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 ...
"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)
The S may be about to hit the F at the stock market.
Only Romney’s election might stave it off.
It probably is the fastest growing if not the biggest.
If everybody is getting out, WHO IS BUYING?
Time for the Fed to pump more juice into the stock market....which is just as phony as every part of this corrupt government.
DJIA, down 99.0 as I post
“If everybody is getting out, WHO IS BUYING?”
Those with BALLS and COURAGE, NOT a bunch of SPINELESS LOSERS!!!;)
China Slowdown Leads To 1,500 Job Losses At US (Cummins) Engine Company — Stock Tanking
” “If everybody is getting out, WHO IS BUYING?”
Those with BALLS and COURAGE, NOT a bunch of SPINELESS LOSERS!!!;)
Like me....
: )
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……………
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.
That pretty much sums it up.
And the High Frequency Trading programs.
The Federal reserve said pumping the stock market was one of the few options they had left.
QEIII is already under way. $40 billion per month all the way to 2015. God help the US$....
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.
“If everybody is getting out, WHO IS BUYING?”
My experience is Mom and Pops who will take it in the shorts.
Every trade has two elements, a seller and a buyer.
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