Abysmal Market
After another day like today, the DOW will be in the 6000s.
At 3:30 we are down about 200 points and no stimulus or bank bailout plan is having any traction. We are in a tight spot, but its important to not get completely caught up in day to day results.
Bloomberg: U.S. Stocks Fall, Sending Market Below Lowest Close Since 1997
At 3:30 we are down about 200 points and no stimulus or bank bailout plan is having any traction. We are in a tight spot, but its important to not get completely caught up in day to day results.
Bloomberg: U.S. Stocks Fall, Sending Market Below Lowest Close Since 1997
The S&P 500 has fallen almost 17 percent in 2009, the worst start to a year on record...
posted by Sande at
3:26 PM
5 Comments:
Heading south of 6K soon and then we start to really go down. I figure 5K is the emotional trigger for the roll to the bottom. An entire two decades of the market gone and not coming back in our life time. Don't believe it? The Nikkei took over 12 yrs. to recover from it's crash in the early 90's real estate debacle in Japan. Sound familiar? Plus, that was without a world-wide decline at this same time! Why are we always copying the Japs lately and getting it wrong when we do? If we could make a bad Toyota we'd be better off.
All I can say is I hope you are wrong. Right now I have no feel for it anymore, there's a lot of conflicting info and the market is directed only down.
Soros doesn't think the deleveraging is anywhere done, I'll put my bets down with him. Much of the market was always nothing more then fluff. Most of the companies were shells and many had already moved offshore. Until we decouple from OIL and move toward a new energy base we'll wallow here.
Soros would be a rather expert voice on the matter.
Don't tell me its time to go to graduate school.
Soros would be a rather expert voice on the matter.
Don't tell me its time to go to graduate school.
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