One word:
Kamikaze
I’ll say Titanic.
Down 75.36
Yesterday made little sense. There isn’t much sense to the markets on a day-to-day basis. Overall, outlook is still grim. Trying to predict what it’s going to do each day is good for sport, but not much else.
Short-sell !
2.6% loss
Tank. Plunge. Crash. Slump. Slide. Ooze.
Profit-taking. Closes down 200+.
Shorts!
That speech sure got me all fired up about the market today. I especially liked it when he said, (hope I’m quoting correctly here)...”Blah blah blah blah, yada yada yada.” Truly inspiring.
at this moment futures are down a small amount. i look for a flat dat with little up or down.
It’s going to CHANGE
Bernake's "positive" remarks that we will start a recovery next year (2010) helped the Dow rebound. I don't believe it, but it was a refreshing change from 0bama's "doom and gloom".
Dive! Dive! Enemy destroyer sighted in Washington! Take er deep and rig for depth charge attack!
While I am not an investor or financial planner, to borrow a line from Glenn Beck, I am a thinker. I think that what happened yesterday was a bear market rally that will probably not continue for long. Investors are so thirsty, yesterday they drank the Bernanke sand. I think they are going to wake up over the next day or two and realize they are still very thirsty and there is no water in the stock market. Gold pulled back to take advantage of profit taking, and many from what I understand, are actually pulling out of gold trading, and going to actual physical gold purchasing, as they realize that this is a bubble, and there is not enough gold on the gold trading markets, much the same situation as the FDIC is in if they had to cover all the deposits in this country if they were called to do. The actual overleveraging in the markets must correct, and it must correct fully. Correction delayed is correction denied, and the markets just won’t have it. IMO.....
Dead Cat bounce for 0 yesterday (Soros buying) now has 2 mean pit bulls in the corner -— and the dogs haven’t eaten in 2 weeks?
Up today as they look for a leader and down in the future when they realize where he’s going. The speech didn’t address any of the root problems.
Pray for America
Another question is “Where did all the money come from for the original NINJA and Liar Loan mortgages that were issued by all the storefront mortgage brokers that appeared in the last decades?”
dow futures down 22
idiot obama is pushing business overseas.
idiot obama is promoting tax shelters overseas.
remember the 1991 luxury tax.
TIME FOR PUSHBACK!