Lost all of Fri's gains. Almost identical close to Thu.

Seems to me it doesn't have support.

Somebody is making a shitstorm of $$$ on these 100+pt swings. Sure as **** ain't me.

Surely you aren't misinterpreting this as anything other than proof the stimulus worked.

(05-24-2010 03:31 PM)Paul M Wrote:  Surely you aren't misinterpreting this as anything other than proof the stimulus worked.

Paula, the stimulus worked/is working. What isn't working is your brain.

Fear is in control. It's a giant "sale" sign on every dip. Try to keep half your portfolio liquid. It's tough though.

The stock market is unstable, manipulated, and difficult to price at the moment. Should it be 12,000 or 6,000? No one really knows for sure. I'm keeping my money on the sideline. Mostly cash, some silver, my home, and an international mutual fund. Keeping your money in the stock market is like gambling, not investing.

All of that is fine above Jugnaut. But you can not convince me that banks lending money out at 4-5% when their cost is essentially free is a gamble. If you want to equate it as a gamble, the banks are the Casino.

(05-25-2010 02:23 AM)RobertN Wrote:  

(05-24-2010 03:31 PM)Paul M Wrote:  Surely you aren't misinterpreting this as anything other than proof the stimulus worked.

Paula, the stimulus worked/is working. What isn't working is your brain.

Robert is right, the stimulus did exactly what it was designed to do. Government programs have grown, private wages are at historic lows, deficits continue to rise and the market is tanking.

DJIA Futures headed off a cliff

This stimulus is indeed working.

MJ Perry has plenty of stats to say the recovery is in full swing...manufacturing and transport data...but I'm still skeptical.

Oil prices are down too. That says that the "recovery" we've heard so much about, is mostly fiction, due to lower demand of basic fuel costs.

If the DJIA plunges below 9K, then I believe it's strong evidence that these tweaks have run their course. Growth will only occur if the fundamentals are corrected.

(05-25-2010 08:38 AM)DrTorch Wrote:  If the DJIA plunges below 9K, then I believe it's strong evidence that these tweaks have run their course. Growth will only occur if the fundamentals are corrected.

Roubini is predicting that, has been for a while now.

The recovery we've seen in the last year is largely the result of TARP more than anything. We were artificially low because of the panic and we recovered to where we should be and then built on it. The problem is that the underlying problems still remain and have been made worse by the issues in Europe.

Companies still aren't hiring and it doesn't appear they will start anytime soon. Deficits certainly aren't going down and taxes are going to be going up next year. I think we'll continue to see the market going up and down but the overall economy itself will remain basically unchanged.