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Old 12-12-2008, 04:57 PM
 
89 posts, read 225,875 times
Reputation: 59

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I ask this for there has been ton of negative news these last two weeks and the Dow has gone from a low in the mid 7000's in Mid Nov to ending this week around 8600.

I know some doomsdayers will say this is just a blip, but the unemployment numbers were staggering, then you have the Senate vote last night, etc. etc.

Was this all factored in a month or to ago?

Are we out of the woods? Predictions!!!!

That way a year from now some will say they were the smartest, while others will, well not reply.

In Reality we are all guessing, the old saying "even a broken clock is right twice a day."
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Old 12-12-2008, 05:00 PM
 
Location: Great State of Texas
86,093 posts, read 69,881,813 times
Reputation: 27519
I think the numbers will be worse after Christmas and more bankruptcies will hit the news.
This is not going to be a good Christmas for retailers..consumers are not buying.

Many retailers are just holding on hoping for some sales.
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Old 12-12-2008, 05:06 PM
 
48,519 posts, read 81,013,914 times
Reputation: 17978
If it did then there is gpoing to be a long flat period. But when unemployment hits alot higher numbers then it wioll go0 down some mo0re is my thinking. Not much has really settleout and not many are investing their money.Savings is up and debt of individuals is down.It might be liike teh 70's when many never got back intot eh markets as individuals. With what going on I know I am not getting inot stocks again.
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Old 12-12-2008, 07:36 PM
 
Location: Rockland County New York
2,984 posts, read 5,122,354 times
Reputation: 1285
I don't think we hit rock bottom by a long shot. We have to wait until we find out what the retail sales are going to be this season. It does not look good right now. I think we will see more job losses and store closings in the first quarter of 2009.
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Old 12-12-2008, 08:36 PM
 
89 posts, read 225,875 times
Reputation: 59
I think retail losses are a sure thing, but so were/are job losses and look how the market responded. Even after the Senate voted the Big 3 bailout down, the futures were crushed, but at the end of the day, stocks were in the green.

I just don't understand this market anymore. Fact is market has gone up about 1000 points in the last 30 days with horrible news.

I guess time will tell.
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Old 12-12-2008, 08:59 PM
 
Location: Los Angeles Area
3,306 posts, read 3,324,115 times
Reputation: 592
Let me get out my crystal ball.....it says............
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Old 12-12-2008, 09:07 PM
Status: "I cannot wait for the heat to break..." (set 4 days ago)
 
Location: Where the sun likes to shine!!
20,368 posts, read 25,488,669 times
Reputation: 87958
If we knew the answer to that we would all be rich. Actually I think we still have a lot of bad things to get through so we haven't seen the bottom yet. More layoffs and job cuts, more foreclosures, bad retail numbers, more bankruptcies. Those are just some that are easy to see. The things "they" have lied to us about- well who knows? We'll see how much was hidden from us next year.
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Old 12-13-2008, 04:25 AM
 
12,870 posts, read 12,772,010 times
Reputation: 4446
Quote:
Originally Posted by TennisDD View Post
I think retail losses are a sure thing, but so were/are job losses and look how the market responded. Even after the Senate voted the Big 3 bailout down, the futures were crushed, but at the end of the day, stocks were in the green.

I just don't understand this market anymore. Fact is market has gone up about 1000 points in the last 30 days with horrible news.

I guess time will tell.
it is all about market manipulation. here is an interesting interview about how they do it:Jim Cramer on Market Manipulation: In his own words at AntiSocialMedia.net
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Old 12-14-2008, 10:29 AM
 
Location: Houston, TX
17,032 posts, read 26,019,755 times
Reputation: 16166
I think we are close but agree with other posters in that this will be a lean holiday season and there will be more trouble (layoffs/closings) in 1Q09. However, I think there are a number of buys out there if you can hold for a few years. Many commodities have been pummeled by the manipulators. Lets just say I don't think I will continue buying gasoline below $1.50 for much longer. Metals and mines are very inexpensive.
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Old 12-14-2008, 10:47 AM
 
Location: Backwoods of Maine
6,940 posts, read 7,658,930 times
Reputation: 17842
Quote:
Originally Posted by Oildog View Post
Metals and mines are very inexpensive.
Now...this is what I'm looking to buy more of!

Can you spell S-H-O-R-T-A-G-E?
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