Hang on....market in another freefall today

18 Aug 2011 10:58 #21 by bailey bud
The EU balance of trade is negative - meaning we buy more from the area than we sell to.

A weaker EU would tend to lower cost for consumers/resalers (which increases unit consumption).

I'd likely skip the Octoberfes on Frankfurt, but would be sure to enjoy Christmas in Italy.

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18 Aug 2011 21:11 #22 by akilina

BearMtnHIB wrote: http://finance.yahoo.com/blogs/daily-ticker/end-game-aproaching-europe-no-way-debt-restructuring-171536164.html


Couldn't get the link to open but probably the same one someone sent via email w/o the link. Good read.

IN NOVEMBER 2014, WE HAVE A GOLDEN OPPORTUNITY TO CLEAN OUT THE ENTIRE HOUSE AND ONE-THIRD OF THE SENATE! DONT BLOW IT!

“When white man find land, Indians running it, no taxes, no debt, plenty buffalo, plenty beaver, clean water. Women did all the work, Medicine man free. Indian man spend all day hunting and fishing; all night having sex. Only whit man dumb enough to think he could improve system like that.” Indian Chief Two Eagles

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18 Aug 2011 21:13 #23 by akilina

bailey bud wrote:
There's no fundamental reason why the US stock market should be in a precipitous decline.


Yet it is.

IN NOVEMBER 2014, WE HAVE A GOLDEN OPPORTUNITY TO CLEAN OUT THE ENTIRE HOUSE AND ONE-THIRD OF THE SENATE! DONT BLOW IT!

“When white man find land, Indians running it, no taxes, no debt, plenty buffalo, plenty beaver, clean water. Women did all the work, Medicine man free. Indian man spend all day hunting and fishing; all night having sex. Only whit man dumb enough to think he could improve system like that.” Indian Chief Two Eagles

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18 Aug 2011 21:41 #24 by Residenttroll returns
So when is this Magical Misery Tour going to end?

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19 Aug 2011 07:04 #25 by bailey bud
the traders will eventually get tired of all the bad news, and will start buying.

Only half of the market value is based on facts. The other half is mood/sentiment
(I prefer the term 'psychobabble')

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19 Aug 2011 07:25 #26 by LOL
The focus now is on the Euro debt problem which has no clear solution. If GDP turns negative in some of those countries, default and a new non-Euro currency is probably their only option.

The next focus will be the super debt commission in Congress this fall. Budget cuts are coming and companies dependent on Gov. revenues (defense) are going to go lower. IMO

If you want to be, press one. If you want not to be, press 2

Republicans are red, democrats are blue, neither of them, gives a flip about you.

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19 Aug 2011 07:47 #27 by FredHayek
SSDD. Looks like Friday is starting off weak too.

Thomas Sowell: There are no solutions, just trade-offs.

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19 Aug 2011 13:09 #28 by BearMtnHIB
Who wants to be in the market over this weekend?

Ans; Nobody!

Dow is tanking in the last hour of trade, everybody getting out.

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19 Aug 2011 13:21 #29 by bailey bud
The Dow is down 5 percent over the last week.

I would not call that "tanking," really.
(I'd note that today's volume is unusually high, though)

Yes - it's a loss. No - it's not devastating. I can certainly absorb a 5% decline in my retirement.

If you can't handle normal price fluctuations - get out!

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19 Aug 2011 13:47 #30 by BearMtnHIB

If you can't handle normal price fluctuations - get out!


Oh- I'm out. Been out.

I have minimum exposure - less than 15%.

http://finance.yahoo.com/news/Stocks-turn-lower-as-traders-apf-4253851125.html?x=0&sec=topStories&pos=main&asset=&ccode=

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