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Dow

1252628303134

Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Looks like Dow is going to join the party, futures up 4%.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    S&P index now above the level (1165) when that weird collapse happened last week, a bullish sign if it can close above.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • sabretoothtigger
    sabretoothtigger Posts: 10,036 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    edited 11 May 2010 at 9:20PM
    Dow turned back at 10862 which is roughly last thursdays pre jitters price. Ive drawn it in as resistance


    For snp I have it retracting from a negative trend dating back to April 14th which would have it still negative for the moment. Topside 1169 tomorrow

    1151 is an important level for it to stay above, one of these two will have to give way for a conclusion!


    purch wrote: »
    ....and the Yankees won the WS in 1928 and then didn't in 1929.

    They won it last year, and judging by their roster they won't repeat :eek:


    holy smokes faint9189981.gif
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Contradictions everywhere!

    U.S. Economy: Consumers Gain Confidence as Employment Improves


    http://www.bloomberg.com/apps/news?pid=20601087&sid=aGgUFVf0Y5g8&pos=2


    U.S. Stocks Drop on Lending Rates as S&P 500 Hits Six-Month Low



    http://www.bloomberg.com/apps/news?pid=20601087&sid=aVIMdRqYKX.k&pos=1
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • purch
    purch Posts: 9,865 Forumite
    Contradictions everywhere!

    Under current market conditions all 'reality' is suspended ( a bit like this forum :eek:)

    You can make short term trading decisions, but making any long term strategic decisions would be foolhardy, until it all settles.
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    purch wrote: »
    Under current market conditions all 'reality' is suspended ( a bit like this forum :eek:)

    You can make short term trading decisions, but making any long term strategic decisions would be foolhardy, until it all settles.

    And how long before it settles?

    Deflation is still a possibility.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    US markets and commodities have recovered a bit.

    http://www.bloomberg.com/apps/news?pid=20601087&sid=a6P.bdWjQa0Q&pos=1
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • purch
    purch Posts: 9,865 Forumite
    And how long before it settles?

    Mom Tic....

    Just checking the piece of string in my pocket ;)
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    S&P finishes in the black, recovering 3% losses on the day.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    And how long before it settles?

    Deflation is still a possibility.

    Mr Posen certainly thinks so.

    http://www.moneymarketing.co.uk/regulation/news/uk-may-face-deeper-decade-of-deflation-than-japan/1012319.article
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
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