Skip to comments.OH NO: The Stock Market Is Tumbling Again, And It's Right On The Infamous 200-Day Moving Average
Posted on 11/08/2012 10:54:18 AM PST by blam
OH NO: The Stock Market Is Tumbling Again, And It's Right On The Infamous 200-Day Moving Average
November 8, 2012
Alert! The stock market is falling.
And the S&P is now right on its 200-day moving average (the red line in this chart) which some people see as an important "support" level.
If we break through it, some people might freak out.
(Excerpt) Read more at businessinsider.com ...
The DJIA is down 66 as I post.
It is not a terrorist attack nor is the re election of the one
Should be no surprise to any Freeper.
Marc Faber, who has an excellent market forecasting record is predicting the S & P 500 will drop by 50% due to the re-election of the commie pretender in chief. Video can be found at Bloomberg.com.
Daily news on the negotiations will drive levels.
After some kind of deal happens we still have Obamacare implementation and all kinds of goodies like potential new EPA regs to drive the market down.
Baghdad Bob told me it has nothing to do with Odopeo or his policies.
Yup. I Posted that yesterday.
The fiscal cliff reason for market drop is the media’s narrative. The real reason the market is tanking is the re-election of 0bama. Business knows its screwed for four years. The media whores want people to think it’s the fiscal cliff to get the GOP House to cave to 0bama, Reid & Pelosi’s demands to significantly hike taxes while doing NOTHING about spending.
The media already has the two narratives ready to go:
“GOP House refuses to compromise; pushes America over fiscal cliff.”
“GOP House passes massive tax increases; middle class crushed.”
The “fiscal cliff” narrative on the stock market is meant to drive the next one about blaming the House for whichever disaster we get. It’s all part of the strategy of finishing the job in 2014 by turning the House democrat.
Quick - blame George Bush!
(reading Obama’s mind)
Did either of you here him say he didn’t think Zero will probably not make it through the full 4 years? Right towards the end of the segment.
Strange - Wall Street backed liberal Democrats and their guys won....
I agree - that’s what they will try. And I would agree about the pessimism, or gloom, in the business community.
Billy Ray Valentine: they're thinking, "Hey, we're losing all our damn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip! And my wife ain't gonna f... my wife ain't gonna make love to me if I got no money!" So they're panicking right now, they're screaming "SELL! SELL!" 'cos they don't wanna lose all their money, right? They're panicking out there right now, I can feel it.
Yep, I got out of the market over a year ago.
I’ve heard that most wall street investors are rich liberals. Let them eat Barack Obama cake.
Aside from the Santa Claus crowd, eight of the ten wealthiest counties in the nation voted for Zero.
They made their bed.
They took a leak in it.
Now they get to sleep in it.