Who else is glued to the DOW?

[Broncojohnny]

Fed's loss of confidence on the economy. Beji is throwing in the towel, basically saying that this economy needs help. No rate hikes for 2 years. We might have a good turn around, but my long is solid.

Or he is trying to do what he should have done this time last year and just offer lip service. The economy will recover fine if they just leave it alone and can shut up the idiot at the White House.

Buyers are definitely in the house. I suppose that is encouraging. Probably the hedge funds.

[Denny]

Lol, or they're trying other avenues like changing their tone to impact interest rates or extending the average debt duration before launching QE3... It will be another 6 months before the impacts of QE2 can be assessed.

Roger that. It also allows everyone and their mother what to expect for the next two years as far as interest rates go. Have they ever done that?

There was no way in hell Benji would have said anything about pumping money this week. This is the best he could do without flipping everyone out. The guy does have a brain afterall.

Look at the indicies!

[AdamLX]

Or he is trying to do what he should have done this time last year and just offer lip service. The economy will recover fine if they just leave it alone and can shut up the idiot at the White House.

Buyers are definitely in the house. I suppose that is encouraging. Probably the hedge funds.

Going on Obama's essential disappearance over the last week I am hoping it's possible his strings have been pulled to just STFU.

[AdamLX]

Side note: looks like the late day swoopers have shown up.

[Broncojohnny]

Wow, buyers swooped in and loaded up.

So many people bought Bank of America that my little graph can't display the scale. 479 millions shares traded and I bet half of that was after Uncle Ben spoke. Maybe 90% of it.

[Denny]

This bottom has been defined. Props to Ben for that one (not that it was solely him).

[momo]

nonsense.

[Denny]

Or he is trying to do what he should have done this time last year and just offer lip service. The economy will recover fine if they just leave it alone and can shut up the idiot at the White House.

Buyers are definitely in the house. I suppose that is encouraging. Probably the hedge funds.

That's giving him a little too much credit. More like a defensive move.

[347Mike]

I placed a buy for IR. It is way way oversold and depending on how the market looks tomorrow am I may just place a market order and remove my current limit order.

[Denny]

nonsense.

U mad?

[347Mike]

U mad?

A little.

[momo]

U mad?

i'm just mind boggled.

[Denny]

lol

[slow99]

I placed a buy for IR. It is way way oversold and depending on how the market looks tomorrow am I may just place a market order and remove my current limit order.

Damn you should short it, lmao!

[347Mike]

Damn you should short it, lmao!

Negative. You guys have inspired me to go long. I have been doing my own analysts and DD and I am looking at a month or two.

All the stocks I watched on my ticker have been fucked (technicals) due to this dump. It is hard to gauge from a technical aspect now that everything is so volatile.