U.S. Stocks End Lower ............... (NASDAQ down over 9% this year)

[cthrumatrix]

U.S. Stocks End Lower

22 minutes ago Business - Reuters



NEW YORK (Reuters) - U.S. stocks ended lower on Tuesday as crude oil prices rebounded and a 4.7 percent decline in heavy equipment maker Caterpillar Inc. (NYSE:CAT - news) hit the Dow.

The Nasdaq notched a fresh closing low for 2005, while the Standard & Poor's 500 hit a fresh low for the year before recouping some losses. The Dow Jones industrial average ended at its lowest level in about 2 months.

snip

http://story.news.yahoo.com/news?tmpl=story&cid=568&ncid=749&e=7&u=/nm/bs_nm/markets_stocks_dc


That economic rebound (that never was) is about to take a major dive

thanks to another Greenspan "interest rate induced bubble economy"

[BlueManDude]

1. Bush and his faith based economic policies are killing my portfolio

[Megahurtz]

6. His policies already killed mine.

eom.

[Toots]

20. Well whatever you do don't invest in Clean Energy

Oil is good now.... My ECLN is not doing very well at all.

[RobertSeattle]

2. Damn, if I had only "invested" my money in SOCIAL SECURITY...

:evilgrin:

[catzies]

3. Or war. I sold stock when I found out the co. took Carlyle Group money

If I had no morals, ethics or scruples, I could make a KILLING in killing.

War is good for business, when your business is WAR.

[ozone_man]

15. Don't laugh, the falling market may save S.S.

If it gets to be seriously considered, then a return to the bear market may be the thing that dooms the piratization of S.S. funds. After all, who likes to invest in an obviously losing proposition. The next two years should be major downers, bringing back the bear in full force. JMHO.

[cthrumatrix]

4. 7 Interest Rate Hikes and Oil Prices will "put a lid" on this market....

Oil prices are the main problem.................

[kurtyboy]

18. 7 hikes done, 12-15 left to go....

And inflation will still hit 6.5% in the next five years (no facts to back this up--wild ass guess---you heard it here first!)

Ironically, the market should shadow this inflation, to some degree, masking the deep doo-doo we might really experience. (Market up 5%, inflation up 6%, net loss of 1%--but all the papers will report is the sizzling-hot market, until a Dem takes office, then flippity-floppity time happens.)

Or Not--Hell, if the economy were easy to predict, the majority of people wouold be getting richer, not poorer.

[isit2008yet]

5. I see more bad news down the road...

consumer sentiment is down the second month in a row....
30% of housing loans are variable rate loans...
Gspan keeps raising rates....
Gas hits $3.00 a gallon this summer....

We dive head over heels into a huge recession by summer's end and those variable rate homeowners are homeless; the equity loans that propped up our "rosy" economy are like balls and chains for strapped homeowners who have even less disposable income because of higher prices at the pumps and stores.

just my little doomsday 2 cents worth.

[cthrumatrix]

7. you are "spot on"...........

[CountAllVotes]

10. it was $2.89 today

in northern Calif. Give it another week and $3.00 will a reality!

No need to wait for summer! Summer = $4.00 gallon I betcha!

:kick:

[isit2008yet]

12. That's the new terroism...

terror at the pumps. I hate it for you guys on the coast but it doesn't look good for the little guy. Chimp is champion the big cooperations and pimping for their profits at our expense....it's gonna be a long three years...:banghead:

[tjwash]

13. People that have used interest only ARMs to buy multiple houses...

...are screwed. Rates went up again today. Rates and prices are up, and the houses are not selling fast like they were. Banks being the greedy assholes they are, will foreclose quick, and do the 2000's version of the land snatch. We went through all this already in 90-91 with poppy bush's bungling as well in the real estate market. If you could get a thirty year fixed at 9% you were doing good.

[ozone_man]

16. The debt bubble is about to pop.

A lot of things lining up here to spell doom for the economy. The debt bubble is the biggest factor, but oil prices and rising rates will put the squeeze on. Whatever consumer spending is left gets to be 2/3 of our calculated GDP. I think we will be seeing negative GDP within a year or two. Well, that assumes that the neocons stop deficit spending like crazy, but there is a limit to even that bubble, as much of the world is abandoning the dollar in favor of the euro and gold.

