Why isn't the simulas having an effect?

[Joe]

Of course, October and November and December were the meltdown months when your hero was under his desk taking a nap...

[buckman]

Originally Posted by Joe

Of course, October and November and December were the meltdown months when your hero was under his desk taking a nap...

I think we are at an 11 year low now. All that negative economy doom and gloom talk just might have backfired on Obama. To bad for anyone with a 401K. We need a real plan and we need it soon.

[Joe]

I hear after they nationalize Citigroup they are going cut the interest rates on credit cards to not more than 3% above prime. That will spurn consumer spending and free up money for households that carry balances.

[LT. DAN 2]

When GREED and FEAR hit the high notes (It may be Soon), watch for a gradual "capitulation"...i:e: the average Joe throws in the towel in fear of losing more of what he already lost. THEN................
The market makers will spin the first "Good News" headline as marking the bottom of the market. They will raise the market several hundred points over a few weeks, enticing the uninformed into believing the "All Clear" has been signaled and you will begin throwing money back into the market in an attempt to gain what you had lost. At this point, the market makers will pull the rug out from under you by dropping the market several hundred points over a few days and will now have all of your money and your anger. Some will sell out and vow never again while others will be recycled into the same steps as before until the real bottom is formed. (That's when their are no more retail buyers (You) left).
Market makers from Wall Street have some of the most Brilliant Psychologist working in their firms. They know how you think, how you try to reason, and prey on that advantage.
Just my thoughts..
O.K. Back into my Cave.
P.S. It's not all doom and gloom as the patient investor who has that proverbial long term horizon will be O.K. as long as we are the U.S. of A. If that changes, all bets are off.

[RIJIMMY]

Originally Posted by Joe

Of course, October and November and December were the meltdown months when your hero was under his desk taking a nap...

Bush is not my hero. But just so you know, its Congress's job to introduce leglislation and last I checked we had democrat congress for the last 2 years. What where they up to?

[buckman]

Originally Posted by RIJIMMY

Bush is not my hero. But just so you know, its Congress's job to introduce leglislation and last I checked we had democrat congress for the last 2 years. What where they up to?

Waiting for Bush to leave, so they can spend money we don't have.

Can't wait for the speach tonight. My prediction the Dow drops 200 or more tomorrow.
Funny how a speach can effect it, but the promise of a trillion dollars takes a long time to effect it.

Let me wrap up the speach for you, "Bush's fault", we need to control the deficit, I will spend billions and billions.

[striperman36]

Originally Posted by buckman

Waiting for Bush to leave, so they can spend money we don't have.

Can't wait for the speach tonight. My prediction the Dow drops 200 or more tomorrow.
Funny how a speach can effect it, but the promise of a trillion dollars takes a long time to effect it.

Let me wrap up the speach for you, "Bush's fault", we need to control the deficit, I will spend billions and billions.

It will be an interesting discussion, particularly with a nationalized financial market.

[justplugit]

Originally Posted by buckman

Can't wait for the speach tonight. My prediction the Dow drops 200 or more tomorrow.

I think the more important speech, for the market, will be how it reacts to Geitner's plan to be released tomorrow.

[buckman]

Originally Posted by justplugit

I think the more important speech, for the market, will be how it reacts to Geitner's plan to be released tomorrow.

I think your right. Didn't go over to good last time he spoke.

[justplugit]

Don't think Turbo Tax will be an advertising sponsor for that hour.