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Old 05-23-2013, 01:38 AM
 
24,396 posts, read 26,932,004 times
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Quote:
Originally Posted by Rich_CD View Post
'Nanke said we still need help for the economy. I didn't want to hear that. The house of cards keeps getting bigger. It's gonna' fall someday and then what?
Meh, I will stay in the market and continue to make money. You can keep your tin foil hat lol. Corrections will come, but I don't forsee a crash in the near future.
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Old 05-23-2013, 04:59 AM
 
Location: Wartrace,TN
8,051 posts, read 12,761,708 times
Reputation: 16474
Japan saw a drop of over 7% today, it might be an interesting day in the U.S.......
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Old 05-23-2013, 08:06 AM
 
Location: Under a bridge
2,420 posts, read 3,847,289 times
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Well, as I write this the DOW is down about 92 points, It was in triple digits a few minutes into the session.

-Cheers.
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Old 05-23-2013, 08:24 AM
 
Location: East Coast of the United States
27,546 posts, read 28,630,498 times
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Well, today's a day to stay away from the stock market for me.

We'll have to wait and see if this is the beginning of a correction.
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Old 05-23-2013, 08:56 AM
 
293 posts, read 249,924 times
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Yeah, looks like the Nikkei closed down nearly 7% today.

Probably pick up some shares this afternoon

S&P 500 currently down around 12 points

Important for investors to keep in mind that BIG BEN still has their backs...
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Old 05-23-2013, 02:55 PM
 
5,132 posts, read 4,481,664 times
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Quote:
Originally Posted by BigCityDreamer View Post
Well, today's a day to stay away from the stock market for me.
Quote:
Originally Posted by MountainBiking View Post
Well, as I write this the DOW is down about 92 points, It was in triple digits a few minutes into the session.

Yes, both today and yesterday were tricky days. The price action was crazy. I got in and out fast.
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Old 05-26-2013, 09:56 AM
 
Location: Copenhagen, Denmark
10,930 posts, read 11,717,447 times
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Quote:
Originally Posted by mathjak107 View Post
The longer term rates are something the fed can not control directly or perhaps at all,

The global bond market is 100 trillion dollars. The fed buys 85 billion a month in securities. The us market is 1 trillion a month in trading.

The feds action will not influence much if the worlds investors decide rates should stay low.

By the same token If the worlds investors feel rates should be higher and decide to sell 100 trillion in bonds there is nothing the fed can do to keep rates down either .

We already saw the famous inverted yield curve right before the recession when the worlds investors disagreed with the feds actions of trying to raise rates.

End result was long term rates were lower than short term rates.
I believe Berneke when he said the Fed was going to monitor expected inflation much more carefully. But i also believe that the effect of QE on inflation will have a long lag and that is worrisome, if it's true. Look back at the 70s.
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