Posted on 05/04/2010 1:42:00 PM PDT by blam
Yes, Something Is Definitely Stirring In This Market
Joe Weisenthal
May. 4, 2010, 4:33 PM
It's tempting to assume that the current market kerfuffle will end like every other one we've seen over the last year, but right now it feels like something is rumbling.
Here's the VIX really picking up.
Image: StockCharts.com
Here's a little more from Bespoke:
The S&P 500 is currently trading down sharply on the day at -2% or so. If the index closes down more than 1% today, it will have been up more than 1%, down more than 1%, up more than 1%, and down more than 1% over the last four trading days. As shown below, this would be only the fourth such occurrence over the last 50 years.
[snip]
(Excerpt) Read more at businessinsider.com ...
The MSM told me the recession is over. Happy days are here again. Go out and BUY, BUY, BUY!!!
Tax rates on stock investments you pull out of go up significantly in 2011 (I think), so maybe there that issue?
LOS ANGELES (MarketWatch) -- Stocks in Latin America tumbled Tuesday as part of a global sell-off in equities on worries that a bailout package for debt-strapped Greece may not be enough to prevent contagion to Europe and other economies worldwide.
Indexes in Brazil, Mexico and Argentina each fell more than 2% in the wake of a slide in European markets and alongside a drop in U.S. stocks on concerns that Greece may still have to restructure its debt even after receiving a 110 billion-euro ($146 billion) financial-aid package from its partners in the euro-zone and the International Monetary Fund.
[SNIP]
There’s a lot in the news...Europe teeters, Iran has war games in the Gulf, a massive spill in the Gulf of Mexico and bombs seem to be popping up (if not off, yet) all over America.
The MSM told me the recession is over. Happy days are here again. Go out and BUY, BUY, BUY!!!
**************
They say this about every six weeks. Eventually it may be true.
Parallels Between Stocks And The Titanic
At times when no one wants to hear about panic, it behooves us all to remember the Titanic.
'Shut up, shut up, I am busy; I am working,' was the Titanic radio operator's response to an iceberg warning received at 11:00 pm.
It was just about an hour later, around midnight on April 15th, 1912, when the Titanic was punctured several times by an iceberg. The unsinkable did the unthinkable and sunk.
Even though the Titanic's crew was aware of iceberg-laden waters, the ship was heading full-steam for a destination it would never reach. Making good time, fame and fortune were more important than safety.
Iceberg-infested waters
Today, investors find themselves in an environment that is infested with symbolic icebergs. The few remaining bears and independent thinkers are now told: 'Shut up, shut up, I am busy making money.'
Unbelievable as it was, most of the 2,223 passengers and crew on board the Titanic never got a chance to get off the boat.
Many invested in stocks (NYSEArca: VTI - News) today, may not get a chance to get out in time. This sounds impossible now, but a look at the human psyche shows that exactly is the case. Let's examine how most investors dig their own grave.
Buy high - sell low
[snip]
Take what you can get and head for the hills. Obamanomics? Come on.
Luggage exploding at George Bush air port, didn’t help.
Can’t claim that was ‘thwarted’..
Being the government doesn’t want to do anything about border control, the most lucrative investment these days with the safest and highest rate of return would probably be with the a Mexican drug cartels.
Is that a sad state of affairs or what?
Goldman Sachs will survive and thrive.
If so historically it will have been the first to do so.
I heard a claim by Fox radio news that factory orders are up. Can this be verified by other than a gov’t report?
How can we have all this unemployment, demand for copper and electricty dropping like a rock and home repo rate continuing unabated and have factory orders up? Doesn’t pass the common sense test.
Means never having to say you're sorry
I was telling a friend that the market is starting to remind me of the fall of 2008 just a bit.
Kind of like the slight wobble you feel in the car's steering wheel the moment before all four tires blow out with the rims coming off the axles as you flip over and over into a big heaping pile of crash and burn.
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