Treasury Secretary Tim Geithner opens mouth and the market DOES NOT TANK!....

Treasury Secretary Tim Geithner opens mouth and the market DOES NOT TANK!.... (Full Version)

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SilverMark -> Treasury Secretary Tim Geithner opens mouth and the market DOES NOT TANK!.... (3/23/2009 8:35:35 AM)
http://articles.moneycentral.msn.com/Investing/Dispatch/market-dispatches-032309.aspx?icid=dispatch_090323 Not too bad for once!

ThatDamnedPanda -> RE: Treasury Secretary Tim Geithner opens mouth and the market DOES NOT TANK!.... (3/23/2009 9:31:22 AM)
Yeah, I'm studying this proposal now, and it looks pretty interesting. Definitely reason for cautious optimism. Dow's up over 320 right now, I'm very interested in seeing how this holds up this afternoon.

DomKen -> RE: Treasury Secretary Tim Geithner opens mouth and the market DOES NOT TANK!.... (3/23/2009 12:04:46 PM)
Finally a plan to stop shoveling money willy nilly but to buy up the bad loans and to renegotiate the underlying mortgages.

ThatDamnedPanda -> RE: Treasury Secretary Tim Geithner opens mouth and the market DOES NOT TANK!.... (3/23/2009 12:18:13 PM)
Market's feelin' the love so far, up over 380 points at the moment. I think it's being driven largely by emotion right now, a sense of relief that something's finally being done. I'll be particularly interested in how the market reacts after investors and analysts have a day or two to study the details and examine what it really means going forward. But for right now, it's pretty damned good to see some positive direction for a change.

pahunkboy -> RE: Treasury Secretary Tim Geithner opens mouth and the market DOES NOT TANK!.... (3/23/2009 1:07:28 PM)
The market is rigged. The plunge protection team is one such rig mechanism. Investment banks can back date trades, and AIG wrote out massive insurance, but never sent in the payment. !!!! So now that money is due. All the trillions in bail outs- produce nothing of human value. Only paper. This is not going to blow over. Grab silver, gold, food and ammo. By years end- the DOW will be lucky to be 4000, likely to be 3800. Massive amounts of wealth are wiped out. The debts can never be repaid. It is that simple. The prez can fix alot of this with a stroke of the pen. Simply void derivative contracts. Being that they were made via fraud, those players need to fry. We dont live in a country- we live in the BANK. Divy up your share of the bail out money, get to work, as it must be paid before you die.

corysub -> RE: Treasury Secretary Tim Geithner opens mouth and the market DOES NOT TANK!.... (3/23/2009 1:20:56 PM)
Finally, Geithner is addressing what Barack and Pelosi have failed to do...THE major problem affecting the economy....reinforcing bank balance sheets to strengthen liquidity and the ability of these instiutions to lend money. Now, if we could only repeal that obscene "Stimulus" nonsense of legislation before a penny is spent the market will be back to 10,000 on the Dow.

Lucylastic -> RE: Treasury Secretary Tim Geithner opens mouth and the market DOES NOT TANK!.... (3/23/2009 1:29:29 PM)
oooh its almost up 500 on the day.

TheUtopian -> RE: Treasury Secretary Tim Geithner opens mouth and the market DOES NOT TANK!.... (3/23/2009 1:48:23 PM)
quote: All the trillions in bail outs- produce nothing of human value. Only paper. It's so worthless --- You can't even wipe your ass with that kind of paper... - R

slvemike4u -> RE: Treasury Secretary Tim Geithner opens mouth and the market DOES NOT TANK!.... (3/23/2009 1:50:09 PM)
Tell you what Utopian,since you can't wipe your ass with it send it my way....I shall find a use for it.

