Home › Forums › Financial Markets/Economics › Dow Closes below 13000 today. Down 167 points. NDQ -40, S&P -19.8
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August 16, 2007 at 7:39 AM #76333August 16, 2007 at 7:48 AM #76224capemanParticipant
You could very well be right about 500 today with most of that coming at the end of the day. The strong man is holding it up but he’s remembering that he never ate his Wheaties this morning and didn’t take the roids.
August 16, 2007 at 7:48 AM #76343capemanParticipantYou could very well be right about 500 today with most of that coming at the end of the day. The strong man is holding it up but he’s remembering that he never ate his Wheaties this morning and didn’t take the roids.
August 16, 2007 at 7:48 AM #76345capemanParticipantYou could very well be right about 500 today with most of that coming at the end of the day. The strong man is holding it up but he’s remembering that he never ate his Wheaties this morning and didn’t take the roids.
August 16, 2007 at 8:07 AM #76233GoUSCParticipantWe might be heading for a really bad day. To summarize:
1. Asian markets tanked
2. Dollar continues to suck
3. Countrywide had to borrow $11.5 billion from banks to fund operations
4. Housing starts lowest since 1997
5. Unemployment is up 6000 unexpectedlyGreat.
August 16, 2007 at 8:07 AM #76352GoUSCParticipantWe might be heading for a really bad day. To summarize:
1. Asian markets tanked
2. Dollar continues to suck
3. Countrywide had to borrow $11.5 billion from banks to fund operations
4. Housing starts lowest since 1997
5. Unemployment is up 6000 unexpectedlyGreat.
August 16, 2007 at 8:07 AM #76354GoUSCParticipantWe might be heading for a really bad day. To summarize:
1. Asian markets tanked
2. Dollar continues to suck
3. Countrywide had to borrow $11.5 billion from banks to fund operations
4. Housing starts lowest since 1997
5. Unemployment is up 6000 unexpectedlyGreat.
August 16, 2007 at 8:22 AM #76245CAwiremanParticipantQuick snapshot: Dow – 102, NASDAQ – 8.2, S&P – 6.49
Let’s wait until the large lady sings at the end of the
day.If anyone can give me a “follow the money” version of what the central banks are doing with the money they are infusing into the system and how it helps. Thanks all.
_________________________________________________Stocks Extend Slide on Countrywide News
08/16/07 10:28 EDT
By JOE BEL BRUNONEW YORK (AP) – Stocks fell sharply Thursday after investors were shaken by problems at Countrywide Financial Corp. that confirmed fears of widening credit problems and after the Federal Reserve injected $17 billion of liquidity into the banking system. The Dow Jones industrial average fell 130 points.
Investors’ confidence, already diminished by months of bad news about mortgages and credit, took a further drubbing after Countrywide, the nation’s largest mortgage lender said it was forced to draw on an $11.5 billion credit line to fund operations.
And, Wall Street seemed unfazed as the New York Fed – which carries out the central bank’s market operation – announced an overnight repurchase agreement worth $12 billion. This was on top of a 14-day “repo” worth $5 billion announced before the market opened.
Central banks around the world have been supplying billions of funds to banks in the past week to make cash available for lending and keep interest rates from rising amid signs that credit was drying up. The Fed uses a repo to buy securities from dealers, who then deposit the money into commercial banks.
HiggyBaby
August 16, 2007 at 8:22 AM #76364CAwiremanParticipantQuick snapshot: Dow – 102, NASDAQ – 8.2, S&P – 6.49
Let’s wait until the large lady sings at the end of the
day.If anyone can give me a “follow the money” version of what the central banks are doing with the money they are infusing into the system and how it helps. Thanks all.
_________________________________________________Stocks Extend Slide on Countrywide News
08/16/07 10:28 EDT
By JOE BEL BRUNONEW YORK (AP) – Stocks fell sharply Thursday after investors were shaken by problems at Countrywide Financial Corp. that confirmed fears of widening credit problems and after the Federal Reserve injected $17 billion of liquidity into the banking system. The Dow Jones industrial average fell 130 points.
Investors’ confidence, already diminished by months of bad news about mortgages and credit, took a further drubbing after Countrywide, the nation’s largest mortgage lender said it was forced to draw on an $11.5 billion credit line to fund operations.
And, Wall Street seemed unfazed as the New York Fed – which carries out the central bank’s market operation – announced an overnight repurchase agreement worth $12 billion. This was on top of a 14-day “repo” worth $5 billion announced before the market opened.
Central banks around the world have been supplying billions of funds to banks in the past week to make cash available for lending and keep interest rates from rising amid signs that credit was drying up. The Fed uses a repo to buy securities from dealers, who then deposit the money into commercial banks.
HiggyBaby
August 16, 2007 at 8:22 AM #76366CAwiremanParticipantQuick snapshot: Dow – 102, NASDAQ – 8.2, S&P – 6.49
Let’s wait until the large lady sings at the end of the
day.If anyone can give me a “follow the money” version of what the central banks are doing with the money they are infusing into the system and how it helps. Thanks all.
_________________________________________________Stocks Extend Slide on Countrywide News
08/16/07 10:28 EDT
By JOE BEL BRUNONEW YORK (AP) – Stocks fell sharply Thursday after investors were shaken by problems at Countrywide Financial Corp. that confirmed fears of widening credit problems and after the Federal Reserve injected $17 billion of liquidity into the banking system. The Dow Jones industrial average fell 130 points.
Investors’ confidence, already diminished by months of bad news about mortgages and credit, took a further drubbing after Countrywide, the nation’s largest mortgage lender said it was forced to draw on an $11.5 billion credit line to fund operations.
And, Wall Street seemed unfazed as the New York Fed – which carries out the central bank’s market operation – announced an overnight repurchase agreement worth $12 billion. This was on top of a 14-day “repo” worth $5 billion announced before the market opened.
Central banks around the world have been supplying billions of funds to banks in the past week to make cash available for lending and keep interest rates from rising amid signs that credit was drying up. The Fed uses a repo to buy securities from dealers, who then deposit the money into commercial banks.
HiggyBaby
August 16, 2007 at 10:03 AM #76320(former)FormerSanDieganParticipantLook at those bond yields.
10-year all the way down to 4.58%
August 16, 2007 at 10:03 AM #76440(former)FormerSanDieganParticipantLook at those bond yields.
10-year all the way down to 4.58%
August 16, 2007 at 10:03 AM #76465(former)FormerSanDieganParticipantLook at those bond yields.
10-year all the way down to 4.58%
August 16, 2007 at 1:27 PM #76505CAwiremanParticipantFinished out almost flat (DOW – 15, NASDAQ down – .7, and S&P up +4.5.)
Helps to keep the market from careening off a cliff….
HiggyBaby
August 16, 2007 at 1:27 PM #76626CAwiremanParticipantFinished out almost flat (DOW – 15, NASDAQ down – .7, and S&P up +4.5.)
Helps to keep the market from careening off a cliff….
HiggyBaby
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