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Author Topic: Stock futures indicate Dow to fall below 7,000  (Read 3485 times)

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Offline bijou

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Stock futures indicate Dow to fall below 7,000
« on: March 02, 2009, 08:54:40 AM »
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NEW YORK (MarketWatch) -- U.S. stock futures dropped Monday as financial giants like American International Group and HSBC Holdings moved to raise more capital and as Warren Buffett said the economy would be in "shambles" this year.
Futures remained under water but off earlier lows after the government reported incomes rose more than expected in January, while personal savings climbed to a 14-year high.
"The data are a welcome surprise for the beleaguered stock market," said analysts at Action Economics.
 indicated a retreat below the 7,000 level, as the March contract dropped 102 points to 6,950. ...
http://www.marketwatch.com/news/story/Stock-futures-indicate-Dow-fall/story.aspx?guid={07B376D2-997E-4CBE-B493-3D6E104DFFA3}
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Offline Wretched Excess

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Re: Stock futures indicate Dow to fall below 7,000
« Reply #1 on: March 02, 2009, 08:59:55 AM »

Dear President Barack,

You still suck.


Love,

Wall Street.
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Offline thundley4

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Re: Stock futures indicate Dow to fall below 7,000
« Reply #2 on: March 02, 2009, 09:07:06 AM »
The markets are in free fall and no bottom in sight. Thank you ZeroBama.
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Offline Wretched Excess

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Re: Stock futures indicate Dow to fall below 7,000
« Reply #3 on: March 02, 2009, 09:19:33 AM »
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Offline Carl

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Re: Stock futures indicate Dow to fall below 7,000
« Reply #4 on: March 02, 2009, 09:28:09 AM »
Guessing a market bottom is usually a silly thing to do but other then a few daily blips I see this going to 5000 and lower by the start of summer.
Obamanomics still isn`t fully priced in yet.
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Offline Wretched Excess

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Re: Stock futures indicate Dow to fall below 7,000
« Reply #5 on: March 02, 2009, 11:05:00 AM »

6800.  it's a sleigh ride to hell, folks.
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Offline thundley4

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Re: Stock futures indicate Dow to fall below 7,000
« Reply #6 on: March 02, 2009, 11:59:39 AM »
0Bama is talking again,  that can only be bad news.
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Offline Wretched Excess

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Re: Stock futures indicate Dow to fall below 7,000
« Reply #7 on: March 02, 2009, 12:01:31 PM »
Quote from: thundley4 on March 02, 2009, 11:59:39 AM
0Bama is talking again,  that can only be bad news.

heh.  obama talks and the market craters.  gore talks and a blizzard hits.  bill clinton talks, and no one listens. :-)
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Offline JohnnyReb

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Re: Stock futures indicate Dow to fall below 7,000
« Reply #8 on: March 02, 2009, 12:46:26 PM »
I'd like to give the "Big Zero" a great big hug.....and while I had him in my arms ...jump off a tall building.

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Offline thundley4

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Re: Stock futures indicate Dow to fall below 7,000
« Reply #9 on: March 02, 2009, 12:56:31 PM »
Quote from: JohnnyReb on March 02, 2009, 12:46:26 PM
I'd like to give the "Big Zero" a great big hug.....and while I had him in my arms ...jump off a tall building.



ALERT !!! ALERT !!! ALERT !!! 111111 eleventy.

Ooops, wrong board.  :lmao:
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Offline NHSparky

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Re: Stock futures indicate Dow to fall below 7,000
« Reply #10 on: March 02, 2009, 01:20:47 PM »
Obama talks banks, the market tanks.
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Offline Crazy Horse

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Re: Stock futures indicate Dow to fall below 7,000
« Reply #11 on: March 02, 2009, 03:11:57 PM »
Right at 300 points down right now

Thanks Obama
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Offline Strider

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Re: Stock futures indicate Dow to fall below 7,000
« Reply #12 on: March 02, 2009, 04:01:04 PM »
Quote from: Crazy Horse on March 02, 2009, 03:11:57 PM
Right at 300 points down right now

Thanks Obama
Welcome to Obamatopia...... :(
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Offline Wretched Excess

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Re: Stock futures indicate Dow to fall below 7,000
« Reply #13 on: March 02, 2009, 04:11:13 PM »

there won't be any "rich people" left to raise taxes on before too much longer. 
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Offline Lacarnut

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Re: Stock futures indicate Dow to fall below 7,000
« Reply #14 on: March 02, 2009, 04:16:20 PM »
If Obama keeps listening to numb-nuts who were investment bankers at Goldman S. like Geithner/Paulsen and a senile old fart like Volker whose claim to fame was 18% interest rates under Carter, the Dow may crater further to the 4k level.
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Offline docstew

