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Asia Stocks Hit by US Consumer Confidence
Stocks Fall 2% as Market Gets a Reality Check
“There’s no basic foundation for the run-up we’ve had, been far too rapid," Dan Deighan, founder of Deighan Financial Advisors, told CNBC. He predicts we're going to see a 25 to 50 percent drop in the market — and it's going to be fast.
Originally posted by RetinoidReceptor
I feel the next short squeeze coming on........................Just one more or two more down days and then Ben and Goldman can buy more equities and scare the shorts into rallying the indices. How many times has this happened in the past 5 months already?
Originally posted by Rockpuck
EESSHHHHHH ..... if the markets tank now it will be simply catastrophic for Americans. Why? .. I am going to try and dig out the news articles, I remember they were from Bloomberg, hell I probably linked them somewhere in this mega thread...
Originally posted by RolandBrichter
Impending dollar rally?
Robert Prechter from Elliott Wave thinks so...not so good for stocks and commodities....deflation anyone? He actually uses the banned "D" word (Depression...Shhhhh) on CNBS!
Robert Prechter On The Dollar
Originally posted by GreenBicMan
Someone else agrees with me on this apparently.
the 50 EMA and the 200 EMA are very powerful
remember, when the 50 EMA crosses the 200 the index or stock you are looking at usually actually goes down, tests***, then moves higher if the test holds.
might be doing the same thing here.. I might have to summon that UFO lol