Dow down 227.55 points

Ok, 200 points is not the end of the world.

It "IS" a bad sign to be almost 230 by about 10 am pacific standard time.
Yahoo

Please people, don't try to match this to the october 25, no 26, no, 27, no, 28, no 29, no 30th doom.

We'll see, but I dont really feel confident about the economy knowing what makes it barely function these days...



[edit on 30-10-2009 by Copernicus]

I saw it on the news and started laughing and pointed and said, " Look, where out of the recession!"

strange flucs.. yesterday it went up 199... today:

Dow 9,706.99 -255.59 (-2.57%)
S&P 500 1,035.94 -30.17 (-2.83%)
Nasdaq 2,043.79 -53.76 (-2.56%)

reply to post by mrmonsoon

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We have a running thread on the markets here's
www.abovetopsecret.com...
Go to the last page for today's thoughts...

I will admit this latest drop wasn't unexpected... in fact its overdue...the real tell will come at end of day trading... the big boys always make their buy sell orders at the opening bell and the last few minutes...

mrmonsoon,

It was the doom theory minus, the 4 calender days, all of my sources were off a bit, no it was actually the tilt of the earth vs the gravitational pull and rotation of the sun that threw me off.

I am calling David Wilcock it's his fault, something needs to get blamed.



I think the Saudi Oil issue is the main catalyst on this one.

Saudis and Iran can set up their own market in hopes of a higher return but to what end.... Oil prices are tumbling too... Why would any trader go to their market plus 20% when the WTI is selling at a fraction of their asking???

reply to post by mrmonsoon

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Double Dip is on the way.
Unemployment will jump over 10% soon.
The GDP bump was because of cash for clunkers.

I believe a lot of it has to do with Saudi saying they don't want barrels of oil set in $ anymore. More and more people are turning the U.S currency down. If it gets worse, I'm sure Obama will just sign another stimulus in to trick the market for a little while longer.

www.nydailynews.com...

reply to post by OpenYourHead

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One flaw in your theory


the dollar is up and climbing
Bloomburg

reply to post by DaddyBare

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Interesting....

reply to post by DaddyBare

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the dollar may have an up day here and there but the overwhelming trend is DOWN...don't believe what you read in the MSM...this is just getting going...

The price of oil is going UP NOT DOWN! That is why SA wants to get out of dollars. They'll get more money if they trade in other currencies as US has too much debt and is destroying their own currency. The whole system should have been allowed to fail instead our stupid government is prolonging it and making it worse.

There are so many safeguards in place that days of gain are going to be met with days of "corrections." No longer will we see days like in the earlier parts of this decade with unanswered days of 400pt+ gains.

It's too bad, really. The free market now just vacillates between 8500 and 10000.

reply to post by Iago18

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Well that's how the market is SUPPOSED TO WORK! It's not a casino. The stock market should be a representation of corporate earnings and growth. It's impossible for a company to have year after year growth. People should be in the stock market for long term, slow steady wealth accumulation. This whole get rich quick everyone wants to be a millionaire, 21 year hedge fund wannabe days of the stock market are what has ruined our economy.

reply to post by Zosynspiracy

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I respectfully disagree.

While I certainly wouldn't argue that some people who were too risky got what they deserved, the major reason for the market to crash was because of government over involvement.

A large reason that the market was going up to begin with was because the government took its hands out of the market during the 1980s. You can see this reflected in any map of the DJIA over the past 30 years.

Why does it shoot up? Was it because of greed? To some extent, sure. However, it also was because of the flourishing of small and mid-size businesses due to limited government.

The responsibility of government is not to be arbiter of profit or markets, it is to be a neutral observer. Government's active participation stymies growth. We will never see the days of pure growth as long as the meddling hand of government chokes off private enterprise.

Dont know what planet your livin on mate its -258 and dropping
www.djindexes.com...

First of all I never go to MSN... second the dollar has been steadily raising for the past week and a half.. why???

When investors lose faith in stocks and Commodities they turn to three safe places to put their money... Options (VIX is up 25%) Bonds... T Bills have seen a small rally this week and last but not least... Currencies... that includes the all mighty dollar... these three signs when combined tell the story of rats leaving a sinking ship.... Now go back to MSN and see if they'll explain it that way to you..

reply to post by Ignorance Denied

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Your not looking at a real time chart right now the dollar is up on the Euro and the Pound... it is however down against the Yen

I don’t necessarily disagree with you but just so I understand… you are bullish on the US$ and believe it is trending higher?