Tuned into CNBC World....... Asian markets all down 2-5.5% Europe futures down.... US headed lower........ realistic estimate for dow tomorrow IMO is -320. Build capital over the next several months as markets will continue to go lower and get in at the bottom. Even if we are screwed and headed for rough times for years after a few months of bad times people will start to buy back in and boost the market again even if it is artificial just as the 100% jump since 2008. I sat the sideline last time but won't strike out again. Enjoy the blood bath now build capital and plot your attack for a few months from now.
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will be down 2000 to 3000 for the week
usa is finishedComment -
I hope I don't get greedy and buy too early.Comment -
while i agree the market will gap down tomorrow (300 looks about right), 3% is pretty much a non-starter and after-hours tomorrow may be a decent buying spot.on Friday, short-term Pressure Factor hit an extraordinary oversold -169 [normally, -80 is an “extreme” oversold reading]. There were only six occasions in the past 60 years when the Pressure Factor has dropped below -160. Here are those initial dates: June 9, 1953; October 19, 1987 (after Black Monday); October 27, 1997; February 27, 2007; December 1, 2008; and June 4, 2010 (last summer). None of those instances saw the S&P even 1% lower one week later. Only one instance saw the market negative one month later – last summer which marked the correction bottom. And interestingly –perhaps coincidentally– 5 of the 6 saw the market up over 19% twelve months later. Such oversold extremes typically do not market the beginning of a bear market.”
chicken little is an easy thing to call right now, and calling a bottom is always as impossible as catching a falling knife, but you're being a tad (okay, more than a tad) ridiculous..Comment -
But really where else will all the money go eventually!!!!!!!
It reminds me in that movie "Scarface" when Al Pacino is bitching about the extra 3% he has to pay his Miami banker to deposit and launder his money.........."The banker says something like....well Tony are you really gonna deposit your 10 million in another 3rd world country????
Where the hell else will all the big money go thats safe..............Europe??? HAHA Right..............Comment -
The market is down 2% in the pre market. Business as usual.
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Don't catch a falling knife. The bubble has burst.Comment -
Its an exciting day for a trader. But for long term investors its a day to add to your collection. "When there is blood in the streets, thats when you buy". Warren BuffetComment -
If u know ur gonna be taking hits on ur long term holds in the short to medium term then y not day trade today to make up some of the losses these stocks will have?? Short some big resource stocks soon as the bell goes off, hold ur position for 5 mins (before the bargain hunters get in) then sell if u want something thats close to a sure thing as ur gonna get...GL whatever u decide though Johnnie..Comment -
Johnnie u better have listened, wouldve made a killing today...Comment -
Looks like another down day tomorrrow
There is no good newsComment -
Question topper -- let's say we crash again, hit another recession and the dow goes back into the 7-8,000 range. What will keep it from this cyclical process? Why should we assume we'll ever see 15,000 again? It crashed in '98, it crashed in '01, it crashed in '08, it's crashing now -- I don't feel confident that, given what actually drives an economy and the fact we possess almost none of those traits anymore -- the growth is legitimate and we'll eventually break through that ceiling anytime soon.Comment -
Like in '98? '01? '08?
I just don't see the long-term value in making big stock market investments anymore. The Dow was in this range (11,000) ten years ago and it's still there today -- only difference is the value of the dollar and inflation means that number is actually much less in today's reality.Comment
