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SPDR S&P 500 ETF Message Board

  • ibdman15 ibdman15 Oct 8, 2013 10:35 PM Flag

    Go DOW!! 15,708 on 9-17-13

    14,776 close today on 10-8-13....almost 1,000 points. soon we will be losing 500-1000 per day and there is nothing they can do. Rewind to late Sept 2008 when Congress voted against the bailout and market tanked because everyone thought it was a no brainer and they would vote for it. Then a week later they voted for it and market tanked even harder. don't think for a second that market will advance if the debt ceiling is raised. or Yellen is appointed FED Chair. The economy and global financial system are both in a world of hurt. Simply go to 100% cash no sense in holding bonds or stocks or gold. all asset classes will crash as they did in Fall 2008! anybody gonna buy the dip? If you listen to THEM, you'd be 100% invested in equities so can't buy the dip. Tomorrow will be MARGIN CALL Wednesday, further pressuring the US and global equity markets.

    Sentiment: Strong Sell

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