stock market didnt think much of obama taking office..

holy shit its below 8000!!!

guess the PPT took the day off.. 45 minutes left,how low will it go???

 

I hope that you understand that the stock market fluctuates as it is, and isn't that dependent on these events in a country as big as America. It's not like people didn't expect Obama to get inaugurated or something. The inauguration has next to nothing to do with the lowered stock market. This thread is stupid.

 

It's recently been to 7400. 8000 is nothing new.

 

hey man just read the business headlines,,its all his fault...

Street Shuns Obama's Welcome

Wall Street baptism of fire for Barack Obama

Jittery Wall Street fails to get Obama lift

Inauguration Can't Buoy Street

Obama euphoria fails to cheer Wall Street

A New President Leaves Wall Street Cold

US STOCKS-Wall St hits session lows after Obama's speech

BTW,at this point i would venture to guess i have as much if not more of a grasp on how the stock market works than most on these boards..

 

ever hear of the elliot wave?? trust me going below 8000 is a significant turning point on this wave.. if it stays below 8000,look for 6000 to be coming very VERY soon..

 

You could easily be right, but there are a lot of indicators out there. Who knows what will happen.

 

Yes. I agree. below 8000 today was a very important event.

Below oct's low will be even worse. But nothing in comparison to as low as we'll go.


S&P will be nothing if this keeps up

 

anyone that is well informed knows whats going to happen,the only two questions are how fast and how low..

 

Agree. My target is still 5500 at some point, but I wouldn't be suprised to see 10,000 either. Choppy for a long time imo.

 

no way it will hit ten thousand for a very long time. the target for this wave up was 11000,it never hit ten. if this is indeed the begining of the next wave down the target from 11000 was 6000,i believe the last chart i saw was targeting 5500 as the next leveling off point with one more wave down to follow after that..

if this forecast holds true as many believe it to be a fairly accurate forecast model and this is indeed the beginning of wave 5 down then we could likely see the market below 6000 by next week if not sooner..

 

That would be one hell of a drop. Buckle your saftey belts. You should buy a little SKF if you have a lot of conviction.

 

won't take long with days like today

 

I pulled my 401k a while back and for some reason there was a little itty bit left in there. I got a notice that I made a little bit and out of the 4 places I had investments in, foriegn money is what yielded the highest. Anyway I will leave my high rolling $25.14 in there that some how got forgotten and see what happens to it thru these times.

See america, Iam doing my part investing, spending money bla bla bla

 

..............

 

:smilielol5: