Stock Markets Current News part II

IslandCrow · **Posted:** Wed Nov 05, 2008 2:44 am

The European stock markets "are giving up some of the gains" from "the last 6 days of rises", which "was the longest period of daily gains in 18 months".

So this could be profit taking, or a negative reaction to the election, or a refocusing on the "fundementals" rather than the election (such as some companies' results failed to live up to the expectations).

RSFB · **Joined:** Sun Aug 03, 2008 12:00 am **Posts:** 313

How many are using this sucker rally to dump stocks ahead of the drops when the auto companies report their results on Friday?

* raises hand *

shakespear1 · **Joined:** Fri May 13, 2005 12:00 am **Posts:** 1604

I dumped most of my investments into cash. There's simply is too much bad news around and it is foolish IMO to think that a brighter picture is emerging.

frankthetank · **Posted:** Wed Nov 05, 2008 7:42 am

Reality sets back in very quickly. Nothing has changed, the country is still heading off a cliff.

down 161... heading for a good drop today by the close...

Novus · **Joined:** Tue Jun 21, 2005 12:00 am **Posts:** 1948

shakespear1 wrote:

I dumped most of my investments into cash. There's simply is too much bad news around and it is foolish IMO to think that a brighter picture is emerging.

Cash is not exactly safe either.

Arsenal · **Joined:** Tue Mar 18, 2008 12:00 am **Posts:** 862

Novus wrote:

shakespear1 wrote:

I dumped most of my investments into cash. There's simply is too much bad news around and it is foolish IMO to think that a brighter picture is emerging.

Cash is not exactly safe either.

Nothing is "safe". That's why you diversify. Stocks, bonds, cash, supplies, PM.

Pops · **Posted:** Wed Nov 05, 2008 10:16 am

TWilliam wrote:

"Technical glitch"... mmm hmm... doesn't that usually translate as "Whoops! I hit the wrong button!"? :lol:

Twas me, I hit the right button but it had the wrong consequence.

Sound familiar?

Sorry for the inconvenience.

:oops:

frankthetank · **Posted:** Wed Nov 05, 2008 10:33 am

Down 261...

One of those 500 or 600 point days?

Jotapay · **Posted:** Wed Nov 05, 2008 10:43 am

Now that the election is over, it's every man for himself. Look out below. They don't have a vested interest in propping it up any longer.

biofuel13 · **Posted:** Wed Nov 05, 2008 11:00 am

DOW down 290 pts.

Did we vote out the PPT yesterday too? LOL

Cid_Yama · **Posted:** Wed Nov 05, 2008 11:56 am

Y'all knew TS would HTF once the election was over. Why the surprise?

Expect gasoline prices to go back up too. No more proping things up.

Jotapay · **Posted:** Wed Nov 05, 2008 12:08 pm

Cid_Yama wrote:

Expect gasoline prices to go back up too. No more proping things up.

Exactly, no need to keep propping it up. The incumbents were saved.

CrudeAwakening · **Joined:** Tue Jun 28, 2005 12:00 am **Posts:** 890

smallpoxgirl wrote:

TWilliam wrote:

"Technical glitch"... mmm hmm... doesn't that usually translate as "Whoops! I hit the wrong button!"? :lol:

As I understand it, what happened was that Hogan requested to have his account deleted. Pops obliged him. Hogan was the author of the stock market thread, so when his account was deleted, it took out the stock market thread.

Too much counterparty risk?

shakespear1 · **Joined:** Fri May 13, 2005 12:00 am **Posts:** 1604

Code:

Cash is not exactly safe either.

Completely agree :-)

From my reading around I am of the belief that downward movement in the markets/PM is still in the cards.

biofuel13 · **Posted:** Wed Nov 05, 2008 1:28 pm

DOW down 403 pts.

Is that it for the day or will we see a massive drop in the last few minutes?

Stock Markets Current News part II

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