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Post by beachbumbob on Jul 29, 2007 15:03:04 GMT -6
looks like Monday, July 30, 2008 may be the key date of the unraveling? With last week's unwinding in financial markets, could Monday be the date?? We have dividends being pulled back (American Home Mortgage Delays Dividend)
we have credit drying up at the commercial level...we have hedge funds drying up...investors being prevented from selling their shares...
will this be THE WEEK??? lets see
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Post by jeffolie on Jul 29, 2007 17:49:37 GMT -6
The Purge Protection Team has been on the line to the Fed all weekend. The printing presses have been running flat out for 72 hours now. Pallets of crisp, new, 100 dollar bills are being trucked all over the country, to prop up investment banks and private firms nation wide. Monday at 8:01 AM any major investment firm that needs a few hundred million dollars before 10:30 will get it.
My wild ass guess is that the market will be down at least 500 points by 10:30 PST. Curbs will go in, the market will bounce, maybe to down less than 200 points , and finally mutual fund redemptions in the last 30 minutes will drive the market down again.
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Post by unlawflcombatnt on Jul 29, 2007 22:51:39 GMT -6
Monday will certainly be interesting.
I thought Friday was going to revert to the usual pattern of some recovery from the previous day's losses, but it did not.
I'd expect someone from the government, either Bernanke or Paulson, to put out some kind of confabulation on Monday, to "soothe" the markets.
However, they're becoming like the little boy who cried wolf too many times. Eventually, no one will believe their propaganda disseminations. And that 'eventually' may have already arrived.
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Post by beachbumbob on Jul 30, 2007 5:43:23 GMT -6
the debacle at bear-sterns will be in the back of investors minds where there people couldn't sell out of the fall...early exits will force market direction methinks as defensive measures. Watch gold and silver prices dropping per selloffs to cover margins
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Post by unlawflcombatnt on Jul 30, 2007 14:36:44 GMT -6
It appears the stock market reverted to a pattern I've seen recently -- declining a large amount, then regaining about half the loss the following day.
Today's gain was about half the size of the loss on both the Dow Jones and the S and P. It would take over a week of similar gains to return to the level of last Wednesday (7/25/07). It seems very unlikely that will happen.
Tomorrow's Personal Income report will be interesting, especially considering that real Disposable Personal Income showed a decline following the latest revision manipulation of 1st and 2nd quarter GDP.
There'll probably be a large downward "revision" of Personal Income for the previous month (or months) to make June's report look better. That seems to be the pattern of the BEA (Bureau of Economic Augmentation).
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Post by beachbumbob on Aug 1, 2007 4:57:52 GMT -6
Aug 1, 2007...I was off a couple days
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