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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
click here to read article
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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.)
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
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!)
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.")
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")
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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