Are Stocks About to Repeat Their Summer Horror Show?

CNBC ^ | 06/03/12 | Patti Domm

[TigerLikesRooster]

Are Stocks About to Repeat Their Summer Horror Show?

Published: Sunday, 3 Jun 2012 | 7:19 PM ET

By: Patti Domm

CNBC Executive News Editor

Like the third sequel to a summer horror movie, stocks are set up for another summer selloff amid fears that the U.S. economy will slide back into recession.

“In the last two summers, the final nail in the equities coffin, the thing that pushed it was a double dip scare. We do think the market is going to increase expectations of that in the coming week,” said Barry Knapp, head of U.S. equity portfolio strategy at Barclays.

/snip

That puts the focus in the week ahead squarely on the Fed, and a series of Fed speeches, the most important of which is testimony from Fed Chairman Ben Bernanke before the Joint Economic Committee Thursday.

[TigerLikesRooster]

OK. Loud chorus for QE3 is starting. No QE3 and we are all going to die! LOL.

[M-cubed]

without the PPT...stocks would have settled in the 8000-9000 range for the past 2 yrs....

The question is...can the PPT hold the line till Nov.?

[grobdriver]

So it's fear of a double-dip that causes behavior that leads us... into a double dip.

[Attention Surplus Disorder]

IMO, this situation has been pretty well broadcast, telegraphed in advance. I cannot understand why people would hold stocks into a synchronized global recession. Yes, they are very rare, but when they occur, you can be talking about a decade or more of lost growth, not to mention absolute losses. To close market watchers, the distribution that has been going on has been massive, yet with a sinister, stealthy characteristic that I have not liked since early May, when the mkt snapped back from April's dive but failed to make new highs. I felt like pounding my bro's head in with a ball peen hammer for staying in the market after the 30% runup the market had early in the year. Twas an absolute GIFT, and it was pretty clear to me that that was what the market was ready to give for 2012. No. Stay. In. Market. Always. Goes. Up. Traders. Always. Lose. Don't. Wanna. Pay. Taxes. Yeah, you won't be paying any taxes now. And you'll get to sing that song all the way down to a 4 digit DJIA.

[Seaplaner]

...amid fears that the U.S. economy will slide back into recession.

I sincerely doubt that we ever exited the first recession, (thank you very much, Mister Obama).

BTW, I just checked the DJ, and GM was down 5%! That government ownership of companies thingy always fails, but the lefties never stop believing.

.

[TigerLikesRooster]

P!

[RightOnTheBorder]

You have to believe that the Feds and the Press will be working overtime to float this lead balloon until november.

[rovenstinez]

And we thought FACEBOOK would save us.

[AngelesCrestHighway]

With the DOW dipping under its 200 day moving average on Friday...It could get very ugly very fast.

[AngelesCrestHighway]

The Facebook flop handed anyone who bought it a big meadow muffin...

[dennisw]

Facebook flopped because the market was flopping...Then Facebook helped the mkt. flop some more. Facebook dudes and their Wall Street backers are kicking themselves the IPO wasn’t done 60 days earlier

[ex-Texan]

Crooked profiteering Banksters are preparing another "bailout" or in other words another theft of taxpayer money to save their $$$$$ Million mega-bonuses. Blame that slimy troll Bernanke.

Steepest Global Slide Since Recession Pushes Rate Cuts !

In other word, here comes another landslide of free paper currency for Wall Street. Fed gets it printed and you pay for it again, again and again -- with interest as an additional, secret, undeclared tax on your savings

[ex-Texan]

Looky Looky here . . .

Investor Jim Rogers Gives Dire Warning

Bernanke is loonie tunes and a raving madman

[ex-Texan]

Thanks to M. Espinola for the link. Nice graph, ASD !

The old time "dump and pomp" is coming:

Marc Faber: '100% Chance' of Global Recession !

Billionaires world wide will dump their shares and buy into the market heavily after they have raped, pillaged and burned everything down.

That is a simple lesson that may be learned from history. It's what the Rothschilds did during the Napoleonic Wars. Pure profiteering. That sums up what is wrong with 401(k) programs and explains why the Bilderberg, Illuminati, CFR cabals bribed Congress to push stock BS buying programs rather than protecting workers pensions.

Rape, pillage and burn is the name of the game. When will people wake up and shout --

"Everything is a rigged game ! ?"

[ex-Texan]

Sailing Rough Seas with Stocks ____ ?

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