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Originally posted by netwarrior
Volatility kills markets. I literally watched a ticker fluctuate 100 points in either direction just before close on Friday.
Traders are skittish. Nobody knows what to do. It's *definitely* not fun times for those guys on the Street. I'd expect the Maalox tankers to set up station somewhere nearby, because they'll need it.
Originally posted by CoffinFeeder
oh wait, its black monday now? what happened to black friday? black wednesday? black 2:13pmCST? When will chicken little come by and throw the sky at you?
I personally think the PTB are positioning to destroy the fed. I think they are moving slowly in order to prevent even worse havoc. Once the fed is gone and we control our own money supply most of the problems will fix themselves. So what if we have to merge with Canada and Mexico? We started out as 13 colonies if anyone remembers. Expansion is just the natural course of things.
Originally posted by LowLevelMason
The good rule of thumb to follow with Cramer is that the opposite of whatever he says is going to happen. If hes predicting a crash, there is a very good chance we will have a huge rally. When he was telling everyone to buy, it was a good idea to sell.
And what is exactly the obsession with creating Black Monday/Tuesday/Wednesday/Thursday/Friday around here? Every day someone has predicted for the next business day to be a stock crash. Wish fulfillment much? Maybe if we all just think hard enough for a economic apocalypse, it will happen, eh?
[edit on 12-10-2008 by LowLevelMason]
Originally posted by ghostlandseller
Yeah because so far nothing has happened right? were all jsut completely wrong. Because im pretty sure we lost one fourth of the worlds entire stock market value in just a week. thats not deserving of any negative speculation.
Originally posted by ghostlandseller
COME ON. We got royally screwed this last week. theres as much of a reason to expect the same thing to happen next week also.
Originally posted by ghostlandseller
I would say any day last week that someone predicted, or deducted is a better term, anything was pretty much dead on. Because every day last week was very huge and very abnormal.
Originally posted by ghostlandseller
And Cramer isn't a fortune teller, theres no reason to do what he says. He is jsut giving his insight on certain stocks. he i just in essence a translator for the average Investors. He takes technical confusing information and finance talk, and makes it simple for the average middle aged investor who is investing for their retirement. thats his target audience. He knows what he is talking about, he has his head inside the gut of the finance system everyday. i don't personally watch him because he doesn't really discuss anything that isn't already apparent for someone who really fallows the market attentively.