If we aren't down 10% today (employment, stock market, government, prediction)

[HappyTexan]

LOL..here's an article that said today's news raised investor's hope for more government bailouts.
News like that sends the market up ??

Stocks turn higher after dismal jobs report - Yahoo! News

[TexianPatriot]

A real stock market crash would send the sheeple into panic. The government isn't going to let that happen. If they don't believe there is a price to pay for all of this, they are dead wrong. My guess is that the elite are buying a little more time to make their last second preperations before they let the peasants drown.

[floridasandy]

Employers cut 533,000 jobs from their payrolls in November. The overall picture is the labor market is deteriorating at the fastest pace in decades. So far this year, 1.9 million jobs have been lost, topping the 1.6 million lost in the 2001 recession.

evidently good times for the stock market, go figure!

[John23]

I'd be careful thinking "it's different this time". Or there are "new rules". Fear and greed haven't changed.

Some possible reasons why the market is shrugging this off....

-We've already come down, 40-45%. The market staying flat or going up on bad news is usually a bottoming signal, isn't it?

-What I don't get are the percentage swings. I dont have the figures, but pre 2007, 2008, daily declines of 4-5-6% or more were rare. Those big nasty declines in 97, 98, even 00 were 4, 5, 6%. But they were like one day drops. Now we've gotten like 20 of them in the last few months.

Look at a chart from mid 07, why the sudden jump in volatilty. That's when the whole system collapsed?

Are the daily percent declines a way to subdue (ease people), into accepting Dow 5,000 or 6,000? A slow drip to ease the panic?

-We've already had a double bottom (doesn't mean anything). But historically the market has bottomed, double bottomed.

Be interesting to see if the market holds 7,500 in the next few days, weeks. I'm not betting on it. But maybe. And this last decline, and unemployment scare is going to shake out the rest of the weak hands, players.

[HappyTexan]

Here's even better news..drop in oil will spark consumer spending.
Bah..forget the fact that people are losing jobs..lower oil will make us spend..maybe even buy a new car and help the automakers

Stocks extends rebound on oil, tech - Yahoo! News

This is almost like watching the twilight zone.

[sheri257]

Originally Posted by HappyTexan

Forget tradition and past historical trends. There's new rules now and the outcomes are different. History will not help you in this market.

Really?

In September I said ...

"I think the market is going to crash burn through October then, start to bottom out."

http://www.city-data.com/forum/investing/428989-my-401k-toilet-year-anybody-else-post5331881.html#post5331881

"We need a nice huge sell off so the market can begin to bottom out and recover. With any luck, October will be the month ... which, if history is an indication ... usually is the time for the big one."

http://www.city-data.com/forum/business-finance-investing/447663-wow-bailout-not-passing-dow-crashing-post5480523.html#post5480523

The Dow dropped 25 percent in October.

[HappyTexan]

Originally Posted by sheri257

Really?

In September I said ...

"I think the market is going to crash burn through October then, start to bottom out."

http://www.city-data.com/forum/investing/428989-my-401k-toilet-year-anybody-else-post5331881.html#post5331881

"We need a nice huge sell off so the market can begin to bottom out and recover. With any luck, October will be the month ... which, if history is an indication ... usually is the time for the big one."

http://www.city-data.com/forum/business-finance-investing/447663-wow-bailout-not-passing-dow-crashing-post5480523.html#post5480523

The Dow dropped 25 percent in October.

I wasn't referring to your rules.

Illegal naked short selling not being brought to task.
Enron loophole not closed.
Mass speculation not investigated
SEC not doing their job.
PPT overall

[sheri257]

Originally Posted by HappyTexan

I wasn't referring to your rules.

It's not my rules, it's history which ... you just said isn't very useful.

I've been saying that we needed to get past October because it's traditionally the big, bloody month during economic downturns and ...

Lo and behold ... it was ... just like always ... since 1929.

History almost always repeats itself one way or the other so ... it can be very useful.

[Woof]

Hmmmm .... we have one positive but temporary economic force, the price of oil going down, working against the enormous negative forces of a credit crunch deriving from enormous amounts of unrecoverable debt, and of unemployment rivalling that of the Great Depression (when measured in the same way as it was before the Clinton era).

And who knows what China is going to do with all our Treasury notes.

I'm no economist, but it seems like the drop in the price of oil will only offset the other stuff by so much. Maybe there is a glimmer of hope, I dunno, but it seems to me like we're just at the beginning of woes. I don't see this as one business cycle pretty much like all the rest.

I don't think the Feds are propping up the markets. I think there are simply many foolish investors. But time will tell about who is right - I'm guessing that by February we'll have a better sense of what's ahead.

[FarNorthDallas]

I think there is some market manipulation going on and we will eventually learn what it is.