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Relentless Bleeding in Equity Markets: Dow Falls Below 6,700

Submitted by Michael Nystrom on Thu, 03/05/2009 - 14:04

Economy

See International Indicies Here

Contrary indicators

Submitted by Jive_Dadson on Wed, 08/05/2009 - 22:19. Permalink

This "Relentless Bleeding" headline appeared on DP the very day before the bottom of the bottom. "Blood in the streets," as the saying goes. The market rallied 50% in record time.

Now sentiment has reversed. My mom recently lamented about all the money she was not making, because she's not in the market, and said she was thinking of signing up for a stock tout newsletter. Friends are asking me if the recession is over. Bullish sentiment indicators are almost as high as they were at the all time top.

WATCH OUT BELOW!

I mainly watch the S&P, and...

Submitted by GunTrapTanDaddy on Wed, 08/05/2009 - 22:01. Permalink

we are at a 1 year resistance level. It will be interesting to see if it breaks thru or not. If you want to check it out- click below.

http://www.bloomberg.com/apps/cbuilder?ticker1=SPX%3AIND

Click on the 1 year chart, and you will see.

Get ready for a retest of the lows ...

Submitted by obscure titles on Mon, 07/06/2009 - 20:19. Permalink

as a hedge, play inflation ...

gold ...

treasuries ...

but make no mistake about it ...

there is very little upside to the domestic equity markets during the fouth quarter of this year.

If you need convincing just picture the retail spin that is going to happen just prior to and during the beginning of the Christmas shopping season.

The market will have nothing of it. The players will be laughing all the way to the bank shorting this market in the fourth quarter.

This is strictly speculation on my part, but I am pretty confident about it.

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

—

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

Oops.

Submitted by Jive_Dadson on Wed, 08/05/2009 - 22:19. Permalink

Oops. I accidentally responded to an ancient post. Sorry about that.

I have been on the sideline for several weeks ...

Submitted by obscure titles on Wed, 08/05/2009 - 21:01. Permalink

Now is the time to build your short position.

Be patient and only buy short on the spikes.

My prediction is that the fourth quarter is going to be nothing short of UGLY and I am going to stick with that prediction. Lock it in.

Read through this thread if you are new. My speculation pot won't break even until roughly 825 S & P, so, if you aren't keeping score, I have been wrong a bit over the past two quarters.

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

—

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

Hey rhino, Check out the

Submitted by john2k on Wed, 08/05/2009 - 21:15. Permalink

Hey rhino,

Check out the following thread when you have a moment: http://www.dailypaul.com/node/102100

Specifically the following from the first post:

Didn't somebody on this forum predict this would be happening soon all over the U.S. ?

I think they were referring to your post predicting the eventual insolvency of a bunch of States, but I couldn't find a link to where you posted about that.

—

...

Here ... That is the "Last shoe" thread.

Submitted by obscure titles on Wed, 08/05/2009 - 21:20. Permalink

http://www.dailypaul.com/node/67968

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

—

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

Today's Business News articles;

Submitted by SoggyBottomBoy on Thu, 04/23/2009 - 16:51. Permalink

U.S. Is Said to Prepare Filing for Chrysler Bankruptcy
.
Home sales fell in March...
.
Jobless claims rise more than expected...
.
AMEX Profit Drops 58% as Defaults Rise, Consumers Cut Spending...
.
GE shareholders outraged over MSNBC bias; Microphone cut off...
.
Stocks pulled higher in late trading Thursday;
The Dow Jones Industrials rose 70.49 points, or 0.9%, to end at 7957.06
.
.
Which one dosen't fit?
..

At first splash of Eden we race down to the sea,
standing there on Freedom's Shore....

—

What can be said of a people who would sell their own children into slavery, using the rational that it is to protect their freedom?

DOW 4200

Submitted by VoteRonPaul on Thu, 04/23/2009 - 05:52. Permalink

All of my reading puts a low in towards 4200. Possibly between April 19th and mid July 2009.

At which point there will be an L shaped recovery as opposed to V shaped.

Whilst it is correct the true bottom is between 1200-1400 we will only see it in inflationary numbers. The likely end to this bear market will be in Sept/Oct 2010 if we measure the length of the 1929 market and align it with the peak in 2007.

The rally went a lot higher and a little longer than ...

Submitted by obscure titles on Mon, 04/20/2009 - 18:12. Permalink

I expected and it is still up in the air as to what will happen prior to October.

It broke through several resistance points.

Originally I speculated that we would retest the lows three more times before an expected October slide into new lows. It looks like it will only be twice at the most and if there is a rally off this slide, it may only be once more.

Once again for those that haven't been following this ...

My long term horizon is quarter to quarter and then I play a little from week to week.

The play money goes long when the S & P dips below 700 and goes short when the S & P goes over 800. The financials will get the big moves. Specifically UYG long and SKF short. Be careful playing the SKF on the short side, there are some proposals out there to limit short selling which would devastate the SKF. You can always short the market by playing PM or if you have the ability to specifically short an equity.

