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Re: Our financial system is crumbling this week.

Posted: August 5 11, 8:47 am
by heyzeus
DJIA is up 31 points so far today. RECOVERY!

Re: Our financial system is crumbling this week.

Posted: August 5 11, 8:55 am
by vinsanity
heyzeus wrote:DJIA is up 31 points so far today. RECOVERY!
Did you miss that red means down?

Re: Our financial system is crumbling this week.

Posted: August 5 11, 8:56 am
by IMADreamer
back down about 28 now. lol Going to be a volatile day. Corns is off .08 today which is much more important to my family. Although we've sold atleast half of our coming crop for well over $7 a bushel so we are pretty happy.

Re: Our financial system is crumbling this week.

Posted: August 5 11, 9:25 am
by heyzeus
vinsanity wrote:
heyzeus wrote:DJIA is up 31 points so far today. RECOVERY!
Did you miss that red means down?
The Dow was up earlier today and is down now. So it goes.

Re: Our financial system is crumbling this week.

Posted: August 5 11, 10:14 am
by sighyoung
On a good note (for me, anyway), mortgage rates fell again. http://money.msn.com/home-loans/article ... &GT1=33032

Re: Our financial system is crumbling this week.

Posted: August 5 11, 12:00 pm
by vinsanity
heyzeus wrote:
vinsanity wrote:
heyzeus wrote:DJIA is up 31 points so far today. RECOVERY!
Did you miss that red means down?
The Dow was up earlier today and is down now. So it goes.
Back up. THought it was funny it opened up 50 or 60, then started sliding and when I saw the Time of yours I double checked and saw we were down like 60.

Re: Our financial system is crumbling this week.

Posted: August 5 11, 12:04 pm
by sighyoung
vinsanity wrote:
heyzeus wrote:
vinsanity wrote:
heyzeus wrote:DJIA is up 31 points so far today. RECOVERY!
Did you miss that red means down?
The Dow was up earlier today and is down now. So it goes.
Back up. THought it was funny it opened up 50 or 60, then started sliding and when I saw the Time of yours I double checked and saw we were down like 60.
Geez. It's like Wall Street traders are clicking in and out of the GRB Babe thread.

Re: Our financial system is crumbling this week.

Posted: August 5 11, 9:26 pm
by longhornbaseball
S&P downgrades US credit. Markets do nothing.

Re: Our financial system is crumbling this week.

Posted: August 5 11, 10:21 pm
by ghostrunner
I'm a little uneasy about these credit agencies. Hopefully it's harmless

especially given this:
S&P officials notified the Treasury Department early Friday afternoon it was planning to downgrade the debt, a government official said, and the firm presented its report to the White House. S&P has previously warned such a downgrade might come if Washington didn't move to comprehensively tackle its long-term fiscal woes.

After two hours of analysis, Treasury officials discovered that S&P officials had miscalculated future deficit projections by close to $2 trillion. It immediately notified the company of the mistakes.

S&P officials later called administration officials back to say they agreed about the mistakes, though they didn't say whether it would affect the rating. White House officials remained waiting Friday evening to see what the company would do.

Re: Our financial system is crumbling this week.

Posted: August 5 11, 10:58 pm
by Freed Roger
The US is an exception. The laws of nature do not apply to US. As in exceptionalism. Our economy only goes up baby!