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Started By
Message
Dow futures down big this morning
Posted on 5/23/13 at 8:11 am
Posted on 5/23/13 at 8:11 am
following a 200 pt drop after bernanke spoke...is this the beginning of the "correction"
5
Posted on 5/23/13 at 8:12 am to ThaBigFella
quote:
following a 200 pt drop after bernanke spoke
Which corrected by the end of the day
quote:
is this the beginning of the "correction"
No, from what I have read, as soon as Bank of Japan takes the right steps to correct the bond issue, things will be back where they should be.
The big correction will come when the Fed stops pumping.
Posted on 5/23/13 at 8:19 am to ThaBigFella
quote:
for those who don't know this is the situation in japan LINK
I think the market will start down about 125, maybe fall near 200 and then recover to a small loss by the end of the day.
I may unload a little today
Posted on 5/23/13 at 8:29 am to Lsut81
quote:
No, from what I have read, as soon as Bank of Japan takes the right steps to correct the bond issue, things will be back where they should be
I hope you are correct. I see plenty of (-) manufacturing numbers in Asia.
At least we have some (+) corporate #'s here at home.
Posted on 5/23/13 at 8:31 am to Oenophile Brah
quote:
I hope you are correct. I see plenty of (-) manufacturing numbers in Asia.
Again, that is just what I have read this morning... I am in no way a financial expert and I didn't even stay in a holiday inn express last night.
Just sayin
Posted on 5/23/13 at 8:35 am to Lsut81
Pretty minor sell off.... Everything I am watching has cut its pre-open deficit in half within the first 5 min.
Posted on 5/23/13 at 8:40 am to Lsut81
man i was licking my chops i saw philip morris 92,99 pre-market and then bam it opened higher and now its 94.01 FML.
Posted on 5/23/13 at 8:47 am to ThaBigFella
quote:
man i was licking my chops i saw philip morris 92,99 pre-market and then bam it opened higher and now its 94.01 FML.
Yeah, BA was down a little over $1 pre-market and is back to just 9 cents down. But they did get good news in China approving Dreamliners
Posted on 5/23/13 at 9:13 am to ThaBigFella
Anyone who links ZH as a news source loses my respect.
Posted on 5/23/13 at 9:20 am to LSURussian
quote:
Anyone who links ZH as a news source loses my respect.
Phew... I'm ok then
Posted on 5/23/13 at 9:34 am to Lsut81
russian! I apologize! It was just atop the headlines when i googled Japan Selloff 
Posted on 5/23/13 at 10:22 am to ThaBigFella
It's going to close green.
Posted on 5/23/13 at 10:24 am to LSURussian
quote:
Anyone who links ZH as a news source loses my respect.
I follow them on twitter. They seem very cynical about everything. It's kind of crazy.
Posted on 5/23/13 at 10:25 am to Blakely Bimbo
quote:
It's going to close green.
Looks like it...
Posted on 5/23/13 at 10:35 am to Lsut81
quote:
Lsut81
So far you are a genius.
Posted on 5/23/13 at 10:37 am to Janky
quote:
So far you are a genius.
Even a blind squirrel finds a nut every once in a while...
Posted on 5/23/13 at 10:48 am to LSURussian
quote:
Anyone who links ZH as a news source loses my respect.
It can be a very good source if you know the context and take their opinions with a grain of salt. Good information from time to time, but the angle is so obvious it hurts. Dude is just so damn bitter he got caught for insider trading and got his licenses taken away.
Also keep in mind that any correction in the markets is long overdue, Japan in particular. I doubt it'll be a 10-20% correction but its time to harvest some gains and get some dry powder ready for reinvestment.
Posted on 5/23/13 at 11:09 am to BennyAndTheInkJets
quote:
I follow them on twitter. They seem very cynical about everything.
Probably the understatement of the century.
Posted on 5/23/13 at 12:16 pm to ThaBigFella
IMO it's not "The Correction" (30-50% of move from 2009), but could be a 4-6%'er. Healthy uptrends that last a while (as this one gives every sign of being a long lasting one) have occasional pull backs in the 4-10% range.
Like I said, just my opinion. As of now I plan on buying some if we get in the 14,700ish range on the Dow.
Like I said, just my opinion. As of now I plan on buying some if we get in the 14,700ish range on the Dow.
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