Skip to comments.Pre-Markets ( I don't think this looks good)
Posted on 08/07/2011 6:32:02 PM PDT by Beckett08
(Excerpt) Read more at cnbc.com ...
This nothing. Wait ‘til Tuesday gets here.
Don’t sweat it. It’ll sell off at first, but I think it will be back to par by 2 pm.
For some reason I think Tuesday will be worse too...
Nah Wednesday will be the bad day
There’s been a Black Monday, a Black Tuesday, a Black Thursday and a Black Friday and sometimes more than one.
But there’s never ever been a Black Wednesday, so we are due
I didn’t expect much more than a 9000 level with a Democrat in the white house, so even if it drops to 7000 it ain’t a complete surprise here. QE1, QE2 were just an artificial prop anyhow. I think the surprise is the bond holders that thought they had a safe investment, and trying to sell off downgraded bonds over the week-end isn’t easy, and come morning there could be a lot of cash coming out of bonds.
I’m not worried, as I’m fully diversified.
I own gold *and* silver.
11444.61 11187.0 -215.00 11392.61 11187.0 -205.61
Down 200+ looks promising.
Prolly talking about what I call a “check-mark” type of market day, dip (possibly BIG dip) then rally but there is no good way to know whether the tail will bring it up past where it closed Friday (eg; whether we’ll end green on the day as we did Friday) This is not for the faint of heart. Or if you’re one of those extremists who like to preserve your money, that would be another strike against current market conditions.
They'll take the futures traders money and let the market fall on Tuesday
So you must be a gazillianair.
Gold up 1.8% and climbing. http://www.kitco.com/charts/livegold.html
I think you might be right. Australia, NZ and the NIKKEI are down, but it’s actually not that bad so far. The initial sell-off was not good, but not Armageddon and it’s recovering fast.
M’thinks that US stock market will follow this trend. A steep sell-off, with an uptick by 2PM. Down by 1-1.5% at the closing bell.
I know that sounds bad, but we’ve weathered much worse.
That is sooooo funny.
Same logic as picking the horse with a name that relates to you.
Hey, I picked BigBadBill at the track last night and won $28.60. It worked.
Why are they called "Black"? I thought "Black" meant operating at a profit? Shouldn't days of big losses on the stock market be "Red" days?
Naw, I don't really expect an answer. It just seems like odd terminology to me.
Most Asian markets dropped ranging from 1-3% at open, and have been stable since.
Black is much more ominous, as in dark days...
The “risk currencies” like the Aussie Dollar are rebounding tonight as well. This is a positive sign for the equity markets.
There is a limit to how far things will fall, there is too much strength still in the US economy. Of course I still believe in the Easter Bunny.
Gold is at $1697 up over $30
I went to my local coin dealer yesterday and he told me people were lined up outside his door when he got there in the morning.
He had a lot of stuff when I went there last week but he sold out and all he had left by the time I got there was a old scratched up Ag Eagle.
Don’t worry about a thing, They are gonna Print enough Money to make everybody a Millionaire.
Black was at one time a symbol of death- thus, the Grim Reaper wears black, and people wear black at funerals.
Indeed. The markets could drop 2000 points on Wednesday, but the media would not call it Black Weds. They’d just run an article on Michelle Bachmann and call it Tea Party Weds.
It's now only -184 instead of -277 it was earlier so Yeah it is working!!! Until Wednesday.....
There is a limit to how far things will fall, ....yes as a matter of fact there is....about 10%.
why are posting such a panic ridden title.
the updated mini dow is lokking better .
No problem. The G7 is going to prop your currency high, until there’s no manufacturing job left in the whole USA.
They are gonna Print enough Money .....
That’s what Greenspan said today concerning US....”we can always Print Money”
..he blames the market jitters on Europe’s issues with Italy, not the USA. But looks like Europe’s going to bail them out ...even though Greenspan said it wouldn’t be possible.
The PPT has been “fixing” the market for quite some time now...(IMHO)
Most of the volume is created by the banks...Mom and Pop are not taking any chances..they’ve been burned enough already...
CNBC guest just said it is a time to buy quality companies and the 30 year bond is less appealing, confirming to me that 9000 level is about right and the 30 year bond isn’t so appealing. I’m still of the opinion bond selling may be the highlight of the day. I’d bet Geithner don’t stay, their(Democrats and Media) are all just playing games on the Republicans to make them look bad and distract from the real problem, fundamentally ill economic budgeting, over-regulation, and their tax increase plan.
Good luck all yo silly people that continue to invest! We have reached our limit....
My bet is the Dow will be down 600 points by noon Monday with no bottom in sight.
The only fools who would believe the liar in chief are the leftist commie-libs.....and he already OWNS THEIR souls, so no assurance needed for THEM.
Really not as bad as I expected. Gold will hit $1700 in the next couple of hours though.
Bad... Don’t need to read any further. Really, come on folks, do you really believe that any downgrade will have no effect? It is sure to scare the rest of the market if nothing else.
We are approaching Armageddon and both parties piddle... We have no Statesmen to save us...
I’m seriously thinking of calling my broker tomorrow morning and unloading EVERYTHING!
LOL. Earnings the last quarter were good.
Looks like you were right
wow you win.
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