Investors lose a trillion dollars in one day

Hang Seng -912.22 (-4.85%)
CAC 40 -122.09 (-4.15%)
DAX -198.1 (-3.51%)
FTSE -213.95 (-4.05%)

Should be an interesting day. Don't worry! Bernanke will reprise his role as mother bird and vomit a solution into the bankers mouths.

Dow drops 600 points at one point today? Possible. Futures at -240. That's ridiculously high and the Euro markets are still going down...especially the FTSE.

[geeker2]

not to worry US jobless claims down to 423,000

[MaTH716]

Originally Posted by geeker2

not to worry US jobless claims down to 423,000

It's ok, we are going to build highways and bridges to the moon...................

[geeker2]

Originally Posted by MaTH716

It's ok, we are going to build highways and bridges to the moon...................

We Corporate Jet owners are happy to help. It should be just enough money to buy a few shovels and a couple of port-a-sh*ters.

[Clip-Clop]

Originally Posted by Coach Pants

Dow drops 600 points at one point today? Possible. Futures at -240. That's ridiculously high and the Euro markets are still going down...especially the FTSE.

Won't drop that low, the programs maintain it a little better than that. Though the fear of a 20% tax increase on already taxed moneys does make people nervous...

[jms62]

I see

Support 1 2535-Gone
Support 2 2435
Support 3 2414
Support 4 2385
Last Hope 2330

Monthly MACD turned DOWN this month for first time since Jan 2008.. Market needs to close like Zenyetta over the next week to turn that around.

[jms62]

Originally Posted by jms62

I see

Support 1 2535-Gone
Support 2 2435-Gone
Support 3 2414
Support 4 2385
Last Hope 2330

Monthly MACD turned DOWN this month for first time since Jan 2008.. Market needs to close like Zenyetta over the next week to turn that around.

Bear Market... Good Luck. FWIW I have 0% Long for the first time in 25 years. I rather be safe and wrong then right and broke.

[Calzone Lord]

Originally Posted by jms62

Bear Market... Good Luck. FWIW I have 0% Long for the first time in 25 years. I rather be safe and wrong then right and broke.

I've heard this from like 6 different horse players in the last week.

Doom and gloom in the short term.

Short term? That's funny.