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D*$% You Stock Market

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D*$% You Stock Market [#permalink] New post 04 Aug 2011, 13:24
Dow is 500 points down today! Holy Crap!
Nasdaq is 5% down.


http://latimesblogs.latimes.com/money_c ... inues.html


http://www.google.com/finance?q=INDEXDJX:.DJI

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Re: D*$% You Stock Market [#permalink] New post 04 Aug 2011, 19:49
Wait for tomorrow - more forced liquidations, some form of announcement in Europe (likely nowhere near enough as it can't be a 17 state decision), a UK bank with a *huge* greece provision, then we move to the US just in time for a Non Farms Payroll...

Tin Hat firmly on. Seatbelt fastened.
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Status: On Vacation :-)
Affiliations: UA-1K, SPG-G, HH-D
Joined: 04 Dec 2002
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Location: United States (WA)
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Re: D*$% You Stock Market [#permalink] New post 04 Aug 2011, 20:23
3underscore wrote:
Wait for tomorrow - more forced liquidations, some form of announcement in Europe (likely nowhere near enough as it can't be a 17 state decision), a UK bank with a *huge* greece provision, then we move to the US just in time for a Non Farms Payroll...

Tin Hat firmly on. Seatbelt fastened.



This just brightened up my day. Thanks :)
I don't doubt that we are not out of the woods yet. All 2011 gains wiped out... I may as well convert all my equities into pesos or something, the stronger currency :)
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User avatar
Status: On Vacation :-)
Affiliations: UA-1K, SPG-G, HH-D
Joined: 04 Dec 2002
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Location: United States (WA)
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Re: D*$% You Stock Market [#permalink] New post 04 Aug 2011, 21:14
Just found this quote:
Quote:
"I'm just sorry to see my retirement going to hell," said Robert Slocomb, an 82-year old retired Kodak optical engineer in Rochester, N.Y. Mr. Slocomb blamed the government's handling of the economy for the stock market's woes.


I ain't no finance guru but should not this guy be in Bonds by the age of 82????? or should perhaps WSJ adopt a higher level of reporting rather than quote 82 year old guys gambling on stock market?
Source, WSJ: http://online.wsj.com/article/SB1000142 ... 91582.html
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Founder
Founder
User avatar
Status: On Vacation :-)
Affiliations: UA-1K, SPG-G, HH-D
Joined: 04 Dec 2002
Posts: 10394
Location: United States (WA)
GMAT 1: 750 Q49 V42
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WE: Information Technology (Hospitality and Tourism)
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Kudos [?]: 4181 [0], given: 3117

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Re: D*$% You Stock Market [#permalink] New post 08 Aug 2011, 10:35
3underscore wrote:
Wait for tomorrow - more forced liquidations, some form of announcement in Europe (likely nowhere near enough as it can't be a 17 state decision), a UK bank with a *huge* greece provision, then we move to the US just in time for a Non Farms Payroll...

Tin Hat firmly on. Seatbelt fastened.



Well, you were pretty much on target... just one day off. UGH. Another day...
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Re: D*$% You Stock Market   [#permalink] 08 Aug 2011, 10:35
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