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Home › Forums › Financial Markets/Economics › Post Election Blues: Dow -176pts, Nasdaq -39, S&P500 -21

Viewing 15 posts - 1 through 15 (of 133 total)
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  • November 7, 2012 at 6:43 AM #20252
    Coronita
    Participant

    How’s them 401k’s looking for you, Amerika?

    This is gonna be interesting…

    If this is just the first day after, can’t wait until the end of the year!

    Two words….

    Gold and Silver…

    Welcome to the fiscal cliff…We have arrived 🙂

    Bring it on…

    November 7, 2012 at 7:01 AM #753903
    The-Shoveler
    Participant

    My 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 #753901
    spdrun
    Participant

    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!

    November 7, 2012 at 7:03 AM #753904
    Coronita
    Participant

    [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 #753905
    spdrun
    Participant

    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.

    November 7, 2012 at 7:12 AM #753906
    Coronita
    Participant

    [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 #753907
    Coronita
    Participant

    Dow -220 and falling….

    November 7, 2012 at 7:19 AM #753908
    Coronita
    Participant

    make that -239 and falling…

    November 7, 2012 at 7:23 AM #753911
    livinincali
    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 #753913
    livinincali
    Participant

    [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 #753916
    Veritas
    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.”

    http://www.businessweek.com/news/2012-08-30/hollande-s-business-policies-slammed-by-french-corporate-leaders

    November 7, 2012 at 7:28 AM #753918
    svelte
    Participant

    Guess 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 #753920
    Coronita
    Participant

    [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 #753922
    spdrun
    Participant

    Upswing was +133 on the Dow. Down 245 right now. Make that 261.

    November 7, 2012 at 7:53 AM #753923
    Hobie
    Participant

    Sure buy in a 15% correction, but…. what that is assuming that it will recover quickly. Doubt that.

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