I have a feeling Tomorrow is going to be a blood bath
bump.
Initially thought this was the thread from last night. lol
....Bad Sushi
It is only 11am here and things are in a complete free fall.
I wrote about this yesterday - the pundits and talking heads in the US are all talking about the good news - what good news ??
Anyway I must be in the wrong line of work because my market predictions have been spot on -
be watching the dollar very close - if it drops below 1.2 to the SGD then you can expect it to go to parity within a week. Im expecting this to happen later today.
While the "debt deal" was the impetus, it had nothing to do with the fundamental forces effecting this.
So the spin will be.....Yeah but it would have been worse if Barry the Massiah hadn’t led us out of the wilderness and saved the day with his stellar leadership during the debt *cough* crisis.
From my perspective, it will only get uglier, at least in the short-term.
But . But . But . . . How can this be?!
uh oh.. I do not think this is good at all.
"Unexpected"
Doh !
Paging Mr. Blankfein and Mr. Dimon, please come to Timmy’s office for a “pep talk”.
Timmy (played by Edward G. Robinson): See, here, see, we’re not gonna have any big drop see. We’re gonna have a little drop. A thousands points or so. But NO BIG COLLAPSE, got it ? Get the money printing boys to giva ya the fake dough to make the buys, got it ? Let it go down for a week, then start buyin ! Pump it up real good, see. The boss don’t want no big collapse, not until the year after next.
Blankfein: Ya mean bammy ?
Timmy: No you maroon, the BIG boss.
I'm betting the Dow is up 150 by closing time tomorrow.
I’m with washi , look for it to be up , should it be up hell no, will it be up yes. simply put the market is control by the feds....there will be a day the feds will not beable to stop the fall then watch out below.
volatility alert.