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wilderthanmild
Jun 21, 2010

Posting shit




Grimey Drawer
It dropped but is back to going up. Was briefly above 24k before the fed said "ummm yeah we're raising rates"

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Epic High Five
Jun 5, 2004



UNACCEPTABLE

Sheng-Ji Yang
Mar 5, 2014


https://www.marketwatch.com/story/mnuchin-has-a-simple-reason-why-the-dow-is-poised-for-its-worst-december-since-1931-2018-12-18

quote:

Treasury Secretary Steven Mnuchin has weighed and measured the recent destruction that put the Dow Jones Industrial Average on track for its worst December since 1931, and he appears to have drawn his own conclusions as to the impetus.

Mnuchin during a Tuesday interview with Bloomberg News in Washington said that the effect of the financial-crisis-era Volcker rule and high-frequency trading have combined to sap liquidity in the market and insert an unprecedented measure of volatility in assets.

‘In my opinion, market structure has led to a lot more volatility. Part of this is a combination of the market presence of high-frequency traders combined with the Volcker rule.’

The Volcker rule refers to the controversial standards put in place to prohibit banks from trading for their own accounts, in the wake of the 2007-09 financial crisis, while high-frequency trading refers to superpowered computers engineered to execute transactions at lightning-quick speeds, which has become arguably the dominant force in the market over the years since its advent.

lmao if they use this to get rid of the volcker rule

fabergay egg
Mar 1, 2012

it's not a rhetorical question, for politely saying 'you are an idiot, you don't know what you are talking about'


you already know they will, get out of here with this "if" nonsense

wilderthanmild
Jun 21, 2010

Posting shit




Grimey Drawer
Back to Red

Bananasaurus Rex
Mar 19, 2009
Number back down. We did it everyone! :woop:

*2 minutes later* i regret to inform you that the number is back up

Moridin920
Nov 15, 2007

by FactsAreUseless
Lower lows, lower highs

This is a bear market now imo

Crazycryodude
Aug 15, 2015

Lets get our X tons of Duranium back!

....Is that still a valid thing to jingoistically blow out of proportion?


Number go down :gritin:

FBS
Apr 27, 2015

The real fun of living wisely is that you get to be smug about it.

NOW That's What I Call Volatility 353

Leo
Oct 25, 2005


why is it going back down

Rated PG-34
Jul 1, 2004




must be cool to be a finance reporter who just write articles all day about numbers going up and numbers going down

Sheng-Ji Yang
Mar 5, 2014


Leo posted:

why is it going back down

Ardennes
May 12, 2002

Sheng-Ji Yang posted:

lmao if they use this to get rid of the volcker rule

The administration is going to be pretty desperate considering Powell's comments.

Also the DOW is swinging 100 points or so based depending on Powell's every sentence. Capitalism is fragile.

Karl Barks
Jan 21, 1981

number go up, number go down, you can't explain that!

Epic High Five
Jun 5, 2004



tired: why is it pinballing around like this?

wired: why anything

OhFunny
Jun 26, 2013

EXTREMELY PISSED AT THE DNC
lol I refreshed the page and the Dow went from -200 to -280.

SKULL.GIF
Jan 20, 2017


THE BLOOD GATES ARE OPEN

REPEAT

THE BLOOD GATES ARE OPEN

SKULL.GIF
Jan 20, 2017


WE SET A NEW YEARLY LOW

SKULL.GIF
Jan 20, 2017


Going below the February low is a huge, huge deal guys

Neon Noodle
Nov 11, 2016

there's nothing wrong here in montana
why

Crazycryodude
Aug 15, 2015

Lets get our X tons of Duranium back!

....Is that still a valid thing to jingoistically blow out of proportion?


Holy poo poo I walk away for seven minutes and the entire world economy collapses that's lit

Moridin920
Nov 15, 2007

by FactsAreUseless

Epic High Five posted:

tired: why is it pinballing around like this?

wired: why anything

Moridin920
Nov 15, 2007

by FactsAreUseless
Lol number down hard

Crazycryodude
Aug 15, 2015

Lets get our X tons of Duranium back!

....Is that still a valid thing to jingoistically blow out of proportion?


Is it too optimistic to hope for DOW 23000 today

Bananasaurus Rex
Mar 19, 2009
I thought the market was gonna go back down. But not until like tomorrow. Down over 1.5% already and dropping. lol our economy is broken.

People are realizing that the tax cuts were a one time thing and companies won't grow like they did in 2018. Traders were hoping for some magical dovish statement to reverse all of this negative sentiment but i guess powell didnt deliver in that impossible task.

Lokar
Mar 10, 2006

gently caress yeah keep dropping.

and stock market gods, please take Tesla down with the crash. I have prayed so hard for blood

Ardennes
May 12, 2002
There is going to be so much poo poo thrown at Powell once he leaves that podium, holy hell.

It looks like a full blown crash, 500 points (700 shift today).

Ardennes fucked around with this message at 21:07 on Dec 19, 2018

BrutalistMcDonalds
Oct 4, 2012


Lipstick Apathy
a lot of lolling today

Bananasaurus Rex
Mar 19, 2009

Crazycryodude posted:

Is it too optimistic to hope for DOW 23000 today

We might get there in 10 minutes at this rate.

OhFunny
Jun 26, 2013

EXTREMELY PISSED AT THE DNC
LMFAO at the Dow swinging from +380 to -380.

Sheng-Ji Yang
Mar 5, 2014


i freaking love nuumbers

SKULL.GIF
Jan 20, 2017


IT'S HERE YOU MOTEHR FUCKERS IT'S loving HERE

Pf. Hikikomoriarty
Feb 15, 2003

RO YNSHO


Slippery Tilde
lol what was wall st expecting out of the fed if theyre reacting like this

wilderthanmild
Jun 21, 2010

Posting shit




Grimey Drawer
I love how all the news stories are still "Dow rises on random bullshit news" whilst it's down 400 pts.

abelwingnut
Dec 23, 2002


i’m lovin’ this

wilderthanmild
Jun 21, 2010

Posting shit




Grimey Drawer
Holy poo poo it might break 23k at this rate.

Skyl3lazer
Aug 27, 2007

[Dooting Stealthily]



Moridin920 posted:

Lower lows, lower highs

This is a bear market now imo

what gave it away idiot

Bananasaurus Rex
Mar 19, 2009

power word- Jeb! posted:

lol what was wall st expecting out of the fed if theyre reacting like this

"Trumps right! Set the rate to 0 and never raise it again! Free money for the rich!"

Bananasaurus Rex
Mar 19, 2009
Bouncin off the lows. Dont do this to me number. Keep going down!

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Skyl3lazer
Aug 27, 2007

[Dooting Stealthily]



lol there's exactly 1 index component in green for djia

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