Black Moday!! Stocks Plunge in wake of terrible economic data!

I admit I am also going to watch the DOW today closely as its pretty obvious that this last full week trading of October is going to be a hairy ride. I personally moved all my superannuation into cash before this month started as its traditionally a bad month and this year being a 7 is also an omen...watch out but I hope nothign happens.

This is a contrived market people! Anyone who was going to make money or protect their investments has already done so. The real money changers are waiting to buy when everyone else panic sells due to this overt market manipulation.

Why do you suppose there have been so many stories about "Black Monday" and the '87 crash? It is an attempt to shock the system and manipulate the emotions and investment practices of the general population. The 350 point loss from Friday is just a drop in the bucket compared to the valuation of the entire market. The market of 2007 is nothing compared to 1987, not the same economic drivers at all much less the same investment strategies.

Don't be mislead by disinformation. Don't add to the hype.

Several great articles about Goldman Sachs and the market here:
cryptogon.com...

Friday’s move: Fly fart. Also, re: options expiration, see Insider Crimes, Funny Money and Options Rackets. Options expiration is always a time of BIG MONEY ripoffs. Forget about the losses that the media is talking about. The question is: Who had the deep out-of-the-money Dow Diamond Puts that were going to expire worthless, but didn’t? That’s the real story here. And, of course, that’s not a topic for polite conversation.

I actually started a nice little thread about this on Friday. You can see it here:

www.abovetopsecret.com...'

Maybe if I had used a scary headline like the OP did, people would have ventured onto my thread and left me some messages, instead of my going back and forth with 2 others.

Oh well. I thought my title was funny.

Ah yes....

Just typical doom and gloom - what has become the norm on ATS as well as the american news media.

So, the market dropped a couple of hundred points on friday. Dah!!!

Corrections happen all the time.

You doom and gloom guys just can't wait for something to happen.

Dream on...

reply to post by ProfTom


I really hope your not calling me a doom and gloom guy. I want the correction so we can go higher. REad some of my posts. I am trying to keep people aware of what is going on, even give them a bit of a hint at what goes on behind the scenes, like with spcialists. Those are the guys who play the games. I am not predicting a recession, nor am I predicting a crash. I am predicting a healthy correction, not just a 10 minute one like we had in August, followed by a healthy correction to the upside again. Cycles, people. CYCLES, CYCLES, CYCLES. Did you read my other thread?

I am glad i was wrong about today.

Keep in mind, this does not mean it will not happen. We are still in serious trouble, just waiting for the proverbial straw to drop.

I think this guy said it best when he said;

"throwing money at the system" will not help improve the fundamentals of the real economy. Instead, he believes, excessive monetary growth has merely driven excessive consumption in the U.S., with consumers living beyond their means and speculators "piling one bubble, housing, on top of the Nasdaq [tech] bubble" that popped in 2001-2001.

"The easy money, the easy credit -- you can't solve your problems with what caused them in the first place," Faber declares.

Source

The clock is still ticking...

Originally posted by Xtrozero
Make this prediction a month ago and it would had been a great psychic prediction, but making it after a Friday with over 350 drop is nothing at all. I would not worry about it for the chances are good there will be another good drop this next week or even Monday.

Does this make me a psychic too?

Here is my prediction... Monday will have a steep down swing, but the market will finish plus 100 or more by the afternoon...

Wow I guess I'm a great psychic! My predictions were also most spot on. The DOW dropped close to 100 and came back a plus 45. I guess I need to work on it some, but in the mean time anyone want 5 out of 6 lottery numbers?

Wow, doom and gloom bs once again. When will you guys ever learn?

Originally posted by sp00n1
I am glad i was wrong about today.

Still - we should all sell money and buy toilet paper, always best to prepare.

reply to post by Now_Then


I'm selling toilet paper...ten bucks a roll

Originally posted by uberarcanist
reply to post by Now_Then

 

I'm selling toilet paper...ten bucks a roll

toilet paper is one of the few things that never drops in demand, even in times of economic slowdown. I'd consider that a good investment

anyhow, I think that the market is far overdue for a serious correction. If you look at P/E ratios of stocks nowdays, many of them are over 40 (google is around 50, Yahoo is at 57). A decade or two ago, a P/E of over 20 was really really high. Even AT&T stock, which is a company who has been experiencing a mature market for years and years, has a P/E of almost 22.

and I just moved my IRA into an emerging markets fund to get the money out of US holdings before the crash

reply to post by uberarcanist



I kinda hope it crashes. I'll just become a movie bootlegger... And maybe sell some guns and moonshine on the side. Anybody got a FAST car they can sell for CHEAP? (free moonshine for life too)

it'd almost be like going back to my Tennessee roots. Almost.


Sorry Mods I had to do it.

reply to post by steve22



Well, Kimberly-Clark (MYSE:KMB) which produces scotts toilet paper is up today
KMB

Damn I must of found a new calling, I was on the mark with the whole toilet paper thing.

Kinda makes me wish I'd invested in Kleenex when the internet was in it's infancy.



(sorry)

Can you keep a Secret?


Executive Men's Room...US Treasury Dept.



In my opinion, the decisive market event today was hedge fund skittishness after Friday's US drubbing. Carry-trades began unwinding last night as reflected in the dramatic rise in the Japanese Yen. Cautious money moved 'knee-jerk' into US Treasuries...ultimately the Dollar rally held...US equities followed.

Looks like the Dollar is already back under-the-gun tonight.

reply to post by Now_Then


70.19 a share not really a bargain, but you could have a slow and steady gainer on your hands OR with volume being awfully light, go in strong with a few thosuands shares, and start a buying frenzy. Then peace out, quickly,

Actually in times of inflation, or recessions, or even back to the old depression, companies that make and/or sell neccessities like toilet paper are very good companies. Although, I would refrain from buying Kimberly Clark. They are a very steady paper goods maker, Procter & Gamble is a much stronger and more diverse company. They have bathroom good too, but also sell the likes of mouthwash, toothpaste, deodorant, razor blades, cold medicines, .....etc. All of these items are things that the public will continue to buy despite the economic conditions. No one wants to stink, have their teeth fall out mid sentence or peel paint off a wall when they breath on someone.

Its been a long practice of wall street to rush toward companies like this when times are not that good. With that in mind, another company that has historically seen a lot of buying during bad times is BUD, BUDWEISER!

Toilet paper and Beer. 2 things Americans can do without! And now, you know the rest of the story.

What happened to black monday???

What happened to the world sell-off???

What happened???

Wow, you ATS guys can really get stuff Wrong!


I have yet to see any predictions hear on ATS come true.

What's the next doom and Gloom prediction? Some one tell me so I can stick my head in the sand and hide....

Blah, Blah, Blah..

For what it matters, some mediums on a medium forum said that they feel it will happen on the 24, 25 or 26. What is strange is how alot of them feel the same way about those dates. They are wrong very often though, so we'll see.

[edit on 23-10-2007 by Atlantix]

reply to post by ProfTom


I actually ran a similar thread, but did not predict doom and gloom. I had multiple scenarios playing out on Monday based on the close on Friday. So don't point fingers at everyone. Not alot of people visited my post, probably because the title was not a doom and gloom type thing.