The Market....

[BillyBall]

Is getting kicked in the junk again. All 3 indices are down over 2.4%. Fantastic.

[pergdaddy]

OIl at 140 a barrel.

Ree-deeck-you-luss

Speculator's should be in season right now.

[yermom]

it should be interesting to see what happens there...

[shaun4411]

never thought id be around to be happy to be down to 100/barrel. be nice to get back to 20/barrel.

[BillyBall]

Dow is now down over 350 points or 3%. This sucks.

[Boomer.....]

yuck! Will it ever end?

[mdklatt]

Dow is now down over 350 points or 3%. This sucks.

It doesn't matter if you're not selling now.

[BillyBall]

It doesn't matter if you're not selling now.

I understand, It's just painful to see my return for the year right now.

[tommieharris91]

It doesn't matter if you're not selling now.

Why would you sell now? Chances are there are a few companies that were devalued today that shouldn't have been. Buy themz.

[Hamhock]

when there's blood on the streets...

[Tulsa_Fireman]

when there's blood on the streets...

...don't lick it or you'll get herpes?

[Chuck Bao]

when there's blood on the streets...

So we have investors jumping out of windows yet?

I recall an article I read online last week about the disconnect between the stock market and the economy.

Anytime there is such an article, it should have been a very clear SELL signal.

Southeast Asia went through this in 97 and 98. It took more than five years for the financial system to recover and all along the way, there was no shortage of people talking up the market.

On every market rally, the banks would raise capital and then immediately apply it to provisioning, driving the market down again. Don't expect transparency here. The banks are trying to survive and the regulators will go along with this.

The process would then start again. Suckers were pulled in each time.

Does anyone really believe that there is not more pain ahead?

[mdklatt]

Does anyone really believe that there is not more pain ahead?

A lot of people believe there isn't any pain right now.

The stock market is higher now than when George Bush took office!

[Bone]

I understand, It's just painful to see my return for the year right now.

Yes, it hurts to look.

[mdklatt]

Yes, it hurts to look.

Why? It's not real money until you sell. Same thing with the housing crash. Unless your house is on the market, you didn't lose a dime.

[yermom]

well, unless you have an ARM or paying interest only and planning on selling soon so you don't have to make real payments...

[mdklatt]

unless you have an ARM

An ARM is going to cost you more money when the rate resets regardless of the value of the house, right? That's a known issue.

[lefty]

The stock market is higher now than when George Bush took office!

The dow industrials were at about 10600 in Jan. 2001, so yes it is higher.

[yermom]

An ARM is going to cost you more money when the rate resets regardless of the value of the house, right? That's a known issue.

yeah, that didn't really apply, i guess :D

[Blue]

If Isreal strikes Iran, oil goes to 200+ and the dollar tanks. Amero anyone?

[Blue]

A little copy and paste action. Some decent articles, some doomsday articles. Take it or leave it.

Global economic crisis

http://www.energypublisher.com/article.asp?id=15565

Global Recession Watch: A Dozen Significant Economies are at Risk of a Hard Landing

http://www.rgemonitor.com/roubini-mo...-hard-landing/

Citigroup sinks to 10-year low, Goldman urges short sale

http://news.yahoo.com/s/nm/20080626/...h_goldman_dc_8

GS is basically the vehicle PPT for the Fed in the equity markets. GS was short and went on a downgrading spree. This is why we did not see any PPT action on Thursday. What Friday brings is not predictable. A sell off should happen, but it does not mean it will. A dead cat bounce is possible with the right news or event. However, we can expect more volatility from here on out. Confidence is failing fast.

Peak Credit

http://globaleconomicanalysis.blogsp...ak-credit.html

U.S. Stocks Tumble, Sending Dow to Worst June Since Depression

http://www.bloomberg.com/apps/news?p...G7k&refer=home

TedBits

http://www.safehaven.com/article-10606.htm

Really good article!

Special Issue - Hyperinflation

http://www.shadowstats.com/article/292

Good for a reread…

Oil's rise is mainly dollar's devaluation, OPEC chief says

http://www.gata.org/node/6391

Bingo!


Cheerleaders Will Face Reality, Eventually

http://news.goldseek.com/GoldSeek/1214460300.php

When Central Bankers Clash, Stock Markets Can Crash
http://news.goldseek.com/GoldSeek/1214496095.php

The Greater Depression and What You Should Do About It

http://news.goldseek.com/DougCasey/1214499883.php

[SoonerInKCMO]

An ARM is going to cost you more money when the rate resets regardless of the value of the house, right? That's a known issue.


yeah, that didn't really apply, i guess :D

Sure it does. Plenty of people bought houses (that they really couldn't afford) with ARMs 3-4 years ago with the idea that they'd be able to resell at a big profit before the rate adjusted upward. Now, the rates have gone up and they can't sell at anything near what they paid and they can't afford the new payments. Default. Bankruptcy. Fail.

[Chuck Bao]

The stock market is higher now than when George Bush took office!

The dow industrials were at about 10600 in Jan. 2001, so yes it is higher.

Sorry to have to ask, but your point is that we should have expected a positive return on our money since 2001 or we shouldn't have?

[SanJoaquinSooner]

Yeah, we're in the second phase of a double dip. The market has foreseen a recession. but markets rebound before the economy does. the low on the s and P 500 in the first dip was 1273. I think we're close to that now.

Oil will drop to around 90-something sometime in this recession.

Don't forget most of you have balls.

[Blue]

Yeah, we're in the second phase of a double dip. The market has foreseen a recession. but markets rebound before the economy does. the low on the s and P 500 in the first dip was 1273. I think we're close to that now.

Oil will drop to around 90-something sometime in this recession.

Don't forget most of you have balls.


Oil will never again be 90- something again. I hope you're right but I think the MSM is holding back due to panic and hoarding.

These economoic policies have perma-****ed our economy. Please, take your "big balls" and invest in every stock you think looks good. Even commodities. Good luck with all that.