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Direxion Daily Financial Bear 3X ETF Message Board

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  • jt_aliaschange jt_aliaschange Jul 4, 2009 1:50 AM Flag

    Why is the stock market falling?

    Why does your friend have to go and earn a paycheck? Why can't he just suck up a limitless supply of unemployment checks? The Jack in the Box won't come close to his unemployment. Is he work hungry or something? And why would anyone waste their time trying to buy a house that is on sale? Everyone knows that investment companies are getting them because they pay for them entirely in cash. Plus, they will drop in value some more. As far as the market dropping, I don't understand why it dropped for one day either. They said the recession was over.

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    • He's been unemployed for 3 months so his unemployment checks are running out.
      My data points show the recession is over, than the market should be going UP, right?

      • 1 Reply to jswest24
      • What are your data points? Cramer? CNBC? Unemployment is still rising, nothing is stabilizing, all we've gotten through is the bankruptcy of Lehman and what that caused. The problems of 2007 are still here today. Remember all those bad assets that banks owned that caused a panic? They still own them all. Credit card defaults are rising, home defaults are rising. Unemployment is rising. Where do those fit into your data points? The decession is going strong, don't be a fool and listen to all the analysts. Too late I guess.

30.57-0.66(-2.11%)Aug 30 4:00 PMEDT