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The Market Sell-Off Is Accelerating
TBI ^ | 10-10-2012 | Sam Ro

Posted on 10/10/2012 9:58:26 AM PDT by blam

The Market Sell-Off Is Accelerating

Sam Ro
October 10, 2012

The stock market sell-off is gaining steam.

Last night, aluminum giant Alcoa and engine maker Cummins warned China was slowing more than expected.

China's the second largest economy in the world and arguably the world's most important source of growth.

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: djia; economy; markets; recession
A market sell-off?
I'm not sure.

"China's the second largest economy in the world and arguably the world's most important source of growth. "

Just yesterday we were reminded that the European Union is the largest economy in the world...that would make the USA #2 and China a distant #3 (about 3-4 times smaller than the US)

1 posted on 10/10/2012 9:58:33 AM PDT by blam
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To: blam

The S may be about to hit the F at the stock market.

Only Romney’s election might stave it off.


2 posted on 10/10/2012 10:01:16 AM PDT by Venturer
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To: blam

It probably is the fastest growing if not the biggest.


3 posted on 10/10/2012 10:01:21 AM PDT by arrogantsob (The Disaster MUST Go. Sarah herself supports Romney.)
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To: blam

If everybody is getting out, WHO IS BUYING?


4 posted on 10/10/2012 10:01:25 AM PDT by alloysteel ("You have attributed conditions to villainy that simply result from stupidity".)
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To: blam

Time for the Fed to pump more juice into the stock market....which is just as phony as every part of this corrupt government.


5 posted on 10/10/2012 10:01:32 AM PDT by txrefugee
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To: blam

DJIA, down 99.0 as I post

6 posted on 10/10/2012 10:02:22 AM PDT by blam
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To: blam

7 posted on 10/10/2012 10:03:45 AM PDT by blam
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To: alloysteel

“If everybody is getting out, WHO IS BUYING?”

Those with BALLS and COURAGE, NOT a bunch of SPINELESS LOSERS!!!;)


8 posted on 10/10/2012 10:07:56 AM PDT by Frank_2001
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To: blam
Posted yesterday:

China Slowdown Leads To 1,500 Job Losses At US (Cummins) Engine Company — Stock Tanking

9 posted on 10/10/2012 10:08:53 AM PDT by blam
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To: Frank_2001; blam

” “If everybody is getting out, WHO IS BUYING?”

Those with BALLS and COURAGE, NOT a bunch of SPINELESS LOSERS!!!;)

Like me....

: )


10 posted on 10/10/2012 10:10:49 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: blam

Week 1 Pump: Somewhere someone meets on Greece and/or Spain, the media reports there is optimism that a deal is near. The stock market rises and the media praises the glorious recovery Obama has brought us.

Week 2 Dump: Somewhere someone meets on Greece and/or Spain, the media reports there is pessimism that any deal near. The stock market tanks and the media claims it is just an “unexpected” bump in the glorious recovery Obama has brought us.

Week 3 Pump: Somewhere someone meets on Greece and/or Spain, the media reports there is optimism that a deal is near. The stock market rises and the media praises the glorious recovery Obama has brought us.

Week 4 Dump: Somewhere someone meets on Greece and/or Spain, the media reports there is pessimism that any deal is near. The stock market tanks and the media claims it is just an “unexpected” bump in the glorious recovery Obama has brought us.

Rinse, lather, repeat……………


11 posted on 10/10/2012 10:12:14 AM PDT by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
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To: blam
A correction at worse, if something goes particularly well tomorrow night, I could see a bounce back on Friday.
12 posted on 10/10/2012 10:12:48 AM PDT by The Cajun (Sarah Palin, Mark Levin......Nuff said.)
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To: stephenjohnbanker

Hang onto your cash for a bit. There is momentum in both directions. When the market starts to go down, it may go down for a while.

It is wise to set price targets at which you will buy specific stocks. Don’t say it might get even cheaper when it hits your target, buy it. Don’t be greedy.

I am ready to buy INTC below 21, VOD below 26.5, OXY below 80.


13 posted on 10/10/2012 10:15:09 AM PDT by proxy_user
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To: qam1

That pretty much sums it up.


14 posted on 10/10/2012 10:15:16 AM PDT by PMAS (All that is necessary for the triumph of evil is that good men do nothing)
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To: Frank_2001
Those with BALLS and COURAGE, NOT a bunch of SPINELESS LOSERS!!!;)

And the High Frequency Trading programs.

15 posted on 10/10/2012 10:17:45 AM PDT by pegleg (Lies will seek you out, but the truth must be sought.)
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To: blam

The Federal reserve said pumping the stock market was one of the few options they had left.


16 posted on 10/10/2012 10:18:58 AM PDT by listenhillary (Courts, law enforcement, roads and national defense should be the extent of government)
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To: txrefugee
Time for the Fed to pump more juice into the stock market....which is just as phony as every part of this corrupt government.

QEIII is already under way. $40 billion per month all the way to 2015. God help the US$....

17 posted on 10/10/2012 10:21:14 AM PDT by kevao (Is your ocean any lower than it was four years ago?)
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To: blam

The truth is that stocks are only a little more risky now than bonds. There was GM, after all. I have a note with a company that is three years late in being paid back to me. Yes, 12% interest/year is great, but not if the fact is that they are three years late paying the note. Gold? LOL! The only real investment now is short-term: the stuff you’ll need in a new depression/collapse of the cities.


18 posted on 10/10/2012 10:29:54 AM PDT by pabianice (washington, dc ..)
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To: Frank_2001

“If everybody is getting out, WHO IS BUYING?”


My experience is Mom and Pops who will take it in the shorts.


19 posted on 10/10/2012 10:35:13 AM PDT by The Working Man
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To: Frank_2001

Every trade has two elements, a seller and a buyer.


20 posted on 10/10/2012 10:45:32 AM PDT by Lurkina.n.Learnin (Ignorance is bliss- I'm stoked)
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To: blam

IMHO, it is still “risk off” time. We are near the high side of the market range of the last 24 months. Uncertainty is high (election, fiscal cliff, taxmageddon, middle east terrorism, oil, food prices etc. etc. etc.). “Risk on” may be 500 points lower that we are or so. Depends on what happens in 4 weeks.


21 posted on 10/10/2012 10:51:53 AM PDT by jdsteel (Give me freedom, not more government.)
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To: blam

Everyone with a brain is aware that politicians of either stripe are kicking the can down the road. To stay in power as long as they can.

The end game is coming. Can’t say when, but there will come a day when kick the can no longer works.


22 posted on 10/10/2012 11:02:32 AM PDT by jsh3180
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To: jdsteel

I bailed on the first trading day of 2012 (401k stocks). Every economic indicator in the news pointed to a slowing economy even back then. But the markets have rallied like I’ve never seen them before for the past nine months. Go figure.

Lesson learned. The markets have absolutely nothing to do with the economy.


23 posted on 10/10/2012 11:05:42 AM PDT by CodeJockey (Barack 0bamacide... Destroys economies on on contact!)
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To: proxy_user
I am ready to buy INTC below 21

Me too ... AA breaks 8 I'm all over that too ...

24 posted on 10/10/2012 11:16:47 AM PDT by dartuser ("If you are ... what you were ... then you're not.")
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To: blam; Cringing Negativism Network
Alcoa and Cummins: based in America and counted as American manufacturing. Aren't we proud?


25 posted on 10/10/2012 11:17:46 AM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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To: blam
Oh, from the word from China, "Last night, aluminum giant Alcoa and engine maker Cummins warned China was slowing more than expected."


26 posted on 10/10/2012 11:19:35 AM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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