10,000 Dow broken,,,,will it close below 10,000? (- 800)
Posted October 6th, 2008 by doctor011
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-310
ABOVE 10,000 Can you believe this i bet 401 k's still lost 5-6%
- 800
! The market should have enough to push it back up at least 200 here
Doctor 011 has it right
Doctor 011 has it right ...Hang tough
weee
hold fast people
BIG deal I'm in it for the long haul anyway ...Today will take care of itself if you don't panic like they want you to ...REMEMBER proper stategy for investers.???BASIC advice
weee
740 points down
http://moneycentral.msn.com/detail/stock_quote?Symbol=$INDU
My guess that the
PPT brings it up by the end of the day. You see I didn't bet. LOL
P.M. Sell Off
For the past few weeks, it seems there's often a massive sell off in the afternoon, especially in the last hour.
Dow
Index Value: 9,761.32
Trade Time: 10:44AM ET 11/06/08
Change: Down 564.06 (5.46%)
Prev Close: 10,325.38
Open: 10,322.52
Down 550
(9780)
I wouldn't put anything past our government
No telling what little tricks they can use to manipulate markets. We all know about the plunge protection team, but it may be that they're about exhausted with this trick, especially now that it's so well known. Not too long ago, few people knew of it, until Ron Paul quizzed McCain on it in a public debate. That got more attention than they would have liked! They've already stopped short trades. What if they just "close" the market for national holidays, or declare, "by law" that stocks can only go up, with no down ticks allowed. Wouldn't surprise me one bit.
The way i see it ,, (bailout money)
That money will be used at the bottom to obtain as much wealth as posible . Since the government is driving this down they will be certain when the bottom is reached. Ask yourself why did they change circuit breaker levels to accomidate a major sell off?
I Wonder how many are kicking themselves for not voting Ron Paul
They Know We Risk Collapse - But WOW do they get it Wrong on whats needed to save things. -
"We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars."
I copied that out of the headline from a story on the drudge report - not one of those "wack job conspiracy sites" .....if only they had all been listening to what Ron Paul has been saying the past 30 years....which was only found on those "wack job conspiracy sites", and other alternative news sources....I know where I'll continue to get my information from...not the MSM !
http://www.telegraph.co.u...
“I believe that banking institutions are more dangerous to our liberties than standing armies. “ - Thomas Jefferson
How many? maybe 1% at most
They still believe neo-con politicians and neo-con media are better than liberal politicians and liberal media. In fact, they hope that the neo-cons will save them.
It's pretty pathetic how gullible humans are.
The more I see, the more I believe in Gary Null's seven personality types. The vast majority of people are strongly influenced by the personality type: Adaptive Supportive. People just adapt to their environment...their man-made environment and they naturally support any self-proclaimed 'lords' of that environment.
Our problem is that we keep trying to educate 'others'...in the hopes that they will assert themselves and go against the grain of society. I don't think that will work.
The Revolution got on the map because Ron Paul was on the MSM. The Revolution was derailed because the MSM *chose* to derail it via ignoring him and calling him a kook. The only reason the Revolution is still so strong is because Ron Paul is on neo-con shows and because of the internet media (YouTube and sites like DP).
I believe that we absolutely, positively, without-a-doubt, must put all our efforts into getting more and more market share in the media. We don't have to become snide, argumentative, deceitful, comical, rude, holier-than-thou, etc. as the present regime is using the media. In fact, before they get snide and comical, they first get an audience by saying how great the founding conservative principles are.
We are already doing that! We just need to get more marketshare in the media.
Just wait until the short
Just wait until the short sellers are allowed back, that's when there will be a real decline.
please explain
I haven't really read up on the whole "short selling" process, although I get the jist that it's overall unethical and screwing people.
It's not unethical. If you
It's not unethical. If you think a company is overvalued, you sell shares short, betting that the market will catch up and realize the problems in the company. Traders say this short selling process is an important part of the process for price discovery. This also helps bringing the market up and preventing a free fall when the short sellers have to cover their positions and buy back the shares when they are wrong and the shares start to go up. This helps distinguish companies with bad balance sheets. If you only use the information from brokers who make a market selling those equities you are getting a biased opinion. Many short sellers have been right about the terrible financials on bank balance sheets. If you only used the ratings agencies you would have lost a lot of money. The short sellers perform a necessary part of the market.
short selling
The main problem is with the naked shorts and eliminating the up tick rule. Prior to a year or so ago, you could only make a short sell when the stock had a rise from its previous trade. Now, large funds can sell unlimited amounts of shorts and drive the price of a stock down. Once it goes down so far, the herd mentality takes over and everyone starts dumping the stock. The original short sellers can make a bundle.
Thank you annieo!
appreciate the explanation..
Down 400
9925
I distinctly remember
several months back Ron Paul saying that it would some day soon break below ten thousand on its way to 9,000, on its way to 8000, and to 7000 if it gets really bad.
My wife who is a pharmacist, didn't think pharmaceutical companies would take a hit, so she went against my suggestions and put some money in Pfizer the Viagra people...... $1000 turned into $225 real quick..hahaha
What a ride!
Company names that become household names are a scam
It's simple pump and dump
They invest some money in a company.
Then they invest some money in getting that name into everyone's mind.
Then when people invest, they invest in what they think they know (what's in their brain already)...the household names.
Some celebrities do a similar thing by getting their name in trashy newspapers...they become a household name and boom, they become so popular, they can demand more money (Cruise, Spears, Hilton, etc.).
-1,000
I think we break that mark today.
Happiness is not a state of arrival, but a mode of travel.
Yep...
It will close below 10,000, and lower still tomorrow.
"It ain't what ya don't know that hurts ya. What really puts a hurtin' on ya, is what ya knows for sure, that just ain't so."
-600 to -900 is by guess for
-600 to -900 is by guess for the day
That's an awfully wide margin..
my guess is then..somewhere between -1 and -1000..LOL I just want to see it not break ten thousand again for a while...
while 600 - 900 is a wide
while 600 - 900 is a wide margin, I am not a stock guy, so I think that is a reasonable guesstimate.
ouch
and it's still early yet .
~Mikael / Peace, love, Light and unity ~