Breaking: European Markets Tanking, DOW Futures Point to Ugly Open, page

Wow, I had a feeling this would happen based on the way the American markets dropped sharply at the close.

www.cnbc.com...

European Markets are all down over 3%, and the DOW futures points to a drop below 9900 at the open.

www.cnbc.com...

Tomorrow may be a critical day that starts w/ a steep panic driven drop. How the market responds in the latter part of the day will be scrutinized closely. There is a decent chance of a sharp rebound in this type of situation, however, if the market stays ugly throughout the day, it will be interpreted as a sign of pretty bad weakness.

In any event, it will be a fascinating day for those that follow the US markets....

Best,
SN

Just posted in the Market Watch thread that the Asian markets were bad this morning. All but a few are down 2-3+%.

finance.yahoo.com...

The mess between N&S Korea probably isn't helping matters any.

reply to post by skunknuts

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well with the war in NK looming around again, the gulf oil disaster, another oil tanker spill off of Singapore (if i am wrong about that location correct me!) unemployment still rising, and 2 wars.... + more.

isnt this expected? not to mention, 2010 was going to be one hell of a year!

as in were going to be witnessing some kind of hell!

But it could just be one of those.... days like a few weeks ago... where the market tanks 1000 points, then shoots up 600... again.

reply to post by Graybeard

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Very true. With all the focus on the euro, libor rates, flash crash, etc., Korea has been under the radar. That issue could quickly become paramount, indeed. Let's hope cooler minds prevail.

Best,
SN

reply to post by skunknuts

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Excellent analysis. DOW down 3.6% to 9775.46 on opening.
moneycentral.msn.com...$INDU

Originally posted by wisdomnotemotion
reply to post by skunknuts

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Excellent analysis. DOW down 3.6% to 9775.46 on opening.
moneycentral.msn.com...$INDU

Thanks for the props. I guess it is pretty rare for an ATS prediction to come true. In my several months here, I think the world was supposed to end like 10 times, and we should have already been rounded up into FEMA camps several times over, lol.

Anyway, I think there is an equal chance we close above 10,000 or below 9,700 by the end of the day. I was lucky and pulled the sell trigger at the end of April. It is very tempting to get back in now, but....I don't know, something says to wait a bit longer, you know?

Best,
SN

[edit on 5/25/2010 by skunknuts]

reply to post by skunknuts

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Exposing the Dubai and European debt crisis were planned to divert attention away from US financial mess.

I heard news commentaries that there's some kinda anti-crash mechanism (aka "manipulation") at play in US stock exchange now. I guess the possibility of another big crash is unlikely unless an insider screws things up.

At 12PM, DOW is gradually rising above 9900.

reply to post by wisdomnotemotion

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Are you thinking of the circuit breakers that will be implemented in response to the 'flash crash?' Not sure how I feel about that. There needs to be measures to keep the market true, but suppressing liquidity could actually cause increased panic....

Best,
SN

reply to post by skunknuts

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It's called cause and effect. Printing money out of thin air will cause our economy to collapse.

Originally posted by slouden
reply to post by skunknuts

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It's called cause and effect. Printing money out of thin air will cause our economy to collapse.

Eh, that seems like a drastically over-simplified talking point. Every action has it benefits and detractions. I bet Europe wishes they could be printing money at the moment. Until we move away from corporatism to a more advanced socio-political system, just par for the course.

Best,
SN

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