Blackhatjack
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Fri Oct-10-08 12:40 PM
Response to Original message |
| 25. I subscribe to this formula: Only when all the bad news is out will a floor be established... |
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There are still furious attempts taking place to keep the shell game going.... keeping the bad news hidden, and the refusal of banks to lend to one another is an acknowledgement that all the bad news is still not out.
I changed my mind in the last few days and now believe we will see significant lowering of the present levels before a bottom appears. I think the foreign markets will play a role in what happens here because so many US investors were in those foreign markets. Plus mutual funds have seen a huge outflow which must be reversed.
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| -Ok the DOW has maintained for half an hour |
nadinbrzezinski |
Oct-10-08 11:53 AM |
#0 |
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No, yesterday was here or higher... |
originalpckelly |
Oct-10-08 11:54 AM |
#1 |
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Yep. Between two and four.. |
bemildred |
Oct-10-08 11:57 AM |
#7 |
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No... |
Juniperx |
Oct-10-08 11:54 AM |
#2 |
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And this is Friday, when traders don't want to keep the bags |
question everything |
Oct-10-08 11:56 AM |
#6 |
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they said on the news the last hour is the hour to watch nt |
marlakay |
Oct-10-08 11:54 AM |
#3 |
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It has been for a few.... |
nadinbrzezinski |
Oct-10-08 11:57 AM |
#8 |
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Too early to say, but I hope we're mostly through the selloff phase. |
Occam Bandage |
Oct-10-08 11:55 AM |
#4 |
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Who knows? Somebody this AM said they believed the floor was 8,200. |
napi21 |
Oct-10-08 11:55 AM |
#5 |
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This looks like a short term bottom |
gravity |
Oct-10-08 11:59 AM |
#9 |
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heh. Funny how our expectations have lowered. |
phantom power |
Oct-10-08 11:59 AM |
#10 |
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I believe the support level is 7800-8400 |
Juniperx |
Oct-10-08 11:59 AM |
#11 |
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This is how positive I am about this... it will reach the level it came down from |
nadinbrzezinski |
Oct-10-08 12:01 PM |
#14 |
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I think the huge bounce indicated we don't have a floor |
NYCALIZ |
Oct-10-08 11:59 AM |
#12 |
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Agreed. Bargain seekers are feeling out the market |
TornadoTN |
Oct-10-08 01:06 PM |
#39 |
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Jinx! |
jayfish |
Oct-10-08 12:00 PM |
#13 |
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Well we need to find a floor SOMETIME? |
nadinbrzezinski |
Oct-10-08 12:02 PM |
#15 |
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You've Got Some Strong Mojo There NB. |
jayfish |
Oct-10-08 03:06 PM |
#73 |
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Don't we have the auctions at 2pm? |
Mojorabbit |
Oct-10-08 12:06 PM |
#16 |
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I think, don't quote me here, that we already did |
nadinbrzezinski |
Oct-10-08 12:17 PM |
#17 |
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Ayup...slight bounce up after uncertainty was removed but falling again |
Roland99 |
Oct-10-08 01:45 PM |
#55 |
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Who knows? |
cwilheim |
Oct-10-08 12:26 PM |
#18 |
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I am expecting a deep recession not quite a depression |
nadinbrzezinski |
Oct-10-08 12:31 PM |
#19 |
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It just hit -478.77. There is no floor. |
tuckessee |
Oct-10-08 12:37 PM |
#20 |
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OMG. This is just amazing! I remember when it crahsed in '87. |
mycritters2 |
Oct-10-08 12:39 PM |
#21 |
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WEEEE!!!!!!!!!! |
nadinbrzezinski |
Oct-10-08 12:39 PM |
#22 |
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I wish it had found the floor as well. |
tuckessee |
Oct-10-08 12:47 PM |
#26 |
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I think they have priced in major non real-estate deflation already, so there's room for |
Kurt_and_Hunter |
Oct-10-08 12:39 PM |
#23 |
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7,400 or lower |
seemslikeadream |
Oct-10-08 12:40 PM |
#24 |
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I subscribe to this formula: Only when all the bad news is out will a floor be established... |
Blackhatjack |
Oct-10-08 12:40 PM |
#25 |
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That sounds sensible. nt |
Kristi1696 |
Oct-10-08 12:52 PM |
#30 |
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Paulson was hinting yesterday that more banks will fall.. |
Virginia Dare |
Oct-10-08 01:31 PM |
#52 |
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It is inaccurate to say banks won't lend because they don't know about other banks... |
Blackhatjack |
Oct-10-08 01:44 PM |
#54 |
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That makes sense... |
Virginia Dare |
Oct-10-08 01:50 PM |
#57 |
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dupe.. |
Virginia Dare |
Oct-10-08 01:50 PM |
#58 |
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exactly |
Two Americas |
Oct-10-08 02:53 PM |
#72 |
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Nadin? Have You Read anything from Ravi Batra? |
fascisthunter |
Oct-10-08 12:48 PM |
#27 |
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Yes, and he's been off by a couple decades |
nadinbrzezinski |
Oct-10-08 12:54 PM |
#31 |
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Really? Thom Hartmann Doesn't Seem to think so... |
fascisthunter |
Oct-10-08 01:20 PM |
#45 |
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I read his book the coming depression of 1990... as I said he's been off |
nadinbrzezinski |
Oct-10-08 01:23 PM |
#48 |
