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So.... will the market close below 8K today?

Not far to go at this point. Already down over a hundred. Just above the 8K mark.

I'm a firm believer that we are being led to slaughter. This is being timed and choreographed for ultimate impact. Things will happen quickly after the inauguration. I expect sweeping anti-gun legislation. They just can't resist...in fact it has already begun. That will spark confrontation. Confrontation is reason enough for greater limits on personal freedom. They will provoke a response and then use the response as reason for future heavy-handed rule.

My feeling is, you may not recognize this country by spring. Of course, I'm just a crazy conspiracy theorist seeing a possible outcome... so take it with a grain of salt.



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I believe the market is being prepped to give

BO a big boost. I think it got ahead of it's self last week so the PPT sold it off only to have it rebound for the big BO bounce, which of course will make him look good.

I think we should do a Daily Paul market post everyday throughout the day and see if we patriots can't help each other!

I think you are right..

I think you are right.. there will be a bo honeymoon for 2 or 3 months then WHAM!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

Looks like they pulled it out of the toilet again!

Michael, I owe you a nickel.... you were right.

I may not know the truth, but I know when I'm being lied to...

I may not know the truth, but I know when I'm being lied to...

If there's money to be made, Wall Street and the PPT...

...will wring out every last nickel.

It's nice when you control the market direction. You can always make money.

I may not know the truth, but I know when I'm being lied to...

I may not know the truth, but I know when I'm being lied to...

Michael Nystrom's picture

Down only 36 Now

See my comment below: I said the market would close up today. Looking better and better.

Look for a huge up day tomorrow!

The market never makes it easy to make money.

He's the man.

See my comment below as well

As soon as we dipped below 8000, here comes the PPT. That's exactly what happened.

http://federalfallacy.com

Don't forget to tell everyone that oil is down 70% since July!

Is good news ok?

Unify

Praise Allah

For sending us Barry Sotoroeosoero. He wasn't even president and the price of oil dropped. His is mein savior. Mien Ceasar. Mein FUHRER!

there it goes

10 more points!

SteveMT's picture

"Plunge Protection Team" is hard at work today!! What is keeping

this market up? Is there manipulation or are there some "good stock picks" at bargain prices to buy today? Is anyone buying? What is going on?

We'll hit 8001

And watch it rocket up almost immediately.

http://federalfallacy.com

You called it, except that it dropped to

7995 before beginning the upturn!! It is now up to 8162 at 2:12pm est.

A woman came into my office

Said her and her husband had over 500k in 401k savings and had lost half of it. She educated us all to the fact that they had to leave the money where it was in order to get it back. It is truly scary how many people are losing their entire lives savings with this mind set. There was no talking her out of this strategy. It was just going to reappear some day like magic.

Another Obama supporter.

"Its easier to fool people than to convince them that they have been fooled."
Mark Twain

my father in law has lost a

my father in law has lost a cool MILLION! funny thing is he is 70 and can take it without any penalty!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

with that attitude

they deserve to loose it all. This is what has happened in the past downturns, but not this time

Here is the bigger question ...

At some point in the next month ...

The lows will be tested ...

Will they break out on the up side or the down side?

That certainty is worth a lot of money right now.

WAHOR!!
http://www.dailypaul.com/node/48994

8035 @ 10:45....

...not too much longer!

The symbolic signal of the 7K number is damaging in itself. It's a big difference between running in the 8K playground and the 7K playground.

I think it will send a signal to those still wondering that all they have done hasn't worked.

I may not know the truth, but I know when I'm being lied to...

I may not know the truth, but I know when I'm being lied to...

Michael Nystrom's picture

Options Expiration

is Tomorrow.

This is my predition, just for fun. I think the market will turn around today and close up, then we'll have a huge up day tomorrow, and into the inauguration.

Remember what happened the day after the election? Down like 5%. I think the real collapse will start after Obama takes office.

Anyway, just pure speculation on my part.

He's the man.

Volume on the downside has

Volume on the downside has been mild, so it appears to be unable to break lower. A strong move up is likely, or at least more likely than further near-term declines.

The commercial real estate market is a different animal that is showing pain.