So much for the Obama "bounce" oh well...

[smartinvestor30]

LOL

Market down -171. But the day is not over. Let's get building those bridges and roads...


We shall see what happens in the coming weeks. I say we rally a little be break 8000 and 7000 very soon by the end of March I would say if I had to throw a time on it.

[freakscene]

its no wonder

it breaks 7,000 to 5,300 if he succeeds in punishing America's job creators

text of speech for those interested

http://www.drudgereport.com/flashosi.htm

[XOM]

If they don't get this bs off of my tv I'm going to go insane, enough already.

[freakscene]

he invoked God enough times, that I am waiting to see if he tries to walk across the mall pond.

maybe just part it for kicks

[XOM]

:rofl:

[BlackholeDivestment]

http://www.roguegovernment.com/news.php?id=9794 It's easy to walk across a river of debt, especially when the waters are so bitter and their illiquid assets have lowered the the level to the point of inversion. O's global star appeal defines the strong delusion of about a third of 6 Billion people. http://bible.cc/revelation/8-11.htm http://bible.cc/daniel/8-25.htm http://bible.cc/revelation/9-14.htm

[smartinvestor30]

he invoked God enough times, that I am waiting to see if he tries to walk across the mall pond.

maybe just part it for kicks

:rofl:

[smartinvestor30]

So I made my post earlier today after he was done and wow we actually broke 8,000. I didn't expect it to happen on inauguration day. On the bright side gold is up :)

[Bolimomo]

The Obama bounce did occur. Just that it occurred past Christmas into 2009.

Can't believe that the honeymoon is over already... only the day of the inauguration. "Let's roll up our sleeves and get to work"... guess we have to now... :p

[smartinvestor30]

The Obama bounce did occur. Just that it occurred past Christmas into 2009.

Can't believe that the honeymoon is over already... only the day of the inauguration. "Let's roll up our sleeves and get to work"... guess we have to now... :p

god I hope you don't mean those meaningless moves on low volume in the last few trading days, I knew we would drop back and watch us go below 7,000 and 6,000

[BWong]

I thought for sure we'd see the same kind of bounce we saw after the election but instead the market goes below 8,000. I also thought that at just above 9,000 was a sign that things were on the way back up. Nope, things just might go lower, much lower.

I do like when gold goes up though.

[Gordo]

I think we had some bad news over the weekend which tipped the scales.

I am no expert, but I like playing chess. I see the govament making another round of 'semi-bold moves' to positively effect the markets.....thats when your bounce will happen.

[XOM]

I think we had some bad news over the weekend which tipped the scales.

I am no expert, but I like playing chess. I see the govament making another round of 'semi-bold moves' to positively effect the markets.....thats when your bounce will happen.

Agreed; the RBS news started the ball rolling downhill and carried on into overall sentiment in the financials. I see BHO doing something real quick to give a temporary relief to the overall market.

[Justmakinmoney]

By March we will be retesting 9500. JNJ had positive earnings as well as IBM. The financial sector will be a drag on everything but people will start to look past it to staple companies. MSFT will be a good test this week but I think they will fall short of earnings but not miss by a huge margin plus they are cutting jobs.

People are turning positive in between bouts of bad news. We just need a few more solid companies to reenforce that not everyone is going under.

[Gordo]

By March we will be retesting 9500. JNJ had positive earnings as well as IBM. The financial sector will be a drag on everything but people will start to look past it to staple companies. MSFT will be a good test this week but I think they will fall short of earnings but not miss by a huge margin plus they are cutting jobs.

People are turning positive in between bouts of bad news. We just need a few more solid companies to reenforce that not everyone is going under.

I've been studying the Japan crisis in the 80's. Their stocks are the same price today....20 something years later. Seems like our gov't is doing the same thing they did back then. Is this a model to go by? I don't know.

[freakscene]

If the desire is Federal take over of more private industries (Health Care, Energy etc..), then yes, it is the model to go by.

The new administration is not a friend to free market capitalists.