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Printable Version of Topic "How did they make the dow go up like that?"

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---- How did they make the dow go up like that? (http://www.golivewire.com/forums/peer-yyeebea-support-a.html)


-- Posted by shadowpool at 12:45 pm on Sep. 18, 2008

How'd they do that?  Selling gold?  Printing money?  Banks robbing banks?  KFT replacing AIG?  Someone trip over a cable?  

http://finance.google.com/finance?q=.dji&hl=en


LOLWUT


-- Posted by Seanee at 12:48 pm on Sep. 18, 2008

They sold gold which they stole from a bank.


-- Posted by shadowpool at 1:01 pm on Sep. 18, 2008

http://www.bloomberg.com/apps/news?pid=20601087&sid=aOEQDGa_6XT0&refer=home


-- Posted by obvious child at 1:54 pm on Sep. 18, 2008

It's a classic moral hazard.  

People believe that the government is going to intervene. That directly to them, reduces their perceived risk, therefore they invest in firms they normally would not have invested it.

Those who subscribe to Buffet's ideology of "be greedy when others are fearful and be fearful when others are greedy" have already bought huge sums of stocks weeks to months ago.


-- Posted by allsmiles at 1:58 pm on Sep. 18, 2008

Well it looks almost identical to the chart for gold price. I would presume that there's a strong link there somewhere. It's not just the Dow, stock markets all over the world are on the rise.


-- Posted by shadowpool at 7:44 am on Sep. 19, 2008

Holleeeeyyyy shit.  

http://finance.google.com/finance?q=.dji

Are you guys watching this?!

Everyone is going to cash out and go hide.  o.o


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