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End of the day will certainly tell some of the story..... |
gopbuster |
Oct-10-08 12:49 PM |
#28 |
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They tried |
nadinbrzezinski |
Oct-10-08 12:55 PM |
#33 |
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Just dipped below 8,000. |
Kristi1696 |
Oct-10-08 12:51 PM |
#29 |
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It is normal to re-test the area of support...so expect it. n/t |
gopbuster |
Oct-10-08 12:54 PM |
#32 |
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I hate to think about my parents at this point |
nadinbrzezinski |
Oct-10-08 12:56 PM |
#34 |
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Floor at 8000... talking head on the teevee |
nadinbrzezinski |
Oct-10-08 01:01 PM |
#35 |
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But what is that floor based on? |
Kristi1696 |
Oct-10-08 01:05 PM |
#37 |
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It is testing a bottom |
nadinbrzezinski |
Oct-10-08 01:07 PM |
#40 |
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The bankers need to be the ones welcoming regulation if they were thinking logically |
TornadoTN |
Oct-10-08 01:08 PM |
#41 |
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Not at least for a couple generations |
nadinbrzezinski |
Oct-10-08 01:24 PM |
#49 |
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I'm pretty sure we break 8000 |
anigbrowl |
Oct-10-08 01:11 PM |
#42 |
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The floor won't be found in just one day |
TornadoTN |
Oct-10-08 01:04 PM |
#36 |
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This is true...time to set a new trading range could take a while. n/t |
gopbuster |
Oct-10-08 01:18 PM |
#44 |
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It seems to be testing |
nadinbrzezinski |
Oct-10-08 01:20 PM |
#46 |
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I think we are just basically in limbo for now. nt |
gopbuster |
Oct-10-08 01:22 PM |
#47 |
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VIX is at 74. |
girl gone mad |
Oct-10-08 01:05 PM |
#38 |
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All bets are off then...we're into irrational territory now |
anigbrowl |
Oct-10-08 01:12 PM |
#43 |
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I just read an article regarding the rising VIX |
Lone_Star_Dem |
Oct-10-08 01:27 PM |
#50 |
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thanks. n/t |
girl gone mad |
Oct-10-08 01:31 PM |
#53 |
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We MIGHT be seeing a thaw in the credit markets... talking head on the TEeevee |
nadinbrzezinski |
Oct-10-08 01:28 PM |
#51 |
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Yes, a floor is technically the point at which the market |
BuyingThyme |
Oct-10-08 01:46 PM |
#56 |
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She brought out some discussion nothing wrong with that. :) n/t |
gopbuster |
Oct-10-08 02:17 PM |
#60 |
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Witching hour is here |
nadinbrzezinski |
Oct-10-08 02:05 PM |
#59 |
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Hell of a recovery |
nadinbrzezinski |
Oct-10-08 02:23 PM |
#61 |
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If it doesn't tank before the close, I'll be impressed. |
Kristi1696 |
Oct-10-08 02:27 PM |
#64 |
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No, we're still in the basement. n/t |
greguganus |
Oct-10-08 02:24 PM |
#62 |
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The market's been totally squerrelly today - now UP to only 80 down |
Husb2Sparkly |
Oct-10-08 02:25 PM |
#63 |
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I have hope we may finish in the black today |
spinbaby |
Oct-10-08 02:28 PM |
#65 |
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We will |
nadinbrzezinski |
Oct-10-08 02:38 PM |
#69 |
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Somebody wants to serve that crow |
nadinbrzezinski |
Oct-10-08 03:38 PM |
#80 |
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Plunge Protection Team |
BrainStorm |
Oct-10-08 02:28 PM |
#66 |
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I'm sure it was them who put the stop in this AM at least..my guess. |
gopbuster |
Oct-10-08 02:31 PM |
#68 |
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Its probably come up in anticipation of the G-7 miracle fix. n/t |
gopbuster |
Oct-10-08 02:30 PM |
#67 |
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The fix ain't what they expect |
nadinbrzezinski |
Oct-10-08 02:39 PM |
#70 |
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Historical close showing 8475 area right at the historical 200 monthly Moving average |
gopbuster |
Oct-10-08 03:06 PM |
#74 |
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I am betting on a deep recession |
nadinbrzezinski |
Oct-10-08 03:21 PM |
#76 |
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Unfortunately I think so too Nadin...severe slowdown and maybe I should |
gopbuster |
Oct-10-08 03:25 PM |
#78 |
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12 T... it took a 1T to get out of the depression |
nadinbrzezinski |
Oct-10-08 03:37 PM |
#79 |
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Yikes! n/t |
gopbuster |
Oct-10-08 03:57 PM |
#81 |
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Go ahead, call me Mrs Sunshine |
nadinbrzezinski |
Oct-10-08 04:03 PM |
#83 |
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Obama announces small business plan and Dow is up to +90. |
darkism |
Oct-10-08 02:40 PM |
#71 |
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Dow has finished the day -112.55. Floor may be near but not quite there yet. |
Selatius |
Oct-10-08 03:11 PM |
#75 |
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Well will know tuesday if we are now at the floor |
nadinbrzezinski |
Oct-10-08 03:23 PM |
#77 |
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True, but it was much, much lower earlier. And the Nasdaq is slightly up. |
Unvanguard |
Oct-10-08 03:59 PM |
#82 |
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I'm not gonna say we're out of the woods yet until full Quarter 3 results are known. |
Selatius |
Oct-10-08 04:32 PM |
#84 |
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