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Financial Market Predictions Today? (VAnity)
n/a | 11/08/2007 | Me

Posted on 11/08/2007 6:25:59 AM PST by RSmithOpt

Any fiscally minded folk care to speculate on what the DOW, NASDAQ, S&P, Bonds and Currency markets will do today after the 'dip' yesterday??


TOPICS: Business/Economy; Government; Politics/Elections
KEYWORDS: economy; financial
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To: sarasota

Which one is that?


21 posted on 11/08/2007 6:46:52 AM PST by RSmithOpt (Liberalism: Highway to Hell)
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To: jiggyboy; icwhatudo
oops, here's that 10-year graph:


22 posted on 11/08/2007 6:47:58 AM PST by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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To: shankbear
Good hypothesis.


23 posted on 11/08/2007 6:48:52 AM PST by RSmithOpt (Liberalism: Highway to Hell)
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To: RSmithOpt
The markets appear to be trending downward. Possibly a small bounce today and down again on Friday.

Three-day weekend coming up.

24 posted on 11/08/2007 6:49:55 AM PST by Muleteam1
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To: RSmithOpt

In the Dow futures, significant damage has occurred. Expect the downtrend to continue. Use Fibonacci and 8ema entries for new shorts through the holidays.


25 posted on 11/08/2007 6:52:40 AM PST by montag813
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To: RSmithOpt
Hmmm, the DJII has already dead-cat bounced and then dropped 100 points from there, and we're like 20 minutes into the day. Gonna be some nasty swings today, suit up!


26 posted on 11/08/2007 6:52:47 AM PST by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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To: RSmithOpt

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?


27 posted on 11/08/2007 6:53:24 AM PST by azhenfud (The fool hath said in his heart, There is no God.)
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To: biff; RSmithOpt
The markets will desperate to get back something after yesterdays dump.

Desperate? Some, I suppose. And a lot of bargains for the hunters.

28 posted on 11/08/2007 6:53:24 AM PST by fortunecookie (Communism/socialism has failed millions, it wasn't right for them - and it isn't right for US.)
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To: RegulatorCountry

If you need to buy a house, this is the best time to do so in more than 2 years, rate-wise.


29 posted on 11/08/2007 6:54:12 AM PST by montag813
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To: RSmithOpt

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.


30 posted on 11/08/2007 6:54:15 AM PST by RockinRight (Just because you're pro-life and talk about God a lot doesn't mean you're a conservative.)
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To: jiggyboy; RegulatorCountry

Thanks for the info, this stuff can be confusing.


31 posted on 11/08/2007 6:54:22 AM PST by icwhatudo (The rino borg...is resistance futile?)
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To: Muleteam1; jiggyboy
I agree completely on Friday's performance, and jiggyboy, you seem to be well versed in the trend factors.

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.

32 posted on 11/08/2007 6:54:32 AM PST by RSmithOpt (Liberalism: Highway to Hell)
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To: RegulatorCountry
Underwriting standards have been tightened too, and with good reason, so the pool of potential buyers or refinances has shrunk.

The "demand" has gone down...decreasing the price...

33 posted on 11/08/2007 6:55:00 AM PST by RockinRight (Just because you're pro-life and talk about God a lot doesn't mean you're a conservative.)
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To: Yo-Yo
With the huge plunge yesterday, expect a dead cat bounce today.

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.

34 posted on 11/08/2007 6:56:56 AM PST by montag813
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To: montag813

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.


35 posted on 11/08/2007 6:57:29 AM PST by RSmithOpt (Liberalism: Highway to Hell)
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To: azhenfud

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?


36 posted on 11/08/2007 7:00:06 AM PST by RSmithOpt (Liberalism: Highway to Hell)
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To: RockinRight
It's all just a guess, but, I'd peg the sell off to the $120-$125 range as the last squeeze in the oil futures is played. There are a significant no. of guys/gals who will short oil on the way down quickly at that price (above)...for a small bit of time, then slide the $$ to metals and food futures and rock bottom priced stocks with good P/E and relative book values.

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.

37 posted on 11/08/2007 7:06:47 AM PST by RSmithOpt (Liberalism: Highway to Hell)
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To: icwhatudo
1. A weak dollar will make U.S. exports more attractive to foreign customers (we're already seeing the results of this through a huge growth in export volumes at most of our ports).

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.

38 posted on 11/08/2007 7:07:51 AM PST by Alberta's Child (I'm out on the outskirts of nowhere . . . with ghosts on my trail, chasing me there.)
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To: jiggyboy
Hmmm, the DJII has already dead-cat bounced and then dropped 100 points from there

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.

39 posted on 11/08/2007 7:12:59 AM PST by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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To: RSmithOpt

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...;-)


40 posted on 11/08/2007 7:13:23 AM PST by azhenfud (The fool hath said in his heart, There is no God.)
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