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DOW to fall below 11k
- Thread starter lilduckling
- Start date
I read your above posts and I understand what you are saying but I disagree with your assumption that the markets/economy/consumer confidence will straighten out once americans realize we may have it better here than europeans do. That isn't what is holding the confidence of the american consumer down. Americans know already that we live better than the rest of the world. We have internal economic issues(housin/credit/slowing growth/recession etc) that are weighing on consumer confidence besides gas prices that may be lower than the avg europeans. Also our lifestyle differs greatly than europeans. Our country is huge and the highway and driving is a big part of our culture and lifestyle which only recently has begun to be impacted by higher gas prices. Americans have tons of toys. Boats, Rv's personal water craft, bass boats, ski boats, off road ATV's motorcycles etc. The rest of the world lives quite differently than the avg american. Even well off europeans don't drive as much and burn gas like we do. Things are all relative though. Just because we have it so good and others don't is irrelevant. It's apples to oranges. Any squeeze on the american lifestyle is going to be met with plenty of bitchiing no matter how much better we have it than the avg european, Indian, Chinese, African what have you.
Quote from staffpro:
gas here was 5-6$/gallon a year ago alot of friends family are aware of this and refer to inflaton using very vulgar terms lol and it's not only gas it's everything, in america everything has gone up in price as well but not as drasticlaly as over here was what i was trying to say.
Looks like the duck should go waddle back to the pond. Frankly duck, you think too much.
Admit you are wrong duck and go long. You missed out already on two days of profit to the side that historically always wins in the long run.
Quack quack - out!
Admit you are wrong duck and go long. You missed out already on two days of profit to the side that historically always wins in the long run.
Quack quack - out!
$125 a gallon is standard here in the U.S. for Truck and Suv owners with 30 gal tanks. All the soccer moms driving around in Excursions, Chevy tahoes etc........gang bangers in their Cadillac Escalades, Hummers etc...$125+ a fill up.
Quote from traderyin:
Maybe they are used to those type of gas prices? or the usage relative to their income is not as big as your typical American? How about the fact that you are looking at it in USD term. "$125 a tank...wow that's alot" that's because the USD is weak and you are not used to paying so much for gas.
Quote from S2007S:
April 14th 2000 5-6% loss in one day.
March 2001 Dow drops below 10,000
September 2001 Dow drops to 8200
July 2002 Enron/Worldcom news, Dow drops to 7700.
Dow will be headed below 11k again, I think something under 10k is quite possible as well.
In none of the periods you listed did the Dow shred over 8% in one day. The closest one came from Sept 11 where the market opened down 7% on the 17th.
Let say in these 4 occassions you listed that the Dow has a 4%+ down move. That adds up to 4 sessions in 8 years (250 x 8) or ~ 2000 trading sessions. So that is ~ 0.2%. I'm guessing "easily" in your term is probability of ~0.2%?
Quote from traderyin:
In none of the periods you listed did the Dow shred over 8% in one day. The closest one came from Sept 11 where the market opened down 7% on the 17th.
Let say in these 4 occassions you listed that the Dow has a 4%+ down move. That adds up to 4 sessions in 8 years (250 x 8) or ~ 2000 trading sessions. So that is ~ 0.2%. I'm guessing "easily" in your term is probability of ~0.2%?
Excellent point.
But S2007S never backs up anything that he says with statistical evidence. He just "cut and pastes" whatever he reads without doing his own "homework". Leave it to him to think that a probability of ~0.2% is "easy".
Nothing new from this guy.
Same old drum-beat.
Quote from Mvic:
I am long here ES 1265 and NQ 1829 in size (4X relative to what I have been doing the last few months)
There is just too much support for the markets coming online in the next month for them to fall in any meaningful way so am abandoning my 10700 call and realize that 10800 s was good enough and should have gone long then.
Target 1300 and 1920
I am long USO calls as I see a fast rise in oil back to its highs as the only thing likely to sink equities.
Targets met, am taking profits here and leaving 10% of the calls to run with tight stops. Going on a much needed vacation for a few days. Good luck all, careful not to press too hard in this type of market.