Why has it dropped so much today? Currently 102 ish down. Have the oil prices finally caught up with it?
Keep it simple please, I love watching how much the markets go up and down but really don't understand all the ins and outs........
Full Version: Dow Down
The trade gap for the last month in USA widened considerably.
And the Dow will carry on going down dragging FTSE with it.
Higher oil prices caused part of the problem.
At the moment the Dow is weaker than my bladder.
And the Dow will carry on going down dragging FTSE with it.
Higher oil prices caused part of the problem.
At the moment the Dow is weaker than my bladder.
L.,
I look at markets differently...
Psychology and sentiment moves markets, not news.
Example: 9/11 had a huge impact. 7/7 was over in a day.
Similar news, different market environment.
(The media plays the game of "pin the news to the market",
but pro traders know better.)
IMHO: This market is getting ready to roll over. Wall Street may have seen its highs,
but it is not dead yet. So the Oil news hurts, but does not kill the market.
Oil, debt, terrorism, etc. may slaughter the market in Sept., a season while markets are very vulnerable to drops.
I look at markets differently...
Psychology and sentiment moves markets, not news.
Example: 9/11 had a huge impact. 7/7 was over in a day.
Similar news, different market environment.
(The media plays the game of "pin the news to the market",
but pro traders know better.)
IMHO: This market is getting ready to roll over. Wall Street may have seen its highs,
but it is not dead yet. So the Oil news hurts, but does not kill the market.
Oil, debt, terrorism, etc. may slaughter the market in Sept., a season while markets are very vulnerable to drops.
Bubb,you have a point.
sentiment does amplify whichever market is in decline(or advance,whichever way you look at it)
9/11-stock market already declining,result=BIG declines for next 2 weeks then dead-cat bounce.
7/7-stock market advancing,result=initial fail then rebound,but bonds fall in next week(pretty much the opposite of 9/11),then further stock advances.
...so what's next???....could be as bubb suggests a flight to a stable(gold) currency in the wake of major geo event or more terrorism.....I think he's right,have been adding a bit of gold to the portfolio since march(the physical stuff),and just as a hedge on sterling it was doing quite nicely,but the breakout yesterday was pretty spectacular!.....I'm afraid this is based on only 2 principles!
1)I believe in the prophecies of nostradamus!
2)indians and chinese both have a great affinity for gold,so as they get richer they will buy more of it!
sentiment does amplify whichever market is in decline(or advance,whichever way you look at it)
9/11-stock market already declining,result=BIG declines for next 2 weeks then dead-cat bounce.
7/7-stock market advancing,result=initial fail then rebound,but bonds fall in next week(pretty much the opposite of 9/11),then further stock advances.
...so what's next???....could be as bubb suggests a flight to a stable(gold) currency in the wake of major geo event or more terrorism.....I think he's right,have been adding a bit of gold to the portfolio since march(the physical stuff),and just as a hedge on sterling it was doing quite nicely,but the breakout yesterday was pretty spectacular!.....I'm afraid this is based on only 2 principles!
1)I believe in the prophecies of nostradamus!
2)indians and chinese both have a great affinity for gold,so as they get richer they will buy more of it!
Thank you for the replies guys.
Dropped to 115 under, but seems to be steadying now.
(Damn!)
Dropped to 115 under, but seems to be steadying now.
(Damn!)
The Dow Jones is heading south at the time of writing (!6 August 16.05 GMT)
Any reason??
I am piling in short but the Dow is looking very sick and might test the 10,500 mark soon.
BEARS RULE FOR NOW
Any reason??
I am piling in short but the Dow is looking very sick and might test the 10,500 mark soon.
BEARS RULE FOR NOW
In my humble opinion we WILL see another hike in USA interest rates very very soon.
Inflation is bad on the other side of the pond as well as the UK and we WILL follow the USA in an interest rate hike perhaps in November 2005.
Stand by for a bloody awful Xmas you fools who buy property at inflated prices only to end up in negative equity.
The Dow Jones will test the 10,500 support level soon and then head down alll the way to 10,000.
High interest rates,profit warnings,unemployment up,sounds a bit like here
To be one step ahead of the herd keep reading this site and better still register and comment.
Thanks
Inflation is bad on the other side of the pond as well as the UK and we WILL follow the USA in an interest rate hike perhaps in November 2005.
Stand by for a bloody awful Xmas you fools who buy property at inflated prices only to end up in negative equity.
