Dow 9500 ... Where we go from here...

[JohnCU]

black friday is early this year

edit: spoke too soon

 

[JohnCU]

wow it's really coming back awesome

 

[mshan]

"Iceland collapsed. It was more of a hedge fund than a country, with it?s 200,000 population supporting a massive leveraged position in financial markets via risk loving bankers and financiers. There were approximately 200,000 British depositors in accounts offered by Icelandic banks. Local authorities (municipalities) and charities were also big investors, exposed for more than £700 million. As a result, the government has frozen Icelandic-owned assets in the United Kingdom ? using terrorism legislation, naturally ? to provide the basis for a partial recovery of the losses likely to be incurred."

http://londonbanker.blogspot.c...ulence-and-trends.html

Gotta wonder whether recent global sell off was triggered by really, really rich people that are worried about return of money, not any sort of return on money (replay of LEH cascade when hedge funds couldn't get their money out of Lehman's arm in England after bankruptcy was declared, which spiraled into AIG, which culminated in Black Wednesday in the credit markets).

 

[dmcowen674]

Bouncing back a bit

-200 8300

 

[RightIsWrong]

The bounce up is short sellers running it up so that they can crash it back down in the PM and make some real coin.

Hold on to your seats boys and girls, it will drop another 500+ by EOD.

 

[StageLeft]

Originally posted by: RightIsWrong
The bounce up is short sellers running it up so that they can crash it back down in the PM and make some real coin.

That doesn't make any sense.

 

[OS]

Originally posted by: RightIsWrong
The bounce up is short sellers running it up so that they can crash it back down in the PM and make some real coin.

Hold on to your seats boys and girls, it will drop another 500+ by EOD.

this blaming shorts is asinine, most of the selling last week or whatever was while shorts were BANNED.

shorts are a symptom, not the cause.

 

[JohnCU]

andd now it's up 45 points

 

[heyheybooboo]

Originally posted by: RightIsWrong
The bounce up is short sellers running it up so that they can crash it back down in the PM and make some real coin.

Hold on to your seats boys and girls, it will drop another 500+ by EOD.

Shorting is back on the table and is an element ....

But I think the PM sell-off is primarily based upon fund managers cashing out because people want their money in cash.

 

[RightIsWrong]

Originally posted by: Skoorb

Originally posted by: RightIsWrong
The bounce up is short sellers running it up so that they can crash it back down in the PM and make some real coin.

That doesn't make any sense.

It makes perfect sense.

1. Short seller(s) buy a couple hundred shares at a time and slowly the price rises.
2. Price hits their target mark
3. Short seller(s) "sells" tens of thousands of shares
4. Short seller(s) then continually puts that shares in 1. up for sell at lower and lower prices driving the price back down
5. Price finally reaches target on the bottom end
6. Buy to cover -- PROFIT

Originally posted by: OS

this blaming shorts is asinine, most of the selling last week or whatever was while shorts were BANNED.

shorts are a symptom, not the cause.

I'm not blaming the shorts entirely. However, your statements that short selling was banned in not entirely correct. It was only banned on 799 specific stocks. They still had thousands of other non-financial related stocks/sectors to choose from.

 

[jpeyton]

DOW 7000 baby, here we come!

 

[dmcowen674]

Back down deep again

11:35am -400 8100

 

[Cuda1447]

Gonna be below 8000 soon.

 

[dmcowen674]

Back down -500 8100 again

 

[ranmaniac]

8050.00

 

[Modelworks]

below 8000 and falling fast

speech by Paulson at 6:45PM est
I bet he is going to say more of the same, all is okay, we have a plan, give us more money !

 

[StageLeft]

Originally posted by: Modelworks
below 8000 and falling fast

speech by Paulson at 6:45PM est
I bet he is going to say more of the same, all is okay, we have a plan, give us more money !

That would be inline with my 9/25 prediction in my sig

 

[Nocturnal]

There's about an hour 45 mins left. I think there's a chance that we see it dip below 8000

 

[CyberDuck]

I'll creep out on a limb and predict that it will bounce back up to 10 000 again during next week. It will probably not break through.

 

[shira]

Originally posted by: CyberDuck
I'll creep out on a limb and predict that it will bounce back up to 10 000 again during next week. It will probably not break through.

There's no limb unless one's own A$$ is on the line.

 

[shira]

If the market repeats its pattern of the last few days, the last half hour today should be truly bad.

 

[Ferocious]

If this bear bottoms out where most bears do.......the DOW will be around 5000 in the next year or two. :Q

 

[Jawo]

Originally posted by: Nocturnal
There's about an hour 45 mins left. I think there's a chance that we see it dip below 8000

Well if it doesn't happen today it will happen Monday.

 

[StageLeft]

Originally posted by: shira
If the market repeats its pattern of the last few days, the last half hour today should be truly bad.

Or at least the last hour, that's when the magic happens. Let's watch.

 

[ranmaniac]

At least the heating oil prices are dropping, which is good news, but the bad news is that a lot of layoffs occur right around xmas time. Ho Ho Ho!