Skip to comments.Market is Starting to Scare Me
Posted on 01/24/2014 10:21:21 AM PST by STJPII
Not sure if this is an adjustment or disaster. We need to stop the hemorrhaging by Monday.
(Excerpt) Read more at marketwatch.com ...
Market is starting to interest me. I’m looking for a 20% correction on which to buy.
Smoke and mirrors are clearing a bit?
Don’t worry... Barack Inane Obama, all-knowing and brilliant economic genius is in charge. What could go wrong? He’ll just state that anyone selling stocks is a racist and the bleeding will stop... problem solved.
If you follow “the Super Bowl indicator” we are in for more downside.
That is because 2 original AFL teams are playing and therefore the AFL must win.
Yes it is a stupid indicator but it has a following and has almost become a self fulfilling prophecy.
Stocks go up, then they go down. Remember, the market was under 15K just 5 month’s ago.
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The market’s a roller coaster ride. What’s really scary is the size of monstrous federal government that creates monstrous poverty. And many of the market’s ills and fluctuations of late are caused by government. Kill the government beast and the free markets will reach new heights of creating wealth.
Lemmings near the cliff?
So I can afford to buy on Monday.
Even with the Fed saying they’re gonna still keep pumping $75Billion per month into T-Bills and stock market MBSs, you guys are getting fidgety?
They been pumping $85B per month there for almost 5 years! QE I, II ad nauseum... QE forever!!!!
What’s wrong....you guys weren’t nervous the last 5 year at Obama spending money he really don’t have? He never did....
If I had any money there, I’d sell it out. The man behind the curtain is about to be exposed.
I guess I picked a bad day to stop sniffing glue...
The Seattle Seahawks aren’t old enough to have ever been an AFL team.The Seahawks joined the NFL in 1976 as an expansion team along with the Tampa Bay Buccaneers.
How long ago did the market actually reflect wealth creation?
Janet Yellen in charge now
welcome to the party, pal!
Luckily I never trusted the Wall Street Ponzi scheme since 2008
Somebody found a way to hack Bitcoins?
I’m really just amazed that they have the skills to keep it afloat for so long. Amazing!
Buy the exchange traded fund SQQQ. It is up 4% so far today. It specializes in short selling.
It might be time to buy. Gubmnt is still pumping.
“Somebody found a way to hack Bitcoins?”
I’m waiting for bo to fill out a ‘perfect’ bracket and win Buffet’s Billion.
"Sell, Mortimer, sell!"
My bet is they’ll (CNBC, Bloomberg, FBC) blame it on the ‘fat finger’ again. Business as usual come Monday.
The DOW has been existing as a prostitute for some time (no visible signs of support). I am hoping for a 40% correction.
I got out yesterday.
Let it correct.
That wasn’t a correction, that was gas.
A correction would put the market where it should be, < 10K
Ok, maybe a good point.
Seattle originally went to the AFC and Tampa went to the NFC.
So I am not sure if Seattle counts as a AFL team or not.
“Do Not Be Afraid”, John Paul II.
Savvy analyst on CNBC noted back in December that Tax strategists were advising their clients to NOT sell and take profits before the end of 2012, but rather......to wait until after the turn of the year and take profits in 2013. That’s what they’re doing..........taking profits off the table.
Then, they’ll buy back in to different sectors; its profit taking followed by sector rotation.
There’s a cool way to play this. Each sell-off day, check to find the stocks that didn’t dive, or actually went up! Then check that list with a list of companies reporting higher earnings. Finally, compare the list that’s left to stocks trading at a forward PE multiple less than 16X and which pay a dividend in excess of 1.5% Those are the companies the big boys will be or are, rotating into.
the market is only where it is because of outrageous, unprecedented and dangerous government debt monetization and Federal Reserve artificially building the balance sheets of its member banks.
The Federal Reserve is the foundation upon which the Democrats and Progressive government is built. Its printed, borrowed and devalued money that allows the government to fund the nanny state, co-opt business to political purposes with crony-capitalism, and in turn, support the social changes that are forcing conservatives into an ever-tighter box.
I personally hope the whole thing collapses. Want to see Andrew Cuomo, Chuck Schumer lose? a 2 year collapse on Wall Street and they will be the first to howl.
Sorry - do I sound like a radical?
Buy low sell high.
Buy what has been destroyed, that everybody hates, and that everybody who could sell has already sold, so there is nobody else to sell, except for those who have already sold it short; what is trading at all time lows, that every bit of bad news and expected bad news is already in the price.
Sell what has been going up like crazy for years, every bit of current and expected good news is already included in the price, and people have already gone all in and have already bought on margin (with money they don’t have).
In other words, sell what you have in the stock market and buy the gold miners. Then forget it for a couple of years.
“I guess I picked a bad day to stop sniffing glue”
It’s also the wrong week to quit drinking......
I love how everyone’s panicking because the market dipped below 16,000 today, when it was sitting at 6,500 just five short years ago.
This correction will pass, and the Dow will hit 18,000 by the middle of next year. Just my amateur prediction...
With his *brilliance*, I wouldn’t be surprised if he DID win.
Don’t laugh......I own $GLUU
Don’t pay any attention to that man behind the curtain!
TPTB are just skimming some off of the top.
“Buy the exchange traded fund SQQQ. It is up 4% so far today. It specializes in short selling.”
Wow......Didn’t know they had an ETF to short.
He's not euphoric yet though he thinks the folks at the World Economic Forum are but the good times might finally be about to arrive.
Dow Jones Industrial Average
Dow Jones Indices: .DJI - Jan 24 1:51 PM ET
Microsoft is up nicely today, and it also pays a 3% dividend.
That is a pretty rapid drop...
Bump for Later, if it’s not TEOTWAWKI
When the Chinese bank opens back up the market will zoom again. As long as the Fed keeps re-arranging the deck chairs the Titanic will continue to float.
Me too. I'm watching the folks on CNBC trying to calm people down. They keep talking about the strong fundamentals of the American economy. My own eyes see things a bit differently.
Procter and Gamble wants 30 bucks for a box of Tide at BJ's or Costco. Take a look at their earnings report - Americans are refusing to pay it. Sales in "developed countries" are down. People just don't have the money. FOr some reason P&G is up today.
You really didn’t think 16 and change was for real, did you?
“Theres a cool way to play this. Each sell-off day, check to find the stocks that didnt dive, or actually went up! Then check that list with a list of companies reporting higher earnings. Finally, compare the list thats left to stocks trading at a forward PE multiple less than 16X and which pay a dividend in excess of 1.5% Those are the companies the big boys will be or are, rotating into.”
Sweet thinking on the above! I have a diverse portfolio. Hard to rotate out of some sectors.
Quick someone pass some gun control....or...or a special econo-nomic zone....or....or just GIVE them alaska....revolution in mexico?........someone HAS to do SOMETHING.....quick.....oh the humanity.