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Author Topic: LIVE CNBC:Fake Recovery!Dollar DOWN 5% in under 100 Hours  (Read 16501 times)
Dig
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« on: January 22, 2008, 07:25:39 AM »

Here it comes, can you feel it?
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« Reply #1 on: January 22, 2008, 07:26:05 AM »

T - 4 minutes

CNBC
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« Reply #2 on: January 22, 2008, 07:26:38 AM »

Dow Jones Futures Down 400 points
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« Reply #3 on: January 22, 2008, 07:27:03 AM »

This could go under 10,000
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« Reply #4 on: January 22, 2008, 07:27:40 AM »

Fed cut rate 75 base points to dump the dollar even lower
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« Reply #5 on: January 22, 2008, 07:29:49 AM »



Fed stuns with emergency interest rate cut
http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=&xml=/money/2008/01/22/bcnfed122.xml
By David Litterick Last Updated: 2:20pm GMT 22/01/2008



Chairman Ben Bernanke cited the weakening economic outlook for its decision to cut 3.5pc. Its the Fed's first three-quarter point cut since 1984 and the first emergency cut since the aftermath of the September 11 terrorist attacks. The discount rate was cut by a similar amount to 4pc. Market watchers had speculated that the Fed would act after a day in which stock markets around the world suffered falls of more than 5pc. The FTSE 100 in London endured its biggest points loss ever. Nevertheless, the size of the cut took observers by surprise. The US markets had been closed yesterday for the Martin Luther King day holiday, but futures had pointed to the Dow opening a massive 500 points lower. The Fed had not been due to meet for another week but it said incoming information indicated a deepening of the housing market slump and a softening of the labour market, prompting it to act in a bid to alleviate the slowdown.  For many people however, the move will be seen as too little too late, as some economists believe the US is already in recession. The FTSE 100, which had been trading around 30 point lower before the announcement, surged more than 100 points after the decision but quickly retreated. The decision by the Federal Open Markets Committee was not unanimous, with member William Poole saying no action should be taken until next week's meeting. However Ben Bernanke has hinted recently that the bank was prepared to take drastic action if warranted. Ron Carnell, economist at ING said: "The cut today raises the question of whether the Fed will cut again at their meeting next week, but we will need more time to reflect on this before we reach a conclusion. For now, we believe that this is probably not likely, but then the Fed has clearly decided to "cut rates first and ask questions later", so we cannot rule it out."

~~~~~~~~~~~~~~~~~~~~~~~

The dollar is officially DEAD!


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« Reply #6 on: January 22, 2008, 07:30:29 AM »

I just turned on the TV. We are in for a hurricane today!

Fed cuts rates 75 basis points in emergency move

http://www.marketwatch.com/news/story/fed-cuts-rates-75-basis/story.aspx?guid=6D70F269-5B6F-46AE-80D1-C79AEF777BBF&dist=SecEditorsPicks
By Rex Nutting, MarketWatch
Last update: 9:07 a.m. EST Jan. 22, 2008
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WASHINGTON (MarketWatch) -- Hoping to prevent a market meltdown and recession, the Federal Reserve lowered its overnight lending rate by three quarters of a percentage point to 3.50% on Tuesday in a rare move between formal meetings.
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« Reply #7 on: January 22, 2008, 07:31:03 AM »

Asia Enters Bear Market
TheStreet.com - 2 hours ago
By Daniel M. Harrison The major Asian indices officially entered a bear market Tuesday, as a recent spread of speculative short positions led to panic selling, mainly due to hedge funds unloading heavily on margin calls.
Tokyo falls 6%, Hong Kong 9% as rout continues MarketWatch
Markets this morning: Hong Kong index plunges 8.7% USA Today
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« Reply #8 on: January 22, 2008, 07:31:35 AM »

Dow opens down over 200 points

Oil down over $5

Oil may drop to $70
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« Reply #9 on: January 22, 2008, 07:31:53 AM »

Dow    11,774.96    -324.34    (-2.68%)
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« Reply #10 on: January 22, 2008, 07:32:06 AM »

Dow down over 350 points
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« Reply #11 on: January 22, 2008, 07:32:29 AM »

-340.27    
