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Realistbear

Dow Up 416 Points As Sterling Drops 150 Pips Vs. $

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DOW JONES INDUSTRIAL AVERAGE IN (DJI:^DJI)

Index Value: 12,156.81

Trade Time: 8:04PM

Change: 416.66 (3.55%)

Prev Close: 11,740.15

Open: 11,741.33

Day's Range: 11,741.01 - 12,158.03

52wk Range: 11,634.80 - 14,198.10

Volume: 371,764,243

GBPUSD=X 1 11 Mar 2.0056

GBPEUR=X 1 11 Mar 1.3090

http://biz.yahoo.com/ap/080311/wall_street.html

AP
Stocks Shoot Higher on Fed Credit Plan
Tuesday March 11, 4:21 pm ET
By Joe Bel Bruno, AP Business Writer
Dow Jumps More Than 400 Points After Fed, Other Central Banks Move to Ease Credit Crisis
NEW YORK (AP) -- Wall Street finally found a reason for a huge rally Tuesday, after the Federal Reserve said it plans to pump $200 billion into the financial markets to help ease the strain from the credit crisis. The Dow Jones industrial average shot up more than 416 points, its
biggest one-day point gain since July 24, 2002
.

Stocks are usually forward looking and I think they are assuming that the troubles will be over by the end of the 2nd Q. Maybe. But not for houses, they should see a further 2 years of drops before hitting a long bottom.

http://biz.yahoo.com/ap/080311/business_of_life.html

AP

Gold Prices Push Consumers to
Sell
Tuesday March 11, 12:52 pm ET
By Dave Carpenter, AP Business Writer
AP Centerpiece: There's Gold in Them Thar Jewelry Boxes: Consumers Sell Gold for Top Dollar
CHICAGO (AP) -- A new kind of gold rush is unfolding at jewelry store and pawn shop counters -- featuring not prospectors, but consumers.

I remember flogging bits and pieces of gold plus a hoard of Sovs back near the peak in the very early 1980's. It crashed shortly after this phase of the gold rush. This news could be signalliung a sell situation. The herd are getting frenzied--of the selling kind. With fear prevelant in the market many will be saying: Times are going to get rough and it might be best to cash in and not RISK a sharp sell off going into a nasty recession with deflation looming. Psychology rules gold markets.

http://www.kitco.com/market/

GOLD*

03/11/2008

16:25

861.90*

862.70

-110.10

-12.11%

____________________

* Just kidding :)

Edited by Realistbear

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It's quite sad to see the sheeple so gladly getting rid of probably the only solid asset they have. So easily shorn of their gold ...

Not sure why the dollar rebounded tonight. The fun and games of this circus just get more and more crazy with each passing day.

This from jsmineset.com - Protect youself while you still have time -

What is occurring is THE MONETIZATION OF BANKRUPTCY.

The predictable result of monetizing bankruptcy is a significant increase in inflation and a sharply lower dollar.

The result of a sharply lower dollar is sharply higher gold regardless of the dress up process being applied to the US dollar and gold today. The dress up is to prevent a stinging rebuff for the Federal Reserve paying a FARCE price for bankrupt derivative packages purely to keep the banks that are almost all on the edge solvent.

This action speaks negatively for 30 year US Treasury bonds.

What needs to be understood is that there are more than $20 trillion dollars worth of credit and default derivatives out there.

The next key point is that nominal value of this over $20 trillion of credit and default derivatives becomes full value when the derivative fails to perform.

This comes on a modest capital injection into a bond guarantee company that facilitates pinning a tin AAA debt rating heart on them; something that is a total fallacy.

The problem at the heart of the deteriorating credit lockup situation is OTC credit and default derivatives that have failed to perform.

The inviting conclusion then is that $200 billion is as pimple on the ass of an elephant.

Nobody in his or her right mind wishes to see what is coming in 2011. It approaches the “Day After” and “Mad Max” in a financial sense.

The only protection is hard assets of any type, shares or kind (preferably not US companies), and the Federal Reserve Gold Certificate Ratio, modernized and revitalized.

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  • 293 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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