It will drop over 300 points to add further to the 205 drop last Friday.

Excellent! I'll be on the hunt for some stock bargains.

Mr Wall Street Wrote:
-------------------------------------------------------
> It will drop over 300 points to add further to the
> 205 drop last Friday.


Right now Nikei and Hang Seng are pretty much flat (-0.81% and +0.05% respectively). After-hours US trading is mixed, Dow up .9 points, NASDAQ up 6 points, DOW down 4 points.

Are you hoping for a repeat of Black Monday so you can imagine it gives Obama a black eye? Or do you just like hoping bad news? Keep wishing. Black Monday's anniversay was Friday, and the DJIA loss of 205 points was only a 1.5% loss. Nothing close to the 23% loss in 1987.

I know for the uninitiated who watch certain news channels, it is easy to get scared. They probably only told you that the October 19 1987 loss was 502 points, and the DJIA lost 205 on Friday. That means the DOW lost HALF AS MUCH AS IT DID IN 1987!!! Angry Retired White Men Should Panic! QE3! PANIC!

But the percentages are nowhere near each other. 1.5% loss this past friday, 22.6% loss in 1987.

Thanks Hang Seng.

For those of us who actually hold positions in this market know that the market was up for the week. Friday was a little profit taking -- plus a few jitters about Google, GE, McDonalds missing forecasts. This happens from time-to-time.

Note these companies had significant profits. They just weren't as high as the markets were hoping for.

This has been a good market this year in the U.S. It has been Europe that has been holding the markets back. Sophisticated investors also know that China is in a very large real estate bubble and a bull market that is very long in the tooth. Someday soon, China will have a recession or at least a slowdown in growth. When that day comes the markets will suffer.

Ito Wrote:
-------------------------------------------------------
> Thanks Hang Seng.
>
> For those of us who actually hold positions in
> this market know that the market was up for the
> week. Friday was a little profit taking -- plus a
> few jitters about Google, GE, McDonalds missing
> forecasts. This happens from time-to-time.
>
> Note these companies had significant profits. They
> just weren't as high as the markets were hoping
> for.
>
> This has been a good market this year in the U.S.
> It has been Europe that has been holding the
> markets back. Sophisticated investors also know
> that China is in a very large real estate bubble
> and a bull market that is very long in the tooth.
> Someday soon, China will have a recession or at
> least a slowdown in growth. When that day comes
> the markets will suffer.


I think China IS in recession. They've gone from 9.x% GDP growth down to the 7 percent range. For a command-economy with an infinite supply of new labor that can be constantly introduced into the market, that 2%+ dip should be considered a recession.

Oh yeah. I just remembered the definition of recession, which the chinese havve obviously been trying to avoid acknowledging -- two consecutive quarters of decline in GDP growth. Yup, I think China is in recession.

Mr Hang Seng Wrote:
-------------------------------------------------------
> Ito Wrote:
> --------------------------------------------------
> -----
> > Thanks Hang Seng.
> >
> > For those of us who actually hold positions in
> > this market know that the market was up for the
> > week. Friday was a little profit taking -- plus
> a
> > few jitters about Google, GE, McDonalds missing
> > forecasts. This happens from time-to-time.
> >
> > Note these companies had significant profits.
> They
> > just weren't as high as the markets were hoping
> > for.
> >
> > This has been a good market this year in the
> U.S.
> > It has been Europe that has been holding the
> > markets back. Sophisticated investors also know
> > that China is in a very large real estate
> bubble
> > and a bull market that is very long in the
> tooth.
> > Someday soon, China will have a recession or at
> > least a slowdown in growth. When that day comes
> > the markets will suffer.
>
>
> I think China IS in recession. They've gone from
> 9.x% GDP growth down to the 7 percent range. For
> a command-economy with an infinite supply of new
> labor that can be constantly introduced into the
> market, that 2%+ dip should be considered a
> recession.
>
> Oh yeah. I just remembered the definition of
> recession, which the chinese havve obviously been
> trying to avoid acknowledging -- two consecutive
> quarters of decline in GDP growth. Yup, I think
> China is in recession.


You might as well just make up your own numbers for China.

They'll be as accurate as any of their gamed reports.

Wang Chung Wrote:
-------------------------------------------------------
> Mr Hang Seng Wrote:
> --------------------------------------------------
> > They've gone from
> > 9.x% GDP growth down to the 7 percent range.
>
>
> You might as well just make up your own numbers
> for China.
>
> They'll be as accurate as any of their gamed
> reports.


They don't really have to game the reports when they can game their entire economy. They can send a dozen buses into some village and truck in a whole bunch of new workers anytime they like, or if wages start getting out of hand.

You're right, though. Might as well just pick numbers out of the sky. If you know what their goals are at any given moment, you might even pick the same numbers as they do.

Not impressed with your prediction so far.

Only down 92 points, or -0.70% with 54 minutes left of trading.

The Fed came out and said they might do more printing. It's an indication that prices are at an unnatural level and demand falls dramatically without the Fed in the market. Economic expansion or no, most private activity in the market is geared toward frontrunning the Fed. They'll eventually buy stocks imo.

DJIA
13,345.89 +2.38 (+0.02%)

NASDAQ
3,016.96 +11.34 (+0.38%)

S&P 500
1,433.82 +0.63 (+0.04%)

Russell 2000
820.52 -0.48 (-0.06%)

I think the OP should keep his day job.

OP You failed.
OP You have no credibility.
OP You have no integrity.
OP You are banished.

-248

The 200-day moving average is just below 13K (12,962).

Considering the market close when Obama was inaugurated was 7,949.09, looks like somebody was doing something right.

The lesson to be learned from the 20's, 30's, 90's and 00's should be what steps were taken that appeared to make things "right" but turned out to have created much bigger problems later on. Professional economists and financial news pundits completely gloss over the implications of creating credit bubbles and never-ending stimulus.