patrick.net

Well there's always the Little Sucker.

http://www.youtube.com/watch?v=mDaPHVcUdS8&feature=related

But the day will end bullish due to short covering in front of the Wisconsin recall votes.

or not.

marcus says

But the day will end bullish due to short covering in front of the Wisconsin recall votes.

Is there a good website that has up-to-date polling data for this?

And when do the polls close... 8pm central?

Good question. But then we learned in Ohio 2004, contrary to previous experience, exit polls can be WAYYY off.

marcus says

But the day will end bullish due to short covering in front of the Wisconsin recall votes.

1/2 hr to go and you're right so far...

I checke fivethiryeight, and surprisingly, Nate Silver isn't covering the recall vote.

shrekgrinch says

As I said, if they were going to do QA3 they wouldn't tell the world about it.

They will do it behind the scenes as much as possible, or at least call it something else...ANYTHING else.

I still think they'll keep up the symbolic stuff for a while before any sort of serious monetary mayhem gets put back on the table. But who knows... if the stock market drops further down the shitter in a serious hurry, or if benny smells the tiniest hint of deflation, watch out!

This is just macho talk on the part of the Fed to try to build confidence. If we see another 15% decline, they'll go back on their words.

Doubt we'll see the end of September without some form of QE.

But who knows, maybe the "no change" spiel will work - for a time...

The possible political sanity that would be implied by major democratic wins in Wisconsin has to be terrifying to anyone who is short the market now.

Looks like yesterday's sucker's rally is now (finally) over - Dow down 519 today. Thus far this week - 836.

I say that 10K is the magic line... plus maybe some modest disinflationary metric... then QE3ish gets announced.

Unless Europe implodes, which is looking more likely by the day. Then all bets are off!

terriDeaner says

I say that 10K is the magic line... plus maybe some modest disinflationary metric... then QE3ish gets announced.

I agree. There is going to be QE3 if the market keeps dropping.

But we've forgotten, the banks are not illiquid, they're insolvent. The assholes-that-be hoped to keep the banks' doors open until they could get another bubble going to help the banks' loan assets. Since there hasn't been one, we'll have to deal with the insolvent banks *again*.

This time, for the love of god, we need to let them fail.

But never underestimate the ability for the Patrician class to vote themselves wealth, while warning about voting wealth to the hands of the public.

thunderlips11 says

But we've forgotten, the banks are not illiquid, they're insolvent.

I haven't forgotten. And it seems like others are waking up to this - TBTF bank stocks like BOA, Citi, WF have been taking a beating in this crash.

thunderlips11 says

This time, for the love of god, we need to let them fail.

Agreed!!!

thunderlips11 says

But never underestimate the ability for the Patrician class to vote themselves wealth, while warning about voting wealth to the hands of the public.

Sigh... agreed.