Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
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.
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!
Last edited by floridasandy; 12-05-2008 at 01:54 PM..
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.
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
"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."
"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."
Illegal naked short selling not being brought to task.
Enron loophole not closed.
Mass speculation not investigated
SEC not doing their job.
PPT overall
Location: where you sip the tea of the breasts of the spinsters of Utica
8,297 posts, read 14,171,154 times
Reputation: 8105
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.
I think there is some market manipulation going on and we will eventually learn what it is.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.