Posted on 01/17/2006 8:56:46 PM PST by steve86
Following sharp decline yesterday and poor reports and forecasts from Intel, Yahoo, and IBM (revenue miss). If it's any consolation, gold bullion is down to match.
The South Korean and Taiwanese markets are also down. And Yahoo! stock took a bath in after hours trading. I don't know if this means anything.
Time to buy gold. Gold! GOLD!!!
Gold has been behaving strangely for at least six months now.
It's the housing bubble! Ahhhhhhhhhhhh!!!!!
Let's just blame the Jews and move on to the next crisis.
To clarify, IBM beat on earnings but revenue was something like 1 billion light. Also, the relatively good service business is the only reason earnings were as good as they were. Hardware didn't contribute much. Kind of sound like GM/GM finance business?
Yikes. So was mine. Bummer
One of the weekend money dudes on AM radio said the markets were due for a mild correction.
Thank you one of the million saudi princes for your input on the matter.
Dow futures down 106. I don't doubt for a moment this may be "fixed" by morning.
So are we DOOMED?
Some think not. Gold held steady.
The bubble money is going back into oil.
Nas and Dow where heavily pumped up with a combination of the Nov rally and what happened the first trading week of January.
It was getting mighty frothy and oil started to go back up again. I sold the last of my Yahoo and apple shares last week. I figured earnings season was going to be a excuse to take profits into even positive news.
This can be a healthy thing for the markets when you have overbought conditions.
No, this is Bush's fault.
The Saudi c******kers wish that they could move a market. LOL
Oil a little. Pork futures? No dice.
Down $20 is a bad thing? Please how.
Yep, Oil is going back up and even though Natural Gas has come down bigtime over the past month from a high of $15btu to $9btu, the natural gas companies are still making a ton of money.
I've been watching a lot of natural gas/oil stocks and they keep going higher. People are selling tech, gold, and retail, and are going overweight on energy. The energy rally started around the middle of january last year.
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