[w4rma]

8. Nearly 1/10th of the total value of NASDAQ's stocks. That's bad. (nt)

[whistle]

9. On what news is this down trend based I wonder....

<snip>

The Dow Jones industrial average (^DJI - news) dropped 79.95 points, or 0.76 percent, to 10,405.70. The Standard & Poor's 500 Index (^SPX - news) dropped 8.92 points, or 0.76 percent, to 1,165.36. The Nasdaq Composite Index (^IXIC - news) dropped 18.64 points, or 0.94 percent, to 1,973.88.

[ckramer]

19. Yeah, remember DJI at 10.800+ several weeks ago?

it goes down fast!

[whistle]

24. Would anyone care to roll over their social security private...

...acounts into the stock market?:think:

Say, now that's an option the democrats could put out on the table. Take what everyone now has in the social security trust fund and return that money in cash and then let them scrammble for the best investments they can find. Let me see, I've been paying into the fund since I began working at 16 and I have three years before I retire, so.....:freak: uhmmmm.....include interest earned to date......daa dee tah tah.....:bounce:...include employer's share :woohoo: that's over $469,000 in cash!!! Tax free!!! I'll take it!

[On the Road]

11. Candlestick Pattern

pointed out by posters on Clearstation.com:

Falling Three Methods
Bearish

How to Identify it

* The first day is a long black day
* The second, third, and fourth days have small real bodies and follow a brief uptrend pattern, but stay within the range of the first day
* The fifth day is a long black day that closes below the close of the first day

What it Means

In a downtrend, a long black day occurs, following by three days of small real bodies that fall into a short uptrend. On the fifth day, the bears come in strong to close at a new low. This small uptrend, in between two long black days, is consistent with investors taking a break. The downward should continue.

This seems to be a pretty classic example of the pattern. We'll see how it plays out.

[ckramer]

21. If you look at the chart, NASDAQ is going to be under 1,900 soon!

Both DJI and NASDAQ are heading down, and fast.

I see DJI be trending under 9,000 this year, and Nasdaq below 1,750 at end of the year.

A bear market for stocks in 2005!

It's gonna be painful for people looking at their 401K mutual fund statement each quarter!

haha, bye bye to Bush's owner seciety SSN reform piedream.

More importantly, democrats will win the White House because of the sorry economic situation.

[On the Road]

25. When Everyone Thinks the Trend is Down

it usually signals that a bottom is near. And the market has been sideways for quite awhile.

But -- if it drops from here, the market could be in freefall for a couple hundred points. There are not a lot of support levels nearby.

[Zynx]

26. The Relative Strength Index of the Dow is currently at a very oversold

level. While it is possible the Dow could do a summer of 2002 move and keep going lower despite technical indicators that point to an immediate bounce, the odds are that we will have a technically driven bounce in the next few days. I am willing to bet the Dow will be higher a week from now than it is now.

[On the Road]

27. You Also Have the Turn-of-the Month Effect

to drive the market up temporarily.

On the other hand, once a trend is established, overbought and oversold tend to go out the window. The question now is whether the market is still range-bound or it's established a real donwtrend.

[daleo]

14. One short range factor may be the Shiavo episode.

When investors see the entire apparatus of the U.S. government swing into action over this matter while ignoring the deficit, they must get concerned about the level of sanity directing the whole process.

[deacon2]

28. Cogent point

Even the purest of techs have to weigh the actions and intentions of the commander of this floundering frigate from time to time. I don't think they like what they saw and went back underground until the pontificating stops.

[lastliberalintexas]

17. Yeah, when does the fed meet again

Sometime after the 3d Q? Expect things to get much worse as Greenspan continues in his quest against The Dreaded Inflation by eventually tripling I rates from where they are now.

[Yavin4]

22. We Have A Complete Idiot As President for Another Four Years

We saw what he did economically in the first four. Did we think that anything was going to change in the next four? When Bush took over for Clinton in 2000, the Dow was at 11,500, and we still haven't gotten back to that level. Yet, Kudlow and Craemer will tell you that Bush is great for stocks.

[ckramer]

23. The stock market today is merely a product of Bush re-election rally.

The honeymoon is finally over!