Friday Doom For the Dow!!! | |
Anonymous Coward User ID: 628816 United Kingdom 03/05/2009 04:56 PM Report Abusive Post Report Copyright Violation | |
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Sunray06
User ID: 609073 Canada 03/05/2009 05:02 PM Report Abusive Post Report Copyright Violation | [link to articles.moneycentral.msn.com] Quoting: HisDudelynessThe sell-off sets Friday as potentially a very volatile day of trading. The government will report on U.S. unemployment and nonfarm payrolls before Friday's open. The consensus estimate is for the unemployment rate to hit 7.9% and for payrolls to drop by 650,000. The sell-off in U.S. markets mirrored heavy selling in Europe and parts of Asia. The selling also sent many frightened investors to seek safety in U.S. government securities, gold and silver. Gold closed up $21.10 an ounce to $927.80; silver was up 21 cents to $13.12 an ounce. This is bad...very bad... Many people who post here want lots of doom, well you may a huge pile of delicious doom on Friday. Looks like all markets may see a large sell off with people going to metals for "security" if there is such a thing. I am no "eat", but I can tell you Friday will be bad, and could result in a large number of people being affected. May God help us, and I hope I am wrong. Your a SAVANT "How Do I report an abusive member?" 1950's Baby Doll...Classic Thread |
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HisDudelyness
(OP) User ID: 597472 United States 03/05/2009 05:11 PM Report Abusive Post Report Copyright Violation | My retirement has fallen by half so far...not sure whats going to happen since you can't take out a 401k unless you leave the company. Invest in food and guns, civil unrest looks to be around the corner. War, war never changes... |
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Anonymous Coward User ID: 581488 United States 03/05/2009 05:17 PM Report Abusive Post Report Copyright Violation | Schwiing! [link to img12.imageshack.us] |
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HisDudelyness
(OP) User ID: 597472 United States 03/05/2009 05:22 PM Report Abusive Post Report Copyright Violation | Quoting: Anonymous Coward 581488 Why does it go up so much after Friday? Is that good or bad? I'm pretty ignorant on the timewave zero stuff. War, war never changes... |
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Anonymous Coward User ID: 611170 Canada 03/05/2009 05:36 PM Report Abusive Post Report Copyright Violation | Schwiing! Quoting: HisDudelyness[link to img12.imageshack.us] Why does it go up so much after Friday? Is that good or bad? I'm pretty ignorant on the timewave zero stuff. Bump for explanation |
Anonymous Coward User ID: 581488 United States 03/05/2009 05:49 PM Report Abusive Post Report Copyright Violation | Schwiing! Quoting: HisDudelyness[link to img12.imageshack.us] Why does it go up so much after Friday? Is that good or bad? I'm pretty ignorant on the timewave zero stuff. It goes up because the market is closed. Then it reopens on Monday. Another drop. |
Anonymous Coward User ID: 497288 United States 03/05/2009 06:10 PM Report Abusive Post Report Copyright Violation | Let's see how Asai handels it tonight. When will China say no more Tbonds? That is when it will get very scarry. Quoting: Anonymous Coward 532751The dow dropping is nothing compared to that senario. If that happens, all bets are off, the dollar and most, if not all, of the world's currencies would become worthless overnight. You would then get the senario out of the movie Rollover |
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HisDudelyness
(OP) User ID: 597472 United States 03/05/2009 06:16 PM Report Abusive Post Report Copyright Violation | Schwiing! Quoting: Anonymous Coward 581488[link to img12.imageshack.us] Why does it go up so much after Friday? Is that good or bad? I'm pretty ignorant on the timewave zero stuff. It goes up because the market is closed. Then it reopens on Monday. Another drop. Thanks AC, that does make sense since if there is a big drop on Friday people will most likely panic and sell like mad on Monday too. If there are massive layoffs the Dow will hold steady due to the companys keeping cost down. GM is about to go bankrupt too so that may be the proverbial straw. Man I hope I am really wrong, I would like to retire someday... War, war never changes... |