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mercedes7
ParticipantIt is truly amazing. The market is acting very, very stange these days. Today for example,the market started to sell off after the Fed held rates steady but there was a short covering rally into the close because of the AIG situation. Despite the futures being up, I think we get a spike at the open tomorrow, followed by a sell off. It looks like there is a lot of day trading going on both long and short due to the incredible volatility, which of course just adds to the volatility. Did you happen to see the volume on the dow today…9.4+ billion shares…that has got to be a record. I personally think the market will go down {a lot}, but I see the catalyst being 3rd and 4th quarter earnings season. I agree with other posters, the average Joe just thinks that “stocks are a good long term investment”…”buy and hold”. Kinda reminds me of “real estate never goes down”. People just swallow what is fed them from the media…pretty sad.
ParticipantIt is truly amazing. The market is acting very, very stange these days. Today for example,the market started to sell off after the Fed held rates steady but there was a short covering rally into the close because of the AIG situation. Despite the futures being up, I think we get a spike at the open tomorrow, followed by a sell off. It looks like there is a lot of day trading going on both long and short due to the incredible volatility, which of course just adds to the volatility. Did you happen to see the volume on the dow today…9.4+ billion shares…that has got to be a record. I personally think the market will go down {a lot}, but I see the catalyst being 3rd and 4th quarter earnings season. I agree with other posters, the average Joe just thinks that “stocks are a good long term investment”…”buy and hold”. Kinda reminds me of “real estate never goes down”. People just swallow what is fed them from the media…pretty sad.
ParticipantIt is truly amazing. The market is acting very, very stange these days. Today for example,the market started to sell off after the Fed held rates steady but there was a short covering rally into the close because of the AIG situation. Despite the futures being up, I think we get a spike at the open tomorrow, followed by a sell off. It looks like there is a lot of day trading going on both long and short due to the incredible volatility, which of course just adds to the volatility. Did you happen to see the volume on the dow today…9.4+ billion shares…that has got to be a record. I personally think the market will go down {a lot}, but I see the catalyst being 3rd and 4th quarter earnings season. I agree with other posters, the average Joe just thinks that “stocks are a good long term investment”…”buy and hold”. Kinda reminds me of “real estate never goes down”. People just swallow what is fed them from the media…pretty sad.
ParticipantIt is truly amazing. The market is acting very, very stange these days. Today for example,the market started to sell off after the Fed held rates steady but there was a short covering rally into the close because of the AIG situation. Despite the futures being up, I think we get a spike at the open tomorrow, followed by a sell off. It looks like there is a lot of day trading going on both long and short due to the incredible volatility, which of course just adds to the volatility. Did you happen to see the volume on the dow today…9.4+ billion shares…that has got to be a record. I personally think the market will go down {a lot}, but I see the catalyst being 3rd and 4th quarter earnings season. I agree with other posters, the average Joe just thinks that “stocks are a good long term investment”…”buy and hold”. Kinda reminds me of “real estate never goes down”. People just swallow what is fed them from the media…pretty sad.
ParticipantS & P just downgraded Washington Mutual to negative from stable. Hope no one has >100K in the bank there. Wouldn’t be surprised if they go down some Friday soon.
ParticipantS & P just downgraded Washington Mutual to negative from stable. Hope no one has >100K in the bank there. Wouldn’t be surprised if they go down some Friday soon.
ParticipantS & P just downgraded Washington Mutual to negative from stable. Hope no one has >100K in the bank there. Wouldn’t be surprised if they go down some Friday soon.
ParticipantS & P just downgraded Washington Mutual to negative from stable. Hope no one has >100K in the bank there. Wouldn’t be surprised if they go down some Friday soon.
ParticipantS & P just downgraded Washington Mutual to negative from stable. Hope no one has >100K in the bank there. Wouldn’t be surprised if they go down some Friday soon.
ParticipantOn topic…we aren’t even close to the bottom. Pending home sales dropped 3.2% in July which frankly surprised me. I thought we would see a small rise given the peak buying season and the fact that there are a lot of people out there hoping to catch the “bottom”, renters tired of renting etc.. Inventory is still way too high and more will be added this fall as sales slow and another round of forclosures reach the market. Add that to a slowing economy, increasing unemployment, the beginning of the option arms/Alt A loan resets and I think we have years to wait for the absolute bottom. It’s going to get worse.
ParticipantOn topic…we aren’t even close to the bottom. Pending home sales dropped 3.2% in July which frankly surprised me. I thought we would see a small rise given the peak buying season and the fact that there are a lot of people out there hoping to catch the “bottom”, renters tired of renting etc.. Inventory is still way too high and more will be added this fall as sales slow and another round of forclosures reach the market. Add that to a slowing economy, increasing unemployment, the beginning of the option arms/Alt A loan resets and I think we have years to wait for the absolute bottom. It’s going to get worse.
ParticipantOn topic…we aren’t even close to the bottom. Pending home sales dropped 3.2% in July which frankly surprised me. I thought we would see a small rise given the peak buying season and the fact that there are a lot of people out there hoping to catch the “bottom”, renters tired of renting etc.. Inventory is still way too high and more will be added this fall as sales slow and another round of forclosures reach the market. Add that to a slowing economy, increasing unemployment, the beginning of the option arms/Alt A loan resets and I think we have years to wait for the absolute bottom. It’s going to get worse.
ParticipantOn topic…we aren’t even close to the bottom. Pending home sales dropped 3.2% in July which frankly surprised me. I thought we would see a small rise given the peak buying season and the fact that there are a lot of people out there hoping to catch the “bottom”, renters tired of renting etc.. Inventory is still way too high and more will be added this fall as sales slow and another round of forclosures reach the market. Add that to a slowing economy, increasing unemployment, the beginning of the option arms/Alt A loan resets and I think we have years to wait for the absolute bottom. It’s going to get worse.
ParticipantOn topic…we aren’t even close to the bottom. Pending home sales dropped 3.2% in July which frankly surprised me. I thought we would see a small rise given the peak buying season and the fact that there are a lot of people out there hoping to catch the “bottom”, renters tired of renting etc.. Inventory is still way too high and more will be added this fall as sales slow and another round of forclosures reach the market. Add that to a slowing economy, increasing unemployment, the beginning of the option arms/Alt A loan resets and I think we have years to wait for the absolute bottom. It’s going to get worse.
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