Posted on 10/31/2009 2:16:47 PM PDT by blam
Stocks Get Spooked
By Elizabeth Trotta
10/31/09 - 02:56 PM EDT
NEW YORK (TheStreet) -- Volatility spiked, and a strengthening dollar, compounded with a soft consumer spending report and sustainability fears, made for a dreary close to the month and what one observer called "a precarious position." October held true to its reputation as a bad month for stocks: The Dow Jones Industrial Average edged up less than one half of a point; the S&P 500 lost just less than 2%; and the Nasdaq fell 3.6%.
Much of those losses materialized Friday. The Dow lost 249.85 points, or 2.5%, to 9709, while the S&P 500 fell 29.93 points, or 2.8%, to 1036.18. The Nasdaq plunged 52.44 points, or 2.6%, to 2045.11.
Perhaps appropriate for the day before Halloween, the CBOE volatility index, considered a reading on fear in the market, rose 24% to above 30.
[snip]
Blah, blah, blah. You folks need to read my posts about the market. I’ve been VERY right recently. Told you the government is not going to let the market go down at this time. It will recover and the DOW should be above 10,000 by the middle of November and around 10,200 just before Christmas.
You see, we have too little government control of our economy and not enough printing press workers to maintain economic vigor.
It's Bush's fault.
Now can we move on and prosper? /s
No faith in a "FREE MARKET" system have you?
Or are you thinking with a wishful slant?
No faith in a "FREE MARKET" system have you?
Or are you thinking with a wishful slant?
I’ll believe that the markets will not support what is going on when I SEE it, not before.
What is your vision?
Is your reasoning that “confidence” can be boosted by the Dow average? If so, it is like the gov’t is practicing “sympathetic” magic.
parsy, who has been under a few hexes
You best get ready for it.
Okay, thanks.
A second opinion:
I think this was strictly a profit-taking pullback. Stocks were oversold in March, and they had swung to overbought by September. Naturally, traders are going to lock in profits.
And your credentials are what, where?...oh, you’ve been very right RECENTLY...
How about before “recently.?”
Folks here need to make their own decisions about the market. Taking action because someone posts here claiming they are right and you should listen to them is just plain STUPID.
yeah...blah, blah, blah...
Right before Enron tanked completely...I went onto their forums and witnessed Enron bots assuring people that everything was just fine and dandy and to keep investing in Enron, not to panic. I knew it was BS then. And I damn sure know BS now when I hear or see it.
No....the grim reality that nobody wants to think about is that America is going into an even “greater” depression. One that has been orchestrated and deliberately contrived by leftists/communists that intend on not just transforming America into socialism, but taking over completely....finally. Their long worked-for goals achieved.
Pitchfork time....YET????? If not now, WHEN????
Once we can get the FED Audited and then abolished, the Market will probably crash again . . . but when it recovers, it will be a true FREE MARKET recovery, not a Central Banking Oligarchy Created recovery.
The Banking Cartel created the bear and the bull market and the Banking Cartel can them take away. Until WE THE PEOPLE abolish them, the Banking Cartel. Oh, we will. The Committee may have Gutted Ron Paul’s Audit the Fed Bill, but it’ll be introduced again after the 2010 Elections and it WILL pass as written.
My credentials? LOL. People with supposedly much better credentials than mine got us into this mess. ROFL. Any guy on the street almost can tell you how to solve some of these problems better than the “credentialed” people in Washington and on Wall Street. At least the guy on the street has a chance of being honest. Tell me another joke.
Tell you another joke?
NO...You didn’t answer my original questions, so I will assume you have NO credentials: and as such, might I suggest AGAIN it may not the best idea in the World to be encouraging people here to follow your investing advice...most folks here probably know well enough to do their own DD, and make their own decisions, but there also might be a few inexperienced investors here who are influenced by your “horn-tooting” and large sense of self importance; perhaps later with very poor results
The real joke is self-professed, internet investment “experts.”
Yeah, I know...you are on a hot streak and “know it all.”
That IS funny.
Blah, blah, blah. You folks need to read my posts about the market. I’ve been VERY right recentlyAnd pickled?
Just tonight or???
Were you to tell the way to go,
those who read would surely know.
But all you do is talk of gloom,
when markets rise and show a bloom.
Now ‘Bama will hold up the number,
while the sheeple stupefied slumber.
His minions firmly in control,
inflation comes fin says the troll.
You've been had, the truth is hidden,
but you've responded as you've been bidden.
Things are far worse than people know,
But now it's time for me to go.
In other words...the entire nation and economy are on the precipice. It is informative to see arguments to contend with what the MSM report in support of this present historically dangerous government. Less name-calling and more information is needed.
Being married to a bias in the market and chest-thumping over a few isolated successes are the hallmarks of inexperienced trader.
Ok...just keep NOT answering my questions. I hope you trade better than you can write poetry.
Only they got rich over this 'mess'.
Well, for the week I am right. The government is not at present going to let the markets fall.
Me too. Went shopping this week! Picked up some great buys.
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