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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

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

Here in CA, the voters passed a massive tax the rich increase, and 2/3 Dem majority in both houses so Prop 13 is likely toast. CA leads the nation.

This decline and many future declines are in our future.

Everyone I know is hunkering down, postponing spending decisions.

Deflation is a real possibility and few realize that deflation has its own multiplier effect. So a 1% contraction today means a 2% next year.

The market was reflecting optimism of having fiscal savvy executives.

21 posted on 11/08/2012 11:31:07 AM PST by cicero2k
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To: HiTech RedNeck
I’ve heard that most wall street investors are rich liberals. Let them eat Barack Obama cake.

Most wall street investors are 401k and pension holders.

22 posted on 11/08/2012 11:33:21 AM PST by P-Marlowe (There can be no Victory without a fight and no battle without wounds.)
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To: blam

Money going Galt.


23 posted on 11/08/2012 11:34:58 AM PST by dagogo redux (A whiff of primitive spirits in the air, harbingers of an impending descent into the feral.)
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To: blam

An Obamatron on facebook yesterday said the market drop had nothing to do with Hussein’s re-election. He said it was about Europe and Greece. If it continues, he and all the others will drop back to their “Bush’s fault” position.


24 posted on 11/08/2012 11:35:25 AM PST by Fu-fu2
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To: dagogo redux

You can fool people but you can’t fool money.


25 posted on 11/08/2012 11:40:16 AM PST by henkster (If you let them do it to you, you got yourself to blame.)
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To: henkster
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

Obviously the market is tanking on Obama's re-election. The first issue to be dealt with as a result of that is the tax hikes about to happen along with sequestration (the "fiscal cliff). After that will be other hurdles which I mentioned in my previous post.

26 posted on 11/08/2012 11:40:22 AM PST by what's up
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To: blam
Yesterday, I posted a screen shot of an "alert" that Fox News sent me - "Stocks Close Down Sharply" -- within a few minutes, a colleague of mine, and a HUGE Obama supporter, berated me, insisting that a 2% drop in the market was "nothing" and that Fox News was so "sensationalist."

Today, I saw a MarketWatch.com article, cleaning up after the mess, "Why Obama is Not Responsible for Yesterday's Sharp Sell-off"

It's clear to me how the propaganda and group-think worked in Hitler's Germany.

27 posted on 11/08/2012 11:48:02 AM PST by Lou L (Health "insurance" is NOT the same as health "care")
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To: Lou L

one thing for certain....when Barry goes to that great SDS Meeting in the sky his tombstone is gonna read, “NOT MY FAULT!”


28 posted on 11/08/2012 11:50:30 AM PST by Buckeye McFrog
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To: what's up

Under the theory that “perception is reality” in politics, the media cannot point to the re-election of 0bama as the reason for the DJIA drop. The “fiscal cliff only” narrative serves two purposes. First, it deflects negative karma from dear leader. Second, it sets up the attack on the GOP House.

The media have have mastered the tools of mass psychological manipulation. They got away with blatant bias and suceeded in keeping 0bama in power when he should have been defeated. They now recognize no restraint on their advancement of communism and stamping out all vestiges of conservatism, liberty, morality or faith. Make no mistake, they will do all they can to take down the House.

But don’t worry. We’ve got Boner. /s/


29 posted on 11/08/2012 11:58:24 AM PST by henkster (If you let them do it to you, you got yourself to blame.)
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To: Tzimisce
Strange - Wall Street backed liberal Democrats and their guys won....

Nothing strange about that at all.

Wall Street has done better under Obama than under any other first-term president in decades.

The Fed shovels cash to the banksters, the banskters use it to bubble the stock market, take their profits, and laugh at people who do real work for a living.

30 posted on 11/08/2012 12:00:14 PM PST by Age of Reason
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To: henkster

If the GOP was smart (yea, right!) they would simply state that they will vote ‘present’ & let the Dems do what they will. But at every stage of the collapse of our economy, they should point out: “This is what the Democrats have done.”

And keep on repeating it at every opportunity.


31 posted on 11/08/2012 12:09:39 PM PST by Twotone (Marte Et Clypeo)
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To: henkster
Under the theory that “perception is reality” in politics, the media cannot point to the re-election of 0bama as the reason for the DJIA drop.

Yes, they are using the "fiscal cliff" meme as a replacement for Obama's re-election.

That being said, the tax cut extension and sequestration are a first order of business and have a great impact on the economy. The markets will move over the next while according to how the negotiations proceed.

BTW...the name is "Boehner". He walked away from Obama when he proposed tax hikes last time and may very well do so again.

32 posted on 11/08/2012 12:12:17 PM PST by what's up
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To: blam

"What's the problem? I'll sign an Executive Order to increase the Stock Market averages, and appoint a Stock Market Czar to oversee things! Problem solved!"


33 posted on 11/08/2012 12:21:18 PM PST by COBOL2Java (The GOP-e said "Beat a Marxist with a Liberal!" What a colossal blunder.)
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To: Age of Reason
The Fed shovels cash to the banksters, the banskters use it to bubble the stock market, take their profits, and laugh at people who do real work for a living.

So very true. Yet libs keep hyping stats about the stock market without actually understanding what it actually reflects.

34 posted on 11/08/2012 12:29:46 PM PST by Cyropaedia ("Virtue cannot separate itself from reality without becoming a principal of evil...".)
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To: blam

“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. “

I’m having a hard time telling — is that an infantile comment, or is it simply puerile?


35 posted on 11/08/2012 12:35:48 PM PST by USFRIENDINVICTORIA
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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? Right towards the end of the segment.

Shortly after he advised a machine gun as a defensive investment.

Getting rid of Zero early would require a major change in the Senate — probably both in personnel and attitude.

36 posted on 11/08/2012 12:39:12 PM PST by cynwoody
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To: Twotone
....simply state that they will vote ‘present’ & let the Dems do what they will. But at every stage of the collapse of our economy, they should point out: “This is what the Democrats have done.” I have been saying the same thing.

I believe that elections DO far less than they REVEAL. What the 2012 election REVEALED is that 51% of the voting public has no idea how free markets or the real world works.

They think we live in some land of make believe where the good times never end, money just "appears" on your card every month, all lifestyles are morally equal, there is no such thing as a "bad" choice, the ends justify the means, etc....

The only thing that is going to change anything is for them to be given a lesson on where their ideology ultimately leads.

The only way to do that is to hand them the keys and let them drive......and buckle your seat belt ;)

37 posted on 11/08/2012 1:47:16 PM PST by nitzy (A just law will neither punish virtue nor reward vice.)
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To: blam

DJIA closed, off 121.41 today.


38 posted on 11/08/2012 2:51:35 PM PST by Roccus
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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? Right towards the end of the segment."

Yes, due to scandals/corruption.

39 posted on 11/08/2012 3:01:02 PM PST by blam
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To: Fu-fu2; Roccus
"An Obamatron on facebook yesterday said the market drop had nothing to do with Hussein’s re-election. He said it was about Europe and Greece."

Relax, Obama's Win Is Not Causing The Stock Market To Fall

Down 121 Today


40 posted on 11/08/2012 3:07:32 PM PST by blam
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