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-- 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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