Official Stock Market & Economy Thread

[lazyj10]

I got some options way the hell out on C - two cents, i think?

Some funky business is going on (will continue) my gut says, so may as well try to profit some.

 

[theone2401]

Fed BUYING LONG DATED TREASURIES

Every bond holder is going to sell now is Bernanke ******ED?

So much for that correction in Gold

 

[shoefreak mo]

our money will soon be worthless

this **#% is ridiculous.

 

[keiththekid1]

so buy gold now?

 

[theone2401]

Originally Posted by keiththekid1

so buy gold now?

Yes. There is no way 1000 holds with this news no way no how

Bernanke is about to get a lesson in economics.

At stupid !!%!+$$ people on tv talking about "this is great news people can refinance at 4%" Your a !!%!+$$ idiots! People who cannot pay theirmortgage or dont want to because they are under water do not care if their rates are 4% or 6%. And its all going to be moot because the drop in the dollar isgoing to counteract any rise in treasury prices and the Fed is going to end up with all of them......poof!

for all practical purpose the US has just defaulted.

 

[andycrazn]

Originally Posted by theone2401

Originally Posted by keiththekid1

so buy gold now?

Yes. There is no way 1000 holds with this news no way no how

Bernanke is about to get a lesson in economics.

i assume he announced it around 2-3 pm cause gold just went up..... damn and i wanted to cop a krugerrand

 

[wawaweewa]

Openly announcing quant easing.
Depression was here but now it's official.

Good times ahead.

 

[theone2401]

Gold is up damn near 60 bucks in the last hour

How high do the prices have to get before China beings to dump?

 

[isoldmysole]

Originally Posted by theone2401

Gold is up damn near 60 bucks in the last hour

How high do the prices have to get before China beings to dump?

Gold went up $60? I thought it went up $29.00 as of NOW...@$943.90/oz

 

[dajoka004]

China has been buying up everything tangible (gold, oil, etc.). The gold jump makes me feel better about my FAZ hit. Thank God I dumped at $33.40. I would havequit if I watched it drop to $26.

 

[reigndrop]

Originally Posted by IsoldMysole

Originally Posted by theone2401

Gold is up damn near 60 bucks in the last hour

How high do the prices have to get before China beings to dump?

Gold went up $60? I thought it went up $29.00 as of NOW...@$943.90/oz

It was down to $889 before reversing up. I bought some Metlife April 10 Puts at close. We shall see what happens.

 

[dajoka004]

Originally Posted by IsoldMysole

Originally Posted by theone2401

Gold is up damn near 60 bucks in the last hour

How high do the prices have to get before China beings to dump?

Gold went up $60? I thought it went up $29.00 as of NOW...@$943.90/oz

Yeah, after going below $890 right before the Fed's announcement.

USD absolutely choked at 1:30pm

 

[isoldmysole]

Originally Posted by DaJoka004

Originally Posted by IsoldMysole

Originally Posted by theone2401

Gold is up damn near 60 bucks in the last hour

How high do the prices have to get before China beings to dump?

Gold went up $60? I thought it went up $29.00 as of NOW...@$943.90/oz

Yeah, after going below $890 right before the Fed's announcement.

USD absolutely choked at 1:30pm

Thanks for clarifying. I just woke up and saw what it's up at, didn't look at the chart before responding..

Man, this is huge news. I'm really scared for the dollar. So we're going to print another $1 Trillion???

Also, it's crazy how the Market is manipulated by the government...Bernanke saying recession is over by the end of 09 and now people thinking we'regoing to be alright because of the Fed buying $750 billion worth of mortgage-backed securities and debt, and another $300 billion in long term treasurybonds.....

I didn't know thin air can produce money.

 

[jbnsoul]

So is it bad to get into FAZ with it being so low now?

 

[brettthejett]

Today i lost $1500 in gold and now I'm right back up there.

Whoever told me to buy PEGA thank you I made 4 grand today

 

[brettthejett]

Something was up 80% today but i looked too late on CNBC what was that??

Hardley davidon up 20%...wow.

 

[reigndrop]

Originally Posted by brettTHEjett

Something was up 80% today but i looked too late on CNBC what was that??

Hardley davidon up 20%...wow.

Sun Microsystem. Buy out talk from IBM

 

[freakydestroyer]

Originally Posted by brettTHEjett

Today i lost $1500 in gold and now I'm right back up there.

Whoever told me to buy PEGA thank you I made 4 grand today

how many shares did you buy?? it only went up 2.11%

 

[reigndrop]

If you guys haven't gotten the clue by now, it's time to move back into gold. $1 trillion in monetary expansion, not to mention stimulus and otherthings, to steal a word from DKY, the dollarss toassttttt.

 

[rightguard]

Originally Posted by illmatickal

Originally Posted by QueenCitySneakerQueen

I sold C at 2.33 and now it's at 2.77

cant get too greedy now

damn man 3 now

 

[freakydestroyer]

R.I.P. America

 

[theone2401]

Well at least we know a depression or 10 years of stagnant growth are the best case scenario now!

debt 300% of GDP here we go woohoo!

 

[nicefro]

I don't even know what to say anymore.

 

[Betonblck]

Great move by Bernanke. Some of you guys might want to read up on how the Federal Reserve works.

The majority of the inflation in last month's numbers came from oil refineries jacking up the price for gas.

Great move. We will see a huge boom in refinancing as mortgage rates will drop towards 4%. It may come close to stopping the current deflationary spiral. TheDow should rally at least to 8000 over the next week.

 

[ac4three]

Good day for gold stocks!