ShortNews
+ + + 3 BRANDNEW NewsTickers for your Website! + + + easy configurable in less than 1 Minute + + + GET'EM NOW! + + +

   Home | Join | Submit News | MyShortNews | HighScores | FAQ'S | Forums 0 Users Online   
   
                 01/24/2018 08:17 AM  
  ShortNews Search
search all Channels
RSS feeds
  ShortNews User Poll
Are you excited about the holiday season?
  Latest Events
  2.525 Visits   1 Assessments  Show users who Rated this:
Quality:Very Good
Back to Overview  
10/13/2008 09:45 PM ID: 74007 Permalink   

Dow Headed Towards Largest Historical Surge

 

After a worldwide effort to help failing economies across the globe, the Dow-Jones Industrial average rose over 700 points in less than a day. This could lead to the highest ever point surge in a single day, with potential closings over 9,000 points.

The surge is claimed to be a direct result of the UK pumping $65 billion into its largest banks, combined with a meeting between US Treasury Secretary Paulson and top US bankers.

The 2,000 point drop over the past month combined with this historical point surge show that US financial markets are at their most volatile levels in recent history.

 
  Source: articles.moneycentral.msn.com  
    WebReporter: Mr. Wright Show Calling Card      
  Recommendation:  
ASSESS this news: BLOCK this news. Reason:
   
  18 Comments
  
  936 Points  
 
Was the closing bell, now experts are saying that will be back down 1000 points by the end of the week.
 
  by: thedrewman   10/13/2008 11:13 PM     
  Whats 65 Billion??  
 
We here in Germany pumped 500 Billion € into our banks just now... its madness...
 
  by: evilrat   10/13/2008 11:41 PM     
  Kinda reminds me of a carp on the beach  
 
flopping all over the place. Soon it will be dead.
 
  by: valkyrie123     10/13/2008 11:52 PM     
  stability  
 
If you look at the Dow since the beginning, you'll notice a giant leap starting around the mid-1990s. We are almost back to those levels. I think the Dow is really just getting back to reality. The unexplainable stock surge over the past 10-15 years must have been just pure fantasy numbers.
 
  by: Mr. Wright     10/14/2008 12:05 AM     
  Karl Marx was right  
 
He called this Stamokap. I found this here: http://en.wikipedia.org/...
 
  by: evilrat   10/14/2008 12:10 AM     
  @evilrat  
 
I'll be damned. The commie bastard knew what he was talking about
 
  by: Mr. Wright     10/14/2008 12:17 AM     
  ::EvilRat::  
 
It is the logical and inevitable conclusion to out of control capitalism.

When a company gets so big, so successful that the failure of that company not only directly harms the economy, but indirectly through its shareholders, employees, and defaulting on loans to other businesses, the Government is placed in a position where it cannot afford to allow that business to fail.

A similar thing happened with the insurance industry in Australia a few years ago.
 
  by: TrollKallaMik   10/14/2008 03:25 AM     
  Lets see how correct Ron Pauls prediction is:  
 
He says this is only a temporary solution (the bailout). Eventually it will come back to hurt us even more through devaluation of our currencies, hurting the markets even more, creating an even bigger chance for another great depression.

So far his predictions about the economy have been dead on accurate. Lets see what the future holds. If his predictions continue to hold true, we are in for some serious problems and no simple bailout is going to cure it...
 
  by: slavefortheman     10/14/2008 03:54 AM     
  @slave  
 
I admire Ron Paul more than any other man in politics right now. If either of these candidates had a clue, they would recruit him as their Secretary of the Treasury. Perhaps Kucinich would make a nice Secretary of State.
 
  by: Mr. Wright     10/14/2008 04:45 AM     
  @wright  
 
Or better yet, appoint Kucinich as the director a political review committee to clean up washington dc.
 
  by: Kuhl   10/14/2008 05:41 AM     
  @Mr. Wright  
 
Fat chance of that happening. What we have in the US is a very corrupt system of crony capitalism. Plus we have a system of corporate welfare in the term used by evilrat called Stamokap. Thanks evilrat for finding that. Didnt know there was a definition already to what we had here.

But basically I am of the opinion that things are going to get a lot worse before they start getting better. The system is eating itself from the inside out much like how the Soviet Union did in its last 20 years.

If the US continues down this road, I dont see it as a country lasting but maybe 10-20 more years unless some major changes occur. We saw how Germany turned out after the 20's so hopefully they will be good changes.

Personally I have started investing in gold and silver. If anything bad does happen, I want to have a few thousand dollars in gold and silver lying around just in case. I dont trust stocks and bonds anymore.
 
  by: slavefortheman     10/14/2008 03:05 PM     
  hmm  
 
What's the difference between Investment Bankers and London Pigeons? The Pigeons are still capable of making deposits on new BMW's.
 
  by: dook   10/14/2008 03:45 PM     
  VEGETA, what does the scouter say about the DJIA?  
 
ITS OVER NINE THOUSAAAAAANNNNDDD
 
  by: japh   10/14/2008 05:52 PM     
  @Japh  
 
Man I can't believe I didn't think of that DBZ reference myself, I've been marathoning on the box sets for the past few months. I'm actually trying to write a research essay on this whole bailout deal for college right now. It's a real big thing to try and fit inside of an essay I have found.
 
  by: ToofDogger     10/14/2008 06:54 PM     
  @toofdogger  
 
I'm sure many people here may be tired of me posting this link and spreading the word about Zeitgeist Addendum.

But that won't stop me. You should see it if you haven't. It has a lot to do with the bailout, and was produced before it happened.

http://www.zeitgeistmovie.com
 
  by: Mr. Wright     10/14/2008 07:15 PM     
  Video games  
 
So what we have here is a video game, & its getting harder, and we are not doing to good. So the big players in government used a cheat to boost the market to boost the economy. Does this mean they fixed the problem? No, using cheats in games makes you lazy & actually decreases your skills at playing said game.

The only difference here is this is real life not a game, & they're screwing with our lives with cheats that don't solve the problem, but hides it, making it worse for us in the future.

What goes up must come down & I fear they are making the drop a lot higher & deadly.
 
  by: Vhan     10/14/2008 09:48 PM     
  update  
 
The Drew Man was right. The Dow closed at -733 today.
 
  by: Mr. Wright     10/16/2008 12:30 AM     
  @Mr Wright  
 
I've seen the movie. However there were a number of facts that the author conveniently left out to make his movie more believable. A simple google search for the title of the movie will reveal a lot. There are some pretty intelligent people out there refuting almost every part of it with cold facts. It was a good movie, though. Mixed enough truth in with the fiction to make it believable.
 
  by: TheIdiotUpstairs   10/20/2008 07:43 AM     
 
 
Copyright ©2018 ShortNews GmbH & Co. KG, Contact: info@shortnews.com