DOW IS FALLING DUE ITALIAN CAOS!!! EURO TANKING!!! -216!!! Nikkei opens 2,34% down!!!

Lol, kids and their dancing bananas...mine little guy can't get enough of 'em!

People think this is about the Italian election today.
It's not, as they are trying to stop the masses from stampeding into metals ! Thats why they hammered it last week ! Comex expiry today and delivery notice tomorrow !

Have you seen a 5 year chart of the BDI? Check this out:

Thread: BDI baltic dry index. 5 yr chart. Dead Cat bounce ...

For 5 years they have been trying to pump trillions into the banking system hoping it would spur lending and borrowing and consumption. What they got for their efforts was over inflated stock prices and a whole lotta Obama Phones.

Plus I've read that China may be reigning in credit expansion trying to calm down inflation in the cost of food and energy. There were a lot of Cramers saying China could carry the world's growth needs. Don't think that's gonna happen after you look at the BDI.

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:StockDoom:

Gold longs will have their day.... soon.

Last shake of the tree, knocking weak hands out of their positions. Hold on tight, shiz is about to get exciting.

it'll be positive for the week come friday.

Suckers.

Not so sure about that. If they kick the can on the sequester the markets could still go down, look what happened even after they passed TARP, the markets continued to go DOWN. If they don't kick the can on the sequester and let it happen the markets will go down.

This could be a pretty big major correction, down maybe 20-30%, until they can engineer one more rally and then the big bust. Who knows but gold is very near to entering permanent backwardation and when that happens TSHTF for reals.

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The American Stock Markets will be just fine.

Nothing to see here.

Leave your denominated assets in the system and all will be well.

Prediction: DJIA -1,000 tomorrow

Bump for later.

Man, I loves me some good sarcasm.



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DJ is so overrated almost of 80%

period




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We wait and hope !

Days to weeks before the bottom falls out?

I can blieve that. And yes, this is by far the most plausible doom on the board.

"hoping it would spur lending and borrowing and consumption" Thats not true. They have steered all the printed money into the financial markets to shore up leverage. They know what creates an expanding economy and they have shut it off. It's called the fractional lending/banking system. Everyone is so encumbered in debt that this system that typically supports an expanding economy is non-existant. It's called debt saturation.

Stick a fork in it !

It's Done !

Burping it...

Why is everyone so sure in this case?

nObamas 'Sequester' IS going to happen.

He wanted it in the first place - Republicans are letting him have what he wants..

It should be at 6000 right now not 14000.

Agree. The dow should be at 6k.

Interest rates dropping added quite a bit to the market. 14k today would be more like 9-10k at 2008 interest rates - if even that.

nObama has purposely focused his sights on giving reparations rather than keeping everybody working.

With all the crap about the '1%-ers', I find it so ironic that the '12%-ers' aka blacks - are totally in charge of what was the most powerful country in the world. They want it all or aint nobody gonna have it.

Between nObammas chosen sequester and the Pope stepping down, and with Obammy visiting Israel on 3/22 - expect to see some real movements in our stock market downwards sooner rather than later.

ONLY on glp is a -200 taken as a sign of anything other than a minor blip. I swear you idiots start doom masturbating when the dow goes -50 these days. Its nothing.

Me to - 6000 and I'd buy...

Burn motherfucker burn

Look at the two-year range. This is nothing special. Sorry.

Took a HUGE hit on my European dividend
stocks today.
Had to look away before lunch and
just think about my 8 percent dividends.

In and of itself it's nothing, but taken as a part of the whole it suggests that the irrational confidence shown by the markets is wavering. It won't take much more to crash the fucker.

Well said. Just as soon as the Feds stop buying treasuries and MBS......

I honestly can't believe any real money is invested (just the feds & primary dealers manipulating the market with their high frequency trading crap) other than our pension funds through non-FDIC insured mutual funds invested in fixed bonds that will go to zero when the feds say time is up.