The Dow Jones will test the 10,500 support level soon and then head down alll the way to 10,000.
High interest rates,profit warnings,unemployment up,sounds a bit like here
To be one step ahead of the herd keep reading this site and better still register and comment.
Thanks
Has anyone noticed the struggle of quite epic proportions between the bulls & the bears over the past couple of days on Wall Street.
I am a "born again bear" and agree that the 10,500 level of the Dow will be tested mighty soon and when breached sellers will pile in.
You have been warned.
I am a "born again bear" and agree that the 10,500 level of the Dow will be tested mighty soon and when breached sellers will pile in.
You have been warned.
The Dow Jones seems unable to hold on to early gains and is now entering negative ground.
Something sinister is cooking in the USA and it will hit the UK soon.
Watch this space and I am watching Wall Street with interest and the bull/bear struggle is awesome.
Something sinister is cooking in the USA and it will hit the UK soon.
Watch this space and I am watching Wall Street with interest and the bull/bear struggle is awesome.
Looks like the oil bull has not yet run out of steam, if Brent oil can break through $70 alarm bells will really start to ring.
QUOTE(DrBubb @ Aug 12 2005, 05:40 PM)
L.,
I look at markets differently...
Psychology and sentiment moves markets, not news.
I look at markets differently...
Psychology and sentiment moves markets, not news.
Woo hoo!
Im back on Bubbs team!
I have been saying this on the housing forums but I just get ignored.
At the time of writing the Dow Jones is weaker than my bladder.
The 10,500 support level is about to be tested.
Yours truly is "going short" on many of the index stocks.
WATCH OUT THE FTSE TOMORROW.
Well I have to use my proceeds from Sibneft somewhere and I have set many,many, bull traps.
More news tomorrow if I am able.
The 10,500 support level is about to be tested.
Yours truly is "going short" on many of the index stocks.
WATCH OUT THE FTSE TOMORROW.
Well I have to use my proceeds from Sibneft somewhere and I have set many,many, bull traps.
More news tomorrow if I am able.
Watching closely. Just fallen through 10,500 on an intraday level.
Expect a bounce...
Expect a bounce...
QUOTE(Roman Abramovitch @ Aug 23 2005, 04:01 PM)
More news tomorrow if I am able.
Keep it coming Roman, love your posts.
Thank you so much for your kind comments and my aim is to please.
Today will be rather quiet regarding the Dow Jones,more pressing matters concern my team's match against WBA tonight.
I can only suggest that my boys will win and the opening goal will be scored by either Crespo or Drogba.
Meanwhile the Dow Jones will continue its downward path.
More tomorrow
Today will be rather quiet regarding the Dow Jones,more pressing matters concern my team's match against WBA tonight.
I can only suggest that my boys will win and the opening goal will be scored by either Crespo or Drogba.
Meanwhile the Dow Jones will continue its downward path.
More tomorrow
QUOTE(Roman Abramovitch @ Aug 24 2005, 12:26 PM)
Thank you so much for your kind comments and my aim is to please.
Today will be rather quiet regarding the Dow Jones,more pressing matters concern my team's match against WBA tonight.
I can only suggest that my boys will win and the opening goal will be scored by either Crespo or Drogba.
Meanwhile the Dow Jones will continue its downward path.
More tomorrow
Today will be rather quiet regarding the Dow Jones,more pressing matters concern my team's match against WBA tonight.
I can only suggest that my boys will win and the opening goal will be scored by either Crespo or Drogba.
Meanwhile the Dow Jones will continue its downward path.
More tomorrow
They didn't like the fall in durable goods and oil doesn't look like it is going down anytime soon. DOW down 35 points in first few minutes of trading, could be a big down day today.
EDIT: Eventually down 75 after being up earlier on higher house sale volumes. Gold had a tough old day hiting $435 at one point before bouncing of the top of the pennant formation, if this breakout holds we can expect $500 before Chistmas IMO
EDIT: CREDIT RISK CONCERNS - If those derivative boys screw things up then things could really hit the fan
QUOTE
Wall Street - U.S. stocks slide on energy, credit risk concerns - UPDATE 12
NEW YORK (AFX) -- U.S. stocks traded lower in the final stretch Wednesday
after oil prices tapped a new high and the New York Federal Reserve called a
meeting to discuss trading practices in the derivatives market, prompting
concern about a potential credit risk problem.
