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Stock Market Crash - October 30, 2009?

Discussion in 'Politics & Religion' started by bogart, Oct 30, 2009.

  1. Zibblu

    Zibblu Guest

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    #41
    DOW reaches 13 month high today. Up 2%.

    Unlike right wingers, I'm happy when things go well for the market and for this country :)
     
    Zibblu, Nov 9, 2009 IP
  2. Mia

    Mia R.I.P. STEVE JOBS

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    #42
    How does this make the market and country seem well? The dollar down, debt at an all time high, deficit spending out of control. I'm not sure I follow you.
     
    Mia, Nov 13, 2009 IP
  3. Breeze Wood

    Breeze Wood Peon

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    #43
    ~ The Country is the Market......Dow holding steady above 10000 at 10270 up 73 pts.. Among other positive developments the administrations demand from the Pentagon for an exit strategy out of Afghanistan among the several positive horizons being viewed by the market.
     
    Breeze Wood, Nov 13, 2009 IP
  4. bogart

    bogart Notable Member

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    #44
    The market action is nothing more than gambling and speculation. There's no goods or services being produced. Barney Frank and Company got us into this financial mess with the same attitude.

    The market has a high probability of crashing back to 6000. This will further wipe out retirement funds and small investors.

    Charles Ortel, managing partner of Newport Value Partners believes the Dow will crash to the 5000-6000 range.

    http://finance.yahoo.com/tech-ticke...el-Says?tickers=GE,^GSPC,^dji,PIN,GLD,SPY,DIA

    The exit strategy out of Afganistain is to kill or capture Mullah Omar, Bin Laden and Ayman al-Zahari, al Qaeda's No. 2.

    How is the market going to react when there is a second 9-11 attack?
     
    bogart, Nov 13, 2009 IP
  5. Jackuul

    Jackuul Well-Known Member

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    #45
    The dow is meaningless. While normal folks continue to lose their jobs, they try to pump this garbage about stocks. Stocks mean jack shit when your country no longer produces anything.
     
    Jackuul, Nov 14, 2009 IP
    wisdomtool likes this.
  6. bogart

    bogart Notable Member

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    #46
    The big traders use computerized trading and black pools that allow them to make big money.

    Most stocks pay little or nothing in dividends. What's the sense in owning a company if they don't share the profits with you?
     
    bogart, Nov 14, 2009 IP
  7. wisdomtool

    wisdomtool Moderator Staff

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    #47
    I wonder what will happen when the stimulus funds dry up. The APEC meeting is still calling for sustaining of stimulus. If the economies are really so good, really do not need any stimulus. But if they really need stimulus, where is the money?
     
    wisdomtool, Nov 14, 2009 IP
  8. Obamanation

    Obamanation Well-Known Member

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    #48
    Having the market up certainly beats having the market down, since most working American's still keep their retirement there. Calling the country the market is ridiculous. Large corporations are doing well by cutting jobs and expanding overseas markets. Unemployment, taxes, and inflation on the rise while salaries continue to dip. You must be one of the Goldman Sachs employees who make 650k/year(on the average).

    So true. My confidence in the market dropped to new lows after watching John Stewart's interview of CNBC's Jim Cramer. Most struggle to make 10% on the market while derivatives traders and fund managers are pulling down 50k a week on large transactions which do nothing to grow any real business.
     
    Obamanation, Nov 14, 2009 IP
  9. Truth777

    Truth777 Peon

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    #49
    I have to agree with those who see no real growth in the economy. Bottom line is: If more people make more money logically the economy is getting better.
    Now we have more and more people unemployed, pay cuts and they tell us the economy is growing.
    Maybe the businesses got more "expenses effective, and cost effective" but did they expand in US so they can justify the 3.5% growth?
    I don't think so.
    Few people believed the real estate market would crash (I expected that too and sold my investments in 2006, didn't know nothing about the stock market investing back then, had I known I would have shorted at least one of the Real Estate Industry stocks).

    Now few people believe that the stock market has ballooned, may be not much, but enough to be felt by most investors when it goes down.

