Dow futures are only down 79 pts right now. For what it is worth.

Originally posted by Karlhungis
Dow futures are only down 79 pts right now. For what it is worth.

Only...well thank you for that cheery update.

Retail sales reports, earnings and such release later today. I guess they already have over in the asian markets.

Potential for a rough market day, excellent time to be sitting on some shorts though

This could be (emphasis on 'could') an overreaction by the Asian markets to Wednesday's Dow falterings. I've noticed the last couple of times the Asian markets have bled we've actually preceeded their drops with a rough day and then immediately followed it with a ho-hum up and down day for either a minimal gain or a couple percentage points drop.

Of course the other possibillity is that we've dropped the paddle and are watching it float amongst the turds towards the rapids.

I watch the markets, and to say that we will follow the asian markets might not be true, it was following that trend for awhile but if you notice more recently it looks like they are following the dow, in other words they dropped because the dow dropped yesterday, the Nikkei did not cause this, so it is possible that the dow gains today, but who really knows with all of the false manipulation in the markets now, it would not surprise me if the Federal government behind the scenes is buying securities under some fake fronts or companies.

The DOW does not always follow world markets.. in fact typically world markets follow American Markets. This Asian Reaction could, and most likely is, a reaction to the DOW's nearly 500 point loss. I wouldn't expect another massive 500 point sell off on the DOW.

Originally posted by Rockpuck
The DOW does not always follow world markets.. in fact typically world markets follow American Markets. This Asian Reaction could, and most likely is, a reaction to the DOW's nearly 500 point loss. I wouldn't expect another massive 500 point sell off on the DOW.

I realize we're still in intraday trading, but is that your final answer, Rock?
Looks like we were both a little too optimistic.

DOW down 447 at close
time to change underwear





[edit on 6-11-2008 by all2human]

Originally posted by Rockpuck
Stander. Your a weird man you know that? And that woman is frightening.. I don't like a gal with bigger arms then me.

In that case the Hugs of Wisdom shall embrace someone else; someone with a bigger . . . someone with . . .
What time is it? I'm sleepy.

Anyway . . . Rockpuck, what do you think the Dow would wear tomorrow? I don't think it would be heavily clad. It's getting hot again -- the mercury is dropping.