BLACK FRIDAY? - 05 Aug 2011

reply to post by Fett Pinkus


I saw mention of a rumor on one of the news sites but, honestly, if that rumor had any real merit, the market wouldn't be hovering in the green

reply to post by SavedOne


S&P is Standard & Poors which is a credit Reference Agency, much like Moody's. or Experian

Originally posted by Crakeur
reply to post by Fett Pinkus

 

I saw mention of a rumor on one of the news sites but, honestly, if that rumor had any real merit, the market wouldn't be hovering in the green

They won't downgrade our credit rating. They were talking about downgrading our "outlook" which is like a probation for possible credit downgrade in the near future. Essentially what it comes down to is saying if you screw it up next time, we'll hit ya.

Of coruse the US Gov would then completely and utterly destroy all credit agencies.

European markets got hammered again today. Nasdaq is down/flat, the DOW is currently up 86 points. The last 90 minutes will be umm interesting. I predict the DOW will test the 10,000 mark again.

Ive just found This. Other then that nothing more. I personally dont think that they will downgrade just now but sometime soon.

reply to post by Fett Pinkus

I have a sneaking suspicion that S&P is a Federal Reserve creation, is there by chance any connection there?

Source: www.msnbc.msn.com...

The gains helped the unemployment rate edge down to 9.1 percent from 9.2 percent in June. Job counts for May and June were revised to show 56,000 more jobs added than previously reported.

"This is a fabulous number," said Mark Zandi, chief economist at Moody's Analytics. "We're not out of the woods yet, but this is a good sign that we are going to avoid recession."

My god, the above quote made me want to

Fabulous number? Yeah, it's brilliant Mark.....everything is rosy and the economy is behaving like a well-oiled machine, right?

This charade has to stop. The economy is broken. Time to stop peddling the BS and start finding ways to give my child (due in 6 weeks) a future with some stability, potential and hope.

reply to post by Curio


You have to keep the sheep chewing the grass, How else will they get their wool and roast lamb on the table!

its still the same philosophy, Spend your way out of trouble. But this doesn't work when the sheep have nada!!

SYRIAN is a much greater prob then the market-the dow jones is realistic at 11 or 11500 points and the DAX is good at 6700 or 6900 points-so no prob at the market just hot air

but syrian is burning-it is the country that mostly dont look like planet earth by the way-is a good location for alien movies if there is ever be peace again

I'm pleased there is not a further drop today, so far.

It still saddens me that this will certainly dissapoint many people here, who seem very excited and hopeful of a total market crash, no matter who is hurt in the process. Their belief that the world economy utterly crashing and burning will "fix things" is laughable.

SELL - - - - - SELL - - - - - -SELL

I hear the words as I type...................The final ding of the bell will be leaving the market in the RED.........

reply to post by fleabit


Do you believe that the way things are going is sustainable? and doesn't require radical change to get thinkgs properly back on track?

How would you propose that we continue?

reply to post by fleabit


Markets are cyclical, they never went always up. If they go down far enough I will start buying again. The question is where is the bottom going to be?

DOW, NASDAQ and S&P all in the red now. 50 minutes left.

Originally posted by Nicolas Flamel
DOW, NASDAQ and S&P all in the red now. 50 minutes left.

Aaaaaaand here comes the slide into home plate...

....will they score big or be called out???

If I remember correctly, I have been hearing about 8/11/11 being a turning point, and now it's looking like we can see what direction that turn will be. Either way, September and October (Q3 earnings) are going to be brutal if we can survive that long.

~Namaste

reply to post by SonOfTheLawOfOne


It will be a sell off to end the day. No way investors are going to leave their money out there flapping in the wind over the weekend with so many potential pitfalls and bad news! Fridays are typically a sell off, because of the extended exposure over the weekend. This Friday is not a typical Friday, it is even worse!

Also, look for any additional bad news to hit the press about 4:30 after the markets have closed.

reply to post by getreadyalready


Usually the last 30 mins the programs kick up .. I agree, I see a last min sell off. Not major, but all indicies will be Red. This whole fiasco sure makes me nervous, October is coming .... we all fear October, especially when the months prior are volatile as they are.........

reply to post by Rockpuck


Please educate, why fear October. its the first time I heard that. I know they don't like March, but why October?

Q3 earnings after a low key summer on the streets?

it you read the past 2 months of global meltdown forum, we have been predicting this for many months. It is unsustainable, you cannot solve a credit crisis by throwing more credit at it.

The bombs have started to explode.

reply to post by JakiusFogg


Sept/Oct is simply Crash season. It's the time of the year when thing die.. like stocks.

Looking back at every major stock market crash, including Black Monday, Black Tuesday, Black Thursday, 1989 Mini Crash, and of course 2008 Stock Market Crash.

ALL in October or the last weeks of September.

ALL had severe volatility prior to the collapse.

AND .. in 2010 on Sept 30th into October the DOW was at it's lowest point during this recession, testing the 10k limit.

FEAR October!