I don't see support on the DOW til about 10,500.

[Joe for Clark]

Anybody see something different??

Joe

[Warpy]

1. Well, stupid is printing money like there's no tomorrow

which leads me to believe there really isn't one.

The fact that the money isn't going to the people who could make a difference is the problem.

My guess is that if it goes below 10,000, they'll pour some funny money into it. That 10,000 is more of a psychological hit than 11,000 or any other number is.

Until we see some demand side economy in this country, don't expect anything to improve. Supply side is a bust, but they're not ready to stop flogging that dead horse's carcass.

[BlueManDude]

2. Trickle Up, Demand Side economics. Sounds good

why doesn't some Dem come out for it?

[Warpy]

12. Because the inside the beltway crowd is rich enough

that they actually got tax cuts.

They don't want to rock that gravy boat.

[LanternWaste]

13. rather than printing more currency

I think rather than printing more currency, the Fed will simply lower interest rates...

[redherring]

3. Well, I've been losing money

But anyways, does technical analysis actually work?

[Joe for Clark]

4. I think I am losing my my mind -

ANYBODY see it different??

I look at it, and this chart goes into melt down at 10,500.

I would LIKE to hear someone say other than that, I really would.

Joe

[puerco-bellies]

5. I'm seeing about 10,900 to 11,200 looking at Dow Futures charts.

Either way I'm short.

[Joe for Clark]

8. I see 10.9 - no way that holds.

10.5 has some support. I don't think that holds. That breaks, it is a free fall, isn't it?

I put djia cash against my gm notes. Where do you see support if it breaks 10.5?? I don't see it. Its not there.

You stay short. This is really bad. I don't see a bounce here - at all. If there was one, we had it already.

B*sh killed the dollar - he really did. That SOB!!!!!

Joe

[Greyhound]

20. Now why, I wonder, would * want to kill the dollar?

Could it have anything to do with oil?

[The_Casual_Observer]

6. I'm waiting for it to go back up to 11,600 and then I'm out until

a Dem is pres.

[mnhtnbb]

16. Sold 5/12--ALL individual stocks and kept mutual funds;

I'm now about 1/2 cash, 1/4 mutual funds, 1/4 bond funds.

My husband is out of the market entirely and only has TIPS and bonds.

[puerco-bellies]

19. This is not a dead cat bounce. It will retrace to about 11380

At 11380 it should hit resistance. Then I would short again targeting it to return to 10900. If it breaks 10900 then it should find support at 10500, but I doubt if it will go lower till Sept/Nov then look out below!!!!
:nuke:

[skipos]

7. 10,000 sounds about right. The market historically is better under dems

as the economy is historically better under dems, so I have had low expectations since Bush sat his dumb ass down in the oval office.

"Many investors assume that Republican presidents are better for the stock market. That's not true. But before I get to the particulars, a disclaimer: This answer is not a political statement. By answering this question, I am merely conveying the cold, hard facts regarding stock price performance under both Republicans and Democrats. I endorse no political party and have no vested interest in the results."

http://www.usatoday.com/money/perfi/columnist/krantz/2005-12-02-presidents_x.htm

Economic Prosperity by President (from Forbes)
1 Bill Clinton
2 Lyndon Johnson
3 John Kennedy

http://www.americanprogressaction.org/site/pp.asp?c=klLWJcP7H&b=131769

[Jack from Charlotte]

9. Adjusted for inflation under Bush Dow would be at......

12,117 with a ZERO gain. Got that? With just the inflation rate of 2.5% during the last 5 1/2 years and no stock price gain at all we would be at 12,117.

So call me when the Dow breaks ZERO under the morons adminstration.

[Greyhound]

11. Even worse when you consider that the "un-fudged" inflation rate

has been about 8% - 9% under this moran. All any of them can do is lie, cheat and steal, they know of no other way.

[Jack from Charlotte]

15. You are probably right. Gas up 150%, milk up 75%, housing up....

probably 30 to 80% depending where you live... I used 2.5% because it was reprinted in a newspaper article as coming from Fed Reserve Bank of Minneapolis. I always use overly conservative numbers as to deflate any right wing obfuscation of the point.

[ProfessorGAC]

18. Yeah, But. . .

. . .we can't include milk or Gas or food, because it's too hard! No i'm not kidding! That's why conventionalists in economics don't include those things. Not because of double counting. Not because of later absorption. It's because it's too hard.

Weenies!
The Professor

[Joe for Clark]

10. NO POLITICS ON THIS.

This is a seriously bad chart. I think he REALLY may have killed the dollar here.

Where does this really hold???

I'm asking - I don't see it.

Joe

[Scoody Boo]

14. I shorted everything...

If it hits 10,400 or less I'll make a killing bigger than the one I am making now. :)

[lpbk2713]

17. It's amazing how all the RWers can say the economy is doing great

And with a straight face. Now I can understand why Limbaugh's Dog n Pony Show is on the radio and not on TV. So the viewers can't see him cracking up at the blatant horse shit he spews.