Post Election Blues: Dow -176pts, Nasdaq -39, S&P500 -21

[Coronita]

Lower lower lower we go… When it stops, no one knows…..

How’s everyone 301k doing today?

[spdrun]

My stocks are actually up. Love ~2% gains while the DOW sliiiides! Ride it, baby! YEAH!

[Coronita]

[quote=spdrun]My stocks are actually up. Love ~2% gains while the DOW sliiiides! Ride it, baby! YEAH![/quote]

Enjoy it while it lasts…Don’t smirk there too hard buddy…Your tables can turn just like that.

[spdrun]

Don’t I know this — I actually got my a$$ burnt earlier in the year. It’s a casino out there.

[Coronita]

Dow down again…Statistically speaking….
The probability of a dead cat bounce in the next few days is pretty good.

We’re at 12,756.18

Looks like dow’s going off a cliff…How appropriate…Lol…

http://finance.yahoo.com/echarts?s=%5EDJI+Interactive#symbol=%5EDJI;range=1m

[UCGal]

But still up YTD, YoY, etc…

What did they say in Hitchhikers Guide? Oh yeah….
Don’t Panic.

[Coronita]

[quote=UCGal]But still up YTD, YoY, etc…

What did they say in Hitchhikers Guide? Oh yeah….
Don’t Panic.[/quote]

Not panicing…But…I really hope I’m wrong… I really am… I just get a bad vibe.

[spdrun]

Dow was at 10,4k last year in October. Even if it drops to 11k now, it’s not a big deal. In fact, it’ll be a mofo of a buying opportunity.

[Coronita]

[quote=spdrun]Dow was at 10,4k last year in October. Even if it drops to 11k now, it’s not a big deal. In fact, it’ll be a mofo of a buying opportunity.[/quote]

You mean 10k.

[spdrun]

I meant 11k – still higher than 13 months ago. But 10k wouldn’t be tragic either, I guess.

[Coronita]

Dow down another 76 points….

Lol….

[spdrun]

YEAH! Hope that Bearded Ben is twitching from stress as we speak.

[Coronita]

Crossed over -100 pts again today….

Edit -143 now… Freefall……………..

Make that below 12,600. That didn’t take long….

Boooooom……

Closed -197……

[The-Shoveler]

Europe having big protests today as the trade unions are sick of austerity,
Just wait until they try that here !!
IMO
Housing is not really that hot me thinks as well, it’s just Builders don’t want to sell at a loss so they are not building (or only building small tracts), and underwater home owners don’t want to sell at a loss.
This == no inventory.
I think there will need to be some serious inflation before we see a real boom.
When will that happen ? who knows.
Me I am still waiting for a 30-40% stock market decline before I want to start jumping in.

[an]

Only down -28 today. The crash is over… time to buy.

[Author]

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