The traders seem to be running the market these days.. it's gone off the rails. No consistency at all.
Senior Member
The traders seem to be running the market these days.. it's gone off the rails. No consistency at all.
Senior Member
They always have. To think otherwise is simply to be naive. That doesn't say that other things can't affect the market, only that those that trade the largest quantities run the show and they are the Traders.Originally Posted by waywardgs
I asked for neither your Opinion,
your Acceptance
nor your Permission.
"The darkest places in hell are reserved for those who maintain their neutrality in times of moral crisis." Dante Alighieri 3
"It took 2000 mules to install one Jackass." Diamond and Silk Watch the Movie
Senior Member
the only real difference is technology, computer based traders and companies can make trades so fast its scary, we've seen what that can cause if it gets out of hand.
Last edited by Ardwen; 08-11-2011 at 02:07 PM.
Khaladon starts to turn the crystal knob, but stops with a frightened look on his face. He begins shaking uncontrollably and flies across the room, as though by some invisible force.
**SPLAT!!** Khaladon careens off the far wall, slides down the smooth wood panelling and collapses into a quivering heap on the floor, with only his dignity bruised.
Senior Member
Blame Kranar!
"I am not a hater." - George W. Bush, 43rd President of the United States of America
Senior Member
Sig worthy.
U.S. Consumer Confidence Drops to Three-Decade Low
Confidence among U.S. consumers plunged in August to the lowest level since May 1980, adding to concern that weak employment gains and volatility in the stock market will prompt households to retrench.
The Thomson Reuters/University of Michigan preliminary index of consumer sentiment slumped to 54.9 from 63.7 the prior month. The gauge was projected to decline to 62, according to the median forecast in a Bloomberg News survey.
The biggest one-week slump in stocks since 2008 and the threat of default on the nation’s debt may have exacerbated consumers’ concerns as unemployment hovers above 9 percent and companies are hesitant to hire. Rising pessimism poses a risk household spending will cool further, hindering a recovery that Federal Reserve policy makers said this week was already advancing “considerably slower” than projected.
“The mood is very depressed,” said Chris Christopher, an economist at IHS Global Insight Inc. in Lexington, Massachusetts. “Consumers are very fatigued and very uncertain. In the short term, people are going to pull back on spending.”
Estimates of 69 economists for the confidence measure ranged from 59 to 66.5, according to the Bloomberg survey. The index averaged 89 in the five years leading up to the recession that began in December 2007.
Stocks, which initially pared gains after the report, climbed as higher-than-estimated earnings tempered concern the economy is slowing. The Standard & Poor’s 500 Index rose 0.8 percent to 1,182.45 at 10:37 a.m. in New York. Treasuries increased, pushing down the yield on the benchmark 10-year note to 2.24 percent from 2.34 percent late yesterday.
http://www.bloomberg.com/news/2011-0...gan-index.html
3 decades ago.......... oh yea, good ol' Jimmy Carter. When do we start breaking out the "Misery Index" again?
I'm surprised the market is up this morning...
PC RETARD HALL OF FAME
Senior Member
Psst.... PB, most of us weren't alive in 1980.
And the only way you could know about things is to be alive during it.
Derp, derp.
PC RETARD HALL OF FAME
Senior Member
And yet you tell Bob he can't just read it from a website but has to experience it...
CONTER DERP DERP.
Senior Member
Conter indeed.
R.I.P. Bushido Brown
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