Results 1 to 6 of 6
  1. #1 DOW tanking Jan. 24, 2014.... 
    Resident Grandpa marv's Avatar
    Join Date
    Jul 2009
    Location
    Shell Knob, MO
    Posts
    3,035
    http://www.cnbc.com/id/101361746

    For every share rising, six declined on the New York Stock Exchange, where 434 million shares traded as of 1:35 p.m. Eastern [1.24.14]. Composite volume surpassed 2.7 billion.

    The yield on the 10-year note fell 4 basis points to 2.743 percent; the dollar gained against the currencies of major U.S. trading partners; gold for February delivery reversed course, lately down 50 cents at $1,261.80 an ounce, and crude-oil futures for March delivery slipped 57 cents, or 0.6 percent, to $96.75 a barrel.

    http://members.socket.net/~mcruzan/images/allen-west.jpg

    Four boxes keep us free: the soap box, the ballot box, the jury box, and the cartridge box.

    THIS POST WILL BE MONITORED BY THE NSA
    Reply With Quote  
     

  2. #2  
    Fabulous Poster
    Join Date
    Mar 2010
    Posts
    10,161
    Phil Grande sounds like he gargles with battery acid.
    Reply With Quote  
     

  3. #3  
    Power CUer
    Join Date
    Dec 2009
    Posts
    35,194
    So have we come to the point that reality trumps smoke and mirrors ? We all know its coming, just a matter of when and whats coming is not what this week brought but a more staggering correction. The big money has been coaxing the markets but they all knew it could last only so long and that its the rest of the world thats kept us on life support. But the world cant bouy us anymore and as we flatly refused to listen to them and deal with our spending problem its really all our own fault. So, bets on how big the correction will be and what quarter this year ?
    If you like your congress crittets you can keep them. If you don't, you know what to do.
    Reply With Quote  
     

  4. #4  
    Resident Grandpa marv's Avatar
    Join Date
    Jul 2009
    Location
    Shell Knob, MO
    Posts
    3,035
    Is this the China "big bang" everybody's been talking about?

    http://members.socket.net/~mcruzan/images/allen-west.jpg

    Four boxes keep us free: the soap box, the ballot box, the jury box, and the cartridge box.

    THIS POST WILL BE MONITORED BY THE NSA
    Reply With Quote  
     

  5. #5  
    Senior Member DumbAss Tanker's Avatar
    Join Date
    Jun 2002
    Location
    Missouri
    Posts
    2,739
    It looks like it has more to do with widespread disappointing top-line revenues being reported, and the Argentine currency devaluation demonstrating that all those Third World debt crises aren't really behind us after all. China is a factor, but not the big driver, on this one. As for coach's point: It would be nice if it were a sound sense of reality finally penetrating the crystal curtains of Wall Street and the NYC financial district, but I suspect it's more a case of nerves and herd mentality in the aggregate.

    Of course at the current levels, there are probably also tons of automated 'Sell' orders on hair trigger if it does start to look like a real correction is underway to whatever algorithm a particular trader is using, which has the potential to landslide a bunch of falling shares into a falling market for a couple of days (Before live humans with decision power see things that look like buying opportunities and step in), which could turn into a self-fulfilling prophesy situation.
    Reply With Quote  
     

  6. #6  
    Power CUer
    Join Date
    Dec 2009
    Posts
    35,194
    I see IMF has taken the opportunity to call for resumption of that 10bil reduction of fed money printing. There is no recovery its a sugar high and the economy has developed diabetes. Coma coming, just a matter of when.
    If you like your congress crittets you can keep them. If you don't, you know what to do.
    Reply With Quote  
     

Bookmarks
Bookmarks
Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •