DOW.......Down 253.81 as of 3:19 PM.
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DOW.......Down 253.81 as of 3:19 PM.
It does this all the time. For decades.
I'll be waiting for a real plunge.
In the last 10 years, the S&P is down about 25%, while gold is up about 300%. In real money (gold) terms, the plunge HAS been spectacular.
http://www.finviz.com/image.ashx?dow...66903612301624
Bump for today's plunge.
I've been so busy juggling plans and work and life (and of course, my time here), that I forget about the market. Even though I post here multiple times a day, I go many days without checking the price of metals. ???Quote:
Originally Posted by MNeagle
The plunge is off to a decent start.........
DOW......Down 136 as of 11:19 AM EST.
DOW............Down 198.59 as of 10:38 AM
Massive head & shoulders in the making. Now we drop to under 9800 on the DOW (1050 SPX).
1970 I was going to bump this thread it's down -206 now. I wasn't expecting to see this because the Nikkei 225 took a bath at -258 yesterday, and when the Nikkei goes down the DOW always does something unexpected, and rarely follows the same course. ;)Quote:
Originally Posted by 1970 silver art
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.
The technicals and fundamentals say this market will crash. The problem, though, is that this market is not free. It is manipulated by the PPT via various brokers like Goldman Sachs.
Also, the printing of money (federal reserve taking paper in exchange for FRN paper) has gone beyond previous lines in the sand. Either the system implodes or they pump money into key visibilty influencers, like market pumpers. The supply of new money will hit the co-conspirators first and then trickle through the market as the dollar devalues.
It is possible for us to see the market rally in terms of dollars, while being absolutely worthless.
Let's see the battle to keep the Dow above 10K this week:
http://www.finviz.com/image.ashx?dow...82406885687500
1,030.
i'm expecting some miracle at 2:45, and we'll close up 250! :oo-->
It was there for a milesecond!!
9996.18 -178.23 -1.75%
http://www.youtube.com/watch?v=Z_rShZA_IjE
http://www.youtube.com/watch?v=LZuJqrcwrEU
Tony Robbins is crashing the Stock Market with his doomer warning...lol.
:D
The fall season is approaching I wouldn't be surprised if we saw DOW:Gold below 5 by December
Goodbye Dow 12K:
http://www.finviz.com/image.ashx?dow...18172647873750
Note for archives: Egypt unrest in the second day.
I think the PPT has made it clear that they can stuff this market up with printed FRNs until the end of the world. There is no "free market" to it at all. Everything is controlled. So, if it crashes, it crashes BECAUSE they want it to. They are thieving bastards.
BTFD!
i see silver and gold up today ...
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 doesnt bode well for PM prices either.