Opening Bell

Wheeeeeee!! The summer of recovery!!

[Clip-Clop]

total jobs created in August...equal to Blutarskis GPA.

[wiphan]

Don't worry the big jobs speech is next week. It will all be better after that. Maybe we can give more money to companies like Solyndra....

[Clip-Clop]

Originally Posted by wiphan

Don't worry the big jobs speech is next week. It will all be better after that. Maybe we can give more money to companies like Solyndra....

Can't we give it to O's buddy Immelt instead, they do so much for us here in the states they don't even have to pay taxes...

[wiphan]

Originally Posted by Clip-Clop

Can't we give it to O's buddy Immelt instead, they do so much for us here in the states they don't even have to pay taxes...

I do a lot of loans for GE guys in our area and they make plenty of cash so I don't bash GE too much, although they seem to be trying to take most of their jobs overseas. Hopefully we can provide incentives for hiring in the US. Although GE pays little to no taxes their employees do pay a lot and if you see what they pay some of their employees there are definitely worse companies you could work for. I would rather give cash or incentives to companies like GE than high risk worthless alternative energy companies that will fold without government help or incentives.

[Riot]

What we need is more tax cuts for the wealthy job creators. They are feeling so ... uncertain.

[jms62]

So how bad do you think they will take the market down tommorow following Obamas speech?

[MaTH716]

Originally Posted by jms62

So how bad do you think they will take the market down tommorow following Obamas speech?

Honestly this market has no rhyme or reason. Japan almost sank and burnt itself in to the water at the same time and the market thought that was bullish .

It's turned in to nothing more than a gigantic video game played by a couple of people who control most of the money. It's impossible to handicap.

[Riot]

Originally Posted by MaTH716

Honestly this market has no rhyme or reason. Japan almost sank and burnt itself in to the water at the same time and the market thought that was bullish .

It's turned in to nothing more than a gigantic video game played by a couple of people who control most of the money. It's impossible to handicap.

All those 400 point swings, over several days, a few weeks ago were simply computer-generated automatic buy/sell stop-loss orders, were they not?

[jms62]

Originally Posted by Riot

All those 400 point swings, over several days, a few weeks ago were simply computer-generated automatic buy/sell stop-loss orders, were they not?

Not all but there is a large amount of automated trading nowadays.

[MaTH716]

Originally Posted by Riot

All those 400 point swings, over several days, a few weeks ago were simply computer-generated automatic buy/sell stop-loss orders, were they not?

I don't think they were stop orders, hell I didn't even know people still enter those.

I think it's a couple of things, there's still a sense that there's a lot of money on the sidelines. So with less money/orders, there is less liquidy/resistance both ways in the market.

In continuation of that, when there is less volume (summer months) it seems like the market is very one directional and it sometimes snowballs.

Then there is the whole trading system/platform, which like I said in my previous post has turned the whole thing in to a big video game. No longer can specialists stablize markets/stocks. They have over regulated the whole thing so badly and those are some of the affects.