Printable View
General of Darkness,
I really never know what will happen with this market. Honestly, I am surprised to see the DOW at the 10,000 range given that the economy and the job market are bad. I would think that it would be down much lower than 10,000 but maybe the ecomomic realities will eventually catch up with the DOW and bring it back down to where it should be.......much lower than where it currently is at.
You know, I'm convinced that the stock market in general is currently working at squeezing the last few drop of blood out of the turnip, and I wouldn't be surprised to see to 5K point drop in one day before the end of the year.Quote:
Originally Posted by 1970 silver art
Taleb Says Government Bonds to Collapse, Avoid Stocks
Nassim Nicholas Taleb, who warned that unforeseen events can roil markets in “The Black Swan,†said he is “betting on the collapse of government bonds†and that investors should avoid stocks.
“I’m very pessimistic,†he said at the Discovery Invest Leadership Summit in Johannesburg today. “By staying in cash or hedging against inflation, you won’t regret it in two years.â€
Treasuries have rallied amid speculation the global economic recovery is faltering, driving yields on two-year notes to a record low of 0.4892 percent today. The Federal Reserve yesterday reversed plans to exit from monetary stimulus and decided to keep its bond holdings level to support an economic recovery it described as weaker than anticipated. The Standard & Poor’s 500 Index retreated 16 percent between April 23 and July 2, the biggest slump during the bull market.
The financial system is riskier that it was than before the 2008 crisis that led the U.S. economy to the worst contraction since the Great Depression, Taleb said.
In February, he told a conference in Moscow that “every single human being†should bet U.S. Treasury bonds will decline. It’s “a no brainer†to sell short the debt, he added. Since then, 2- and 10-year notes have rallied.
http://www.bloomberg.com/news/2010-0...ent-bonds.html
I think they have safeguards against that happening in one day.Quote:
Originally Posted by General of Darkness
I am pretty sure you are right. The markets would close early and restart after the plunge protection team injected as much money into the market as they could scrounge up to try to slow the complete collapse. Can't do it all at once, there might be some currency left on the table. :P ;DQuote:
Originally Posted by k-os
it'll magically recover 200+ points 15 minutes before close today or 5 minutes after tomorrow's open. ::)
I've always wondered and maybe you or someone can chime in here. But how the hell can the market move 200 - 300 points in either direction and yet have 0 volume?Quote:
Originally Posted by chad
Low / no volume is the best time to pump it. It is not volume that makes prices but trades.Quote:
Originally Posted by Ares
Let's say I start with 1000 shares of JNK stock at $30. That is $30,000.
If nobody is trading, I can offer my stock in small volumes (10 shares each group) at $30, $32, $36 and $40.
If there are no other sellers, I can buy from myself on another account and drive this stock to $40. Now I have 1000 shares in my pocket that are worth $40 each and it cost me nothing. I gained $10,000 manipulating the market.
When the pump monkeys do this, they can keep buying enough to bump the prices on a broad selection of stocks. After hours or slow times is their best place to do this unless they can get a zombie rally started during the day.