation is getting away and that theyr'e trying to put the brakes on
just goes to show....everyones got there

 

[NettAssets]

Well .. I hope our Bears didn't go short on the nasdaq just for the news

John

 

[wayneL]

Well .. I hope our Bears didn't go short on the nasdaq just for the news

John

hehe
Bear survival rule #11 Don't be a silly bear! Never underestimate the influence of the Wall Street Cheerleading Squad.
Bear survival rule #12 Get flat prior to announcements
Bear survival rule #13 When the bulls charge, pretend to be a bull!

This is quite extrordinary BTW

 

[NettAssets]

Not showing much sign of slowing down

 

[wayneL]

Not showing much sign of slowing down

Well that was either one helluva bullish day or one helluva short squeeze.

The overall pattern looks bullish to me

The risk reward ratio for my index option trades have shifted dramatically after that.... metamorphosis in order.

 

[ctp6360]

What a great day to be standing outside the NYSE

Up 217.24 points or +1.98%

This is me and my fiancee Donya outside the NYSE today at about 1pm! I was suprised at the lack of scolling prices and big flashing signs, I only saw one of them and it wasn't exactly detailed. The ones in times square have a lot more detail!

 

[Sean K]

You must have a fast car to score a girlfriend like that ctp!

 

[MichaelD]

Well that was either one helluva bullish day or one helluva short squeeze.

Seems to me that the market had made up its mind to be bullish a while ago and this was just the excuse it needed to go nuts again. You wonder what would have happened if the rate hike was 0.5% - My is that the market would have gone up regardless of what the Fed did - it's just the "vibe" of the thing, man.

Now that the doom and gloom merchants have been silenced and the permabull mindset is being restored...the next bear party will come sooner than expected, probably as soon as all those that bought at the last top and sold at the last bottom re-enter the market.

 

[bullmarket]

Well....looks like our market is seeing out this financial year with a BAAAAAAAAAaaaaaaaaannnnnnnnggggggggggg..........................

This financial year has been a good one so let's hope (and pray ) next year is just as good .....but I'm not convinced yet that it will be :

Happy New Year and cheers everyone..........

bullmarket

 

[noirua]

With every stock, except Telstra, in negative territory on the ASX 50 this morning, the gloom is returning.

 

[Sean K]

More buying opportunities arrise.

 

[Realist]

My shares look decidedly red today.

 

[Kipp]

With every stock, except Telstra, in negative territory on the ASX 50 this morning, the gloom is returning.

I never thought I'd see the day where TLS outperformed the market....

 

[wavepicker]

I never thought I'd see the day where TLS outperformed the market....

I did, 2 months ago., at the height of the commodities boom,
that's why I bought it. Although if the broader market goes into a bear trend I don't expect it outperform, but rather base and struggle up until better time return for the market as a whole.

As a wise man once said, always buy the companies that no one else wants!!!

 

[blinkybill]

I still reckon our market's XJO will stay in the approx 4800 to 5000 range for a while yet and I don't think the US DJIA will break out of its trading range anytime soon either.

I'm changing ip address next week and I'm getting tired of this nic so I will change to another one as well

They say a change is as good as a holiday...don't they?