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Re: Stock futures indicate Dow to fall below 7,000
« Reply #15 on: March 02, 2009, 05:49:06 PM »
I freely admit that I don't know much about the stock market, but I know that higher is better.  I also know that if I am well known as having an impact on it, do something, and it craters, that it's time to stop that something (IOW, you can't get out of a hole by digging more and say that we're going to go into this hole deeper than anyone imagined)
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Offline Rebel

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Re: Stock futures indicate Dow to fall below 7,000
« Reply #16 on: March 02, 2009, 10:30:19 PM »
Quote from: docstew on March 02, 2009, 05:49:06 PM
I freely admit that I don't know much about the stock market, but I know that higher is better.  I also know that if I am well known as having an impact on it, do something, and it craters, that it's time to stop that something (IOW, you can't get out of a hole by digging more and say that we're going to go into this hole deeper than anyone imagined)

Well, to sum it up, we started this bailout bullshit under Bush. It didn't work. It didn't work when Obama did it. It's not working now that he's doing it again. The bailouts DO NOT WORK. Capitalism can only work when you let capitalism work.
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Offline DumbAss Tanker

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Re: Stock futures indicate Dow to fall below 7,000
« Reply #17 on: March 03, 2009, 06:14:14 AM »
Just saw Glen Beck on Fox saying he expects the bottom to be in the 3,000 to 5,000 range, and while he is a commentator rather than an economist, perhaps that gives him a certain freedom of action to speak what he's heard from real experts that members of that club might not have, since the Fuehrer's meda police might hang them from a lightpole for defeatist sentiments.  I have to agree with him...though I expect it in the higher end of that range.
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Offline Wretched Excess

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Re: Stock futures indicate Dow to fall below 7,000
« Reply #18 on: March 03, 2009, 08:14:40 AM »
Quote from: DumbAss Tanker on March 03, 2009, 06:14:14 AM
Just saw Glen Beck on Fox saying he expects the bottom to be in the 3,000 to 5,000 range, and while he is a commentator rather than an economist, perhaps that gives him a certain freedom of action to speak what he's heard from real experts that members of that club might not have, since the Fuehrer's meda police might hang them from a lightpole for defeatist sentiments.  I have to agree with him...though I expect it in the higher end of that range.

the market watchers that were saying 5,000 before the obamagastic bailout and the obamarrific budget are now saying 3,500.

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Offline DumbAss Tanker

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Re: Stock futures indicate Dow to fall below 7,000
« Reply #19 on: March 03, 2009, 08:23:46 AM »
Quote from: Wretched Excess on March 03, 2009, 08:14:40 AM
the market watchers that were saying 5,000 before the obamagastic bailout and the obamarrific budget are now saying 3,500.



I think he would have to take additional steps to make a bad situation worse for it to go that far.  Of course, based on his track record so far, that is not only possible but very likely.

When it hits 4K I'll start thinking about switching my retirement back over to the S&P index fund option from bonds.  Recovering from the trashcan in the 3-4K range back up to DJIA 7K level would more than restore the damage done between the election and the point I threw in the towel on optimism. 
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Offline Wretched Excess

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Re: Stock futures indicate Dow to fall below 7,000
« Reply #20 on: March 03, 2009, 08:42:01 AM »
Quote from: DumbAss Tanker on March 03, 2009, 08:23:46 AM
I think he would have to take additional steps to make a bad situation worse for it to go that far.  Of course, based on his track record so far, that is not only possible but very likely.

When it hits 4K I'll start thinking about switching my retirement back over to the S&P index fund option from bonds.  Recovering from the trashcan in the 3-4K range back up to DJIA 7K level would more than restore the damage done between the election and the point I threw in the towel on optimism. 

he isn't addressing the problem.  he is going on about the business of cramming the liberal agenda down the country's throat as though the whole "depression thingy" is all fixed, when in reality even his pelosi created nightmare of a "stimulus bill" did everything except address the actual problem.

the markets will continue to drop until he does something about the original problem.

watch for friday when the jobs report comes out.  if it is worse than expected, or even as bad as expected, the bottom will fall out again.

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Offline DumbAss Tanker

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Re: Stock futures indicate Dow to fall below 7,000
« Reply #21 on: March 03, 2009, 11:09:12 AM »
Quote from: Wretched Excess on March 03, 2009, 08:42:01 AM
he isn't addressing the problem.  he is going on about the business of cramming the liberal agenda down the country's throat as though the whole "depression thingy" is all fixed, when in reality even his pelosi created nightmare of a "stimulus bill" did everything except address the actual problem.

the markets will continue to drop until he does something about the original problem.

watch for friday when the jobs report comes out.  if it is worse than expected, or even as bad as expected, the bottom will fall out again.



I completely agree.
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