Reuters - "Wall Street Extends Losses As Oil Rises"... - DFWstangs Forums
 
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post #1 of 8 (permalink) Old 07-09-2008, 02:26 PM Thread Starter
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Reuters - "Wall Street Extends Losses As Oil Rises"...

oil is up a friggin cent right now! lol (dow is down over 150 pts)

http://us.rd.yahoo.com/finance/exter...pe=marketsNews
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post #2 of 8 (permalink) Old 07-09-2008, 03:24 PM
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oil closed down again today, sucks for those of us in the oil business
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post #3 of 8 (permalink) Old 07-09-2008, 03:26 PM
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Dow closed at 11,147.44. Down 236.77 points from yesterday. Here comes 10k!
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post #4 of 8 (permalink) Old 07-09-2008, 03:31 PM
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well we are right on the verge of earnings season, I think a lot of people are anticipating some bad reports so they are pulling their money and moving it else ware.

I still have faith that the market will turn around late in the 3rd quarter, but till then I would stick to ETFs and investing overseas.
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post #5 of 8 (permalink) Old 07-09-2008, 05:36 PM
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Offical bear market for S&P500.

Quote:
US stocks slumped decisively into bear market territory on Wednesday as investor sentiment buckled on concerns about the health of the financials sector and fears that slowing economic growth would hurt earnings at technology firms.

Nine of the ten leading industrial sectors fell, knocking the benchmark S&P 500 down 2.3 per cent to 1,244.63 - its lowest level since July 2006 and its first bear market since 2002.
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post #6 of 8 (permalink) Old 07-09-2008, 05:37 PM
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Quote:
Originally Posted by cannonball996
oil closed down again today, sucks for those of us in the oil business
you poor things you.
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post #7 of 8 (permalink) Old 07-09-2008, 05:39 PM
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Quote:
Originally Posted by cannonball996
I would stick to ETFs
Explain.

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post #8 of 8 (permalink) Old 07-10-2008, 10:49 AM
Lifer
 
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Quote:
Originally Posted by Fordblue625
Explain.
you can play ETFs on comodities (food, oil) and with inflation rising around the world, and demand increasing around the world, these ETFs are going to continue to rise.
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