I think it will. All the world central banks pledged this weekend to pump unlimited amounts of US dollars into system to break the credit jam.
http://www.cnbc.com/id/27161548
http://www.cnbc.com/id/27157731
PeakOil is You
US Markets Monday, 10-13-2008
Re: US Markets Monday, 10-13-2008
by Buggy » Mon 13 Oct 2008, 09:48:37
"We have flown up our own collective numeric bung-hole."
James Howard Kunstler
James Howard Kunstler
- Buggy
- Lignite
- Posts: 284
- Joined: Mon 23 Jun 2008, 03:00:00
Re: US Markets Monday, 10-13-2008
by galacticsurfer » Mon 13 Oct 2008, 10:05:42
FWIW
http://www.mmacycles.com/weekly-preview ... -13,-2008/
$this->bbcode_second_pass_quote('', '
')For this coming week, we find a full moon on Tuesday October 14, followed by the return of Mercury to its direct motion the next day. Astrologically this could correspond to a temporary end of the painful first leg down of the bear market in equity prices. However, Mercury changing directions is minor in comparison to the force of the Saturn-Uranus opposition which is still approaching, and not due for its first hit until November 4. It feels like a hurricane watch, with headwinds already wreaking great damage before the center of the storm reaches land.
On a somewhat positive note, Venus ended its sextile-trine to that Saturn-Uranus opposition on Friday, October 10. That too could correspond to some relief, however temporary. I realize everyone would like to believe the bottom of this plunge is happening right now and things will return to normal. However, I cannot make that statement from my knowledge of these geocosmic factors. This is a debt crisis, and in case no one realizes it, that is what money has become. It is a medium of “debt” (Pluto). Now we leave Pluto (debt) in Sagittarius (expansion). For the next 15 years, it will be Pluto (debt) in Capricorn (contraction). It is a whole new playing field. Save your money, protect your capital, pay off your debt and let the banks figure out what they have to do to save their souls from their inane accounting practices of the past 35 years that considered debt as a measure of worth. Maybe with Pluto in Capricorn they will back up their “worth” with something tangible again, instead of as percentage of how much debt they can put on their books.
http://www.mmacycles.com/weekly-preview ... -13,-2008/
$this->bbcode_second_pass_quote('', '
')For this coming week, we find a full moon on Tuesday October 14, followed by the return of Mercury to its direct motion the next day. Astrologically this could correspond to a temporary end of the painful first leg down of the bear market in equity prices. However, Mercury changing directions is minor in comparison to the force of the Saturn-Uranus opposition which is still approaching, and not due for its first hit until November 4. It feels like a hurricane watch, with headwinds already wreaking great damage before the center of the storm reaches land.
On a somewhat positive note, Venus ended its sextile-trine to that Saturn-Uranus opposition on Friday, October 10. That too could correspond to some relief, however temporary. I realize everyone would like to believe the bottom of this plunge is happening right now and things will return to normal. However, I cannot make that statement from my knowledge of these geocosmic factors. This is a debt crisis, and in case no one realizes it, that is what money has become. It is a medium of “debt” (Pluto). Now we leave Pluto (debt) in Sagittarius (expansion). For the next 15 years, it will be Pluto (debt) in Capricorn (contraction). It is a whole new playing field. Save your money, protect your capital, pay off your debt and let the banks figure out what they have to do to save their souls from their inane accounting practices of the past 35 years that considered debt as a measure of worth. Maybe with Pluto in Capricorn they will back up their “worth” with something tangible again, instead of as percentage of how much debt they can put on their books.
"The horror, the horror"
-
galacticsurfer - Coal
- Posts: 449
- Joined: Wed 09 Nov 2005, 04:00:00
Re: US Markets Monday, 10-13-2008
by z28colt » Mon 13 Oct 2008, 11:48:18
Martin Armstrong's Pi Cycle indicates a major downturn in April. I had planned to sell out in March, but it looks like things hit early. Now I'm just hoping for a slight rally to get out now. I think that April may be the beginning of the second leg down, and I think it will be much worse than this one.
If the Nov. date is correct above, it will closely match the first leg down in 1929. The markets leveled off in early November and made a slight rally only to begin the second leg down a few months later.
If the Nov. date is correct above, it will closely match the first leg down in 1929. The markets leveled off in early November and made a slight rally only to begin the second leg down a few months later.
