Why is the market going up?

Discussion in 'Trading' started by CaliforniaKid23, Aug 10, 2007.

  1. duard

    duard

    .....and that my friend is the quote of the week, Congrats.......
     
    #11     Aug 10, 2007
  2. News means nothing. The price reaction to news is key.
     
    #12     Aug 10, 2007
  3. Because it stopped going down.....
     
    #13     Aug 10, 2007
  4. LOL
     
    #14     Aug 10, 2007
  5. Brandonf

    Brandonf Sponsor

    I want to explain what I mean by this point, that they are taking on the dirt and Mainstreet is going to bail out the greedy bastards again. Traditionally the will only take US backed securities as collatoral from a bank when they give money, that means Treasuries, Fannie Mae, Freddie Mac. They would not take crap backed by Sub Prime Loans, but over the last few days that they have provided the $35billion into the market, they have not taken in Federal paper because there is a flight to quality and high demand for that right now, instead they are letting the greedy pigs use their worthless Sub Prime Backed notes as collatoral on the loans. So, WE (that means the taxpayer) will take it on the chin again so they can buy $10 million 2000sq foot apartments "In the City". Great game indeed.

    Brandon
     
    #15     Aug 10, 2007
  6. una11

    una11

    Actually I discovered the real reason - this dude got distracted and accidentally entered a massive buy order causing the shorts to panic. :D

    Note how the blonde looks confused. lol.
     
    #16     Aug 10, 2007