My predictions on the financials that will buck the trend and may rally on the slides was MS, GE, and Bank of Am. and maybe Wells.

I think retail is going to start sliding hard, good opportunity to short retail. SZK is a play here.

The tech sector is set to slide harder than the the market as a whole. There are plenty of short plays in tech. Do a little research.

I start breaking even when the S & P drops below about 825 in the play account.

In my long term account I have been long since early March and will not go short until September some time.

The daily news put out by the central banks and the treasury tend to dictate the market moves. And we are now starting to see sell offs on any news, which is a tell tale sign of a retest of the lows.

Once again, in your play money start shifting from short to long as the S & P approaches 700.

More to come.

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

—

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

Time to dollar cost average your long position to a short ...

Submitted by obscure titles on Wed, 06/10/2009 - 16:15. Permalink

position ...

Please read my post above and all my posts below to gain a full perspective of how to play this market.

My "long term investments" have been long since March, now it is time for a shift.

This is a few months earlier and at least 3 cycles earlier than I had predicted, but do not be long come October. UNDER ANY CIRCUMSTANCES.

My play money has been short about S & P 825 (That is my break even point approx.)

Be careful about playing the ETFs especially regarding the financial industry. The SKFs of this world are going to get legislated out of business.

If you have a relationship with your broker and you are able to short individual stocks then I would go financials all the way.

Also, if you don't have such a luxury, the ETFs that short other areas of the market will see a lag time with repect to be rendered illegal. So pick some short tech etfs, and play the ETFs that track the bond market. The yeilds on bonds will skyrocket as the financial industry tests the lows of March.

God Bless and good luck.

P.S. Anytime you short the market, pay very close attention to the daily PR from the PWGFM.

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

—

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

Jim Rodgers

Submitted by quiltingsando on Wed, 06/10/2009 - 16:20. Permalink

said just the opposite. He said he had no shorts just longs.

—

Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.

We shall see come October.

Submitted by obscure titles on Wed, 06/10/2009 - 17:37. Permalink

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

—

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

Holy crap.

Submitted by Devon_Saunders on Mon, 04/20/2009 - 18:21. Permalink

You and I have had our differences on a topic or two... but I have to say that you are spot-on on your thoughts here.

I think mark-to-market will inflate the financials for a short time, with thier inevitable downslide end of 3rd quarter. I'm iffy on BoA tho.

Everything else exactly as you said... it will be grouped as horrible and not so horrible.

I know commodities are a crapshoot because of circumstances.. but what do you think?

—

~Live life to its fullest, with an open heart, open arms and most important... an open mind~

Mark to market is actually one of the causes of the ...

Submitted by obscure titles on Thu, 04/23/2009 - 04:58. Permalink

slide. I say let them do their accounting however they want and let the market decide its validity. Of course fraud should be prosecuted and all accounting should be 100% transparent if the company is a public company and traded on a public exchange.

In reality there should be hundreds of public exchanges within the U.S., each having their own rules. (privately created rules by the private owners of the exchange.) And let them battle it out for business. This will create an incentive for 100% transparency. At least for those companies that are not smoke and mirrors and have sustainable business models.

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

—

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

Perhaps actual numbers shouldn't be put in topic titles

Submitted by samadamscw on Tue, 04/07/2009 - 22:01. Permalink

when a direct feed link is used for charts. The title reads below 6700 and the chart reads 7789. I realize the article was posted back on March 5th. And this also puzzles me as to why someone resurrected it on April 7th when those numbers are ancient history.

It still could go either way ...

Submitted by obscure titles on Tue, 04/07/2009 - 21:16. Permalink

The next 2 days will explain alot.

I put the day trade fun tickets on the short side. (As you can see by reading my posts below.)

I will say this ...

It has been 18 months since I have been wrong about a micro cycle.

That could mean I am due for one or it could mean that I have figured out the technical trends in this highly volitile market that trades more on technical data and government decisions.

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

—

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

damn, I was hoping for 8K so I could...

Submitted by LastAmericanStanding on Mon, 03/30/2009 - 13:21. Permalink

...roll out of my IRA with something other than pocket change.

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...

I look fgorn the suckers

Submitted by SIERRAHPBT on Tue, 04/07/2009 - 22:33. Permalink

I look for the suckers rally to hit between 9700 and 11000.. then at some point there it's bombs away.. down to 4000

"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

—

"Ineptocracy: a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed are rewarded with goods and services paid for by the confisc

The slide is coming...

Submitted by usndoc1964 on Fri, 03/27/2009 - 21:04. Permalink

Look for some interesting numbers over the next 3 to 4 weeks :

Dow 6,500
Nasdaq 1,100
S & P 550 - 600

Like the G20?

Submitted by resistance on Tue, 03/31/2009 - 14:31. Permalink

Like the G20?

This is INDEED it, AIPAC vs Department of Justice: Part 2

Submitted by SimpleSam on Fri, 03/27/2009 - 14:31. Permalink

Here we go!

AIPAC: American Israel Public Affairs Committee
vs.
Department of Justice

Round two this time without the support of the Jewish community or American public.

