Author Topic: Dow Crash Coming To Your 401K (2007 to 2022) (Read 462197 times)

Neurotoxin · « **Reply #1850 on:** February 09, 2009, 10:45:53 AM »

S&P trading range 800-920....currently @ 867. market will straddle the fence until Obama's plan is released. with that i'd expect a decent short cover rally up to S&P 920, before failing.

just my opinion.

NT

Neurotoxin · « **Reply #1851 on:** February 09, 2009, 02:53:29 PM »

Quote from: Neurotoxin on February 09, 2009, 10:45:53 AM

S&P trading range 800-920....currently @ 867. market will straddle the fence until Obama's plan is released. with that i'd expect a decent short cover rally up to S&P 920, before failing.

market essentially flat today. Dow down 9 points.

NT

Feb. 9 Most U.S. stocks fell, snapping a two- day gain, as concern President Barack Obama’s stimulus package won’t be enough to pull the nation out of a recession outweighed a rally in financial and industrial shares.

The Standard & Poor’s 500 Index increased 0.2 percent to 869.89. The Dow Jones Industrial Average lost 9.72 points, or 0.1 percent, to 8,270.87 and the Russell 2000 Index of small companies slipped 0.6 percent.

Neurotoxin · « **Reply #1852 on:** February 10, 2009, 01:47:27 AM »

Quote from: Neurotoxin on February 09, 2009, 10:45:53 AM

S&P trading range 800-920....currently @ 867. market will straddle the fence until Obama's plan is released. with that i'd expect a decent short cover rally up to S&P 920, before failing.

experienced traders market only. long term investors should stay away imo.

my long term bearish stance is unchanged.

NT

Neurotoxin · « **Reply #1853 on:** February 10, 2009, 02:02:26 PM »

the market failed slightly earlier then expected, unable to strike the top of its range. (800-920)

S&P needs to hold 800 (major support) if unable, the Nov 21st low of 740 would be our next support level.

NT

NEW YORK U.S. stocks slumped sharply on Tuesday, with investors objecting to the lack of detail in the government's plan to rescue financial institutions. The Dow Jones Industrial Average fell 381.99 points, or 4.6%, the most since Dec. 1, when it fell 679.95 points, or 7.7%. The S&P 500 declined 42.73 points, or 4.9%, to 827.16, while the Nasdaq Composite shed 66.83 points, or 4.2%, to end at 1,524.73.

Nordic Superman · « **Reply #1854 on:** February 12, 2009, 01:47:57 AM »

Do you think these moderate ups and downs will continue throughout 2009? Do you think they will have the same amplitude or do you think things will become more stable with smaller difference in highs/lows?

Neurotoxin · « **Reply #1855 on:** February 12, 2009, 03:31:28 AM »

Quote from: Nordic Superman on February 12, 2009, 01:47:57 AM

Do you think these moderate ups and downs will continue throughout 2009? Do you think they will have the same amplitude or do you think things will become more stable with smaller difference in highs/lows?

unfortunately i see this market continuing lower. the Fed is out of ammo with regards to lowering interest rates, and corp. earning are decelerating looking forward. furthermore, no bailout plan will turn market sentiment bullish imo. (long term)

S&P holding 800 is key....if we break, things may get very ugly.

NT

Neurotoxin · « **Reply #1856 on:** February 12, 2009, 01:45:11 PM »

at 3pm S&P hit an intraday low of 806.00 (support area) prompting shorts to cover to close @ 835.00

800 continues to act as major support.

NT

Most U.S. Stocks Gain as Market Erases Tumble in Final Hour

Feb. 12 Most U.S. stocks rose as speculation the White House will help struggling mortgage borrowers led a rebound in banks.

The Standard & Poor’s 500 Index rebounded from a 3.1 percent tumble in the final hour of trading, with banks in the gauge recovering most of an 11 percent slide.

The market’s earlier slide was spurred by a jump in jobless claims to a record and concern that Congress’s economic stimulus package will fail to revive the economy.

Bindare_Dundat · « **Reply #1857 on:** February 12, 2009, 07:26:11 PM »

Quote from: Neurotoxin on February 12, 2009, 01:45:11 PM

at 3pm S&P hit an intraday low of 806.00 (support area) prompting shorts to cover to close @ 835.00

800 continues to act as major support.

NT

Most U.S. Stocks Gain as Market Erases Tumble in Final Hour

The Standard & Poor’s 500 Index rebounded from a 3.1 percent tumble in the final hour of trading, with banks in the gauge recovering most of an 11 percent slide.

Care to explain why you underlined those two sentances? Intervention?

Neurotoxin · « **Reply #1858 on:** February 13, 2009, 03:26:30 AM »

Quote from: Bindare_Dundat on February 12, 2009, 07:26:11 PM

Care to explain why you underlined those two sentances? Intervention?

Dow was down 230 points at 3pm, S&P was at/near critical support (800)

BD, i'll let you decide.

NT

Neurotoxin · « **Reply #1859 on:** February 13, 2009, 04:21:38 AM »

Quote from: Bindare_Dundat on February 12, 2009, 07:26:11 PM

Care to explain why you underlined those two sentances? Intervention?

"It was a last 50 minutes that reminded us of the trading we saw in the fourth quarter last year where the last hour tended to see huge moves for no apparent reason," noted credit strategists from Deutsche Bank

Neurotoxin · « **Reply #1860 on:** February 13, 2009, 08:22:11 AM »

guys this market is nothing but smoke and mirrors, please be very careful.

eventually the market will turn, and when it does i will be here to help.

