Posted on 04/18/2010 2:28:02 PM PDT by Steelfish
Stocks’ Friday Drop May Not Spell End of Rally Goldman suit unexpected, but most other market news has been priced in
By Tim Paradis
NEW YORK - Goldman Sachs & Co. reminded investors that the stock market can still go down.
The government charged the bank with civil fraud Friday and the Dow Jones industrial average fell 126 points, its biggest slide in more than two and a half months. The Goldman Sachs news gave a dose of reality to investors who were used to seeing the market climb almost relentlessly on signs of a recovering economy.
But there are signs investors are already shaking off the Securities and Exchange Commission's charges that Goldman Sachs failed to tell clients about conflicts of interest in mortgage investments it sold. Stocks ended off their lows Friday. That's a sign that investors are still making predictions that stocks will bounce higher.
(Excerpt) Read more at msnbc.msn.com ...
If Bush was president, AP would be citing weakness in the market and saying it was poised for a sharp down turn due to continuing mismanagement of the economy.
That’s it...talk it up to get the lemmings in and get their money........... then let it crash
People keep calling the top for this market rise, and it just seems to keep going up and up and up regardless.
I don’t think the fundamentals support it. But one cause may be zero interest rates, which make a lot of funds available for investment. Another may be inflation, which the government is not really reporting.
It’s a real high wire act, but seemingly impossible to know what will happen next.
Mean while in the current issue of Forbes Goldman is describes as a Goldmine because of inherent strengths.
A good contrarian will be buying while the price is depressed
http://www.forbes.com/forbes/2010/0426/finance-goldman-sachs-banks-prop-trading-market-trends.html
What better way to stop people from collecting their retirement "benefits" (such as Social Security, MediCare..) then fleecing them of their money so they have no choice but to keep working and never retire?
How many tens of trillions of dollars in unfunded benefits has our government promised that they'll never be able to pay?
No coincidence at all, IMO...
What does this portend for Goldman?
It never ceases to amaze me. Just when the technicals say we are in for a drop, news comes out and viola.
yes, u r right.
I expect as more lose their jobs the stocks will go higher..because it was unexpected.
the only way for this MSM to wake up is actually have the market go right down as it hits them in their, yes THEIR pocket like 401k’s instead of others this time.
Meanwhile if the market does not drop we will keep hearing how we’;re doing good, bozo has saved us regardless of the millions losing their jobs, houses etc.
Wait till tingle up the legs and man maddows etc see their retirement go to less than a quarter than they had , LOL
Oh jeez, the old "off their lows" routine. He's going to have to pay CNBC a royalty for that. On big down days, they can repeat that literally every minute.
In the past two months, the Dow has gone up three out of every four days. Last week, it closed above 11,000, a level it hasn't seen since September 2008. Little more than a year ago, it was near 6,500.
Ninety percent of the companies in the S&P 500 index are trading above their average price of the prior 50 days. That hasn't happened since 1994 and it's an indication that prices are elevated.
The Chicago Board Options Exchange's Volatility Index, which is known as the market's fear gauge, last week closed at its lowest level since July 2007.
Fridays are usually sell off days.
The market is doing well considering Business has no idea what Washington bureaucrats will try to pull off next. Locked into self-presevation mode, taking care of business, keeping purse strings tight-remaining conservative, hoping government would just go away.
Government can brag they have brought us back from the brink of financial disaster, but true entrepreneurs of successful companies aka Big Business embracing capitalism, protecting their investors (you), achieving small but steady growth have done this all on their own while overcoming the propaganda machine- Evil Big Government.
One only needs to look at how Greece has crumbled (riots) and in the US, California, the home of the very dangerous, radioactive, hated socialist-Speaker Pelosi.
Soros is predicting a market crash, a clear sign that he has many billions ready to buy stocks when a big dip comes. This market will keep going up all year. the housing market, however, will not.
Obama’s toadies in the state run “media” are spinning as fast as they can. No wonder they’re all falling on their @$$es.
AP 0bamabot propaganda?
So what's new? Not gonna save the Dimwits in November.
One of Justin Mamis's maxims was to sell into low volume rallies.
Why is this bull market so different?
I swear, they really do seem to be trying so hard
to get the “retail investor” (the little people) into the market. It is just possible that they (the stupid media and business people) are setting us up for another big loss
just to save the administration.
I would not get into this market now if you dragged me! It is destined to crash again the way that is is going. I’d much rather lose a bit with late investment than chance another huge loss - and it does seem to be on the horizon with the housing and commercial properties problem (not to mention the jobs problem). Take your chances with care... and for goodness sakes, don’t just listen to the Obama promoting business trumpeters...
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