The market will be headed down in the morning.

[alcuno]

This is more money than anyone thought they would be asking for; the number that was being kicked around was 60 billion.

I also predict that there will be a terrorist attack soon outside of Iraq. The administration keeps referring to Iraq as the central theater in the war on terrorism. Someone will want to prove them wrong.

[lanlady]

1. I was thinking the exact same thing!

the markets aren't going to like that speech. Not just the money, but we're back to an environment of instability and uncertainty. I think gas and oil prices will also stay high.

[bahrbearian]

2. Just because Chimpy speaks means the market's go down

I mean when he's on vaction the market's go up.

[bahrbearian]

3. May be if he was laid off, I mean Fired...

[Tandalayo_Scheisskopf]

4. And if an attack takes place...

Outside of Iraq or the ME, watch the markets head south, stops be damned. People will be throwing themselves out of windows. Shit, there will be lines at the windows.

October looms, darkly.

[alcuno]

8. They are all but daring terrorists to strike outside Iraq

Actually, saying better in Iraq than in the US is daring them to hit the US.

[kalian]

5. This is only the beginning....

September has been historically the death month for the stock market.
I guess that they will be blaming it on the so-called "war on terrorism"... :eyes:

Fuck'em! Out of the WH! NOW!

[sandnsea]

6. I always thought October...

was the death month. Seems like September sometimes rises, particlarly if the bottom totally drops in October. But with this speech, I would be out Monday morning, if I had anything IN!

[kalian]

7. I read an article...

can't recall whether it was over at cnnfn.com or abcnews.com where they stated that statistically the month of September was the WORSE month for the stock market.

I think ALOT of people are going to be in for a HUGE surprise...

[specimenfred1984]

9. Market will fall early, then we'll see.

The Fed's been propping it up for months now anyway, whether it's through direct Fed action or indirect PPT involvement. The corporate corruption is still in place too so who knows how far "they" will let it fall.

The most surreal aspect of it all is the people propping this "free market" up and the "free market" proponants who are actually totally controlling the market.

Typical neo-con fascist behavior. If you can predict what their sick minds will do next, let me know. I've been trading the S&P since 1991 and I've never seen a market so disconnected from reality and yes, that includes the Naz bubble.

[alcuno]

11. Welcome to DU, LastChance2004

I'll keep you posted with my predictions. I agree that there has been a real disconnect, especially in the NASDAQ. Up 40% this year?

[salin]

10. Other things may contribute

check out LBN - Fraud type problems and an investigation picking up steam by Elliot Spitzer into mutual funds; Bigger problems - expectations that there may be a sell off of foreign owned US Treasuries (a big chunk of treasuries are held outside of the US) this will hit the bond market.

Tomorrow might be a tad volatile. Then again - strange things have been happening investment wise - so maybe there will be a counterintuitive surge... :shrug:

[JPace]

12. I grocery shopped today.....

and almost everything I bought was higher
than it was two weeks ago. The biggest
jump I have seen for awhile.

I am no economist....but something is
going on.

[ozymandius]

13. Join us for the STOCK MARKET WATCH in the AM.

I post that in Late Breaking News.

We have some regular posters on this thread who work in the bond markets. I hope they speak up about the possible ramifications of this foolish $87 billion request. The bond market is always afraid of its own shadow. Now, it has more reason to be afraid as international buyers are shrinking back from the "buy" window. This means that it will be more difficult for the federal government to cover its debt load which means that it will turn to domestic sources for capital. This, in turn, will dry up monies for domestic investment with the potential to strangle new business investment for our domestic economy (with severe stock market ramifications). In the end, anyone who lives in America loses.

[grasswire]

14. weird

My supermarket's ad today has prices astonishing lower than ever on a whole palette of items. I was quite surprised, and sorry that I did my week's shopping on Saturday! I was thinking deflation.

[grasswire]

15. well....

....CNBC should have the European shows on starting in about three hours from now, and we should see a trend before the market opens.

[TahitiNut]

17. Given a choice ...

... between paying the government taxes at a fair rate or loaning the government money at interest, tax free, to pay for expenditures which benefit mostly them, I wonder what the filthy rich would prefer? Indeed, the more they do this then the higher the interest rates (tax free and tax deferred). Now, if they can drive the government deeper in debt, depress labor rates with higher unemployment, squeeze 'productivity' with unpaid overtime, plunder the pension funds, and live in Bermuda ... hey, why not?

:puke:

[TahitiNut]

16. Except for HAL of course

:puke:

[SmileyBoy]

18. You're correct. I bet it will too.

250 point drop before 9:30 am. The market was creeping up lately, but this deal is gonna drop it right back down.

[uptohere]

19. I would have thought so too but for different reasons both wrong

DOW's up almost 36, NASDAQ 12

go figure...

[CWebster]

20. Not

if military investment is the machine driving the stock market.

[HereSince1628]

21. Well, its up 78 points right now...

but then we have until noon for your prediction to prove right

[qb]

22. NPR said this morning the market will go up

They were probably doing their "patriotic duty" by talking up the market regardless of the facts.

edit: Typed CNN instead of NPR. I guess there's not much difference between the two in my subconscious.