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Stock market carshing! -200 points in minutes
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[quote:Anonymous Coward 6630717:MV8yMDQyNTk0XzM0MzMwNzg2XzMxMENEODc2] [quote:Saddletramp:MV8yMDQyNTk0XzM0MzMwNjMxXzRENUVGRTI5] [quote:Anonymous Coward 6630717:MV8yMDQyNTk0XzM0MzMwNDA4XzFDMkJDMTIw] [quote:Waterbug:MV8yMDQyNTk0XzM0MzMwMjI3X0JBMkZDMjgx] [quote:FatalW1shes:MV8yMDQyNTk0XzM0MzMwMTA3XzhBNUYxRTVB] [quote:Waterbug:MV8yMDQyNTk0XzM0MzMwMDE2X0U1ODE3NUJB] [quote:FatalW1shes:MV8yMDQyNTk0XzM0MzI5OTc4XzFCREFBMjhF] The only reason it is going down is this. Investors are cashing in their profits now so they don't have to pay higher capital gains taxes later. They pay 15% now, 23% later. They are selling now to maximize their profits. That is all. We Have QE3 infinity...... The market cannot crash. [/quote] Or.... the shrewder are getting the fuck out while they still can.. [/quote] In time that will tell. The fact that it is going back up tells me the smart people took their profits off the table this morning. PPT is in effect now....We'll see where it closes. Volume has dropped off. Closing will tell us more. [/quote] People are still in shock. When investors realize what four more years really means for their investment... 'Katy bar the door..' IMO. [/quote] Today's action is also partly due to the 80k protestors in Athens rioting over austerity. If the election was months away, we'd be seeing a down day over Greece anyway. Here comes the bounce. [/quote] The Dow futures were way off before the Greece thing every got off of the ground... Maybe in stocks we may see a dead cat bounce tomorrow, maybe 1/3 of today's loss. In oil I think the downward pressure remains... [/quote] Agreed, the election is also a big factor. And I really don't know what to expect commodity wise. Likely short term pressure but QEinfinity still hasn't really impacted commodities (after the bounce and immediate retrace) as expected. I invest primarily in growth stocks in the commodity sector including juniors. Maybe that's why I laugh at the reaction to a 2% down day - that's nothing lol. [/quote]
Original Message
Stock market carshing! -200 points in minutes.
[
link to www.marketwatch.com
]
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