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Market: Optimism is gone on vacation
  • Vitaliy_KiselevVitaliy_Kiselev
    Dow Jones 11,383.68 -512.76 (-4.31%)
    S&P 500 1,200.07 -60.27 (-4.78%)
    Nasdaq 2,556.39 -136.68 (-5.08%)

    Today was the 9th biggest single-day drop in DOW Jones history, according to CNN.

    Tomorrow can be fun also. Especially Europe.
  • 10 Replies sorted by
  • ButtButt
    The valuations are still too high
    it must go further down - back to real work
  • Vitaliy_KiselevVitaliy_Kiselev
    Here we go again:

    image
    chart1.png
    629 x 328 - 42K
  • stoneystoney
    Yes I meant Fibonnaci. I didn't say 50%. @Bueller said.
  • Vitaliy_KiselevVitaliy_Kiselev
    >Finnacci retracement.

    :-)
    You mean Fibonacci.
    If it is so, you must provide a chart with all lines required.
    Plus normally it could get you support or resistance, not target price.
  • BuellerBueller
    @ Vitaliy Ok, I used tarot cards. LOL
  • LPowellLPowell
    In the good old days of Reaganomics, IMF/World Bank policies imposed a type of economic anorexia on developing nations in the third world. With Bush's economic purge of 2008 and now Obama's in 2011, we've settled into the bulimia phase. What lies ahead will probably resemble some form of liposuction.
  • stoneystoney
    Finnacci retracement.
  • Vitaliy_KiselevVitaliy_Kiselev
    @Bueller
    >Ok I'll guess... My guess is that the DJ goes up roughly 2.5% tomorrow. lol

    This is not gambling. :-)
    So provide fact and reasons why up and why 2.5%.
  • BuellerBueller
    Ok I'll guess... My guess is that the DJ goes up roughly 2.5% tomorrow. lol
  • EOSHDEOSHD
    Maybe investors read Personal-View.com and your predictions :)
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