Stock Market Close Tomorrow?

[carguym14]

Where do you guys think the market will close tomorrow?

Above 10,000?

Or below?

10,000 seems to be the magic number,so I'm thinking it will head up tomorrow.

Just for laughs.......

[2barearms]

Government Sachs will bid it back up over 10,000 after Ben makes
the nightly deposit.

[gates]

All depends on what comes out of Jackson hole and GDP revision numbers.

[Topbanana]

Dude, Bernanke is going to open his mouth tomorrow, that is always a sure-fire market crasher anyway. This CANNOT come at a worse time!

http://www.aerospaceweb.org/aircraft/bomber/b52/b52_04.jpg

[2barearms]

The markets are UP on bad news. So the markets go DOWN on good news?

The new market pardigm bad is good and good is bad.

Your Government Sachs at work today!

[gates]

yep - GS is having a field day OR theres a massive inflation play - /ZN is shitnapping and /ES is rocketing - RISK ON! LOL!!! NOTHING has changed and I rhink this is a massive short squeeze before they take it down.

[Eric Bryant]

I'll know that reality will have set in when you guys stop trying to second-guess the moves of the market.

Jackson Hole completely aside, a brief pop upward in the market shouldn't have been surprising after the previous week-plus of downward movement.

If the crash is yet to come, I expect it to play out differently than last time - maybe we do the up-and-down rollercoaster and piss away several thousand points, 50 points at a time, over a couple years. Or maybe we get a flash crash and it goes to zero in a few second. I dunno.

But hell, guys - stop pretending like the market should actually correlate to the daily news. That's about as damn annoying as the three-year-old kid who is amazed that the sky is blue.

:)

[carguym14]

Originally posted by Eric Bryant
I'll know that reality will have set in when you guys stop trying to second-guess the moves of the market.

Jackson Hole completely aside, a brief pop upward in the market shouldn't have been surprising after the previous week-plus of downward movement.

If the crash is yet to come, I expect it to play out differently than last time - maybe we do the up-and-down rollercoaster and piss away several thousand points, 50 points at a time, over a couple years. Or maybe we get a flash crash and it goes to zero in a few second. I dunno.

But hell, guys - stop pretending like the market should actually correlate to the daily news. That's about as damn annoying as the three-year-old kid who is amazed that the sky is blue.

:)


I don't think the market really correlates to anything anymore.

I just find the game.........fascinating to watch.You can almost prdict what happens with certainty anymore.

[Eric Bryant]

Originally posted by carguym14
I don't think the market really correlates to anything anymore.

This.

The market is just on some sort of wacko cruise-control towards disaster, and anyone who feigns shock at an index closing one way or another "on the news of the day" is kinda getting annoying. Yeah, the market goes up on bad news - we get that already.

If the market made any sense, we'd already be plunging below the June 2009 lows since there is clearly less upside potential now than there was 14 months ago. But the market doesn't make sense. Let's stop pretending that it ever did in the past 15+ years, or that it ever will again without major changes.

[Skilter]

go read ZH tonight...

http://www.zerohedge.com/article/elites-have-lost-right-rule

FUBAR...

How does gold, oil, stocks go up on market news that is contrary! IT CANT...

Oil and Water DON'T MIX.... EVER... Unless it is blended unnaturally...

Good grief... we are f'ed as a country based on a true marketplace.

One thing he (in the article linked above) leaves out as a commodity is ammo. In the ultimate words of James Brown...

"Get up, Get into it, Get involved..."

Sorry for being a little off the hook tonight, but man... how do you really have a day like today in the markets with Ben and the news and all ... DAMN!

[gates]

the way you have a day like this is as follows - the major players, GS et. al., took Bbs statement to mean that if things continue to deteriorate they will get more stim money via QE that they will be able to use it to pump the market again and dems the facts... the reality is the average employed American judges, to a large extent, the success or failure of govts actions to bring the country out of recession on their 401k statement - if the balance goes up its getting better - if it goes down its failing - TPTB know this.

[2barearms]

Originally posted by gates
the way you have a day like this is as follows - the major players, GS et. al., took Bbs statement to mean that if things continue to deteriorate they will get more stim money via QE that they will be able to use it to pump the market again and dems the facts... the reality is the average employed American judges, to a large extent, the success or failure of govts actions to bring the country out of recession on their 401k statement - if the balance goes up its getting better - if it goes down its failing - TPTB know this.

Yes. But the average investor/institutional investor is looking at the next
intersection. Taxes, inflation, etc. (which are news btw) all affect the daily
mood of the market. There is little chance of a crash to nothing, the breakers
are set pretty low and the regulators would just halt trading at this point.
The market could take a 50 point ride up or down at 10,000 ad infinitum.

Also,the same could be said for the excess values that folks started spending
when Helocs became the norm and many folks were seduced into these
nightmares.

[cpd109]

I was pretty sure the market would have slid down some on the news from last quarter. At this point though, I am an observer. I also watch for the price of gold since when it goes up, I see the value of the dollar going down. But that's just me.

[one hand clapping]

The value of gold NEVER goes up. It will buy the same amount of goods and services all through out history. The " price Change" is due to the DROPPING value of the notes most use to purchace said metal. when you hear the phrase " gold is up" just think " the paper I traded X hours of my life to get are now not worth near as much [kinda like working a 5 day week for three days of pay]

Knowledge is power.

OHC.