Will the stock market tank before the close of trading today?
jmski52
Posts: 22,826 ✭✭✭✭✭
Do you think that after yesterday's volatility, the stock market will get spooked today and tank before the close? The big boys have had all night now to make changes in their trading programs, so it's a new game today, methinks.
What do you think gold will do today?
I think we will see some of the same stuff, only it will probably be "controlled" since Timmy won't want people to yank their money out of the market.
I've been wrong on short-term moves before. This could be a buying opportunity, but I'm thinking that's just crazy. What do YOU think?
What do you think gold will do today?
I think we will see some of the same stuff, only it will probably be "controlled" since Timmy won't want people to yank their money out of the market.
I've been wrong on short-term moves before. This could be a buying opportunity, but I'm thinking that's just crazy. What do YOU think?
Q: Are You Printing Money? Bernanke: Not Literally
I knew it would happen.
I knew it would happen.
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Comments
<< <i>Dow - dips farther Gold - up
Dont be so sure.....profit taking is a powerful force!!!
I vote that they ran the stops, and now will guarantee their buys are profitable.
<< <i>Dow - dips farther Gold - up
My $$$ is on the apposite to happen...
<< <i>Dow - dips farther Gold - up
As of 10:30...appears your crystal ball is partially correct...
<< <i>I'm glad to see a disconnect between the S&P and Gold and also to the inverse of the dollar, hope it continues. Gold needs to be soveriegn to really shine. >>
I know some of you guys are happy when gold goes up, I hold quite a bit of mining and PM mutual funds so I like to see it do well, but when it is at the expense of the nations economy do you really feel good?
"...I know some of you guys are happy when gold goes up, I hold quite a bit of mining and PM mutual funds so I like to see it do well, but when it is at the expense of the nations economy do you really feel good?..."
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If the "nation's economy" was not in the throes of destruction
at the hand of forces out of the control of most metal-owners,
there might be some "guilt" to feel. Such is not the case.
Metal prices reflect the problems in the nation's economy; they do
not create them.
My obligation to the nation and myself is to be responsible for
myself. Part of acting responsibly is to assure that I do not
become a burden to the nation. If any investment or storehouse
of private wealth helps me to meet that obligation, the sundry
governments that may come and go should be grateful for my
service to the "nation's economy."
point that we essentially have a planned economy. The real problem
isn't the Soviet type central planning it's the adherence to a status quo
that can no longer be maintained. There isn't enough oil and there isn't
enough of anything to maintain the demand that always propelled the
world economy in the past. The solution is now and always has been to
restrain consumption by all possible means. Population controls should
have been instituted everywhere long ago. Waste should be penalized
heavily rather than heavily subsidized. Efficiency should be rewarded
rather than corporate greed.
We are very quickly running out of time to avoid a population decrease.
<< <i>Dow - dips farther Gold - up
Your prediction was fairly accurate...Dow down & PM's up, except for Gold.
What's your call for Monday?
<< <i>I'm thinking a nearly full recovery, especially with the talk this was all based on a "mistake." Should be a bit wild at the open, but after a good increase, kinda boring by the EOD. FWIW >>
And THAT'S the reason I buy PMs and not stocks...although I haven't been doing great at that lately either...