Posted on 11/08/2007 6:25:59 AM PST by RSmithOpt
Which one is that?
Three-day weekend coming up.
In the Dow futures, significant damage has occurred. Expect the downtrend to continue. Use Fibonacci and 8ema entries for new shorts through the holidays.
Up.
Average investors haven’t dumped their holdings - only traders on WS and as I see it, as long as people invest in 401’s, IRA’s, etc. the money HAS to go somewhere, be invested in something and so the market will continue upwards with the occasional “buy now” hiccup.
But what do I know?
Desperate? Some, I suppose. And a lot of bargains for the hunters.
If you need to buy a house, this is the best time to do so in more than 2 years, rate-wise.
I am wondering (not today but in the next few months) if there will be a big oil futures sell-off once it hits $100/bbl that might send oil shooting downward.
Thanks for the info, this stuff can be confusing.
So, if 'The Biggest Shopping Day of the Year" just around the corner, and consumers seriously reel back from their spending, a 2,000 point drop in the DOW before Christmas? I'd say that's a 2:1 bet.
I don't see how that's not going to happen as credit tightens.
The "demand" has gone down...decreasing the price...
We had our bounce already in the futures overnight, as is typical for a TRIN over 1.05 at prior close. Dow futures rose 89 points off the overnight lows until they hit the 50% fib at 13426, and headed straight down from there, 170 points lower since hitting the Fib st 7:20 am. Expect further selling over the next few weeks, with the usual pullbacks.
Awesome, thanks!! I knew someone knows a whole lot more than me on that kind of stuff. The MSM and the Fed Agencies do nothing to help the average guy working on retirement. Up to now, I’m ahead with my moves on market sector ills and thrills.
Hey ‘dere fellow Tarheel! I like your about page. Notice the recent upswing of crime by a certain ethnic group the Dems courted to this state?
The US consumer will cut back on consumption very quickly and plastic stuff from the Chicoms this Holiday Season will be avoided like the plague.
2. Conversely, a weak dollar will make it more expensive for Americans to buy things that are: (a) produced in other countries, or (b) produced in the U.S. but sold on a global spot market (like most commodities). This is what drives up the price of oil here in the U.S.
3. Declining interest rates only have a positive effect if there is someone out there to lend money at those rates. If a bank is offering a mortgage at a fixed rate of 5.95% but refuses to extend that rate to high-risk customers, then the lower rate won't do much to help fix the sub-prime mess at all.
And stopped on a dime on huge volume right around 9:45. Hmmm, whatever in the world could have caused that, ah here it is, Ben threw a couple of tens of billions of dollars at the market, as usual.
I'd say we're within a couple of points of the lows of the day.
Hey! thanks neighbor!
Yep - I’ve an ear for the visitors of the more extreme south and it appears since taxpayer freebies and jobs may be beginning to dry up, certain flavors of desperados are clumping together to intimidate.
That could be bad news in an armed state.
Moral of the story: When you feed every stray cat that crosses your property, sooner or later there’s gonna be a huge catfight with claws gnashing and fur flying - the whole nine yards.
Best thing to do is to go ahead and sting them like Jimmy Carter reportedly did his neighbor’s cat...;-)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.