Quite a successful day of manipulation for the Wall Street criminals...Textbook containment of a final hour sell-off prevented a big drop & close below 9,800, and a new low being set at the close.

How long before those moving the strings cede 9,800? Will they wait another 2 months worth of 401K contributions before they allow it to move lower?

Folks, I think this market is a fraud that will never, and I repeat NEVER, sees its equal...

Make sure you are positioned correctly. As I have said before I'm typically an optomist, but I fear things will likely get ugly this summer.

Lots of uncertainty out there for sure.

Over zealous job numbers, tensions in Israel, the Korean Peninsula, and Iran. War in Afghanistan now longer than Vietnam. What looks to be a never ending oil spill. Goldman giving the financial crisis commission the big middle finger. Businesses uncertain what their tax liabilities will look like in 2011. Eurozone countries facing tough fiscal decisions if not outright default.

It's hard to find any positives to point to for the coming summer season.

Don't forget economic impact of losing the entire Gulf of Mexico and it's entire coastline as a food supply.

Ryley;

My minor was money and banking and I have been an active investor for more than 40 years. From all that I know a few things and believe a few others.

What I know:

The market is driven by fear and greed. Recently fear had had the upper hand.

The market almost never just goes, up and up without a correction. The run up of the past six months was a big one. A significant correction was overdue.

Whenever everyone knows which way the market will go they are usually wrong.

What goes up must come down and vice versa.

What I believe:

There is no conspiracy. The market is simply too big and complex to allow it. There can be manipulation of individual stocks, but to manipulate the entire market would be a really difficult task.

If you are sure the market will continue down significantly you can make a ton of money by short selling. Money can be made in either direction the market moves. Big moves – big money.

Trying to time the market almost always bites you in the butt.

You always have a 50/50 shot when making market predictions.

We should probably ask Parker before drawing any conclusions, though.

one thing for sure, we will pay for the BP oil spill at the pump...no matter what demand and oil stocks are doing...

Doom and gloom..... Another crash is coming, that's what Parkers saying.......

Keith

Parker's right, all the propping up of the system is just prolonging the next big down turn.

Which will be followed by the next big upturn. That's the way it works. Those who didnt take advantage of the last big downturn missed a killer buying opportunity. You could have bought Ford at $1.45 per share. Now $11.00 per plus. I bought 1,000, now wish it had been 10,000.

Big market swings are opportunities to make big $$$.


"Paranoia strikes deep
Into your life it will creep
It starts when you're always afraid
You step out of line, the man come and take you away"

I think we are seeing a manipulation of gas prices right now. Usually it only takes the threat of something and prices soar. Every memorial day prices go up for the "summer driving period". Yet this year I am seeing prices drop. My theory is that big oil is holding prices down to keep the public from getting even more outraged at the spill. If they do manipulate it to keep it down, doesn't that mean they are probably doing the same to keep it up?

That's exactly how it works...+100

Parker's right?

Did you miss his big "Dow at 6000" prediction?

How'd that turn out?

Like I said...........make your prediction. You have a 50% chance to look like a genius and a 50% chance to look like a goat.

I don't know for sure if 6,000 will be the low point but I believe that we will head into a second dip.

Dave, I acknowledge and respect that you have many more years of experience in the market than I. With that experience I can’t understand how you would think that are within another normal market cycle, given the conditions of our domestic economy and how we are more and more tied to the worlds suffering economies. Debt is now at unmanageable levels at home and abroad. Spending by governments is totally out of control. The market indicators are negative across the board.

So I’ll play the Devils advocate, and you can play the Markets advocate.
Where are the indicators that we’ll have a summer rally, or that we’ll push through the ceiling of the current market cycles, instead of the floor?

I have some bad news, there isn’t any good news.

Employment, um..no.
Currencies, horrible.
The government has been propping up our economy by pumping money into the system with stimulus and other tricks that cant be sustained.
Commodities look good because everything else is in the toilet.
Manufacturing…yeah, look at what that 80 billion dollar bailout got us.

The consensus out there is that things are bad and only getting worse.

So start an agressive short selling program and you wil be filthy rich . . . . . . . .if you are right.

May is typically a down month for the market and summer is typically a lull. In my opinion many stocks are still way under valued and great buys if you are long. I think in the fall the market will take off if we don't have any huge 911 scale of events and next year will be even better. More and more companies are talking about going back to paying out their dividend and/or doing buy backs. International/European/the Euro right now is a great buy. Or there will be complete anarchy, all is worthless and the world ends.