TheUtopian -> RE: Treasury Secretary Tim Geithner opens mouth and the market DOES NOT TANK!.... (3/23/2009 1:56:26 PM)
I guess you could stick it in the wood stove to try and keep you warm - but I don't know if it would even catch a flame... - R

slvemike4u -> RE: Treasury Secretary Tim Geithner opens mouth and the market DOES NOT TANK!.... (3/23/2009 1:58:00 PM)
I'll take my chances...LOL

pahunkboy -> RE: Treasury Secretary Tim Geithner opens mouth and the market DOES NOT TANK!.... (3/23/2009 1:58:39 PM)
Funny enough, toilet paper is suppose to go up a large per centage in the next year.

slvemike4u -> RE: Treasury Secretary Tim Geithner opens mouth and the market DOES NOT TANK!.... (3/23/2009 2:02:24 PM)
Pahunkboy...the sky is not falling...I repeat ....the sky is NOT falling.

TheUtopian -> RE: Treasury Secretary Tim Geithner opens mouth and the market DOES NOT TANK!.... (3/23/2009 2:11:23 PM)
quote: ORIGINAL: slvemike4u Pahunkboy...the sky is not falling...I repeat ....the sky is NOT falling. Even with his flair for excitement - I don't read him like that at all.... When I read his above prognostication, what comes to mind is that a large bloc of the ''so-called'' or ''used-to-be'' middle-class better get used to a much lower standard of living in the years to come. [;)] - R

StrangerThan -> RE: Treasury Secretary Tim Geithner opens mouth and the market DOES NOT TANK!.... (3/23/2009 2:20:23 PM)
quote: ORIGINAL: slvemike4u Tell you what Utopian,since you can't wipe your ass with it send it my way....I shall find a use for it. Good point. Excellent point actually. Ain't no one sending money your way, paper or otherwise. In the cycle of debt, the only real dollars are coming from you, not going to you. Interesting isn't it? And of course the market is up today. No one is talking nationalization and they're getting more money to play with. Don't get me wrong, I don't want it to fail. I can't afford for it to fail. What I want are the architects fried, government and business. A good portion of them are on wall street, another sizeable section are sitting in congress.

pahunkboy -> RE: Treasury Secretary Tim Geithner opens mouth and the market DOES NOT TANK!.... (3/23/2009 2:20:41 PM)
quote: ORIGINAL: TheUtopian quote: ORIGINAL: slvemike4u Pahunkboy...the sky is not falling...I repeat ....the sky is NOT falling. Even with his flair for excitement - I don't read him like that at all.... When I read his above prognostication, what comes to mind is that a large bloc of the ''so-called'' or ''used-to-be'' middle-class better get used to a much lower standard of living in the years to come. [;)] - R Things are not business as usual. I have a plan, and I will come out better then some. It angers me that a small group of elite have done this- and we fell for it. When people realize the full extent of the damage, for many- life as they know it will change. We have not lived thru a real depression. We think we know what it is- but we wont know that until we get there. ....in some ways the problem is easy to fix. Dont participate in the banking system. The powers that be understand only one thing. $$$$. This robbery is HUGE! Someone will have to pay the tab for all these shenanigans.

DomKen -> RE: Treasury Secretary Tim Geithner opens mouth and the market DOES NOT TANK!.... (3/23/2009 2:53:49 PM)
quote: ORIGINAL: pahunkboy Funny enough, toilet paper is suppose to go up a large per centage in the next year. Prices will not be going up much this year. As a matter of fact expect prices to go down until at least the 4th quarter.

pahunkboy -> RE: Treasury Secretary Tim Geithner opens mouth and the market DOES NOT TANK!.... (3/23/2009 3:02:09 PM)
quote: ORIGINAL: SilverMark http://articles.moneycentral.msn.com/Investing/Dispatch/market-dispatches-032309.aspx?icid=dispatch_090323 Not too bad for once! Nice profile pic!

popeye1250 -> RE: Treasury Secretary Tim Geithner opens mouth and the market DOES NOT TANK!.... (3/23/2009 4:38:55 PM)
Be careful! This is shaping up to be a bear market "Bear Trap." Until we get total capitulation we will remain in a bear market.

Vendaval -> RE: Treasury Secretary Tim Geithner opens mouth and the market DOES NOT TANK!.... (3/23/2009 4:40:03 PM)
Well, that's some good news for the day. We definately need more ups than downs right now.

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