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| Posted by | Message | RCDfan1950 
LSU Fan
United States
Member since Feb 2007
6607 posts
| re: Warning: Stock Correction Coming Soon (Posted on 10/4/12 at 3:39 pm to C)
Am I wrong in assuming that the Stock Market is directly affected by Bernacke's printing? Kinda like middle men 'laundering' the money, and taking a small cut in some way? I heard something akin to this, but never really understood it.
Romney indicated that he would FIRE Bernacke; begged him NOT to do QE3. So if Romney looks like a winner...a bunch will bail out of the SM...because they will know what is comin.
I can not imagine how Romney/Tea Party will manage this thing. Glad it aint on my shoulders. Could get really messy. Real fast. 
| | Back to top | | tigeraddict
LSU Fan
Baton Rouge
Member since Mar 2007
4435 posts
| re: Warning: Stock Correction Coming Soon (Posted on 10/4/12 at 3:41 pm to Bard)
quote:
I think 51% is a bit doom-n-gloom. I think 33% is closer to what we'll see the pullback get to eventually.
51% is quite high. would take another market bubble to pop
Dow Jones is currently above 13,500. 10% correction would put it at 12,150
20% correction would put it at 10,800
i really don't see it falling back below 10k without some major bubble popping, Europe included.
The market is over inflated and will see a correction, more likely a 15%+/- correction
| | Back to top | | ottothewise
LSU Fan
Member since Sep 2008
32094 posts
| re: Warning: Stock Correction Coming Soon (Posted on 10/4/12 at 3:43 pm to Bard)
quote:
quote:
U.S. stocks have rallied nearly 15% since the start of June, and one expert said that means the market is ripe for a pullback.
"We've just come too far, too fast," said Sean Clark
bull shite.
1. a rally does not "mean" anything.
2. metaphors of distance do not translate into economic indicators.
And perhaps this is a good time to point out that one famous right wing gold seller emailer had told us all that the ENTIRE WORLD ECONOMY was going to collapse and that Oct 1 was the date.
This post was edited on 10/4 at 3:45 pm
| | Back to top | | Catman88
LSU Fan
Baton Rouge, LA
Member since Dec 2004
36333 posts
| re: Warning: Stock Correction Coming Soon (Posted on 10/4/12 at 3:50 pm to ottothewise)
quote:
1. a rally does not "mean" anything.
Why did it rally? What causes stocks to go up?
Was there a economic boom?
or
was there an influx in corporate margins?
What would that occur? What happens when it does occur?
| | Back to top | | Bard 
LA-Monroe Fan
BR
Member since Oct 2008
12796 posts
| re: Warning: Stock Correction Coming Soon (Posted on 10/4/12 at 4:18 pm to ottothewise)
quote:
a rally does not "mean" anything.
A rally always means something because rallies don't happen for no reason. A rally may mean nothing serious or nothing important, but it always means something.
| | Back to top | | Tiger n Miami AU83 
Auburn Fan
Miami
Member since Oct 2007
25164 posts
| re: Warning: Stock Correction Coming Soon (Posted on 10/4/12 at 4:20 pm to Catman88)
quote:
Why did it rally? What causes stocks to go up?
Was there a economic boom?
or
was there an influx in corporate margins?
What would that occur? What happens when it does occur?
Corporate earnings have been relatively strong for over a year now.
I think 10-15% correction is about right from the current levels.
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