The Dow Jones Industrial Average was sitting close to its low for the
session, down 76 points at 10,443.
NEW YORK (AFX) -- U.S. stocks traded lower in the final stretch Wednesday
after oil prices tapped a new high and the New York Federal Reserve called a
meeting to discuss trading practices in the derivatives market, prompting
concern about a potential credit risk problem.
The Dow Jones Industrial Average was sitting close to its low for the
session, down 76 points at 10,443.
Bounce,what bounce on Wall Street?
I'm staking my reputation on a closing figure tomorrow(Friday 2 Sept) of 10,400 or lower.
Higher interest rates on the way in USA and higher taxes here in UK
What a nightmare scenario,only good for house price crash.
I have said repeatedly"hold on tight,the economy in the UK is like an elevator with a lunatic at the controls."
Watch this space.
I'm staking my reputation on a closing figure tomorrow(Friday 2 Sept) of 10,400 or lower.
Higher interest rates on the way in USA and higher taxes here in UK
What a nightmare scenario,only good for house price crash.
I have said repeatedly"hold on tight,the economy in the UK is like an elevator with a lunatic at the controls."
Watch this space.
"The Dow Jones will test the 10,500 support level soon and then head down alll the way to 10,000"
Possibly. Very possibly
Possibly. Very possibly
QUOTE(Roman Abramovitch @ Sep 1 2005, 09:32 PM)
Bounce,what bounce on Wall Street?
I'm staking my reputation on a closing figure tomorrow(Friday 2 Sept) of 10,400 or lower.
Higher interest rates on the way in USA and higher taxes here in UK
What a nightmare scenario,only good for house price crash.
I have said repeatedly"hold on tight,the economy in the UK is like an elevator with a lunatic at the controls."
Watch this space.
I'm staking my reputation on a closing figure tomorrow(Friday 2 Sept) of 10,400 or lower.
Higher interest rates on the way in USA and higher taxes here in UK
What a nightmare scenario,only good for house price crash.
I have said repeatedly"hold on tight,the economy in the UK is like an elevator with a lunatic at the controls."
Watch this space.
Hate to say it but your reputation is looking to be lost as things stand right now
Perhaps things will change before the dow closes this evening but from what I've observed of the market these last few days I'm not as confident as you that we will be testing the 10400 level.
Though I accept I may be eating my hat a little later on
Dow Jones
10485.5
+25.88
You obviously don´t value your reputation. Your desire for a market fall defied reality - for all of ten minutes. You should know better
10485.5
+25.88
You obviously don´t value your reputation. Your desire for a market fall defied reality - for all of ten minutes. You should know better
At least I'm man enough to say I got it wrong today.
I'm talking through my pocket,but I'll hold on until next week and recoup all the losses
I'm talking through my pocket,but I'll hold on until next week and recoup all the losses
Oh I get it wrong plenty as well 
For what its worth, I too think we will be going below 10400 soon, just not today, next week seems a likely bet.
The movement in prices these last few days has been strange, well strange in my eyes anyway. Can any of you more learned market watchers offer some suggestions on the cause of the rapid up and down swings? Low trading volumes perhaps?
For what its worth, I too think we will be going below 10400 soon, just not today, next week seems a likely bet.
The movement in prices these last few days has been strange, well strange in my eyes anyway. Can any of you more learned market watchers offer some suggestions on the cause of the rapid up and down swings? Low trading volumes perhaps?
A bounce was needed, and we saw it.
The lower close today is Bearish, since the market normally rises before
the long weekends
---
The market will have to face up to this:
Consequences from Katrina broaden
Commentary: Broken transport links will crimp economy
By Peter Morici
COLLEGE PARK, Md. (MarketWatch) -- The national economic consequences of Hurricane Katrina will be much broader and deeper than initially estimated.
Even adjusting for the larger property destruction of Katrina, this storm will impose much larger losses than previous hurricanes and floods, because of the lack of federal and state preparation for storms and flooding in southern Louisiana.
The storm will likely reduce economic growth by at least 0.5% in the third quarter and 1% in the fourth quarter, and perhaps much more.
In contrast to previous hurricanes and disasters, much of this loss will not be recouped is subsequent quarters. Rebuilding will be much delayed, and the impact on neighboring regions will be larger and longer lasting.
Much attention has been focused on the energy sector. However, repairing refineries, oil rigs and pipelines are not the daunting task.
