Dow Jones down 200 points in early tr...

Dow Jones down 200 points in early trading

There are 11 comments on the Chico Enterprise-Record story from Aug 11, 2010, titled Dow Jones down 200 points in early trading. In it, Chico Enterprise-Record reports that:

Stocks and interest rates tumbled Wednesday as investors around the world took an bleaker view of the U.S. economy.

Join the discussion below, or Read more at Chico Enterprise-Record.

Since: Sep 08

Location hidden

#1 Aug 11, 2010
Good new to me, I am hoping the stock market collapses totally! Th world would be a better place with out commodity speculators driving up prices. Let Wall Street IMPLODE.

Since: Jul 10

Location hidden

#2 Aug 11, 2010
stephens1949 wrote:
Good new to me, I am hoping the stock market collapses totally! Th world would be a better place with out commodity speculators driving up prices. Let Wall Street IMPLODE.
Yea, and that would create billions of impoverished people all around the world, including most every one in the U.S. It would be total economic collapse that no one would be able to escape. The collapse of Wall Street would bring about the collapse of all financial institutions world wide.
liberal loon

Chico, CA

#3 Aug 11, 2010
Yea, and that would create billions of impoverished people all around the world, including most every one in the U.S.
.
That should make the democrats happy. More voters to mislead.
Joe Sixpack

Monmouth Junction, NJ

#4 Aug 11, 2010
Ladies and Gents: The stock market rose 10% since July 7. It needs to correct lower. Do you rightwingers and leftwingers understand ANYTHING about markets for crying out loud?

Since: Jul 10

Location hidden

#5 Aug 11, 2010
Joe Sixpack wrote:
Ladies and Gents: The stock market rose 10% since July 7. It needs to correct lower. Do you rightwingers and leftwingers understand ANYTHING about markets for crying out loud?
A lot of us do, but my responce was directed at the former post. He was wishing for something that no one wants to see.

Buster202

Since: Jun 09

San Antonio, TX

#6 Aug 11, 2010
Joe Sixpack wrote:
Ladies and Gents: The stock market rose 10% since July 7. It needs to correct lower. Do you rightwingers and leftwingers understand ANYTHING about markets for crying out loud?
Yes, we understand the markets are almost back to where they were ten years ago thanks to Barney Frank and company.
Dont worry

Redding, CA

#7 Aug 11, 2010
Don't worry about it. That is how the traders make money. The volume of stocks being bought and sold these days is very low. That allows the hedge funds and other big money managers to create waves up and down. They make money when it goes both ways. Shorting while driving it down, and making it again on the up side.
The market is range bound 9600 to 10600. If you home gamers try to chase that range you will always be chasing the tail. The big trading desks have "wink and nod" collusion going on. They agree on which bad news will be hammered, which bad news will be ignored. Which good news to run on and which good news to be indifferent to. Don't bother with it. If you are not on the inside, they will feed on YOUR MONEY. Stay clear until the fundamentals mean something once again.
GRANDPA NICOLAI

Chico, CA

#8 Aug 11, 2010
RB Gerber wrote:
<quoted text>Yea, and that would create billions of impoverished people all around the world, including most every one in the U.S. It would be total economic collapse that no one would be able to escape. The collapse of Wall Street would bring about the collapse of all financial institutions world wide.
>
>
RB,

One of your better posts

Totally agree with you.
GRANDPA NICOLAI

Chico, CA

#9 Aug 11, 2010
liberal loon wrote:
Yea, and that would create billions of impoverished people all around the world, including most every one in the U.S.
.
That should make the democrats happy. More voters to mislead.
>
>
Don't you ever get tired of spouting B.S, TCS?
Joe Sixpack

Monmouth Junction, NJ

#10 Aug 11, 2010
Dont worry wrote:
Don't worry about it. That is how the traders make money. The volume of stocks being bought and sold these days is very low. That allows the hedge funds and other big money managers to create waves up and down. They make money when it goes both ways. Shorting while driving it down, and making it again on the up side.
The market is range bound 9600 to 10600. If you home gamers try to chase that range you will always be chasing the tail. The big trading desks have "wink and nod" collusion going on. They agree on which bad news will be hammered, which bad news will be ignored. Which good news to run on and which good news to be indifferent to. Don't bother with it. If you are not on the inside, they will feed on YOUR MONEY. Stay clear until the fundamentals mean something once again.
I think you would agree it pays to play the bottom and top of the range, S&P 1000 to 1200 for example. The market is manipulated to some extent, but the little guy can still make some dough if he knows what to do and how the big guys play the game.

Since: Jul 10

Location hidden

#11 Aug 11, 2010
Well granpa, it is nice to see that we can actually agree on something, sometimes.

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