brooklynite
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Fri Jul-29-11 12:10 PM
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| Markets dropping again... |
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There was a 100 pt dive at open, then a recovery, now a downward line since 11 AM.
The Boehner alternative doesn't seem to be inspiring people...
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| Sarah Ibarruri
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Fri Jul-29-11 12:12 PM
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| 1. Markets, I've come to realize, are primarily a game based on the PMS reactions of some very rich men |
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That's all it is, basically.
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| no_hypocrisy
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Fri Jul-29-11 12:13 PM
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| robcon
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Fri Jul-29-11 02:08 PM
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| 3. Good buying opportunity, IMO. |
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I've changed the mix of my mutual funds.
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| onenote
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Fri Jul-29-11 04:23 PM
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| 4. The market has held up pretty well this week, all things considered |
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On Monday there were some here predicting a 1500 point drop for the week, which is more evidence that one shouldn't go to DU for market advice. And while the impact on the market if default actually occurs is likely to be substantial, at the moment the market is still up nearly 5 percent for the year, I believe.
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| JoePhilly
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Fri Jul-29-11 04:34 PM
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| 5. NEVER use DU for investment advice!!!! |
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Around this time last year, the DOW was at about 9800 ... and the DU consensus was double-dip and total collapse.
Even after this week's decline, and the uncertainty, the DOW is still above 12k.
It could lose more ground next week, but the last place I would go for advice on what to do would be DU.
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DU
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Thu Apr 18th 2024, 08:23 PM
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