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Debates Forum

  1. Subscriber my2sons
    Retired
    07 Nov '12 22:34
    market will be down 1000 pts by end of month, 3000 by end of year and another 5000 by end of January. Americans with wealth are liquidating assets as quickly as possible and are in the process of leaving the country in droves plunging the country into a third world status making Greece look like a picnic.
  2. 07 Nov '12 22:51
    Originally posted by my2sons
    market will be down 1000 pts by end of month, 3000 by end of year and another 5000 by end of January. Americans with wealth are liquidating assets as quickly as possible and are in the process of leaving the country in droves plunging the country into a third world status making Greece look like a picnic.
    Nonsense
  3. 07 Nov '12 22:52
    Down amid worried over the European economy.

    Considering the market has doubled since Obama's inauguration and quadrupled since its March 2009 low, yes investors must be freaking out over more of the same.
  4. Subscriber my2sons
    Retired
    07 Nov '12 23:42
    Originally posted by USArmyParatrooper
    Down amid worried over the European economy.

    Considering the market has doubled since Obama's inauguration and quadrupled since its March 2009 low, yes investors must be freaking out over more of the same.
    The market surged believing a Romney victory was at hand. Now we have Obama and his socialist policies combined with trillion dollar deficits for the next 4 years, the stock market is in the process of collapsing back to 2008 levels.
  5. 08 Nov '12 00:32 / 1 edit
    Originally posted by my2sons
    market will be down 1000 pts by end of month, 3000 by end of year and another 5000 by end of January. Americans with wealth are liquidating assets as quickly as possible and are in the process of leaving the country in droves plunging the country into a third world status making Greece look like a picnic.
    Are you watching Fox News or the cartoon network?
  6. Standard member Soothfast
    0,1,1,2,3,5,8,13,21,
    08 Nov '12 00:34
    Originally posted by my2sons
    The market surged believing a Romney victory was at hand. Now we have Obama and his socialist policies combined with trillion dollar deficits for the next 4 years, the stock market is in the process of collapsing back to 2008 levels.
    The market goes down 300 points and it's "collapsing"?
  7. 08 Nov '12 00:36
    Originally posted by my2sons
    market will be down 1000 pts by end of month, 3000 by end of year and another 5000 by end of January. Americans with wealth are liquidating assets as quickly as possible and are in the process of leaving the country in droves plunging the country into a third world status making Greece look like a picnic.
    Futures were rising Wednesday morning until Draghi’s statement on Europe. That, combined with a sell-off of “Romney bets” in specific sectors (e.g., financials), which presumably were reflected in the earlier futures numbers, is likely the main driver of the market drop. Fiscal uncertainty still looms, but it is hard to see how anyone could claim that uncertainty Wednesday is greater than it was on Monday . . .
  8. 08 Nov '12 00:45
    Originally posted by Soothfast
    The market goes down 300 points and it's "collapsing"?
    Yeah: 2.36% on the Dow, 2.37% on the S&P, 2.48% on NASDAQ. More than noise, but not a seismic event. (Well, maybe for some day-traders . . .) I mean, to see these levels, you have to go clear back to—August.
  9. Subscriber my2sons
    Retired
    08 Nov '12 01:34
    Originally posted by vistesd
    Yeah: 2.36% on the Dow, 2.37% on the S&P, 2.48% on NASDAQ. More than noise, but not a seismic event. (Well, maybe for some day-traders . . .) I mean, to see these levels, you have to go clear back to—August.
    wait until tomorrow, forcasts show another 300 plus drop. The rout is on.
  10. 08 Nov '12 01:40
    Originally posted by my2sons
    wait until tomorrow, forcasts show another 300 plus drop. The rout is on.
    You can't forecast the stock market like the weather, otherwise everyone would be rich.
  11. 08 Nov '12 01:40 / 2 edits
    Originally posted by my2sons
    wait until tomorrow, forcasts show another 300 plus drop. The rout is on.
    See ya tomorrow! (I'm not a day-trader though, so my horizon is a bit longer; so I'll think in terms of your longer predictions: next month, year-end, after January.)
  12. 08 Nov '12 02:04 / 1 edit
    Originally posted by USArmyParatrooper
    You can't forecast the stock market like the weather, otherwise everyone would be rich.
    Actually, I think it's almost the other way around--but basic point well-taken anyway. Nice to see you back here; hope you're well.
  13. 08 Nov '12 02:18
    Originally posted by my2sons
    The market surged believing a Romney victory was at hand. Now we have Obama and his socialist policies combined with trillion dollar deficits for the next 4 years, the stock market is in the process of collapsing back to 2008 levels.
    Obama - a socialist - you really don't know what a socialist is do you? Admit it you get your info from Rush. If you are so unhappy you can leave.
  14. 08 Nov '12 02:38
    Interestingly, a quick consult with Finviz shows stock market futures slightly in the green at present. Less than 1/2%, which I really don’t count, but still, not a 2.0%+ drop for tomorrow. We’ll see however.
  15. Subscriber no1marauder
    It's Nice to Be Nice
    08 Nov '12 02:40
    If the market really priced in a Romney victory, it was irrational; he was an underdog since the beginning.