Stock Market Today - Intraday discussion - Page 472  

Big trouble ahead for the markets. I look for it to give back all of its gains by the weekend

Infusing credit adds liquidity right, but they don't speak of where or whom that liquidity is being lent to. If the US consumers don't get a grasp on their budgets, and the lenders don't show some responsibility for their lending practices the system is doomed. Theres a difference between wise spending/investing and poor spending.

The ARM/interest only mortgages have not fully propagated adjustments yet. There will be many more foreclosures and people that made bad decisions will be hurt. It's clear to me that something has to change in the US where people begin to live within their means. If major changes don't happen people will continue to have equity in nothing and at some point in the future be caught with their pants down in a soup kitchen.

JMO

Premarket looked weak though I called for a test of support at the 930 level and we got some support there on the weak gap down. Nice lil pop to begin the day here though I'm bearish short term.


Let's not forget there is an open gap down at 11,760ish on the YM...that should fill before any rally would be believed typically.


Longer term though look at the volume/support on the monthly chart of the DJI. I think we could have put in the bottom since selling has been pretty dry on the test of the lows.

Ahh..I see what you mean. I stuck my big toe in yesterday. Pulled out today. Somethig in the water tried to bite it off!

Piranah

pretty big 11:00 rally here before we go to new lows IMO

Paulson calling for tougher rules on mortgage bankers is the same as the fox asking for better locks for the hen house doors.

do not buy into these false rallies

If the bears can't take down this market today, it will be a sign the bears are are getting weak. There is enough bad news out there to drive the market down 300 points. Anything less than a 100 drop in the DOW is a victory for the bulls. It won't take much good news to get the market to rally big to the upside. The bulls are set to run.

Sorry about stretching the screen.

I'm glad I got you converted to a volume by price fan.

How's everything goin for ya?

It's still has it's teeth around your toe, as you're pulling your toe out.

man simon go back to tobias.. this guy is even more freaky.. unless that is u, then forget what i said.

The bear market appears to be wrapping up. Today's news consisted of foreclosure rates up 60%, big foreign market selloff, Gold over $1000, Oil over $110, retail numbers much worse than expected.....and the market is now green. Just think what good news will bring. Of course I have forgotten what good news looks like, but one day soon.....

You don't like my picture? I even smiled real nice for the camera.

That's buster from arrested development. It makes me crack up just looking at it. I can't imagine what people are thinking if they haven't seen the show.

Get a pic of him with the hook hand.