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are they expecting something? Do they have foreknowledge?
Originally posted by xoxo stacie
reply to post by RolandBrichter
They would be making a terrible mistake to try and turn this around so soon. A correction is needed to bring in some MUCH needed stability to this dog and pony circus!
Originally posted by redhatty
reply to post by Hx3_1963
They will NEVER remove the nozzle, they have NO EXIT STRATEGY
And many are starting to see that
Markets will drop 25 to 50 percent and it will happen abruptly, Deighan told CNBC.
“There’s no basic foundation for the run-up we’ve had, been far too rapid. It continues to run up on what’s normally considered bad news,” he said.
“None of this stuff is positive, and Americans are very angry in addition to being scared—a very dangerous combination,” he said.
In the meantime, Stein said he doesn’t expect a sharp drop in the markets, and predicts stocks will trade at the current levels for at least several months.
“I actually think we’re going nowhere,” said Stein. “These are going to be the levels that we trade at 5 percent around here for several months, if not for the rest of the year."
Stein said the economy is experiencing two types of recessions: the traditional inventory and unemployment recession, and another based on the credit crisis.
We're closing in on a 975 support level here...thought I heard 967 was the break down point?