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OH NO: The Stock Market Is Tumbling Again, And It's Right On The Infamous 200-Day Moving Average
TBI ^ | 11-8-2012 | Joe Weisenthal

Posted on 11/08/2012 10:54:18 AM PST by blam

OH NO: The Stock Market Is Tumbling Again, And It's Right On The Infamous 200-Day Moving Average

Joe Weisenthal
November 8, 2012

Alert! The stock market is falling.

And the S&P is now right on its 200-day moving average (the red line in this chart) which some people see as an important "support" level.

If we break through it, some people might freak out.

From Stockcharts.com:

Stockcharts.com

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: bho44; bhoeconomy; djia; economy; election; recession; stocks; wallstreet
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1 posted on 11/08/2012 10:54:24 AM PST by blam
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To: blam

2 posted on 11/08/2012 10:56:04 AM PST by blam
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To: blam

The DJIA is down 66 as I post.

3 posted on 11/08/2012 10:57:59 AM PST by blam
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To: blam

It is not a terrorist attack nor is the re election of the one


4 posted on 11/08/2012 10:58:02 AM PST by al baby (Hi Mom)
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To: blam

Crash


5 posted on 11/08/2012 10:59:53 AM PST by scooby321 (AMS)
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To: blam

Should be no surprise to any Freeper.


6 posted on 11/08/2012 11:00:17 AM PST by gotribe (He's a mack-daddy http://www.youtube.com/watch?v=AV415yit7Zg)
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To: blam

Marc Faber, who has an excellent market forecasting record is predicting the S & P 500 will drop by 50% due to the re-election of the commie pretender in chief. Video can be found at Bloomberg.com.


7 posted on 11/08/2012 11:01:15 AM PST by jsh3180
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To: blam
In the next short while the market will be trading on the fiscal cliff, tax cut extension negotiations.

Daily news on the negotiations will drive levels.

After some kind of deal happens we still have Obamacare implementation and all kinds of goodies like potential new EPA regs to drive the market down.

8 posted on 11/08/2012 11:01:56 AM PST by what's up
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To: blam

Baghdad Bob told me it has nothing to do with Odopeo or his policies.


9 posted on 11/08/2012 11:04:47 AM PST by dforest
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To: jsh3180
"Marc Faber, who has an excellent market forecasting record is predicting the S & P 500 will drop by 50% due to the re-election of the commie pretender in chief. Video can be found at Bloomberg.com."

Yup. I Posted that yesterday.

MARC FABER: Obama Is A Disaster, The Stock Market Should Have Fallen 50%, And You Should Buy Yourself A Machine Gun

10 posted on 11/08/2012 11:05:01 AM PST by blam
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To: what's up

The fiscal cliff reason for market drop is the media’s narrative. The real reason the market is tanking is the re-election of 0bama. Business knows its screwed for four years. The media whores want people to think it’s the fiscal cliff to get the GOP House to cave to 0bama, Reid & Pelosi’s demands to significantly hike taxes while doing NOTHING about spending.

The media already has the two narratives ready to go:

“GOP House refuses to compromise; pushes America over fiscal cliff.”

or

“GOP House passes massive tax increases; middle class crushed.”

The “fiscal cliff” narrative on the stock market is meant to drive the next one about blaming the House for whichever disaster we get. It’s all part of the strategy of finishing the job in 2014 by turning the House democrat.


11 posted on 11/08/2012 11:08:22 AM PST by henkster (If you let them do it to you, you got yourself to blame.)
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To: blam

Quick - blame George Bush!

(reading Obama’s mind)


12 posted on 11/08/2012 11:13:05 AM PST by cvq3842 (Thanks for all responses, and flames, in advance.)
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To: blam; jsh3180

Did either of you here him say he didn’t think Zero will probably not make it through the full 4 years? Right towards the end of the segment.


13 posted on 11/08/2012 11:13:20 AM PST by Wilum (Never loaded a nuke I didn't like)
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To: blam

Strange - Wall Street backed liberal Democrats and their guys won....


14 posted on 11/08/2012 11:14:09 AM PST by Tzimisce (THIS SUCKS)
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To: henkster

I agree - that’s what they will try. And I would agree about the pessimism, or gloom, in the business community.


15 posted on 11/08/2012 11:15:08 AM PST by cvq3842 (Thanks for all responses, and flames, in advance.)
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To: blam
SELL!!!

Billy Ray Valentine: they're thinking, "Hey, we're losing all our damn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip! And my wife ain't gonna f... my wife ain't gonna make love to me if I got no money!" So they're panicking right now, they're screaming "SELL! SELL!" 'cos they don't wanna lose all their money, right? They're panicking out there right now, I can feel it.

16 posted on 11/08/2012 11:24:37 AM PST by P-Marlowe (There can be no Victory without a fight and no battle without wounds.)
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To: gotribe

Yep, I got out of the market over a year ago.


17 posted on 11/08/2012 11:24:58 AM PST by southernindymom
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To: P-Marlowe

I’ve heard that most wall street investors are rich liberals. Let them eat Barack Obama cake.


18 posted on 11/08/2012 11:25:54 AM PST by HiTech RedNeck (cat dog, cat dog, alone in the world is a little cat dog)
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To: blam

Aside from the Santa Claus crowd, eight of the ten wealthiest counties in the nation voted for Zero.
They made their bed.
They took a leak in it.
Now they get to sleep in it.


19 posted on 11/08/2012 11:27:03 AM PST by rfp1234
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To: Wilum
Did either of you here him say he didn’t think Zero will probably not make it through the full 4 years?

Resign over lack of sufficient adulation?
Impeached over Benghazi/Fast and Furious?
Unfortunate accident half an hour before Israeli attack on Iran begins?


20 posted on 11/08/2012 11:29:30 AM PST by Buckeye McFrog
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