Stock Market Crumbling

[jjgold]

Is it time to buy?

[Deuce]

Obama is the man. Look what he did to the stock market.

[blackbeSSt]

yes. snaggle, sell all your rugs and invest in facebook

[BIGDAY]

Lube up son.... then proceed to...

[Brock Landers]

what a shitty month, market WAS over 13K

[Madison]

Look up austerity (shit hits the fan) in Jan 13. They somehow kicked the can down the road until after the elections. Remember when the gov couldn't pay it's bills Aug 2011. Well they've been bleeding 100's of billions a month since. Won't crash until then. Probably low 11K at lowest.

[Waterstpub87]

Wait till august. Summer is typically a low point in the year.

[milwaukee mike]

"sell in may and go away"

has worked pretty much every year for the last 10-20 years

no coincidence that may was the only down month in the last 7 and june is starting off in the crapper

[muldoon]

Dow is "only" up about 8.5% since JJ's last warning 8 months ago

[TheCentaur]

I'll wait until it gets around 7-7.5 k again

[flyingillini]

This is where I have the majority of my money, http://www.tase.co.il/TASEEng/

[Madison]

Breaking through some key support levels. Could be in for another leg down if todays #'s hold. Don't see a big bounce any time soon.

[milwaukee mike]

I'll wait until it gets around 7-7.5 k again

kind of compares to a chart of 1929 crash (vs 2008/2009 crash)

market got almost all of it back, and then in the 1930s lost around 90%

no reason if the economy gets completely terrible (which it almost has to) that the dow can't see 7000 again

[jjgold]

Its bad

SELL

[d2bets]

Obama is the man. Look what he did to the stock market.

Could be better, but up around 50% in 3.5 years is not too bad.

[DwightShrute]

Could be better, but up around 50% in 3.5 years is not too bad.

despite Obama. Imagine where it would be with a competent leader?

[NYSportsGuy210]

despite Obama. Imagine where it would be with an incompetent leader?

Fixed.

[Madison]

100 Million Americans Without Jobs

“The numbers are staggering. The jobs-to-population ratio peaked 12 years ago. If we were to have the same ratio today, we would need 15.3 million more jobs, or 23.7 million fewer people.”

http://www.businessinsider.com/100-million-americans-without-jobs-2012-5#ixzz1wTaHFtpi

[Sam Odom]

100 Million Americans Without Jobs

“The numbers are staggering. The jobs-to-population ratio peaked 12 years ago. If we were to have the same ratio today, we would need 15.3 million more jobs, or 23.7 million fewer people.”


http://www.businessinsider.com/100-m...#ixzz1wTaHFtpi

Unbelievable the # of people who have dropped out of the job hunt and are NOT equated into the 'official' Unemployment Number... The real # is in the mid teens

[Madison]

Unbelievable the # of people who have dropped out of the job hunt and are NOT equated into the 'official' Unemployment Number... The real # is in the mid teens

Shadow inventory (housing) but this is with people.

[itchypickle]

Entire gains for the year might be lost in one day if the lows hold. Not only did today's jobs numbers suck but last months job number was slashed in half on revision by BLS.

Obamas campaign spokesman was just asked last hour "since Obama stated in Jan of 2010, Feb 2011 and recently Feb of 2012 that we turned the corner due to policy his administration implemented, what are we to think about this current down trend going forward"...
The guy, as usual says "well George Bush .....".

[Inkwell77]

Just play sh, psq, dog and a few other short etfs and get paid if you think the market is crumbling

[Sam Odom]

I damn sure hope 1200 is NOT busted today

[milwaukee mike]

I damn sure hope 1200 is NOT busted today

1200?

1284 is the 200 day moving average

[Shafted69]

Gawd damnit Obama ! The Dow is up over 50% since you took office! It's all your fault !

[Cuse0323]

Is it really gonna keep going down, I have no idea about this shit and 90% of my money is in an IRA. I'm bout to just cash it out, it's still up since when I first got it but this past few weeks have sucked looking at it. I don't wanna end up broke.

[flyingillini]

100 Million Americans Without Jobs

“The numbers are staggering. The jobs-to-population ratio peaked 12 years ago. If we were to have the same ratio today, we would need 15.3 million more jobs, or 23.7 million fewer people.”


http://www.businessinsider.com/100-m...#ixzz1wTaHFtpi

Hey Madison! I've really enjoyed watching you on Million Dollar Listing. Keep up the good work Mr. Hildebrand!

[SlickFazzer]

Stick with strong US companies with big dividends for the next 20 years.

[alling]

Short term maybe but only for a quick trade. Long term overall fundamentals bearish ie weak labor market high debt. Technical indicators also bearish.

[DwightShrute]

BREAKING NEWS : Obama Announces New Economic Plan: Go Buy A “Thingamajig”.

[milwaukee mike]

Is it really gonna keep going down, I have no idea about this shit and 90% of my money is in an IRA. I'm bout to just cash it out, it's still up since when I first got it but this past few weeks have sucked looking at it. I don't wanna end up broke.

easiest answer to that is that you should have only as much money in the stock market that allows you to sleep at night if it loses 50%

if you're young and keep contributing then you would rather have the market go low and stay there until a couple years before you retire and then shoot up. why would you want to keep buying more when the market is 14,000 when you can buy more at 12,000 or 10,000 (or lower)?

if you do "cash it out", leave it in the ira in something safer rather than take a distribution and get whacked with taxes and penalties.

[chilidog]

BREAKING NEWS : Obama Announces New Economic Plan: Go Buy A “Thingamajig”.

LOL, I saw that, too. Then again, I don't know the first thing about furnaces either, so I probably would've called it a watchamucallit.

[MC PICKS]

BREAKING NEWS : Obama Announces New Economic Plan: Go Buy A “Thingamajig”.

Saw that on the start of the five, too funny.

[konck]

Buy MGM they will be a leader in online poker when it goes legit around dec-jan 10 now look for 50

[King Mayan]

Obama is the man. Look what he did to the stock market.