US Stock Futures Drop As Home Starts Slide; DJIA Down 53 (DJIA down 100 at post time)

Wall St Journal ^ | 1/20/2010 | Kristina Peterson

[Uncle Miltie]

Just wait a little bit until Wall Street realizes the following are DOA:

1) 0bummerCare
2) Tax Increases
3) Cap and Tax
4) Forced Unionization
5) Continued Nationalization of Industries

I think the capital will flow back into companies which will invest, grow and hire. Brown is the best thing to happen to the economy all year.

Brown killed 0bummer’s Domestic Agenda for Communism.

[ZX12R]

the fake buoyancy worries me, that’s why I am staying out of the market

Same here. Wouldn't touch it with a ten foot pole right now. Something is really out of touch in this so called "recovery".

I think things could crash in less than a day, as soon as the manipulators meet or change their goals- whatever those have been a transparent honest government would have investigated who withdrew $550 Billion from the US money markets in 3 hours on Sep 15,2008 - and why

Every morning I open my trading account and watch the market open, thinking that any day will come THE DAY. When whatever is going on here shakes out, there has to be an enormous correction, which I hope for our sake, has a bottom.

[expat_panama]

wait a little bit until Wall Street realizes

Why people talk about Wall Street is beyond me becuase it's just 12 inches of heavily traveled asphalt.   Those of us who buy and sell stocks already know about what Mass. upset might bring but we also know about Obama's protection and bank taxes are already doing.   B of A earning are down today and China's market's stumbling, so while we're hopeful we're also dealing with what is.

Hmmm, Master Card's (MA) up $2.30...

[darth]

All markets are now global. The Fed pumped up the money supply and it inflated bubbles in emerging markets.

The Chicoms tightening credit to slow their bubbles in commodities and real estate is what I think spooked the markets. When the Chinese bubbles burst (and they WILL) there will be a massive ripple effect.

Would the Chicom leaders not inflate their currency to keep pace with the dollar dropping?

Where is the consumer demand? When will the big banks finally feel the pain of the defaults on RE and credit cards?

Eventually, I expect a wave of bankruptcies to wipe out the excessive debt around the world. Helicopter Ben may mean well, but I think his plan to inflate our way out of trouble will fail.

[MeneMeneTekelUpharsin]

The market will not continue downward. Remember who posted this.

Do you remember who posted this?