Home › Forums › Financial Markets/Economics › Post Election Blues: Dow -176pts, Nasdaq -39, S&P500 -21
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Coronita.
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November 7, 2012 at 6:43 AM #20252November 7, 2012 at 7:01 AM #753903
The-Shoveler
ParticipantMy 401K has been in neutral all year, so it looks the same this morning.
For selfish reasons I would like to see the big crash I have been expecting.
A 30 to 40% drop would give me a real nice entry point.
The Euro situation I think will start to come more into play now,Poor Merkel, can’t win the election and keep in the euro-zone ( a catch 22), Kind of funny if it were not so serious.
November 7, 2012 at 7:01 AM #753901spdrun
ParticipantMy stocks are actually fairly steady today. Love renewables!!!
This being said, I’m hoping for a 10-20% correction. Should be a nice opportunity to make moneh!
November 7, 2012 at 7:03 AM #753904CoronitaParticipant[quote=spdrun]My stocks are actually fairly steady today. Love renewables!!![/quote]
Yes, but several people’s retirements aren’t self-directed.. Furthermore, several people aren’t proactive in their management and believe in just the hold and wait strategy….
It will definitely be interesting…
XLP is not a bad holding for me for the past years as a crisis economy holding…
November 7, 2012 at 7:04 AM #753905ParticipantYes, but several people’s retirements aren’t self-directed..
Fortunately, I’m not several people, just me. Having one ego in several bodies would be disturbing for all to see.
November 7, 2012 at 7:12 AM #753906CoronitaParticipant[quote=spdrun]
Yes, but several people’s retirements aren’t self-directed..
Fortunately, I’m not several people, just me. Having one ego in several bodies would be disturbing for all to see.[/quote]
Didn’t say you were…Just commenting on the state of affairs on a lot of Amerikans… But it will be interesting to see that how the markets react till year end…
Rome is burning….
November 7, 2012 at 7:12 AM #753907CoronitaParticipantDow -220 and falling….
November 7, 2012 at 7:19 AM #753908CoronitaParticipantmake that -239 and falling…
November 7, 2012 at 7:23 AM #753911livinincali
Participant[quote=flu]make that -239 and falling…[/quote]
Yeah it’s shaping up to be a trend day down. Maybe we get a small bounce later on but I figure we close near the lows today, whatever that might be.
November 7, 2012 at 7:25 AM #753913Participant[quote=spdrun]My stocks are actually fairly steady today. Love renewables!!!
This being said, I’m hoping for a 10-20% correction. Should be a nice opportunity to make moneh![/quote]
Forget renewables you should be in guns. Look at SWHC or RGR today.
November 7, 2012 at 7:27 AM #753916Veritas
Participant[quote=flu][quote=spdrun]My stocks are actually fairly steady today. Love renewables!!![/quote]
Yes, but several people’s retirements aren’t self-directed.. Furthermore, several people aren’t proactive in their management and believe in just the hold and wait strategy….
It will definitely be interesting…
XLP is not a bad holding for me for the past years as a crisis economy holding…[/quote]
Interesting as in have a long and interesting life…
Now maybe we will get real unemployment stats. What will be interesting is to watch Iran and Israel as well as Putin. That is even more interesting than watching stocks and bonds.It is almost time to make predictions, such as when will the Euro unravel and each nation returns to its own monetary system. My prediction, this is the 1930’s all over again with IT. As Europe returns to its pre-Euro economy, nationalism will be on the rise.
One bright spot for the U.S., is this:
“Companies also say one of the biggest obstacles to hiring is the “Code du Travail,” a 3,200-page labor rulebook that decrees everything from job classifications to leave for training to the ability to fire. Michelin has decided to build a plant in the U.S. for the first time in 35 years even though labor costs there are higher because of the business “environment and climate,” Senard said, complaining about the long-drawn process in France to lay off workers or modify contracts.”
November 7, 2012 at 7:28 AM #753918
svelteParticipantGuess some of you forgot the upswing yesterday? Today so far has just shaved it back off. Back to square 1.
November 7, 2012 at 7:35 AM #753920CoronitaParticipant[quote=svelte]Guess some of you forgot the upswing yesterday? Today so far has just shaved it back off. Back to square 1.[/quote]
Look at the trend… It ain’t looking pretty. Also look at the 3 week trend…It ain’t looking pretty either.
November 7, 2012 at 7:50 AM #753922ParticipantUpswing was +133 on the Dow. Down 245 right now. Make that 261.
November 7, 2012 at 7:53 AM #753923Hobie
ParticipantSure buy in a 15% correction, but…. what that is assuming that it will recover quickly. Doubt that.
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