CNN Email Desperately Boosts Struggling Stock Market
I don't normally get emails from CNN when the markets go from negative territory to positive, or vice-versa. But I did today, as the Dow and the S&P 500 oh-so-temporarily showed plus signs?
So why did CNN send the email? Could it be that the markets' plunge is getting more widely known, and the network feels the need to tamp down the spreading pessimism?
The CNN email, along with a separate graphic of the ridiculously puny momentary upward blip the network was celebrating, follow the jump.
The Dow (as seen above) and the S&P headed south shortly after I received the email.
If you think I received a follow-up email from CNN telling me that things had gone the other way, all I can say is: "You must be new around here."
UPDATE: The Dow closed up 30, making up about 11% of yesterday's loss, and the S&P closed up 6.
Cross-posted at BizzyBlog.com.
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CNN
Submitted by muckdog on Wed, 08/03/2011 - 3:36pm.
well today could end up being a "key reversal" in the stock market. We are a little below the march and June lows, but close to the frustrating 2011 trading range. The SP500 closed below the 200-day moving average yesterday, which many use to define a bull or bear market.
So, if we were down early today and reverse back up on high volume above the 200dma and back within the trading range, market technicians would probably view that as BREAKING NEWS.
Heck, I was in meetings and my buddy texted me when it went green!
Really?
Submitted by Tom Blumer on Wed, 08/03/2011 - 4:04pm.
Heck, I was in meetings and my buddy texted me when it went green!
Well, we've located CNN's outsourced e-mailer!
Prosperity vs Power
Submitted by Kingfish17 on Wed, 08/03/2011 - 4:27pm.
The vast bulk of Democrat power brokers long ago gave up any notion of a tide of economic prosperity lifting all boats. The rock solid Democratic base would rather have a SNAP card, free cell phones, rental assistance, student loans that can be forgiven, and Pell Grants that can be used to buy "anything" related to school expenses, then the trade-off of having a chance at upward mobility and living what we use to call the "American Dream". They will bargain away a chance at prosperity and accept a subsistence life style with a side of "bling". The Democratic Party has chosen the political power that comes with enslaving, (economically speaking), a huge chunk of the American population, instead of allowing free-market prosperity..
The other half that votes Democratic needs to choose between these paths, either for themselves or for their children and grand children. As long as libs retain power, more and more people will be lured into the trap of a free-ride.
Our hope is that we don't have to go all the way down the rat-hole of the former Soviet Union and central planning before we turn things around.
"You can’t go take a trip to Las Vegas...on the taxpayer’s dime." Barack Obama
Please, you might as well ask a heroin junky to get clean
Submitted by lsudolemite on Wed, 08/03/2011 - 5:13pm.
for all the good it'll do. And just like heroin addicts, the only thing entitlement junkies care about is their next fix. Some will see how dire their situation is and try to change voluntarily; most won't. This is the incredible success of progressive policies: the ability to bribe enormous special interests with their fellow citizens' money, in exchange for entrenched political power. And in our case, the money of generations yet unborn.
CNN, a name you can't trust.
Submitted by TerryWest on Wed, 08/03/2011 - 4:28pm.
The White House propaganda elves busy filling orders again...click click send
It is not uncommon for the
Submitted by bassndude on Wed, 08/03/2011 - 5:03pm.
It is not uncommon for the DJI to gain after losing 800 points. Looking at the charts, we have what they call a hammer on the dow today. They view that as a positive, and possible reversal of the downward trend. That needs to be confirmed tomorrow. A key support area is at 11550's. If the dow breaks below that, then it could, maybe fall back to below the 10000 range. There is nothing settled about a small up day after a 785 point drop. It's not a positive sign. What it means is, there was some entry at good prices. Remember that there are only 30 stocks in the Dow Jones Index.
Some picked up T at a bargain. Gold and silver are still up. Oil is down. This market is still very unsettled. And lets not forget inflation and the fed printing money again. This could have just been a little blip.
We will know more tomorrow.
Save a SeAL, club a liberal/troll!!
So here is CNN's answer for
Submitted by bassndude on Thu, 08/04/2011 - 11:07am.
So here is CNN's answer for their "positive" up on the DJI yesterday. Initial unemployment was 400,000, and last week was revised up 1000 to 401,000 new claims.
DOW is down 245 at this point today. The key level is 11,550 or so. Watch if the dow breaks below that, it could get real nasty. If you were not short in the market yesterday, then your losing today.
Gold is up, oil and gas are down and the fed is printing money and has borrowing has toped 100% of GDP.
This ain't good kiddies. The market MAY recover some tomorrow or late today, but I would look for another down day tomorrow.
Save a SeAL, club a liberal/troll!!