Here is the one day chart of the DJIA. With no agreement in sight on the budget/debt issue, this could be the start of an epic slide.
-
Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.
Your voice is missing! You will need to register to get access to all the features that our community has to offer.
We hope to see you as a part of our community soon and God Bless!
Is This the Start of the Market Dive?
- Thread starter InTheLight
- Start date
Lot's of 401K accounts are taking big hits.
If the DOW breaks the major bull resistance line at about 14,700, then we are in for a very bad stretch. I do not see that happening unless the House Republicans decide to throw the country into a depression. I surely hope they are not that foolish.
If the DOW breaks the major bull resistance line at about 14,700, then we are in for a very bad stretch. I do not see that happening unless the House Republicans decide to throw the country into a depression. I surely hope they are not that foolish.
Last edited by a moderator:
thisnumbersdisconnected
New Member
No. It rose far Thursday and Friday quite a bit higher than it fell. And it is still 220% higher than it was in the midst of the Great Pretender's first year in office.
I don't know what you mean by this. I can tell you that the DJIA is lower than it was on Oct 1st.
thisnumbersdisconnected
New Member
And three days later, it was 120 points lower than it is today. So what?
InTheLight, nice post of an interesting graph. My 2 cents--the market is not going anywhere because these little gov't shutdowns are really routine while the politicians haggle behind the scenes. What is propping the market up is inflation caused by the printing of so much money. Wall Street types are tickled pink at all the activity because of the broker's fees, etc. Right now the Fed is printing about 80 billion of month. The inflation is noticeable in food, gasoline, and the Dow Jones. Look for no changes for the time being. The Democrats are at sea on economic policy.
cmg
cmg