Dow close to yearly lows... - DFWstangs Forums
 
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post #1 of 5 (permalink) Old 06-20-2008, 07:17 PM Thread Starter
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Dow close to yearly lows...

Israel practicing long range maneuvers with increasing talk that Israel is ready to blow up Iran.

If that happens, oil goes to over 175 quickly and the Fed could lower interest rates to 0 and their would still be a huge point gap down on Dow.

Fun times we are living in! Gold bidding for 901.30... might be time to buy again. hmmm....

Don't know the probability of above but the markets are being hit with some technical breakdowns and heavy downside volume. Definetly time to find some short candidates.

My 401K is now a 400K (was 301K)
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post #2 of 5 (permalink) Old 06-20-2008, 10:14 PM
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God bless Israel... the stock market will just be collateral damage.
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post #3 of 5 (permalink) Old 06-20-2008, 10:23 PM
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Well I guess we just thought the shit hit the fan already . Maybe that was just a fart .
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post #4 of 5 (permalink) Old 06-20-2008, 11:01 PM
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post #5 of 5 (permalink) Old 06-21-2008, 02:58 PM
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Just happened to notice GE is at another new 52 week low and it hasn't been this low since 2003. I don't hear people mentioning that it is a bell-weather now.
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