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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: CapitalistHogg™ who wrote (8685)3/23/2008 12:43:40 PM
From: bullbud  Respond to of 50700
 
Hogg- Again, the chart on commodities is barely dented on this drop and the markets closed right at one of the pivot points. The DOW still has not broken to the upside on the quarterly chart either. S&P downgraded Goldman and Lehman conveniently on Friday I'm sure as a favor to the Fed so not to disturb Thursday's spike. Still the news is out for anyone paying attention. Calls for the death of gold cannot be made yet. Needs to break into the very low 800's for that.



To: CapitalistHogg™ who wrote (8685)3/23/2008 12:59:48 PM
From: ahhaha  Read Replies (1) | Respond to of 50700
 
a few people on SI have pointed out that it might be a drain on liquidity

A drain on speculative liquidity.

Better do what I told you.



To: CapitalistHogg™ who wrote (8685)3/23/2008 5:10:44 PM
From: NOW  Read Replies (1) | Respond to of 50700
 
well the derviatives implications of the bear bail out are potentially much larger than that drain IMO. i take it you read GM in NYT today?


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