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Thread: Tracking the DOW PLUNGE!!!

  1. #191
    Iridium
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    Re: Tracking the DOW PLUNGE!!!

    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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  2. #192
    Dangerous Donald Neuro's Avatar
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    Re: Tracking the DOW PLUNGE!!!

    Damn it I have a hard time being excited about this plunge, now...
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  3. #193
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    Re: Tracking the DOW PLUNGE!!!

    http://www.finviz.com/image.ashx?dow...17399717968750

    12,347.28 -164.76 -1.32%

    Not even 5 minutes open!
    But they that wait upon the LORD shall renew their strength; they shall mount up with wings as eagles; they shall run, and not be weary; and they shall walk, and not faint - Isaiah 40:31

    Keep on asking, and you will receive what you ask for. Keep on seeking, and you will find. Keep on knocking, and the door will be opened to you. ~
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  4. #194
    Iridium Spectrism's Avatar
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    Re: Tracking the DOW PLUNGE!!!

    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.
    SPECTRISM time countdown2025

  5. #195
    Unobtanium gunDriller's Avatar
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    Re: Tracking the DOW PLUNGE!!!

    Quote Originally Posted by Neuro
    Damn it I have a hard time being excited about this plunge, now...
    true. these 1% drops are a little boring.

    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.
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  6. #196
    Iridium
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    But they that wait upon the LORD shall renew their strength; they shall mount up with wings as eagles; they shall run, and not be weary; and they shall walk, and not faint - Isaiah 40:31

    Keep on asking, and you will receive what you ask for. Keep on seeking, and you will find. Keep on knocking, and the door will be opened to you. ~
    Matthew 7:7


    geoengineeringwatch.org

  7. #197
    Iridium Spectrism's Avatar
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    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.
    SPECTRISM time countdown2025

  8. #198
    Dangerous Donald Neuro's Avatar
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    Quote Originally Posted by MNeagle View Post
    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.

    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!

  9. #199
    Unobtanium osoab's Avatar
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    ES Volume Surges At Close As $3.3 Billion Sale Hits The Tape


    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.
    That will move the market.
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  10. #200
    Silver Jersey Thursday's Avatar
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    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.

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