The storm will likely reduce economic growth by at least 0.5% in the third quarter and 1% in the fourth quarter, and perhaps much more.
The lower close today is Bearish, since the market normally rises before
the long weekends
---
The market will have to face up to this:
Consequences from Katrina broaden
Commentary: Broken transport links will crimp economy
By Peter Morici
COLLEGE PARK, Md. (MarketWatch) -- The national economic consequences of Hurricane Katrina will be much broader and deeper than initially estimated.
Even adjusting for the larger property destruction of Katrina, this storm will impose much larger losses than previous hurricanes and floods, because of the lack of federal and state preparation for storms and flooding in southern Louisiana.
The storm will likely reduce economic growth by at least 0.5% in the third quarter and 1% in the fourth quarter, and perhaps much more.
In contrast to previous hurricanes and disasters, much of this loss will not be recouped is subsequent quarters. Rebuilding will be much delayed, and the impact on neighboring regions will be larger and longer lasting.
Much attention has been focused on the energy sector. However, repairing refineries, oil rigs and pipelines are not the daunting task.
The storm will likely reduce economic growth by at least 0.5% in the third quarter and 1% in the fourth quarter, and perhaps much more.
QUOTE(DrBubb @ Sep 3 2005, 12:33 AM)
The storm will likely reduce economic growth by at least 0.5% in the third quarter and 1% in the fourth quarter, and perhaps much more.
And how will the US pay for the rebuilding? It'll print even more money boosting the price of world assets (maybe even including the Dow).
Here's an interesting read for anyone wondering why the Dow has been going up rather than down in response to Katrina
The Visible Hand of Uncle Sam
The Visible Hand of Uncle Sam
QUOTE
Most people probably assume that the U.S. stock market is free of government interference. It is acknowledged that the bond and currency markets are influenced by policy-makers, but equities are considered different territory altogether. Current mythology holds that share prices rise and fall on the basis of market forces alone.
Such sentiments appear to be seriously mistaken. A thorough examination of published information strongly suggests that since the October 1987 crash, the U.S. government has periodically intervened to prevent another destabilizing stock market fall. And as official rhetoric continues to toe the free market line, manipulation has become increasingly apparent. Some of these interventions have apparently occurred with the active participation of selected investment banks and brokerage houses. In this regard, evidence from credible sources, including a former top adviser to President Clinton, appears to confirm the existence of a so-called “Plunge Protection Team” (PPT). This group is not simply the figment of creative imaginations, and we are not alone in this conclusion. Indeed, Todd Stein and Steven McIntyre of the Texas Hedge Report stated in 2004 that, “Almost every floor trader on the NYSE, NYMEX, CBOT and CME will admit to having seen the PPT in action in one form or another over the years.” Much of the information is evidence of intent to intervene, rather than proof of manipulative activities themselves. This amounts to a distinction without a significant difference. That the government has given such serious consideration to supporting the stock market demonstrates its willingness to cross an important line, violating the traditional American belief in unfettered markets. It underscores the notion that the health and stability of the market represents an integral part of national security, thereby justifying government action when financial peril looms.
Such sentiments appear to be seriously mistaken. A thorough examination of published information strongly suggests that since the October 1987 crash, the U.S. government has periodically intervened to prevent another destabilizing stock market fall. And as official rhetoric continues to toe the free market line, manipulation has become increasingly apparent. Some of these interventions have apparently occurred with the active participation of selected investment banks and brokerage houses. In this regard, evidence from credible sources, including a former top adviser to President Clinton, appears to confirm the existence of a so-called “Plunge Protection Team” (PPT). This group is not simply the figment of creative imaginations, and we are not alone in this conclusion. Indeed, Todd Stein and Steven McIntyre of the Texas Hedge Report stated in 2004 that, “Almost every floor trader on the NYSE, NYMEX, CBOT and CME will admit to having seen the PPT in action in one form or another over the years.” Much of the information is evidence of intent to intervene, rather than proof of manipulative activities themselves. This amounts to a distinction without a significant difference. That the government has given such serious consideration to supporting the stock market demonstrates its willingness to cross an important line, violating the traditional American belief in unfettered markets. It underscores the notion that the health and stability of the market represents an integral part of national security, thereby justifying government action when financial peril looms.
I'M BACK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Now I'm recouping my losses by "shorting" the Dow Jones
It's dropping like a stone today after yesterdays fall and there ain't no stopping me now.
Join in fellow readers and get some Xmas spending cash in early.
