Markets: Down

Discussion in 'Economy' started by Annie, Jun 22, 2009.

  1. Annie
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    Annie Diamond Member

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    What do you think of this?

    He Called the 2007 Top and Recent Rally, Now Charles Nenner Sees Trouble Ahead for Stocks: Tech Ticker, Yahoo! Finance

     
  2. editec
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    editec Mr. Forgot-it-All

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    Who can predict what the market will do?

    Only the insiders who manipulate it.
     
  3. Terral
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    Terral Terral Corp CEO

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    Hi Editec:

    All I can say is that eventually the NWO Obama Kool-aid is going to wear off and Dow 5000 will look really good . . .

    My Hyperinflation/Derivatives Bubble-Burst Warning post is here.

    GL,

    Terral
     
  4. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    My friend and I were talking about the latest "gyrations" of the market and came to the same conclusions:
    1. Dead Cat Bounce
    2. Day traders buying and selling during the day causing the dow to go up a down wildly. It isn't a reliable indicator of the true health of the economy.
    3. Although job loss will slow, job creation will not materialize in great enough numbers in the foreseable future.
    4. Dow returns to the 5000-6000 level.
    5. Buy precious metals as a hedge against inflation.
     
  5. wimpy77
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    wimpy77 Member

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    dont think the dow will go back down to the march lows but i think its a correction is happening and its gonna be bigger than the 10% some "experts" said would happen. and i agree with ed if you spend your day looking at the gyrations of the market and get all in a tizzy you need some prozac. but today's markets moving down was apparently because the world bank downgraded their projections for the year. a 2.9% contraction this year. another negative gdp number in the 2nd quarter, but growth starting by the end of the year. its just gonna be slow.
     
    Last edited: Jun 22, 2009
  6. Toro
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    Toro Diamond Member

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    After getting a bit short last week, I got aggressively short today around noon. The market is rolling over.
     
  7. wimpy77
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    wimpy77 Member

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    looks like alot of people got short today. do you think some of it is the fed's announcement on wednesday toro or do you think that the party is over and we'll go back to 6500?
     

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