Page 1 of 2 12 LastLast
Results 1 to 15 of 27
  1. #1
    Addict
    Points: 72,713, Level: 83
    Level completed: 75%, Points required for next Level: 437
    Overall activity: 10.0%
    Achievements:
    VeteranCreated Album pictures50000 Experience Points

    Join Date
    Mar 2006
    Location
    Houston, TX
    Posts
    5,043
    Points
    72,713
    Level
    83
    Thumbs Up
    Received: 84
    Given: 122

    Stock Market - S&P Breaks Key Support

    Look out below. Next stop looks to be in the 960-980 area.
    Tomorrow at 8:30 EST is the May (un)employment data release. Uh oh.



    "We are first and foremost an educational institution that values integrity, honesty and treating others with fairness and respect".

    -ISU President Gregory Geoffroy; circa May 2003.

  2. #2
    Speechless
    Points: 452,975, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 17.0%
    Achievements:
    SocialRecommendation Second ClassVeteran50000 Experience PointsOverdrive
    brianhos's Avatar
    Join Date
    Jun 2006
    Location
    Trenchtown
    Posts
    39,771
    Points
    452,975
    Level
    100
    Thumbs Up
    Received: 289
    Given: 40

    Re: Stock Market - S&P Breaks Key Support

    Ouchie.... Here comes the double dip.


    They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety. - Benjamin Franklin 1775

  3. #3
    Hall-Of-Famer
    Points: 50,342, Level: 69
    Level completed: 43%, Points required for next Level: 808
    Overall activity: 6.0%
    Achievements:
    Veteran50000 Experience Points

    Join Date
    Mar 2006
    Posts
    4,077
    Points
    50,342
    Level
    69
    Thumbs Up
    Received: 104
    Given: 13

    Re: Stock Market - S&P Breaks Key Support

    Not looking good. Slow economy and can't lower interest rates since those bullets were used up 3 years ago to create the borrowing and housing boom.



  4. #4
    Pro
    Points: 60,488, Level: 76
    Level completed: 28%, Points required for next Level: 1,162
    Overall activity: 4.0%
    Achievements:
    Veteran50000 Experience Points
    Cyched's Avatar
    Join Date
    May 2009
    Location
    Omaha
    Posts
    2,596
    Points
    60,488
    Level
    76
    Thumbs Up
    Received: 142
    Given: 96

    Re: Stock Market - S&P Breaks Key Support


  5. #5
    Burgermeister!
    Points: 360,149, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 15.0%
    Achievements:
    SocialVeteran50000 Experience Points
    TykeClone's Avatar
    Join Date
    Oct 2006
    Posts
    23,050
    Points
    360,149
    Level
    100
    Thumbs Up
    Received: 332
    Given: 604

    Re: Stock Market - S&P Breaks Key Support

    Quote Originally Posted by CYKOFAN View Post
    Not looking good. Slow economy and can't lower interest rates since those bullets were used up 3 years ago to create the borrowing and housing boom.
    Don't bet on "0" being the floor.

    Japanese banks hit with negative interest rates - Nov. 6, 1998


    Asteroids are nature's way of asking "How's that space program going?"

  6. #6
    All-Star
    Points: 28,247, Level: 51
    Level completed: 64%, Points required for next Level: 403
    Overall activity: 0%
    Achievements:
    Veteran25000 Experience Points

    Join Date
    Apr 2006
    Posts
    1,232
    Points
    28,247
    Level
    51
    Thumbs Up
    Received: 0
    Given: 0

    Cool Re: Stock Market - S&P Breaks Key Support

    A key support was broken 45 days ago when it went below the 200-day moving average. Hasn't been good since and not looking good in the near future.


    King James

  7. #7
    All-Star
    Points: 30,030, Level: 53
    Level completed: 26%, Points required for next Level: 820
    Overall activity: 1.0%
    Achievements:
    Veteran25000 Experience Points

    Join Date
    Nov 2009
    Posts
    1,095
    Points
    30,030
    Level
    53
    Thumbs Up
    Received: 40
    Given: 107

    Re: Stock Market - S&P Breaks Key Support


  8. #8
    Addict
    Points: 96,603, Level: 96
    Level completed: 78%, Points required for next Level: 447
    Overall activity: 23.0%
    Achievements:
    Veteran50000 Experience Points
    acgclone's Avatar
    Join Date
    Feb 2007
    Posts
    6,934
    Points
    96,603
    Level
    96
    Thumbs Up
    Received: 375
    Given: 68

    Re: Stock Market - S&P Breaks Key Support

    Just about any business owner/operator can tell you that just in the last several weeks, there has been a noticeable decline in sales. In a business that should normally be picking up steam throughout the summer, we're soft.

    This is likely to continue for several months. I think the stock market has done well over the past 15 months in large part due to a rebuilding of inventories and government stimulus that has extended jobless benefits and kept public sector employees from being laid off. That stimulus has now ended and inventories are rebuilt.

    I think that coincides with what we're seeing in the market technically as well.



