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 ...
Here in CA, the voters passed a massive tax the rich increase, and 2/3 Dem majority in both houses so Prop 13 is likely toast. CA leads the nation.
This decline and many future declines are in our future.
Everyone I know is hunkering down, postponing spending decisions.
Deflation is a real possibility and few realize that deflation has its own multiplier effect. So a 1% contraction today means a 2% next year.
The market was reflecting optimism of having fiscal savvy executives.
Most wall street investors are 401k and pension holders.
Money going Galt.
An Obamatron on facebook yesterday said the market drop had nothing to do with Hussein’s re-election. He said it was about Europe and Greece. If it continues, he and all the others will drop back to their “Bush’s fault” position.
You can fool people but you can’t fool money.
Obviously the market is tanking on Obama's re-election. The first issue to be dealt with as a result of that is the tax hikes about to happen along with sequestration (the "fiscal cliff). After that will be other hurdles which I mentioned in my previous post.
Today, I saw a MarketWatch.com article, cleaning up after the mess, "Why Obama is Not Responsible for Yesterday's Sharp Sell-off"
It's clear to me how the propaganda and group-think worked in Hitler's Germany.
one thing for certain....when Barry goes to that great SDS Meeting in the sky his tombstone is gonna read, “NOT MY FAULT!”
Under the theory that “perception is reality” in politics, the media cannot point to the re-election of 0bama as the reason for the DJIA drop. The “fiscal cliff only” narrative serves two purposes. First, it deflects negative karma from dear leader. Second, it sets up the attack on the GOP House.
The media have have mastered the tools of mass psychological manipulation. They got away with blatant bias and suceeded in keeping 0bama in power when he should have been defeated. They now recognize no restraint on their advancement of communism and stamping out all vestiges of conservatism, liberty, morality or faith. Make no mistake, they will do all they can to take down the House.
But don’t worry. We’ve got Boner. /s/
Nothing strange about that at all.
Wall Street has done better under Obama than under any other first-term president in decades.
The Fed shovels cash to the banksters, the banskters use it to bubble the stock market, take their profits, and laugh at people who do real work for a living.
If the GOP was smart (yea, right!) they would simply state that they will vote ‘present’ & let the Dems do what they will. But at every stage of the collapse of our economy, they should point out: “This is what the Democrats have done.”
And keep on repeating it at every opportunity.
Yes, they are using the "fiscal cliff" meme as a replacement for Obama's re-election.
That being said, the tax cut extension and sequestration are a first order of business and have a great impact on the economy. The markets will move over the next while according to how the negotiations proceed.
BTW...the name is "Boehner". He walked away from Obama when he proposed tax hikes last time and may very well do so again.
So very true. Yet libs keep hyping stats about the stock market without actually understanding what it actually reflects.
“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. “
I’m having a hard time telling — is that an infantile comment, or is it simply puerile?
Shortly after he advised a machine gun as a defensive investment.
Getting rid of Zero early would require a major change in the Senate probably both in personnel and attitude.
I believe that elections DO far less than they REVEAL. What the 2012 election REVEALED is that 51% of the voting public has no idea how free markets or the real world works.
They think we live in some land of make believe where the good times never end, money just "appears" on your card every month, all lifestyles are morally equal, there is no such thing as a "bad" choice, the ends justify the means, etc....
The only thing that is going to change anything is for them to be given a lesson on where their ideology ultimately leads.
The only way to do that is to hand them the keys and let them drive......and buckle your seat belt ;)
DJIA closed, off 121.41 today.
Yes, due to scandals/corruption.
Down 121 Today