Dow Closes below 13000 today. Down 167 points. NDQ -40, S&P -19.8

[one_muggle]

drunkle–The answer is Yes.
Watching the roller coaster today, I would guess it will still be quite volatile. By the 10 percent definition, we still haven’t even had a correction. I’ve been waiting on a solid slide to put money back in to indexes, but I think I’ll hold off until at least 12500, and more again if it drops below the 11000 mark–I think it has a fair chance (see image). Until then, I am only holding individual long term stocks. I wont get overly nervous on those until the overall market drops below the 10k mark, but I don’t see that as likely, unless Edwards wins the primary, Hillary the presidency or Bush has another press conference on how great is the economy are.

[img_assist|nid=4342|title=DJIA|desc=Line of pain==11000|link=node|align=center|width=466|height=350]
-one muggle

[one_muggle]

Andy,

You don’t think gold has already priced that in?
I had the feeling (no data) that gold was already way overbought.

-one muggle

[one_muggle]

Andy,

You don’t think gold has already priced that in?
I had the feeling (no data) that gold was already way overbought.

-one muggle

[one_muggle]

Andy,

You don’t think gold has already priced that in?
I had the feeling (no data) that gold was already way overbought.

-one muggle

[capeman]

global markets are tanking, us futures are down… tomorrow, dont fight the trend or a good day for a bounce?

 

Yep. With the Nikkei down up to 600 tonight and the rest of the Asian markets following suit tomorrow doesn't look to be too good in the US.  Dow Jones futures down 200 tonight doesn't look like a bounce to me.  I think the only good news that would bounce it tomorrow at this point is the return of Jesus himself. 

[capeman]

global markets are tanking, us futures are down… tomorrow, dont fight the trend or a good day for a bounce?

 

Yep. With the Nikkei down up to 600 tonight and the rest of the Asian markets following suit tomorrow doesn't look to be too good in the US.  Dow Jones futures down 200 tonight doesn't look like a bounce to me.  I think the only good news that would bounce it tomorrow at this point is the return of Jesus himself. 

[capeman]

global markets are tanking, us futures are down… tomorrow, dont fight the trend or a good day for a bounce?

 

Yep. With the Nikkei down up to 600 tonight and the rest of the Asian markets following suit tomorrow doesn't look to be too good in the US.  Dow Jones futures down 200 tonight doesn't look like a bounce to me.  I think the only good news that would bounce it tomorrow at this point is the return of Jesus himself. 

[one_muggle]

capeman, I am no theologian, but wouldn’t rapture tend to put a damper on the market?
-one muggle

[one_muggle]

capeman, I am no theologian, but wouldn’t rapture tend to put a damper on the market?
-one muggle

[one_muggle]

capeman, I am no theologian, but wouldn’t rapture tend to put a damper on the market?
-one muggle

[GoUSC]

Why set a tight trailing stop sell if you are holding the ProShares for the longer term? I think the market will continue to sink over the next few months so what do I care about the occasional spike here and there? Thoughts?

[GoUSC]

Why set a tight trailing stop sell if you are holding the ProShares for the longer term? I think the market will continue to sink over the next few months so what do I care about the occasional spike here and there? Thoughts?

[GoUSC]

Why set a tight trailing stop sell if you are holding the ProShares for the longer term? I think the market will continue to sink over the next few months so what do I care about the occasional spike here and there? Thoughts?

[GoUSC]

Yeah if the rapture took place I am shorting like hell. If it proves to be wrong I’ll be rich. If I proves to be true, I’ll be dead. Win Win(?) if you ask me.

[GoUSC]

Yeah if the rapture took place I am shorting like hell. If it proves to be wrong I’ll be rich. If I proves to be true, I’ll be dead. Win Win(?) if you ask me.

[Author]

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