31 replies to this topic

[stirs]

Seems the stock market started heading down last month and cannot seem to find a bottom.

All you financial guys, any clue where the bottom will be? I have heard as much as a 20% adjustment

[Jase]

next support is 1330.

I have a feeling we'll float up all december, then back down again in january when all of the fiscal cliff stuff comes to a head.

QEinfinity will probably keep it from being too bad.

[pstall]

infinity.

i tend to agree. how dc tackles the cliff will send signals to wall st. its open enrollment now for most companies so im sure they have built in adjustments to be safe without knowing who the prez was going to be. except for maybe GE. *snark*

i dont think housing and job reports the next 2 months are going to be any good at all.

[stirs]

So, are we going under 10k?

[pstall]

oh no question we go under 10. when and for how long is the question.

[stirs]

Are lots of people selling off to avoid higher taxes, capital gains and stuff or is it just the economy sucking heading forward?

[pstall]

well it is year end and there is talk about taxes going up. some are doing that/locking in profit. some are dumping all their dividend earning stocks or moving funds elsewhere.

[KaseKlosed]

stock market is a joke! used to day trade.....and figured it out fairly quickly....crooks making a killing

[pstall]

why would you get out of something you figured out?

i also use to day trade. its more algorithm and proprietary software now more than anything else. too many quants and market makers out there.

[RedMage138]

why would you get out of something you figured out?

This.

Unless by figured out you mean "lost all your money", which, by the intelligence level all your posts exude, wouldn't surprise me.

[stirs]

Guess the doctoring of jobless numbers is now over after the election. Todays numbers will not make Wall Street happy

[pstall]

remember tho. i will always say this. buy on bad news. sell on good.

[Gazi]

And when the market rebounds like usual these treads will disappear

[pstall]

they won't. like the market, threads go up and down.

[Gazi]

next support is 1330.

I have a feeling we'll float up all december, then back down again in january when all of the fiscal cliff stuff comes to a head.

QEinfinity will probably keep it from being too bad.

I wanted to start a thread on this but you summed it all up.