General Discussion

a kennedy

(29,658 posts) Wed May 9, 2012, 08:04 AM May 2012

Ok, so what's up with the stock market today???

All I want is for the DOW to stay above 1300.....is that to much to ask??

10 replies

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Ok, so what's up with the stock market today??? (Original Post) a kennedy May 2012 OP

It's going to crash and everyone is going to lose their money all over again. HiPointDem May 2012 #1

How do people lose their money in crashes again? dmallind May 2012 #6

please, share your crystal ball with us lesser beings spanone May 2012 #7

If money's going to be taken out of The Market, where will it be invested then? no_hypocrisy May 2012 #2

Actual net money flows in or out of the market are small compared to price changes. FarCenter May 2012 #9

It's got a lot further to go to get to 1300... rfranklin May 2012 #3

Well, maybe some major companies will announce huge layoffs.. Fumesucker May 2012 #4

It'll probably drift down to around 12,500 or so in the near term. Could maybe go as low as 12k. JoePhilly May 2012 #5

Since it's close to 13,000, it has a ways to go to get to 1299. sinkingfeeling May 2012 #8

Dow Falls 6th Day in Longest Slump Since August on Greece FarCenter May 2012 #10

HiPointDem

(20,729 posts)

1. It's going to crash and everyone is going to lose their money all over again.

Reply to a kennedy (Original post)

Wed May 9, 2012, 08:06 AM

May 2012

dmallind

(10,437 posts)

6. How do people lose their money in crashes again?

Reply to HiPointDem (Reply #1)

Wed May 9, 2012, 09:30 AM

May 2012

spanone

(135,831 posts)

7. please, share your crystal ball with us lesser beings

Reply to HiPointDem (Reply #1)

Wed May 9, 2012, 09:35 AM

May 2012

no_hypocrisy

(46,101 posts)

2. If money's going to be taken out of The Market, where will it be invested then?

Reply to a kennedy (Original post)

Wed May 9, 2012, 08:08 AM

May 2012

Derivatives?

FarCenter

(19,429 posts)

9. Actual net money flows in or out of the market are small compared to price changes.

Reply to no_hypocrisy (Reply #2)

Wed May 9, 2012, 10:58 AM

May 2012

A lot more money is created/destroyed by the repricing of shares, at least if you believe mark to market accounting.

rfranklin

(13,200 posts)

3. It's got a lot further to go to get to 1300...

Reply to a kennedy (Original post)

Wed May 9, 2012, 08:08 AM

May 2012

It looks like a "correction" with the European debt situation being used as the excuse. It is an opportunity for the big boys to shake out a lot of nervous investors and then scoop up stocks at a discounted price before the next leg up.

Fumesucker

(45,851 posts)

4. Well, maybe some major companies will announce huge layoffs..

Reply to a kennedy (Original post)

Wed May 9, 2012, 08:16 AM

May 2012

That's usually good for a boost in their stock prices..

JoePhilly

(27,787 posts)

5. It'll probably drift down to around 12,500 or so in the near term. Could maybe go as low as 12k.

Reply to a kennedy (Original post)

Wed May 9, 2012, 08:18 AM

May 2012

There's been some downward pressure each of the last 3 summers, maybe as much as a 8-10% correction, but then it climbs back pretty fast.

Keep some cash on the sidelines so you can buy back in on the dips.

sinkingfeeling

(51,457 posts)

8. Since it's close to 13,000, it has a ways to go to get to 1299.

Reply to a kennedy (Original post)

Wed May 9, 2012, 10:41 AM

May 2012

FarCenter

(19,429 posts)

10. Dow Falls 6th Day in Longest Slump Since August on Greece

Reply to a kennedy (Original post)

Wed May 9, 2012, 11:04 AM

May 2012

http://www.bloomberg.com/news/2012-05-09/u-s-stock-futures-drop-amid-political-turmoil-in-europe.html

It's now being reported elsewhere that the German leadership are very willing to see Greece leave the Eurozone. I think that they now feel that contaigon to Portugal, Spain, etc. can be contained.

Reintroducing the drachma will put the Greek economy back on a sound footing, but at a GDP/capita of about half what it is now.

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