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Originally posted by Pinktip
Gold down, Silver down, Dollar up???????
www.dollarcollapse.com... scroll down to kitco charts
Originally posted by stander
Modern stock market trading has little to do with an investment. It's legalized gambling where bunch of jerks armed with fancy math formulas try to outwit each other.
When Dow skidded 800 points, the loss was attributed to the decision made by Congress that said no to the bailout. Yesterday, the Senate said yes, and the market reacted by closing -348 (Dow). It's apparent that the yes/no parameter doesn't affect the math formulas designed to realize the get-rich-quick or risk-free schemes. It's kind of futile to read and rely on all those anal opinions made by the market analysts. Watching a spinning roulette ball is as much as future revealing as the crap seeping through financial media.
Today's loss has been attributed to the jitters regarding the outcome of the vote in the House on the bailout package. That means the market should move downward tomorrow about the same rate as today. But the fancy math formulas already picked up all "undervalued" stocks from today's trading.