Market Today

[Cats Cats Cats]

From what I've read, the actual money in play in the markets was more due to unregulated derivatives trading and the bundling of bad mortgages into depth-charge financial products than consumer debt.  

Not that consumer debt wasn't/isn't a problem, it's just that that money doesn't show up directly in the markets as a vehicle someone can invest in . . . and hence one that inflates or deflates in value.

I am basing that statement on the fact that our economy is mostly consumer driven.  So there is a sort of artificial demand in some sectors that are extending people to buy houses, cars, home improvement items, vacations, gasoline, natural gas, electricity. etc etc.  So a huge pile of earnings in the market were due to 2nd mortgages and overall more debt.  So while that money isn't used to invest it does show up in the earnings in the companies in the Dow.

[RecycleMichael]

With less than an hour left in the trading day, the Dow is up slightly.

The day range has been from 10,285 to 10,355.

Pretty normal day.

GAS stock is down slightly...

[Conan71]

GAS stock is down slightly...

Rather deflated.  Give him a break though, it's his birthday.

[Townsend]

Here's his senior pics.



Brainiac Gas and Good-times Gas

Smart + Party = good times

[Gaspar]

Here's his senior pics.



Brainiac Gas and Good-times Gas

Smart + Party = good times

Dang!  Wish I had thought of a monocle for my Senior pics.

Funny story though, when the photographer asked my name I said "Ted Nugent" and he wrote it on the card without a flinch.  My mom was so proud that her son was forever immortalized in the 87' Jenks yearbook as Ted Nugent.

[Townsend]

Index   Last Change
I:DJI  10303.15 -16.80-0.16%

INX  1079.25 -4.36-0.40%

SPX.X  1079.25 -4.36-0.40%

[Townsend]

Funny story though, when the photographer asked my name I said "Ted Nugent" and he wrote it on the card without a flinch.  My mom was so proud that her son was forever immortalized in the 87' Jenks yearbook as Ted Nugent.

I wish I'd been awesome enough to think of a name from "Fletch".

[Gaspar]

In case you hadn't heard, Thursday's action on the New York Stock Exchange registered a technical anomaly known as the Hindenburg Omen. Read: just like the doomed German airship, the markets are fated to crash and burn. Still worse, Wednesday's trading action almost sparked Hindenburg Omen conditions. It takes two Hindenburg Omen trading days within a 36 day window to trigger the end of life in the markets as we know it.

http://www.thestreet.com/story/10835851/1/hindenburg-omen-is-a-stock-market-crash-imminent.html

[Hoss]

In case you hadn't heard, Thursday's action on the New York Stock Exchange registered a technical anomaly known as the Hindenburg Omen. Read: just like the doomed German airship, the markets are fated to crash and burn. Still worse, Wednesday's trading action almost sparked Hindenburg Omen conditions. It takes two Hindenburg Omen trading days within a 36 day window to trigger the end of life in the markets as we know it.

http://www.thestreet.com/story/10835851/1/hindenburg-omen-is-a-stock-market-crash-imminent.html

Mmmm.....tasty FUD

[nathanm]

Mmmm.....tasty FUD

If that article doesn't convince you that the modern stock market is completely divorced from fundamentals, nothing will.

[Townsend]

Mmmm.....tasty FUD

Man, no kidding.

[Conan71]

If that article doesn't convince you that the modern stock market is completely divorced from fundamentals, nothing will.

Divorced?  Hell it's even got a protective order frm fundamentals.

[Gaspar]

It's market voodoo.  Self fulfilling prophecy.  An Oracle (NASDAQ:ORCL) could do no better.

[nathanm]

An Oracle (NASDAQ:ORCL) could do no better.

Oracle will be sitting pretty if they win their lawsuit against Google.

[RecycleMichael]

In case you hadn't heard, Thursday's action on the New York Stock Exchange registered a technical anomaly known as the Hindenburg Omen. Read: just like the doomed German airship, the markets are fated to crash and burn. Still worse, Wednesday's trading action almost sparked Hindenburg Omen conditions. It takes two Hindenburg Omen trading days within a 36 day window to trigger the end of life in the markets as we know it.

The sky is falling! The sky is falling!

You must think we are all named Henny Penny or Turkey Lurky...