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Originally posted by D.E.M.
Not that i've checked it every day, mind you, but it has been quite a while. Almost everything had a 1-2% loss today, except, bizarrely the USD gained almost 1%?
Stocks fell for a second day Thursday after the Federal Reserve announced plans to start unwinding some stimulus measures and a report showed existing-home sales fell last month.
At talks in Pittsburgh in the United States, the Group of 20 countries pledged to keep emergency economic stimulus measures in place until a durable recovery was secured.
Failed Bank List
www.fdic.gov...
#95 Georgian Bank Atlanta GA 57151 September 25, 2009
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $892 million.
NCUA
www.ncua.gov...
Media Release – Keys Federal Credit Union Placed Into Conservatorship
Thur, 24 Sep 2009 15:00:00 -0500
www.ncua.gov...
Media Release – Comunidades FCU Closes, Majority of Members Now Served by Water and Power Community CU
Tues, 22 Sep 2009 13:00:00 -0500
www.ncua.gov...
Originally posted by fromunclexcommunicate
Lower durable goods orders and slower home sales are giving this stock market pullback some good old fashioned fundamental cause for a continued drop today. The longer term G20 message that the loose money policy should be continued is supportive of the world equity markets. I'm not sure the rally is over but we are going to need to get a big bucket of sand before we can build the Dow castle tower to 10,000.
EU banks have credit losses of $587 billion: paper
www.reuters.com...
BRUSSELS (Reuters) - Twenty-two large banks in Europe may have accumulated credit losses of close to 400 billion euros ($587 billion) for this year and next, the International Herald Tribune reported on Saturday.
Originally posted by fromunclexcommunicate
Another drop of 100 points on the Dow would not break the longer term trading range.
Strategist expects a 7-17% pullback in October
Originally posted by GreenBicMan
reply to post by stander
INteresting stance
It just missed your earlier prediction of 10,000, but I undercut you drew carey style and I missed as well with 9900 lol
I think this week will be bullish big time setting another new yearly high then we run into our friend R2
R2 should make all the naysayers come out again only to be caught holding short positions towards later in the year where one morning they will all be stopped out once more with a big bounce off of the 200 EMA
Lets see what happens
Originally posted by GreenBicMan
Ok, yesterday was def not the test of the 20ema apparently, but today was and IMO we passed this with flying colors
Continuously in this rally (LIKE NASDAQ 2003) we have stairstepped our way on the 20 EMA DAILY.
I see no reason this streak doesn't continue
Put me down for shorting the dollar and buying commodities and buying my calls for 1100 ON THE SP500 (I BELIEVE WE WILL HIT 1100 THIS COMING WEEK)
I think we head for R#2 this comming week then see the real pullback..
So as of right now this is where I am..
I have illustrated on this chart everything I am thinking
RiGhT HiZzErE
[edit on 25-9-2009 by GreenBicMan]
That Wall Street is making money again in essentially the same ways that thrust the banking system into chaos last fall is reason for concern on several levels, financial analysts and government officials say.
There have been no significant changes to the federal rules governing their behavior. Proposals that have been made to better monitor the financial system and to police the products banks sell to consumers have been held up by lobbyists, lawmakers and turf-protecting regulators.