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...
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
Gold up 1.8% and climbing. http://www.kitco.com/charts/livegold.html
Most Asian markets dropped ranging from 1-3% at open, and have been stable since.
There is a limit to how far things will fall, there is too much strength still in the US economy. Of course I still believe in the Easter Bunny.
Gold is at $1697 up over $30
I went to my local coin dealer yesterday and he told me people were lined up outside his door when he got there in the morning.
He had a lot of stuff when I went there last week but he sold out and all he had left by the time I got there was a old scratched up Ag Eagle.
Don’t worry about a thing, They are gonna Print enough Money to make everybody a Millionaire.
why are posting such a panic ridden title.
the updated mini dow is lokking better .
No problem. The G7 is going to prop your currency high, until there’s no manufacturing job left in the whole USA.
CNBC guest just said it is a time to buy quality companies and the 30 year bond is less appealing, confirming to me that 9000 level is about right and the 30 year bond isn’t so appealing. I’m still of the opinion bond selling may be the highlight of the day. I’d bet Geithner don’t stay, their(Democrats and Media) are all just playing games on the Republicans to make them look bad and distract from the real problem, fundamentally ill economic budgeting, over-regulation, and their tax increase plan.
Good luck all yo silly people that continue to invest! We have reached our limit....