Posted on 02/27/2011 2:44:48 AM PST by EBH
On Wall Street they wonder: Was that it? Is the pullback over?
Following the S&P 500's worst week in 15, investors are trying to determine whether the predictions of a correction have been fulfilled or if there's still downside ahead as oil prices remain at elevated levels.
Along with the direction of oil, potential market movers for traders will be the February payrolls report, which will be released on Friday, and Federal Reserve Chairman Ben Bernanke's speech on Tuesday.
...We were looking for a pullback of at least 5 percent and we didn't get it,
...since tensions remain high in the Middle East, I don't expect to see aggressive buying on the dip
...lighter volume, which could leave the market more susceptible to increased volatility
..."Those who are adept at handling risk should look to short the market in one form or another."
...On Monday, new restrictions on short selling with go into effect. Under the new rules, the circuit breaker will kick in with a 10 percent price decline from the previous day's close and will last for the duration of the trading day, as well as the following day.
(Excerpt) Read more at news.yahoo.com ...
So the falling market will be stalled from falls of greater than 10% for 48 hours. Hmmm...manipulation, lots of government manipulation behind closed doors in those 48 hours.
Well, as the Middle East continues to burn and 0bama does little to protect our interests in the region, by the end of March lots of stuff won't matter anymore.
A 3 day stop? If the times were different I might agree with you, but from my viewpoint a 3 day stop has “manipulation” written all over it.
Nothing appears to be what it is.
Drop not stop, the fact is, oil is a big pipe of supply moving toward market, a drop in demand caused by higher prices bulges the pipe line, does not make less supply. Actually causes more movement cost because tankers cannot off load. And as to stock price, people that trade daily are fools, not investors.
What is the definition of a “pullback”? The losses this week appear to be negligible compared to the Fall of 2008. So, I assume “pullback” just means things quit rising no matter the magnitude of the fall? Or, these folks are just writing and saying things to make themselves and sucker investors feel better?
Or, these folks are just writing and saying things to make themselves and sucker investors feel better?
I think you get it. The article is totally contradictory to reality...or seems that way to me.
oops...sorry ...
read it like 3 times and still didn’t comprehend “drop”...
need more coffee this morning.
Wall St. They lie about anything they want to lie about. Soon as they have pulled in all of the turkeys and all their moola down comes the axe.
Yup. Something like that.
Many haven't learned their lesson yet.
Amen brother.
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