market death watch..

what a blood bath,i truly feel sorry for those who still have money in the markets,especially those who have pensions and are naive enough to think they are safe.
that bubble will soon burst and a lot of baby boomers will no longer be able to look forward to a check coming in the mail..

lets recap obamas policies effects on the market to date.

january 15 the friday before he took office the market was at
Dow,8212.49
S&P,843.73

today,(six weeks tomorrow)
Dow,6763.29
S&P,700.82

good job mr president,at this rate the markets should easily be below zero by christmas..

 

I'm not sure what tomorrow will bring.

since we didn't technically break the 700 SP level, we might see a bit of a gain tomorrow


but then again, there really isn't anything other than psychological support there.... the real support is around 680, and it isn't much

 

Topix fell below 720 last night,WAY below.. its at 710.

nikkei is at a 26 year low this morning..

JG says his money is on a 10% drop this week and would not be surprised to see it end the week below 5700..

March was the month it was predicted we would all find out its hopeless..
Its looking like that prediction may come true..

Beware the ides of march..

stay tuned,this week should be UGLY!!!!

 

TOPIX closing below 720 is a large concern


Even though for some reason, there is a huge rally predicted after the 12th

I know the market is oversold at this point, but I just can't see it happening

there is just not nearly enough people willing to put their money into that kind of risk right now.

 

They were right about the rally after the 12th somehow.

.

 

I just spent 2 hours with the guy that invests my stuff. I'm glad he's positive, that make one of us.

 

i guess that was a easy bet for those who know. something to do with the markets being oversold,50 day moving average,blah,blah,blah.

im positive,positive the S&P will be below 500 before we actually hit bottom..

but serious,care to elaborate wally? he doesnt actually believe we have bottomed does he wally??

 

Investors are always optimistic when spending someone else's money.

.

 

No he doesn't believe we're bottomed but there is some areas other than bonds that have potential. Well see

 

this thread deserves to be revived for this week.

good old obamas decision to make it clear to the world that the free market system is dead in america by forcing GM's CEO to resign did not sit well with the asian markets and futures are way dow.

could be a ugly week..

i mean after all,why would anyone in their right mind buy into a socialist controlled market?

 

This week will prove to be interesting

we could very well erase all the gains we've made in this latest rally.


However, this situation goes beyond my understanding, and seems to be stemming from the bond market, which I know virtually nothing about.


What I do know, Asia had a really bad day. Normally we don't follow what the rest of the world does, but lately, it's been panning out like that.

Dow futures currently down 160+

 

yeah i guess it will be all about the corporate bonds on this one,well,then there are the treasuries,and the government bonds but they aint directly tied to the markets..

i must admit at this point i am completely lost except to know lots and lots of bad,bad,bad things are happening all at once again..

 

yeah, bonds go way over my head

It's hard enough to keep up with the regular markets

 

Dow down 173 now


if the Big O and Turbo Timmy want to keep this thing alive, they better get to work

 

he is speaking on GM and chrysler at 11,that should help..

 

OH SHIT!! It WILL be a bad day then....


apparently Obama also is forcing Chrysler to form 'an alliance' with another car maker....

so what happens if they choose GM?

 

looks like about a 200 point drop right off the bat today

 

200+ points in the first 2 minutes


yup

gonna be a bit volatile today...

 

he wants them to merge with fiat,but fiat has said over and over that they want nothing to do with chrysler if it means taking on 30% of chryslers debt.

see he is showing that he truly is working for the NWO. he thinks he has power over foriegn companies on top of american countries.

this guy is turning out to be stalin reincarnated..

 

People should be fuming pissed by now, rioting in the damn streets


but they are so mesmerized by this fucking idiot, they see this as a good thing. Sure, it sounds great, and Wagoner should have resigned months ago, he ran a company into the ground and blamed it on the economy. The economy only finished them off, they were already dying.

But the fact remains, Obama has NO authority to force a CEO of a private company to resign.

And some will say, well they are getting bailout money. True, but so did all the major banks, and are their CEO's being forced to resign? No. And quite frankly, what the banks have done, is far far worse than GM

GM is only a little blip compared to the banks.