Posted on 10/15/2014 7:24:16 AM PDT by struggle
The Dow Jones is gonna be a wild ride today. It plunged and then came back. I think the dam is about to break.
Bittersweet. On one hand, I LOVE watching the crash under Obola. On the other hand, I’m watching my 401k drop, too.
I’m out, and have been since spring. When the Dow gets down to 11,000 or so, I’ll get back in. October has always been a bad month for the DJIA.
This afternoon will be interesting.
The institutional buyers (e.g., brokerages, big banks) usually do the bulk of their trading after lunch, and frequently after 3:00 PM; but they had to step-in early this morning and do a lot of buying to save Obama’s bacon.
Markets are down, but somewhat stable, right now. Wonder how much dough the Big Boys have left for the rest of the day.
Same here.
Can it be that the Ebola scare has finally awakened Wall Street to the asinine incompetence of the 0bama regime? Nah!
Plunge team overslept a bit, eh?
It's closer, but we're a ways off, is my guess. The bounces of last week and this week will continue for some time, gradually getting more extreme. The Feds are going to shovel out some more bogus economic numbers to combat this.
What the heck to I know, anyway? I stayed out of the market during the big run up because I was sure it would never last this long. Crapped up my retirement income by doing so.
But things are going to get a lot more unstable as time passes. When not if.
It’s approaching -200 again. I have a feeling if it dips below 16,000 another time it will plunge heavily!
In this case, poverty has its benefits.
One benefit is that Karma is coming around to catch the Wall Street crowd for their support of Democrats.
You know you don't have to stay invested in one type of fund, right?
The time to get out of the equity markets was months ago. Bonds, baby. I'm up on mine quite a bit.
Watch the media blame it on the impending win of the Republicans in November.
Dow has ebola fever.
Closing in on 16,000. -220.00
IMO, Obama had planned this for after the Republicans had won the election.
But like everything else he touches he SCROOOOOD it up.
But, but, but...why wasn’t sending troops to fight Ebola enough to restore confidence in the markets and prevent an economic hit at the polls in 2 weeks?
/s
This presents some good buying opportunities for smart investors.
Buy the dip. Fundamentals don’t support. Some good deals out there right now.
A lot of people will start to take money off the table..move to cash..this will crater prices..you could well see a 2,000 point drop from now to Election Day
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