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Thread: Dow below 13,000

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    Veteran Member bajisima's Avatar
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    Dow below 13,000

    Dow fell below 13,000 this morning. Why is the market so fickle?

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    King Obama is a traitor! michaelr's Avatar
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    Quote Originally Posted by bajisima View Post
    Dow fell below 13,000 this morning. Why is the market so fickle?
    The 'market' was poised to crash for weeks, but we had the dog and pony show. Well that's over and the flood gate of bad economic news is all over the place.

    'U.S. Per Person Debt Now 35 Percent Higher than that of Greece' - BlackListedNews.com

    FED/NAM/CBO/CHINA/FABER: THERE IS NOW 100% CHANCE OF RECESSION | InvestmentWatch

    US employers post fewest job openings in 5 months in September; layoffs also fall | Fox News

    Drop in U.S. Job Openings Shows Uneven Labor Market - Bloomberg

    I can post these all damn day!

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    Veteran Member bajisima's Avatar
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    Quote Originally Posted by michaelr View Post
    I think you are right. Being in a forward looking industry, things are not looking so good. I thought maybe it would have fallen last summer but it didn't. Economists think 2013 is going to be bad, so we just have to hold on.

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    King Obama is a traitor! michaelr's Avatar
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    Quote Originally Posted by bajisima View Post
    I think you are right. Being in a forward looking industry, things are not looking so good. I thought maybe it would have fallen last summer but it didn't. Economists think 2013 is going to be bad, so we just have to hold on.
    Well Infinite QE along with Twist was another charade, a paper over. I said before these two consecutive rounds that they can't print enough digi-dollars to do anything but make it seem that the economy is on track for about two or three months. I said they would need to print up $5 trillion or go home. That's insane of course and would give you hyperinflation over night so that was a no go before it got thought about. The economy took a second crash in Oct, and I said that would happen a few months ago. Now the banks want a third consecutive round of QE. That ain't gunna happen so the economy will continue its path of destruction, but there is also the paper crash on top of it to contend with. It will be an impossible year for many in this country.

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    it will come back above 13,000 by the end of the day.

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    Belle of the Ball bluesman's Avatar
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    Quote Originally Posted by michaelr View Post
    & this all came to light just this morning?

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    King Obama is a traitor! michaelr's Avatar
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    Quote Originally Posted by bluesman View Post
    & this all came to light just this morning?
    These are todays. Your Obummernomics is about to bite you in the ass. The bad news has simply been hidden. I guess there are benefits from the fascist administration paying the media with bailout and stimulus funds hey?

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    Quote Originally Posted by bajisima View Post
    Dow fell below 13,000 this morning. Why is the market so fickle?
    It dropped because people who invest were hoping Romney would win and they are reacting to the negative news of Obama winning.

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    Quote Originally Posted by justoneman View Post
    It dropped because people who invest were hoping Romney would win and they are reacting to the negative news of Obama winning.
    the whiny wealthy were counting on Romney lowering their taxes.

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    Quote Originally Posted by Oscar99 View Post
    the whiny wealthy were counting on Romney lowering their taxes.
    They were counting on not having their taxes raised you mean.

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