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Dow futures went from about -200 to about +200 over the past 5 or 6 hours....

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scheming daemons Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 07:49 PM
Original message
Dow futures went from about -200 to about +200 over the past 5 or 6 hours....

400 point upward swing.

Something's happening.

G-7 meeting produce something positive?
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Jackpine Radical Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 07:50 PM
Response to Original message
1. I guess the Aussie market is up Monday AM too.
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lisa58 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 07:52 PM
Response to Original message
2. I don't mean to be negative but - it ain't Tuesday yet.
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scheming daemons Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 08:02 PM
Response to Reply #2
4. Banks are closed tomorrow, but I don't think the market is... is it?
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MercutioATC Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 08:06 PM
Response to Reply #4
5. Not worldwide markets, but OUR market is.
Edited on Sun Oct-12-08 08:06 PM by MercutioATC
...federal holiday and all...
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BzaDem Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 08:20 PM
Response to Reply #5
6. Our market is open tomorrow.
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MercutioATC Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 08:29 PM
Response to Reply #6
8. Oops...nevermind
Edited on Sun Oct-12-08 08:51 PM by MercutioATC
:)
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vaberella Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 07:57 PM
Response to Original message
3. Yup. The G-7 HAVE to work together. So investors are ecstatic right now.
Edited on Sun Oct-12-08 08:00 PM by vaberella
I should invest now. In natural gas and what not. If America failed then all the nations would fail, I think only the third world nations would make it out on top. The countries are two converged economically at this point through the stock market that there's no way any country could let the US die.

So I'm sure this is working out. Actually now that I think about it, the bail out would have happened with or without our consent if the G7 and the upcoming G20 result had similar responses from the Government to the stock market. They would all nationalize and take over and give money to that industry.

I think in all the discussions about this economy and the bail out is that we're in a state where all the nations are now like DNA molecules, there's no way of amputating and hoping for the best. Also I think the comparison to the Depression is not something that could ever made or taken seriously.

I say this because during the time of the depression the countries weren't so unbreakably tied. One nation failing would never affect another, not greatly anyway. Now one nation failing and all of them failing. Especially one that is considered the world power, one that has the largest debt that is spread throughout the world. China, England, Japan, Saudi Arabia, and even Australian investors ahve bought our debt. And we're a debtor nation with 300 million people---since we're connected by credit. US falls they all fall. Even if the US is the cause of their own economic disaster.
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Speck Tater Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 08:28 PM
Response to Original message
7. Asian markets are up so far. NT
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chitty Donating Member (918 posts) Send PM | Profile | Ignore Sun Oct-12-08 08:32 PM
Response to Original message
9. Keeping my fingers crossed.
We sure could use some positve economic news.

The market being up one day may only be symbolic, but it's gotta help.

At this point I may be at the precipice of losing my business if things don't start to perk up a bit.

It's not good, especially when you've poured your heart and soul into it for 8 years.
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optimisticin08 Donating Member (150 posts) Send PM | Profile | Ignore Sun Oct-12-08 08:58 PM
Response to Reply #9
13. i will pray for you!!
i hope everything works out ok
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rucky Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 08:34 PM
Response to Original message
10. Is the market open tomorrow?
Columbus Day?
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MercutioATC Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 08:54 PM
Response to Reply #10
12. To atone for my mistake before, YES, IT IS!
One of the two federal holidays on which the market remains open.
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Abacus Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-12-08 08:37 PM
Response to Original message
11. long-legged candle outside of the lower bollinger band
some recovery tomorrow is likely. (I posted a more concise version of this Friday)
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