Larry Fink, Chairman and CEO of BlackRock, managers of over a trillion dollars in assets disagrees with your take, Ryley.

He thinks the US economy is set for major growth. He has major concerns about Europe, but still thinks the US economy can shake off those concerns and post significant growth.

I tend to take his opinion more seriously than some others because he has a proven track record.

I'll not make any predictions myself because following the market is a hobby for me and there is much unseen to those not in the know.

Dan,

How many CEO's, who's job it is to increase investor contributions to their firms, paint the economy in a negative light?

'Insert Major Bank or investment CEO's name here'
"Hey, the market conditions look pretty dicey right now. This and that are going down, blah blah blah, don't invest your money right now"

You'll rarely ever hear any people in that position speak negatively, because that equates to driving away customers.

In CEO land, things are always Peachy ..unless your name is Tony and your'e the CEO of a major oil firm...

Point taken.

But remember that this guy doesn't get to play with a trillion dollars of other people's money because he has a great sense of humor, or a poor track record.

Still, Larry is going to get paid a handsome sum this year regardless of whether his predictions have any merit, so proceed with caution.

Plus a million.

When the big recession hit, I had one of my friends in my office just crying over the $170K or so he lost. He was wondering whether to move his portfolio out of the stock/bond side into the simple interest bearing side. Not wanting to tell him what to do, all I could say was, " sell high not low". He moved it out and earned a whopping .08% interest and still is today. Me, I stayed, gained most of my money back, and bought a number of more units at a discount.

I am retiring in about a month and half. I will be locking the 401K up for another few years, and make the adjustments to my living standards. Those of you who are not retiring anytime soon, what are you so worried about? I love this consipiracy stuff. Just like the oil spill, it will clean up eventually. The world is not coming to an end. If the DOW drops to 6000, buy, buy, buy. If things get so bad that the stock market collapses, then it won't matter whether you have your money burried in the back yard.

Fundamentals are there, panic is in charge right now, eventually the bottom will hit, and we are headed back up again. Look at market history, that should make you feel better.

The market isn't going to kill you in retirement, it is inflation. Get good advice and remain diversified.

Don't forget the one about Income Tax being unconstitutional and legally avoidable, The Rothschilds, The Illuminati & Freemasonry, and also the guy selling copies of The Turner Diaries.

Yeah, I've been to a few gun shows. It's like a schizo-paranoid comic book convention; Instead of dorks in Star Wars outfits, it's bearded white guys in camo & tooled leather belts.

That's a good point. As I used like to point out to my wingnut friends, you can't eat gold. But those types of people don't exercise logic OR reason so they do amazingly stupid stuff like--(drumroll)-- buy gold during financial panics and economic uncertainty.
One of these friends actually paid $10 for that "info packet" about how to get out of paying his SS & FICA 'legally' at where else? A Gun Show. He swallowed it hook, line & sinker and even tried to fill out the "forms" and give them to his boss. I asked him how THAT went and he mumbled something and never talked about it again. Speaking of spam, I'm pretty sure wingnuts will swallow anything. WorldNutDaily is a prime example.

The best thing you could do for SHTF would be to set up a self-sufficient, secure compound. Dogfish is a set of solar panels and a couple of wind turbines away from it. If you can regularly and predictably supply fresh veggies, eggs & meat in a disaster induced barter economy, you'll be the Cock of the Walk.

What do you think Western Europe was like in 490 AD?

All this from the weak suck that doesn't have the gnar puffs to stand behind his own economic philosophy?,........... Please.



How about an instant replay here?

Jerry says he doesn't know about 6,000 but points out he believes that a double dip may be in order.

KayKayKay enters into yet another wine addled (obvious) diatribe to express his frustrations. Half way through which he takes ownership of his very own claim of a double dip,......patting himself on the back for such succinct prognostication.

As always of course

What's the matter limp dick? Ya get too drunk and forget what you were even tearing into the guy for half way through your post? Lay off the sauce lush.

Not that I need to even defend my position or my posts here from your pea-brained drunken attacks since the Krugman, Bernanke, Geithner, Rubin, Paulson, Summers ball washing you do here is consistently and ever more apparently discredited in reality every single day. I will however point out that market manipulation is not only possible through the use of high frequency, high volume trading platforms it is something that Fed officials have all but admitted to over the years. Propping up the market during downturns was the reason behind the formation of the PPT in 88'.

That said never once have I avered to the Bilderbergs, Free Masons, JBS, or any other such organization controlling the world or anything else. Such things are distractions for dimbulbs and ammunition for niave suckers such as yourself who would rather bury their head in the sand than know any sort of truth. Although I'm not suprised to see you put words in my mouth,......it's what you do.

