What will Monday bring to the stock market?

After last week, with the DOW and TSX and other markets plunging after the US credit downgrade, I wonder what will happen tomorrow. The markets in other countries today show things could be nasty.


Tel Aviv exchange halts trade after 6% fall

rading on Israel's Tel Aviv stock exchange was temporarily halted on Sunday after share prices fell six percent at the open on news of a US credit rating downgrade, public radio reported.

Trading opened as normal on Sunday, the first day of Israel's working week, but mandatory suspensions went into effect minutes into the session as the stock exchange plunged.

au.finance.yahoo.com...



The Eurozone doesn't look very good either, with Germany getting tired of paying for other countries, Italy is about to break, Greece is still a mess and Spain and Portugal are right behind them.

The only thing is who can predict the markets anymore? Will the Plunge Protection Team go to work tomorrow if things get real bad? Will the stock market be closed tomorrow?

Your thoughts?

I know the staff here hates one word responses but to answer the question

"CRASH"

It will open and start a fast spiral down. I give it 60 minutes before it is shut down.

The market is due for more "negative correction" imo. I would expect another large drop tomorrow. I mean, what positive news has come out to change the perspective?

Funny thing I just found, APMEX suspends sales until market stabilizes.....

Attention –– Due to the uncertainty in the global precious metals markets, we will not be able to accept any additional orders until the global markets re-open in Asia. We expect to be accepting orders around 6:15 pm EST. Sunday August 7th, 2011, following the market open.

So will gold / silver markets take a dive or go to the moon tomorrow.

reply to post by macman


Tomorrow, for the first time, I may actually watch the Stocks to see what happens. Or I"ll sleep in and read about it on here

But it does not look good at all for the markets

Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity...

...The darkness drops again but now I know
That twenty centuries of stony sleep
Were vexed to nightmare by a rocking cradle,
And what rough beast, its hour come round at last,
Slouches towards Bethlehem to be born?

- William Butler Yeats (1865-1939), The Second Coming

Originally posted by MidnightTide
Funny thing I just found, APMEX suspends sales until market stabilizes.....

Attention –– Due to the uncertainty in the global precious metals markets, we will not be able to accept any additional orders until the global markets re-open in Asia. We expect to be accepting orders around 6:15 pm EST. Sunday August 7th, 2011, following the market open.

So will gold / silver markets take a dive or go to the moon tomorrow.

My little bro told me that too.

If stocks crash, watch for gold and silver to rise.

But, when the market starts to rebound, be prepared for large dumps of gold and silver.

I think things will go into decline. I have personally believed that the market should be around 9 to 10 thousand. I think that is where it will head. I see Israel's market is being hit hard currently.

reply to post by MidnightTide


Well we're about to find out...



Cosmic...

Tel Aviv shutting down the market is not good news...

The euro market still falling....not good news...

Rumors of the dollar being essentially dropped by countries...even worse news...

What is hilarious is that STILL even after all of what has been happening there are people out there, your friends, your neighbors, who have 0 clue as to what is going on...

But wait Jersey Shore is on and Snooki is cheating on her BF w/ Sitch!

reply to post by MidnightTide

After last week, with the DOW and TSX and other markets plunging after the US credit downgrade

Actually it crashed before the downgrade, so i'm predicting bad things for Monday.

ALS

Isn't Asia opening in 2 hours? Would be an good indicator

Wonder how many times we can watch crash after crash before it becomes, "Normal market fluctuations." Riots in London are going to help a spiral down. SELL SELL SELL! Here's a stapler, sell it, NOWWWWW!

Oh dear, this week is going to be bad.

Originally posted by TribeOfManyColours
Isn't Asia opening in 2 hours? Would be an good indicator

The whistle from above getting louder and louder and then KABOOM!!!!!

I am expecting the asian markets to drop like a stone !

The UK markets to do the same.

I expect the local ATM's to be "out of service". This seems to be happening more frequently.

I have tried to warn family but to be honest you get more reaction from a dead duck being poked with a stick !

We'll know soon, the FX markets open in 35 minutes.

We'll see what the dollar does. If it goes up, it means either people are selling their US treasuries (which they are then paid in US dollars) or they are buying US treasuries because of the chaos in Europe.

What will be the indicator will be the bond market.

Despite Calls For His Head, Geithner Tells White House He Is Staying

...

Dollar Tumbling To Record Low Against Swiss Franc, New Lows Against Yen

Already going down...

Tomorrow is actually going to be a hard one to predict. I think the markets are doomed, but as far as commodities, if it turns into a massive selling panic everything will be on the chopping block. Silver and gold might go with the rest into a panic sell off.

reply to post by maddison


Here in Australia all our top banks will start having their usual "glitches" where no one can access their savings for a day or two.....

reply to post by SpaDe_


Nah, gold will hold reasonably steady - up/down a wee bit here and there but not by much