Stock market shake-up: So what happens Monday?

[Armageddon]

Down 500 and oil below $40.00 are my predictions.

[biofuel13]

Down 500 and oil below $40.00 are my predictions.

I hope you are right, but my gut says that's just not happenin' today.

[biofuel13]

Well the Big ol' Bear just got a boost. The breaking news banner on CNBC says that delinquencies and foreclosures just hit new records. Let's see if that was already priced in...

Dow currently down -171

[smallpoxgirl]

It'll be interesting to see if we can get below Monday's lows without a big rebound.

It's shoved up against the band line on the hourlies right now. We'll see here in a few minutes if we turn the corner or bounce off.

[biofuel13]

SPG-

Can you post or link up to the band line chart for the day please?

[Arsenal]

-217 and no bounce yet. Is the bear in full swing??

[frankthetank]

I guess when everyone works for the government, the DOW will go back up to 14000...hopefully the current inactivity of the sun the past year is the beginning of an ice age (Maunder Minimum type event) and we head into the depths of the darkest cold anyone has seen since the Romans fell. The Nile will freeze, they'll be ice fishing on the Euphrates, corn will freeze on the stalk in July... Get ready for it... Gears are turning, things are changing.

[frankthetank]

Woohoo! less workers to pay... rally on boys! Give me 50K shares of Ford/GM/CHRYSLER

[smallpoxgirl]

SPG- Can you post or link up to the band line chart for the day please?

This is where you're at on the hourlies. The 1, 5, and 10 minute charts are well within the band as is the daily chart.

[smallpoxgirl]

FUN! Must have been a bunch of stops below Monday's low.

[Cid_Yama]

[smilie=qgreenjumpers.gif]

Just getting warmed up.

[RSFB]

Link

The jobs report doesn't account for the 637,000 people who dropped out of the labor force.

The share of all men ages 16 and over who are working is now at its lowest level since the government began keeping statistics in the 1940s.

[frankthetank]

Good post from marketwatch:

For those optimists who thought we were at a BOTTOM - not even close...Do the math and you'll see:

- consumers are 2/3 of the economy
- 1.9 million (so far this year) do NOT have the jobs they had in 2007
- fully 7% of homes are in some stage of foreclosure
- their ability to GET a loan (of any sort) has been drastically curtailed
- their net worth is likely 40%+ lower than last year

Does THIS portend a market upswing? I think not.

Take Care everyone!!

I've been spending a lot of time at the shopping malls due to the cold weather, and have noticed the big stores are basically empty. The shelves are full. For the most part, the stores i walk through have more employees then shoppers (with Sears/Herbergers/Macys being the worse).

[biofuel13]

Ahh the good old 150 pt + rally. Anyone here think it has legs? I think not...

[smallpoxgirl]

Ahh the good old 150 pt + rally. Anyone here think it has legs? I think not...

Nah. Kind of a lateral consolidation forming. Not surprising with the support level. Might even get another late day plunge if things hold out.

[biofuel13]

hmmm...might just be a green day today...

[Jotapay]

Fed started buying GSE (Fannie, Freddie, Ginnie...) securities this afternoon. Saw this on TF.

NY Fed Link

[hironegro]

Kashkari: Taxpayers will see return from bailout

..."We're not day traders, and we're not looking for a return tomorrow," Kashkari said. "Over time, we believe the taxpayers will be protected and have a return on their investment."...

...

[ALBY]

'were not daytraders'

harummph

as if buy and holding your way to a 50% loss isn't more retarded...

[smallpoxgirl]

Well my friends, we just broke out of the channel. One of two things is probably going to happen on Monday. Either we're going to drop sharply and fall back in the channel, or it's going to kick off a prolonged rally. My vote is the later. I think we're going to rally into January. It's been trying all week to get through that channel line and it finally did. It's not really pushed up against any band lines. Price up, volume up is a bullish sign. Plus it didn't have that racing to get across at the last minute feel. It hit the border. Fell back in the channel. Regrouped and charged again and stayed out for a good 45 minutes.