While I may not subscribe to any of the above conspiracies I'm also aware that when the mechanisms exist for individuals to control and manipulate markets on the scale we're talking about then it's completely niave to believe that those same individuals would not use that power to further their own agenda.

Whether you're too fukking dumb to see it or just don't care makes no difference to me.

Life,......get one huh?

This coming from a wino with nothing better to do than preach his years of wasted knowledge to a hand-full of liberal fisherman who would listen? A drunken bum who's last piece of a$$ was likely during the Carter Administration?

Yeah dude,......I'll get a life,.........but you first.

I'll call out the Zzzzzzzzing's around here.


Thank you.

This thread has as many experts as a bar in Forks in February at 11:32pm.

Just sayin'.

Fish on...

Todd

That's ALOT of experts, I better go read this and get this market thing figured out

At least those Forks experts all have a boat on the back of their rig to carry around all their bullchit in...these guys got nuthin'.



Fish on...

Todd

Certainly humorous..... KK, and all with their predictions....

You all need to seek help.....

I bet it could rain tomorrow..... Might, might not......

Keith

What would be your definition of an expert?

Markets waaaay up this morning. I predict it will continue to go up until it turns around.

Don't feel bad, Chuck.

Nobody else knows where the market is going either.

They just don't want to admit it.

The motivations - fear and greed - are pretty easy to understand. But why they swap emphasis is often indecipherable.

I predict that as long as stupid people continue to act like chickens with a dog in the coop, people with a brain cell or two will continue to prey on them and clean 'em out like a rube on the Midway.

Anyone wanna sell me their gold? Cash out any structure settlements or annuities?



Oh, by the way I'm selling Gen-u-wine 24 Carat* GOLD coins for only $100 each. The best way to survive the coming apocalypse.
PM if interested.






*Commemorative gold plated. No cash value.

This guy says the market has nowhere to go but up! Ocf course its easy to find guys with the opposite opinion.

S+P 500 Going Back to 1250: It's a Great Time to Buy Stocks, Bob Doll Says
Posted Jun 10, 2010 01:19pm EDT by Peter Gorenstein
Related: ^ixic, ^gspc, ^dji, spy, blk, qqqq, iwn
Stocks are soaring midday Thursday. The Dow and S&P 500 have been up as much as 2% on the day. The gains are being attributed to strong export data from China and a better-than-expected reading in the weekly jobless data; continuing claims dropped by the largest amount in almost a year.

The timing of the rally couldn’t be better for Bob Doll, chief equity strategist for fundamental equities at BlackRock. Doll, who manages more than $350 billion, made his bullish case for stocks in a Wall Street Journal op-ed Wednesday and expanded on those themes in an interview with Tech Ticker this morning.

"Valuations are cheap, sentiment is very negative, that should be interpreted as a positive," he tells Henry. "Most people are underweight equities, there’s a lot of cash earning zero on the sidelines."

Though bullish, Doll is no Pollyannna. He’s well aware of the problems in Europe, the stubbornly high unemployment rate and the headwinds caused by a stronger dollar. "That will keep us from going up immediately,” he notes.

Ahh yes,..... I remember Bob "Wind Up" Dolls.

The guy who was on CNBC every other week in 2008 predicting the market was forming a bottom

Tyler Durden at Zero Hedge had this to day about his latest "prediction";

"Apparently after losing Blackrock tens of billions through the firm's holdings of BP and various drillers, Bob Dolls has not only not been fired, but according to RanSquawk was heard somewhere (indicatively, not even CNBC wants to listen to his gibberish any more), saying that stocks are "pretty cheap." Good - he can buy up all the 330 million shares that the Bank of Norway is rumored to be selling. If Bob thinks stocks are pretty cheap here, we hope he has enough dry powder to LBO the entire market when the S&P is trading at 300 or lower."

My point is there are many experts out there. And like a stopped clock some are right some of the time. Typically if you bet against the herd your odds are better.

Yeah, it was BlackRock's fault that BP stock tanked after the well mishap. They should have seen that coming.

Do you even read the sh!t you post sometimes?

I caught that.

Figured one of you would point it out. I didn't write it. Just posted a differing opinion.

My point was that Dolls has been wrong on many of his predictions. Just another salesman,.......as SkyGuy once already pointed out.

