Posted on 10/17/2011 2:59:02 PM PDT by John W
NEW YORK (TheStreet) -- Stocks finished close to session lows Monday as continued uncertainty surrounding Europe's plans to address its debt crisis yanked the Dow Jones Industrial Average back into negative territory for the year.
The Dow Jones Industrial Average gave up gains from the previous session as it lost 248 points, or 1.9% to close at 11.397. On Friday, the Dow gained 166 points, which edged the blue-chip index into positive territory for 2011.
(Excerpt) Read more at thestreet.com ...
The market is nuts. Last week it had a huge rally based on essentially nothing. Europe mads some vague promises to fix it’s problem. It ain’t getting fixed.
With the destroyer in chief at the helm I'm surprised Wall Street even still exists.
Oh wait, he supports the groups trying to destroy it too!
When you have a “presentdent” and government that supports the destruction of the FREE MARKET and Marxism......
We may test the 10,500 lows...who knows?
But we'll be back up to higher levels before too long.
Big picture is Obama's continued failing means investors are getting in before the Repubs take the reins.
I’m still up over 11% for the year. Thank God IBM has been kicking butt.
“The market is nuts. Last week it had a huge rally based on essentially nothing.”
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As I have posted in the past, “It is no longer your father’s market”.
The market is now nothing but a computer game, run by fat cats like Soros, Buffet, and others.
They can sit at a computer and do the pump and dump all day long.
Nothing is based on reality.
The average investor of the past plays at great risk.
Based on what? The thought of Republicans winning the election?
That's a fine theory, except for the problem that the ENTIRE developed world is mired in a deflationary depression.
I don't think a few Republicans are going to turn that around anytime soon - especially since George Bush gave us the first absolutely enormous dose of deficit spending.
And, yes, I voted for the man.
LOL! Contemporary opinions about the markets fill my days with laughter. “Flight to safety” in the US dollar! Avoid “risk” in currencies of commodities net exporters! China’s been collapsing for over four years! LOL! It won’t be so funny, though, for the investors fleeced in the final play. It’s all going to be about resources.
The market has been seesawing for at least two years, on fumes (anything capable of sending out some smoke signals), while total fundamentals of the economy overall, in spite of SOME tepid growth, remain unchanged.
Nearly all the volume and volatility has come from many simply repositioning (back and forth) depending on the hyper-ventilated smoke of the week.
Obama speech today?
Agree.
The thought of Obama failing.
Anything's better than him. Even RINO's would roll back EPA mandates.
That alone is good for at least 2,000 DOW points.
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