American Stocks Expected To Be Hit Hard Once Again!

I nottice that once again at around 2pm the stocks sell off.

Why is it always around 2pm?

This effect can be judged to be ripples in a pond so there's really nothing of much concern merely people are trying to buy their stocks low and sell them high in gains of a few points on free trading. Speculators are causing the markets to rock not long term investors which is probably why mutual funds are pretty solid through all this.

Dow drops below 12000
Keeps flirting with 11950

*so of course it rallies all the way back because I posted that*


[edit on 14-3-2007 by AwakeAndAllSeeing]

There's a disturbance in the force....


The psychologically important DJIA 12000 is getting a serious test today.

The rally was weak...it failed to take back a minimum of 50% of it's losses from the February high...before today's pull back. Not a good sign.

We could actually be entering uncharted waters here. The Fed will be under pressure to ease, but lower rates will put more pressure on the massive Carry Trade by narrowing the Yen/Dollar rate spread. An additional 'rock & hard place' puzzle for the Fed.

IMHO, ultimately, this has the potential to become a self fueled, downward spiral of some proportion.

Peace &
Good Fortune
OBE1

The pro's tend to show strong nearer the closing bell...the last hour or so of trading. In a moment of candor, Jim Cramer explains how the heavy hitters move markets.
www.youtube.com...

Peace &
Good Fortune
OBE1

Edit: Sorry about the bad url. I replaced it. Thanks....


[edit on 14-3-2007 by OBE1]

Seems like after every massive drop comes a little rebound. *shrugs* even though Europe fell another 2% and Asia fell another 1.5% average, America rebounds??

Originally posted by Rockpuck
Seems like after every massive drop comes a little rebound. *shrugs* even though Europe fell another 2% and Asia fell another 1.5% average, America rebounds??

Imo, it's mostly the PPT Rockpuck. They allow stops to be hit down to an 'acceptable' level, then swoop in and save the day.


Looks like overseas markets are trying to turn up tonight:
finance.yahoo.com...



Shoddy ethics, and criminal behavior amongst greed driven brokers...and once again, the American public will be expected to pick up the tab.

Senate Weighs Aid to 2.2 Million Subprime Borrowers

"Federal aid ``would come at a cost,'' said Douglas Duncan, chief economist at the Mortgage Bankers Association. ``It has to be paid for and the question is would the 34 percent of homeowners who have no mortgage be willing to pay taxes to support the bailout of people who traditionally have not managed credit well?''
/yw5wf3

It never mattered if we weren't willing in the past?

And it sounds like he's defending the taxpayer, but notice that the focus here is on the borrower...never mind that it was his financial structure that in many instances, knowingly, and willfully enticed these under-qualified home buyers...for profit.

And we the people actually get taxed twice in bailouts. As the influx of this new money into the economy further inflates our currency...our dollars become worth-less.

I believe we need comprehensive hearings, and criminal proceedings brought against culpable members of the subprime mortgage industry.

Peace &
Good Fortune
OBE1


*CPI IS A LIE*