Well aren’t you just Mr. Sunshine this afternoon... }:-(
Hey libs...NOW do you think Obama and his promises of radical taxation and socialism are such great ideas??? Not in a capitalistic democracy.
At the point where the market perceives that the low cost benefit is greater than any further price drops.
“Where will it end?............”
Whereever George Sorors wants it to end.
we are closing in on half of the recent 14000 high. Wow.
We’ve got a way to go. The “hidden hand” of the market is working regardless of what the vaunted Congress thinks they can do.
Hang on.
At these levels its almost at a reasonable price for me to start buying. Not quite, but almost.
When we get rid of the Crats in the Congress and the RINOS. The Obama depression will last a long time. Obama cometh.
You’re just holding the chart upside-down. It’s all a matter of how you look at it.
LIGHT CRUDE OIL Dec ‘08
48.70
-4.92 50.40 50.45 48.50 0 23172 NYME 11/20/08 19:47:33
OMS. Obama Marxist Syndrome
Obama will fix it.
Obama will fix it.
Obama will fix it.
(rocking back and forth in semi-fetal position)
Next level of technical support I see is 5,650.
Does anyone know the redemption date of the Hedge funds?
The final date they have to come up with the monies to meet their redemption obligations?
It started to dive just after the senators announced they want a plan from the big 3 on how they’re going to spend their $25 billion.
The Obama Meltdown continues.
Pray for W, America and Our Troops
I don’t see why everyone is worried.
When things get bad enough, the holy hussein, messiah and all around good guy will break out the loaves and fishes.
What do you need money for when you’ll be fed by the hand of the Wright-eous one?
Down from here, that’s where.
There is no leadership in DC or NY. There is no one who has proven to be correct except the guys who were being derided as doomsayers only a year ago.
All the big name optimists on the credit bubble have been proven wrong - not a little wrong - head up the backside wrong.
And now people are pulling money out of funds left, right and center, we’re in the tax loss selling season. There’s no reason to expect anything but unsustainable blips upward from here to at least February, perhaps March.
The questions now are:
1. Do the lows of October 2002 hold? 7,286 DJIA and 1,114 Nasdaq?
2. Do Citi and GM fail and de-list?
3. At what point do we all agree that Paulson should be thrown out on his face and replaced with a crack-smoking chimpanzee?
If those don’t hold, look out below. We’re going downhill until there are simply no more sellers.
No bailout deal for the UAW so the stock market tanks. Down 400 right now. Screw ‘em.