Points? Hell it’s lit up in neon!.................
panic,fear, now comes the talon's of a tyrant hawk.
Wait, I thought if they passed that bill all would be fine!
NOW all Obama will need to do tonight in the debate is mutter ... uh uh uh ... failed Bush economic policies ... uh uh ah ah ah ... McCain voted with Bush ... uh uh uh
Profit taking today, poossible run up to the end of the week.
This volatile market is a trader’s dream come true.
At the beginning of the 5 pm ABC radio news report, Charlie Gibson announced the stock market numbers, saying its the second worst point drop ever. No sign of recovery.
Stories reported on:
An attack from Acorn on the Right Wing - quotes from an Acorn lady saying the Right Wing is trying to disenfranchise minorities.
Then at the end of the report?
Gibson announced again the stock market numbers, saying its the second worst point drop ever. No sign of recovery.
A couple of reports later, the same thing... no sign of recovery, stock market drops... then again same story.
Quick! Give someone another trillion dollars. Fire up the printer.
The underlying toxic sludge and overleveraged derivatives on top of it have not changed. Don’t allow the media machine that over emphasizes the stock market index to confuse the issue. This ponzi scheme is going down and going down hard. The American consumer knows that and is hunkering down to ride the storm out. The billionaire bailout is meant to save them so they can come back and pick through the bones of what survives.
It looks like Monday was a classic bear market rally.
Tomorrow could be even worse than today.
We might even see the DOW down 1000 tomorrow.
Watch these DOW monthly low levels for a possible bounce:
9/98 7401.07 This one could be hit this week.
10/02 7197.49
Tomorrow see if the 9/01 monthly low of 8062.34 is breached, because that level was already tested last Friday.
If it breaks that level tomorrow, then, the two previously mentioned numbers will more than likely come into play.
JMHO
The results of the media pushing Obama in the polls.
Burn, baby, burn...
how convenient this happened on the eve of the debate.
Is it my imagination, or does the economy tank in direct proportion to Obama’s upswings in the polls?
I guess they forgot to mention the two hurricanes that hit the Texas-Louisiana coast. We were shutdown for a good period of time.