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« Reply #12 on: January 22, 2008, 07:32:45 AM »

Bank of America down over 6%

lowest in 40 years

Apple down over 9%
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« Reply #13 on: January 22, 2008, 07:32:59 AM »

Dow -368.48
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« Reply #14 on: January 22, 2008, 07:33:00 AM »

down over 400
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« Reply #15 on: January 22, 2008, 07:33:23 AM »

down over 450
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« Reply #16 on: January 22, 2008, 07:33:36 AM »

-446.60
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« Reply #17 on: January 22, 2008, 07:34:33 AM »

All 30 of the Dow Jones Industrial Average down
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« Reply #18 on: January 22, 2008, 07:35:03 AM »

S&P down over 3.5%
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« Reply #19 on: January 22, 2008, 07:35:25 AM »

Dow Down over 3.7%
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« Reply #20 on: January 22, 2008, 07:37:06 AM »

CNBC Apologist Erin Burnett says:

"People should be happy with a 450 point drop because compared to Europe it should be a 700 point drop"

Erin is the same one that said we need to kill our babies to appease china
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« Reply #21 on: January 22, 2008, 07:37:31 AM »

FOREX-Dollar dives versus euro on emergency Fed cut
Reuters - 32 minutes ago
NEW YORK, Jan 22 (Reuters) - The dollar fell sharply against the euro on Tuesday after the Federal Reserve unexpectedly slashed its benchmark overnight lending rate by 75 basis points in a bid to allay market fears about a US recession.
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« Reply #22 on: January 22, 2008, 07:38:18 AM »

Cramer is also there to act like "all is well no need to panic"
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« Reply #23 on: January 22, 2008, 07:38:44 AM »

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« Reply #24 on: January 22, 2008, 07:41:00 AM »

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« Reply #25 on: January 22, 2008, 07:41:47 AM »

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« Reply #26 on: January 22, 2008, 07:42:15 AM »

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« Reply #27 on: January 22, 2008, 07:43:08 AM »

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« Reply #28 on: January 22, 2008, 07:45:02 AM »

What will happen to gold and silver over the next few days?
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« Reply #29 on: January 22, 2008, 07:45:26 AM »

Oil is steady at 88

Dow is steady at 11,700 (Down 380)
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« Reply #30 on: January 22, 2008, 07:45:50 AM »

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« Reply #31 on: January 22, 2008, 07:46:06 AM »

Yen Euro Pound...


ALL UP AGAINST THE DOLLAR!
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« Reply #32 on: January 22, 2008, 07:46:55 AM »

 I think brokers are breathing... a little.
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« Reply #33 on: January 22, 2008, 07:47:48 AM »

Dow now down 420. And fallinggggggggggggggggggg
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« Reply #34 on: January 22, 2008, 07:47:48 AM »



Hopefully not yet, they are still trying to slow bleed us to death

that is why the fed cut the rate.

this is a crucifiction of America, rather than a firing squad death
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Revolt Time


« Reply #35 on: January 22, 2008, 07:49:01 AM »

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« Reply #36 on: January 22, 2008, 07:49:21 AM »

the feds nervous...i think it could drop over 1000
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« Reply #37 on: January 22, 2008, 07:49:45 AM »

Dow down 300.

Looks like they are trying to totally screw over the small investors

they panicked everyone to sell early

they cut the rates

the top banks (BOA, JP) have already recovered their losses

the small investors got f**ked all in one hour

Mission Accomplished!
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« Reply #38 on: January 22, 2008, 07:51:36 AM »

Rockefeller/Rothschild are probably buying everything up right now.
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« Reply #39 on: January 22, 2008, 07:53:10 AM »

All banks up

Today was a CSCAM to f**k over small investors!

But get out of the market anyway!

This is Normandy!

It does not matter if you are an axis or ally

It is a blood bath

they are shaking the trees of all small investors to bust them

Dow recovered over 200 points already

this is a SCAM!!!!!!!!!!!!!
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