And again....
10,374.77 -136.18 -1.30%
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And again....
10,374.77 -136.18 -1.30%
Futures down 152 this morning. Gonna open low, but will it plunge after that is anyone's guess. got my fingers crossed. ;D
and away we go...
Dow 10,265.94 -178.43 -1.71%
10195.50 -248.87 2.38%
Dow 10,179.63 -264.74 -2.53%
Dow 10,131.94 -312.43 -2.99%
Another FFT? ...(Fat Finger Thursday)
In the first hour of trading, the Dow fell 286.73 points, or 2.8 percent, to 10,157.64. The broader Standard & Poor’s 500-stock index fell 34.15, or 3 percent, to 1,080.90. The Nasdaq composite index fell 74.36, or 3.2 percent, to 2,224.01.
In Europe, the FTSE 100 index of leading British shares was down 129.05 points, or 2.5 percent, while Germany’s DAX slid 178.99 points, or 3 percent. The CAC-40 in France was 123.91 points, or 3.5 percent, lower.
Worldwide.
:o
Dow 10,092.12 -352.25 -3.37%
S&P 500 1,074.98 -40.07 -3.59%
http://www.markhoustonrecovery.com/i...in%20wreck.jpg
Yeah baby! A good ole fashioned plunge.
Not to bad of a plunge day...
Dow 10,068.01 -376.36 -3.60%
Every time I go to the gym, the DOW goes down by a significant amount (200-400 pts).
I am not saying it's related, it's just a fact. Maybe it's inspiration from above.
What are they blaming it on today?
Stocks Slide on Fears Over Europe and Regulation (?)
Jobless Claims Jump, Leading Indicators Fall (?)
Stock market down hard, gold & silver down significant, dollar also down sharp. Where did everyone go?
Futures trading already have us poised for another down day.
Reading some credible analysts- a crash is anticipated today or Monday. Will it bounce? Maybe.
There are just too many bad things that can no longer be hidden. We are weaker than we were in October 2008. We have more debt. We have larger unemployment. States are in debt and some will default unless they commit to radical cuts- adding to unemployment. The stimulus plans were temporary doses with no sustainability. The bank bailouts ripped off the people while fattening certain friends of Obama and hid Goldman Sachs controllers. The leveraged worthless derivatives are unwinding.
Add in some disasters like earthquakes, volcanoes, BP-oil.... and I am sure a few more will soon erupt... and things are ready to progress into the next stage of the great tribulation.
http://4.bp.blogspot.com/_ucHLXiVwME...oat_hg_clr.gifQuote:
Originally Posted by Spectrism
Yep.
:)
Another fat finger day? Down more than 200 over night. No good news coming out. Getting harder to spin the green shoots line. One of these days I expect to see Obummer get out there and totally go off script blaming Bush and whining about how people are just not cooperating by buying more junk. Then, back on script- all retirement funds to be funnelled into Treasuries and managed by the gov.
Time is accelerating. If you do not have a warp drive chronometer, you will be wondering why things are happening so fast. Time exists so that ecerything does not happen at once.
k-os is going to the gym today?Quote:
Originally Posted by k-os
Dow futures -207.00
And The Market Selloff Continues After Hours
http://www.businessinsider.com/and-t...#ixzz0otA3FLmfQuote:
Apparently the final several minutes of the day wasn't a long enough period to get in all the selling folks wanted to do.
As you can see, the new bear market continues after hours.
For a wrapup of what happened during the US trading day, see here.
http://static.businessinsider.com/im...0200/chart.png
Just repeating this post here for the record.
9791.56 -275.01 -2.73%
As predicted. Now let's see the PPT scramble.
I bet it closes above -30.00Quote:
Originally Posted by MNeagle
Looks like the PPT is trying to "rescue" the stock market......Down "only" 199 points according to CNN-Money.com.
uncle sam will step in and save the day ... our money at work for them
And notice how gold is steady, just under 1200. They can't let it go above that!
They need a lower market to hide price inflation of essentials (food, energy, etc) and price deflation of non-essentials.
Keeps the game going longer.
Keeps the dollar up.
It's all about capital destruction.
A lower market is a roundabout (and not-so-effective) means of devaluing the currency via velocity in the bond market and a means of revaluing real goods and services.
Moreover, it's capital destruction from a low- and no-interest rate policy.
This is where the monetarists got it wrong. You can't inflate that which is exhausted. See Hypertiger for further details.
The bond market feasts due to a lack of risk (QE, bailouts, etc), while commodities and equities suffer, due to greater risk.
But the bond market is still part of the sinking ship.
Capital destruction is inevitable, and the current interest rate policy is exacerbating it, and that's what we're witnessing.
It's going DOWn!
How did you know? :DQuote:
Originally Posted by randymatt
Nicely done, Carbon. -22.82Quote:
Originally Posted by Carbon
BTW, I lied about going to the gym. I went to the beach and walked. I thought it would have the same effect. Now I know.
Quote:
Originally Posted by Carbon
ding ding ding!!! We have a winner!
10043.67 -22.90 -0.23%
Great job Carbon!
The bankers got to have their pound of flesh, you pay for it at the gym, the rest at the stock exchange... :banrastaQuote:
Originally Posted by k-os
Nice. They can have up to 10-15 lbs of flesh. And that's all!Quote:
Originally Posted by Neuro
Dow ends worst May in 70 years
NEW YORK (CNNMoney.com) -- Stocks cut losses but finished in the red Friday, ending a dismal month that saw the Dow Jones industrials suffer their worst May in 70 years, after a downgrade of Spain's debt reminded investors that Europe's economic woes continue.
The Dow Jones industrial average (INDU) lost 122 points, or 1.2%, after having been down as much as 186 points earlier in the session. The S&P 500 index (SPX) fell 14 points, or 1.2%, and the Nasdaq composite (COMP) dropped 21 points, or 0.9%.
more: http://money.cnn.com/2010/05/28/mark...+%28Markets%29
After only 5 minutes:
10091.06 -164.22 -1.60%
PPT will be busy today.
G'morning plungers!
Dow now Down 186 points. Getting close to 10k, a weak week finish below 10k would make the next week weak to methinks!
-234.36 (-2.29%) now, and I didn't even go to the gym today.
and gold is up...not so much in $, but nearly 2% in €:
[img width=600 height=380]http://goldprice.org/charts/gold_3d_b_o_EUR.png[/img]
Dow 9,930.31 -324.97 -3.17%