Dow Jones Sheds 536 points in 3 days..

reply to post by TheCoffinman


I bought a handful of stocks at the end of the day today. No banks, just my favorite 4G wireless, Homeland Security, and Rare Earth Resource companies. Obama is all talk, his plan to kill the banks won't go anywhere. If you sold stocks down 500 points you're doing it wrong.

down a few hundred today... we got out of the market last year and avoided huge loss... this is no where near to being done... I say it drops another 300 before end of next week...

numerous things will contribute to it... mostly mass. and the fights with banks.... and the general panic of americans..... less people are going to invets if bernake and geitner are still in the picture...

Originally posted by nixie_nox
...
Insurance companies shouldn't be buying and trading mortgages and vice versa. You should know who owns your mortgage or loan.
...

Reading that made me think of something. As a borrower you do have an ability to negotiate a potential contract with a lender. I would like to see a national campaign to urge anyone getting a loan to ask for a clause in the loan that states that
a) This financial document can not be traded, sold, bundled or broken down in any way.
b) optional] ...without specific authorization of the borrower.

Originally posted by theyreadmymind
reply to post by TheCoffinman

 

I'm not a stock person myself at all. So explain this to me please. I'm looking at this page:

moneycentral.msn.com...

It looks like the DOW closed today at 10,172.98

It looks like a 52-week low was 6,469.95

So doesn't that mean that it's been much lower than it is currently? Am I reading this right that it's not much of a big deal? Hopefully you can explain this to me because I was wondering about this earlier. Thanks.

Okay, nobody answered my question. I'm sort of gleaning from some of your posts that the market should be below 7000 anyway. So was I sort of right in my thinking that this little fluctuation is no big deal? Please, I've been really curious if someone could answer me. Thanks.

Just proves Obama isn't in control!

He threatens Wall Street, their response...plunge the market.

Need any more proof as to who runs the USA?

You need to understand price action vs. time to understand why the market moves *mostly* like it does. The other variable is just pure randomness. Once you understand that it's not that challenging, although to be 100% accurate in forecasting is a fallacy it's certainly possible to have a very high percentage of high probability setups in all timeframes.

reply to post by theyreadmymind


It's not man, you are correct by just using simple reasoning

We are right in the "middle" of the highs and lows pretty much - IMO right where we should be seeing that the market is forward looking.

The market is coming down. If you made a profit buying low and selling high in 2009, then you have to pay taxes in April 2010. If you didn't sell in 2009 then you can sell now and wait to see what happens next.

When the Dow is down 3000 points from the top, you will wish you sold when it was down only 500 points from the top.

The markets have to take another journey down, letting time pass, before all the wrinkles will be ironed out. Come back to buy stocks after the summer solstice.

Originally posted by theyreadmymind
reply to post by TheCoffinman

 

I'm not a stock person myself at all. So explain this to me please. I'm looking at this page:

moneycentral.msn.com...

It looks like the DOW closed today at 10,172.98

It looks like a 52-week low was 6,469.95

So doesn't that mean that it's been much lower than it is currently?

When you look at the longer term, you are correct that a drop of only 536 points is not that big of a deal. I believe the SP500, an index many look at, dropped down to 666.79 at it's low point back in March. It's currently up around 1080ish in the futures.

It's true that 536 points may not seem like much compared to the wild swings we had in 2008. However when you look at simple technical analysis, indicators have changed indicating the market has just recently entered a downturn which is more bearish. Stocks will tend to go down for a while. I believe the weekly indicator for MACD turned negative for the first time since March of 2009. Liquidity will be draining out of the market which will only lead to further stock declines. This past year was extremely abnormal when it comes to the percentage increase in stocks. We also had a very unusual run up in stocks similar to what happened in 1930 after the initial crash in 1929. Back then the market continued to go down for years. We get to see if history is repeating. I do believe the market has its own rhythm and the news media puts it's own spin on the news to explain to the general public why it went up or down whether that news is right or wrong.

The bad news is that those who were best at predicting the drop in 2008 are predicting even worse drops in the market either starting now or very soon. The good news is that the value of our money, (the value of the dollar) should go up instead of crashing as it has been due to heavy government borrowing and spending. It's not a coincidence that gas prices hit over $4 a gallon when the value of the dollar was diving. The alternative is that our government continues to devalue our currency.

SO its true, walmart operates like a CVS* last year, i work at a cvs, manager basically almost yelled at me with an attitude, since i rant n rave at work sometimes about the corporations mess and all...thier were people going around to stores, trying to get empoyees to sign up to a union. it would have been immediate job termination if so. CVS does not wnat any union involed, mostlt becuase of money, naturally. They also wanna hide the illegal immigrants and employee abuse, a union would most likely investigate and act on.
well, looking at yahoo news, everyday, they list the major stocks, you know NASDAQ, others...and im not a financial specialist, but know enough, stocks in the minus bad..stocks in the plus good. Yesterday, stocks were like minus 250+... as of a few hours ago, thier back up at +45. so thier is trae ns tuff goin on...but its not like + 455 ect ect....
Obama seems concerend over his presentability of course...but he isnt acting* actions speak louder than words or pen n paper obama....
i hope he does cap the banks, and corporate buisnesses..thier just as corrupt as al cappones mafia, and the government and system knows this and allows it, as long as money is involved.for them to launder amongst eachother...someone like yuo or me does it we get sent to the big house*
DEmocracy and made in USA NEEDS to come back* we need to get this capitalism out the door. thiers nothing wrong with making profits, but when its based tot he point, on greed, a sick wealthy game they play with eachtoher, in terms of layoffs and job terminations to gain profits, and baost about it amongst eachother, is sick and un patriotic*