Market Tumbles Again: It's Not Too Late to Sell, Technician Roque Says

Let it ride!

Stairways go ... http://blog.stockmarketharmony.com/2008/10/10/catching-the-falling-knife.aspx

Where are the voices on this site that were saying buy, buy, buy a few days ago. I told you so. I repeat, I told you so. The trends your friend, so dont buy etc etc. Didn't I say that? You say non existent money? The $700 billion is all borrowed from overseas, and they will want their money repaid with interest. There's no free lunch, remember?

I just figure I'll make more money in the long-run if the S&P goes to 1 and I get in than I otherwise would have in the pre-meltdown market.

this is something that had to happen it was inevitable. what goes up has to come down. but what goes down has to come up in its own time.

I hope Obama wins so we can go back to the glory financial days we had under Jimmy Carter. Just think soon we'll have 16% mortgages and 21% car loans.

this is something that had to happen it was inevitable. what goes up has to come down. but what goes down has to come up in its own time.

unix - I'll pay for the 700B if you pay for the $1.5Trillion in yearly entitlement programs....

Keep blaming Bush... that should solve everything. And who is the numb-nuts that let this guy write an article like this. Selling and not investing is the absolute WORST thing you can do for the economy right now. By liquidating everything we are only ensuring a deep depression. Way to be responsible with your writings guy.

I think John's analysis is good - even though he admits to being confused by the continued overselling. But his most attractive advice comes at the end, when he says nobody has to buy until the market has shown signs of finding a firm bottom. (No pun intended.) Until then, why not stay on the sidelines? As an individual, managing my 401k, I'll wait til the big purchasers make their move first, then follow back into stocks. My feeling is they're still waiting for money to start moving around a little more, and for a few weakened companies to bite the dust first. That could take months.

Mr. Bernanke 18 months ago when informed of the potential impact of the sub-prime loans on the U.S. economy by one of his governors at a meeting, responded that he felt the impact was too small to worry about...the rest is history. I am concerned that no one is talking about the massive amount of consumer debt or considering the impact that this have once it kicks in. I also do not believe that the executives of these companies, like Lehman, Freddie Mac, etc., should be walking out the door with large bonuses...how about a pink slip with no compensation including no unemployment! Do we need four more years of Republican rule?

Mr. Bernanke 18 months ago when informed of the potential impact of the sub-prime loans on the U.S. economy by one of his governors at a meeting, responded that he felt the impact was too small to worry about...the rest is history. I am concerned that no one is talking about the massive amount of consumer debt or considering the impact that this have once it kicks in. I also do not believe that the executives of these companies, like Lehman, Freddie Mac, etc., should be walking out the door with large bonuses...how about a pink slip with no compensation including no unemployment! Do we need four more years of Republican rule?

The Prez with all his croonies was not able to stop this roller coaster ride that seems to not want to come to a stop.When will the bleeding stop??????

Forget Selling or Buying.......Relas and learn to relas and you are more than a winner......Relax.....

Where is our leadership in this country providing confidence? Our economy has become a captainless ship of fools. Sell off suckers, I can't wait to pick up your stock.

OUCH OUCH PLEASEEEEEEEEEEEEEEE STOP!!!!!!!!!!!!!!!!!!!!!!!

I want to ask you this question, stock technician. How much wealth did you accumulate in the stock market through your technical analysis of stocks since you started it? Probably, only losses. Probably, you gave up investing in stocks since you realized that technical analysis never works. Please get away, Chart Master!

Roque is only adding fuel to the flame. Why not just give your money away. Fine, I'm buying bargains like GM, Kroger and any gasoline company I can find now dirt cheap. When the economy is down, what are they things everyone still needs. Food, shelter, and gas.

well its like this/sell like the rest of them and every american take ur cash out of the banks now in five years u will loose ur deposit federal insured?what does that really mean/take ur money and hide it in the freezer .

It's just a case of mind over matter. They don't mind & we don't matter.