Posted on 03/10/2011 6:48:30 AM PST by blam
DOW OFF OVER 170, EVERYTHING GETTING CRUSHED
Joe Weisenthal
Mar. 10, 2011, 9:38 AM
There she goes.
Everything is getting crushed.
The Dow is off over 170.
Commodities hammered across the board.
The NASDAQ is off 1.7%.
Only Green Mountain Coffee Roasters appears to be up.
Oil is below $103.
Even silver is tanking!
(Excerpt) Read more at businessinsider.com ...
Well, maybe gas prices will go down.
Buy low, sell high..........
breathing in and breathing out...
So will it go up 170 in the afternoon?
Dow off 193.
Yeah, and the dollar is up nearly half a point. That ain’t gonna last for long. Looks like a dead cat bounce.
Yup. Once the government manipulators have settled in and done their work.
That's good.
But why would the dollar get stronger?
This is a job for the PPT. They must have had a hangover and are late.
The faint of heart are selling off and taking profits...Nervous Nellies.
Stay the course! :)
Old habits die hard and everyone rushes to perceived safety when things become volatile.
I did post this at 4:16 PM yesterday afternoon:
The Coming Rout (In Stocks, Bonds, Commodities and Precious Metals)
Correction to the overselling of the buck.
I read that this morning. From the article:
“The basic idea is this: The Fed has been dumping roughly $4 billion of thin-air money into the US markets each trading day since November 2010. The markets, all of them, are higher than they would be without this money. $4 billion per trading day is an enormous amount of money. It’s gigantic by historical standards. As soon as the QE program ends, the markets will have to subsist on a lot less money and liquidity, and the result is almost perfectly predictable.
Hello, downdraft.
The markets are quite substantially elevated due to the efforts of the Fed. T, and then some, is quite likely to be rapidly eliminated as soon as the QE program has ended.
It’s really that simple.”
OMG! We’re all gonna die!!!!
Take it easy out there. Markets fluctuate. :)
-Rex
Riiigggghttt!!
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