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Stock Market about to tumble?

I

IntrinsicValue

Member
Dollar posted weak against the Euro. Dow down today 1.2%, Nasdaq down 2.1%.

Is the stock market about to take the dive many analysts have been predicting for a while now, or is this just typical profit-taking action?
 
I bet it's more about the forecast WalMart put out today about a slower holiday season than expected. The markets hate it when people don't spend money, especially during December.

EDIT: her209 beat me to it 😉
 
euro is up 20% the last 4 years vs the dollar yet the dow went up 40% in the same period.

But yes, I do think 2007 will be a bear market for stocks.
 
Originally posted by: slsmnaz
I bet it's more about the forecast WalMart put out today about a slower holiday season than expected. The markets hate it when people don't spend money, especially during December.
Click to expand...

Solution? Pay people more. Real income has been pretty steady for a while now.
 
Originally posted by: JS80
euro is up 20% the last 4 years vs the dollar yet the dow went up 40% in the same period.

But yes, I do think 2007 will be a bear market for stocks.
Click to expand...

Right, I'm just wondering - why at this particular point? Is the market over-bought, and now going through a period of correction? Or is this just typical holiday sell-off activity...
 
Originally posted by: IntrinsicValue
Originally posted by: JS80
euro is up 20% the last 4 years vs the dollar yet the dow went up 40% in the same period.

But yes, I do think 2007 will be a bear market for stocks.
Click to expand...

Right, I'm just wondering - why at this particular point? Is the market over-bought, and now going through a period of correction? Or is this just typical holiday sell-off activity...
Click to expand...

Every upcycle is met with a downcycle. I just personally think 2007 will be an economically weak year for the US until foreign investment into the US picks back up again.
 
I noticed there weren't as many people at the Malls as I would expect for a Black Friday weekend. There's only so many cheap bargains that can go around I guess...
 
Originally posted by: IntrinsicValue
Dollar posted weak against the Euro. Dow down today 1.2%, Nasdaq down 2.1%.

Is the stock market about to take the dive many analysts have been predicting for a while now, or is this just typical profit-taking action?
Click to expand...

I see the markets as overvalued by 10%-20%. Some bargains are out there ... but if the tide starts dropping ... so will those "undervalued" stocks.

I'm hoping for a pull back.

 
Originally posted by: slsmnaz
I bet it's more about the forecast WalMart put out today about a slower holiday season than expected. The markets hate it when people don't spend money, especially during December.

EDIT: her209 beat me to it 😉
Click to expand...

I thought the news was about last months sales or last quarters. To my knowledge, Wal-Mart did not release anything about this weekend's sales.
 
Originally posted by: IntrinsicValue
Originally posted by: JS80
euro is up 20% the last 4 years vs the dollar yet the dow went up 40% in the same period.

But yes, I do think 2007 will be a bear market for stocks.
Click to expand...

Right, I'm just wondering - why at this particular point? Is the market over-bought, and now going through a period of correction? Or is this just typical holiday sell-off activity...
Click to expand...

Correction based on valuation.
 
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