Announcement

Collapse
No announcement yet.

Stock market at critical support level

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Stock market at critical support level

    FYI This is serious and I'm taking the time to write this so please be aware we could see a Big market crash in the next few days or weeks.

    Especially after T day or after the first of the year.

    Be very aware of the stock market, I posted on this over the past few months. Everything I've stated has come true including Gasoline less than $2 a gallon.

    Money is fleeing the market with the uncertainty of business and the massive liquidity issues.

    Things in the market are very serious right now. If the Dow drops below 7000. The Next great depression will occur and The market could go down to 4000 easily, This is huge. Massive layoffs and store closures will then occur. Government will also have to reduce payrolls and services

    Clean energy today traded around $3.50. I posted a few weeks ago it would go down to $3 I also posted about oil going to $55 a barrel. Both came true.

    If CLNE closes below a $1 in the next few weeks It may be worth buying, but Gasoline prices are going to kill alt fuels. So I would stay way. Clean diesel will make a comeback in city bus fleets. T boon is getting creamed.

    If the market holds above 7000 until the end of the year and into the first 4 months of next year this will be market bottom,

    The economy isn't looking any better and I think were headed south in a big way.

    Gasoline is below $2 today in LA. Oil will continue to drop to $45 a barrel and may go down to $35 by Feb 09. $1.55 a gallon Mario....The Dollar will rise in Price vs most other currency's helping reduce the cost of Oil, and foreign products.

    Inflation will occur next year when interest rates rise. Deflation will occur on Autos Real estate and anything with massive surplus..... clothes electronics ect. Many businesses will fail.

    The auto industry will have a massive bankruptcy sale in they next year. The Cars are piling up in the ports and on the lots. 3500 car Dealer ships will close nation wide this year. The tax payers can't afford to bail anyone else out.


    No one in the media or government is talking about the cause and solution to fix the financial problems.

    This is global bank liquidity and global currency financial warfare. Europe, Asia and China have all come to the aid of the financial markets, except the Middle east, and Russia The Middle east has a lot of our gasoline money, they haven't come to our aid, Why?

    They want to see our democracy fail. Russia is back to super power not so friendly status. China needs to sell products world wide to keep there billions of people happily employed so they are on our side and have been providing Lots of bail out $Loans for the USA.
    China however announced a bail out package for there citizens and the $$$ for loans to the the USA is drying up fast...

    Russia is making a lot of $ on military hardware selling to our enemy's. China is too but they are making more on selling goods vs guns worldwide and want to keep there massive population happily employed.

    Keep your eyes open, because things world wide just may start to change rapidly. I foresee Riots in China and Breadlines here in the USA.

    Drought here in the USA will become a major issue this year and water will also increase in price.

    A massive new Deal with the new Obama administration, may eventually lead to a hydrogen highway, but our country and the world are in massive debt.

    The middle east oil $$ billions will start buying up America when the dow crashes to 4000. They made a lot of $ on shorting the markets before 9/11. They know they can't fight a war and win face to face, but they can fight financially.

    There not going to fight us on the battle field they are going to own us with our own money spent on foreign oil. Think about it,

    Why isn't OPEC loaning $$$ to US auto makers don't they have a vested interest in successful gasoline sales. 25 billion is nothing compared to the 700 billion they made last year and the billions they have stashed away.

    I'm not a doom and gloom guy just a serious technical market watcher.

  • #2
    Re: Stock market at critical support level

    That's alright, I've got a couple bottles of water and some cans of old spam in the garage. I'm fine.
    1997 Factory Crown Victoria w/ extended tanks ~~ Clunkerized!
    2000 Bi-Fuel Expedition --> ~~ Sold ~~ <--

    Comment


    • #3
      Re: Stock market at critical support level

      lol !!!!!!

      Comment


      • #4
        Re: Stock market at critical support level

        Do you think if congress cuts or eliminates the capital gains tax, that it will
        have a long term impact on the stock market? Say for instance they did it for
        a four year period.

        Comment


        • #5
          Re: Stock market at critical support level

          I honestly don't think Congress can do anything to stop the downturn. This has more to do with HOW the big companies (mostly banks, plus the auto industry), have been doing business. The only way to shorten or reverse the damages done is for them to take an about face and straighten up. Lots of Banks have already started making the changes, (In fact, MOST have), though the full extent of the banking problem is still to show its head (mostly, because there are still a LOT of bad loans sitting out there, waiting to spoil). Also, the worst of the banks are being seized/gobbled up by the few large banks that WERE doing things right. (see: Downey Seized, Sold to U.S. Bancorp as Mortgages Fail) The best government can do is help to ease these transitions.