NT

Nordic Superman · « **Reply #1861 on:** February 13, 2009, 09:59:49 AM »

British banking group Lloyds posted a £10 Bil pre-tax loss and has fallen +40% from 100.00 to around 60.00. Heavily impacted many banking institutions in the UK.

Neurotoxin · « **Reply #1862 on:** February 13, 2009, 01:21:55 PM »

S&P heads to first quarter ever of negative earnings

Feb. 13, 2009 As Wall Street tracks Washington's moves to help the beleaguered banking sector and push through a massive economic stimulus, nearly 400 of the S&P's 500 companies have weighed in and reported a collective loss, even excluding the financials.

"This is the worst; after the sixth quarter of negative growth, it will be the first quarter ever of negative earnings," said Howard Silverblatt, senior index analyst, at Standard & Poor's.

A sixth quarter of negative growth ties the prior record set when Harry Truman was president, running from the first quarter of 1951 to the second quarter of 1952.
"Next quarter, we're expecting a new record of seven quarters of negative growth," Silverblatt added.

Neurotoxin · « **Reply #1863 on:** February 13, 2009, 01:30:32 PM »

just more of the same.

NT

U.S. Stocks Drop on Concern Over Bank Losses

Feb. 13 U.S. stocks fell, extending the market’s weekly retreat, after Wells Fargo & Co. said its fourth quarter loss was wider than first reported and a British bank increased provisions for bad loans.

The Standard & Poor’s 500 Index decreased 0.9 percent to 826.79 The Dow fell 82.35 points, or 1 percent, to 7,850.06.

Alex23 · « **Reply #1864 on:** February 13, 2009, 09:04:40 PM »

Quote from: Neurotoxin on February 13, 2009, 08:22:11 AM

guys this market is nothing but smoke and mirrors, please be very careful.
eventually the market will turn, and when it does i will be here to help.
NT

I'm seeing some sectors holding on pretty well; IT infrastructure investments are up in many sectors; For us at Teradata Q4 was extremely strong; a big chunk came from investments in financial analytics; companies trying to analyze their cost structure and optimize their financial performance.

I would think SAP, ORCL, COGN will do decently well in Q1 and Q2.

Just and FYI...

Neurotoxin · « **Reply #1865 on:** February 14, 2009, 03:33:00 AM »

Quote from: Alex23 on February 13, 2009, 09:04:40 PM

I'm seeing some sectors holding on pretty well; IT infrastructure investments are up in many sectors; For us at Teradata Q4 was extremely strong; a big chunk came from investments in financial analytics; companies trying to analyze their cost structure and optimize their financial performance.

I would think SAP, ORCL, COGN will do decently well in Q1 and Q2.

Just and FYI...

correct, the strongest sector is tech/semi's. in previous posts i mentioned the semi's being strong. although, for long term investors i'm still very cautious since the broader market is still very weak and suspect to breaking down further......taking tech with it. only when financials/banks gain strength will the overall market turn bullish.

NT

Bindare_Dundat · « **Reply #1866 on:** February 14, 2009, 09:16:01 AM »

The way you two talk to each other now is disgusting.

Bindare_Dundat · « **Reply #1867 on:** February 14, 2009, 09:19:22 AM »

Neuro, Alex

Care to comment on this?

Neurotoxin · « **Reply #1868 on:** February 16, 2009, 04:37:10 AM »

Quote from: Bindare_Dundat on February 14, 2009, 09:19:22 AM

Neuro, Alex

Care to comment on this?

excess currency will never solve our economic conundrum.

not unlike an ill patient, a sick economy must eventually take its medicine.

NT

Alex23 · « **Reply #1869 on:** February 16, 2009, 07:01:26 PM »

Quote from: Neurotoxin on February 16, 2009, 04:37:10 AM

excess currency will never solve our economic conundrum.
not unlike an ill patient, a sick economy must eventually take its medicine.

NT

Neurotoxin, what is in your opinion the best cure for our AIDS ridden economy?

Like a contaminated brother the economy is, I wish I could do something.

War-Horse · « **Reply #1870 on:** February 16, 2009, 07:07:49 PM »

Quote from: Bindare_Dundat on February 14, 2009, 09:16:01 AM

The way you two talk to each other now is disgusting.

LOL. Im losing interest too.

Bindare_Dundat · « **Reply #1871 on:** February 16, 2009, 08:09:12 PM »

Quote from: Alex23 on February 16, 2009, 07:01:26 PM

Neurotoxin, what is in your opinion the best cure for our AIDS ridden economy?

Like a contaminated brother the economy is, I wish I could do something.

Alex, care to comment on the graph I posted?

War-Horse · « **Reply #1872 on:** February 16, 2009, 08:49:38 PM »

Quote from: Bindare_Dundat on February 16, 2009, 08:09:12 PM

Alex, care to comment on the graph I posted?

I would like to comment that there seems to be a sharp rise, recently.

Bindare_Dundat · « **Reply #1873 on:** February 16, 2009, 08:52:13 PM »

Quote from: War-Horse on February 16, 2009, 08:49:38 PM

I would like to comment that there seems to be a sharp rise, recently.

It's actually declining.

War-Horse · « **Reply #1874 on:** February 16, 2009, 08:55:34 PM »

Quote from: Bindare_Dundat on February 16, 2009, 08:52:13 PM

It's actually declining.

I didnt have my electron telescope at hand. I see that now. Its late, what does it mean?