DOW Closes UP nearly 1,000 points!!! - Page 3 - Mercedes-Benz Forum

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post #21 of 128 (permalink) Old 10-14-2008, 08:58 AM Thread Starter
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And the reason is?
Among many other reasons, the most recent example of his idiocy was his endorsement of Obambi! Volker endorsed Obama because he is the most ignorant of what's actually going on. And Volker wants an idiot, not a President in the WH!

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post #22 of 128 (permalink) Old 10-14-2008, 08:58 AM
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The higher it goes, the harder it falls.

We are only seeing the tip of the iceberg. Wait till the start of the consumer credit card debt crisis. I am not a nay sayer, just want to prepare when shit hits the fan. Never my style to go around celebrating phantom gains.

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post #23 of 128 (permalink) Old 10-14-2008, 09:02 AM
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The higher it goes, the harder it falls.

We are only seeing the tip of the iceberg. Wait till the start of the consumer credit card debt crisis. I am not a nay sayer, just want to prepare when shit hits the fan. Never my style to go around celebrating phantom gains.

And Jay is already laying the fault of this on Obama as the new POTUS.........
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post #24 of 128 (permalink) Old 10-14-2008, 09:03 AM
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ha ha Jayhawk McCain introduces his "economic plan" and the market tanks. You are such a fucking moron.

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

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post #25 of 128 (permalink) Old 10-14-2008, 09:07 AM
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ha ha Jayhawk McCain introduces his "economic plan" and the market tanks. You are such a fucking moron.
Your sig may have a meaning here;

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post #26 of 128 (permalink) Old 10-14-2008, 01:28 PM
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It's not even 8 hours and the market already crashing. I bet you the ink is not even dried on whatever shit Bush signed on.

Jay, you are such a clown.

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post #27 of 128 (permalink) Old 10-14-2008, 01:46 PM Thread Starter
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DOW pulls back less than 1% on "profit taking"



That's pretty good! Much better than I expected after yesterday's huge 936 point explosion upward. I was looking for at least a 50% pull back. Therefore, I read this as conviction that the market has more room to move up in the coming days. Things look good for now, but I await the next shoe to drop...

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post #28 of 128 (permalink) Old 10-14-2008, 01:54 PM
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That's pretty good! Much better than I expected after yesterday's huge 936 point explosion upward. I was looking for at least a 50% pull back. Therefore, I read this as conviction that the market has more room to move up in the coming days. Things look good for now, but I await the next shoe to drop...
Hey, I will be happy if the bottom sets. I have $1000 riding on my 8500 bottom =/-1% prediction. And I am under 6 points within the threshold. So, it is time to grow. I would have preferred to have lost the $1000 on the bet as I would have saved on the front end.

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post #29 of 128 (permalink) Old 10-14-2008, 02:13 PM Thread Starter
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I really do think that last week was what we call "capitulation." And I will be surprised if we are not now on a long upward move--w/ lots of setbacks along the way. Under normal circumstances I would predict that we will be back above 11k or 12k on the Dow by year-end; but w/ all the government interventions around the world, all bets are off. I've been around a long time and thought I had seen it all--up until now. What we are seeing today represents a whole new chapter in financial histoire. It will be interesting to see what happens, but I won't be making many major predictions any time soon.

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post #30 of 128 (permalink) Old 10-14-2008, 02:17 PM
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I really do think that last week was what we call "capitulation." And I will be surprised if we are not now on a long upward move--w/ lots of setbacks along the way. Under normal circumstances I would predict that we will be back above 11k or 12k on the Dow by year-end; but w/ all the government interventions around the world, all bets are off. I've been around a long time and thought I had seen it all--up until now. What we are seeing today represents a whole new chapter in financial histoire. It will be interesting to see what happens, but I won't be making many major predictions any time soon.
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