Soryy, bamo, not feelin` it...
Posted on 03/03/2009 11:41:21 AM PST by misterrob
Can we all say DEPRESSION & STOCK MARKET CRASH?
Soryy, bamo, not feelin` it...
The market moving higher is probably the O-bots who actually believe him. Reality will prevail, probably before the close, and the market will continue its long decent to the bottom, wherever that may be. Meanwhile the traders will have snagged another piece of the O-bots retirement accounts. That’s what they get for taking investment advice from a community organizer.
Yesterdays steady trip down kinda threw a wrench into a lot of day traders systems. They are still waiting for yesterdays buys to at least break even, LoL!
Just checked my porfolio.. wow.. up 2 cents on three stocks out of eight...
but the days trading is not over yet
I saw the spike and wondered if someone said something. Obama created a bunch of short term suckers and a few people cleaned ‘em out. The price then drops.
Man, Obama’s friends could have him do this every day: They buy, he speaks, they let the suckers buy into it and spike the price, they sell at the peak to the suckers, the price drops when actual experienced traders take over and the suckers lose.
This is comical.
About the same as mine. It looks like those who snoozed (me) at open lost the only chance to at least pay the brokers fee’s.
Nah. The market is moving because the selling pressure is getting exhausted. We’re SO far out of statistical norms for how long selling pressure can remain on that those of us who look at market technical indicators are waiting for a pop-up rally - which will likely last no more than a week, maybe 7 to 8 trading days. At this time, there’s a bunch of shorts and options who want to cover and square off their positions.
Markets cannot move in a straight line up or down — there are always counter-trend moves.
The longer trend is going to continue down. There is no economic indication yet of any reason to stop the selling until we see real profits turn around...
More like dead cat falling on a ledge of an abyss and about to fall off the ledge again.
Absolutely. The only hope anyone has of making anything is to play the upward spikes. don't get married to any stock in these times. You'll loose. The last time we say any overall upward movement was a week in November. That has vanished and a lot more since then. It's a shame, because there is actually a lot of good companies out there with good prices. There's just no bottom in sight though.
draw a line from each ledge and thats what a downward trend looks like :o)
looks more like it just milimetered up
The lack of backfilling in this current leg down has been remarkable. I have never seen anything like this. Even today there is very little conviction or rally to fill the recent gaps down.
DOW is -16 right now
I agree with you. I was commenting on the idea that market reaction to Obama’s comments has any real importance beyond the close of the market today. In fact the Dow has retreated about 50 point since my post and I wouldn’t be surprised to see it close down, continuing the Obama anti-rally.
He is a lightweight too, probably got his info from Larry Kudlow.
6744.10 -19.19 (-0.28%) Mar 3 3:36pm ET
Dropping again (I’m posting this because I want Obama to fail /end sarc.)
‘Course, that was after giving up 300 yesterday (which he wasn't responsible for, noooooh). Yessiree, this guy's some kinda salesman, all right.
I agree. And the steady, non-panic volume, the wicked high IV’s on options, the amount of money being charged to hedge is leading more and more people to simply sell rather than hedge... all on nice, steady volume. No peaks, not panics, just a relentless, steady crush.
Never seen the like.
He doesn't know a P/E from his rear end.
Hey Reuoooters, it mostly inched down suckers:
0.55% Nasdaq 0.14%
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