market death watch..

Discussion in 'Random Thoughts' started by hippiehillbilly, Feb 18, 2009.

  1. hippiehillbilly

    hippiehillbilly the old asshole

    the market is open and barely up out of the blocks.

    today should be a interesting day. will turbo timmy and the PPT be able to get the S&P back above 800 and keep it up for the close?

    will bernankes speech at 1:30 send the dow crashing 100 points or more as is the norm??

    look for a roller coaster ride today kids and remember,if the day ends without the S&P being above 800 its all down hill from here..

    anyone care to take a guess on where we end the day?
     
  2. zihger

    zihger Senior Member

    Today is hard to guess..

    They have been bumping it up after each drop lately, PPT didn't make the usual 1-2 hour bump this morning.

    I think they could be ready to let drop to low 7000s this week.

    They make so hard to guess these days.. I guess that’s the point only the insiders know.
    Basterds.

    I guess a 200pt drop in the DOW.
     
  3. mariecstasy

    mariecstasy Enchanted

    I'm just grateful my honey isn't putting his money in the market like he wanted to do.
     
  4. hippiehillbilly

    hippiehillbilly the old asshole

    i was leaning towards a slight gain on the day but not making it above the 7600/800 mark,but looking at it at the moment im having my doubts.
     
  5. hippiehillbilly

    hippiehillbilly the old asshole

    i have a friend who inherited a LOT of money in stocks. he calls every couple few weeks and bitches about the market..
    i keep telling him GET OUT!! put it in gold,or at the very least cash out, buy a safe and stick it all in there..
    he called last night and i told him again..
    he is going to keep hem hawing around and go from a millionaire to broke..

    its really frustrating that he is so complacent about it. hes in his late 50's and his health isnt all that great. he will never live to see it regain the value it had when he inherited it all.

    grrrrrrrrrrr.. oh well its not my money,its just a damn shame he isnt taking this seriously.
    you would think being his portfolio has already lost half its value he would wake up..
    some people ya just cant tell anything..
     
  6. gold...hell?

    ammo ... might be better
     
  7. hippiehillbilly

    hippiehillbilly the old asshole

  8. mariecstasy

    mariecstasy Enchanted

    I've been struggling with the same thing. I keep saying that when you are watching the whole system shake like an earthquake, you don't play in it. When the hole is getting deeper and deeper, you don't throw money in, just to watch it get swallowed. Things change and most often stabilize again, but who the hell knows if there will even be a stock market. If we are gonna gamble, I'd rather do it at a casino and get free drinks at least.:cheers2:
     
  9. hippiehillbilly

    hippiehillbilly the old asshole

    all the experts say,if you dont have 20 years to wait on your stocks to regain their value,GET OUT..
     
  10. CaptainLS

    CaptainLS Banned

    hopefully things go to shit and I can start eating people
     
  11. hippiehillbilly

    hippiehillbilly the old asshole

    you joke now, by next winter you very well may be looking at that as a option for your survival..;)

    im thinking then,it wont be so funny to you..:rolleyes:
     
  12. mariecstasy

    mariecstasy Enchanted

    I prefer to live in the moment. Forget 20 years, who knows what tomorrow brings....
     
  13. Dragonfly

    Dragonfly Senior Member

    I don't know where the stocks are gonna end up at the end of the day. However I do know one thing from all this reading I've been doing lately about the stocks and stuff, it's one slippery slope down the fucking mountain.

    Hey wait wasn't President Obama, suppose to have this shit fixed by now?:rolleyes:
     
  14. CaptainLS

    CaptainLS Banned

    I was serious
     
  15. zihger

    zihger Senior Member

    Hmm.. Closed in the positive by 3. points after all that movement and variables it went though today it ended up braking almost exactly even but in the positive.

    Tell me that’s not fucking rigged…
     
  16. TheGanjaKing

    TheGanjaKing Newbie

    totally rigged
     
  17. hippiehillbilly

    hippiehillbilly the old asshole

    i guess folks are saying dismal volume,again. interesting numbers gathered off another board.

    Looking under the covers we find that there were 2,194 losing stocks

    The Dow Transports were down 1.35% and the Dow Utilities were down 1.6%.
    The Russell 2000 was down 1.33% and the NasDuck was down 0.18%.

    NYSE/ALTERNEXT....

    New Highs: 9
    New Lows: 343


    you get the picture.

    Looks like Canada was the one to take the beating today...

    Last: 8,175.950 Net Change: -202.750 % Change: -2.42%

    i wonder what tomorrow will hold??
     
  18. TheGanjaKing

    TheGanjaKing Newbie

    well, afterhours trading has the dow up a bit, but I don't pay much attention to futures and pre and post market numbers

    I don't think that people are totally sold on Obamas plan

    More than that, I think they are pissed about a growing multitude of things


    and on top of that, I think many people are getting scared to put their money into the market. I don't blame them. Gold will go over 1k this week, its almost certain. And there is a good chance that the sp500 will lose that 750 level.

    let's hope not, but my optimism left long ago
     
  19. HawaiianEye

    HawaiianEye Member

    It does not matter whether it goes up a day or 2,the dow jones already went down what something like 5000 within the last year or so.Its going to go down below 4000.I do think that contrary to the hype,the market going down will cause a number of good things to happen,especially if one lives in the US.
     
  20. hippiehillbilly

    hippiehillbilly the old asshole

    do tell? lol.. and for whom?
     

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