"In 2008 the release of formerly secret internal Department of Justice documents revealed that the DOJ ordered AIPAC's parent organization to register as the foreign agent of an Israeli principal in 1962. After three years of behind the scenes pressure and lobbying the DOJ acquiesced to pressure that the foreign agent registration be heavily redacted and filed in secret, an unprecedented exception in the history of public Foreign Agent Registration Act (FARA: undefined, undefined, undefined%) filings. The 1938 FARA protects American citizens and Congress from foreign funded stealth lobbying.

Shutting down the current US v Rosen and Weissman case before it goes to trial would similarly short circuit rule of law in the United States. Only a public trial can reveal whether AIPAC lobbyists crossed a red line in their advocacy activities. An open trial may reveal whether there was an effort to leverage classified information into US military action against Iran, or whether mainstream media and the public are manipulated by lobbyists selectively trafficking secrets.

"Quietly folding this prosecution would promote a growing perception across America that some organizations and individuals are free to break the law with impunity, at great cost to law abiding citizens." said IRmep Director Grant F. Smith. "Based upon the alleged activities raised by the indictment our supporters from 37 states urge the Department of Justice to proceed to trial. Doing otherwise could have grave consequences for governance in America."

Reporters seeking background about the current AIPAC espionage case or the 1962 foreign agent registration episode may consult case files online at http://www.irmep.org/ila.

The Israel Lobby Archive, http://IRmep.org/ila/fta is a unit of the Institute for Research: Middle Eastern Policy in Washington. The Archive digitizes declassified documents obtained through Freedom of Information Act filings with law enforcement, intelligence, and trade agencies. "
http://www.foxbusiness.com/story/citizens-group-urges-fair-t...

States ready to Rebel En Mass:
http://www.cnsnews.com/public/content/article.aspx?RsrcID=45680

Congress
vs.
Federal Reserve Bank

American People Fed Up with it, the whole Federal Reserve
http://market-ticker.org/archives/898-The-End-Game-Approache...

Watch because Round two IS STARTING UP FAST!!!

TY

Submitted by no2violence on Fri, 03/27/2009 - 14:16. Permalink

Thank You Michael, Rhino, and many others.

I think your financial input is very helpful for the likes of me. Although I only have a couple thousand bucks in CD's & mutual funds I am very thankful for your guys insight. I am trying to learn this stuff & I am so far behind the learning curve. My only hope is that somehow this market manages to function years from now.

It would be nice to spend a week or two with someone who knows the fundamentals of trading and go through the motions of executing trades and how they do their research. At least, this is something that I would like to teach my son in a few years.

So far, the single best advice I have heard yet is in regards to not using money you cant afford to lose. This makes me want to play it like a 'game'. Any game that can help me put food on the table is worthwhile to me :)

Cheers!!!

Find a broker where you can set up a money market ...

Submitted by obscure titles on Fri, 03/27/2009 - 14:45. Permalink

at which point you are permitted to have access to their software, where you can play the game for free. (Money markets are like savings accounts, but they actually earn more than traditional savings accounts so you really aren't losing anything with the exception of a slightly greater risk that your principle could go down in a collapse (but I think the government actually, just recently insured against a money market "breaking the buck")

Some companies allow this with only a few thousand dollars in that money market.

This is the best learning tool you can have along with the selfish thirst for knowledge that you have.

It won't take long for you to pick up on the technical trends of the market, about 6 months. (Don't get too detailed about the technical study, just notice the trends and be religious about spending an hour everynight analysing the trends.)

Then you have to be dilegent about watching and searching for business news on the macro level. (Go to Bloomberg and CNBC and read every article that they post, every single day, take notice about when the articles are posted and back date it by a few hours since it probably hit the street a few hours before they posted, and see how the charts reacted to the news.)

As you gain confidence, start playing with real money. Your broker will let you use your money market funds. (There is a cost for each trade so, as a rule of thumb, make a trade no less than $1000. But remember, just because $1000 is at risk a 10% shift up or down is rare in less than a month so don't panic.)

As you do your research you will begin to focus on a sector and then a particular stock or ETF and you will watch it like a hawk. As you become confident you will add to your portfolio.

There is one piece of advice that I always think is very important .... BE PATIENT. Be patient in choosing an action and be patient after your action. Let time re-enforce your confidence.

I wish you well. God Bless.

Note: As the market goes bullish, you will have to turn to a study of the fundementals, but that is a ways off. Just pay attention to the technicals and the broad scope of news to give you a macro perspective.

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

—

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

I'd use a Schwab account.

Submitted by duff on Thu, 04/02/2009 - 14:38. Permalink

I'd use a Schwab account.

.

Submitted by no2violence on Fri, 03/27/2009 - 20:11. Permalink

Thanks. Much appreciated. I hve been looking at this site recently:

http://www.achieverschoicequest.com/aboutacq/tabid/146/Defau...

Meggelsmann turned me on to this site. Seems legit, just dont wanna pay $7000 to learn how to trade money that I no longer have because I bought the course.

Ever heard of achieverschoicequest?