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The Dow suffers biggest one-day point drop since April 20, biggest percentage drop since July 2. At least demand for Treasuries is there.
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Aww yes very good point! Double edged sword it is indeed!
I find it ironic that all the central banks are ending quantitative easing in roughly the same time period! If the guv doesn't extend unemployment support - scheduled to end July 31, 2010.....it could be a very interesting fall. Of course judging from Obama's latest executive order....creating governors for the 10 FEMA regions....looks like its been planned for!
hey, look at the bright side. Leo K. gets a really big dip to buy.
:) about time
So Dow below 10k, but why isn't there a same post on GOLD? Last I checked, it was down $40 for the day, 4%, whereas stocks are down 2.5%. What does that tell us objectively? Is TD still maniatining gold is sticky at the top? Gold is just like stocks, buoyed by Fed's liquidity pump, when is TD going to be objective and admit that gold is as much a bubble as all the risky assets. Gold is now a risky asset non?
Ok well this is just a bit of useless information but the reason I bought my gold was not to make money so much as to protect my money. I believe that only gold can insure my spending power stays somewhere within reason. The dollar is literally a house of cards that could tumble at any moment...
Does the PPT short the market? hahaha
Yes. They are front running the US Treasury.
make heads for 20.0
30.0
whe all laugh.
buy the dip...buy the dip...
ill be selling calls to leo and the bulls
A quick glance at the CNBC website, Fast Money teaser, states: "Here's everything you need to make it through this correction, unscathed."
They should have added in small print: "If you are only now reading this, sorry but you have already been scathed."
Yes, I remember at the beginning of the crisis, the bald, ponytail guy saying that Citi was starting to look attractive. At the time, IT WAS SELLING AT 35.
DOW/SP500 downtrend on the daily chart continues.
The recent equities counter trend rally has finished and the March 2009 bear market rally is over.
The dollar, crude oil and copper charts have been giving bearish warnings for stocks for months.
The DOW/SP500 downtrend commenced as forecast and the USD rally I forecast several months ago is just getting going.
My indicators can identify trend changes before they occur.
They warned me of an impending market crash back in early *2007*
The uptrend since March 2009 has been a bear market rally contained within a much larger bear cycle that started in 2000.
http://www.zerohedge.com/forum/market-outlook-0
We've all been raised on television to believe that one day we'd all be millionaires, and movie gods, and rock stars. But we won't. And we're slowly learning that fact. And we're very, very pissed off.
My bile duct is raging.