          Times will be tough for a while, nothing can change that. The American people have already shown great resilience and have drastically changed practices to cope. Public transportation use has followed gasoline prices almost perfectly, showing people's ability to change habits when needed. Also, even in these tough times, Walmart's sales have actually gone UP, showing that people are actually making a choice to shop wiser. The problem is, the big bloated corps that are resistant to change, and the mid sized businesses that are too over-extended to cope with the change. Nothing will help them, no matter how much you cut taxes.
          1997 Factory Crown Victoria w/ extended tanks ~~ Clunkerized!
          2000 Bi-Fuel Expedition --> ~~ Sold ~~ <--

          Comment


          • #6
            Re: Stock market at critical support level

            I wish there was a 4 year capital gains tax incentive/ break on trades and a tax free 401K withdraw...

            Comment


            • #7
              Re: Stock market at critical support level

              Good post Crazi

              Comment


              • #8
                Re: Stock market at critical support level

                we could see a Big market crash in the next few days or weeks.

                Especially after T day or after the first of the year.
                The market went down after T day today. Now were back to 8100 The economy is getting worse.... and the dow will go down for the next week. Remeber Dow 7000 is critical. If we drop below 7000 watch out!!!!!!

                Comment


                • #9
                  Re: Stock market at critical support level

                  Dow 7000 is coming into view. It seems the market doesnt like the 800 billion dollar stimulus plan. What have we to look forward to camryman?

                  Comment


                  • #10
                    Re: Stock market at critical support level

                    Originally posted by rgliedt View Post
                    Dow 7000 is coming into view. It seems the market doesnt like the 800 billion dollar stimulus plan. What have we to look forward to camryman?
                    I think it's obvious.. we have to look forward to greater debt, the rich being robbed for the poor, an even greater exodus of commerce/industry to elsewhere where the market is left more 'free'. Remember when the US was the bastion of the free market? Now we have so much meddling by the ever growing government, the collapse of the soviet socialist states of america is not far off.
                    1997 Factory Crown Victoria w/ extended tanks ~~ Clunkerized!
                    2000 Bi-Fuel Expedition --> ~~ Sold ~~ <--

                    Comment


                    • #11
                      Re: Stock market at critical support level

                      Originally posted by CraziFuzzy View Post
                      I think it's obvious.. we have to look forward to greater debt, the rich being robbed for the poor, an even greater exodus of commerce/industry to elsewhere where the market is left more 'free'. Remember when the US was the bastion of the free market? Now we have so much meddling by the ever growing government, the collapse of the soviet socialist states of america is not far off.
                      As long as my tax dollars are used to bail out Wall Street, I have no problem with the rich footing the bill for this problem too. Ideally, I would have liked to see all troubled banks go bankrupt and go into receivership and let the fittest survive, same treatment for the auto makers too, along with all the rest of the bloated, overstretched greedy bastards that gave themselves huge bonuses while robbing corporations blind. Then we could have started all over again. But since we're not doing that, but using taxpayer dollars to continue putting money in the pockets of the incompetent leadership of these non-viable companies....yes the rich have to pay for that as well along with me and everyone else.
                      Adrian

                      Navy 2008 Civic GX (wife's)
                      Silver 2012 Toyota Prius
                      Grey 2012 Civic Natural Gas (mine)

                      Comment


                      • #12
                        Re: Stock market at critical support level

                        The problem here is that the 'Rich' in the eyes of those making the 'decisions' includes anyone able to pay their bills.
                        1997 Factory Crown Victoria w/ extended tanks ~~ Clunkerized!
                        2000 Bi-Fuel Expedition --> ~~ Sold ~~ <--

                        Comment


                        • #13
                          Re: Stock market at critical support level

                          Originally posted by CraziFuzzy View Post
                          The problem here is that the 'Rich' in the eyes of those making the 'decisions' includes anyone able to pay their bills.
                          I'm personally more disgusted with my tax dollars being doled out as bonuses for incompetent banking industry executives than with spending on people that can't afford to pay bills. Either way we're screwed, since it looks like everyone has their hand out.
                          Adrian

                          Navy 2008 Civic GX (wife's)
                          Silver 2012 Toyota Prius
                          Grey 2012 Civic Natural Gas (mine)

                          Comment


                          • #14
                            Re: Stock market at critical support level

                            I am waiting for the cowboy trucking bail out so I can give myself a abig fat raise just kidding I dont want any thing the basterds have and and dont want them taking anything from me so much for wanting but it is good to see there is some out there thinking to raise these questions cowboy

                            Comment

                            Working...
                            X