wait till tomorrow. This was nothing compared to tomorrow when we drop under 10,000. Consumer sentiment will be horrible along with bad outlook from every company reporting earnings. It feels like the manipulators have finally lifted their fingers off the controls and are allowing the market to go where it needs to go, albeit slowly. But tomorrow should be very ugly. Asia and Europe futures are red and I think we will be blood red at the open tomorrow.
indian8788.....Right on! You are doing the right thing to make big money. I know, because I'm doing the same thing. Two months from now we'll be sitting on a 4X investment. Don't let 'em tell you any difference.
indian8788: The Plunger Team will take that as a personal challenge. The Plunger Team has expanded with several new honorary members. Hymie Blankfein and little Jamie Dimon have been on board for awhile, but the recent additions of Buffet and Soros as honrary members, has made The Plunger Team much stronger! and they are ready to manipulate.
I agree, except for one point. I think the manipulators are still trying their best to Rally the Markets. It's just not working that well anymore. The best they can do now is slow down the Selloffs to avoid an all out Crash.
However, I think they are just delaying the inevitible. A Crash will have to happen. It's not because money is piled up on the sidelines waiting, but afraid to get in. The money is already gone. In fact, the money was never there to begin with.
The Real Estate Bubble burst because of leverage (credit). The money was never there, so it can't come back!