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REPORT ABUSIVE REPLY
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Message Subject
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Breaking! DJIA (stock market) to fall below 30K today?
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Poster Handle
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Bud Fox |
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Post Content
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DOW desperately trying to hold the psychological level of 30K.
Let's see how she closes. Any close below 30K will likely trigger many SL orders, and will start sending margin calls to those without protective orders in place.
Quoting: Lady Jane Smith I will be shocked if they let it slip below 30K yet, to keep the propaganda going that everything is ok for a while longer. When it goes I think it will go hard, for some of the reasons you mentioned above. More troubling is the 10 year is spiking again, up 18 basis points today. We have to watch that closely as the bond market is many magnitudes larger than equities, and if they lose control of that it all comes down. [ link to www.investing.com (secure)]
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