Bulls Fall from Their Perch: Victims of Oil, Financials and Overconfidence

We shall see how the market performs next week. Im in the camp that the DJI,SPX will continue to trend lower for another week or so until the low end of the tradeing range is reached.We realize we are not in a Bull market.That the rally up from the march depressed lows was a Bear market rally that stalled out and ended on wednesday. Odds favor that the DJI,SPX trends down here in May to low end of tradeing range for a variety of reasons.So the old saying sell in may and go away just might play out this year in this bear mode market we are in now. SDS,DXD.

play the pound vs yen. Any way, fear, greed, history repeats itself.

"WALL STREET LYNCHING".....dang! a great book title....oops! it is!

I say don't buy anything until September

Meisler's prediction of a bank rally in late April ending with the FOMC meeting worked for me. Now I'd like to know from a technician if there is any particular meaning to the specific declines we saw this week in the Dow and S&P. Monday, Tuesday, and Friday the sharp drops were at the open and while the markets fought back on Tues, Wednesday was a down day with another sharp drop around around 2:30. I'm not a technician but if we saw the opposite activity (steep moves up near the close) I think some might say that was short covering. Are these moves just 'profit taking' or is there a more subtle explanation?

I am watching the Housing Bill and if the President really decides to Veto it. If housing dones not at least stabalize or the market can see a working plan to stabalize it we are going to see an 11500 DOW in less than 60 days. Time for "Wall Street" to start looking at Main Street because pretting soon even the necessary business are going to be hit. If Joe Six Pack is not spending it is just a matter of time before the corportate raiders have nothing to raid. I m just waiting to her that the credit card companies cut back the limits on their clients cards just like the banks did with equity lines. When you can't afford gas and food the problem is deeper than "Wall Street" is factoring in. HOUSING HAS TO BE FIXED before there is any real move to the market. Look at us we are reading this on the weekend instead of spending time with friends and family playing.

I am watching the Housing Bill and if the President really decides to Veto it. If housing dones not at least stabalize or the market can see a working plan to stabalize it we are going to see an 11500 DOW in less than 60 days. Time for "Wall Street" to start looking at Main Street because pretting soon even the necessary business are going to be hit. If Joe Six Pack is not spending it is just a matter of time before the corportate raiders have nothing to raid. I m just waiting to her that the credit card companies cut back the limits on their clients cards just like the banks did with equity lines. When you can't afford gas and food the problem is deeper than "Wall Street" is factoring in. HOUSING HAS TO BE FIXED before there is any real move to the market. Look at us we are reading this on the weekend instead of spending time with friends and family playing.

Yes Karl, there is an explanation and I gave it to you earlier this week. Aaron calls it a "conspiracy theory". Think about federal reserve intervention and you will find the answer. I'm not fighting the fed, I'm just trying to get the most out of what the current stock and bond markets' investment opportunities have to offer.

Karl C: The more "subtle" explanation is what I tried to explain above - relationships between stocks and bonds, and stocks and dollar/yen. As far as the TA crowd, my sense is most are in the "this is just a breather" camp, i.e. optimism remains intact. As of Friday morning, Meisler was in the "correction" camp in part b/c of the "complacency" she sees elsewhere. I'm inclined to give her the benefit of the doubt. As for the Y! Finance User's comment about my calling "it" a conspiracy theory, I'm not sure I follow b/c I basically agree w/what he's saying about the Fed. Pls elaborate. - Aaron Task

I made 1500.00 on one trade Friday. The Bulls are alive and well!

Hello look at the sector markets. Oil is at a all time high were as the consomer is looking at a smaller spendable income. Adjust you investing style. Real property in areas are falling in areas. The midwest energy producing area is in a housing shortage for workers. Open your perspective

its all a gamble more than an investment SEX LIES and MANIPULATION

Four months ago I told my broker to expect a 11,500 market. I have corrected and see 11,800. I'm sixty one years old and have been looking for a job for over a year. I'm just going to take the two modest pensions I have, take my social security and say to hell with it. I bet I'm not the only one on this plane of thought! Hey young folks that do not want to hire senior workers - mull that situation over.

HEIIO

Oil will determine the future of America, unless people buy cars that give at least thirty two miles a gallon, then we are all in for a long struggle to survive....

gov. shoud bring the oil down,and we will be happy!

OIL OIL OIL All those stupid drivers out there that think they are on a race track doing 80 miles an hour going no place, SLOW DOWN. From 75 to 55 , you have to drive 400 miles to gain 55 minutes time. The Gov. is not going to lower the speed limit , the politicians want you to burn more fuel, they collect more taxes that way. Like the Indians say, they speak with a forked tongue. God bless America, we sure need it.