What just happened in the stock market?
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What just happened in the stock market?
Posted by LSURussian on 12/28 at 9:48 am


The DJ was down almost 100 points and within a minute and a half it rallied to being down only 30 points.

I'm watching CNBC and the talking heads on there are oblivious to this flash rally. I searched all the business sites and no word from them either.

WTF???


This post was edited on 12/28 at 9:50 am

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Posted by Catman88 on 12/28 at 9:53 am to LSURussian
seems like the fiscal cliff talks is driving everything lately. Did something new happen there?


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Posted by LSU0358 on 12/28 at 9:53 am to LSURussian
Don't know, but if this rally gets retraced could be an ugly rest of the day.


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Posted by Janky on 12/28 at 9:57 am to LSU0358
We klilled Bin Laden.


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Posted by LSURussian on 12/28 at 10:07 am to Catman88
quote:

seems like the fiscal cliff talks is driving everything lately. Did something new happen there?


There was an announcement about a meeting at the WH this afternoon on the fiscal cliff but that announcement was more than an hour before the flash rally happened, so I don't think that could be it.



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Posted by LSUcam on 12/28 at 10:11 am to LSURussian
Same thing that happened yesterday. If anything, I find it supportive that the market dips 1% and institutions see buying opps. To me that = fair market value.


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Posted by LSURussian on 12/28 at 10:20 am to LSUcam
quote:

Same thing that happened yesterday.
But the rally yesterday was caused by the H of Reps announcing they were returning to work on Sunday on the fiscal cliff. There was a direct correlation between the time of that announcement and yesterday's rally.

Today, I can't find any news event at the time of the mini-rally.



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Posted by Catman88 on 12/28 at 10:52 am to LSURussian
Some news leaked to WS that hasnt gone public


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Posted by LSURussian on 12/28 at 10:53 am to Catman88
Maybe so.


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Posted by Meauxjeaux on 12/28 at 10:58 am to LSURussian
PPT! Of course...


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Posted by LSURussian on 12/28 at 11:02 am to Meauxjeaux
quote:

PPT! Of course...


Probabilistic Polynomial Time????



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Posted by LSURussian on 12/28 at 11:06 am to LSURussian
CNBC just said a 'new offer' from Obama was extended this morning to Bohner on the FC although no details were released other than it was a stop-gap, short-term fix to give them more time for a 'permanent' fix.

Crap! They've had over 6 months and an election to come up with something!

I wish the cliff law contained a provision that no elected federal official can draw a salary after 1/1/13 until a 'permanent' cliff resolution is passed.



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Posted by Broke on 12/28 at 11:16 am to LSURussian
Triple Witching Friday?

I thought that was last week.



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Posted by LSURussian on 12/28 at 11:17 am to Broke
quote:

Triple Witching Friday?

I thought that was last week.
It was.



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Posted by Broke on 12/28 at 11:17 am to LSURussian
Rules that out then.


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Posted by Doc Fenton on 12/28 at 12:09 pm to LSURussian
quote:

They've had over 6 months and an election to come up with something!


You mean instead of repeated cycles of leaked rumors meant to convey the following message...




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Posted by PlanoPrivateer on 12/28 at 2:55 pm to LSURussian
I just receivied two email alerts at 3:49 EST. Market down over 100 points.


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Posted by NC_Tigah on 12/28 at 2:58 pm to LSURussian
quote:

WTF???
Low volume



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Posted by TheHiddenFlask on 12/29 at 4:13 pm to NC_Tigah
What NC said.

A lot of fund managers are not in the office and those big trades just aren't happening.



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Posted by long4life on 12/29 at 6:48 pm to TheHiddenFlask
why the hell do you people watch CNBC? wtf is wrong with you?. Fox Business can be annoying, but no way they are nearly as biased as those communists bastards. Just what the frick is wrong with you people?


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