Skip to comments.Dow futures -120
Posted on 10/23/2012 5:02:12 AM PDT by ExxonPatrolUs
How low can it go? I bet we see a dow dip below 13000 today. Obama built this on his own.
Yes he did. Earnings announcements including Dupont this morning aren’t helping.
DuPont to cut 1,500 jobs after 3Q profit slide
Also this morning-—
United Technologies lowered its full-year sales outlook, citing a slow recovery in the commercial aerospace aftermarket and continued uncertainty in the global economy, after beating third-quarter earnings targets but missing on the top line.
People wondering if Romney is serious about “going after” China. Do you guys have any thoughts about that? Would he do it? Much of his economic team were Bush II staff, who weighed the pros and cons and didn’t do very much.
What I truly do not understand is, how do we analyze the true market. This market is insanely disconnected from everyday America with QE infinity et al. The global economy is sliding off the planet and the “uncle sugar effect” is an illusion. How can the Democrat party say they are anti- corporation with this mentality. We are in serious trouble for 2013, a truly wicked but brilliant strategy for the Dems. No leader in the world can truly save us from this set up. They have wanted to lose, the million dollar question is why? .... and why sacrifice would the EU sacrifice itself?
If China is still cheating today with its currency and with stolen intellectual property (like we are told) the next president could battle it with tariffs - without the approval of congress or the WTO. But he better be sure about it, because tariffs are the opposite of free trade and hurt the poor most with high prices on all shores. Consider the extremes the Obama administration is manipulating our currency, and have you ever heard about the intellectual property of China being protected.
I moved all my stuff into each fund’s Money Market accounts to preserve principle whe n it was around 12,900. Been up, down, then up again since, but won’t consider moving it into the actual market until it stops being buoyed by all the QEs and fake money.
If those money market accounts are not FDIC insured, I recommend rolling over to a Charles Schwab IRA - they have an FDIC insured bank for their money market. Got worried after that MF global incident.