Looks like the market could get slammed today. Not even close to opening bell and Dow futures are racing south, now down 140 pts and counting. That kind of early move last Thursday dropped the market nearly 400 pts.
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Futures down 170 pts.Comment -
I wouldn't call it a *terrible* day compared to some of the other ones we've experienced. It seems to be that there has been weakness in the components of the Dow index recently.
The market is just sorting itself out with these credit/subprime issues. =DComment -
i hereby call this a terrible day.
s&p 500 down 35 as i type.
some of my stocks are trading as if the world is coming to an end (which it might be).Comment -
Oh man, nevermind. Rofl.Comment -
grab the hand rails boys and girls looks like we're in for a bumpy road. If the barrel price of oil goes much higher it's gonna get REAL shitty.
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The market is un trade able right now, you will lose your shirt.Comment -
Market overreacted. Big drop in final hour. Too much fear. People sleep it over and buy right back in. Unless there's more bad news the Dow should close higher tomorrow.Comment -
Spiders
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Futures only down about 10-20 pts this morning. Dollar/yen up (indicator for Dow). Buying opportunities today.Comment -
Futures up 30 pts. Those still in the market after two 360 pt drops in a week, and not much going the other way, are either determined not to sell or looking for buying opportunities.Comment -
Dow futures up 80 pts in pretrading hours.
This is a big real life computer game with a playing field that spans the globe. Amazingly cool, but initially dull.Comment -
Talk about clueless. Bernanke will be grilled by Congress today. This congresswoman on CNBC wants him to cut rates again, and in the next sentence expresses deep concern about the recent decline of the dollar, which she wants to ask him about as well.Comment -
Is anyone giving the Fox Business News channel a chance? Ive been trying to give it a shot. Im just so tired of CNBC pumping the markets for no reason.
I cant see how they live with themselves, DOW futures are up 20-30 points and they have all but forgotten yesterdays plunge.
Anyone notice how all the hosts on CNBC look like sh*t, black circles under their eyes, I believe the constant pumping/lying is taking its toll on them. JMO
laterComment -
Market is crazy. Up 50, down 80, back to positive, all in the first hour of trading.
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Funny thing is that everyone on the floor is saying this has nothing to do with oil. So if the subprime situation didn't exist and oil were nearing $100 a barrel, we wouldn't have the volatility? I saw enough this summer to know that when the Arabs sneeze about raising oil prices, the market tanks. Now you've got that AND the subprime thing, it's no wonder we're on a rollercoaster.
And I don't know about anyone else, but everytime Bernanke opens his mouth I get nervous. Never got that feeling with Greenspan, always thought he had a complete handle on what was going on.Comment -
just threw a couple bucks back in the market after the last two days. Not alot though since Im a little nervous. Lets see how this plays out. Got a sick feeling that the retailers this year are not gonna make out to good
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It was a Bernanke-day. Anything can happen, and I may not trade anymore on days that he as much as farts.
Had some back luck with Under Armour stocks I got last Friday. Great company with nice fluctuations. Had profited from their stock go from 53 to 61 in just 40 minutes during pretrading earlier that week. CNBC even mentioned this spectacular spurt on their Fast Money show.
Monday the owner, and some CEO's, sold a whole bunch of shares at 59. Stock has been going south since. I know. It happens, but I can't suppress the feeling that this was done over the backs of investors.Comment -
That's because Greenspan is the one that created this whole mess.
Bernanke is stuck between a rock and a hard place. It doesn't matter what he says, this ship is sinking. He can only control how fast it sinks and who to save in the process. Many will go down with the ship, it doesn't matter what he does.
PedroComment -
It becomes a self-fulfilling prophecy. If people wouldn't freak out so easily, the market would be far more stable.Comment -
Exactly. And people seem to 'look' for precisely those two emotional extremes. Where have we seen that before?Comment -
I'm going to pop in and buy a little here. I like BAC and I'm happy to get the 5.6% dividend while waiting.Comment