  9. #9
    Legend
    Points: 211,781, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 42.0%
    Achievements:
    SocialCreated Album picturesVeteran50000 Experience Points
    dmclone's Avatar
    Join Date
    Oct 2006
    Location
    50131
    Posts
    13,682
    Points
    211,781
    Level
    100
    Thumbs Up
    Received: 329
    Given: 525

    Re: Stock Market - S&P Breaks Key Support

    Happy I made these changes at the start of the month. I just wish I would have went a little further. Now the big question is when to get back in. I don't think anything good can happen this year. I would also think a lot of people will be selling before 2011 because of the tax changes coming but what do I know.

    http://www.cyclonefanatic.com/forum/...k-changes.html



  10. #10
    Speechless
    Points: 401,724, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 94.0%
    Achievements:
    SocialOverdriveVeteran50000 Experience Points
    Wesley's Avatar
    Join Date
    Apr 2006
    Location
    Omaha
    Posts
    59,542
    Points
    401,724
    Level
    100
    Thumbs Up
    Received: 646
    Given: 403

    Re: Stock Market - S&P Breaks Key Support

    Looks like a drop of 1000 in Dow is now possible.


    Let my Fred's Posse Ride: Georges, Naz, Hogue, Bryce, Nader, Monte, Matt, and McKay.

  11. #11
    Speechless
    Points: 737,149, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 81.0%
    Achievements:
    SocialVeteranCreated Album pictures50000 Experience PointsOverdrive
    Cyclonepride's Avatar
    Join Date
    Apr 2006
    Location
    A pineapple under the sea
    Posts
    48,073
    Points
    737,149
    Level
    100
    Thumbs Up
    Received: 1,598
    Given: 759

    Re: Stock Market - S&P Breaks Key Support

    All there really is to do is let it ride. Not sure where else I'd put my money, and I'm in it for the long term.



  12. #12
    Addict
    Points: 144,275, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 13.0%
    Achievements:
    Veteran50000 Experience Points

    Join Date
    Apr 2006
    Posts
    7,932
    Points
    144,275
    Level
    100
    Thumbs Up
    Received: 199
    Given: 280

    Re: Stock Market - S&P Breaks Key Support

    Quote Originally Posted by brianhos View Post
    Ouchie.... Here comes the double dip.
    the dd that you speak of has all been a sham...we have never exited the Great Recession. Consumers have not been spending outside of tax incentive spending...ie housing etc. This is not going to be a smooth landing by any means. I was talking to a hedge fund manager friend...he has been building a 'wall of cash' for sometime.


    As far as depth goes though, the combination of White, Woodbury, Olaseni, Basabe, and Uthoff is much better than Niang, Ejim, Edozie, Gibson. Not because of the top 2, but because of the next 2 or 3. -DeanVogs

  13. #13
    Pro
    Points: 47,774, Level: 67
    Level completed: 59%, Points required for next Level: 576
    Overall activity: 0%
    Achievements:
    Veteran25000 Experience Points
    StLouisClone's Avatar
    Join Date
    Apr 2006
    Location
    St. Louis
    Posts
    2,708
    Points
    47,774
    Level
    67
    Thumbs Up
    Received: 0
    Given: 0

    Re: Stock Market - S&P Breaks Key Support

    Quote Originally Posted by Wesley View Post
    Looks like a drop of 1000 in Dow is now possible.
    Over what time frame? Tomorrow?

    It's already dropped 1500 points from its April high. Back then Larry Kudlow couldn't do a show without mentioning the V-shaped recovery we were in. I haven't heard him mention a peep about it in the last couple weeks. Bulls are getting harder and harder to find.



  14. #14
    Addict
    Points: 144,275, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 13.0%
    Achievements:
    Veteran50000 Experience Points

    Join Date
    Apr 2006
    Posts
    7,932
    Points
    144,275
    Level
    100
    Thumbs Up
    Received: 199
    Given: 280

    Re: Stock Market - S&P Breaks Key Support

    Quote Originally Posted by Cyclonepride View Post
    All there really is to do is let it ride. Not sure where else I'd put my money, and I'm in it for the long term.
    cash...who cares if you get 0.05% the alternative sucks-


    As far as depth goes though, the combination of White, Woodbury, Olaseni, Basabe, and Uthoff is much better than Niang, Ejim, Edozie, Gibson. Not because of the top 2, but because of the next 2 or 3. -DeanVogs

  15. #15
    Addict
    Points: 144,275, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 13.0%
    Achievements:
    Veteran50000 Experience Points

    Join Date
    Apr 2006
    Posts
    7,932
    Points
    144,275
    Level
    100
    Thumbs Up
    Received: 199
    Given: 280

    Re: Stock Market - S&P Breaks Key Support

    Quote Originally Posted by StLouisClone View Post
    Over what time frame? Tomorrow?

    It's already dropped 1500 points from its April high. Back then Larry Kudlow couldn't do a show without mentioning the V-shaped recovery we were in. I haven't heard him mention a peep about it in the last couple weeks. Bulls are getting harder and harder to find.
    kudlow is the equivalent of a news anchor...nothing more. Anybody looking at him beyond that is a bit 'touched' in the head.


    As far as depth goes though, the combination of White, Woodbury, Olaseni, Basabe, and Uthoff is much better than Niang, Ejim, Edozie, Gibson. Not because of the top 2, but because of the next 2 or 3. -DeanVogs

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
  • TV: FS1
  • Iowa State vs. Oklahoma
  • November 1, 2014
  • 11:00 AM