-
z28colt - Wood
- Posts: 14
- Joined: Sat 09 Jun 2007, 03:00:00
Re: US Markets Monday, 10-13-2008
by smallpoxgirl » Mon 13 Oct 2008, 11:56:25
$this->bbcode_second_pass_quote('Hogan', 'D')ead cat bounce? I don't really think this rally will last through the week. I give it a few days at most. Maybe even down minus today at closing.
Sounds about right. IMHO, it's just a standard bear market rally. Things get oversold and the market rallies for a bit. My SWAG is that we'll rally back into the mid 9000's by Wednesday then start to drop again.
"We were standing on the edges
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
-
smallpoxgirl - Expert
- Posts: 7258
- Joined: Mon 08 Nov 2004, 04:00:00
Re: US Markets Monday, 10-13-2008
by dohboi » Mon 13 Oct 2008, 12:03:51
"All the world central banks pledged this weekend to pump unlimited amounts of US dollars into system to break the credit jam."
Does this seem rather astonishing to anyone else?
We are now beyond trillion-dollar bailouts. This is bailouts as far as the eye can see.
Gee, this capitalism stuff really works well. We should be sure to commit ourselves to it unquestioningly for ever and ever amen.
grrrrrrrrr.
"Now I'm just hoping for a slight rally to get out now."
I'm wondering how many others are thinking this way. This looks like a bear trap. Does reversion to the mean started in '82 mean going well below 7000?
The continuing fall in oil prices means that that market is still pricing in continuous collapse.
Does this seem rather astonishing to anyone else?
We are now beyond trillion-dollar bailouts. This is bailouts as far as the eye can see.
Gee, this capitalism stuff really works well. We should be sure to commit ourselves to it unquestioningly for ever and ever amen.
grrrrrrrrr.
"Now I'm just hoping for a slight rally to get out now."
I'm wondering how many others are thinking this way. This looks like a bear trap. Does reversion to the mean started in '82 mean going well below 7000?
The continuing fall in oil prices means that that market is still pricing in continuous collapse.
-
dohboi - Harmless Drudge
- Posts: 19990
- Joined: Mon 05 Dec 2005, 04:00:00
Re: US Markets Monday, 10-13-2008
by Minvaren » Mon 13 Oct 2008, 12:06:34
With the huge rally on Friday, you probably have a lot of people who will exercise profit-taking shortly. I don't know if it'll be this week, but I reckon we'll have some sort of selloff soon that could start a second major correction.
-
Minvaren - Peat
- Posts: 162
- Joined: Sun 25 Sep 2005, 03:00:00
- Location: Planet Houston
Re: US Markets Monday, 10-13-2008
by RonMN » Mon 13 Oct 2008, 13:03:59
I believe quarterly earnings reports come out this week & next. That will probably kill any rally in the market. If somehow we can squeek an extra quarter out of our financial system, I think earning reports in January (for the x-ma$ shopping season) will be truely ugly.
Remember, consumer spending is 70% of our economy.
Remember, consumer spending is 70% of our economy.
Quis custodiet ipsos custodes.
-
RonMN - Intermediate Crude
- Posts: 2628
- Joined: Fri 18 Mar 2005, 04:00:00
- Location: Minnesota
Re: US Markets Monday, 10-13-2008
by lper100km » Mon 13 Oct 2008, 15:21:59
You've seen and felt the fear. Greed is looking for a return visit.
-
lper100km - Lignite
- Posts: 397
- Joined: Mon 05 Jun 2006, 03:00:00
- Location: Over the tracks, left under the overpass, right, third boxcar on the left, ask for Jack
Re: US Markets Monday, 10-13-2008
by Zardoz » Mon 13 Oct 2008, 16:07:17
$this->bbcode_second_pass_quote('smallpoxgirl', '.')..My SWAG is that we'll rally back into the mid 9000's by Wednesday then start to drop again.
Good call, SPG:
Dow Logs Biggest One-Day Point Gain Ever
$this->bbcode_second_pass_quote('', 'S')tocks bounced back from their worst week ever with one of their best performances in history as investors cheered a global cash infusion designed to unthaw the credit market and avoid a global meltdown.
The Dow Jones Industrial Average snapped an eight-day losing streak, gaining 936.42, or 11 percent, to close at 9,387.61.
It was the biggest point gain in the Dow's history — nearly double the prior record of 499.2 set back in 2000 — and the biggest percentage gain since 1933.
"Thank you for attending the oil age. We're going to scrape what we can out of these tar pits in Alberta and then shut down the machines and turn out the lights. Goodnight." - seldom_seen
-
Zardoz - Expert
- Posts: 6323
- Joined: Fri 02 Dec 2005, 04:00:00
- Location: Oil-addicted Southern Californucopia
