Pre-Markets Carshing Again!

Schmita year.

Canada is definitely overdue on the housing crash. Canadian homes are 40% to 60% overvalued across the nation while wages have been stagnant for almost 10 years.

So if the housing market in Canada collapses, it will be a bad one.

Another day, another carsh!

Obama is punishing them just like Russia with the oil carsh.

my guess: -499

I'm guessing the DOW will be down 4% to 5% today. Seeing how bad the markets are tanking worldwide.

No way....
250

lost all my money trying to fight this market

go all on on vix

it will gap higher by 300 tomorrow

Never say never. All 30 of the premarket DOW components are tanking.

Now crashing

Nvm

Obviously you are new here and NOT entitled to know yet !

This is just a typical day here at GLP... They start out crappy and than "just like that" they get even crappier!!!

And actually that is bad news for the market...since now the FED has more cover to keep on the road to end QE

Dow open...

-106

So it begins...

Markets open -165

This is a correction market. Once the DJIA hits 15500 (roughly) they will all say the market has "corrected". A correction is a 10% drop from the recent high. That's what we're looking at. After a correction the market traditionally evens out and either stays around that or begins to regain.

However, with everything else going on; ebola, housing, unreported unemployment, food price increases, and things like the Baltic Dry Index showing that shipping prices barely cover the expense of shipping in the Baltic (meaning they're not making any money).... with all of that I think we're going to blow right on by the "correction" of 15500 and it will keep dropping. If that happens, WORRY. But if it's manipulated in such a way were it evens out around 15500 then doom off. And what I mean by evens out is STAYS around 15500 for a long time, not just a day or two. It could hit correction and sit there for a couple of days / a week then start tanking again. So when I say evens out and stays there for a while I mean for months.

You must be new here.

Double post..

Last Edited by Deplorable_Pepe on 10/16/2014 09:32 AM

It will be green by the end of the day. The market is so rigged it won't stay red for long.

Anyone watching cramer and faber? It's surreal.

Didn't even realize that hedgies could be long oil and short bonds.

Yep. Everything in business is baseD on growth. More products, more customers, more sales, etc. Government is based on growth too. More citizens, more houses, more people, more services which nets more TAXES.

Well, if the population decreases, we got issues... Business and Government don't know how to function with status quo or decreasing customers.

Business just goes out of business because they can't handle fewer customers. Can the government go out of business to restore balance?

Last Edited by TheToolMan on 10/16/2014 09:38 AM

Morning all...

It's because it doesn't take into account those who are working part-time or vastly below their normal work hours.

Dow 16K WILL be defended toof and nail!



bank on it!

I have a feeling we would see the fangs of the Serpent clamp soon either in the Stock Market or....

-60 baby is coming back,, I predict it will end up +250