MARKET BLOODBATH GETTING WORSE: Earnings Coming In Ugly

TBI ^ | 10-23-2012 | Joe Weisenthal

[blam]

Bloodbath?

Don't think so...at least not yet.

We'll see.

[blam]

[TheRhinelander]

Met with my financial adviser last night. My accounts are up 19+% for the year.

So all you people that pulled out in fear, HAHAHAHA! Losers!

I’ll still be in for the Romney rally in November.

[txrefugee]

Smart investors sold before the quarterly reports from business came in, and a dismal lot they are. This market is based on nothing but Bernanke’s funny money, and the wise investor should get out before the stock bubble bursts.

[Red Badger]

Then there's also the fact that there are hints that Bernanke won't stand for re-appointment in 2014.

That alone should send the markets thru the roof.......in a sane world........

[concerned about politics]

[John W]

Down 155 at the open.

[Sir Napsalot]

(MSNBC headline) More proof that Corporate fat cats want Obama to fail or something.

[The Sons of Liberty]

MARKET BLOODBATH GETTING WORSE: Earnings Coming In Ugly

No Bloodbath .... yet. But

If 0bama steals the election, hang on.

[Sir Napsalot]

Wall Street (Investors) usually rally around if Romney (Republicans) showed sign(s) of winning.

No?

[blam]

The DJIA is down 166 as I post.

[GeronL]

It looks like a lot of companies are holding back layoff announcements until after the election

[blam]

Green Shoots

[blam]

DJIA, minus 187

[John W]

Not DuPont.

[concerned about politics]

It looks like a lot of companies are holding back layoff announcements until after the election

It's the uncertainty. The election is still too close to call.
If Oboma wins, massive layoffs will hit us immediately, because of obomacare and taxmageddon. If Romney wins, expect a small level of hiring that gets better over time.
Right now, people are waiting to find out if they're going to have to go Galt or not. They're not going to keep busting their humps every day just so the democrat base can leech away everything they've ever worked for. It isn't worth it.

[Gasshog]

Big gap. sweet. Out and ready to buy the bottom let it drop.

[GonzoGOP]

DJIA 13160.62 -185.27‎ (-1.39%‎)
Oct 23 9:46am ET

We are now in the 9:30 Eastern short covering plateau. Watch around 10:00 Eastern. If it stays level or goes up then no bloodbath. If it heads down again after the short positions have been covered then you can start talking about a bloodbath.

[concerned about politics]

Still going down....

[Gasshog]

200 ema look for support.