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Old 05-06-2010, 02:55 PM   #41
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You've been saying this since last July, at some point you are going to be right. How much would we have missed if we got out last July?
I will refer you now to my quote of 4/16/2010..........

Dow Prediction for 12/31/10

Sorry...........I don't see any reason to be bullish as long as the govt is spending money like water, the Euro is in freefall, and we still have high unemployment...........
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Old 05-06-2010, 02:58 PM   #42
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Go to Italy - south, north or Sicily.
We have been there.
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If you want to see Greek statues go to the British Museum.
We have been there too!

I do not have enough of the Mediterranean sea. Got to be there!
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Old 05-06-2010, 03:04 PM   #43
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Something looks very fishy about this 'blip' in the chart...
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File Type: png S&P 500 May 6 2010.png (5.6 KB, 11 views)
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Old 05-06-2010, 03:05 PM   #44
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Looks like the UK may have been smart not to go the Euro route. It just proves that most nations want to be paid in US dollars, regardless of what the "experts" say...........
Hum, not sure the UK has much to celebrate either... I am watching those elections closely.
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Old 05-06-2010, 03:06 PM   #45
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Something looks very fishy about this 'blip' in the chart...
Yeah, somebody really made out.
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Old 05-06-2010, 03:07 PM   #46
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So maybe Russian or Chinese or Nigerian hackers just did berry berry well in the markets today?
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Old 05-06-2010, 03:08 PM   #47
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Yeah, somebody really made out.
I think you're right. Wall Street flexing its political muscle or just an "accident"?... hum, dunno. But for sure someone must have made a killing.
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Old 05-06-2010, 03:09 PM   #48
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Ok, so the market recovers, and I may not even set a new personal record of single-day loss.

Wait! Still have to wait for MF reporting. :-(

I feel like re-posting a song entitled Méditerranéenne, actually an Italian song with French lyrics by Hervé Vilard, but he sung about the Camargue region of France rather than the Aegean sea. That would cheer everyone up. :-)
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Old 05-06-2010, 03:10 PM   #49
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Something glitched in the electronic trading or got massively manipulated.

At one point PG traded at 39 and change even though the NYSE itself had no trades under 56 (it closed around 60). Accenture had a listed trade at ONE CENT and closed around $40.

This wasn't simply a wave of panic selling. Something went very wrong. As if investors needed another reason not to trust the markets...
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Old 05-06-2010, 03:14 PM   #50
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Something looks very fishy about this 'blip' in the chart...
Like no volume during the blip maybe? Is this a reporting error?
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Old 05-06-2010, 03:15 PM   #51
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Something looks very fishy about this 'blip' in the chart...
I was just reading on Yahoo finance about "conflicting reports that a trading error at a major firm on the NYSE was a contributing factor". If so, someone's rear end is in deep doo-doo. I can imagine the suits scurrying around trying to find someone to blame.
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Old 05-06-2010, 03:19 PM   #52
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I was out working in the yard and missed the big dip. When coming back in the house, looked at my screen of MS Money Portfolio Manager, and saw that one of my ETFs, XSD, had its price reported in the pennies, or something such. Just shrugged it off because I knew it wasn't "real". But was it a glitch in MS Money price reporting, or some trades actually went through at that price?
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Old 05-06-2010, 03:21 PM   #53
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I was sitting here working and happened to turn on CNBC to see the coverage of the Greek protests and imagine my surprise to see the DOW free falling about 800 points in the blink of an eye, it seemed.

This was no accident, IMHO. I think we're all grownups by now since this economic meltdown occured. There was someone behind the curtain pulling some levers today. As a typical not-very-sophisticated investor, I wouldn't put one more dime into the stock market.
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Old 05-06-2010, 03:21 PM   #54
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Fishy, or just wrong...
dow.gif
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Old 05-06-2010, 03:24 PM   #55
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People putting in stop-loss orders got a big whiplash today.

Oops... What if they turn happy tomorrow?
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Old 05-06-2010, 03:25 PM   #56
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This was no accident, IMHO. I think we're all grownups by now since this economic meltdown occured. There was someone behind the curtain pulling some levers today.
I think that's a very good point. Most of us learned from the experience of 2008-2009.
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Old 05-06-2010, 03:26 PM   #57
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Fishy, or just wrong...
Attachment 9130
Yeah, I noticed that. What's it mean?? Far as I know, trading wasn't suspended....something fishy in Denmark for sure.
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Old 05-06-2010, 03:30 PM   #58
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Ever an optimist, I hope that the Greek fiasco will teach the world that a gummint's promise is not worth the paper its money is printed on.

Oh, never mind! It is not like no country has gone down that path before. It is not really possible to learn from someone else's problem. People just have to make the same mistakes anew.
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Old 05-06-2010, 03:31 PM   #59
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I was sitting here working and happened to turn on CNBC to see the coverage of the Greek protests and imagine my surprise to see the DOW free falling about 800 points in the blink of an eye, it seemed.

This was no accident, IMHO. I think we're all grownups by now since this economic meltdown occured. There was someone behind the curtain pulling some levers today. As a typical not-very-sophisticated investor, I wouldn't put one more dime into the stock market.
Follow the story on CNBC that it was triggered by trader error and traced back to CITI!!!! Which just happens to have a large government ownership.
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Old 05-06-2010, 03:37 PM   #60
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Follow the story on CNBC that it was triggered by trader error and traced back to CITI!!!! Which just happens to have a large government ownership.

It was the government's fault? Oh gimme a break.
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