Posted on 08/07/2011 6:32:02 PM PDT by Beckett08
pre-market data.
(Excerpt) Read more at cnbc.com ...
This nothing. Wait ‘til Tuesday gets here.
Don’t sweat it. It’ll sell off at first, but I think it will be back to par by 2 pm.
G7 statement which basically says plunge protection team just went global
For some reason I think Tuesday will be worse too...
Nah Wednesday will be the bad day
There’s been a Black Monday, a Black Tuesday, a Black Thursday and a Black Friday and sometimes more than one.
But there’s never ever been a Black Wednesday, so we are due
I didn’t expect much more than a 9000 level with a Democrat in the white house, so even if it drops to 7000 it ain’t a complete surprise here. QE1, QE2 were just an artificial prop anyhow. I think the surprise is the bond holders that thought they had a safe investment, and trying to sell off downgraded bonds over the week-end isn’t easy, and come morning there could be a lot of cash coming out of bonds.
I’m not worried, as I’m fully diversified.
I own gold *and* silver.
11444.61 11187.0 -215.00 11392.61 11187.0 -205.61
Down 200+ looks promising.
ObamaDownGrade
Prolly talking about what I call a “check-mark” type of market day, dip (possibly BIG dip) then rally but there is no good way to know whether the tail will bring it up past where it closed Friday (eg; whether we’ll end green on the day as we did Friday) This is not for the faint of heart. Or if you’re one of those extremists who like to preserve your money, that would be another strike against current market conditions.
They'll take the futures traders money and let the market fall on Tuesday
So you must be a gazillianair.
Gold up 1.8% and climbing. http://www.kitco.com/charts/livegold.html
I think you might be right. Australia, NZ and the NIKKEI are down, but it’s actually not that bad so far. The initial sell-off was not good, but not Armageddon and it’s recovering fast.
M’thinks that US stock market will follow this trend. A steep sell-off, with an uptick by 2PM. Down by 1-1.5% at the closing bell.
I know that sounds bad, but we’ve weathered much worse.
That is sooooo funny.
Same logic as picking the horse with a name that relates to you.
Hey, I picked BigBadBill at the track last night and won $28.60. It worked.
Why are they called "Black"? I thought "Black" meant operating at a profit? Shouldn't days of big losses on the stock market be "Red" days?
Naw, I don't really expect an answer. It just seems like odd terminology to me.
Most Asian markets dropped ranging from 1-3% at open, and have been stable since.
Black is much more ominous, as in dark days...
The “risk currencies” like the Aussie Dollar are rebounding tonight as well. This is a positive sign for the equity markets.
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