Stock Market about to tumble?

[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?

 

[tweakmm]

The dollar has been posting weak against the euro for years.

 

[IAteYourMother]

it's going to crash. Sell everything and move to Canada

 

[her209]

link

 

[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

 

[GTaudiophile]

ZOMG the sky just fell on my keyboard!

 

[Rock Hydra]

Better yet, just give it all to me.

 

[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.

 

[GTaudiophile]

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.

Solution? Pay people more. Real income has been pretty steady for a while now.

 

[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.

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...

 

[JS80]

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.

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...

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.

 

[Slew Foot]

You're starting to see the effects of the housing crash on other aspects of the US economy.

 

[JulesMaximus]

Originally posted by: GTaudiophile
ZOMG the sky just fell on my keyboard!

Fortunately the sky is made of air...

 

[ranmaniac]

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...

 

[FoBoT]

everyone is just saving up for a PS3

 

[IHateMyJob2004]

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?

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.

 

[IHateMyJob2004]

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

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.

 

[IHateMyJob2004]

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.

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...

Correction based on valuation.