yeh falling price commodities, too bad china/india aint buying to solve everyones problems, heck even china didnt even have a bailout plan for one of its own collapse big banks......seems like australia $110B surplus aint doing anyway if its use, just money going down the drain imo. They are planning to release a $10b stimulus plan, where families get $1k this christmas and pensioners will see an increase in their fortnightly payments of extra $30-$50. No one is willing to spend imo...with christmas/boxing day/end of year sales just around the corner.....will not be enough to get economic activity rolling, consumer confidence is bleak....
Looks like the market is really trying to find a bottom in the 8200-8300 range. Hope it holds.
That seems to be the day's floor, although if it doesn't go up before the late in the day sell-offs, I wonder.
Meh.
Might as well pull a number out of a hat these days. I have completely given up trying to figure out where the bottom is, and anybody who says they know with any degree of certainty is trying to sell you something.
Goldbugs are still waving their arms saying "buy buy buy".
I can't wait for the price of gold to settle down to 200-300 again. I will laugh at the silly people who bought into the fad at 700+.
Cosmic-I think “the leveraged hedge fund folks” have been selling off @ 3:30 for two weeks now…
I said it a while ago . . . buy puts . . .
Why the did I sell them last Thursday?
Market looks to heading South . . . again . . .
Looks like they were early today...
ho hum, just another day in the market...
down another 2.6%
holy . it will close at 7k at some point this week
I did not get the "time to buy memo”…
Dow...9,065.12...+889.35
It's a start.
sucker bounce.
A 50 basic point rate drop is no grounds for exuberance.
LOL
Fed finally announces the 50 basic point drop in interest rates that most were anticipating and the market drops 400 points in 10 minutes.
Friday will be the big drop and could quite possibly be the floor.
Any new updates, opinions or predictions…
I predict that if the market tanks tomorrow they don't call it Black Friday.
LOL...
My real question is, “the DOW has dropped 700 points since Obama was elected"…Were investors just waiting for an excuse to bail? There is really no “new economic news since Monday...
Actually there is. Some monthly reports are coming in that confirm that the recession is much worse than the optimists were predicting and the IMF just revised their projections. I'm still sticking by my prediction that this thing is gonna bottom around 7000.
Is this something you do for fun or profession?
I'm not a professional money guy if thats what you are asking. I do feel that what happens in the economy affects us all and I consider myself to be fairly well read on the subject.
Yes, actually there was a good chunk of news out there in the "oh crap, that's bad" category.
Longer-term jobless benefits hit 25-year high
"Productivity slows despite employer efforts"
"Carmakers seek help, Toyota hacks outlook"
---------------------Still, September factory orders fell 2.5 percent from August, the department said, more than three times the drop analysts expected. Excluding autos and aircraft, orders fell 3.7 percent, the steepest drop since 1992, when the department began tracking sector-specific changes.
...
The factory orders report comes a day after the widely watched Ins ute of Supply Management gauge of manufacturing activity plunged in October to its lowest level since the country's last deep recession, the 1981-82 downturn.
Not exactly cheery news.
Um. No thanks. Stop listening to Alex Jones.
Reagan's tax cuts had less to do with that than what Volker did after the election.
Trickle down my ass.
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