BEARS RULE O K !
Now I'm recouping my losses by "shorting" the Dow Jones
It's dropping like a stone today after yesterdays fall and there ain't no stopping me now.
Join in fellow readers and get some Xmas spending cash in early.
BEARS RULE O K !
Ho Ho Ho
The Dow Jones has jusy breached 10,370 ( a support level)
All the way down to 10.300 very very soon.
This has profound effects for the FTSE and house prices!!!!!!!
Watch this space, you know it makes sense.
The Dow Jones has jusy breached 10,370 ( a support level)
All the way down to 10.300 very very soon.
This has profound effects for the FTSE and house prices!!!!!!!
Watch this space, you know it makes sense.
10568.7 - the Dow is rising according to the BBC. Or am I missing something here????
Today will be very interesting for the Dow Jones Index!!!!
Bull traps have been set by my self and friends
Ho Ho Ho
Bull traps have been set by my self and friends
Ho Ho Ho
Good call Roman.
The question is will the Dow drop below 10,370 before close of business today?This is what the bulls consider to be the support level.
Once breached who knows!
I am piling in short ,thanx for the bull traps Roman.
The question is will the Dow drop below 10,370 before close of business today?This is what the bulls consider to be the support level.
Once breached who knows!
I am piling in short ,thanx for the bull traps Roman.
10,370
why that figure out of interest? And not say 10,300?
why that figure out of interest? And not say 10,300?
It appears that 10,370 is a resistance level and hard to break through it.
Maybe it will be breached this week and watch the FTSE crumble as well
Maybe it will be breached this week and watch the FTSE crumble as well
DOW
10368.4
-72.68
You did it!
So where next? 10300? Is that important psychologically?
10368.4
-72.68
You did it!
So where next? 10300? Is that important psychologically?
Good point "where next?"
All the way below 10,000 I reckon.
Todays loss very very significant
1/Above average volume of stocks traded
2/Worries about inflation
3/Concerns that the Fed will raise interest rates
The drop on the Dow WILL affect the FTSE,leaving the question in the UK
Which way for interest rates?
House price crash is the only certainty
All the way below 10,000 I reckon.
Todays loss very very significant
1/Above average volume of stocks traded
2/Worries about inflation
3/Concerns that the Fed will raise interest rates
The drop on the Dow WILL affect the FTSE,leaving the question in the UK
Which way for interest rates?
House price crash is the only certainty
IT WONT GO STRAIGHT DOWN...
From my Challenge thread on S-Pig:
BOttoming OUT?
Pulled the trigger on a large number of Calls on: QQQ, DIA, SPY Calls,
with the market at/near QQQ-37.50, DIA-10290, SPY-102.
Bought:
SPY JN at $0.90
DIAJY at $0.50
QQQJK at $0.75
and also just a few (5cts):
GOOG Oct-$300c at $7.80
I am bettting on the usual WWwed Low, and a rally into next week's option expiry
= =
I note that CSCO is well off its lows, and is near the HOD
From my Challenge thread on S-Pig:
BOttoming OUT?
Pulled the trigger on a large number of Calls on: QQQ, DIA, SPY Calls,
with the market at/near QQQ-37.50, DIA-10290, SPY-102.
Bought:
SPY JN at $0.90
DIAJY at $0.50
QQQJK at $0.75
and also just a few (5cts):
GOOG Oct-$300c at $7.80
I am bettting on the usual WWwed Low, and a rally into next week's option expiry
= =
I note that CSCO is well off its lows, and is near the HOD
Why oh why another 100 point decline on Wall Street today?
Any clues Dr Bubb please?
This augurs badly for the FTSE tomorrow.
Next thing to crash must be house prices worldwide
Any clues Dr Bubb please?
This augurs badly for the FTSE tomorrow.
Next thing to crash must be house prices worldwide
QUOTE(Roman Abramovitch @ Oct 27 2005, 10:50 PM) [snapback]222466[/snapback]
Why oh why another 100 point decline on Wall Street today?
Any clues Dr Bubb please?
This augurs badly for the FTSE tomorrow.
Next thing to crash must be house prices worldwide
I think it was mainly due to GM being investigated by the SEC regarding some creative accounting. Boy, does it sound like GM are in trouble or what?
I think the FTSE may have priced it in through the day yesterday. We'll see later!
Looks like it could be stuck in a downward channel. Down to 10,100 in the short term?
This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.