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I still have a hard time believing that the lows of 08 won't be tested at some point. I always figured we'd get back to 10K on the dead cat bounce, but this seems long in the tooth. But what do I know, and what do I care, I will never buy a stock again.
Edit: What is a post here without numbers?
Dow 11,075.27 -92.05 -0.82%
It sure is long in the tooth. I would love to be able to see where the money came from and its flows.Quote:
Originally Posted by oldmansmith
The money is not likely to go into bonds so this has been one source... flight from bonds. If interest rates rise, some of the money could be enticed back to bonds.
Right now I am just waiting for the next bit of news that shakes the world. Multiple choice question.... pick as many as apply:
a) New major war breaks out threatening oil lanes
b) Major terrorist attack on US soil
c) Katla errupts shutting down air travel over Europe & Russia
d) Major earthquake hits Missouri and many fear Yellowstone to blow
e) The truth about derivatives is revealed to the world
f) People realize the money system is built on false confidence
g) Major political figure is assassinated
h) Spain, Portugal & Ireland default
i) North Korea sinks another South Korean ship
j) Obama fails to bow again to the premier of China
i agree. just as the oil spill in the gulf "forced" the POTUS to reinstitute the ban on offshore drilling, some other major event in the world will "put pressure" on the markets forcing the .gov to intervene in our best interests. and as your list shows, it could be any one of those events.
Wake up plungers! :P
DJIA 10897.90 -253.93 -2.28%
Quote:
Originally Posted by MNeagle
Actually crude is down, due to Greece concerns.
Apparently 1/3 of Greece's workforce are government employees.
And they're pissed that they're losing 2 of their free payed holiday months. Yes that's right some Greek state workers get payed for 14 months work.
The retirement age for women is going form 60 to 65,
And the national sales tax is going from 20 to 23 percent.
God I wonder what their income tax rate is.
Who knew the Greeks were so into Socialism.
The opening bell is about to ring. Agains stocks are DOWN. They have broken the neckline of the sloppy head & shoulders.
Hmmm.... will they bounce back? Fear is coming into the market big.
nikkei down 3.3%:
http://uk.ichart.yahoo.com/b?s=^N225
Looks like we may see another triple digit plunge today. one can only hope.
10,810.83 -57.29 (-0.53%)
Real-time: 10:58AM EDT
Dow 10,595.67 -272.45 -2.51%
Edit: 10 min later...
10,534.15 -333.97 -3.07%
Edit: 2min later...
Dow 10,456.61 -411.51 -3.79%