    IMO a true growing economy should have, higher job creation, and pay the same or higher than before, everything else is quite close to "cooking the books".
    Very dangerous time to go "long" in the stock market with an average value "stock".
     
    Truth777, Nov 14, 2009 IP
  10. Shazz

    Shazz Prominent Member

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    #50
    Meh... I went on margin again and went down another -$10k :(
    Its hard to also short in a dull market

    Id just hang tight.
     
    Shazz, Nov 15, 2009 IP
  11. Zibblu

    Zibblu Guest

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    #51
    Traders don't buy stocks for dividends. They buy them so they can sell them later.

    As far as folks saying that the stock market doesn't have that much to do with the economic well being of the average American, I pretty much agree with that (although quite a few people are heavily invested as far as their retirements...)

    What I find interesting is how right wingers would be saying the stock market was extremely important if it was going down right now, but since it's gone up over 50% since spring, they don't want to give any credit to Obama. Just another example of right wing hypocrisy.
     
    Zibblu, Nov 15, 2009 IP
  12. Obamanation

    Obamanation Well-Known Member

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    #52
    The wisdom of that! I want to hire you as my financial adviser!

    True. They would complain if they lost a leg to an untreated infection, even if the other leg was spared by medical care. And if we can call TARP medical care for the stock market, then we should definitely ignore TARP1 issued by Dubya Bush because Bush's TARP money did nothing for the stock market, where as Obama's TARP money SAVED the stock market. Right wingers or so stoopid!
     
    Obamanation, Nov 15, 2009 IP
  13. Breeze Wood

    Breeze Wood Peon

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    #53
    ~ The WS Journal speaks loudly and nearly everyday about one institution or another liquidating as a result of failed trading, computer generated or otherwise.

    ~ Looking forwards the market has so far responded positively and next week will be a review with many factors including - healthcare, Afghanistan - capable of breaking it in either direction but otherwise there is definitely an upwards bias and fighting the tape seldom is very rewarding.
     
    Breeze Wood, Nov 15, 2009 IP
  14. Mia

    Mia R.I.P. STEVE JOBS

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    #54
    There's only been a growth in government.
     
    Mia, Nov 16, 2009 IP
  15. Breeze Wood

    Breeze Wood Peon

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    #55
    ~ Up 136 pts. to 10406 Nov.11

    ~ Looking a little to good and when there seems no obstacles in sight - bombs away.....test 10000 anyway.
     
    Breeze Wood, Nov 16, 2009 IP
  16. Mia

    Mia R.I.P. STEVE JOBS

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    #56
    To Obama the stock market is "Like a Tracking Poll in Politics".
    http://www.youtube.com/watch?v=AspJFkzgwq0

    He's not interested in them "day to day gyrations".

    Yeah, it "bobs up and down all day"

    Think about that "long term strategy".
     
    Mia, Nov 17, 2009 IP
  17. Breeze Wood

    Breeze Wood Peon

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    #57
    ~ Market turbulence, down 137 pts. mid-day. Testing 10000 - the catalyst being the prospect for a double dip in the economy? Just guessing but because it went as high as 10400+ as a cushion the Dow will stay above 10000.
     
    Breeze Wood, Nov 19, 2009 IP
  18. Mia

    Mia R.I.P. STEVE JOBS

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    #58
    Its not a double dip economy they are talking about. Its a double dip Recession!
     
    Mia, Nov 19, 2009 IP
  19. Breeze Wood

    Breeze Wood Peon

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    #59
    ~ You will see it in the DOW first if there is one - initial indicators for conservatives is not so good, you may have to dream of something else.
     
    Breeze Wood, Nov 19, 2009 IP
  20. Truth777

    Truth777 Peon

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    #60
    Finally they acknowladged the unemployment is more than 17% ... and the growth is not 3.5%, but no more than 2.8%.... and even that is too much.
    The Americans deserve to know the truth about the economy and its major problem is the unemployment.
    The stock market is controlled by a few big players through the robot trading....
    Let's see how the next stock market robery will be pulled on the average investor..... I do hope it won't happen but when it comes to $$$$$$$$$$$$$$$$ .....
     
    Truth777, Nov 19, 2009 IP