wow, hard to believe this thread hasn't had any action in a few months!!
Here's some recent doom for everyone:
http://www.finviz.com/image.ashx?dow...58826644062500
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wow, hard to believe this thread hasn't had any action in a few months!!
Here's some recent doom for everyone:
http://www.finviz.com/image.ashx?dow...58826644062500
Damn it I have a hard time being excited about this plunge, now...
http://www.finviz.com/image.ashx?dow...17399717968750
12,347.28 -164.76 -1.32%
Not even 5 minutes open!
The market is so manipulated, that the only moves are when the big players get their bets on the right side to rip off the little guys. HFT is always winning- up and down.
Technical analysis does not work anymore. Fundamental analysis is impossible with cheating accounting practices.
true. these 1% drops are a little boring.Quote:
Originally Posted by Neuro
do we hear 3.5% 3.5 3.5 3.5 3.5 ...
> 3.5 !
yes, do we hear 4% 4% 4% 4%
> 4.0 !
YES ! ladies & gentlemen, we have 4%, do we hear 4.5, 4.5, 4.5, you can do it, short sale today, GO BIG, 4.5 4.5 4.5, YES !
heck, i'd just as soon have a skilled auctioneer manage the downticks as Uncle Shylock.
http://www.finviz.com/image.ashx?dow...73788211318750
http://www.finviz.com/image.ashx?dow...73788211318750
Just a bump as Dow nears the 12300 basement...
Today it seemed like the pump monkeys were sent home. The market has been so fake over the last 2 years+ that it has been like eating cardboard steak and plastic fruit.
They faked it so long that when it really does crash, it should make a big splash. I have no sympathy for those I told to get out of the market. I only hold a few put options.
Basement? That is pretty close to the ceiling, IMO... Thanks for bringing back this ole thread though, which was a continuation of a very posted thread at GIM. 2008 brings tears to my eyes, days when you saw amazing plunges, followed by three percent recoveries, only to be outdone with a greater plunge before the closing of the bell. I think we may have days like that upon us soon actually. Raise da det ceiling, without any federal reserve monetization, and all hell will break lose.Quote:
Originally Posted by MNeagle
This mini plunge may just be the precursor of what will happen. My bet is that they will agree on raising the taxes on the ultra-rich (which the ultra-rich will get out of through loopholes), and cutting some benefits, which will hurt the middle class (which they will not get out of)...
Once this package is through the debt ceiling will be raised and $600 B will be taken from the bloated market in a months time... Then PLUNGE TIME!
ES Volume Surges At Close As $3.3 Billion Sale Hits The Tape
That will move the market.Quote:
It appears someone rather big just couldn't wait until the debt ceiling resolution was found, and instead decided that defection is the better part of a ponzified game theory. As such, just after the last second of trading, they dumped about $3 billion worth in ES. In the last tick, or just after, over 65k contracts of ES were sold at $50k per. Obama better find a resolution tomorrow or this dumpathon will be a humble appetizer of what is coming up.
Ironically, on the day this thread was started (April 7, 2010) the DOW was 10,897.52 and the S&P 500 was 1,182.45.
At the end of today, we have a Dow of 12,302.55 and the S&P 500 is 1,304.89.
That being said, I expect the Dow under 10,000 by fall. The the economy tumbling into deflation seems more likely then the chances of dramatic inflation. This also doesn’t bode well for PM prices either.