Will The Dow Dip Below 10000 Today?

PoserIndex ^ | 8/24/2010 | Voice At PoserIndex

[ExxonPatrolUs]

Will The Dow Dip Below 10000 Today?

CNBC Shows Dow Futures Down, Moving Towards 10000. How low will it go today?

http://www.cnbc.com/id/17689937

[April Lexington]

It is my long held belief that markets go up. Then they go down. Then they go up. Then they go down...

[screaminsunshine]

Looks like it might. I was just watching CNBC and they are worried. The Housing report might not be good. The Yen is too strong and that is what started the Flash Crash.

[traderrob6]

You’re deep.

[E. Pluribus Unum]

If it goes below 10,000 buy quick because the response team will be pumping it back up.

Then sell.

[Red in Blue PA]

Under obama, they go down, then down, then down, then down, then down, then down, then down, then down, then down, then down, then down,

then up 10 points,

then down, then down, then down, then down, then down, then down, then down, then down, then down, then down, then down, then down, then down, then down, then down,

then up 4 points.

[mazda77]

The Housing report might not be good.

Might nothin' my dear Sunny. Right now, the Dow Futures show down 101 so the report must look like hell. Then again, the smoke and mirrors TARP money used to inflate the markets is gone and everyday investors are holding.

[Red Badger]

[screaminsunshine]

Probably a lot of people have the report ahead of time like the trading places movie and the crop report.

[Rational Thought]

All this talk about the housing report and how awful it’s going to be.

Let’s say the report comes out “unexpectedly” not as bad as the numbers which have been floated the last few days. Who knows? Maybe the market could rally.

[screaminsunshine]

Looks like it is heaeded to 6000.

[Red Badger]

Looks like it is headed to 1600..............................Pennsylvania Avenue..................

[massgopguy]

“This is the way the summer of recovery ends. This is the way the summer of recovery ends. This is the way the summer of recovery ends. Not with a bang, but with a whimper.”

[Farmer Dean]

Japanese broke through 9000 and the Germans dropped below 6000.Could be a bad day today.

[dblshot]

IMHO investors have been playing a weak hand for two years hoping the government will keep pouring money into the pot so they have a chance of coming out ahead. Eventually they will realize, despite the brokers cheering them on, that the game is done and it is time to fold. When they do it's over. They won't come back for a while. Problem is where do you put your capital? Property is so taxed it's hard to hold on to it. bonds? Pretty shaky these days. I suggest precious metals, especially if the metal is formed into high quality fire arms!

[screaminsunshine]

The ‘Roots’. Of all the problems.

[olrtex]

Here is what’s scaring me: everyone is saying that the Republicans will win enough seats in Congress to at least put the brakes on new socialist legislation, but that “news” is not enough to move the market upwards. I am concerned that the damage Obama has already done (and which will be hard to undo with Obama vetos looming) will continue to hurt the economy, and the market knows it all too well.

[mazda77]

Trading Places was the best ever. Some think we named our dog Mortimer after Don Ameche’s character. Not for Trading Places but for Carry Grant’s character in Arsenic and Old Lace. Mortimer Bruster.

[Varsity Flight]

Watch the price of oil/commodities. The price of oil and the “market” have not been de-coupled (yet).

The main “players” have already created backstops (govt. collusion), while the rest go job hunting.

[screaminsunshine]

I know. It was so funny. These reports the Traders hang on remind me of the movie.