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Dow Plunges Back Below 16,000 - Dead Cat Bounce Dying
"Off The Highs" - hope is fading fast as The Dow is now down over 350 points from its pre-open highs after the China rate cut and has broken back below the crucial 16,000 level...
Charts: Bloomberg
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I heard Larry Silverstein just bought the NYSE and insured it for 10 billion against terrrorist attacks or any acts of nature.
Add REITs DJR, down 2.6% today and well below yesterday's disaster low, to the list of downside leading indicators for tomorrow on:
http://stockcharts.com/h-sc/ui?s=%24DJR&p=D&b=5&g=0&id=p45161947083
Should be seeing 14,666 by Fridays's close Hail Lucifer!!!!!!!!!!!
that's pretty optimistic, bro
Fun Fact! Lucifer's crime for which he was cast down from Heaven consisted of saying two simple words: "Non serviam"
Bust a deal spin the wheel
Bust a deal, Face the wheel.
Listen all! This is the truth of it. Fighting leads to killing, and killing gets to warring. And that was damn near the death of us all. Look at us now! Busted up, and everyone talking about hard rain! But we've learned, by the dust of them all... Bartertown learned. Now, when men get to fighting, it happens here! And it finishes here! Two men enter; one man leaves.
Oh wait - SPX, RUT, MID and SML look to also be waving the starting flag for tomorrow's race to the bottom:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=spx&insttype=Index&freq=1&show=
This is typical primary bear market action. Hence rallies are to be sold.
Before the carnage set in, the Dow Theory signaled a primary bear market on October 20 (yes: one day before the ominous Friday):
http://www.dowtheoryinvestment.com/2015/08/dow-theory-update-for-august-...
Dow Theory Primary bear markets are to be taken seriously. They are not signaled so often.
I have got these 3 widgets on my desktop. Gold. Dollar exchange rate and Dow
Dow goes down, dollar goes dow (against Euro).
Gold keeps going down either way Dow goes
WTF?
Come on Fed, raise those rates. You know you want to. What, no balls?
In other news.............. WTF?? This goddam lunatic has followers??
Televangelist politician Pat Robertson blames Black Monday on US support for abortionAs the effects of Black Monday in China were felt across the globe, one American politician thinks he knows what is causing the economic instability. Christian conservative Pat Robertson believes it was due to the US government’s support for abortion rights.
Read more: WHAT REALLY HAPPENED | The History The US Government HOPES You Never Learn! http://whatreallyhappened.com/#ixzz3jrVUX4oC
The link on Robertson is from RT.com. Remember those days when we used to laugh at Soviet propaganda? Well, what comes around goes around.
Basically, if you are going to put a potato in your shorts to make your member look bigger you need to remember 2 things. 1. Put the potato in the front. 2. Use a raw potato, not mashed.
My market analysis for the past two days.
The cat wasn't dead when it hit the floor, at which point it was wounded, tried to run back up the wall, died and then fell again rolled a few times down some adjacent stairs into the basement, if the homeowner discovers the dead cat in their basement before it starts to smell the market can save some money that it would of wasted on "lost cat" posters and could potentially opt to buy a dog instead of a cat this time.
Prospects for dogs going up in value are good.
All in dogs.
Since its raining cats, there is also the remote possibility that it may rain "cats and dogs" at the same time, so buyers beware.
Maybe we should all just buy a fucking gold-fish instead, worst case scenario you flush the sucker, its a lot easier to deal with emotionally.
I had a feeling that once machines took over, there was a strong potential for violent moves to spin out of control. They can shut the market down to let things cool off. But as soon as they open again, the surge in algorithims would be something like thousands of lightening bolts hitting a power station the same instant. If this doesn't settle down before the week is over I think we may soon see something that makes the 1929 crash look tame. Just saying.
Almost time to put on the 10,000 party hats! Yayyyyyy
Almost time to put on the 10,000 party hats! Yayyyyyy
good news. volume is finally recovering. retail investor must be back. all the low inflation, low unemployment, and expanding GDP must really be increasing consumer confidence. bye more stocks.