Dolls 2010 predictions;

•S&P 500 probable level of 1250
•Sees emerging markets outperform developed markets
•Sees U.S. outperforming other developed markets
•Sees possible earnings growth of 20% Plus
•U.S. economy grows at an above trend 3%
•Job growth turns positive early in the year but unemployment remains high
•Sees inflation as a non-issue
•Expects rates to rise at all points on Treasury curve including Fed funds
•Stocks outperform cash and treasuries
•Likes health care, tech and telecom — Underweights financials utilities and materials
•Merger activity picks up due to strong cash flow and slow growth
•GOP makes gains in House and Senate but Democrats continue to control Congress

Kinda sounds like Irie and Stinky outta start a hedge fund.

Which is no doubt a direct result of the American 'free market' being hindered... and good ol' fashioned capitalism being systematically undermined by the current Socialist regime of Obama, Pelosi and Reid... right Hank?

Without the stimulus, spending would have dropped 10%.

What big corp will the next stimulus buy?

If it isn't Tribal casinos, it's gonna be another flash in the pan.

Some guy showed up early on CNBC to talk about his own little "Watch list" thru his own special program that tracks what Congressional Reps and Senators are buying in Stock. Seems that many are buying stock in companies that are directly affected by pieces of legislation. While the President has to put his investments in a trust, your local reps are making money off your misery. During the drill drill drill debate Pelosi and others had bought into wind farm stocks. They all seem to be doing it. Even Senator Paul has nearly half his investments in gold related investments. Jim Kramer trades on politics all the time and he is often wrong. He push natural gas for a year or more and until the oil spill, natural gas stocks were out of favor. That can be a good time to buy in, but you might have to wait a year for it to move.

Unless you have a sizeable brokerage account, you cannot sell short on your own or even trade options. When you buy a stock thru mutual funds, those fund managers can loan out the stock to trade options and they are paid for that service. You buy a stock on a dip and it turns out to be heavily shorted and you keep watching it fall. Most investors dont know where to look to find how heavily a stock is being shorted.

By the time most people have bought into a stock, the mutual fund and hedge fund mgrs. already locked in their trades. When they sell out, you are left holding your higher priced stock. If you follow guys like Jim Kramer, they are up on a stock one day and a month later they are dumping it. Rarely do the stocks that he pushes, have good long term fundamentals. He doesnt trade like Buffet.

Those big holdings may have to do with the fact that is a ok for senators and representatives to deal in insider trading. They can buy and sell knowing which way the wind is going to blow.
Some guy named Baird introduced a bill to end that practce but it never made it to a vote.

Now the sneaky bastards are making the market go up. Some manipulation!

Market Summary
USEuropeAsiaDow 10,404.77 +213.88 +2.10%

Nasdaq 2,305.88 +61.92 +2.76%

S&P 500 1,115.23 +25.60 +2.35%

10 Yr Bond(%) 3.3100% +0.3500

Oil 76.50 +1.38 +1.84%

Gold 1,233.20 0.00 0.00%

Customize summary» View more indices
» View more bonds

"Most ignorance is evincible ignorance. We don't know because we don't want to know." -

A little cranky this morning eh KayKayKay?

Tainted goat ass last night? Spoiled vino?

Central Banks have been manipulating markets for centuries,.....it's nothing new, and well documented.

If my belief in this interferes with your myopic view of a statist's utopia where all profits from man's endeavors go to strengthen the state, well,......... f uck off,..........I'll make no apologies for it.

The more I read your posts the more I understand what a hate filled little creature you are. It's my guess your hate for things you see lesser than you stems from an inward hate of one's own self. It's likely you're the product of a late night grope fest between brother and sister in the back of a broken down Model-T on wooden blocks.

Your lashing out is nothing more than an attempt to correct the reproductive injustice you feel was done to you. A shame really.

Your insults are dated and lame. Your use of words like "douchenozzle" seem to be a pathetic bid for a lonely 60-something to identify with the younger generation.

News flash,.........you're not young,........you're old and dried up.

Much like your ideas and you're world view. Only most people had the common sense to abandon that world view back in the 30's and 40's,.....when you were like, what, 24?

SW,

If you really read KK's posts closely, you'd see just how cheaply he can be entertained by trolling for thin skinned conservatives on the internet. I think he's trying to develop it into an art form. But you seem to have swallowed hook, line, and sinker.

Douchenozzle, now there's a term I don't run across every day.

Sg

Stocks post biggest two-week gain since November- AP
Here's something for investors beaten down by the market's sharp declines this spring: The Dow Jones industrial average just had its best two weeks since November.

Who knows? All I know is what it did. Anyone who "knows" what it will do next is a fool.

Reality is catching up with Wall street today. Can't keep the cat in the bag forever......