Quote from Day7793: Some unknown bygone index from ISM that nobody knows didn't drop the market, its was short selling a FED INSPIRED RALLY and all the bears jumped on it. Wonder which way these morons will trade tomorrow. They were waiting for the market to turn up and than start selling. Now they will retest the lows of 1/22/2008. Than wait for some upside and try to short again. Seen that been there done that.
Wow! You sound really angry dude. What's the matter? Bears got your panties all in a bunch? Shorts steal all your money again today asno?
Let's see, futures dropped 20 points upon release of the ISM report at 08:55 EST. Yeah, that report didn't drop the market, the Fed inspired rally did, yeah that's it! That's the ticket!
http://www.youtube.com/watch?v=TT32h4h6-Jg
Get back on topic here and pay attention to what's coming down the pike. Notice any theme in the following headlines?
MarketWatch - ISM report fans
recession fears; stocks drop
AFP -
Recession fears gain as service sector plunges
CNNMoney.com -
Recession is here â economists
Reuters - Fed's Lacker sees chance of
recession
Boston Herald, United States - âItâs a
recessionâ economist Nigel Gault
Financial Times, UK - Markets hit as data point to
recession
Guardian Unlimited, UK - US services index plummets, points to
recession
Reuters - Wall Street skids about 3 percent on
recession sign
Reuters - US
recession could be worse than recent downturns
Hereâs one more for you:
PALM BEACH GARDENS, Fla. (MarketWatch) -- The Federal Deposit Insurance Corp. is gearing up for the prospect of a large bank failure. FDIC data indicate there were 65 institutions with assets of $18.5 billion on its list of "problem" institutions. Barr would not elaborate on their sizes. Nor will the FDIC name the institutions.
Don't say you weren't warned. Have a nice day!
Just,
Mi2centavos